The Capital Development Authority (CDA) has set the stage for a highly anticipated open auction of commercial and residential plots in Islamabad, offering a golden opportunity for potential investors. This significant event is slated to take place from the 17th to the 20th of October, 2023, at the prestigious Jinnah Convention Centre.
The auction is expected to be highly anticipated, as it is a rare opportunity to purchase land in the capital city of Islamabad. The plots will be auctioned off on a first-come, first-served basis, so interested buyers are encouraged to register early. The auction is expected to attract a large number of bidders, so it is important to be prepared with a competitive offer. The CDA has not yet released the prices of the plots, but they are expected to be high. The auction is a great opportunity for investors and those looking to own property in Islamabad.
Categories and Locations
The auction offers a variety of highly sought-after plots in prime locations throughout Islamabad’s capital territory. The plots offer include a wide range of categories, such as:
- Blue Area
- E-11 Northern Strip
- I-11 Markaz
- Park Enclave Commercial
- Petrol Pumps
- Class-III Shopping Centres
- Agro Farms
- Fruit and Vegetable Shops
- Fresh market opportunities
- IT Center (Commercial)
- Apartment
- Industrial Areas
- Hostels
- Residential Districts
Brochures and Information
Starting from October 2nd, potential investors and buyers can access detailed brochures through the CDA’s one-window directorate and select branches of renowned banks, including HBL, UBL, MCB, Askari Bank, and Bank of Punjab. Moreover, all pertinent information will be readily available on the official CDA website for easy reference.
Investor-Friendly Measures
The CDA is keen on making this auction a hassle-free and investor-friendly experience. To this end, they have introduced several measures aimed at facilitating investors:
Facilitation Teams: Throughout the auction process, facilitation teams will be available to assist investors at every stage, ensuring a smooth experience.
Payment Flexibility: Investors are required to make an initial payment of 25 percent of the bid amount within 30 days of bid acceptance. This flexibility allows investors to secure their plots without immediate full payment.
Advance Tax Collection: Pro-rata advance tax collection ensures that tax obligations are met efficiently.
Building Plan Approval: After securing the plot, investors can expedite the building plan approval process, getting them one step closer to realizing their project.
Construction Initiation: Investors can begin construction work upon full payment, eliminating delays and expediting their ventures.
10 Percent Rebate: Investors who make full payments within 30 days of bid acceptance can enjoy a 10 percent rebate, making it a lucrative deal for early birds.
5 Percent Rebate in USD: Additionally, there’s an extra 5 percent rebate for payments made in US Dollars, further sweetening the deal for international investors.
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Conclusion
In conclusion, the CDA’s open auction of plots in Islamabad is an exciting opportunity for both seasoned investors and first-time buyers. With a wide range of plot categories, investor-friendly measures, and attractive rebates, this auction promises to be a game-changer in Islamabad’s real estate landscape. Whether you’re looking to invest in a commercial venture or find your dream home, mark your calendar for October 17th to 20th, 2023, and don’t miss out on this golden opportunity to secure your future in Islamabad. Stay tuned for further updates on this groundbreaking event!