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ISLAMABAD-The Capital Growth Authority did not get desired outcomes on the primary day of public sale as out of whole 15 plots offered on Tuesday, solely 4 plots could possibly be auctioned.
Although, the town managers get a income of Rs.7.74 billion by promoting 4 plots however about seventy p.c plots couldn’t get desired value as a result of ongoing political and financial state of affairs of the nation.
Apart from, 5 plots had been additionally dropped from the record they usually weren’t included in public sale together with two resort plots, two petrol pump plots and a farmhouse plot.
The resort plots had been dropped as a result of they had been included within the record topic to the approval from federal authorities however identical couldn’t be solicited on time whereas petrol pump plots had been deliberate in the correct of the way in which of newly constructed Bara Kahu Bypass however they had been dropped because the authority is contemplating to provide correct service areas as an alternative of pumps alone.
On the opposite facet, an agro plot was not included within the public sale as there was a litigation over it and it has been determined to proceed additional after getting clearance from the court docket.
The four-day public sale of plots will proceed until October 20 on the Jinnah Conference Centre.
Based on particulars, on the primary day of public sale of residential and business plots, plot # 53F measuring 666.67 sq. yards situated in I-8 Markaz was auctioned for one billion 42 lac rupees.
Equally, Plot No. 53D measuring 666.67 sq. yards situated in I-8 Markaz was auctioned for one billion and 90 million rupees.
Equally, Plot No. 28 of 711.11 sq. yards situated in G-11 Markaz was auctioned for Rs.1.16 billion. Plot quantity 8 of 2666.66 sq. yards of Blue Space was auctioned for Rs4.45 billion. Thus, on the primary day of the public sale, 4 plots had been auctioned for Rs7.743 billion. The public sale of plots will stay proceed on October 18, 19 and 20.
Residential and business plots of various classes are being provided for funding within the four-day public sale of plots. Within the public sale, plots of assorted marakaz, Blue Space and E-11 Northern Strip are being auctioned.
Park Enclave Business, Class III Purchasing Facilities, Agro Farms, Residences and Industrial plots will probably be provided for public sale within the 4-day public sale. Equally, the plots of fruit, vegetable and meat outlets and I-11 markets will even be additionally offered for public sale, whereas for the primary time the plots allotted for hostels will probably be provided for public sale. Residential plots will even be auctioned within the public sale of plots.
The public sale is being supervised by the public sale committee headed by Member Property. The bids obtained after thorough scrutiny will probably be positioned earlier than the CDA Board, which is the competent discussion board to just accept or reject the bids.
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