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CDA Produces Double Projected Revenue from Plots Auction

According to news reports, the Capital Development Authority (CDA) raised PKR 37.945 billion at the two-day auction of 24 commercial plots in the business districts of the federal capital, nearly double the estimated sum of PKR 20 billion.

Read: Reasons to Invest in 7 Wonders City Islamabad

On the second day of the auction, the CDA received offers totaling PKR 17.5 billion for eleven properties. On the first day of the auction, it received bids totaling PKR 20 billion for 13 properties. A 7,000-square-yard property in the Blue Area garnered the highest bid and was sold for PKR 8.79 billion, the highest price ever paid at a CDA auction.

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In addition, bids of PKR 3.35 billion and PKR 1.64 billion were submitted for a site in Blue Area and Diplomatic Enclaves, respectively.

According to CDA Chairman Amir Ali Ahmad, the auction committee will accept the highest offers made, and the funds obtained thus far would be utilized to fund development initiatives, notably the long-delayed restoration and building of Sector I-12.

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You can also invest in other famous and most in demand housing societies, such as , Blue World City,  Rudn Enclave7 Wonders City PeshawarTaj ResidenciaKingdom Valley,  New Metro City Gujar KhanForest Town RawalpindiUniversity Town RawalpindiICHS TownPark View City IslamabadMulti Gardens B17 Islamabad and Nova City Islamabad.

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Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2Prism Town Gujar KhanNew City ParadiseEighteen Islamabad7 Wonders City IslamabadCapital Smart City,  Silver City IslamabadThe Life Residencia,  Faisal Town IslamabadIslamabad Golf CityIslamabad Model Town and Marble Arch Enclave.

Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.

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