Park Enclave II: CDA receives 700 applications for plots

Authority says balloting for 315 plots to begin soon.

ISLAMABAD: The Capital Development Authority received good response for its newly launched housing scheme, Park Enclave-II.

Some 700 applications were received by the authority against a total 315 plots available, each measuring 500 square yards, at the scheme located on Park Road.

The venture aims to generate Rs6.5 billion during a one-year period, under the 12-month instalment schedule announced by the civic agency.

The price of each plot has been set at Rs20.5 million.

The authority has announced that transparent balloting of plots will be held in the next few days.

Park Enclave-II is an extension of the CDA’s prime Park Enclave Housing Project, launched in 2011. Around 90 per cent of development work on Park Enclave-I is complete. So far, the CDA has not given any timeframe for the initiation and completion of development work at Park Enclave-II.

“In order to ensure transparency and to facilitate the applicants, after compiling the data, particulars of the applicants would be uploaded on CDA’s website, so that any objection, if any, may be addressed,” said the CDA spokesperson Ramzan Sajid.

Sajid said the policies of the incumbent management had put Islamabad back on the track of progress. He said with the local government in the federal capital had left CDA with no other task other than planning and developing residential and commercial schemes in Islamabad.

“Now the authority will only focus on the development of Islamabad,” Sajid added.

The spokesperson said a committee had also been constituted tasked to supervise the balloting process, scheduled to be held in the coming week. He said the project would help bridge the gap between housing needs and the shortage in Islamabad.

Once completed, Sajid added, the project would be the most beautiful project ever developed in the capital city.

Published in The Express Tribune, January 23^rd,  2016.