ISLAMABAD: The cash-strapped Capital Development Authority (CDA) is all set to auction 80 residential and commercial plots located at prime locations in the capital.
The open auctions would be spread over three-days from May 16 to May 18 at the Jinnah Convention Centre.
“In order to ensure transparency in the auction proceedings, Islamabad Mayor and CDA Chairman Sheikh Anser Aziz has constituted a high-level committee which would supervise the three-day auction,” an official of the civic agency said.
On the first day of the auction, as many as 37 residential plots located in the developed sectors are expected to be presented for bidding.
On the second and third days, as many as 43 commercial plots of different categories are expected to be auctioned.
The commercial plots which would be presented for auction are of different categories.
Of these, 24 plots are for class-III shopping centres, including two three days located in Sector F-6/2, one in sector F-8/3, one in Sector G-10/3, one in Sector G-11/2, two in Sector D-12/2, two plots in Sector H-11/4, one in Sector I-11/1, one in Sector I-11/2, two in Sector I-14/1, three in Sector I-14/2, one in Sector I-14/3, two in Sector I-14/4, and one in Sector I-16/2.
Moreover, four class-III shopping centre plots are located in Sector G-11/4.
Similarly, nine commercial plots in different Markaz would be up for bidding. These include two plots in Sector F-11 Markaz, three plots in Sector D-12 Markaz, two plots in Park Enclave-I and two plots in Blue Area.
Further, one plot of diplomatic Enclave for apartment purpose and one economy flats plot of Sector G-11/3. During the upcoming auction, two plots meant for hotel purpose located in Sector G-11 Markaz and Sector I-8 would be presented for auction.
Moreover, three petrol pump plots located in Sector G-11 Markaz, Mauve Area and park Road would be also presented for auction. Furthermore, one automobile workshop plot in Sector I-10/3, one timber market plot located in Sector I-11/2 and one plot in Orchard Scheme Murree Road.
Residential plots which would be presented for auction are located in Sectors G-10/2, F-11/2, D-12/3 and D-12/1.
The mayor has constituted an auction committee which would be headed by Member Finance Dr Haroon Aziz. Other members of the committee include Member Planning and Design Asad Mehboob Kiyani, finance director general, general estate deputy director, General (Law)deputy director, public relations director, regional planning director, urban planning director and estate management-II director.
The committee will submit its recommendations to the CDA Board which would ultimately approve the bids.
Published in The Express Tribune, May 13th, 2017.