During the first two days eight (08) plots have been auctioned and fetched more than 10.94 billion. Auction of plots will remain continue on October 19th and 20th , 2023 at Jinnah Convention Centre, Islamabad.
According to the details, on the second day of the auction, Plot No. 1 measuring 355.55 square yards in Sector G-6/1-1 was auctioned for Rs. 602 million. Similarly, Plot No. N-1 measuring 1066.66 square yards located in Sector E-11 was auctioned for 1.24 billion rupees . On the second day of the auction, hostel plot measuring 1111.11 square yards in Sector G-7/3 was auctioned for Rs. 706 million while hostel plot measuring 1111.11 square yards located in Sector G-9/4 was auctioned for Rs 604 million.
Residential and commercial plots of different categories are being offered for investment in the four-days auction of plots. During the four-days auction, plots of various marakaz, Blue Area and E-11 Northern Strip are being auctioned.
Park Enclave Commercial, Class III Shopping Centers, Agro Farms, Apartments and Industrial plots are being offered for auction. Similarly, the plots of fruit, vegetable and meat shops and I-11 markets will also be also presented for auction, while for the first time the plots allocated for hostels were offered for auction. Residential plots will also be auctioned during the four-days auction of plots.
The auction is being supervised by the auction committee headed by the Member Estate.
It is pertinent to mention here that the committee has made effective arrangements to make the auction transparent. Due to which the investors are actively participating in the bidding and buying the plots of their choice.
The bids received after thorough scrutiny will be placed before the CDA Board, which is the competent forum to accept or reject the bids.
