Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
CDA Decided to Auction Commercial & Residential Plots Next Month
09-30-2023, 04:55 PM
Post: #1
CDA Decided to Auction Commercial & Residential Plots Next Month

CDA Decided to Auction Commercial & Residential Plots Next Month

Islamabad: According to news stories dated September 28, the Capital Development Authority (CDA) is getting ready to start an auction of commercial and residential plots, including a range of sizes and classifications, slated from October 17 to 20 at the Jinnah Convention Centre. The main goals of this auction are to increase the authority's revenue production and to persuade investors to take advantage of this exciting opportunity.

A representative from the CDA emphasized that potential investors are urged to participate in this auction since it offers a fantastic chance to purchase residential and business plots in the federal capital with full legal protection. The auction, which will cover various areas inside the boundaries of the capital city of Islamabad, will end on October 20.

The official claims that real estate specialists consider this opportunity to be a must-have investment opportunity for both domestic and foreign investors. A wide variety of plot types are available, including those in the Blue Area, Marakaz, E-11 Northern Strip, Park Enclave Commercial, Petrol Pumps, Class-III Shopping Centers, Agro Farms, Fruit and Vegetable Shops, IT Centre (Commercial), Apartments, Industrial, Hostels, Residential, and I-11 Markets. Brochures are available to interested persons beginning on October 2nd at the one-window directorate of the CDA and specific branches of HBL, UBL, MCB, Askari Bank, and Bank of Punjab.

The data can also be accessed via the official CDA website at http://www.cda.gov.pk. The official emphasized the existence of a dedicated facilitation staff at each stage of the process to assist potential investors. Within 30 days of the bid being accepted, the winning bidder must submit an initial payment of 25% of the winning bid. The representative added that the advance tax would be charged pro rata after the initial payment. Construction work can begin following approval of the building plan and complete payment.In addition, the CDA is providing a 10% discount for complete payments made within 30 days of receiving the notice of bid acceptance, plus an extra 5% rebate for payments made in US dollars.

Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Punjab Chief Minister Announces Anticipated Opening of LRR SL-3 by Month-End LRE-Azan 0 313 01-12-2024 02:17 PM
Last Post: LRE-Azan
  DHAI-R Announces 2nd Ballot for Residential Plots in River View South Phase-IV LRE-Azan 0 319 01-12-2024 02:15 PM
Last Post: LRE-Azan
  LDA City is set to hand over plot possessions next month LRE-Azan 0 291 11-24-2023 04:30 PM
Last Post: LRE-Azan
  LDA Major Infrastructure Projects in Lahore to Open to Traffic This Month LRE-Azan 0 298 11-08-2023 06:52 PM
Last Post: LRE-Azan
  FGEHA Launched Residential Plots In Sector F-12, G-12 For Local And Overseas Pakistan LRE-Azan 0 508 08-31-2023 07:13 PM
Last Post: LRE-Azan
  R&M Tower-LHR offers Commercial/ Residential units on 3-year instalment plan LRE-Azan 0 733 01-26-2023 03:13 PM
Last Post: LRE-Azan
  IJP Road to open to traffic by the end of month LRE-Azan 0 730 01-26-2023 03:05 PM
Last Post: LRE-Azan
  GOVT HAS DECIDED LIMIT THE AMOUNT OF FOREIGN CURRENCY PURCHASED PER PERSON LRE-Azan 0 842 11-08-2022 06:46 PM
Last Post: LRE-Azan
  Lahore: 1 Thousand Residential & Commercial Buildings Map Approvals were Suspended LRE-Azan 0 1,232 11-08-2021 08:10 PM
Last Post: LRE-Azan
  Islamabad: Work on Bhara Kahu Bypass to Start Next Month LRE-Azan 0 1,091 11-02-2021 06:34 PM
Last Post: LRE-Azan
  GIEDA had Completely Ignored the Rules in allotting Commercial & Industrial plots LRE-Azan 0 5,396 01-03-2018 04:43 PM
Last Post: LRE-Azan
  Grand Avenue Lahore Residential Plots For Sale 24 Sep 2016 Salman 0 6,288 09-24-2016 12:51 PM
Last Post: Salman
  Possession Plots Detail of Sector A,B,C & D Commercial Broadway Ph-VIII DHA Lahore Salman 0 6,156 04-30-2015 06:39 PM
Last Post: Salman
  Metro Bus service will start functioning by the end of the next month. Salman 0 5,172 04-30-2015 05:19 PM
Last Post: Salman
  CDA Collected Rs6 billion from Plots Auction Salman 0 4,594 04-24-2015 03:11 PM
Last Post: Salman
  Subsidy sharing formula of Metro project decided Salman 0 4,961 04-18-2015 05:11 PM
Last Post: Salman
  CDA Plans To Launch Campaign Against Commercial Activities In Residential Zones Salman 0 4,640 03-31-2014 07:32 PM
Last Post: Salman
  CDA finalises arrangements for auction of commercial plots Salman 0 4,932 03-26-2014 06:36 PM
Last Post: Salman
  CDA’s commercial plots auction from April 2nd Salman 0 4,838 03-22-2014 06:07 PM
Last Post: Salman
  Islamabad CDA to auction commercial plots from next month Salman 0 5,176 03-17-2014 01:30 PM
Last Post: Salman

Forum Jump:


User(s) browsing this thread: 2 Guest(s)