{"id":101502,"date":"2025-02-26T14:32:14","date_gmt":"2025-02-26T09:32:14","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=101502"},"modified":"2025-02-26T14:32:18","modified_gmt":"2025-02-26T09:32:18","slug":"cda-commercial-plot-auction-day-1","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cda-commercial-plot-auction-day-1.html","title":{"rendered":"CDA generates PKR 15.7 bn on 1st day of commercial plot auction"},"content":{"rendered":"\n<p>Islamabad: The Capital Development Authority (CDA) kicked off its four-day commercial plot auction on a strong note, securing PKR 15.694 billion from the sale of seven plots on Tuesday.<\/p>\n\n\n\n<p>The auction, held at the Jinnah Convention Center, saw enthusiastic participation from investors. CDA Chairman Muhammad Ali Randhawa, who supervised the proceedings, stated that the revenue generated would be utilized for ongoing infrastructure and development projects across the federal capital.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-sgp-collaborate-to-boost-city-planning-with-digital-mapping.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA, SGP collaborate to boost City planning with digital mapping<\/a><\/p>\n\n\n\n<p>Among the most notable sales were two commercial plots in the Blue Area and prime properties in I-8 and F-7 Markaz. Key transactions included:<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Plot No. 12, Sector G-8 Blue Area (1,333.33 sq. yards) \u2013 PKR 4.199 billion<\/li>\n\n\n\n<li>Plot No. 11, Sector G-8 Blue Area (1,333.33 sq. yards) \u2013 PKR 3.466 billion<\/li>\n\n\n\n<li>Plot No. 1-B, I-8 Markaz (1,422.22 sq. yards) \u2013 PKR 3.34 billion<\/li>\n\n\n\n<li>Plot No. 13-X, F-7 Markaz (700 sq. yards) \u2013 PKR 2.12 billion<\/li>\n<\/ul>\n\n\n\n<p>Additional plots in G-9 and G-8 Markaz also fetched high bids. However, the auction of seven plots in I-14, F-11, I-8, and G-10 Mauve Area was deferred.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-dha-organised-balloting-plots.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA-DHA joint housing project kicks off with plot balloting in ISB<\/a><\/p>\n\n\n\n<p>Speaking at the event, CDA Chairman Randhawa highlighted that investor confidence in CDA\u2019s policies remains strong. He emphasized the completion of key infrastructure projects like Jinnah Square and the Recep Tayyip Erdo\u011fan Interchange, along with ongoing efforts to digitize land records for greater transparency.<\/p>\n\n\n\n<p>The auction will continue until February 28, offering commercial plots in prime locations, including the Blue Area, Industrial Zones, Park Enclave, and Class III Shopping Centres. Shops in the newly constructed parking plaza in the Blue Area are also up for bidding.<\/p>\n\n\n\n<p>To attract investors, CDA has introduced several incentives, including a two-year extended payment plan, building plan approvals upon 25% payment, and possession upon 75% payment. Investors can also avail a 10% discount on lump-sum payments, with an additional 5% discount for payments made in US dollars.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-to-develop-5-star-hotel-on-ppp-mode.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA to develop 5-star hotel on private-public partnership<\/a><\/p>\n\n\n\n<p>The entire auction process is being supervised by a committee chaired by the CDA Member Finance, with all bids subject to final approval by the CDA Board.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Capital Development Authority (CDA) kicked off its four-day commercial plot auction on a strong note, securing PKR 15.694 billion from the sale of seven plots on Tuesday. The auction, held at the Jinnah Convention Center, saw enthusiastic participation from investors. CDA Chairman Muhammad Ali Randhawa, who supervised the proceedings, stated that the revenue generated would be utilized for ongoing infrastructure and development projects across the federal capital. Read: CDA, SGP collaborate to boost City planning with digital mapping Among the most notable sales were two commercial plots in the Blue Area and prime properties in I-8 and F-7 Markaz. Key transactions included: Additional plots in G-9 and G-8 Markaz also fetched high bids. However, the auction of seven plots in I-14, F-11, I-8, and G-10 Mauve Area was deferred. Read: CDA-DHA joint housing project kicks off with plot balloting in ISB Speaking at the event, CDA Chairman Randhawa highlighted that investor confidence in CDA\u2019s policies remains strong. He emphasized the completion of key infrastructure projects like Jinnah Square and the Recep Tayyip Erdo\u011fan Interchange, along with ongoing efforts to digitize land records for greater transparency. The auction will continue until February 28, offering commercial plots in prime locations,&hellip;<\/p>\n","protected":false},"author":18,"featured_media":98184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15016],"tags":[62760,135,319,35077,62762,61904,2991,47122,62759,808,741,62761,4293,62221],"persona":[],"class_list":{"0":"post-101502","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-new-developments","8":"tag-blue-area-plots","9":"tag-capital-development-authority","10":"tag-cda","11":"tag-cda-auction","12":"tag-cda-incentives","13":"tag-commercial-plot-auction","14":"tag-commercial-property","15":"tag-infrastructure-development","16":"tag-islamabad-investment","17":"tag-islamabad-property-market","18":"tag-islamabad-real-estate","19":"tag-land-auction","20":"tag-property-investment","21":"tag-real-estate-pakistan","22":"cat-15016-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CDA commercial plot auction, day 1 - Zameen News<\/title>\n<meta name=\"description\" content=\"The auction will continue until February 28, offering commercial plots in prime locations, including the Blue Area, Industrial Zones, Park...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/cda-commercial-plot-auction-day-1.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDA commercial plot auction, day 1 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The auction will continue until February 28, offering commercial plots in prime locations, including the Blue Area, Industrial Zones, Park...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cda-commercial-plot-auction-day-1.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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