CDA Plans to Add 10 More Residential Sectors in Islamabad

The Capital Development Authority (CDA) has planned to launch 10 new residential sectors and auction 200 plots in Sector C-14 to boost its revenue.

While the CDA chief previously announced a halt on auctioning prime commercial plots, preparations are now underway to auction more than 35 commercial plots owned by the CDA in Blue Area and other key commercial centers.

According to sources, brochures are being prepared for the auction of 200 plots in Sector C-14, each measuring one kanal. The proposed price for each plot will be set between Rs50 to Rs60 million. Interested buyers will need to deposit 25% of the total cost with their applications, which will be refundable if a plot is not available.

The auction will be conducted through balloting. Around 70% of the development work in Sector C-14 is reportedly complete, with work on the sewage system still in progress. Successful bidders will be required to pay the full price to the CDA in equal installments over two years. The CDA plans to invite applications for these plots later this month.

Sources further indicate that 10 more sectors will be launched by the next financial year. After allocating plots to landowners in exchange for the acquired land, the remaining plots will be auctioned to the public. The open balloting will be held at the CDA headquarters in the presence of applicants, with NADRA involved to ensure transparency.

The new sectors include C-13, C-14, C-15, C-16, I-12, E-12, D-13, D-14, F-13, and E-13.

The primary purpose of auctioning the remaining plots, after fulfilling land acquisition agreements, is to provide residential facilities to the public while maximizing revenue for the CDA. The current CDA administration urgently needs funds for over 10 development projects, prompting efforts to attract Chinese investment.

Last week, the CDA chairman visited China to discuss and initiate development projects in collaboration with the China Investment Corporation (CIC). Prime Minister Shehbaz Sharif also held meetings with Chinese investors for this purpose.