Federal Government Employees Housing Authority (FGEHA) is all set to hold a grand auction of premium commercial plots in G-13 and G-14, during the first week of September, offering investors an opportunity to acquire commercial properties at prime locations.
FGEHA to hold grand auction of G-13, G-14 commercial plots in Ist week of September
By Hina Durrani
ISLAMABAD, Aug 06 (APP): Federal Government Employees Housing Authority (FGEHA) is all set to hold a grand auction of premium commercial plots in G-13 and G-14, during the first week of September, offering investors an opportunity to acquire commercial properties at prime locations.
According to an official spokesperson of authority, the auction will feature commercial plots in G-13 and G-14, including commercial plots in G-14 Markaz, Class-III commercial plots in G-14/2, mixed-use commercial plots, and a corporate office plot in the Mauve Area.
The spokesperson said the commercial plots are strategically located adjacent to the Metro Bus route and GT Road, around an eight-minute drive from Motorways M-1 and M-2, and approximately 12 minutes from the New Islamabad International Airport.
He said investors would be able to obtain approval for building plans after making an initial payment of 25 percent, facilitating early commencement of development activities.
He described the auction as an attractive investment opportunity, highlighting the commercial potential of the sites owing to their prime location, accessibility and planned urban infrastructure.
The spokesperson has advised interested investors and members of the public to stay updated through its official channels for the announcement of the auction schedule and other details.
Regarding the preparations of auction, he said that the key arrangements, including the preparation of the auction brochure, advertising and publicity strategy, the auction schedule, and other administrative and operational matters to ensure the process is conducted in a transparent, fair, and competitive manner, providing equal opportunities to all investors. However, he said the Authority has yet to finalize the auction date for commercial plots in Sectors G-13 and G-14.
FGEHA, working under the Ministry of Housing and Works, develops residential and commercial projects for federal government employees and contributes to planned urban development in the federal capital.
