{"id":62148,"date":"2020-03-02T11:01:11","date_gmt":"2020-03-02T06:01:11","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62148"},"modified":"2020-03-02T15:09:34","modified_gmt":"2020-03-02T10:09:34","slug":"pm-inaugurates-new-blue-area-project-islamabad","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pm-inaugurates-new-blue-area-project-islamabad.html","title":{"rendered":"PM inaugurates \u2018New Blue Area\u2019 project in Islamabad"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Islamabad: Prime Minister (PM) Imran Khan on Sunday inaugurated the \u2018New Blue Area\u2019 commercial project for which the government has allotted 170 kanals of land opposite the F-9 Park, a news source reported. As per the publication, the revenue generated from this initiative will be utilised for the development of low-cost housing schemes and the provision of amenities in the capital city.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-auction-26-commercial-plots.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"CDA to auction \u2018New Blue Area\u2019 commercial plots, PKR 30bn revenue expected (opens in a new tab)\">CDA to auction \u2018New Blue Area\u2019 commercial plots, PKR 30bn revenue expected<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Capital Development Authority (CDA) Chairman Amir Ali Ahmed and Naya Pakistan Housing and Development Authority (NAPHDA) Chairman General (retired) Anwar Ali Haider gave briefings on the project.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/pm-approves-new-blue-area-for-islamabad.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"PM approves \u2018New Blue Area\u2019 for Islamabad; project revenue to fund NPHP developments (opens in a new tab)\">PM approves \u2018New Blue Area\u2019 for Islamabad; project revenue to fund NPHP developments<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">According to the officials concerned, the plots allotted for the initiative will be auctioned off on April 14, 15 and 16. Moreover, a portion of the received revenue will be used to develop <a rel=\"noreferrer noopener\" aria-label=\"housing units through NAPHDA (opens in a new tab)\" href=\"https:\/\/www.zameen.com\/news\/naphda-to-partner-with-cda-for-blue-area-development.html\" target=\"_blank\">housing units through NAPHDA<\/a> for the residents of legal slums in Islamabad.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/sindh-cm-forms-ddc-development-projects.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Murad forms district development committees to ensure timely completion of uplift projects (opens in a new tab)\">Murad forms district development committees to ensure timely completion of uplift projects<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">To attract investors, the CDA offers an exclusive package that includes 10 percent rebate for paying the full amount and one month time instead of 10 days for paying the first installment of 25 percent on the agreed sum by the successful bidders. The prime minister also directed the officials to give advance tax exemption to those who participate in the auction.<\/p>\n\n\n\n<p class=\"wp-block-paragraph\"><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/cda-approves-to-change-layout-plan-sector-d-12.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"CDA approves to change layout plan for D-12, Blue Area of G-9 (opens in a new tab)\">CDA approves to change layout plan for D-12, Blue Area of G-9<\/a><\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The project aims to attract foreign investment, create jobs, and amplify\neconomic activity in the capital city. The authorities concerned have already\nissued special instructions for the preservations of trees in the initiative. <\/p>\n\n\n\n<p class=\"wp-block-paragraph\">The prime minister said that the government would introduce similar\nprojects in Karachi and Lahore in the coming days.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: Prime Minister (PM) Imran Khan on Sunday inaugurated the \u2018New Blue Area\u2019 commercial project for which the government has allotted 170 kanals of land opposite the F-9 Park, a news source reported. As per the publication, the revenue generated from this initiative will be utilised for the development of low-cost housing schemes and the provision of amenities in the capital city. Read: CDA to auction \u2018New Blue Area\u2019 commercial plots, PKR 30bn revenue expected Capital Development Authority (CDA) Chairman Amir Ali Ahmed and Naya Pakistan Housing and Development Authority (NAPHDA) Chairman General (retired) Anwar Ali Haider gave briefings on the project. Read: PM approves \u2018New Blue Area\u2019 for Islamabad; project revenue to fund NPHP developments According to the officials concerned, the plots allotted for the initiative will be auctioned off on April 14, 15 and 16. Moreover, a portion of the received revenue will be used to develop housing units through NAPHDA for the residents of legal slums in Islamabad. Read: Murad forms district development committees to ensure timely completion of uplift projects To attract investors, the CDA offers an exclusive package that includes 10 percent rebate for paying the full amount and one month time instead of 10&hellip;<\/p>\n","protected":false},"author":76,"featured_media":61667,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15013,20385,15016],"tags":[21514,21515,20851,21513],"persona":[],"class_list":["post-62148","post","type-post","status-publish","format-standard","has-post-thumbnail","category-construction","category-development-projects","category-new-developments","tag-capital-development-authority-cda","tag-naya-pakistan-housing-and-development-authority-naphda","tag-new-blue-area","tag-pm-inaugurates-new-blue-area","cat-15013-id","cat-20385-id","cat-15016-id"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PM inaugurates \u2018New Blue Area\u2019 project in Islamabad - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: Prime Minister (PM) Imran Khan on Sunday inaugurated the \u2018New Blue Area\u2019 commercial project for which the government has allotted 170 kanals\" \/>\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\/pm-inaugurates-new-blue-area-project-islamabad.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM inaugurates \u2018New Blue Area\u2019 project in Islamabad - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: Prime Minister (PM) Imran Khan on Sunday inaugurated the \u2018New Blue Area\u2019 commercial project for which the government has allotted 170 kanals\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pm-inaugurates-new-blue-area-project-islamabad.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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