LAHORE: Commissioner Lahore and Director-General of Lahore Development Authority (LDA), Mohammad Ali Randhawa, jointly chaired a meeting to discuss the auction of LDA’s plots and properties.
The meeting concluded that the online bidding process should be adopted in addition to the general procedure for the auction.
کمشنر لاہور و ڈی جی ایل ڈی اے محمد علی رندھاوا کی زیر صدارت اجلاس۔ایل ڈی اے کےپلاٹس و دیگراملاک کی نیلامی کے لیے جنرل طریقہ کار کے ساتھ ساتھ آن لائن بڈنگ کے عمل کو بھی اپنایا جائے۔آن لائن بڈنگ کا مقصد اندرون و بیرون ملک سے زیادہ سے زیادہ سرمایہ کاروں تک پہنچنا ہے@RandhawaAli pic.twitter.com/evKGXvNGXq
— Commissioner Lahore Division (@commissionerlhr) May 9, 2023
The main objective behind introducing online bidding is to expand the reach of potential investors, both within the country and abroad. By adopting this modern method, LDA aims to attract a more significant number of interested parties.
The meeting highlighted the significance of adopting technological advancements in the auction process and recommended that the relevant authorities take necessary steps to ensure the implementation of online bidding for LDA’s upcoming auctions.
This decision is expected to bring more transparency and convenience to the bidding process while also facilitating wider participation of investors.
LDA is confident that adopting online bidding will enhance its credibility and encourage more people to invest in its projects.
