- September 27, 2023
- Posted by: Muhammad Afzaal
- Category: RBS News
The Lahore Development Authority (LDA) has advertised a promising chance for investors to auction plots within renowned housing projects, as stated in an advertisement published in national newspapers on September 17.
Accordingly information provided, this auction will feature plots that are suitable locations for constructing educational facilities, institutions, hospitals, pharmacies, and more. In addition, the scheduled auction is set for October 04, 2023, which falls on a Wednesday at 10 AM. Moreover, the auction will take place at the LDA Community Center located at 9 Civic Center, Garden Town Scheme.
Additionally, one of the properties up for sale in the auction is the complete first floor of Park & Ride Plaza, situated at Liberty Roundabout in Gulberg. However, this commercial area encompasses a significant space of approximately 7,604 square feet. Finally, upon winning the bid, the buyer will be granted a 5-year lease with an initial 3-month grace period.
Authority Tends to Auction
The starting bid price is established at PKR 150 per square foot per month, and interested participants need to submit a security deposit of 4.6 million Pakistani rupees. Additionally, the authority intends to auction the leasing rights for a 7-floor parking plaza within the same building. Below, you’ll find the specifics of the plots on offer:
|Earnest Money (PKR)||Bid Starting Price/ Kanal|
|1||–||AA(Sector D)||Bahria Town||Public Building||3.74||9,600,000||25,600,000|
|2||81||N/A||Iqbal Avenue(Ph-II)||Public Building||6.66||20,000,000||30,ooo,ooo|
|4||N/A||D||Etihad Team||Public Building||23.12||70,000,000||30,000,000|
|5||N/A||GE-III||Lake City Bella Vista||Public Building||58.21||140,000,000||24,000,000|
|7||372||C||Faosal Town||School Site||4.74||19,000,000||40,000,000|
To obtain more details, you can visit the office of Director Housing-X (Auctions & Allotments) at LDA, explore the LDA Mobile App, or also visit the official website: lda.gop.pk.
Furthermore, RBS Real Estate and Builders is one of Pakistan’s leading Real Estate Corporations in the industry.