Nisar said that after reviewing the detailed judgment of IHC in this case, he had consulted with Prime Minister Nawaz Sharif and other key government officials and had decided to constitute a committee to devise a payback mechanism in consultation with flat owners and allottees.
The IHC had on Friday upheld Capital Development Authority (CDA) decision to cancel the lease of One Constitution Avenue noting that all parties involved including the civic agency, BNP group and the federal government had blatantly violated the law.
One Constitution Avenue case: Flats booked by who’s who of Pakistan
Moreover, the court had noted that neither the civic agency nor the government could justify its regulatory failure and negligence in allowing BNP to illegally sell flats on the property.
On Saturday, Nisar observed that unprecedented irregularities had taken place in the approval, construction and allotment process of the One Constitution Avenue.
On behalf of the government, the minister assured investors and flat owners of the security of their investments and swift compensation.
One Constitution Avenue case: CDA asked to submit affidavit of rule enforcement
He also reminded that strict legal action would be taken against all those officials and government functionaries who were involved in this massive irregularity.
The minister further termed the one constitution building as the worst example of collusion between public officials, government functionaries and the private sector.
The construction and unabated sale of flats in the building, Nisar said, constituted a security hazard for the federal capital.
Published in The Express Tribune, March 5th, 2017.
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