{"id":16951,"date":"2023-06-01T12:33:49","date_gmt":"2023-06-01T07:33:49","guid":{"rendered":"https:\/\/propakistani.pk\/proproperty\/?p=16951"},"modified":"2023-06-01T12:34:07","modified_gmt":"2023-06-01T07:34:07","slug":"lack-of-investor-interest-only-one-plot-auctioned-in-three-day-capital-auction","status":"publish","type":"post","link":"https:\/\/propakistani.pk\/proproperty\/lack-of-investor-interest-only-one-plot-auctioned-in-three-day-capital-auction\/","title":{"rendered":"Lack of Investor Interest: Only One Plot Auctioned in Three-Day Capital Auction"},"content":{"rendered":"<p>ISLAMABAD: The three-day auction organized by the Capital Development Authority (CDA) witnessed a lack of investor interest in commercial plots in the highly sought-after areas of the federal capital.<\/p>\n<p>According to sources, on Wednesday, only a single plot was auctioned, reflecting the minimal enthusiasm among investors.<\/p>\n<p>The auction committee accepted the highest bid of slightly over Rs. 820 million for a petrol pump plot measuring 2222.22 square yards in Markaz D-12.<\/p>\n<p>The reserve price for this plot started at around Rs750 million and eventually closed at over Rs. 820 million.<\/p>\n<p>Besides, the CDA claimed to have generated a total of Rs. 19.35 billion from the auction of 17 plots out of the 45 plots available for bidding.<\/p>\n<div style=\"clear:both; margin-top:0em; margin-bottom:1em;\"><a href=\"https:\/\/propakistani.pk\/proproperty\/cda-announces-auction-of-commercial-plots-in-developed-sectors-of-islamabad\/\" target=\"_blank\" rel=\"dofollow\" class=\"u9f02f317ff0bc3898bc107862b625a4f\"><style> .u9f02f317ff0bc3898bc107862b625a4f { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#2C3E50; border:0!important; border-left:4px solid #F1C40F!important; text-decoration:none; } .u9f02f317ff0bc3898bc107862b625a4f:active, .u9f02f317ff0bc3898bc107862b625a4f:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u9f02f317ff0bc3898bc107862b625a4f { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u9f02f317ff0bc3898bc107862b625a4f .ctaText { font-weight:bold; color:#F1C40F; text-decoration:none; font-size: 16px; } .u9f02f317ff0bc3898bc107862b625a4f .postTitle { color:#eaeaea; text-decoration: underline!important; font-size: 16px; } .u9f02f317ff0bc3898bc107862b625a4f:hover .postTitle { text-decoration: underline!important; } <\/style><div style=\"padding-left:1em; padding-right:1em;\"><span class=\"ctaText\">ALSO READ<\/span>&nbsp; <span class=\"postTitle\">CDA Announces Auction of Commercial Plots in Developed Sectors of Islamabad<\/span><\/div><\/a><\/div>\n<p>The CDA received the highest bids for several plots, including a commercial plot measuring 4888.88 square yards in Blue Area (G-6\/F-6) for Rs. 7.8 billion, a 700 square yards plot for Rs. 1.7 billion, and a petrol pump plot in sector H-9 for Rs. 3.35 billion.<\/p>\n<p>It is worth noting that the previous auction of commercial and residential plots took place four months ago, generating over Rs. 40 billion from the sale of 33 plots.<\/p>\n<p>The CDA had organized the current auction to raise funds for ongoing and new development projects.<\/p>\n<p>However, considering the limited response from investors, the authority is unlikely to hold another auction in the next six months.<\/p>\n<p>It is also important to note that the acceptance of the highest bids is subject to approval by the CDA board, which is expected to convene in the coming days.<\/p>\n<p>The Chairman, Captain (Retd) Noorul Amin Mengal, through a statement issued by the CDA&#8217;s media wing, commended the auction committee for their successful, efficient, and transparent handling of the auction.<\/p>\n<p><em>Source: The News<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The three-day auction organized by the Capital Development Authority (CDA) witnessed a lack of investor interest in commercial plots in the highly sought-after areas of the federal capital. According to sources, on Wednesday, only a single plot was auctioned, reflecting the minimal enthusiasm among investors. The auction committee accepted the highest bid of slightly over Rs. 820 million for a petrol pump plot measuring 2222.22 square yards in Markaz\u2026<\/p>\n","protected":false},"author":3,"featured_media":15822,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-16951","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"img_urls":{"thumbnail":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/05\/CDA-to-Auction-45-Plots-to-Raise-Funds-for-Development-Projects.jpg",1000,560,false],"medium":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/05\/CDA-to-Auction-45-Plots-to-Raise-Funds-for-Development-Projects.jpg",1000,560,false],"full":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/05\/CDA-to-Auction-45-Plots-to-Raise-Funds-for-Development-Projects.jpg",1000,560,false]},"author_name":"Firas Qureshi","categories_name":["News"],"title_text":"Lack of Investor Interest: Only One Plot Auctioned in Three-Day Capital Auction","related_stories":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts?filter&per_page=4&categories=5&exclude=16951","_links":{"self":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/16951","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/comments?post=16951"}],"version-history":[{"count":0,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/16951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media\/15822"}],"wp:attachment":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media?parent=16951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/categories?post=16951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/tags?post=16951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}