New Blue Area Islamabad is proposed in F-8/G-8 or at the end of G-9 opposite to f9 park.in Islamabad. Soon there will be auction program of commercial plots in New Blue Area Islamabad as declared by Capital Development Authority. These commercial plots are called as fundamental business district advertisements or CBD advertisements. This investment will be the life opportunity for investors and companies to get a plot within this industrial center of Islamabad.
Auction Location and event
The auction for business plots of new blue area Islamabad is going to likely be held in Jinnah Convention Center Islamabad. The date of the auction is 14th, 15th and 16th of April, 2020. The starting time of bidding process will be from 10:00 am.
Significance according to Business perspective
Jinnah Avenue is one of the most major boulevards of Islamabad which reflects significant business value. Thousands and thousands of individuals visit this place on daily basis. Virtually all large companies have their head offices within this region, and several are waiting to start up if they catch any empty place with this busiest area of Islamabad.
Following are the business ideas which can work in new blue area Islamabad:
- Shopping centers
- Hotels and restaurants
- Food courts
- Petrol stations
- Business Offices
Additionally, due to prime and ideal location, industrial plots in this area might also be used for multi-storey luxury flats complex jobs.
Sizes of commercial plots
CDA will split out various business plot sizes from the blue region of Islamabad. Smallest plot size is 600 Square Yards, for example 1.2 Kanal and maximum plot size is 10,000 Square Yards, which is 20 Kanals.
Costs and Payment Program
There is not any information available regarding the minimum bid price of plots. Considering that the prevailing market costs in Blue Area Islamabad, which can be over 10 lacs per square yards, we could anticipate minimum bid rate to be considerably significant.
There’s not any specific information available regarding the payment strategy of those business plots. You might need to submit some token money (non-refundable) prior to the auction, that’ll be adjustable from the deposit of this scheme.
The program is anticipated to span more than 4 installments of 25 percent each. Within 30 days after receiving Bid Acceptance Letter, pay the first installment. While reaming amount will be delivered as per schedule given by CDA.
It’s also very vital to refer that CDA provides 10% discount on the bid value in the event you pay total amount upfront.
Policy regarding construction
CDA has summarized the building policy on those advertisements through its own advertisement. New construction by-laws will employ on this industrial place, so hi-rise jobs will be permitted. Building strategies can be filed for acceptance after paying initial installation; nevertheless construction work could be initiated after complete and final payment.
The plots size under 1000 Square Yards will have 100% protection for building, while larger plots will probably have 70 percent to 75 percent ground area. Every plot will have all around flow strip. Plentiful public parking space has also been proposed in New Blue region.
The Way to Get Involved in the market?
The procedure to share in the market is not yet been characterized by CDA. The Project brochures will be available from 5th of March 2020 from branches of MCB Bank, Askari Bank, HBL Bank and Bank of Punjab. Interested parties might have to submit a sum of cash as token amount together with their application.
A devoted group of CDA officials may ease interested bidders at each step of the auction, which means that you may call their amount or visit to some help concerning the auction procedure or advice on fresh blue region undertaking.
Following is the address and quantity of applicable department in CDA:
Director Estate Management-II
Speech: Khayaban-e-Suharwardy, G-7/4, Islamabad
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