“At present the board is worried about its failure in selling at least 20 major
properties located on prime locations in major cities. Although we are trying to attract a number of interested parties/customers through advertisements in newspapers and open biddings, we are surprised that people are not taking interest in such prime commercial properties,” board`s consultant (properties) Amin Dogar told Dawn.Dogar said the board put 19 commercial properties worth Rs25 billion up for sale through advertisements, but to no avail. These properties include 1000-kanal commercial land adjacent to Expo Centre, Lahore; four-kanal Minister Block Building, Lahore; 73-kanal food department warehouse in Gulberg, Lahore; 33-kanal food warehouse in Badami Bagh; 33-kanal land on Ferozepur Road near Rescue-1122 office; three-kanal land on Queens Road; 59-kanal Rest House Building in Sarghoda; 59-kanal cattle field/farm in Nankana Sahib; 37-kanal land near Fowara Chowk in Rawalpindi; eight-kanal former Alliance Mills in Jhelum; nine-kanal tehsildar`s residence in Attock; 50-kanal land near Lorry Adda in Faisalabad; 14-kanal land near Lorry Adda in Faisalabad; 1-kanal and 12 marla former primary school in Sarghoda; 25-kanal food warehouse in Sarghoda, 520-kanal land in Fareed Town, Sahiwal; 11-kanal food warehouse in Rahim Yar Khan; 15-kanal land near hockey stadium in Sialkot; 48-kanal land in Dera Ghazi Khan city and 30-kanal land in DG Khan.
Besides, there were 1,025 small urban and rural properties worth Rs25 billion that had yet to be auctioned off, the official said. He said: “The prevailing situation in the country was the main hurdle in the sale of these properties”.
About the 1,000-kanal land near the Expo Centre, the official said: “As we couldn`t sell it through open auction, it has been decided now to convert it into plots of 50 to 100 kanals each and sell it.”
- ‘Safety’ pushes property prices up in Lahore (propertiesinpakistan.pk)
- Land-grabbers fresh attempt foiled (nation.com.pk)
- 1 Kanal House For Sale, Price:PKR 33,000,000 (findacar.pk)
- Rights & Wrongs, Fate of Ashiana housing hangs in the balance (propertiesinpakistan.pk)
- 1.78 Kanal new commercial plaza available for sale in F-11 Islamabad, F-11, Islamabad (propertiesinpakistan.pk)
- Malik Riaz and son yet to be arrested in 1,401-kanal land scam (politicalclowns.wordpress.com)
- 1 Kanal Upper Portion Furnished Available for Rent in Dha Lahore Phase 160 (lahorerental.wordpress.com)
- Lahore Homes for Sale (lahorerental.wordpress.com)
- Remand of 5 executives extended (nation.com.pk)
- FIA submits report to court; judicial remand of MNA extended (propertiesinpakistan.pk)