ISLAMABAD: The Capital Development Authority (CDA) has accepted the bids of six plots in its special board meeting, held at CDA Headquarters on Friday.

CDA Chairman Imtiaz Inayat Elahi presided over the meeting in which all members of CDA Board and officers of the concerned formations of the authority were also present.

During the auction held on July 21, CDA offered for bidding six commercial plots of different sizes located in the Marakiz of Sector F-6, F-7, F-8, G-11 and F-11.

CDA Board has accepted all the bids earning total amount of Rs.1.578 billion with 40 percent down payment. The plot No.24 measuring 711.11 square yards in F-6 Markaz fetched the highest bid of Rs 433,000 per sq yards. Plot No. 27 measuring 844.44 square yard situated in F-11 Markaz has been auctioned at the rate of Rs.355,000 per square yard.

Similarly, Plot No 13-G measuring 666.66 square yard located in F-8 Markaz was auctioned for Rs.2,75,000/- per square yard. Plot No. 8, measuring 1777.77 in G-11 Markaz was auctioned for Rs.1,41,000 per square yard. Plot No.33 measuring 1777.78 situated in G-11 Markaz was auctioned for Rs.1,24,000 per square yard. However, plot No.5 (for establishment of Hospital) measuring 3333.33 square yard in F-11 Markaz was auctioned at the rate of Rs.95,000 per square yard.

The auction process was supervised by Saeed-ur-Rehman, Member Finance, comprises of Khalid Mirza, Member Estate, Tahir Shamshad, Member Planning & Design, Director (One Window Operation) Director Estate Management-I Director Estate Management-II, Director Public Relations and Deputy Financial Advisor.