FGEHA to Auction Commercial Plots in G-13 and G-14 Sectors
The Federal Government Employees Housing Authority (FGEHA) has announced an auction for commercial plots in G-13 and G-14 sectors of Islamabad, providing an opportunity for interested individuals and businesses to invest in premium real estate. This auction is set to take place on November 13 and 14, 2024, at the G-10 FGEHA head office in Islamabad. Here’s a detailed overview of the auction announcement.
Auction Overview
FGEHA has opened up various commercial plots for auction in prime sectors of Islamabad, such as G-13/3, G-14/2, G-14/3, and G-14 Markaz. This auction will provide significant opportunities for investors and developers to acquire plots in some of the most sought-after areas in the capital city. The auction includes a diverse range of plot types for commercial use, mixed-use, and apartment complexes, ensuring options for various business and investment needs.
Locations and Sizes of Commercial Plots
FGEHA is set to auction a limited number of premium commercial plots, including a petrol pump plot, a mixed-use apartments plot, and several other commercial plots in sectors G-13 and G-14.
The details of the plots are as follows:
- Various sizes of commercial plots in G-14 Markaz
- Class 3 Shopping Center commercial plots in G-13, G-14/2, and G-14/3
- Petrol pump plot in G-13 Mauve Area (Srinagar Highway)
- Mixed-use/apartment plot opposite G-13 Markaz
We have taken some screenshots of the location maps for the plots available in the auction, which are shared below:
As you can see above, the commercial plots marked in blue are currently available for auction. The plot sizes range from as small as 46.44 Square Yards up to as large as 2602 Square Yards.
Attractive Payment Plans
To ease the investment process, FGEHA offers flexible payment options for successful bidders. Investors can opt to pay in installments over 2 years, making the acquisition of valuable property more accessible. Additionally, a 10% discount is available for those who pay the full amount upfront, providing an incentive for those who wish to complete their transaction in a single payment. This flexibility allows both individual investors and corporate entities to participate without immediate financial strain.
Discounts and Incentives for Overseas Pakistanis
Understanding the interest of overseas Pakistanis in investing in their home country, FGEHA has extended a special 5% discount to Pakistanis living abroad. This initiative aims to facilitate overseas citizens who wish to contribute to Pakistan’s development while gaining a foothold in the local real estate market. This discount could make a significant difference in the final cost for overseas bidders, further encouraging their participation in the auction.
Modern Facilities and Prime Locations
The plots up for auction are situated in areas with excellent facilities, including access to main roads and proximity to established residential and commercial areas. Key highlights include:
- Strategic Locations: The plots are located in high-demand sectors such as G-13 and G-14, areas that are rapidly developing and expected to yield high returns on investment.
- Proximity to Major Highways: These plots have easy access to key highways, including the N-5 and M-2, which are vital transportation routes for businesses.
- Readiness for Multiple Uses: The plots cater to a range of uses, including gas stations, shopping centers, and mixed-use developments, offering flexibility for businesses to operate according to their specific needs.
High Return on Investment Potential
Due to Islamabad’s consistent demand for commercial real estate, plots in sectors like G-13 and G-14 are likely to offer strong returns on investment. With these plots located near bustling residential areas, potential businesses are assured of high foot traffic and accessibility, essential for profitable commercial establishments. The infrastructure in these areas is well-developed, with utilities, transport links, and other essentials already in place.
Auction Venue and Timing Details
The auction will be conducted at Gandhara Hall, Citizen Club at F-9 Park in Islamabad on November 13 and 14, 2024, starting at 10 a.m. each day. Interested participants are encouraged to visit the FGEHA website for further details regarding the auction process, terms, and conditions.
Important Considerations for Bidders
FGEHA emphasizes the importance of meeting all requirements and fulfilling necessary formalities before participating in the auction. This includes:
- Obtaining the “Auction Brochure” from FGEHA Head Office.
- Verifying eligibility and documentation through the FGEHA facilitation desk.
- Understanding the building and development regulations for each type of plot.
- Being prepared for the advance payment requirements, including the 25% initial deposit that will be required at the time of bidding success.
Final Thoughts
FGEHA’s upcoming auction represents a unique opportunity for investors to secure prime commercial property in Islamabad, aligning with the government’s vision of urban development and economic growth. The combination of flexible payment options, substantial discounts, and high ROI potential makes this auction an attractive prospect for both local and overseas investors. You can visit this website to view all available plot numbers, location and sizes or contact 051-9106466 for auction-related information.
