The Capital Development Authority (CDA) announced on Tuesday that all 236 residential plots in Islamabad’s Sector C-14 have been successfully auctioned to overseas Pakistanis. These plots, valued at approximately Rs. 60 million per kanal, are expected to generate Rs. 14 billion in revenue within the next ten months.
The CDA opened the auction to both local and overseas investors but prioritized expatriates due to their ability to pay in foreign currency. Over 1,700 applications were received, including around 550 from overseas Pakistanis.
The e-balloting, conducted through the National Database and Registration Authority (NADRA), ensured a transparent process. An official noted that with many applicants unable to secure plots, the CDA could explore additional auctions in other sectors to boost revenue.
Future opportunities include sectors C-13, C-15, Park Enclave, and over 700 plots in the Defence Housing Authority (DHA), acquired last year in a land exchange deal. CDA Chairman Muhammad Ali Randhawa oversaw the e-balloting, with Nadra managing the process.
Successful applicants will be listed on the CDA website and social media platforms, while unpaid plots will be reassigned to waitlisted investors. Randhawa thanked participants for their trust and assured them that development in Sector C-14 is ongoing, with plans to expand into new sectors and revive stalled projects.
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Now forget development pwr history
CDA should also focus to develop E12 Sector pending since last 40 years. It s astonishing that new sectors r developed within fortnight but nobody to care effected people , waiting since long
No development, just collect money. First complete previous sector like i-12.. E-12…..
CDA should develop 30 years old sector i-12 prior to launching new sectors. 8000 families are waiting for possession to construct their houses. Shame on CDA.