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CDA fetches Rs. 4.9 billion from two-day auction
Islamabad: May 22, 2013: On second day of the grand auction of commercial plots, the Capital Development Authority (CDA) received a healthy response from the business community. The two day auction commenced on Tuesday at Convention Centre fetched approximately Rs.4.9 billion.
On the second day of the grand auction, CDA offered four (04) commercial plots for bidding. During the two day auction, fourteen (14) commercial plots have been successfully auctioned and CDA fetched out Rs. Rs.4.9 billion approximately.
According to details, Plot No.59, measuring 2488.88 square yard located in Blue Area (F-6 / G-6) was auctioned at the rate of Rs.343,000/- per square yard. Plot No.A-1 measuring 1333.33 square yard located in Blue Area (F-9 / G-9) received a bid of Rs.330,000/- per square yard. Plot No.A-2 measuring 1333.33 square yard in Blue Area (F-9 / G-9) got a bid of Rs.453,000/- per square yard. Similarly, In Blue Area (F-9 / G-9) Plot No.A-4 measuring 1333.33 square yard was auctioned for Rs.319,000/- per square yard.
On the second day, CDA offered four (04) commercial plots located in Blue Area for open bidding. Plot No. A-2 of Blue Area (F-9 / G-9) measuring 1333.33 square yard received the highest bid of Rs.453,000/- per square yard. Whereas, Plot No.A-4 measuring 1333.33 square yard received the lowest bid of Rs.319,000/- per square yard.
The auction committee would submit its recommendations to the CDA Board, which is the final Authority for approval of these auctions.
This auction is being supervised by a committee headed by Mr. Azher Ali Chaudhary Member Finance, while Syed Mustafain Kazmi, Member Planning & Design, Mrs Shaista Sohail, Member Estate, Zia ur Rehman Toor , Deputy Director General Finance, Director Estate Management-I Abid Lateef, Director Estate Management-II, Muhammad Aslam Chaudhary and Deputy Director Public Relations, Malik Saleem Akhtar are the members of the committee. A large number of people participated in the auction. | Read more
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