Islamabad: The Capital Development Authority (CDA) on Saturday announced that it had finalised the preparations for the auction of Blue Area commercial plots, a news source reported. To this effect, the authority has announced its decision to auction these properties from July 15 to July 17.
According to details, CDA is conducting the auction of Blue Area commercial plots in line with the government’s policy to boost economic and investment activities in the country. The civic body has stated that these 600 square yards-10,000 square yards commercial plots are ideal for a variety of purposes like construction of petrol pump or hotel.
To attract maximum number of investors, CDA has run an extensive marketing campaign in major cities of the country. A CDA spokesperson stated that the auction would be held at Jinnah Convention Centre in the capital city.
Sources have revealed that prospective bidders would also enjoy special initiatives introduced by the CDA to facilitate them. These include benefits like building plan approval facility after first instalment, ample parking space, 10% discount on full payment in advance, and more.