Islamabad: On the third (and final) day of the auction of commercial plots in the New Blue Area held on Friday (July 17), the Capital Development Authority (CDA) reported on the conclusion of ‘successful proceedings’, according to news sources.
The CDA’s auction accepted record highest offers that amounted to PKR 17.04 billion for the 12 commercial plots in phase two of Blue Area. The board of the civic authority will accord the final approval to the highest bids.
After the auction of eight commercial plots for an accumulated PKR 12.76 billion, another four plots were auctioned for PKR 4.25 billion on the last day. CDA Chairman Amer Ali Ahmed expressed gratitude to the investors for their interest and confidence in the government and the authority. He assured the winning bidders that a one-window facility will be offered to facilitate their projects in minimal time. He highlighted that the auction generated more capital than that expected by the authority – more than the sum generated in the whole fiscal year.
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.
