Capital Development Authority (CDA) declared auction dates for commercial plots in New Blue Area. It will take place at Jinnah Convention Center on April 14 to April 16, 2020.
Commercial plots Category
Commercial plots at New Blue Area are available in following categories:
- 600 Square Yards
- 1000 Square Yards
Further, these shops are suitable for establishing restaurants, shopping malls, hotels, apartments, offices & banks. As per News Sources, all the new commercial shops will be built particularly according to the new building by laws. Meanwhile, the notice also read certain benefits for investing in New Blue Area Auction.
Benefits of Investing in New Blue Area Auction
New Blue Area Auction offers several benefits to its bidders. Salient benefits are shared below:
- 10% discount on entire lump sum payment
- Immunity on Prior Income Tax on pro-rata criteria
- After 1st installment, immediate building plan approval
However, constructions can only commence after payment of all installments. Moreover, bidders need to pay first installment within 1 month.
