Islamabad, July 15, 2025: The Capital Development Authority (CDA) on Tuesday launched a landmark open commercial plots auction at the Jinnah Convention Centre, generating a record-breaking Rs. 17.14 billion on the first day alone. The three-day auction, scheduled from July 15 to 17, was personally supervised by Chairman CDA and Chief Commissioner Islamabad Muhammad Ali Randhawa, who praised the overwhelming investor response as a strong vote of confidence in CDA’s transparent policies.
The open auction saw six commercial plots sold at prices that significantly exceeded their reserve values—by an average of 33%—marking a historic achievement in the authority’s history.
Among the key transactions, Plot No. 13 in Blue Area (G-8) fetched approximately Rs. 7.24 billion, Plot No. 14 was auctioned for Rs. 4.16 billion, and Plot No. 12 for Rs. 3.60 billion. In Sector I-14, Plot 3-A was sold for Rs. 749.32 million, Plot 3B for Rs. 709.32 million, and Plot 10A for Rs. 669.32 million.
Chairman Randhawa noted that this level of investor participation reflects trust in CDA’s governance, as well as the investor-friendly reforms introduced in collaboration with Federal Interior Minister Mohsin Naqvi. He highlighted that proceeds from the auction will be reinvested into the beautification and infrastructure development of Islamabad to enhance civic facilities.
The event is part of a wider initiative under Randhawa’s leadership to foster transparency, encourage investment, and stimulate economic activity in the capital. In total, 46 plots and commercial shops, including those in Blue Area and other commercial centres, have been offered for open bidding over the three-day period.
In line with this effort, an Investment Expo was also organized at the venue to inform and assist investors. Information booths from various CDA wings—including Environment, Planning & Resource, Sports & Culture Directorate, and MCI—were set up, while CDA’s facilitation teams remained available to guide investors at every step.
As an incentive, CDA is offering a 5% rebate on lump-sum payments made within one month, with an additional 5% rebate for lump-sum payments made in US dollars.
Chairman Randhawa, addressing the business community and investors, emphasized that the auction’s success was a result of months of diligent work and policy reforms aimed at reviving confidence and driving growth. He revealed that several new residential sectors are in the pipeline to meet Islamabad’s growing housing needs.
The auction committee, headed by Member Finance Tahir Naeem, and comprising senior CDA officials including Member Estate Talat Mahmood, Member Engineering Syed Nafasat Raza, and Member Planning Dr. Khalid Hafeez, personally monitored the process to ensure complete transparency.
Chairman Randhawa extended his appreciation to the Islamabad Chamber of Commerce, Pakistan Stock Exchange, traders, civil society, and media—including the National Press Club journalists—for their cooperation and real-time coverage.
He also reaffirmed CDA’s commitment to Prime Minister Shahbaz Sharif’s digital vision, noting that steps are being taken to promote a paperless, cashless economy, and digital infrastructure across Islamabad, including digital steamers and smart advertising screens.
