{"id":84503,"date":"2022-03-11T12:26:35","date_gmt":"2022-03-11T07:26:35","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=84503"},"modified":"2022-03-11T12:26:41","modified_gmt":"2022-03-11T07:26:41","slug":"lahore-downtown-bags-pkr-35-bn-from-open-auction","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/lahore-downtown-bags-pkr-35-bn-from-open-auction.html","title":{"rendered":"Lahore Downtown bags ‘record’ PKR 35 bn from open auction"},"content":{"rendered":"\n

Lahore:\u00a0 The Lahore Central Business District Development Authority (LCBDDA) \u2013 in an open auction \u2013 auctioned off seven plots for a record accumulative sum of PKR 34.7 billion during a bidding session that was held on Thursday (March 10). The plots, located on the Main Boulevard Gulberg, were auctioned off to participants in a private hotel.<\/p>\n\n\n\n

Read:<\/strong> LCBDAA announces auction date for seven commercial plots in Lahore Downtown<\/a><\/p>\n\n\n\n

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Source: Central Business District Punjab Facebook<\/em><\/figcaption><\/figure>\n\n\n\n

On the occasion, LCBDDA Chief Executive Officer (CEO) Imran Amin said that the high amount collected and the overwhelming response for Lahore Downtown reflects the confidence of people in the initiatives of the authority. He also highlighted the significance and originality of the project, saying that the people\u2019s interest in the project is because of the favourable bylaws regarding height (500+ft and FAR-Floor area ratio of 1:15). He said that the local real-estate sector is growing, and Lahore\u2019s first Downtown will be the crown jewel.<\/p>\n\n\n\n

Read:<\/strong> LCBDA kicks-off two-month apprenticeship for fresh graduates<\/a><\/p>\n\n\n\n

During the auction, the authority received the following offers for Downtown plots measuring 12 to 14 kanals:<\/p>\n\n\n\n