Nauman Khalid, a Member of Technical & Digitization of Capital Development Authority (CDA) on Saturday said that the authority would hold the first action of the plots on January 10, 11 and 12 in F-9 Park, Islamabad.
He along with his team visited the Islamabad Chamber of Commerce and Industry (ICCI) and briefed the business community about the auction of CDA plots, said a press release. CDA would auction a total of 35 plots out of which 11 plots would be auctioned on the first day, 10 on the second day and 14 on the third day, he added.
The categories of plots include Marakaz, Blue Area, Park Road, apartments, hotels, petrol pumps, hospitals, timber, agro-farms, I&T Centers, Aabpara Market, Class-III shopping centers and revision of deferred plots, he added. Nauman Khalid said that CDA would give possession of auctioned plots on payment of 75% of the premium while a 10% rebate would be given on payment of the lumpsum amount.
He also briefed the business community about various development initiatives of CDA including the development of a cycling lane in Islamabad to reduce traffic congestion, the introduction of more bus routes, digitization of land records, automation of approval of building plans and automated parking.
He said that ICCI should cooperate with CDA in making the auction successful. He said that ICCI should give a list of prioritized issues of the business community and CDA would form a team to address them. Ahsan Zafar Bakhtawari, President, ICCI said that CDA should ensure the provision of all required infrastructure and civic amenities for the plots being auctioned to save the investors from unnecessary problems.
