CDA to auction 81 residential, commercial plots in developed sectors


ISLAMABAD: Capital Development Authority (CDA) will hold an auction of 81 residential and commercial plots of various sizes and categories located at prime locations in the federal capital.

These plots will be auctioned in four days auction to be commenced from April 8, and will be continued till April 11 at Jinnah Convention Centre.

During the four days of the auction, residential plots located in the purely developed sectors and commercial plots located at prime locations will be auctioned.

During the first two days, residential plots located in purely developed sectors will be presented for auction while commercial plots of different categories including plots of Blue Area, developed marakiz, hospitals and class –III shopping centres etc. of developed sectors will also be auctioned on April 10 and 11.

In order to ensure transparency in the matter, the CDA Board has also constituted a high-level committee to supervise auction proceedings.

The committee will be headed by the Member Finance while Member Planning and Design, Member Estate, Deputy Director General (Law), Deputy Financial Advisor-II, Director Public Relations, Director Regional Planning, Director Urban Planning, Director Estate Management-I, Director Estate Management-II and Deputy Director Costing are members of this committee.

The committee will submit its recommendations to CDA Board which is a competent forum to approve the bids.