CDA approves allotment of 560-kanal land for construction of new commercial, residential hub.
Capital Development Authority (CDA) has accorded approval to allotment of 560 Kanal of land for construction of new commercial cum residential hub in Gandhara Triangle.
The land will be allotted to Pakistan Avenue development company (PADC), a subsidiary to CDA which will sell out these plots to general public and commercial institutions in this hub. The said firm will purchase land at the rate of Rs. 800,000 per Kanal and it will be binding on it to pay Rs. 440 million to CDA within three months of purchasing of the land.
Sources said that PADC will undertake such commercial activities which will be funded by the Federal government. This company is planning to launch a residential and commercial hub project on the belt adjacent to new sectors C-15 and C-16. The said area is located in Zone-1 wherein approval has already been given to hundreds of residential schemes.
Whats the source of this news???
The news, pakistan today , i forgot to put the link
Dear Badmint, this could be a very nice project, but, i see heavy prices for the plots… So lets see how it goes in the long run…
Mr.khan AND badmint, kindly post the link of this news and also describe the area, where this project is being launched, if u can.
Thx
Great news as it has potential to disturb real state market of ICTspecially in zone 5 ,1 and 2
Any further comments
FAKAT AAP KA APNA
CRORE PATTI
Http://www.pakistantoday.com.pk/2014/02/01/city/islamabad/gandhara-triangle-gets-some-attention/
http://www.onlinenews.com.pk/details.php?newsid=251462&catname=Pakistan
http://tribune.com.pk/story/663480/islamabad-master-plan-know-thy-city-ii/
@badmint
Thanks for. Links posted by you .
Do you have idea when this commercial hub in ghandara triangle will going to be launched or C series sector to be launched . Latest e update about these
As both these projects have potential to rock from bottom the zone two prices
FAKAT AAP KA APNA
CRORE PATTI
Seems a great plan, though will take time probably 10 years or more before kick off.
It says CDA is planning to rezone land in Gandhara Triangle near the Nicolson Monument for high-intensity commercial activity, and another plan is being considered for the area located in the east of Quaid-i-Azam University in Zone III.
Seems like good news for Zone II and Bari Imam.