Islamabad: The Capital Development Authority (CDA) is set to hold an open auction for prime commercial plots at the Jinnah Convention Centre in Islamabad, as claimed by a news article on February 18.
According to the details, the auction will be held from February 25 to 28, 2025. Beginning daily at 10:00 AM, the event will present a lucrative opportunity for investors seeking high-value commercial real estate in the capital.
A diverse selection of plots will be available, including commercial centres, industrial plots, apartment sites, Park Enclave commercial plots, Class-III shopping centres, and constructed shops in Blue Area parking plazas. Additionally, premium commercial plots in the Blue Area will be up for bidding, offering a rare chance to acquire property in one of Islamabad’s most sought-after business districts.
To attract investors, CDA has introduced several incentives, such as a 5% rebate on payments made in U.S. dollars and a 10% discount for those who complete full payment within one month. Building plan approvals will be granted upon an initial payment of 25%, while site and marketing office charges will be waived during the approved construction period.
A flexible payment plan allows the remaining 75% to be paid in six equal instalments over two years. Possession of plots will be handed over after 75% of the payment is made, with a valid bank guarantee ensuring the completion of the transaction.
Brochures containing detailed information about the auction will be available at the CDA Facilitation Centre and the Directorate of Estate Management II starting February 14, 2025.
As a graduate in English Literature, Zohaib believes that words are not just a mere figment of imagination. It takes wisdom to be good at them. Following this reason, he is pursuing his career as Public Relations and Content Specialist at Zameen.com.
