ISLAMABAD: Capital Development Authority (CDA) has unveiled an ambitious plan to auction premium commercial plots for 5-star hotel development and introduce residential plots in the picturesque Sector C-14.
As per an official media report, the initiative, announced during a meeting chaired by CDA Chairman Muhammad Ali Randhawa, aims to attract substantial investments from both local and overseas Pakistanis.
The meeting, attended by CDA board members and senior officers, highlighted two prime plots designated for international bidding, specifically targeting overseas Pakistanis and global investors.
The bidding for these luxury hotel plots is scheduled to close on 17 December 2024, with officials highlighting investor-friendly terms to encourage maximum participation.
The CDA has introduced flexible payment plans, streamlined conditions, and various incentives to encourage investment.
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Chairman Randhawa endorsed these measures, describing them as pivotal to transforming Islamabad into a global hub for tourism, business, and modern urban living.
“We are committed to positioning Islamabad as a beacon of luxury and progress, offering unparalleled opportunities for investors. Engaging overseas Pakistanis is key to this vision, and we will collaborate with embassies and missions abroad to highlight these lucrative opportunities,” Randhawa said.
The initiative also includes the launch of residential plots in Sector C-14, nestled at the foothills of the Margalla Hills. Designed for a premium lifestyle, this sector is tailored to cater to both local and overseas Pakistanis, with preference given to investments made in foreign currencies such as the US dollar.
With these strategic moves, the CDA is paving the way for Islamabad to become a leading destination for high-end developments, offering unique opportunities for investors globally.
