Recently, civic agency received only 37 applications for 484 plots. PHOTO: FILE
The Capital Development Agency (CDA) chairman has will begin supervising future plots auctions after the civic agency’s recent poor performance.
“The chairman is personally supervising all preparations for auctioning commercial plots on October 29 and 30,” an official of the estate management wing said. The authority has identified 36 commercial plots in different developed sectors for auction.
Recently, unrealistic and high prices of plots at D-12 and E-12 sectors attracted only 37 applicants against a total of 484 plots costing Rs416.7 million. “Though it is the responsibility of the estate member to finalise the list of plots for auction, the recent low sale of plots has forced the chairman to get involved in the preparations,” the official added.
Commercial plots in different sectors including three in Sector I-8, six each in sectors G-9 and Sector G-11, nine each in sectors I-11 and F-11, two in Sector F-7, and one in the Diplomatic Enclave will be listed.
The CDA recently decided that the practice of paying staff salaries and meeting non-developmental expenditures through the sale of plots would be done away with, but no mechanism has been established thus far to create other revenue streams to meet these expenses.
CDA Public Relations Director Asim Khichi told The Express Tribune that sale of plots to meet expenditures would continue until other sources of revenue were found.
Published in The Express Tribune, October 12th, 2013.
COMMENTS
Comments are moderated and generally will be posted if they are on-topic and not abusive.
For more information, please see our Comments FAQ