CDA gets Rs4.47b worth bids

ISLAMABAD – The Capital Development Authority (CDA) – after two-day open auction of residential and commercial plots – has received bids worth Rs 4.47 billion.

On Tuesday, the authority was supposed to offer 14 commercial plots meant for construction of filling stations, medium rise apartments, economy flats etc for auction, however, the auction committee unanimously decided to withdraw four plots from the auction process owing to time constraints or less bids offered.

As many as 10 commercial plots collectively fetched bids worth Rs 4.32 billion. Around 120 bidders took part in auction process during the second day of auction. A senator belonging to Awami National Party (ANP) also participated the auction and offered the highest bid against a plot located in famous Blue Area.

On Monday – on the first day of two-day open auction of residential and commercial plots – CDA has received bids worth Rs 149.82 million against 10 residential plots located in Sector G-10/2. Continue reading