CDA set to auction plots

ISLAMABAD, March 24: The Capital Development Authority (CDA) is set to auction 62 residential and commercial plots on Monday as preparations for the two-day bidding have been finalised.

The auction will be held at Jinnah Convention Centre on March 25 and 26.

Addressing a review meeting held here in this regard recently, CDA Chairman Syed Tahir Shahbaz said that the auction of residential and commercial plots would not only consolidate the financial position of the authority but also provide an
opportunity to the people to construct houses and establish businesses in the Federal Capital.

The plots to be auctioned, are located in the developed sectors, he added.

The CDA Chairman said to ensure transparency in auction, a high level committee headed by Member Finance Azhar Ali Chaudhry had been formed.

The committee comprised Member Planning and Design Syed Mustafain Kazmi, Member Estate Shaista Sohail,
Deputy Director General Finance, Director Estate Management-I, Director Estate Management-II and Director Public Relations.

Earlier, Member Estate Shaista Sohail told the meeting that residential plots would be offered for bidding on March 25 and commercial plots on March 26.Auction will be held from 10:00 A.M to 4:00 PM on the scheduled dates.

She said that on people’s demand, the number of residential plots had been increased to 47 in different developed sectors, including 20 in Sector G-10/2, three in Sector G-11/4, eight in G-11/2 and 16 in Sector D-12.—APP

Source: http://dawn.com/2013/03/25/cda-set-to-auction-plots/