Everyday News

CDA approves auction of commercial plots

ISLAMABAD: The Capital Development Authority (CDA) board, under the Chairman of CDA Noor Alamin Mengal, announced the auction of more commercial plots in the coming days. 

invest with imarat

Islamabad’s emerging city centre

Learn More

According to reports, the board also gave a go-ahead for the preparation of the imminent auction. 

The news follows a previous commercial auction held which experienced the sale of Islamabad’s most expensive plot in history for a whopping Rs 8.54 billion. 

Previous reports state that the civic authority plans to auction 47 plots including orchards and other commercial plots. 

The meeting further unveiled changes in the master plan for the diplomatic enclave along with the approval of land for the Virtual University and other projects. 

For news and blogs, visit Graana.com

Laila Waqar

Laila Waqar is the Content Lead at Graana.com. With a bachelor's degree from LUMS, her expertise lies in curating research-based content in line with market marketing requirements. She is a detailed-oriented professional who focuses on delivering quality content that is enlightening and engaging.

Recent Posts

SBP Signals Cautious Policy Rate Approach, Prioritises Economic Stability

Karachi: The State Bank of Pakistan (SBP) has indicated that it will maintain a cautious…

3 days ago

PEC, CDA Partner to Raise Engineering Standards Through Certification and Training

The Pakistan Engineering Council and the Capital Development Authority have agreed to collaborate on raising…

6 days ago

Saudi Arabia Announces $2bn Investment Package for Syria Across Airports, Telecoms and Real Estate

Feb 7 (Reuters): Saudi Arabia on Saturday unveiled a wide-ranging investment package for Syria covering…

1 week ago

FBR Revises Islamabad Property Valuation Rates, Raises Values by 15% to 75%

Islamabad: The Federal Board of Revenue (FBR) has issued revised valuation rates for immovable properties…

2 weeks ago

Saudi Arabia Executes World’s First Sovereign Tokenised Property Title Deed Transfer

Riyadh: Saudi Arabia has completed what it described as a global first in capital market…

2 weeks ago

RDA Issues Strict Construction Safety Guidelines for All Sites in Rawalpindi

Rawalpindi: The Rawalpindi Development Authority (RDA) has introduced strict safety measures for all construction sites…

2 weeks ago