The Capital Development Authority (CDA) has announced the sale of commercial plots across developed sectors of Islamabad through an open auction that is open to both local and overseas Pakistanis. Anyone interested in participation in the property auction is required to purchase CDA Auction Brochure. The property auction is planned for October 1-3, 2024. CDA had already held open auctions in 2023 offering commercial plots, petrol pump plots, Agro Farms, Industrial plots, and other property categories.
How to Participate in the Open Auction of CDA Commercial Plots?
Interested individuals and firms are required to register by purchasing CDA Open Auction Brochures. These open auction brochures are available starting from September 5 2024 at the One-Window Directorate of CDA, and across selected branches of HBL, UBL, MCB, Askari Bank, and Bank of Punjab.
What are the dates, time, and venue for the CDA Open Auction for Commercial Plots?
The venue for the CDA open auction is the Gandhara Citizen Club situated in F-9 Park Islamabad. The CDA Open Auction of Commercial Plots will be held on October 1-3, 2024. The time for the CDA Open Auction will start daily at 10am in the morning.
Who can participate in the CDA Open Auction for Commercial Plots?
Both individuals and firms are eligible to participate in the CDA Open Auction for Commercial Plots on October 1-3, 2024. This includes both resident and overseas Pakistanis.
What are the Property Categories on offer at the CDA Open Auction of Commercial Plots?
- Blue Area
- Marakaz
- Motels
- Industrial Plots
- Agro Farms
- Class III Shopping Centre
What incentives does CDA offer for both Resident and Overseas Pakistanis?
Discounts up to 15%
- CDA offers a rebate of 10% on the total value if the payment is made within One month of final acceptance of bid.
- CDA offers a further rebate of 5% on the total value if the payment is made in US Dollars through banking channel.
Easy Payment Terms
- Successful bidders can now pay the full value over a period of Two years, earlier One year, through Six equal instalments of the remaining 75% of bid value.
- CDA will collect tax on pro-rata basis or as per the applicable Finance Act.
Friendly Construction Policies
- CDA will approve building plans after payment of an initial 25%.
- CDA will not charge for site and marketing offices during the construction period approved by CDA.
CDA will give possession after payment of 75% of premium, subject to provision of valid Bank Guarantee corresponding to the remaining amount.
Where to find further information about CDA Open Auction for Commercial Plots?
Capital Development Authority
Directorate of Estate Management – II
Telephone: 051-9252481
