Islamabad: For Blue Area Extension project the auction of commercial and residential plots will be held from April,14 to 16 in Jinnah Convention Centre .
As per media reports, in the first phase 26 commercial plots will be auctioned.
Sources said commercial plots measuring 600 square feet to 1000 square feet will be put to auction under New Blue Area Project.
5 percent of total amount to be accrued from the project will be spent on development works .
Residential apartments will also be included in New Blue Area project and investors will be able to set up food courts , hotels, restaurants, shopping malls, offices, bank, CNG stations and petrol pumps therein.
According to sources for the project 170 kanals land has been allocated. Sources further told that from this auction overall 30 million rupees will be generated.
In order to facilitate investors , overall amount will be deposited in four instalments in one year.
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