LDA auctions 8 plots

[Lahore_Real_Estate]

LAHORE - The Lahore Development Authority (LDA) auctioned two commercial and six residential plots situated in various housing schemes of LDA, against a sum of Rs 41.79 million on Thursday.
The open auction of 24 residential and 11 commercial plots was held in the LDA Community Centre. The LDA auction committee comprised of LDA Finance, Estate Management and Land Development directors.
The Per marla base price of these plots had been estimated by the approved evaluators of the State Bank of Pakistan. For commercial plots, the plot no 305/28, block H3, Johar Town, measuring 250.9 square metres was auctioned against Rs 1120,000 per marla. The plot no 305/26 block H3, Johar Town, measuring 250.9 square metres was auctioned against Rs 1116,000. For residential plots, the maximum bid was offered for plot no 255-E block P, Sabazazar, measuring 114 square meters. It was auctioned against Rs 431,000 per marla. Whereas, the minimum bid was offered for plot no 721 block D, Sabazazar, measuring 209.26 square meters. It was auctioned against Rs 284,000 per marla. The auction of remaining plots had to be postponed as no bid was offered for them.