Islamabad, October 4 – The Capital Development Authority (CDA) has wrapped up its three-day auction of 13 prime commercial plots, raising an impressive PKR 16.641 billion, according to recent reports. The event, held at the prestigious Gandhara Citizen Club, witnessed strong investor interest, culminating in a successful final day with the sale of 7 commercial plots, generating PKR 4.206 billion alone.

CDA Chairman Muhammad Ali Randhawa visited the auction site on the last day to address investors and ensure transparency in the process. He assured that the funds raised would be reinvested into enhancing Islamabad’s urban infrastructure and facilities, benefiting both citizens and investors.

The winning bids from the auction will now be presented to the CDA Board for formal review and approval. This milestone marks another step forward in the development of Islamabad, as the CDA continues its efforts to attract investors with lucrative opportunities in the city’s thriving real estate sector.

Chairman Randhawa emphasized that proceeds from the auction will directly support city projects, particularly in infrastructure development, green spaces, and improved civic amenities. He reaffirmed the CDA’s dedication to positioning Islamabad as a key hub for real estate investment and urban growth.

With significant advancements underway, including waste management improvements, Islamabad is set for continued progress, further solidifying its reputation as a prime destination for investors and real estate enthusiasts.

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