{"id":62216,"date":"2020-03-03T16:42:01","date_gmt":"2020-03-03T11:42:01","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=62216"},"modified":"2020-03-03T16:42:02","modified_gmt":"2020-03-03T11:42:02","slug":"cda-auction-of-commercial-plots-in-new-blue-area","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cda-auction-of-commercial-plots-in-new-blue-area.html","title":{"rendered":"CDA announces dates for auction of commercial plots in \u2018New Blue Area\u2019"},"content":{"rendered":"\n<p>Islamabad: The Capital Development Authority (CDA) has announced the dates for holding a commercial plots auction in the <a href=\"https:\/\/www.zameen.com\/news\/pm-inaugurates-new-blue-area-project-islamabad.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"recently launched \u2018New Blue Area\u2019 project (opens in a new tab)\">recently launched \u2018New Blue Area\u2019 project<\/a> \u2013 situated the opposite of F-9 Park in the capital city, according to a publication. To this effect, the civic agency has stated that it will organise the event on April 14, 15 and 16 at the Jinnah Convention Centre.<\/p>\n\n\n\n<p>According to details, commercial plots in the Central Business District (New Blue Area) come in sizes between 600 square yards and 10,000 square yards. As per the CDA, these properties are suitable for setting up restaurants, shopping malls, hotels, apartments, offices, and banks.<\/p>\n\n\n\n<p>Read: <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><strong>What are the benefits\nfor taking part in the New Blue Area auction?<\/strong><\/p>\n\n\n\n<p>The CDA has revealed a list of benefits it will provide to the\ninterested bidders. The perks include:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>10% discount on 100% upfront payment<\/li><li>Exemption on Advance Income Tax on pro-rata\nbasis<\/li><li>Building plan approval facility after first\ninstalment payment<\/li><li>Availability of a dedicated team for addressing queries<\/li><\/ul>\n\n\n\n<p>The publication further stated that all construction in the Central Business District would be developed in line with the <a href=\"http:\/\/Commission approves commercial building by-laws for Islamabad\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"newly approved building bylaws (opens in a new tab)\">newly approved building bylaws<\/a>. As per these bylaws, the developers will be allowed to cover 100% area of the plots measuring up to 1,000 square yards. The covered area specified for plots measuring over 1,000 square yards is up to 75%. <\/p>\n\n\n\n<p>Moreover, successful bidders will be required to pay first instalment within 30 days \u2013 following the issuance of the bid acceptance letters. The publication specifies that the developers can only commence construction activities following the complete payment of all instalments.<\/p>\n\n\n\n<p>Read: CDA to hire consultants for improving Islamabad infrastructure<\/p>\n\n\n\n<p>The project brochures will be available at designated\nbranches of HBL, MCB, Askari Band and Bank of Punjab from March 5 onwards. <\/p>\n\n\n\n<p>For more information, please visit the CDA Directorate of Estate Management II \u2013 situated on Khayaban-e-Suharwardy in G-7\/4, Islamabad \u2013 or call: +92-51-925-2481. You can also visit their website: www.cda.gov.pk.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Capital Development Authority (CDA) has announced the dates for holding a commercial plots auction in the recently launched \u2018New Blue Area\u2019 project \u2013 situated the opposite of F-9 Park in the capital city, according to a publication. To this effect, the civic agency has stated that it will organise the event on April 14, 15 and 16 at the Jinnah Convention Centre. According to details, commercial plots in the Central Business District (New Blue Area) come in sizes between 600 square yards and 10,000 square yards. As per the CDA, these properties are suitable for setting up restaurants, shopping malls, hotels, apartments, offices, and banks. Read: PM approves \u2018New Blue Area\u2019 for Islamabad; project revenue to fund NPHP developments What are the benefits for taking part in the New Blue Area auction? The CDA has revealed a list of benefits it will provide to the interested bidders. The perks include: 10% discount on 100% upfront payment Exemption on Advance Income Tax on pro-rata basis Building plan approval facility after first instalment payment Availability of a dedicated team for addressing queries The publication further stated that all construction in the Central Business District would be developed in line with&hellip;<\/p>\n","protected":false},"author":18,"featured_media":62221,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[20385,15017],"tags":[21716,21715,21712,21714],"persona":[],"class_list":{"0":"post-62216","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-development-projects","8":"category-notices-announcements","9":"tag-commercial-plots-for-sale-in-islamabad","10":"tag-commercial-plots-for-sale-in-new-blue-area","11":"tag-commercial-plots-in-new-blue-area-islamabad","12":"tag-new-blue-area-auction-dates","13":"cat-20385-id","14":"cat-15017-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 auction of commercial plots in \u2018New Blue Area\u2019 - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Capital Development Authority (CDA) has announced the dates for holding a commercial plots auction in the recently launched \u2018New Blue Area\u2019\" \/>\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-of-commercial-plots-in-new-blue-area.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDA auction of commercial plots in \u2018New Blue Area\u2019 - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Capital Development Authority (CDA) has announced the dates for holding a commercial plots auction in the recently launched \u2018New Blue Area\u2019\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cda-auction-of-commercial-plots-in-new-blue-area.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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