CDA Sells Four Plots on First Day of Auction

News Desk

Islamabad: The Capital Development Authority (CDA) on Wednesday sold four plots on the first day of auction.

On the first day of the auction, a large number of investors participated, and intense competition was seen in which plots were auctioned for Rs7.796 billion.

The three-day auction of plots will continue until January 12 at Gandhara Centre in F-9 Park, Islamabad.

According to the details, on the first day of the three-day public auction of commercial plots, plot number 9 of the blue area was sold for Rs 4.453 billion. Plot No. 53H, located in the I-8 centre of Islamabad, was auctioned for Rs 1.46 billion.

Similarly, Plot No. 53F, located in Centre I-8, was auctioned for Rs 1.15 billion. Plot No. 9A, located in I-14 Centre, has been auctioned for Rs 653 million.

Commercial plots of different categories are being offered for investment in the developed commercial centers of Islamabad in a public auction.

The auction is being supervised by the Auction Committee headed by CDA Member Finance, whose secretary is Director State Management II. Other members of the committee are Member State, Member Planning and Design, Member Technology Digitalization, DFA-II, DG Law, Director Urban Planning, Director Regional Planning, Director Public Relations, and Director Finance.