ISLAMABAD: The Capital Development Authority (CDA) collected Rs. 16.44 billion during the opening two days of its ongoing commercial plot auction at Islamabad’s Jinnah Convention Centre, with a third and final round of bidding still ahead. The first day alone brought in Rs. 13.81 billion, while the second added a further Rs. 2.63 billion to the tally.
Tuesday’s proceedings featured strong demand for agricultural land along Murree Road, where Agro Farm No. 18 sold for Rs. 1.212 billion and Agro Farm No. 17-A brought in Rs. 966 million.
Commercial shop units in the Blue Area Parking Plaza also performed well, with three individual units fetching between roughly Rs. 147 million and Rs. 154 million apiece.
Not every offering found a buyer, however. Two commercial plots in Sector C-13, a site that has remained mired in controversy for nearly two decades, failed to attract meaningful bids despite CDA officials anticipating combined proceeds exceeding Rs. 10 billion.
The sector was originally acquired under the 2007 Land Sharing Policy, but many of the original landowners say they are still waiting to be compensated or resettled.
Affected residents have raised objections to CDA continuing to market land from the sector while their claims remain unresolved. According to landowner accounts, the CDA Board approved a plan in 2023 to compensate eligible families with residential plots in the adjacent Sector C-14, and revenue authorities subsequently completed ownership verification.
Despite this, no allotments have reportedly been issued. The dispute has also drawn intervention from the Islamabad High Court, which ordered CDA to settle outstanding compensation, though claimants say that order has yet to be enforced.
The auction is scheduled to conclude on Thursday, with the authority expressing hope that the final day will generate additional revenue from the sale of remaining commercial properties across the capital.
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