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Real Estate Trends discussions and advice. Participate in ongoing dicussions and get invaluable Real Estate Trends advice from people who are experts in their industries or start a new Real Estate Trends discussion.
Daihatee
( 15 posts )

[4 Replies]
I give my observation of residential plots auction by cda today. There was unusually high enthusiasm. More than 100 tokens sold by 10 am. I witnessed following auctions for g-10/2 plots (40x80). All in street 12 in one line. Price is per square yard for 355.5. In addition 5% wh tax.
478: 60000
479: 58000
480: 58000
481: 60000
482:60500
484: 64500
487: 63000
495: 66500
I feel cda will accept all above 60000. Is'nt it very good. Any comments?

    2310 days ago In Real Estate Trends
    Post Answer
    Talib-e-ghil..
    (248 posts)
    What is a cda auction and what does it portray? Is it for commercial plots which they want higher prices or for a new society to create buzz?
      2306 days ago 

      Daihatee
      (15 posts)
      Cda auctions different properties that it owns whenever it needs money. These include commercial as well as residential plots. Cda does not have socities. It is a semiautonomous government institution taking care of development of islamabad. The above is just a report of residential plot auctions that was carried out on 25th. It reflects the current prices in the developed sectors. (g-10 is fully developed and inhabited for the last 20 + years). For full detail see any website for example:
      Http://www.Thenews.Com.Pk/todays-news-6-167826-cda-earns-rs32b-from-two-day-auction-o
        2306 days ago 

        Talib-e-ghil..
        (248 posts)
        Thanks bro for this great effort in explaining to me.
        It seems like a very good option for getting the properties at possibly at a cheaper price( by chance of cource).
          2305 days ago 

          Daihatee
          (15 posts)
          It is not cheaper, however it is authentic and fully developed, so hassle free. May allah bless u.
            2305 days ago 

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