Arrangements finalised to auction commercial plots

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Islamabad- The Capital Development Authority (CDA) has finalised arrangements for auction of commercial plots situated in sector I-12 Markaz and commercial plots in different developed sectors of Islamabad.

A meeting to review the arrangements was held here at CDA headquarters, which was presided over by the Chairman CDA Syed Tahir Shahbaz. On this occasion Syed Mustafain Kazmi, Member Planning and Design, Shaista Sohail, Member Estate, Azhar Ali Chaudhry, Member Finance, Member Engineering Sanaullah Aman, Member Environment Ahsan Ali Mangi and other officers of the authority were also present.

Tahir said that the authority is taking effective measures for promotion of trade and economic activities in the federal capital. He said that due to increase in population, the authority is paying heed to enhance the business activities, adding that CDA has extended the Blue Area to offer commercial plots through open bidding as well as in the developed sectors of the city.

The chairman CDA said that strategic location of I-12 has its great significance, as this Sector is a gateway between the twin cities of Islamabad and Rawalpindi.

He said that CDA is striving hard to promote business and economic activities in the capital city, adding that all-out efforts would be made to establish I-12 as economic base for commercial activities, as I-12 has great importance for the people from Khyber Pakhtunkhwa, Punjab and Kashmir by business point of view. He said that the purpose of auction of commercial plots is to meet the future requirements of the city as it is expending with the passage of time and new project would be launched.

He said that the construction of business centres would not only boost business activities but would also strengthen economy and employment opportunities.

The chairman CDA said that the authority for the first time focused on the development of Sector I-12 to start business activities after provision of residential facilities in the sector. He said that 52 commercial plots have been planned in Markaz I-12. Size of each commercial plot is 1096 square yard.

He said that the design theme of Markaz I-12 would be Twin-City Saddar Market, while all four provinces of Pakistan have been represented in the design theme with 5th block of Gilgit-Baltistan having Kashmir Mall.

He said that all the blocks have been interconnected in a way to facilitate the pedestrians without any hassle. He further said that two plots for hotels have also been planned, adding that a mosque would be constructed in Markaz I-12. He said that all the commercial plots would be offered through open bidding in transparent manner.

Tahir said that state-of-the-art civic facilities would be provided including clean drinking water, playground, hospital, sewerage treatment plant, toilets, emergency and disaster management centre, police station, enquiry and other allied facilities.

Tahir said that CDA would also offer plots through open auction in various commercial categories in different developed sectors of the Federal Capital including Marakz plots and class-III shopping centers.

The chairman CDA directed the auction committee take effective measures auction of commercial plots in a transparent manner and ensure maximum participation of the people in the auction.

Courtesy: Nation

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