The Capital Development Authority (CDA) held an open auction of commercial plots from October 1st to October 3rd, 2024. The auction attracted a lot of attention from investors, resulting in some of the highest bids ever recorded for prime commercial properties in Islamabad. Below are the key highlights of the auction:
- Blue Area (Plot No. 10)
The highest bid was recorded for Plot No. 10 in Blue Area, measuring 2666.66 square yards, strategically located between Sectors F-8 and G-8. This prime plot fetched a staggering Rs5.35 billion, setting a new benchmark for commercial real estate in the capital. - Markaz I-8 (1422.22 Square Yards)
Another highlight of the auction was a commercial plot in Markaz I-8, measuring 1422.22 square yards. This plot was auctioned for Rs2.4 billion, reflecting the growing demand for commercial spaces in the city’s central hubs. - Markaz F-8 (833.33 Square Yards)
In Markaz F-8, a commercial plot of 833.33 square yards was sold for Rs1.25 billion. F-8 remains a highly sought-after location, known for its connectivity and commercial viability. - Markaz F-8 (666.66 Square Yards)
A smaller plot in Markaz F-8, measuring 666.66 square yards, attracted a bid of Rs1.22 billion, further confirming the area’s status as one of the capital’s prime commercial zones. - Markaz G-8 (333.33 Square Yards)
A 333.33 square yard plot in Markaz G-8 was auctioned for Rs598.3 million, highlighting the demand for commercial properties in this bustling sector.
Why Invest in Islamabad’s Commercial Real Estate?
This recent auction by the CDA demonstrates the strength and resilience of Islamabad’s commercial property market. Blue Area, F-8, and G-8 continue to be hotbeds for investment, offering excellent returns for both developers and business owners. The central location, infrastructure development, and high footfall in these areas make them ideal for commercial ventures.
At Ghandhara Estate, we specialize in offering premium commercial and residential properties in Islamabad. If you’re looking to invest in the city’s booming real estate market, get in touch with us today!