Lahore: The Lahore Development Authority (LDA) is set to hold a public auction for leasing rights of shops and parking area of Park & Ride Plaza in Gulberg, according to their official notification on September 19.
As per the provided information, this auction is scheduled to take place on Wednesday, October 4, 2023, at 10 AM, and will be held at the LDA Community Centre located at 9, Sook Centre, Garden Town Scheme, Lahore. The LDA claims to have an excellent opportunity for investors and business owners looking to secure prime real estate in a strategic location.
One of the properties up for auction is the entire first floor of Park & Ride Plaza, situated at Liberty Roundabout in Gulberg. This commercial space covers a substantial area of about 7,604 square feet. On winning the bid, the customer will get a 5-year lease with a generous 3-month grace period. A security deposit of PKR 4.6 million for participation and the starting bid price is set at PKR 150 per square foot per month. The authority will also auction leasing rights of a 7-floor parking plaza in the building. Those interested in participating in this auction can reach out to the Director Housing – X (Actions and Elements) at the LDA, Government of Punjab.
Their office is located at D/I-467 Firdousi Street, Main Boulevard, Johar Town, Lahore. You can contact them via phone at 0322-8888460 or send an email to auctions@lda.gop.pk. You can also find more information on the official Lahore Development Authority’s website.
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.
