ISLAMABAD: In order to generate funds for the Capital Development Authority (CDA) has decided to hold an auction of 81 residential and commercial plots of various sizes and categories located at prime locations in the federal capital.
The said plots will be auctioned off in a period of four days commencing from April 8.to April 11, at the Jinnah Convention Centre.
Residential as well as commercial plots located in prime developed sectors of the capital will be put on the anvil.
During the first two days of auction, bidding will be exclusively for residential plots located in developed sectors while commercial plots of different categories including plots of Blue Area, developed marakiz, hospitals and class -III shopping centres of developed sectors would also be auctioned on the last two days.
In order to ensure transparency in the matter, CDA Board has also constituted a high level committee to supervise the auction proceedings.
The committee will 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 will be members of this committee.
The committee will submit its recommendations to CDA Board which is the relevant and competent forum to approve the bids.
Meanwhile as part of the prime minister’s clean green Pakistan campaign, ICT Administration with support of Capital Development Authority (CDA) and Metropolitan Corporation of Islamabad (MCI) have planted around 3,000 saplings so far in Sector E-10 and F-10.
