LAHORE: The Punjab Central Business District Development Authority (PCBDDA), also recognized as Central Business District Punjab (CBD Punjab), is set to mark a significant milestone in the region real estate landscape with the auction of six exclusive plots, comprising three mix-used commercial and three residential plots, scheduled for May 9, 2024.
The auction event will showcase the immense potential for investment and development within the CBD Punjab precinct.
With this auction, CBD Punjab is proud to introduce its latest ventures: CBD Business Bay and CBD Residencia. These ventures epitomize CBD Punjab commitment to innovation and excellence in urban development, offering prime real estate opportunities for both commercial and residential purposes.
CBD Business Bay presents a unique opportunity for businesses to thrive in a dynamic environment. With mixed-use commercial plots available, CBD Business Bay caters to the diverse needs of enterprises seeking a strategic location for their operations. The commercial plots ranging from 8.73 kanals to 8.89 kanals with an FAR of 1:16 and height provision of 415ft will provide ample space for growth and expansion.
Meanwhile, CBD Residencia offers an unparalleled living experience, with residential plots designed to accommodate modern lifestyles. Ranging from 6.35 kanals to 7.11 kanals with a FAR of 1:14 and height provision of 380ft these plots will offer residents a vibrant and well-connected community.
To further facilitate investment and development, CBD Punjab has devised an easy five-year instalment plan and a streamlined one window solution for prospective buyers and investors. This initiative underscores CBD Punjab commitment to fostering growth and prosperity in the region while ensuring accessibility and affordability for all stakeholders.
While expressing his views about upcoming auction Imran Amin, CEO of CBD Punjab said, CBD Punjab is poised to play a pivotal role in the economic development of Punjab by providing lucrative opportunities for real estate developers and the business community. This auction will serve as a catalyst for highlighting the vast investment potential within CBD Punjab.
Copyright Business Recorder, 2024
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