LAHORE: The Punjab Central Business District Development Authority (PCBDDA), also known as Central Business District Punjab (CBD Punjab), successfully commenced 2026 with its first high-profile auction of the year, further strengthening its reputation for transparency, premium offerings, and sustained investor confidence.
The auction featured two prime assets: the landmark CBD Arena plot in CBD Quaid District and a premium residential plot in NSIT City Residencia-2, CBD NSIT City. The CBD Arena plot, measuring 10 kanals, had a reserve price of PKR 50 million per kanal. Following competitive bidding, the plot was awarded to Playdium at PKR 70.07 million per kanal, resulting in a total transaction value of approximately PKR 700.7 million. In parallel, the 4.9 kanal NSIT City Residencia-2 plot was successfully acquired by Shoaib Shafiq, at a final price of PKR 590.45 million, underscoring the growing demand for high-quality residential developments within CBD NSIT City.
The auction drew over 50 bids, reflecting strong participation from national investors and signalling continued market confidence in CBD Punjab’s strategic urban development model. The robust competition and premium price realization further demonstrate the increasing value and credibility of CBD Punjab’s portfolio.
CEO CBD Punjab, Imran Amin, stated: “This successful opening auction of 2026 reflects the unwavering trust investors place in CBD Punjab’s vision, governance, and delivery standards. We remain committed to creating world-class infrastructure and sustainable economic opportunities that position Lahore as a regional business powerhouse.”
Copyright Business Recorder, 2026
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