LAHORE: The Lahore Development Authority (LDA) organized a grand public auction of plots where 14 plots, located in Sabzazar, Tajpura, Jubilee Town, and Avenue One were auctioned.
The auction generated over Rs. 13 crores, which included 6 commercial and 8 residential plots, and some went off for high prices.
The plot numbers of the auctioned plots are as follows and prices are as follows:
- Plot No. 504-A (Corner) Block C Sabzazar (Commercial)
- Plot No. 545, Block D Tajpura (Commercial)
- Plot No 546 Block D Tajpura (Residential)
- plot No 54 Block E Tajpura (Residential)
- Plot No55 (Corner) Block E Tajpura (Residential)
- Plot No 571 (Corner) Block B Jubilee Town
- Plot No 578 Block C Jubilee Town (Residential)
- Plot No 579 Block C Jubilee Town (Residential)
- Plot No 775 corner block D Jubilee Town (Residential)
- Plot No 542 block F Jubilee Town (Residential)
The auction was held under the supervision of members of the auction committee, including the director of finance, director of housing, and other officers concerned, who read out the terms and conditions on the occasion.
Besides, the auction of plots by LDA has generated a significant amount of revenue for the government, and it is expected to boost the development of the areas where the plots are located.
