Lahore: Wednesday June 19, 2025. Building on the resounding success of its previous auctions, the Punjab Central Business District Development Authority (PCBDDA), known as Central Business District Punjab (CBD Punjab), has once again demonstrated its commitment to transformative urban development by concluding another highly successful auction of premium residential plots in CBD NSIT City.
Held under the banner of NSIT Residencia, an exclusive residential enclave within Pakistan’s first and largest IT city, the auction showcased four residential plots, each approximately 4.5 kanals in size. The event witnessed overwhelming participation from both local and international investors, reflecting growing market confidence in CBD Punjab’s strategic development vision.
The latest auction resulted in a significant investment of 2.288 billion, strengthening CBD Punjab’s position as a driver of economic growth and sustainable urbanization in the province. A total of 186 bids were submitted during the auction, underlining the rising demand for high-value residential properties within this state-of-the-art development.
Each plot offered during the auction received considerable attention. Plot R-02-05 was successfully sold to Zameen Developments for 464.38 million, achieving a highest bid of 107 million per kanal. Plot R-02-06 was awarded to Umar Safdar at a price of 614.44 million, while Plot R-02-07 was secured by Zameen Developments for 619 million. Plot R-02-08, the final parcel in this auction cycle, was acquired by Muhammad Anwar Mian Noor for 601.005 million, with the highest bid recorded at 154.5 million per kanal.
Speaking on the occasion, CEO CBD Punjab, Imran Amin, said, “This auction reaffirms the confidence investors have in CBD Punjab’s vision. The overwhelming interest from both domestic and international stakeholders reflects our commitment to sustainable, high-impact development that transforms urban Punjab into an engine of economic growth.”
NSIT Residencia is rapidly emerging as a landmark residential destination, offering a secure, modern, and well-planned lifestyle within CBD NSIT City. Strategically located, with proximity to top-tier educational institutions, commercial hubs, and recreational spaces, the project continues to attract forward-looking investors seeking long-term value.
CBD Punjab remains steadfast in its mission to redefine urban living standards while creating new economic opportunities across the province. Through consistent delivery, transparent governance, and a development-first approach, the authority is playing a critical role in transforming the economic and urban landscape of Punjab, ushering in a new era of growth, connectivity, and prosperity.