The Lahore Development Authority (LDA) earned an impressive Rs. 3.55 billion in revenue during a public auction of plots held at the Lahore Expo Centre.

A total of 42 properties, including residential, commercial, educational, market, dispensary, and apartment sites, as well as restaurants, canteens, and salons, were auctioned.

Notable Sales:

• Commercial Plot on Jail Road, Gulberg V: Rs. 1.88 billion

• Apartment Site in Johar Town B-1: Rs. 436.6 million

• Commercial Plot in Jubilee Town: Rs. 162 million

• Education Site in OPF Scheme's A Block: Rs. 179.6 million

• Commercial Plot in Civic Centre, Johar Town: Rs. 87.6 million

• Lease Rights for Education Site in Mustafa Town: Rs. 20.8 million

• Restaurant Site at LDA Sports Complex Canal West: Rs. 12.1 million

• Rooftop Restaurant in Moon Market, Allama Iqbal Town: Rs. 7.7 million

Various school canteens, marquees, and sports sites across Lahore also attracted competitive bids, with commercial plots in Johar Town, Jubilee Town, Mustafa Town, Tajpura, and Sabzazar drawing offers ranging from Rs. 5 million to over Rs. 37 million.

Top LDA officials, including the Director General and additional DGs for Housing and Urban Planning, Revenue, Finance, Auction, and Education, oversaw the auction. An LDA spokesperson noted that this auction surpassed the previous event’s revenue of Rs. 2 billion, marking another significant financial milestone for the authority.