LAHORE: A total of eight commercial plots were auctioned by the Lahore Development Authority (LDA) against a sum of Rs 1,335 million on Monday.
Maximum bid was offered for commercial plot number 2, situated in the Civic Centre of Johar Town, which was auctioned in Rs 162,723,000. Its bid starting price had been fixed as Rs 2.5 million per marla whereas it was auctioned for Rs 4.2 million per marla.
Open auction of plots was held at the LDA Community Centre in Ayubia Market, New Muslim Town.
A total of 33 bidders participated in the bidding by depositing earnest money for their desired plots. Severe competition was observed on the occasion, as the competitors enthusiastically offered their bids.