{"id":78550,"date":"2021-08-06T14:51:07","date_gmt":"2021-08-06T09:51:07","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=78550"},"modified":"2021-08-06T14:51:12","modified_gmt":"2021-08-06T09:51:12","slug":"cda-bags-double-expected-plots-auction","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cda-bags-double-expected-plots-auction.html","title":{"rendered":"CDA generates almost double the expected revenue from plots auction"},"content":{"rendered":"\n

Islamabad: The Capital Development Authority (CDA) on Thursday (August 5) raised PKR 37.945 billion during the two-day auction of 24 commercial plots in the federal capital\u2019s business areas, nearly double the estimated amount of PKR 20 billion<\/a>, news sources reported.\u00a0\u00a0<\/p>\n\n\n\n

Read:<\/strong> CDA approves design plans for two parking plazas in Blue Area<\/a><\/p>\n\n\n\n

As per the details, the CDA received bids of PKR 17.5 billion for 11 plots on the second day of the auction. While it received PKR 20 billion offers for 13 plots on the first day of the auction. The highest offer was received for a 7,000 square-yard plot in the Blue Area, which was sold for PKR 8.79 billion, the highest in the CDA auction’s history.<\/p>\n\n\n\n

Read:<\/strong> CDA mulls launching \u2018Islamabad Bus Service\u2019<\/a><\/p>\n\n\n\n

Furthermore, another plot in Blue Area and Diplomatic Enclaves received a bid of PKR 3.35 billion and 1.64 billion respectively. The highest bids received, according to CDA Chairman Amir Ali Ahmad, will be accepted by the auction committee, and the revenue generated thus far will be used to fund development projects, specifically the rehabilitation and construction of Sector I-12, which has been put on hold for quite some time.<\/p>\n","protected":false},"excerpt":{"rendered":"

Islamabad: The Capital Development Authority (CDA) on Thursday (August 5) raised PKR 37.945 billion during the two-day auction of 24 commercial plots in the federal capital\u2019s business areas, nearly double the estimated amount of PKR 20 billion, news sources reported.\u00a0\u00a0 Read: CDA approves design plans for two parking plazas in Blue Area As per the details, the CDA received bids of PKR 17.5 billion for 11 plots on the second day of the auction. While it received PKR 20 billion offers for 13 plots on the first day of the auction. The highest offer was received for a 7,000 square-yard plot in the Blue Area, which was sold for PKR 8.79 billion, the highest in the CDA auction’s history. Read: CDA mulls launching \u2018Islamabad Bus Service\u2019 Furthermore, another plot in Blue Area and Diplomatic Enclaves received a bid of PKR 3.35 billion and 1.64 billion respectively. The highest bids received, according to CDA Chairman Amir Ali Ahmad, will be accepted by the auction committee, and the revenue generated thus far will be used to fund development projects, specifically the rehabilitation and construction of Sector I-12, which has been put on hold for quite some time.<\/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":[20385],"tags":[39978,3827,47317],"persona":[],"class_list":{"0":"post-78550","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"tag-blue-area-islamabad","9":"tag-cda-auctioning-commercial-plots","10":"tag-cda-generates-almost-double-the-expected-revenue-from-plots-auction","11":"cat-20385-id"},"acf":[],"yoast_head":"\nCDA bags double the revenue expected from plots auction- Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Capital Development Authority (CDA) on Thursday (August 5) raised PKR 37.945 billion during the two-day auction of 24 commercial plots in\" \/>\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-bags-double-expected-plots-auction.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDA bags double the revenue expected from plots auction- Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Capital Development Authority (CDA) on Thursday (August 5) raised PKR 37.945 billion during the two-day auction of 24 commercial plots in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cda-bags-double-expected-plots-auction.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News & Pakistan Property News & Latest Updates - 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