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CDA to auction off three strategic sites for luxury hotels - Zameen News

CDA to auction off three strategic sites for luxury hotels

September 29, 2015 • news

Islamabad: The Capital Development Authority (CDA) is set to auction three strategic sites for luxury hotels on November 16 and 17 at the Jinnah Convention Centre from 9 am to 4pm.

The civic authority will auction off two five-star hotel sites, one in Blue Area F-9/G-9 and one on Murree Road, and a three-star hotel site in Sector E-11’s Northern Strip.

According to a press release, internationally reputed hotel franchises will be eligible to take part in the auction. Only those that boast five-star credentials, or higher, will be able to apply for the Blue Area and Murree Road sites, while a rating of at least three-stars will be needed for Sector E-11’s site.

The table below summarises the size and floor area ratio (FAR) of the sites.

Site Size  FAR
Blue Area F-9/G-9 (five star) 330×1050 (11.742 acres) 1:12
Murree Road (five star) 700×560 (9 acres) 1:8
Northern Strip, E-11 (three star) 240×503 (2.77 acres) 1:8