CDA to hold first auction of FY 2024 on January 10, 11 & 12, 2024
ISLAMABAD ( Web News )
Nauman Khalid, Member Technical & Digitization, CDA along with his team visited Islamabad Chamber of Commerce & Industry (ICCI) and briefed the business community about the auction of CDA plots on January 10, 11 & 12, 2024 in F-9 Park, Islamabad. 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. 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.
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, etc. He said that ICCI should cooperate with CDA in making 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, Islamabad Chamber of Commerce & Industry 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. He said that CDA should introduce mobile apps to provide online services to the business community and the citizens regarding approval of building plans and other plot-related matters. He said that the CDA should set up its Facilitation Desk in ICCI to facilitate the business community in CDA-related affairs. He stressed for replacement of old sewerage lines with new ones and the development of markets. He assured that ICCI would cooperate in mobilizing investors for active participation in the CDA’s auction of plots.
Engr. Azhar ul Islam Zafar, Vice President ICCI shared many useful ideas to make the auction process of CDA more attractive which would get the attention of local and foreign investors.
Khalid Iqbal Malik, Group Leader ICCI emphasized that CDA should utilize the revenue generated from the auction of plots for the better development of markets and the city.
Muhammad Ejaz Abbasi, former President ICCI said that CDA should consider giving possession of auctioned plots on payment of 25% of the downpayment with timelines for completion of projects on auctioned plots.
Ms. Tabinda Tariq, Director Estate-II and Tariq Lateef, Head of Treasury CDA also briefed the business community about the auction of plots.
Khalid Chaudhry, Ashfaq Chatha, Maqsood Tabish and others also gave suggestions to make CDA auction successful.