New Islmabad blue area project prop up PTI government, dispels mispercptions

ISLAMABAD: With unprecedented show of confidence by investors in New Islamabad blue area project, the Capital Development Authority (CDA) has emerged as a great source of solace for Imran Khan government. It has also strongly dispelled misperceptions about Pakistan’ economy and confidence of businesses community and investors into the policies of the Pakistan Tehrik Insaf (PTI) government. Its also for rhe first time in CDA history that it got over Rs 1.5 million per square yard price offer from the buyer for New Islamabad blue area project . The CDA must be given big credit for it. The CDA 3-day auction for New Islamabad blue area project also got unprecedented response with highest ever price from the investor to take total investment to Rs 17 billion plus. This massive response of the investors will further enhance confidence in CDA projects and they will invest more aggressively in its future bidding. The idea of opening up of new Islamabad blue area was conceived by CDA team headed by It’s chairman Amer Ali Ahmad, early this year. Amer Ali Ahmed presented the idea to Prime minister Imran Khan in February last. The Prime Minister liked the idea and diŕected to the CDA chairman to go ahead to materluse the project as early as possible. The CDA chairman and his team worked day and night on the project to make it a reality in a record time. This was followed by the Prime Minister’s visit to the site of new Islamabad blue area project on March 1, 2020. The Prime Minister’s patting to the CDA chairman resulted in completion of the whole work of the project on waŕ footing basis and offering its plots to the investors through 3-dsy auction held from July 15 to 17. The highest ever price of new Islamabad blue area project plots is an indication that Pakistan’s economy was robust even after global downfall of the economies in post COVID 19 pandrmic times . It also has a clear message that the investors have full confidence in Imran Khan government policies and they were willing to invest in Pakistan in a big way. Another thing which stood proven from new Islamabad blue area project is investor’s epitite for investing in construction projects. Keeping in view massive achievement in the first auction, one hopes CDA will go for mother round of auctions in near future to make new Islamabad blue area a big attraction for investors and keep doing the role of stimulator in stirring activities in construction sector

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