Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
CDA earns Rs3.2b from two-day auction of plots
03-29-2013, 08:05 PM
Post: #1
CDA earns Rs3.2b from two-day auction of plots
Islamabad



Though the Capital Development Authority (CDA) managed to earn Rs2.463 billion from auction of commercial plots, but the same enthusiasm was not witnessed on Tuesday the second day of open auction as was seen on the first day.



The CDA would receive a total of Rs3.23 billion from two-day auction of commercial and residential plots.



“The successful bidding of residential and commercial plots in the developed sectors of federal capital would further promote the economic and development activities in the city,” said CDA Chairman Syed Tahir Shahbaz while commenting on the outcome of open auction.



The civic body could have been richer through auction had it succeeded in auctioning a 3.75-acre plot meant for a five-star hotel in Sector F-5/1. The plot could not be offered for auction by the CDA after receiving stay orders from the high court.



The civic body succeeded in selling out three out of four commercial plots in Blue Area in front of F-9 Park fetching a total of Rs1.862 billion. The three plots were auctioned for Rs643 million (Rs482,000 per square yard), Rs649 million (Rs483,000 per square yard) and Rs526 million (Rs392,000 per square yard).



The auction of two commercial plots in Sector E-12 where the authority is yet to start development activity, received encouraging response.



The two plots measuring 1,600 square yards each got highest bids of Rs144 million (Rs90,000 per square yard) and Rs176 million (Rs110,000 per square yard) respectively.



None of the four flats of luxury apartments and seven commercial plots in the Super Market of Sector I-12 could attract any buyer. A plot in Markaz D-12, measuring 1,600 square yards, received the highest bid of Rs174,000 per square yard and was auctioned for Rs278 million.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  CDA Decided to Auction Commercial & Residential Plots Next Month LRE-Azan 0 681 09-30-2023 04:55 PM
Last Post: LRE-Azan
  CDA Collected Rs6 billion from Plots Auction Salman 0 4,854 04-24-2015 03:11 PM
Last Post: Salman
  CDA finalises arrangements for auction of commercial plots Salman 0 5,152 03-26-2014 06:36 PM
Last Post: Salman
  CDA’s commercial plots auction from April 2nd Salman 0 5,078 03-22-2014 06:07 PM
Last Post: Salman
  Islamabad CDA to auction commercial plots from next month Salman 0 5,467 03-17-2014 01:30 PM
Last Post: Salman
  CDA changes building parameters to make auction of plots success Salman 0 4,663 02-28-2014 01:38 PM
Last Post: Salman
  CDA earns Rs8b from auction of commercial plots Salman 0 6,313 11-25-2013 01:26 PM
Last Post: Salman
  CDA earns Rs1.88b on second day of auction Salman 0 5,422 11-22-2013 05:21 PM
Last Post: Salman
  CDA to ensure hassle-free process for auction of plots Salman 0 6,519 11-18-2013 12:22 PM
Last Post: Salman
  CDA to hold three-day auction of 56 commercial plots Salman 0 12,915 11-06-2013 02:58 PM
Last Post: Salman
  CDA to auction commercial plots in November Salman 0 12,167 10-31-2013 02:31 PM
Last Post: Salman
  CDA to auction 40 commercial plots in November Salman 0 9,220 10-14-2013 04:28 PM
Last Post: Salman
  CDA to hold auction of commercial plots Salman 0 11,917 10-10-2013 01:42 PM
Last Post: Salman
  LDA To Auction Commercial Plots On 10th October 2013 Salman 0 8,787 09-27-2013 04:03 PM
Last Post: Salman
  LDA to auction four plots for new bank square Salman 0 8,094 09-09-2013 01:39 PM
Last Post: Salman
  LDA to Auction 50 commercial plots on 24th September 2013 Salman 0 10,103 09-04-2013 08:37 PM
Last Post: Salman
  CDA to get Rs4.6 billion from auction of commercial plots Salman 0 6,793 07-18-2013 10:57 AM
Last Post: Salman
  CDA to auction commercial plots Salman 0 6,649 06-26-2013 11:56 AM
Last Post: Salman
  CDA to auction 52 commercial plots in I-12 Markaz Salman 0 6,144 06-11-2013 02:32 PM
Last Post: Salman
  Plan finalised for commercial plots auction in I-12 Salman 0 5,917 06-10-2013 12:27 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 1 Guest(s)