{"id":19160,"date":"2023-09-11T12:17:22","date_gmt":"2023-09-11T07:17:22","guid":{"rendered":"https:\/\/propakistani.pk\/proproperty\/?p=19160"},"modified":"2023-09-11T12:17:22","modified_gmt":"2023-09-11T07:17:22","slug":"cda-halts-new-projects-due-to-financial-constraints","status":"publish","type":"post","link":"https:\/\/propakistani.pk\/proproperty\/cda-halts-new-projects-due-to-financial-constraints\/","title":{"rendered":"CDA Halts New Projects Due to Financial Constraints"},"content":{"rendered":"<p>ISLAMABAD: The Capital Development Authority (CDA) has announced its decision not to initiate any new development projects due to financial constraints.<\/p>\n<p>The agency cited a decrease in revenue as the reason for this decision and emphasized that its priority is completing ongoing development projects.<\/p>\n<p>Billions of rupees are required for the completion of ongoing projects, including the expansion of the Expressway, road development from D-12 to E-11, and the development of sectors I-12 and I-15, among others.<\/p>\n<p>The CDA is eagerly awaiting the second installment of payment from the auction of commercial plots, expected by the end of the next month, to support ongoing projects.<\/p>\n<div style=\"clear:both; margin-top:0em; margin-bottom:1em;\"><a href=\"https:\/\/propakistani.pk\/proproperty\/cda-employees-not-eligible-for-govt-houses\/\" target=\"_blank\" rel=\"dofollow\" class=\"ue18fe57afcf21cf01a914e49f45939df\"><style> .ue18fe57afcf21cf01a914e49f45939df { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#2C3E50; border:0!important; border-left:4px solid #F1C40F!important; text-decoration:none; } .ue18fe57afcf21cf01a914e49f45939df:active, .ue18fe57afcf21cf01a914e49f45939df:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .ue18fe57afcf21cf01a914e49f45939df { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .ue18fe57afcf21cf01a914e49f45939df .ctaText { font-weight:bold; color:#F1C40F; text-decoration:none; font-size: 16px; } .ue18fe57afcf21cf01a914e49f45939df .postTitle { color:#eaeaea; text-decoration: underline!important; font-size: 16px; } .ue18fe57afcf21cf01a914e49f45939df:hover .postTitle { text-decoration: underline!important; } <\/style><div style=\"padding-left:1em; padding-right:1em;\"><span class=\"ctaText\">ALSO READ<\/span>&nbsp; <span class=\"postTitle\">'CDA Employees Not Eligible for Govt Houses'<\/span><\/div><\/a><\/div>\n<p>An upcoming auction in October-November is also anticipated to generate significant revenue for project continuity.<\/p>\n<p>The decline in revenue, primarily from plot transfers and building plan approvals, is attributed to high taxes in the real estate business, affecting the CDA&#8217;s financial situation.<\/p>\n<p>While the CDA may consider new projects of significant importance in case of substantial earnings from upcoming auctions, the current focus remains on ongoing projects.<\/p>\n<p>Three potential projects, Shaheen Chowk Interchange, Serena Interchange, and 11th Avenue Interchange have completed their file work but are currently deferred due to financial constraints.<\/p>\n<div style=\"clear:both; margin-top:0em; margin-bottom:1em;\"><a href=\"https:\/\/propakistani.pk\/proproperty\/say-goodbye-to-delays-cda-launches-automated-building-approval-system\/\" target=\"_blank\" rel=\"dofollow\" class=\"ue170fbd1b08bb5f8187217e99800cc86\"><style> .ue170fbd1b08bb5f8187217e99800cc86 { padding:0px; margin: 0; padding-top:1em!important; padding-bottom:1em!important; width:100%; display: block; font-weight:bold; background-color:#2C3E50; border:0!important; border-left:4px solid #F1C40F!important; text-decoration:none; } .ue170fbd1b08bb5f8187217e99800cc86:active, .ue170fbd1b08bb5f8187217e99800cc86:hover { opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; text-decoration:none; } .ue170fbd1b08bb5f8187217e99800cc86 { transition: background-color 250ms; webkit-transition: background-color 250ms; opacity: 1; transition: opacity 250ms; webkit-transition: opacity 250ms; } .ue170fbd1b08bb5f8187217e99800cc86 .ctaText { font-weight:bold; color:#F1C40F; text-decoration:none; font-size: 16px; } .ue170fbd1b08bb5f8187217e99800cc86 .postTitle { color:#eaeaea; text-decoration: underline!important; font-size: 16px; } .ue170fbd1b08bb5f8187217e99800cc86:hover .postTitle { text-decoration: underline!important; } <\/style><div style=\"padding-left:1em; padding-right:1em;\"><span class=\"ctaText\">ALSO READ<\/span>&nbsp; <span class=\"postTitle\">Say Goodbye to Delays: CDA Launches Automated Building Approval System<\/span><\/div><\/a><\/div>\n<p>Furthermore, the 11th Avenue project, estimated at Rs. 19 billion, and a road project connecting G.T. Road and Peshawar Motorway (M1) are also facing financial hurdles.<\/p>\n<p>The CDA plans to prioritize the Expressway project from PWD to GT Road, aiming for completion by March 2024.<\/p>\n<p>Additionally, the D-12 to E-11 project is expected to conclude by the end of October.<\/p>\n<p>Among the proposed new projects, the road from G.T. Road to Peshawar Motorway is highlighted as a priority to maximize the benefits of Margalla Avenue.<\/p>\n<p><em>Source: DAWN<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>ISLAMABAD: The Capital Development Authority (CDA) has announced its decision not to initiate any new development projects due to financial constraints. The agency cited a decrease in revenue as the reason for this decision and emphasized that its priority is completing ongoing development projects. Billions of rupees are required for the completion of ongoing projects, including the expansion of the Expressway, road development from D-12 to E-11, and the development\u2026<\/p>\n","protected":false},"author":3,"featured_media":19011,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":["post-19160","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news"],"img_urls":{"thumbnail":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/08\/CDA-Demands-I-15-Allotees-to-Deposit-Development-Charges-by-August-30.jpg",1000,560,false],"medium":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/08\/CDA-Demands-I-15-Allotees-to-Deposit-Development-Charges-by-August-30.jpg",1000,560,false],"full":["https:\/\/propakistani.pk\/proproperty\/wp-content\/uploads\/2023\/08\/CDA-Demands-I-15-Allotees-to-Deposit-Development-Charges-by-August-30.jpg",1000,560,false]},"author_name":"Firas Qureshi","categories_name":["News"],"title_text":"CDA Halts New Projects Due to Financial Constraints","related_stories":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts?filter&per_page=4&categories=5&exclude=19160","_links":{"self":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/19160","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/comments?post=19160"}],"version-history":[{"count":0,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/posts\/19160\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media\/19011"}],"wp:attachment":[{"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/media?parent=19160"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/categories?post=19160"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/propakistani.pk\/proproperty\/wp-json\/wp\/v2\/tags?post=19160"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}