Islamabad: The Capital Development Authority (CDA) is considering postponing its auction of commercial plots in Blue Area – scheduled from April 14 to April 16 – in the wake of the recent outbreak of the COVID-19 pandemic, according to news sources.
The civic authority had announced the said auction of commercial plots located in the Sector G-9 section of the Blue Area last month. As per the reports, the auction was expected to fetch PKR 300 billion in revenue. Last month, Prime Minister (PM) Imran Khan also visited the site to observe the plots and their layout plans.
In
the wake of the spread of the novel coronavirus, the auction is likely to be
postponed. A CDA official said that since there are lockdowns in place in the Punjab
and Sindh provinces, investors would not be able to attend the auction; making
it difficult to achieve the aforementioned revenue targets. He added that auctions
required a calm and friendly environment, which was hard to maintain during the
current COVID-19 pandemic situation.
Chairman
CDA Amer Ali Ahmed stated that the present situation would be reviewed in the
coming days for a final decision. It has also been reported that after this
auction, the CDA intends to aid the Naya Pakistan Housing Authority (NPHA) to
provide better amenities to slum residents as it will soon launch a project in
Sector I-9 to allot apartment to katchi abadi dwellers (slum residents).
Hazafa reveres the art of writing and has been turned into a property enthusiast by profession. Her daily survival kit includes; tea, coffee, keyboard and paperbacks.
