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CDA to Build New Housing Society on 10,000 Kanals in Islamabad

The Capital Development Authority (CDA) has decided to construct a housing scheme in collaboration with a private firm, reported a national daily.

According to details, the ‘Kurri Enclave Housing Scheme’ is set to be developed across 10,000 canals in Kurri village.

According to details, the ‘Kurri Enclave Housing Scheme’ is set to be developed across 10,000 canals in Kurri village.

Quoting sources, the national daily reported that although the CDA owns the land, the project will be developed as a joint venture.

It is expected to cost billions of rupees, and the CDA will partner with a leading real estate developer or form a consortium comprising multiple firms.

The civic authority board has approved initiating and developing housing schemes with private sector participation.

Previously, CDA issued invitations for Expression of Interests (EoIs) to select reputable firms to execute the project.

The selected real estate firm will be responsible for investing in the development and planning of the project.

It is pertinent to mention that during the last federal cabinet meeting, the caretaker Prime Minister Anwaar-ul-Haq Kakar ordered the authority to prioritize vertical development for residential projects to maximize the number of housing units in Islamabad.

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