The Capital Development Authority (CDA) has decided to construct a housing scheme in collaboration with a private firm, reported a national daily.
According to details, the ‘Kurri Enclave Housing Scheme’ is set to be developed across 10,000 kanals in Kurri village.
Quoting sources, the national daily reported that although the land is owned by the CDA, the project will be developed as a joint venture.
It is expected to cost billions of rupees and the CDA will partner with a leading real estate developer or form a consortium comprising multiple firms.
The board of civic authority has already granted approval to initiate and develop housing schemes with private sector participation.
Previously, CDA issued invitations for Expression of Interests (EoIs) to select reputable firms for the execution of the project.
The selected real estate firm will be responsible for investing in the development and planning of the project.
It is pertinent to mention that during the last federal cabinet meeting, the caretaker Prime Minister Anwaar-ul-Haq Kakar ordered the authority to prioritize vertical development for residential projects in order to maximize the number of housing units in Islamabad.
Follow ProPakistani on Google News & scroll through your favourite content faster!
Support independent journalism
If you want to join us in our mission to share independent, global journalism to the world, we’d love to have you on our side. If you can, please support us on a monthly basis. It takes less than a minute to set up, and you can rest assured that you’re making a big impact every single month in support of open, independent journalism. Thank you.
Looking forward to the details.
First of all it should give possession to the owners of plots in E12, the sector was launched 35 years ago.
To develop cities in peripheral areas with providing living facilities reduces the burden of population in urban areas, as a citizen of Pakistan I fully understand and support such developments in all provinces of country
Goog
CDA and planning Ministry must imagine the famine and climate change environment which will be created through converting agricultural lands into commercial hells. CDA already destroyed the natural environment by cutting thick forests of Margalla and developing residential and commercial areas.Stop this prostitution .
CDS-FGEHA should first develop old sectors, schemes which are held up or going too slow such as G-14/1,2,3. While expediting development of Commercial areas and other civic amenities in these sectors, CDA can also earn sizable revenues.
پہلے واللی 20 سال سے پڑی ھوئی ھیں ۔ ڈیویلپمنٹ نہیں ھو رھی۔ اب نئی کا چکر چلا کر عوام سے پیسے بٹورنے چلے ھیں۔
They may face the same fate as met by the federal government employees projects of apartments in g13 , Chaklala , bhara kahu n at new 🆕 airport Islamabad pending since 2016
Long awaited project… All the best. And hope it will be completed at the earliest.
Good initiative. The cost of plots and Appartments should be regulated by Govt to keep them in a limit and prevent black money investors who escalate prices to sky high beyond the common citizens range.
MPCHS is one of the best society for this work
it will destroy the natural beauty of islamabad and adding to increase in pollution and populatiom of city and acute shortage of resources and will result in diturbing the law and order condition of country instead they should focus on building new cities and evacuating old congested areas and convertimg them into modern colonies with wide roads finish encroachements giving them underground electricity facilities by evacuating a few houses and made flyovers and underpasses in interior cities of all country
sounds well.I m interested
If CDA is building 10,000 kanal Housing society then they should also plant 10,000 trees as it’s the beauty of Islamabad. I have noticed that in Islamabad the green beauty is lacking day by day which puts a bad impact on climate so it should not be like that.
Just collecting money from the peiple and development will be after 30 years . No use to invest with CDA .
Good opportunity and what is the criteria and payment plan for this scheme.
Amd the completion would not be earlier than 2050.
CDA should complete development and should handover the possession to allottees of its 10s of unfinished projects i.e c14, c15, i-15 I-16 and many more.
Policy
Schedule of payment
Down payment
What is the process and payment plan
Will that original Pakistani born inhabitants be able to get them or certain framed policies be there to handover to limited persons,as happened since 1961….????…..
What is payment plans