| Islamabad: The Capital Development Authority (CDA) has unveiled plans to attract international and local investors for the auction of two premium five-star hotel plots and over 200 residential plots in Islamabad. The auctions are scheduled for December 17, targeting both local and overseas buyers with investor-friendly terms.
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The hotel plots, located in the prestigious Sector F-5, include one near the Pakistan National Council of Arts and another adjacent to the Marriott Hotel. Their strategic locations make them ideal for luxury hospitality developments. To encourage participation, the CDA has introduced flexible payment options, including a two-year instalment plan.
Successful bidders can gain possession after paying 75% of the amount, while construction approvals can begin with just 25% payment.
In addition, the CDA will auction over 200 one-kanal residential plots in Sector C-14, situated at the scenic foothills of the Margalla Hills. These premium lifestyle plots are expected to appeal to both local and overseas Pakistanis, with incentives for investments made in foreign currencies, particularly US dollars.
During a meeting chaired by CDA Chairman Muhammad Ali Randhawa, officials emphasised the importance of engaging overseas Pakistanis and international investors. Pakistan’s embassies and missions abroad will actively promote these investment opportunities. “These initiatives reflect our vision to transform Islamabad into a city of progress and luxury,” said Chairman Randhawa.
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The CDA has also streamlined bylaws and introduced relaxed procedures to simplify participation. These measures, coupled with flexible payment terms, aim to position Islamabad as a premier destination for tourism, business, and modern living. With these auctions, the CDA hopes to draw significant foreign investments, further cementing Islamabad’s reputation as a hub for high-end real estate development. |
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