CDA auctions 15 plots at Rs 18.5 bn.

ISLAMABAD -- The three-day auction of commercial plots held under the aegis of the Capital Development Authority (CDA) received an overwhelming response on the second day as 10 commercial plots were auctioned at Rs 13.75 on Tuesday.

The auction - held under the supervision of CDA's Member Finance here at the Convention Center - has so earned Rs 18.5 billion while accepting the bids of successful bidders, said a press release.

On the first day, the highest bid worth Rs 1.7 billion was received for a commercial plot of 700 square meters located at F-7 Markaz, followed by another plot 666.66 square meter plot at I-8 Markaz sold for Rs 1.3 billion.

Meanwhile, a plot of 177.77 square meters at G-10 Markaz and another of 711.11 square meters plot in the D-12 sector were sold at Rs 273 million and 890 million...

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