Islamabad – With the announcement of an open auction for premium plots planned for 5-star hotels, the Capital Development Authority (CDA) has opened up an attractive opportunity for investors in Islamabad’s prestigious Sector F-5. This initiative aims to boost Islamabad’s real estate and hospitality sectors, attracting both local and overseas investors.
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Auction Details
The Jinnah Convention Centre in Islamabad will host the CDA auction on December 17, 2024. The event is scheduled to start at 2:00 PM PST and end at 11:30 PM PST. This auction provides an ideal platform for individuals and organizations looking to invest in high-value commercial real estate in the capital city.
Key Auction Incentives
CDA has introduced several investor-friendly terms to ensure seamless participation and attract substantial interest:
- Flexible Payment Plan: Buyers can benefit from a 2-year payment plan.
- Early Payment Rebate: A 10% rebate is available for full payments made within 30 days.
- Possession Terms: Possession will be granted after 75% of the total payment is completed.
- Initial Plan Approval: CDA will provide initial approval of development plans once 25% of the payment is made.
Guidelines for Overseas Investors
To encourage international participation, CDA has simplified the process for overseas investors:
- Auction tokens must be acquired at least one day before the auction date.
- A PKR 100 million token deposit is mandatory to secure participation.
- Payment options include popular banking channels such as MCB Bank, Askari Bank, Habib Bank, and the Roshan Digital Account (RDA) facility.
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Why Sector F-5 is Ideal for Investment
Sector F-5 is a premium location in Islamabad known for its proximity to:
- Major landmarks like Faisal Mosque and business hubs.
- Scenic beauty and modern infrastructure.
This makes the area highly appealing for luxury hotel developments, meeting the needs of both tourists and business professionals. The hospitality sector in Islamabad is experiencing rapid growth, making this auction an attractive opportunity for high returns on investment.
Impact on Islamabad’s Development
CDA’s initiative aligns with Islamabad’s urban development vision, fostering economic growth through public-private partnerships. By inviting investments in the hospitality sector, the authority is poised to elevate the city’s stature as a hub for luxury tourism and business activities.
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