ISLAMABAD - The Capital Development Authority (CDA) on Wednesday pocketed Rs1.35 billion by auctioning 20 residential plots located in various posh sectors of Islamabad.

An eight-member committee headed by Member Environment Syed Mustafain Kazmi supervised the auction process. Director General Administration, Deputy Director General Law, Deputy Financial Advisor, Director Urban Planning, Director Estate Management -I (East and West), Director Estate Management-II and Director Public Relations were other members of the committee.

Chairman CDA Maroof Afzal while expressing his pleasure over the transparent and successful auction of residential plots on the first day of the auction process said that the income from this auction will be spent on development of various sectors of Islamabad.

He further added that the vacant and un-soled plots in different developed sectors were being used as lawns and green areas illegally by encroachers “This trend was incurring billions of losses on CDA,” he said adding the administration has taken serious note of the illegal use of the vacant plots.

He further said that the successful auction of a large number of plots at much higher prices on the first day of the auction process was the expression of trust by the citizens in CDA that will use all available resources for development of sectors and provision of civic amenities to the residents. The residential plot number 16 measuring 933.33 square yards located in F-7 sector auctioned at the rate of Rs. 147000 per square yard secured the highest bidding on the first day.