Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Three plots auctioned in March forfeited by bidders
05-18-2013, 03:04 PM
Post: #1
Three plots auctioned in March forfeited by bidders
Islamabad: The property mafia has once again spread its tentacles to incur a huge loss to the Capital Development Authority (CDA) after getting three commercial plots, which were auctioned in the last open auction about two months back, cancelled.



Interestingly, all three commercial plots, measuring 1,333 square yards each, which were auctioned in the last week of March, had been cancelled and the civic body confiscated Rs5 million token money deposited by three successful bidders.



Now all these three plots have been placed in the list of commercial plots, which would be offered for open auction on May 21 and May 22 at the Pak-China Centre. “It is not a coincidence that the auction of all three commercial plots in Blue Area had been cancelled rather it is a part of some game planned by the property mafia with the connivance of CDA officials,” sources in the CDA said.



The three plots were auctioned for over Rs1.8 billion, but the auction stood cancelled.CDA Chairman Syed Tahir Shahbaz, when contacted, confirmed that the three plots would again be offered in the open auction.



He said the successful bidders of the open auction held in March this year failed to deposit the payment due against them and therefore the token money of Rs5 million deposited by them has been forfeited.



However, he said that he was not aware of the fact whether any official of the CDA was involved in any game of property mafia. “May be, there is some involvement of CDA officials, but I am not aware of it,” the CDA chairman said.
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  LDA Announced To Hand Over Possession Of Plots In LDA Avenue 1 From 31th March Salman 0 14,124 03-26-2014 06:06 PM
Last Post: Salman
  LDA Auctioned Six Commercial And Nine Residential Plots ... Salman 0 5,116 03-14-2014 05:47 PM
Last Post: Salman
  LDA Auctioned 34 Commercial Plots In Lahore Salman 0 4,945 02-15-2014 06:12 PM
Last Post: Salman
  Seven LDA plots auctioned Salman 0 5,250 12-17-2013 02:43 PM
Last Post: Salman
  LDA Auctioned The Property Salman 0 3,194 05-07-2013 06:35 PM
Last Post: Salman
  LDA shops auctioned Salman 0 3,644 02-15-2013 12:52 PM
Last Post: Salman
  CDA receives lacklustre response from bidders Salman 0 3,574 12-19-2012 05:25 PM
Last Post: Salman
  Lahore Development Auctioned 13 Properties in Lahore Salman 0 9,501 09-24-2012 04:13 PM
Last Post: Salman
  12 commercial plots auctioned Salman 0 4,449 09-12-2012 11:32 AM
Last Post: Salman
  Nine properties auctioned by LDA Salman 0 3,625 05-10-2012 01:49 PM
Last Post: Salman
  CDA seeks bidders for more plots Salman 0 3,277 05-01-2012 01:48 PM
Last Post: Salman
  Five plots auctioned for Rs 43.6 million by LDA Salman 0 3,237 03-08-2012 02:45 PM
Last Post: Salman
  LDA Auctioned plots in Model Town Salman 0 3,819 01-31-2012 03:39 PM
Last Post: Salman
  Petrol pump plots to be auctioned to OMCs: CDA Salman 0 4,241 11-23-2011 01:29 PM
Last Post: Salman
  LDA plot reserved for super store auctioned Lahore_Real_Estate 0 3,373 10-06-2011 03:11 PM
Last Post: Lahore_Real_Estate
  Affected people say they will resist construction on auctioned plots Lahore_Real_Estate 0 3,446 09-26-2011 03:22 PM
Last Post: Lahore_Real_Estate
  13 shops auctioned in Park & Ride Plaza Lahore_Real_Estate 0 3,145 01-27-2011 02:50 PM
Last Post: Lahore_Real_Estate
  CDA auctioned 93 plots in three years, Senate told Lahore_Real_Estate 0 3,133 05-13-2010 01:16 PM
Last Post: Lahore_Real_Estate
  Islamabad: Impounded vehicles to be auctioned Naveed Yaseen 0 3,212 10-02-2009 08:56 AM
Last Post: Naveed Yaseen
  Islamabad: CDA to auction 5 commercial plots to pre-qualified bidders Naveed Yaseen 0 3,008 09-01-2009 07:47 AM
Last Post: Naveed Yaseen

Forum Jump:


User(s) browsing this thread: 1 Guest(s)