Islamabad: The Capital Development Authority (CDA) has decided to auction 45 plots of different categories across the city in an auction to be held from May 29 to 31, 2023, at Convention Center Islamabad, a news source reported on May 5.
In this regard, a special board meeting was held CDA to discuss matters related to auctioning of plots. CDA Chairman Noorul Amin Mengal headed the meeting, which was attended by the board members. The civic agency decided to sell more plots in order to meet the growing needs of the city and to fund multiple development projects. It was shared that the meeting approved the proposal and directed the CDA Estate Wing to proceed with it.
The news source shared that multi-billion projects are underway in the city and the pace of work in the last few months has been slow due to non-payment to the contractors. The senior officials of CDA stated that civic agency should explore different revenue generation options.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
