LDA earns Rs 93.8m through auction of plots


LAHORE – A total of 11 plots were auctioned by the Lahore Development Authority against a sum of Rs 93.8 million on Monday.

Maximum bid was offered for commercial plot No. 240-A/V situated in Sabzazar Scheme, which was auctioned in Rs 3,627,990. The bid starting price had been fixed as Rs 1,320,000 per marla where as it was auctioned at Rs 1,685,000 per marla. The open auction of plots was held at LDA Community centre, 239/A Ayubia Market, New Muslim Town Lahore

A total of 32 bidders participated in the bidding by depositing earnest money for their desired plots. Severe competition was observed on the occasion as the competitors enthusiastically offered their bids. Per marla base price of these plots had been estimated by the approved evaluators of the State Bank of Pakistan. Members of the auction committee of LDA supervised the auction proceedings.

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