Daily Times

ISLAMABAD: The Capital Development Authority (CDA) has finalised the arrangements for a three-day auction of commercial plots including those of Blue Area, Islamabad.

The auction will commence from March 27, 2018 and will conclude on March 29 at the Jinnah Convention Centre, Islamabad.

In order to ensure transparency in auction proceedings, CDA Chairman Usman Akhtar Bajwa has approved the constitution of a high level 11 members committee headed by CDA Member Finance Dr Fahad Haroon Aziz. The auction committee includes Planning & Design Member Asad Mehboob Kiyani, Estate Member Khushal Khan, deputy director general estate, deputy director general law, deputy financial advisor-II, public relations director, regional planning director, urban planning director, estate management director and finance deputy director along with other members.

In order to finalise arrangements of the upcoming auction, a meeting of the auction committee was held at CDA headquarters which was chaired by finance member Dr Fahad Haroon Aziz.

The committee was told that during the three days auction, two commercial plots of Blue Area for construction of high-rise buildings will be presented for auction in addition to 22 plots for class-III shopping centres.

Out of these class-III shopping centre plots, two plots are located in sector F-6, one in sector F-8, two in sector F-10, two in sector F-11, one plot in sector G-10, three in sector G-11, four in sector D-12, one in sector I-8, two plots in sector I-11, one class-III shopping centre in Shahzad Town and three in sector I-14.

Similarly, seven commercial plots are located in different marakiz including two plots in Markaz D-12, two plots in Markaz I-8 and three commercial plots in Diplomatic Enclave would be also presented for auction. During the three days auction, three plots for construction of apartments located in Markaz F-10, G-11/1 and G-11/3 would be auctioned during the three days auction. Similarly, one hospital plot in Markaz G-11, one hotel plot in Markaz G-11, one filling station plot in Blue Area / F-7 and one petrol pump plot in G-8/1 Mauve Area are being arranged to be presented for auction. Moreover, one commercial plot in community core sector H-8/2, one commercial plot H-11/4, two commercial plots in Margalla Town Phase-II and two industrial plots in sector I-10/3 are also in the list of plots which would be presented in the upcoming auction.

Published in Daily Times, March 25^th 2018.