Skip to main content

CBD PUNJAB SUCCESSFULLY CONDUCTS THIRD AUCTION OF COMMERCIAL PLOTS, GENERATING PKR 6.55 BILLION

                                            



Central Business District (CBD) Punjab is proud to announce the successful conclusion of its third auction of commercial plots, generating a total revenue of PKR 6.55 billion. This event marks yet another milestone for CBD Punjab, following the success of two previous auctions, further solidifying its reputation as a premier business hub in the region.

The auction featured three prime mixed-use commercial plots located in the prestigious CBD Punjab Business Bay. The plots presented at this auction were highly sought after, attracting bidders from all over the country, showcasing the significant interest and demand for these premium properties. The competitive bidding atmosphere highlighted the strategic importance and investment potential of these plots. Notable participants included some of the most prominent names in the industry such as BSM Developers, Zameen.com, Enrichers Investment Group, Banu Mukhtar, and Grand City.

The first plot, CBD Punjab Business Bay 1, spans 8.73 kanals with a Floor Area Ratio (FAR) of 1:16 and was sold to BSM Developers for a total amount of PKR 2.32 billion. This plot is expected to become a landmark development, given its strategic location and the reputation of the developer. The second plot, CBD Punjab Business Bay 2, measuring 8.89 kanals, was acquired by Zameen.com for PKR 2.15 billion. As a leading real estate portal. The third plot, CBD Punjab Business Bay 3, measuring 6 kanals, was also sold to BSM Developers for PKR 2.8 billion, indicating their strong interest and belief in the prospects of CBD Punjab.

Imran Amin, CEO of CBD Punjab, expressed his satisfaction with the outcome of the auction, stating, "We are thrilled with the overwhelming response from esteemed developers and investors across the country. The successful auction of these commercial plots underscores the immense potential and trust in CBD Punjab as a prime investment destination. We are committed to transforming the business landscape of Punjab and fostering economic growth through such strategic developments."

This successful auction reaffirms CBD Punjab's commitment to providing lucrative investment opportunities and developing a world-class business district that meets the highest standards of urban planning and sustainability. The consistent interest from top-tier developers and investors highlights the credibility and future potential of CBD Punjab as a leading commercial and business hub in Pakistan.

Comments

Post a Comment

Popular posts from this blog

Peshawar Zalmi Releases "Zalmi Raalal" Official Anthem Powered by TCL

             TCL, Pakistan's No.1 LED TV Brand, in collaboration with Peshawar Zalmi, has released their most awaited anthem for PSL 8, " Zalmi Raalal ". Directed by the maestro Hassan Dawar himself, "Zalmi Raalal" is a star-studded, power-packed amalgamation of music, fashion, and sports, the three foremost passion points of Peshawar Zalmi. Produced by Naughty Boy, who has worked in the global music industry with the likes of Beyoncé, Wiz Khalifa, and Sam Smith, the music video features cricket's biggest superstars Darren Sammy and Babar Azam, as well as Pakistan's biggest celebrities Mahira Khan and Hamza Ali Abbasi. Peshawar Zalmi's official anthem for 2023, "Zalmi Raalal", is an ode to passion, a story entailing the beauty and power of the KP region and its people. The anthem has crossed one million views on all online platforms since its release, and the number is increasing fast.   The star-studded and narrative-centric anthem feature...
Post a Comment
Read more

Alibaba.com Hosts First Lahore Seller Summit

            Alibaba.com, a leading platform for global business-to-business (B2B) trade, today hosted its first seller summit in Lahore to highlight export opportunities available to local businesses in the e-commerce space. Titled “Go Export with Alibaba.com”, the event brought together existing and potential exporters in Lahore to offer tips and advice on how to start and grow an online export business. It is the first event of its type held by Alibaba.com in Lahore, signifying the platform’s enhanced efforts to support suppliers in the region and increase the city’s visibility as an online supplier base. Various experts in the export and e-commerce fields took part as speakers in the event, including   Mr Sheharyar Tahir , Head of External Relations of SMEDA, and  Mr Mian Rehman Aziz , Senior Vice President of Lahore Chamber of Commerce & Industries, who shed light on government support and infrastructure available to assist exporters ...
Post a Comment
Read more

A Look Back on the Spectacular Lineup of realme’s 828 Fan Fest Activities

             realme, as the most prominent brand of Gen Z, had a remarkable month of August, in which it held a plethora of activities for its fans and in return received an overwhelmingly good response for the brand. The purpose behind such activities was to inform the core values of realme and to provide the fans with a better insight into the defining spirit of realme which is to Dare to Leap, be adventurous, and break ground where others have not tread before. Moreover, through these events, it has ensured how it is different from its competitors. Fans are the backbone of any good brand as they are the ones who provide consistent support to the brand’s new endeavors. It is for this reason that it is very important for brands to cultivate a strong fan community much like realme does. The end goal for realme with all of its 828 Fan Fest celebrations was to bring something unique and exciting for the fans and through such activities develop a deeper s...
Post a Comment
Read more