The Capital Development Authority (CDA) has assured a Senate standing committee that it will take possession of land in Sector E-12 within 6 months. Sector E-12 was launched in 1985, but it has not been completed in the intervening three decades.
Now, however, the CDA seems to be serious about completing the sector in a bid to provide some relief to those who have properties in the sector and have waited for 30 years for their investments to mature.
The sector was planned to be a posh residential area during the government of General Zia ul Haq and it was supposed to be completed with 3 years. However, the death of General Zia announced the loss of ownership of land in Sector E-12 for the CDA, and landowners also refused to hand over their land later on.
According to CDA’s official social media page, at one point the CDA used force to take possession of the land, but that resulted in a horrendous situation for the authority as two civilians lost their lives in the conflict and CDA officers faced criminal prosecution.
Amidst all this agitation, the National Accountability Bureau (NAB) started probing the matter and launched an inquiry into allotments in the sector, because of which the project remained stalled for two decades.
“The CDA has acquired 70% of the land in Sector E-12, but no development work is being undertaken in the locality as of yet,” an Islamabad-based estate agent told Zameen.com on condition of anonymity.
We have also learnt that the rates in the locality are pretty high despite the fact that there is practically nothing in the sector right now. According to a market price quote taken by Zameen.com, the value of 1-kanal plots in the locality currently ranges between Rs 19,000,000 and Rs 20,000,000.
See for yourself what Sector E-12 looks like right now:
Pictures Credit - CDA Islamabad Facebook Page
Now that the CDA has vowed to take possession of the land, I think the investors should wait for another 6 months to see if this claim has any veracity. Let’s have a further discussion on the topic in the comments section below.