ISLAMABAD – In a historic achievement, the Capital Development Authority (CDA) has successfully generated Rs23.4 billion through the auction of 32 commercial properties, including 17 commercial plots and 15 shops. The auction witnessed bids exceeding expectations, with some properties receiving up to 126% above the reserved price.
The results were presented during the fifth CDA Board meeting, chaired by Chairman Muhammad Ali Randhawa. Officials highlighted the enthusiastic participation of bidders, leading to an overall 25% increase in revenue above the reserved prices. The success underscores the growing demand for commercial properties and the authority’s strategic efforts to maximize revenue.
This auction marks a significant step in CDA’s commitment to urban development and fostering economic opportunities in Islamabad.
