New Blue Area Islamabad is proposed in F-8/G-8 or at the end of G-9, opposite F-9 Park.in Islamabad. Soon, the Capital Development Authority will announce an auction program for commercial plots in the New Blue Area, Islamabad. These commercial plots are called fundamental business district advertisements or CBD advertisements. This investment will be a once-in-a-lifetime opportunity for investors and companies to secure a plot in Islamabad’s industrial center.

Auction Location and Event

The auction for business plots of the new blue area in Islamabad is likely to be held in the Jinnah Convention Center in Islamabad. The auction dates are the 14th, 15th, and 16th of April, 2020. The bidding process will start at 10:00 am.

Significance according to the business perspective

Jinnah Avenue is one of the most important boulevards in Islamabad and reflects significant business value. Thousands of people visit this place daily. Virtually all large companies have their headquarters in this region, and several are waiting to move in if they find an available space in this busiest area of Islamabad.

The following are the business ideas that can work in the new blue area of Islamabad:

  • Shopping centers
  • Hotels and restaurants
  • Food courts
  • Petrol stations
  • Business Offices
  • Banks

Additionally, due to the prime and ideal location, industrial plots in this area might also be used for multi-storey luxury flat complexes.

Sizes of commercial plots

CDA will split out various business plot sizes from the blue region of Islamabad. The smallest plot size is 600 Square Yards (e.g., 1.2 Kanal), and the maximum plot size is 10,000 Square Yards (i.e., 20 Kanals).

Costs and Payment Program

No information is available on the minimum bid price for plots. Given the prevailing market costs in Blue Area Islamabad, which can exceed 10 lacs per square yard, we anticipate the minimum bid rate will be substantial.

No specific information is available regarding the payment strategy for those business plots. You might need to submit a token amount (non-refundable) prior to the auction, which will be deducted from the deposit for this scheme.

The program is anticipated to span more than 4 installments of 25 percent each. Within 30 days after receiving the Bid Acceptance Letter, pay the first installment. The remaining amount will be delivered as per the schedule provided by CDA.

It’s also worth noting that CDA offers a 10% discount on the bid value if you pay the total amount upfront.

Policy regarding construction

CDA has summarized the building policy on those advertisements through its own advertisement. New construction bylaws will apply to this industrial site, allowing high-rise jobs. Building strategies can be filed for acceptance after paying the initial installation; however, construction work can be initiated after final payment.

Plots under 1000 Square Yards will have 100% protection for the building, while larger plots will likely have 70% to 75% ground area. Every plot will have a flow strip around it. Plentiful public parking spaces have also been proposed in the New Blue region.

The Way to Get Involved in the Market?

The procedure to share in the market has not yet been characterized by CDA. The Project brochures will be available from the 5th of March 2020 from the branches of MCB Bank, Askari Bank, HBL Bank, and Bank of Punjab. Interested parties may have to submit a token amount of cash with their application.

A dedicated group of CDA officials may assist interested bidders at each step of the auction. You can call their number or visit them to get help with the auction procedure or advice on a new blue region undertaking.

Following is the address and quantity of the applicable department in CDA:

Director Estate Management-II

Speech: Khayaban-e-Suharwardy, G-7/4, Islamabad

Telephone: 051-9252481

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