Imarat

CDA set to host Open Auction of commercial plots on 4,5 August

ISLAMABAD: The Capital Development Authority (CDA) is all set to host an ‘Open Auction’ to sell commercial plots of different categories on August 4 and 5, 2021.

The auctioning event to be held at Convention Centre will also include plots in the Blue Area.

This initiative will serve as an opportunity for investors and businesses to promote businesses in the federal capital.

To accommodate the bidders, the authority has approved several measures, including the first instalment of 25% paid within 30 days of the acceptance of the bid.

In addition, a 10% discount on a full payment within 30 days of the bid acceptance letter.

The authority has also announced providing a building plan approval facility after the first instalment and construction to start on full payment, advance income tax on a pro-rata basis.

 

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