CDA auctions 8 commercial plots worth Rs2.815bln.

ISLAMABAD -- Capital Development Authority (CDA) successfully auctioned eight commercial plots worth of Rs2.815 billion (approximately) on Wednesday.

The plots were auctioned on Second day of three-day auction organized by CDA here at Jinnah Convention Centre. The auction will continue till 24th October, a press release said.

The auction witnessed impressive gathering of investors and general public with enthusiastic participation. The enthusiastic response from investors is the outcome of investor friendly policies of present CDA management.

CDA has thanked the successful bidders for trusting in the policies of the authority. The auction of residential and commercial plots fetched Rs.3.512 billion.

It was conducted in a transparent manner and proceedings were supervised by a high level Auction committee headed by Member Estate. The participants and observers appreciated the auction arrangements made by the CDA and efficient, open and transparent auction process.

During the first day of auction of commercial plots, plot No. 40-B of Markaz G-9, measuring 733.33 square yards (s.q) received bid Rs.500,000 per square yard while plot No.31-B of Markaz G-9, measuring 205.55 s.q received bid

Rs. 1,170,000 per square yard, plot No. 23-B, Markaz G-10 measuring 333.33 s.q received bid Rs. 1.050,000 per square yard, plot No.13, Markaz D-12, measuring 711.11 s.q...