The Federal Government Employees Housing Authority (FGEHA) recently held a public auction for commercial plots in sectors G-13 and G-14 at the Ghandhara Citizen Club in F-9 Park, Islamabad, which saw significant participation from investors. A total of 22 plots were auctioned, generating a record revenue of PKR 8 billion, setting a historic milestone for the Authority.
The auctioned plots included a 2,600-square-yard mixed-use commercial plot in G-13, four commercial plots with double parking in the central business area of G-14, two commercial plots in Bazaar No. 5 in G-13, four commercial plots in Bazaar No. 6 in G-13, four commercial plots in Bazaar No. 1 in sector G-14/2, and six commercial plots in Bazaar No. 2 in sector G-14/3.
During the event, the Director General (DG) expressed that the restored confidence of investors is a positive development for both the Authority and the country’s economic growth. He congratulated all the investors and assured them of full cooperation and support. He emphasized that transparent auctions like these boost commercial and business activities, contributing to economic stability.
Furthermore, the DG announced the establishment of a dedicated Investor Facilitation Cell, which he termed as a “investor-friendly initiative” that would help support future auctions and further investment. Investors, in turn, thanked the DG for this initiative and expressed their optimism that the FGEHA’s continued support would strengthen the partnership and provide new opportunities for profitable investments in the future.
