| Chairman CDA emphasized the collective goal of making Islamabad a beautiful and modern city. He further stated that revenue generated from the auction will be utilized for the development and beautification of the city and its infrastructure.
The four-day commercial plots auction will continue at the Jinnah Convention Center until February 28, 2025. During this auction, commercial plots in the Blue Area, marakaz, Industrial Zones, Apartments, and Park Enclave are being offered for auction. Additionally, plots of Class III Shopping Centers and shops of parking plaza constructed in Blue Area will also be auctioned.
All bids received will undergo thorough scrutiny before being presented to the CDA Board, which is the authorized forum to approve or reject the bids. It is important to note that investors participating in the auction of commercial plots are being offered several incentives and facilities.
The payment plan for commercial plots has been extended from one year to two years. Furthermore, building plan approvals will be granted upon 25% payment, and possession of plots will be given upon 75% payment. Additionally, a 10% discount is being offered for lump-sum payments, and a 5% additional discount is available for payments made in US dollars. |
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