{"id":62045,"date":"2020-02-28T12:21:57","date_gmt":"2020-02-28T07:21:57","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62045"},"modified":"2020-02-28T15:04:19","modified_gmt":"2020-02-28T10:04:19","slug":"cda-auction-26-commercial-plots","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cda-auction-26-commercial-plots.html","title":{"rendered":"CDA to auction &#8216;New Blue Area&#8217; commercial plots, PKR 30bn revenue expected"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad:<strong> <\/strong>The Capital Development Authority (CDA) is planning to put up 26 commercial plots in the &#8216;New Blue Area&#8217;, G-9 on auction in April this year \u2013 including a plot intended for a five-star hotel; with the expectation of a PKR 30 billion revenue, according to news sources. This particular portion sector G-9&#8217;s Blue Area features prominently in Islamabad\u2019s master plan and is set to be relabeled as the \u2018<a rel=\"noreferrer noopener\" aria-label=\"New Blue Area (opens in a new tab)\" href=\"https:\/\/www.zameen.com\/news\/pm-approves-new-blue-area-for-islamabad.html\" target=\"_blank\">New Blue Area<\/a>\u2019, once the commercial plots have been resized. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-notifies-new-parameters-high-rises-e-11.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"CDA notifies new parameters for high-rises in E-11 (opens in a new tab)\">CDA notifies new parameters for high-rises in E-11<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The CDA approved the auction plan\nduring its meeting on Thursday, held under Chairman Amer Ali. This auction is\naimed at generating funds for the Naya Pakistan Housing Development Authority\n(NPHDA)\u2019s projects.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The CDA board meeting also decided to spend 5% of the income generated through the auction to be spent on the Blue Area\u2019 s development by providing better amenities to the business and investment community.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"> <strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-improve-islamabad-infrastructure.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"CDA to hire consultants for improving Islamabad infrastructure (opens in a new tab)\">CDA to hire consultants for improving Islamabad infrastructure<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">A CDA official remarked that the auction will be promoted on a grand scale with digital marketing, roadshows and other measures to attract potential investors. As an added incentive, the civic agency plans to offer a special package to investors that would include 10% rebate for full payment and will provide a month\u2019s time period to repay the first instalment of 25% of the sum agreed upon by the winning bidders -who will also be able to deposit advance tax along with their plot instalments.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Capital Development Authority (CDA) is planning to put up 26 commercial plots in the &#8216;New Blue Area&#8217;, G-9 on auction in April this year \u2013 including a plot intended for a five-star hotel; with the expectation of a PKR 30 billion revenue, according to news sources. This particular portion sector G-9&#8217;s Blue Area features prominently in Islamabad\u2019s master plan and is set to be relabeled as the \u2018New Blue Area\u2019, once the commercial plots have been resized. Read: CDA notifies new parameters for high-rises in E-11 The CDA approved the auction plan during its meeting on Thursday, held under Chairman Amer Ali. This auction is aimed at generating funds for the Naya Pakistan Housing Development Authority (NPHDA)\u2019s projects. The CDA board meeting also decided to spend 5% of the income generated through the auction to be spent on the Blue Area\u2019 s development by providing better amenities to the business and investment community. Read: CDA to hire consultants for improving Islamabad infrastructure A CDA official remarked that the auction will be promoted on a grand scale with digital marketing, roadshows and other measures to attract potential investors. As an added incentive, the civic agency plans to offer a&hellip;<\/p>\n","protected":false},"author":75,"featured_media":60265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385],"tags":[21260,20040,21259,20851],"persona":[],"class_list":["post-62045","post","type-post","status-publish","format-standard","has-post-thumbnail","category-development-projects","tag-auction-of-commercial-plots","tag-blue-area-of-g-9","tag-cda-to-auction-26-commercial-plots","tag-new-blue-area","cat-20385-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>CDA to auction 26 commercial plots in April - Zameen News<\/title>\n<meta name=\"description\" content=\"CDA is planning to put up 26 commercial plots in Sector G-9 of the Blue Area on auction in April this year \u2013 including a plot intended for a five-star hotel\" \/>\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-auction-26-commercial-plots.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDA to auction 26 commercial plots in April - Zameen News\" \/>\n<meta property=\"og:description\" content=\"CDA is planning to put up 26 commercial plots in Sector G-9 of the Blue Area on auction in April this year \u2013 including a plot intended for a five-star hotel\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cda-auction-26-commercial-plots.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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