CDA Announces Auction Schedule Of New Blue Area Commercial Plots

New Blue Area Islamabad is proposed in F-8/G-8 or at the end of G-9 opposite to F-9 park in Islamabad. Auction program of commercial plots in New Blue Area Islamabad as declared by Capital Development Authority. These commercial plots are called as fundamental business district advertisements or CBD advertisements. This investment will be the life opportunity for investors and companies to get a plot within this industrial center of Islamabad.

Auction Location and event

The auction for business plots of new blue area Islamabad is going to likely be held in Jinnah Convention Center Islamabad. The date of the auction is 15th, 16th and 17th of July, 2020. The starting time of bidding process will be from 10:00 am.

Significance according to Business perspective

Jinnah Avenue is one of the most major boulevards of Islamabad which reflects significant business value. Thousands and thousands of individuals visit this place on daily basis. Virtually all large companies have their head offices within this region, and several are waiting to start up if they catch any empty place with this busiest area of Islamabad.

Following are the business ideas which can work in new blue area Islamabad:

  • Shopping centers
  • Hotels and restaurants
  • Food courts
  • Petrol stations
  • Business Offices
  • Banks

Additionally, due to prime and ideal location, industrial plots in this area might also be used for multi-storey luxury flats complex jobs.

Sizes of commercial plots

CDA will split out various business plot sizes from the blue region of Islamabad. Smallest plot size is 600 Square Yards, for example 1.2 Kanal and maximum plot size is 10,000 Square Yards, which is 20 Kanals.

AUCTION OF NEW BLUE AREA COMMERCIAL PLOTS ON 15th, 16th AND 17th JULY:

Islamabad: June 22, 2020: Capital Development Authority will auction New Blue Area commercial plots on 15th, 16th,and 17th July. The auction proceedings will be held at Jinnah Convention Centre Islamabad from 10 am onwards on all three days. Capital Development Authority has issued advertisements to this effect in print media. The auction of New Blue Area plots was earlier scheduled to be held April of current year but was postponed due to Covid-19 related lock down. Now CDA Administration has decided to hold open auction of same plots in the mid of July.

“Blue Area, New Vision” is the badge of Capital Development Authority which reflects foresight of Capital Development Authority Administration regarding upcoming auction of New Blue Area plots because this will provide a unique opportunity for businessmen and investors to promote their businesses and brands in the newly developed business hub of the capital. Capital Development Authority Administration has taken special initiatives for prospective bidders which include dedicated team to facilitate investors at every step, first installment of 25% within 30 days of bid acceptance letter, building plan approval facility after first installment construction to start on full payment, 10% discount on full payment in advance, advance income tax on pro rata basis, 100% coverage for less than 1000 Sq.Yd. plots, 70% to 75% ground coverage for plots above 1000 Sq. yd, every plot with all round circulation strip, Ample public parking and application of newly developed building bylaws.

The auction of New Blue Area plots is a reflection of commitment by CDA Administration to be part of government’s efforts to promote business and investment opportunities in the country. The income from the auction of plots will be mainly spent for funding development projects in Islamabad. Further details of the auction of plots is available at CDA website .Details and brochures are available at One Window Directorate CDA and designated branches of MCB Bank, Askari Bank, HBL and Bank of Punjab.

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Author: admin

Started Real estate business as Mariner Property Services in Islamabad after retirement as Merchant Ship Captain 2004. Real estate always fascinated me as myself was investor in Real estate and I am still an investor. I found out that serious investors need a serious, sincere and honest adviser. I do very selected deals free of any doubt

2 thoughts on “CDA Announces Auction Schedule Of New Blue Area Commercial Plots”

  1. Major sb this is Bashir from sellmore property gulberg Greens
    What will b the expected per sqf price and also inform abt installments period if any.
    Regards

    1. Bashir sb. Price depends on bidders in auction. To participate in auction u have to get brochure from cda.
      Installment plan is given in Brochure.
      BRGDS

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