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Five Commercial Zone Plots Auctioned for Rs21.5bn in Lahore

At an open auction in Johar Town, the Lahore Central Business District Development Authority (LCBDDA) sold five commercial plots for Rs 21.588 billion after receiving the highest bid from four companies, including a Turkish real estate corporation.

Read: Federal Government Seeks Foreign Investment for Ring Road

The government sold the 18-kanal Prime-1 Plot at auction for Rs 7.623 billion (Rs 424 million per kanal) after receiving the highest bid from Nova City Developers and Bayraktar Insaat. The 11-kanal Prime-2 land was auctioned for Rs 4,202 billion (Rs 382 million per kanal) after ASE-Hasnat placed the highest bid of Rs 4,202 billion. M Abbas Khan purchased a 10-kanal Prime-3 land for Rs 2,840 billion (Rs 284 million per kanal) (highest price bidder).

The 10 kanal Prime-4 and 5 plots were auctioned off for Rs 4.069 billion and Rs 2.845 billion (Rs 313 million and Rs 284.5 million per kanal) after the Pakistan Corporate Consortium submitted the highest bid.

Read: CDA Received Bids for Islamabad Expressway Project

The first phase of Lahore Prime under CBD will generate 250 billion rupees in taxes for the government, while the generation of 1,300 billion rupees in revenues will add to the significance of the project.

Please contact Al Sadat Marketing for further assistance.

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.

Book Your Plot Now: +92 331 111 0005

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