LAHORE - A total of five plots including four commercial and one residential site were auctioned for a sum of Rs.43.6 million by the Lahore Development Authority on Wednesday.

LDA Auction committee comprising Director Finance, Director Estate Management and Director Land Development conducted the open auction at LDA Community Centre.

The prices of these plots had been estimated and approved by evaluators of the State Bank of Pakistan. Commercial plots No 17, measuring 229.64 sq meters, and plot No 18, measuring 230.10 sq meters, situated at the Civic Centre Sabazar, were   auctioned against six hundred thousand rupees at 50 thousand per marla.

Similarly commercial plots No 305/25 and 305/27, each measuring 250.90 sq meters, in block H3 of Johar Town, were   auctioned against Rs1.1 million, at 20 thousand per marla.

Plot No 310-C block P, measuring 114 sq meters was the only residential plot, which was sold at four hundred and ten thousand rupees.