Capital Development Authority to hold auction of Commercial Plots

Capital Development Authority to hold auction of Commercial Plots

Islamabad: On the directions of Chairman Capital Development Authority (CDA), Imtiaz Inayat Elahi, all arrangements for auction of commercial plots have been finalized, which is scheduled to be held on 21st July here at Islamabad Hotel (Holiday Inn) situated in Sector G-6 Civic Centre.

A high level meeting to review progress on arrangements for auction of commercial plots was held here at CDA Headquarters. Chairman CDA, Imtiaz Inayat Elahi presided the meeting. Board Members of CDA and officers of the concerned formations of the Authority were also present on the occasion.

Chairman CDA said that Islamabad is the only planned city of the country where the people from other cities desire for accommodations, whereas people from business community also want to have their business settled in this beautiful city, adding that CDA is providing an opportunity to the businessmen for participation in the upcoming auction for safe investment in the Federal Capital. This auction would also enhance business and investment activities in the city, said the Chairman CDA.

The auction committee comprising of Member Finance, Saeed-ur-Rehman (being its head), Member Planning and Design, Tahir Shamshad, Member Estate, Khalid Mirza, Director Estate Management-I, Director Estate Management-II, Director One Window Operation, Deputy Financial Advisor and Director Public Relations, which would ensure smooth execution of auction process. On the direction of Chairman CDA, the committee would submit its recommendations regarding auction of commercial plot to the CDA Board for final approval.

The Chairman was apprised that full-fledged advertisement for auction of commercial plots has been released in the national media for information of the public while advertisement would also be telecasted on prominent TV Channels to ensure maximum participation of interested people from all parts of the country.

He was further apprised that CDA will offer commercial plots of different sizes in marakiz including plot measuring 711.11 square yard in Markaz F-6, plot measuring 355.55 square yard in Markaz F-7, Plot measuring 666.66 square yard in Markaz F-8, plot measuring 844.44 square yard in Markaz F-11, Plot measuring 1777.78 square yard in Markaz G-11 and Plot No.8 Markaz G-11. A commercial plot measuring 1777.78 situated in Markaz F-11 would also be offered for auction for establishment of hospital. Brochures for auction of commercial plots are available at One Window Operation in CDA Headquarters with all necessary information as well as terms and conditions.

For more information, contact:
Public Relations Directorate
Capital Development Authority (CDA)
Main Office, G-7/4, Islamabad
Tel: +9251 925 2614
Email: getreply@cda.gov.pk

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