{"id":83856,"date":"2022-02-14T11:54:12","date_gmt":"2022-02-14T06:54:12","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=83856"},"modified":"2022-02-14T11:54:17","modified_gmt":"2022-02-14T06:54:17","slug":"2nd-auction-of-commercial-plots","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/2nd-auction-of-commercial-plots.html","title":{"rendered":"&#8216;Huge response expected during Lahore Central Business District&#8217;s 2nd auction&#8217;"},"content":{"rendered":"\n<p>Lahore: The Lahore Central Business District Development Authority (LCBDDA) expects a huge response from the business community during its upcoming 2nd auction of commercial plots, according to a news story published on Friday (February 11). Its location and exceptional approach to downtown have grabbed the attention of many international and national investors.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/lcbdda-invites-pre-launch-interest-commercial-plots.html\" target=\"_blank\" rel=\"noreferrer noopener\">LCBDDA opens pre-launch registrations for 7 commercial plots in Gulberg<\/a><\/p>\n\n\n\n<p>As per the details, the authority has started preparations for the <a href=\"https:\/\/www.zameen.com\/news\/lcbdda-commercial-downtown-lahore.html\" target=\"_blank\" rel=\"noreferrer noopener\">auction of commercial plots<\/a> that will be held on February 23, 2022. It is important to note that the auction will include 7 commercial plots of different sizes ranging from 12 kanals to 14 kanals \u2013 located on Main Boulevard, Gulberg, Lahore. The downtown of Lahore spans over an area of 92 kanals.\u00a0<\/p>\n\n\n\n<p>Reportedly, the commercial plots are offered on a convenient payment plan. The bidders will pay 10% in the 45 days of the bid acceptance and the remaining amount will be paid in 60 months. Also, it was highlighted that downtown will feature mega high-rise developments with favorable bylaws and one-window operation service for all investors. LCBDDA Executive Director Commercial Mohammad Omer stated that the mixed-use commercial plots, available on a buy and build basis, can be used for the construction of ultra-high-rise towers, digital hubs, business centres, and financial towers.<\/p>\n\n\n\n<p>Moreover, LCBDDA Executive Director Commercial Mohammad Omer notified that the reserve price of the commercial plots will be announced soon. The authority has planned \u2018Smart City Mission\u2019 \u2013 an initiative that will be beneficial for residents across Central Business District (CBD).\u00a0<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/lcbdda-auction-5-plots-bags-21-bn-revenue.html\" target=\"_blank\" rel=\"noreferrer noopener\">LCBDDA auctions off 5 plots in \u2018Lahore Prime\u2019 project for 21 billion<\/a><\/p>\n\n\n\n<p>It is pertinent to note that the LCBDDA was able to secure a hefty investment of PKR 24 billion in the first round of the auction last year.&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: The Lahore Central Business District Development Authority (LCBDDA) expects a huge response from the business community during its upcoming 2nd auction of commercial plots, according to a news story published on Friday (February 11). Its location and exceptional approach to downtown have grabbed the attention of many international and national investors. Read: LCBDDA opens pre-launch registrations for 7 commercial plots in Gulberg As per the details, the authority has started preparations for the auction of commercial plots that will be held on February 23, 2022. It is important to note that the auction will include 7 commercial plots of different sizes ranging from 12 kanals to 14 kanals \u2013 located on Main Boulevard, Gulberg, Lahore. The downtown of Lahore spans over an area of 92 kanals.\u00a0 Reportedly, the commercial plots are offered on a convenient payment plan. The bidders will pay 10% in the 45 days of the bid acceptance and the remaining amount will be paid in 60 months. Also, it was highlighted that downtown will feature mega high-rise developments with favorable bylaws and one-window operation service for all investors. LCBDDA Executive Director Commercial Mohammad Omer stated that the mixed-use commercial plots, available on a buy and build&hellip;<\/p>\n","protected":false},"author":83,"featured_media":78669,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[45835,51121,51122],"persona":[],"class_list":{"0":"post-83856","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-central-business-district-in-lahore","9":"tag-commercial-plots-for-auction-in-cbd","10":"tag-huge-response-expected-during-lahore-central-business-districts-2nd-auction-2","11":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Huge response expected during Lahore CBD&#039;s 2nd auction- Zameen News<\/title>\n<meta name=\"description\" content=\"The Lahore Central Business District Development Authority (LCBDDA) expects a huge response from the business community during its upcoming....\" \/>\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\/2nd-auction-of-commercial-plots.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Huge response expected during Lahore CBD&#039;s 2nd auction- Zameen News\" \/>\n<meta property=\"og:description\" content=\"The Lahore Central Business District Development Authority (LCBDDA) expects a huge response from the business community during its upcoming....\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/2nd-auction-of-commercial-plots.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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