Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
Revenue generation: LDA auctions rooftop restaurant, plots
09-26-2014, 03:56 PM
Post: #1
Revenue generation: LDA auctions rooftop restaurant, plots
LAHORE: The Lahore Development Authority auctioned tenancy rights to a rooftop restaurant at the Park N Ride Plaza, Liberty Market on Thursday.
The restaurant, located at the plaza’s 10th floor, was leased for Rs15.76 million per year. The lowest bid for the highest rooftop restaurant of the city, covering an area of 9,000 square feet, had been fixed as Rs60 per square foot per month.
The winning bid was Rs146 per square foot, amounting to Rs1.34 million per month.
Owners of Monal Restaurant at Margalla Top in Islamabad offered the highest bid. The successful bidder will use the facility for free for the first six months. Six parties participated in the bidding. The auction was held at the LDA Community Centre, 239-A, New Muslim Town, Lahore.
12 plots auctioned
The authority also auctioned 11 commercial and one residential plot for Rs104 million on Thursday. The auction of commercial plots of Johar Town, Faisal Town, Sabazazar and the Fruits and Vegetable Market in Allama Iqbal Town attracted 38 bidders. The per marla base price had been set by evaluators of the State Bank of Pakistan. The highest bid was offered for commercial plot no 305/40, block H-III of Johar Town, measuring 250.9 square metres or 12 marlas. It went for Rs35.594 million. Its base price had been fixed as Rs1.9 million per marla. It fetched Rs2.965 million per marla.
Published in The Express Tribune, September 26th, 2014.
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
  Gwadar Cpec News: Warmest congratulations Hub Power Generation Unit 1 of 1320 MW LRE-Azan 0 2,009 01-08-2019 07:25 PM
Last Post: LRE-Azan
  Gwadar Port:New desalination plant and power generation unit approved LRE-Azan 0 1,829 11-15-2017 03:46 PM
Last Post: LRE-Azan
  LDA auctions five plots Salman 0 2,345 03-19-2015 03:53 PM
Last Post: Salman
  LDA auctions 10 plots Salman 0 2,307 02-27-2015 05:19 PM
Last Post: Salman
  CDA TO ACHIEVE TARGET OF RS 600M REVENUE BY END OF CURRENT FISCAL Salman 0 2,294 02-03-2015 05:32 PM
Last Post: Salman
  CDA earns Rs485 million revenue in 2014 Salman 0 2,165 01-31-2015 04:00 PM
Last Post: Salman
  LDA auctions various plots worth Rs 699 million Salman 0 2,820 12-08-2014 02:03 PM
Last Post: Salman
  LDA auctions rooftop restaurants, plots Salman 0 2,212 11-15-2014 01:10 PM
Last Post: Salman
  District Office Gujrat Announces Settlement of Land Revenue Record Salman 0 2,645 11-15-2014 01:08 PM
Last Post: Salman
  LDA Auctions 11 Plots For Rs 54 million Salman 0 2,342 10-14-2014 01:55 PM
Last Post: Salman
  LDA Auctions Going To Auction Commercial Shop On 13 October Salman 0 2,549 10-11-2014 01:25 PM
Last Post: Salman
  LDA auctions nine plots Salman 0 2,252 08-22-2014 01:39 PM
Last Post: Salman
  LDA auctions 10 plots for Rs 55m Salman 0 2,312 07-03-2014 04:48 PM
Last Post: Salman
  LDA auctions seven plots Salman 0 2,531 06-14-2014 02:54 PM
Last Post: Salman
  LDA Auctions Seven Plots For Rs 5.7 Million Salman 0 3,007 05-30-2014 08:09 PM
Last Post: Salman
  CDA Auctions Residential Plots In Islamabad Salman 0 3,195 05-29-2014 05:48 PM
Last Post: Salman
  LDA successfully auctions 11 plots Salman 0 3,396 05-06-2014 05:22 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 2 Guest(s)