collection analysis.
auction: A total of 11 plots, including nine commercial and two residential, were auctioned by the Lahore Development Authority against a sum of Rs. 124.72 million on Thursday.
Officials said maximum bid was offered for a corner plot No. 02 situated at the Civic Centre’s block of Jubilee Town measuring 21 marlas 192 sq. feet which was auctioned against Rs. 35.178 million. Its bid starting price had been fixed Rs. 1.595 million per marla whereas it was auctioned against Rs. 1.61 million per marla.
Tenancy rights of the newly constructed four storey community centre on a 3.5 kanals piece of land at Civic Centre, Garden Town, were auctioned against a sum of Rs. 11.23 million per year where as the bid starting price had been fixed as Rs.10 million per year.
A total of 39 bidders had deposited the earnest money for participating in the open auction which was held at the LDA Community Centre, 239-A, New Muslim Town. Tough competition was observed on this occasion as 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.
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