The Punjab Central Business District Development Authority (PCBDDA), also known as CBD Punjab, has successfully concluded the auction of the second phase of CBD Walk, an exclusive commercial jewel in the prestigious CBD Quaid District near CBD Lake, Gulberg, Lahore.

The landmark sealed-bid auction offered sixteen premium 4-Marla commercial units, comprising eight lake-facing and eight park-facing properties. Out of these, 15 units were successfully sold to the highest bidders, while one unit’s auction was cancelled due to the bidder’s late submission of documents.

The auction generated a total of PKR 2.3 billion in sales, with the average unit price reaching PKR 154 million – PKR 24 million higher than the previous auction. The event reaffirmed strong investor confidence, with four bidders offering to pay the entire amount in advance.