CDA expecting Rs 4bn from plot auction

ISLAMABAD: The Capital Development Authority (CDA) is expecting a revenue of Rs 4 billion from the two-day auction of commercial plots.

During the auction of commercial plots, the CDA auctioned 14 commercial plots successfully.

A sum of Rs 1 billion would be received in first phase of the auction. However, the auction committee would submit its recommendations to the CDA Board, which is the final authority for approval of these bids. The CDA auctioned four commercial plots in Sector I11/4 and four plots in I8 Markaz, three plots in F11 Markaz and one plot each in F8 Markaz, sectors I10/3 and G5. app