Islamabad: The Capital Development Authority (CDA) on Tuesday stated that it had received ‘an even more enthusiastic response’ during the second day of its three-day auction event for plots, according to news sources.
CDA Spokesperson Mazhar Hussain stated the authority during the first day had received bids to the tune of PKR 3.5 billion against five commercial plots, whereas the bids notified for the CDA auction second day amounted to PKR 15.5 billion for nine commercial plots.
During the auction, commercial plots from Blue Area, Sector G-11/3, Sector F-10, Diplomatic Enclave, Orchard Scheme, Industrial Triangle Kahuta, and Industrial area I-10/3 were presented.
The proceedings will continue for a third day on Wednesday. According to Hussain, the public response and receipt of PKR 19 billion in two days for 14 plots ‘attests to the confidence of investors in the policies of the incumbent CDA administration’. The CDA Board will grant the final approval to the proposed bids.
Moreover, the three-day auction is being supervised by a 10-member committee headed by Member Finance of the civic authority.
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
