ISLAMABAD: The three-day auction of commercial plots organized by the Capital Development Authority (CDA) began successfully on Monday.
On the first day, the auction committee, led by Member Finance, accepted the highest bids for five commercial plots, totaling Rs4.75 billion. In F-7 Markaz, a commercial plot measuring 700 square yards was sold for Rs1.7 billion, while in I-8 Markaz, another plot measuring 666.66 square yards received the highest bid of Rs1.3 billion.
Additionally, the auction committee accepted the highest offer of Rs890 million for a plot measuring 711.11 square yards in D-12 Markaz. In G-9/2, a plot designated for a petrol pump, measuring 1227.76 square yards, fetched Rs845 million, and in G-10 Markaz, a commercial plot measuring 177.77 square yards received the maximum offer of Rs273 million.
It is important to note that the highest offers accepted by the auction committee are subject to approval by the CDA Board. The auction committee consists of the Member Planning, Deputy Financial Advisor, Director General of Law, Directors of Urban Planning, Estate Management Commercial, and Director Finance.