CDA plans to auction 22 plots next week

ISLAMABAD – The Capital Development Authority (CDA) has planned to auction 22 residential and commercial plots on Monday and Tuesday respectively.

According to a press release, plots of different sizes and categories, including economy flats, filling stations and others in the developed sectors will be offered for auctioning. Giving the break-up, he said that plot no 15 Northern Strip, E-11 of 2184 square yards meant for a filling station, plots no 2 and 3 of Northern Strip of 4833.33 square yards, plots no 5 and 6 of Blue Area F-8/G-8 measuring 2666.3 square yards were being offered.

Likewise, plots no B-1 and B-4 Blue Area F-9/ G-9 1333.3 square yards, plots number 6 and 11 D-12 Markaz measuring 1333 square yards, plot no 40-B Sector G-8, measuring 7333.3, plot no 10 Markaz F-11 measuring 888.88 square yards, plot no 2 Markaz G-11 measuring 888.88 meant for Economy Flats will also be auctioned. Four residential plots measuring 272.22 of Sector G-10 and six plots measuring 355.55 square yards of the same sector are also being offered for auction, he said. The plots offered during the auction and received bids will be presented before the CDA board for approval.Meanwhile, the Capital Development Authority (CDA) has black listed top18 major defaulter companies and individuals who failed to pay the outstanding dues of CDA on account of plots/property purchased from authority from time to time.

These chronic defaulters and companies would not be allowed to participate in the auction of residential and commercial plots being held on November, 19 and 20, 2012 at Jinnah Convention Centre Islamabad.

These companies purchased the plots during different auctions conducted by the authority but continue to default on one pretext or the other and adopted different delaying tactics and litigation rather then making timely payments.

The CDA has planned to hold grand auction of residential and commercial plots, Economy flats, Filling stations & other plots of different sizes and categories in developed sectors of Islamabad. Auction of residential plots will be held on Monday while commercial plots will be offered for auction on Tuesday, November 20, 2012. During two days of this grand auction total 22 numbers of residential and commercial plots will be offered, which includes plot no 15 Northern Strip, E-11 of measuring size 2184 square yards meant for Filling station, Plot no 2 & 3 of Northern Strip of measuring size 4833.33 square yards, plot number 5 & 6 of Blue Area F8/G-8 of measuring size of 2666.3 square yards, plot no B-1 & B-4 Blue Area F-9/ G-9 1333.3 square yards, plot number 6 & 11 Markaz D-12 measuring size of 1333 square yards, plot 40-B sector G-8, measuring size 7333.3, plot no 10 Markaz F-11 measuring size 888.88 square yards, Plot no 2 Markaz G-11 measuring size 888.88 meant for Economy Flats. 4 numbers of residential plots measuring size 272.22 of Sector G-10 and 6 plots measuring size 355.55 square yards of the same sector are also being offered for Auction.

The Plot offered during the auction and bids received bids would be presented before the CDA board which is the final authority to accept or reject the offers.

Source: http://www.nation.com.pk/pakistan-news-newspaper-daily-english-online/islamabad/18-Nov-2012/cda-plans-to-auction-22-plots-next-week