{"id":14179,"date":"2023-03-31T16:40:18","date_gmt":"2023-03-31T11:40:18","guid":{"rendered":"https:\/\/propakistani.pk\/proproperty\/?p=14179"},"modified":"2023-03-31T16:41:39","modified_gmt":"2023-03-31T11:41:39","slug":"cda-to-hold-historic-plot-auction-exclusively-for-food-businesses","status":"publish","type":"post","link":"https:\/\/propakistani.pk\/proproperty\/cda-to-hold-historic-plot-auction-exclusively-for-food-businesses\/","title":{"rendered":"CDA to Hold Historic Plot Auction Exclusively for Food Businesses"},"content":{"rendered":"<p>ISLAMABAD: The Capital Development Authority (CDA) has announced its plans to hold a grand plot auction exclusively for food businesses registered with Pakistan&#8217;s Security &amp; Exchange Commission.<\/p>\n<p>This marks the first time that CDA will conduct such an auction.<\/p>\n<p>The plots on offer will be 1 Kanal in size and located on the prestigious Capital Street, styled similarly to popular locations such as City Walk in Dubai and Nizami Street in Baku.<\/p>\n<p>This prime location will be exclusively reserved for food-related businesses such as international food brands, coffee shops, restaurants, and cafes.<\/p>\n<p><a href=\"https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/03\/CDA-to-Hold-Historic-Plot-Auction-Exclusively-for-Food-Businesses.jpg\"><img decoding=\"async\" class=\"alignnone wp-image-14180 size-full\" src=\"https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/03\/CDA-to-Hold-Historic-Plot-Auction-Exclusively-for-Food-Businesses.jpg\" alt=\"CDA to Hold Historic Plot Auction Exclusively for Food Businesses\" width=\"588\" height=\"1024\" srcset=\"https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/03\/CDA-to-Hold-Historic-Plot-Auction-Exclusively-for-Food-Businesses.jpg 588w, https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/03\/CDA-to-Hold-Historic-Plot-Auction-Exclusively-for-Food-Businesses-230x400.jpg 230w\" sizes=\"(max-width: 588px) 100vw, 588px\" \/><\/a><\/p>\n<p>Investors who participate in the auction can enjoy the benefit of extending their lease period at DC rates upon completion, which is set at 33 years. To ensure a smooth investment process, the CDA has also set up a support team to assist investors at every step.<\/p>\n<div style=\"clear:both; margin-top:0em; margin-bottom:1em;\"><a href=\"https:\/\/propakistani.pk\/proproperty\/cda-approves-auctioned-plots-and-new-development-projects-for-islamabad\/\" target=\"_blank\" rel=\"dofollow\" class=\"u72ebf20db3718b7395caf60ddb3ec1f5\"><style> .u72ebf20db3718b7395caf60ddb3ec1f5 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#2C3E50; border:0!important; border-left:4px solid #F1C40F!important; text-decoration:none; } .u72ebf20db3718b7395caf60ddb3ec1f5:active, .u72ebf20db3718b7395caf60ddb3ec1f5:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .u72ebf20db3718b7395caf60ddb3ec1f5 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .u72ebf20db3718b7395caf60ddb3ec1f5 .ctaText { font-weight:bold; color:#F1C40F; text-decoration:none; font-size: 16px; } .u72ebf20db3718b7395caf60ddb3ec1f5 .postTitle { color:#eaeaea; text-decoration: underline!important; font-size: 16px; } .u72ebf20db3718b7395caf60ddb3ec1f5:hover .postTitle { text-decoration: underline!important; } <\/style><div style=\"padding-left:1em; padding-right:1em;\"><span class=\"ctaText\">ALSO READ<\/span>&nbsp; <span class=\"postTitle\">CDA Approves Auctioned Plots and New Development Projects for Islamabad<\/span><\/div><\/a><\/div>\n<p>Moreover, the CDA has made special provisions for prospective investors, such as taking advance tax on a pro-rata basis and requiring a 25% down payment within 30 days of acceptance.<\/p>\n<p>Additional space for 1 Kanal plot and outdoor dining will also be provided.<\/p>\n<p>The CDA will further streamline the investment process by establishing a special desk to approve building plans within a month. This will help expedite the process for investors and ensure timely approval of building plans.<\/p>\n<p>The auction is scheduled for May 10th, 11th, and 12th at the Jinnah Convention Center in Islamabad.<\/p>\n<p>With this exciting opportunity, the CDA hopes to attract more investment in the food industry and promote economic growth in the country.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Capital Development Authority (CDA) has announced its plans to hold a grand plot auction exclusively for food businesses registered with Pakistan&#8217;s Security &amp; Exchange Commission. This marks the first time that CDA will conduct such an auction. The plots on offer will be 1 Kanal in size and located on the prestigious Capital Street, styled similarly to popular locations such as City Walk in Dubai and Nizami Street\u2026<\/p>\n","protected":false},"author":2,"featured_media":14181,"comment_status":"open","ping_status":"open","sticky":true,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-14179","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"img_urls":{"thumbnail":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/03\/CDA-to-Hold-Historic-Plot-Auction-Exclusively-for-Food-Businesses-1.jpg",1000,560,false],"medium":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/03\/CDA-to-Hold-Historic-Plot-Auction-Exclusively-for-Food-Businesses-1.jpg",1000,560,false],"full":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/03\/CDA-to-Hold-Historic-Plot-Auction-Exclusively-for-Food-Businesses-1.jpg",1000,560,false]},"author_name":"Nazzir Zaidi","categories_name":["News"],"title_text":"CDA to Hold Historic Plot Auction Exclusively for Food Businesses","related_stories":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts?filter&per_page=4&categories=5&exclude=14179","_links":{"self":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/14179","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/comments?post=14179"}],"version-history":[{"count":0,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/14179\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media\/14181"}],"wp:attachment":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media?parent=14179"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/categories?post=14179"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/tags?post=14179"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}