CDA to Auction Plots for Food Street in Federal Capital

CDA to Auction Plots for Food Street in Federal Capital

Islamabad: The Capital Development Authority (CDA) has announced the dates for public auction of 1-kanal-sized plots for eateries, cafes, and restaurants for Capital Street Islamabad, which would be developed in Shakarparian.

The Capital Street Islamabad would be modeled after well-known streets like Nizami Street Baku, City Walk Dubai, and JBR Dubai.

Details indicate that the open auction will take place on July 20th and 21st. At the Jinnah Convention Centre in Islamabad, the public auction will be held. There will be 20 plots of 500 square yards available for purchase.

The open auction is open to food enterprises that are registered with the relevant authorities. After completing all requirements, international food enterprises are also eligible to participate.

It is important to note that the CDA is offering a 10% rebate on the total payment within one month and an additional 5% rebate in case of payment in USD.

Potential investors can obtain brochures from the CDA Facilitation Center, Directorate of Estate Management II from today. The brochures are also available on CDA’s website.

Furthermore, the CDA is providing a 10% discount on the total payment made within a month and an extra 5% discount if the payment is made in US dollars.

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