{"id":63741,"date":"2020-04-07T12:19:29","date_gmt":"2020-04-07T07:19:29","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=63741"},"modified":"2020-04-07T12:19:31","modified_gmt":"2020-04-07T07:19:31","slug":"cda-relaxes-payment-schedule-auctioned-properties","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cda-relaxes-payment-schedule-auctioned-properties.html","title":{"rendered":"CDA relaxes payment schedule for auctioned properties"},"content":{"rendered":"\n<p>Islamabad: The Capital\nDevelopment Authority (CDA) board has stated that the payment schedule for\nauctioned properties would be relaxed due to the COVID-19 outbreak, a news\nsource reported.<\/p>\n\n\n\n<p>CDA held its third board meeting of 2020 on Monday. CDA Chairman Amir Ali Ahmed chaired the meeting, while the rest of the board members were present on the occasion.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/idwp-approves-development-projects-for-islamabad.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"IDWP approves development projects worth PKR 1.35 bn for Islamabad (opens in a new tab)\">IDWP approves development projects worth PKR 1.35 bn for Islamabad<\/a><\/p>\n\n\n\n<p>The board said that no delayed payment charges would be levelled against those who submit the instalments due in April and May later than the assigned date. The board deliberated that due to the <a href=\"https:\/\/www.zameen.com\/news\/president-alvi-launched-mohafiz-application-spread-awareness-about-covid-19.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"coronavirus spread (opens in a new tab)\">coronavirus spread<\/a> and ensuing lockdown, the business community is unable to submit their instalments. <\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/air-quality-index-of-islamabad-improves-amid-covid-19.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Air Quality Index of Islamabad improves amid COVID-19 lockdown (opens in a new tab)\">Air Quality Index of Islamabad improves amid COVID-19 lockdown<\/a><\/p>\n\n\n\n<p>CDA sells commercial and residential plots through auction bids and gathers total upfront payment of plots in quarterly instalments. If an individual fails to submit the due payments, they are charged with delayed payment charges \u2013 determined by the finance wing of the civic agency.<\/p>\n\n\n\n<p><strong>Read:<\/strong> <a href=\"https:\/\/www.zameen.com\/news\/bahria-town-disinfects-shehzad-town-islamabad.html\" target=\"_blank\" rel=\"noreferrer noopener\" aria-label=\"Bahria Town disinfects Shehzad Town, Islamabad (opens in a new tab)\">Bahria Town disinfects Shehzad Town, Islamabad<\/a><\/p>\n\n\n\n<p>According to reports, CDA expected over PKR 1 billion in the April and May instalments. However, those payments will be collected when the current situation improves.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Capital Development Authority (CDA) board has stated that the payment schedule for auctioned properties would be relaxed due to the COVID-19 outbreak, a news source reported. CDA held its third board meeting of 2020 on Monday. CDA Chairman Amir Ali Ahmed chaired the meeting, while the rest of the board members were present on the occasion. Read: IDWP approves development projects worth PKR 1.35 bn for Islamabad The board said that no delayed payment charges would be levelled against those who submit the instalments due in April and May later than the assigned date. The board deliberated that due to the coronavirus spread and ensuing lockdown, the business community is unable to submit their instalments. Read: Air Quality Index of Islamabad improves amid COVID-19 lockdown CDA sells commercial and residential plots through auction bids and gathers total upfront payment of plots in quarterly instalments. If an individual fails to submit the due payments, they are charged with delayed payment charges \u2013 determined by the finance wing of the civic agency. Read: Bahria Town disinfects Shehzad Town, Islamabad According to reports, CDA expected over PKR 1 billion in the April and May instalments. However, those payments will be collected&hellip;<\/p>\n","protected":false},"author":76,"featured_media":60265,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15012,15017,15020],"tags":[25473,25471,25472],"persona":[],"class_list":{"0":"post-63741","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-allied-industries","8":"category-notices-announcements","9":"category-social-developments","10":"tag-april-and-may-instalments","11":"tag-capital-development-authority-cda-board","12":"tag-cda-chairman-amir-ali-ahmed","13":"cat-15012-id","14":"cat-15017-id","15":"cat-15020-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 relaxes payment schedule for auctioned properties - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad: The Capital Development Authority (CDA) board has stated that the payment schedule for auctioned properties would be relaxed due to the COVID-19\" \/>\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-relaxes-payment-schedule-auctioned-properties.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDA relaxes payment schedule for auctioned properties - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad: The Capital Development Authority (CDA) board has stated that the payment schedule for auctioned properties would be relaxed due to the COVID-19\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cda-relaxes-payment-schedule-auctioned-properties.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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