ISLAMABAD, Pakistan: The Capital Development Authority (CDA) has finalized preparations to hold the auction of Blue Area Commercial Plots on July 15, 16, and 17 at Jinnah Convention Center in Islamabad.
The auction is being held in line with government policy to promote economic and investment activities in the Country.
The Capital Development Authority is offering a wide variety of plots ranging between 600 square yards to 10000 square yards for purposes ranging from petrol pump to hotel.
The CDA is trying to attract maximum investors to participate in the auction.
The print and electronic media advertisement campaigns are being run through leading newspapers and television channels for this purpose.
Bill Boards have been installed in major Cities including Lahore and Peshawar.
Similarly, banners and steamers have been installed across Islamabad.
Blue Area, New Vision is the badge of the CDA which reflects foresight of Capital Development Authority Administration regarding the upcoming auction of New Blue Area plots because this will provide a unique opportunity for businessmen and investors to promote their businesses and brands in the newly developed business hub of the capital.
The CDA Administration has taken special initiatives for prospective bidders which include the dedicated team to facilitate investors at every step, the first installment of 25 percent within 30 days of bid acceptance, building plan approval facility after the first installment, 10 percent discount on full payment in advance, advance income tax on pro-rata basis and 100 percent coverage for less than 1000 square yards plots, 70 to 75 percent coverage for plots size more than 1000 square yards, every plot with all-round circulation strip, ample public parking, and application of newly developed building bye-laws are also among special initiatives taken for investors for New Blue Area plots.
The CDA has constituted a 10-member Committee to conduct the auction.
Member Finance CDA will be Chairman of the Committee while Member Estate, Member P & D, DFA II, DG Law, Director Public Relations, Director Urban Planning, Director Regional Planning, Director EM II, and Director Finance will be members of the Committee.
