Capital Development Authority (CDA) has decided to put 26 commercial plots in New Blue Area on auction. The decision was taken by CDA Chairman Mr. Amer Ali. These to-be-auctioned commercial plots in new Blue Area are located in G-9.
As per news sources, this auction is expected to produce at least PKR 30 Billion revenue. New Blue Area also features a 5 Star Hotel. This zone is prominently present in the new Master Plan of Islamabad. Furthermore, it is also decided that 5% of the total generated revenue will be spent on up gradation of the New Blue Area. As of presently, it serves as business & investment hub in the city. Thus, there is an ultimate need of standard amenities & facilities here.
CDA Spokesperson said in order to massively market this auction several marketing tactics will be used. They have majorly used digital mediums, roads shows & every other possible marketing tactic to attract potential investors. Moreover, in order to facilitate the bidders, it is offering a 10% rebate on lump sum payment. Meanwhile, 1 month time period will be given to the winner-bidders to repay its 1st installment (25% of the total amount).