CDA to hold Auction of Residential & Commercial plots in April

ISLAMABAD: Capital Development Authority (CDA) has decided to hold the auction of residential and commercial plots located at prime locations in Federal Capital. These plots would be auctioned in four days auction which will commence from April 8, 2019 and will be concluded on April 11, 2019 at Jinnah Convention Centre.

This decision was taken in the meeting of the CDA Board held on Monday which was attended by members of the CDA Board.

During the four days auction, residential plots located in the pure developed sectors and commercial plots located at prime locations would be auctioned.

CDA to hold Auction of Residential & Commercial plots in April

During the first two days of the auction, residential plots located in purely developed sectors would be presented for auction while commercial plots of different categories including plots of Blue Area, developed markaz, hospitals, and class –III shopping centers etc of developed sectors would also be auctioned on April 10 & 11, 2019.

In order to ensure transparency in the matter, CDA Board has also constituted a high level committee to supervise auction proceedings. The committee would be headed by the Member Finance while Member Planning & Design, Member Estate, Deputy Director General (Law), Deputy Financial Advisor-II, Director Public Relations, Director Regional Planning, Director Urban Planning, Director Estate Management-I, Director Estate Management-II and Deputy Director Costing are members of this committee.

The committee will submit its recommendations to CDA Board which is competent forum to approve the bids.