CDA to auction commercial plots in New Blue Area

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).

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