{"id":78503,"date":"2021-08-05T12:13:50","date_gmt":"2021-08-05T07:13:50","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=78503"},"modified":"2021-08-05T12:13:55","modified_gmt":"2021-08-05T07:13:55","slug":"cda-raises-pkr-20-billion-on-first-day-of-auction","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cda-raises-pkr-20-billion-on-first-day-of-auction.html","title":{"rendered":"CDA raises PKR 20 billion on first day of auction"},"content":{"rendered":"\n<p>Islamabad: The Capital Development Authority (CDA) on Wednesday (August 4) raised PKR 20.35 billion through the auction of 13 properties in various areas of Islamabad, according to a news report. The two-day event received an overwhelming response from investors \u2014 with the authority reaching its goal amount on the first day by auctioning off 13 of the total 29 plots up for sale.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/auction-blue-area-developed-sectors-aug-45.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA to auction commercial plots in August<\/a><\/p>\n\n\n\n<p>On the first day of the auction, the authority managed to sell off four commercial plots in I-8, two plots in G-10 Markaz, one plot in F-11 Markaz, two plots in I-12 Markaz, and four plots in <a href=\"https:\/\/www.zameen.com\/news\/cda-approves-design-plans-for-two-parking-plazas-in-blue-area.html\" data-type=\"post\" data-id=\"76413\" target=\"_blank\" rel=\"noreferrer noopener\">Blue Area<\/a>. The highest bid was received for a plot located in I-8 worth PKR 6.5 billion. \u00a0<\/p>\n\n\n\n<p>According to CDA Chairman Amer Ali Ahmed, the proceeds from the sale of these commercial plots will be used for public welfare initiatives, particularly the development of Sector I-12. This project has remained on the back burner for quite some time and a significant part of the revenue from the aforementioned sales is expected to be utilised to fund the sector\u2019s expansion, allowing more housing units to be built in the area.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-auction-second-day-authority-reports-on-enthusiastic-response-from-bidders.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA Auction Second Day: Authority reports on \u2018enthusiastic response\u2019 from bidders<\/a><\/p>\n\n\n\n<p>The remaining plots, including some of the most expensive plots in Sector D-12, will be auctioned off today (August 5).<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Capital Development Authority (CDA) on Wednesday (August 4) raised PKR 20.35 billion through the auction of 13 properties in various areas of Islamabad, according to a news report. The two-day event received an overwhelming response from investors \u2014 with the authority reaching its goal amount on the first day by auctioning off 13 of the total 29 plots up for sale. Read: CDA to auction commercial plots in August On the first day of the auction, the authority managed to sell off four commercial plots in I-8, two plots in G-10 Markaz, one plot in F-11 Markaz, two plots in I-12 Markaz, and four plots in Blue Area. The highest bid was received for a plot located in I-8 worth PKR 6.5 billion. \u00a0 According to CDA Chairman Amer Ali Ahmed, the proceeds from the sale of these commercial plots will be used for public welfare initiatives, particularly the development of Sector I-12. This project has remained on the back burner for quite some time and a significant part of the revenue from the aforementioned sales is expected to be utilised to fund the sector\u2019s expansion, allowing more housing units to be built in the area. Read: CDA&hellip;<\/p>\n","protected":false},"author":84,"featured_media":75427,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013],"tags":[3827,47294],"persona":[],"class_list":{"0":"post-78503","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-construction","8":"tag-cda-auctioning-commercial-plots","9":"tag-cda-raises-pkr-20-billion-on-first-day-of-auction","10":"cat-15013-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CDA raises PKR 20 billion on first day of auction - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Capital Development Authority (CDA) on Wednesday (August 4) raised PKR 20.35 billion through the auction of 13 properties in various areas\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/cda-raises-pkr-20-billion-on-first-day-of-auction.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDA raises PKR 20 billion on first day of auction - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Capital Development Authority (CDA) on Wednesday (August 4) raised PKR 20.35 billion through the auction of 13 properties in various areas\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cda-raises-pkr-20-billion-on-first-day-of-auction.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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