Capital Development Authority
Friday, May 06, 2016
Capital Development Authority
Capital Development Authority
Islamabad The Beautiful

Islamabad is beautiful. It is a region-wide symbol of progress, innovation and architectural marvel.

Settlement in Islamabad, the new capital after Karachi, began in the 1960s. As the city was newly founded, the growth of the population was slow. Being the seat of the Government of Pakistan, initially government servants and employees of the federal administration settled here. Since then, there has been a steady growth in the population of the city, which has swelled to somewhere in excess of a million inhabitants. The reason: at the moment, the capital city is the fastest growing urban settlement in the country. There is an increased interest in the city from The President and The Prime Minister, as well as a renewed drive from foreign investors to invest in the city. This has caused a growth in the economy, produced employment at all levels and ensured development. Owing to all these factors, Islamabad is now becoming a lively and bustling metropolis, full of vibrancy.| Read more







Hotels
Islamabad is having all types of hotel accommodations.

Eating out
Pakistani cuisines are famous for its taste and color.

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Being a capital of Pakistan, all the foreign missions and embassies are in Islamabad.

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List of car rentals offers every type of vehicles to commute.

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International & Domestic Flights schedules of Islamabad.

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CDA fetched more than Rs.4.6 billion from its two-days auction of commercial plots

Islamabad, April 27, 2016: Capital Development Authority’s (CDA) fetched more than Rs.4.6 billion from its two-days auction of commercial plots as a large number of investors enthusiastically participated in the auction process and offered record price of commercial plots which show their confidence in transparency of the procedures and Authority’s commitment towards deliverance of services.

An eleven member auction committee headed by Member Finance / Member Planning and Design supervised the auction process. Member Environment, Deputy Director General Land and Estate, , Deputy Director General Finance, Deputy Director General Law, Director Public Relations, Director Estate Management–II, Director Urban Planning, and Director Regional Planning were the members of the committee. On the second day 11 numbers of commercial plots of different sizes in the developed sectors were auctioned at the record price and fetched Rs.2.4 billion  

Commercial plot No. 5-A, Class-III Shopping Centre of Sector D-12/1 measuring 133.33 square yards was auctioned at the price 3,70,000/- per square yard, while Class-III Shopping Centre plots No. 5-B, 8K and 8-L with same measurement were auctioned at the prices of Rs.3,74,000/, 3,46,000/- and 360,000/- per square yard respectively. Plot No. 12 & 13 of Markaz F-11 measuring 888.88 square yards, were auctioned at the price of Rs.7,30,000/- and Rs.7,28,000/- respectively. Plot No.11, Markaz I-8, measuring 1244.44 square yards were auctioned at Rs.369,000/- per square yards. Similarly, Class-III Shopping center plots No.5G and 5H each measuring 133.33 square yards of Sector G-11/3 (Bazaar No 10) were auctioned at Rs. 446,000/- and 405,000/- per square yards. Plot No. 3J measuring 1066.66 square yards of Markaz I-12 was auctioned at Rs. 145,000/- per square yard, while plot No.18 of Markaz I-16, measuring 1351.11 square yards fetched the bid of Rs. 146,000/-

The auction committee will place its recommendations before CDA Board which is competent forum to approve or reject the bids. Chairman CDA while appreciating the auction committee for conducting a successful auction said that a resonant response from the investors particularly from the business community is expression of trust in the policies of the Authority. He said that auction of commercial plot will bring a wave of business activities in the federal capital which would not only generate more employment opportunities but will also help flourish business momentum in the city.  He said that income generated from the auction would be spent on the development of the city and new development ventures will be started to facilitate the residents of federal capital. Chairman CDA, further said that Islamabad is expanding day by day and CDA being the custodian of the city is committed to provide better business and residential opportunities to its residents. Member Finance and Chairman of the auction committee Waseem Ahmed Khan thanked the participants for participating in the auction.

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Tuesday, April 26, 2016
CDA got resounding response on the first day of auction of commercial plots in Islamabad

Wednesday, April 27, 2016
CDA fetched more than Rs.4.6 billion from its two-days auction of commercial plots
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Being a capital city of Pakistan, Islamabad offers a unique geographic position to investors which offer more returns on their investment. Islamabad invites expression of interest from local and international organizaions/Consortia for the following projects. For more details  

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