CDA to develop over 30,000 plots in Islamabad
ISLAMABAD: The Capital Development Authority (CDA) will develop over 30,000 allotted plots in Islamabad shortly, besides opening new sectors to address the shortage of houses and to curb spiralling property prices. CDA sources said the authority would initiate work in sectors I-14, I-15, I-16, G-13 and D-12. Development work in I-14 sector is likely to begin by October 15.
According to the CDA, there is a shortage of around 40,000 housing units in Islamabad. About 27,000 government employees are on the waiting list of the Estate Office to get government houses. The Housing Ministry has also asked the Islamabad Capital Territory administration to provide 100 acres of land for the construction of houses. The prime minister has already directed the CDA to open new sectors to curb increasing real-estate prices. He has also directed the Housing and Works Ministry to prepare a redevelopment plan for decaying government houses.
He asked for the formation of a housing advisory board to promote housing in Pakistan on scientific lines. The real-estate prices in the past two years have increased sharply in Islamabad, with investors buying plots and houses at exorbitant prices and making it difficult for the common man to acquire land. A number of fake housing schemes have also sprouted, many overnight in Rawalpindi and Islamabad offering “dream houses” with all facilities where in reality they do not even own the land. However, the property dealers in Rawalpindi and Islamabad continue to fleece the public by making false promises and selling “files” of plots that do not exist, at exorbitant prices. The people have demanded immediate action by the government to end speculative buying. app