{"id":99686,"date":"2024-10-03T12:29:16","date_gmt":"2024-10-03T07:29:16","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=99686"},"modified":"2024-10-03T12:29:18","modified_gmt":"2024-10-03T07:29:18","slug":"cda-auction-day-2-brings-more-revenue","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/cda-auction-day-2-brings-more-revenue.html","title":{"rendered":"CDA Auction Day 2: Strong investor response drives over PKR 12 bn property deals"},"content":{"rendered":"\n<p>Islamabad: The Capital Development Authority (CDA) auctioned six commercial plots on Wednesday, generating over PKR 12.45 billion on the 2<sup>nd<\/sup> day at the ongoing auction event, as reported by a news source on October 3.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/cda-auction-grabs-major-revenue-day-1.html\" target=\"_blank\" rel=\"noreferrer noopener\">CDA Auction Day 1: Investors\u2019 confidence fuels PKR 11 bn sales<\/a><\/p>\n\n\n\n<p>As shared in the details, the event was held at the Gandhara Citizen Centre, F-9 Park, Islamabad. The auction, which commenced on October 1, is set to continue until October 3. Notably, a plot on Garden Avenue, designated for a hotel, was sold for PKR 1.48 billion on the second day. Other commercial plots available for auction include those intended for motels, apartments, and shopping centers located in key areas of Islamabad. The auction is overseen by a committee headed by CDA Member Finance Tahir Naeem and Estate Management-II Director Tabinda Tariq.<\/p>\n\n\n\n<p><strong>Read: <\/strong><a href=\"https:\/\/www.zameen.com\/news\/belarus-keen-on-working-with-cda.html\" target=\"_blank\" rel=\"noreferrer noopener\">Belarus keen on working with CDA in acquiring electric buses<\/a><\/p>\n\n\n\n<p>Investors are offered several incentives, such as a two-year payment plan, possession of the plot after 75% payment, and up to a 15% discount for full or USD payments. All bids will be reviewed before receiving final approval from the CDA Board.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Islamabad: The Capital Development Authority (CDA) auctioned six commercial plots on Wednesday, generating over PKR 12.45 billion on the 2nd day at the ongoing auction event, as reported by a news source on October 3. Read: CDA Auction Day 1: Investors\u2019 confidence fuels PKR 11 bn sales As shared in the details, the event was held at the Gandhara Citizen Centre, F-9 Park, Islamabad. The auction, which commenced on October 1, is set to continue until October 3. Notably, a plot on Garden Avenue, designated for a hotel, was sold for PKR 1.48 billion on the second day. Other commercial plots available for auction include those intended for motels, apartments, and shopping centers located in key areas of Islamabad. The auction is overseen by a committee headed by CDA Member Finance Tahir Naeem and Estate Management-II Director Tabinda Tariq. Read: Belarus keen on working with CDA in acquiring electric buses Investors are offered several incentives, such as a two-year payment plan, possession of the plot after 75% payment, and up to a 15% discount for full or USD payments. All bids will be reviewed before receiving final approval from the CDA Board.<\/p>\n","protected":false},"author":88,"featured_media":98184,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15017],"tags":[21514,54485],"persona":[],"class_list":{"0":"post-99686","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-notices-announcements","8":"tag-capital-development-authority-cda","9":"tag-cda-news-and-updates","10":"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 Day 2 Brings in More Revenue - Zameen News<\/title>\n<meta name=\"description\" content=\"Islamabad&#039;s CDA auctioned six commercial plots, raising over PKR 12.45 billion on the second day of the event, according to reports.\" \/>\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-day-2-brings-more-revenue.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"CDA Auction Day 2 Brings in More Revenue - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Islamabad&#039;s CDA auctioned six commercial plots, raising over PKR 12.45 billion on the second day of the event, according to reports.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/cda-auction-day-2-brings-more-revenue.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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