FGEHA needs Rs7b to pay BUP owners

ISLAMABAD:

The Federal Government Housing Employees Authority (FGEHA) requires around Rs7 billion to clear Built up Property (BUPs) dues in Sector G-14/1, 2 and 3. The award of BUPs in G-14/1, 2 is yet to be made for which survey is going on, however Rs1.889 billion has been awarded as compensation for 529 BUPs in G-14/3 by the Land Acquisition Collector (LAC) office ICT an official told APP. He said the award of land in Sector G-14/4 Islamabad was announced in 1995 at the rate of Rs230,000 per kanal for total land 1,459 kanals. The sector was now developed and allottees were residing therein. The land falling in Sector G-14/1, 2 and 3 was announced in 2005 at the rate of Rs590,000 per kanal for total land of 4,820 kanals, the official added. He said the amount was transferred to the LAC office ICT, which has been accordingly paid to the respective owners of the land, adding that the number of provisionally handed over plots to the respective allottees in sector G-14/2 &3 Islamabad were 999.

Published in The Express Tribune, September 3^rd, 2020.