LDA Auctions Off 15 Residential and Commercial Plots

LDA Auctions Off 15 Residential and Commercial Plots

  • Last Updated on: 22 February , 2024

The Lahore Development Authority (LDA) recently held a large-scale auction of commercial and residential plots located in various schemes across the city. 

The auction took place at the LDA Community Centre in New Garden Town and showcased 15 plots in total, situated in Johar Town, Mustafa Town, Tajpura, and Jubilee Town. Six of these plots were commercial and the remaining nine were residential.

The auction was supervised by Additional Director General (Housing) Syed Munawwar Bukhari and resulted in the sale of all 15 plots for a combined total of PKR 257,999,000. The plots sold included a range of sizes and locations, with prices ranging from PKR 6.36 million to PKR 75 million.

The auction was attended by members of the auction committee, which included Additional Director General (Housing), Director Finance, Directors Housing, and other related officers. 

The successful auction is expected to bring a boost to the local property market and generate revenue for the LDA.

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