CDA Sells Commercial Plots Worth Over Rs. 18 Billion in Just Two Days

Capital Development Authority received a full review on the second day of the auction of the plots.

15 plots have been sold for over Rs. 18.50 billion in the auction so far. The auction of the plots will also be held at Jinnah Convention Centre on May 31.

Oversight of the auction is being conducted by the auction committee chaired by CDA Member Finance.

Other members of the committee are Member State, Member Planning & Design, DFA-II, DG Law, Director Urban Planning, Director Regional Planning, Director Estate Management-II, and Director Finance. Are.

It is clear that the committee has made effective arrangements to make the public auction transparent and competitive atmosphere. As a result, investors are increasingly participating in the bidding and getting plots of their choice.

The bids received will be presented before the CDA Board after a thorough verification which is the authorized forum for approval or rejection of bids.

  • List of successful bidders and their source of income should be made public by CDA

  • This money should be utilized for the development of CDA sectors like D13, E12&13, C16&15 along with the repair work in different sectors, like G-9, G10 and F6 because there is a lot to do in Sewerage side, road repairing, transportation and plantation etc. Chairman CDA is humbly requested to take care of everything.

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