CBD leases four-kanal plot in open auction

By Our Correspondent

October 16, 2024

The screenshot of a Facebook video released on Dec 29, 2023, shows the CBD sign erected while Captain Karnal Sher Khan Shaheed Flyover was being inaugurated in Lahore. — Facebook/CBDPunjab

LAHORE:Central Business District Punjab (CBD Punjab) successfully leased a four-kanal commercial plot for a petrol pump and food outlet site through a competitive open auction here on Tuesday.

The site located on the strategic CBD Route 47 was leased for an impressive Rs81 million annually. The auction attracted significant interest from leading petroleum companies and business groups with initial bids starting at Rs46 million.

Commenting on the successful auction, CEO of CBD Punjab, Imran Amin, stated, "This auction underscores our commitment to fostering economic growth by developing infrastructure that serves both commercial and community needs. The petrol station and food court will provide much-needed convenience for commuters and residents in the area."

This site is the only one in the CBD Punjab Quaid District master plan specifically designated for such a purpose, further amplifying the interest in its prime location on Route 47. The auction was overseen by CBD Punjab Chairman Barrister Syed Azfar Ali Nasir, CEO Imran Amin, COO Brigadier (Retd) Mansoor Janjua, and other senior board members.

CBD Punjab continues to lead in the development of innovative commercial and residential projects, positioning Punjab as a central hub for business and investment opportunities.