The Capital Development Authority (CDA) has announced an open auction for premium commercial plots in the heart of Islamabad, offering a lucrative investment opportunity for local and overseas investors. The plots are designated for 5-star hotel development, making them a prime attraction for those looking to tap into Islamabad’s booming hospitality sector.
Auction Details
CDA is offering these premium commercial plots through a public auction. The auction will take place on 17th December 2024 at the prestigious Jinnah Convention Centre, Islamabad, from 14:00 to 23:30 PST.
Available Plots
Following premium commercial plots in Sector F-5, Islamabad are currently available for auction by CDA:
- Plot No. 6: measuring 21,777.77 square yards (~43.55 Kanals)
- Plot No. 8: measuring 18,055.55 square yards (~36.11 Kanals)
Special Terms for Buyers
Following are some important terms of the auction for prospective buyers:
- Payment Plan: Buyers can benefit from a flexible 2-year payment plan.
- Possession Terms: Possession will be granted after 75% of the payment is made.
- Early Payment Rebate: A 10% rebate will be offered for those who complete full payment within 30 days.
- Plan Approval: Initial plan approval will be provided after 25% of the payment.
Guidelines for Overseas Investors
Following are some important guidelines for Overseas Investors:
- Overseas investors or firms must acquire auction tokens at least one day before the auction date.
- A deposit of PKR 100 million is required as token money.
Bank Details for Token Payment
To facilitate overseas investors, CDA has provided multiple banking channels, including MCB Bank, Askari Bank, and Habib Bank. Additionally, the Roshan Digital Account (RDA) channel is available to streamline payment processes.
Following are the bank account details for Overseas Investors:
MCB Bank: PK46MUCB0527767141001138
Askari Bank: PK84ASCM0001871650000024
Habib Bank: PK16HABB0006027000325701
Why Invest in Sector F-5?
Sector F-5 is a most attractive location in Islamabad, offering unparalleled connectivity and a scenic setting close to major landmarks such as the Faisal Mosque and key business hubs. Investing in this area ensures high returns, especially given the increasing demand for luxury accommodations in the federal capital. The auction targets investors keen to capitalize on Islamabad’s potential as a center for high-end tourism and business.
This initiative by CDA aligns with Islamabad’s vision of fostering urban development while creating opportunities for economic growth through public-private partnerships.
Final Thoughts
For investors seeking secure and high-return opportunities, this open auction represents an unparalleled chance to establish a presence in Islamabad’s thriving real estate and hospitality market. With flexible payment options and attractive incentives, these commercial plots are bound to draw significant attention.
For further details, investors can contact the Directorate of Estate Management-II, CDA, via email at dd.estatemgt2@cda.gov.pk or call 0321-5033313 or 0300-4476685.
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