Lahore: The Central Business District (CBD) in Punjab has successfully concluded its third auction of commercial plots, generating a significant revenue of PKR 6.55 billion, as reported in a news article on May 24. This milestone reinforces CBD Punjab’s status as a premier business hub in the region, building on the successes of its previous two auctions.
According to the details, the auction featured three prime mixed-use commercial plots in the prestigious CBD Punjab Business Bay, attracting bidders from all over Pakistan. Notable participants included Zameen.com, BSM Developers, Enrichers Investment Group, Banu Mukhtar, and Grand City. The competitive bidding underscored the strategic importance and investment potential of these plots.
CBD Punjab Business Bay 1: Spanning 8.73 kanals with a Floor Area Ratio (FAR) of 1:16, acquired by BSM Developers for PKR 2.32 billion.
CBD Punjab Business Bay 2: Measuring 8.89 kanals, secured by Zameen.com for PKR 2.15 billion, showcasing Zameen.com’s commitment to prime commercial real estate.
CBD Punjab Business Bay 3: Measuring 6 kanals, sold to BSM Developers for PKR 2.08 billion.
As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.
