Islamabad: The Capital Development Authority (CDA) Board has approved the auction of over 35 prime commercial plots in various business centers across the city. The decision was made during a meeting held at the CDA Headquarters on Thursday, chaired by CDA Chairman Muhammad Ali Randhawa, with all board members in attendance.
The CDA chairman directed that the commercial plots offered in the auction should cater to different categories of businesses and be equipped with all basic amenities. To encourage investor participation, the authority announced a two-year installment plan for successful bidders. The chairman also emphasized ensuring that the auctioned plots remain free from encroachments to maximize their value and utility.
In addition to the auction, the CDA Board approved several other key initiatives aimed at enhancing the city’s infrastructure and revenue generation. These include the construction of a parking plaza with commercial shops on a CDA-owned plot adjacent to the Centaurus Mall. The move is expected to resolve parking issues in the area and secure the government’s prime land from encroachment. The CDA is also planning another parking plaza in Sector I-8.
The board further sanctioned the procurement of two tree transplanters to facilitate the relocation of trees obstructing development projects. This step aims to ensure environmental conservation while advancing infrastructure initiatives. Previously, the CDA relied on renting transplanters from other departments, but with this purchase, the process will become more efficient and cost-effective.
The auction of commercial plots, alongside the development of new infrastructure, is part of the CDA’s broader strategy to boost revenue streams and improve urban facilities in Islamabad. The initiative is expected to attract significant investment and contribute to the city’s growth.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
