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January 13, 2015
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CDA conducts balloting for 150 plots at Park Enclave

Islamabad

January 13, 2015

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Islamabad
The Capital Development Authority (CDA) conducted balloting for over 150 residential plots of large size at Park Enclave at the Jinnah Convention Centre here on Monday.
The civic body had received tremendous response from buyers as its Estate Management Directorate received 1,506 applications for 154 plots, including 105 of 500 square yards and 48 applications for plots of 1,000 square yards. “We have offered plots in two sizes for Rs17.5 million and Rs35 million but still we received 15 times more applications than the number of plots,” an official of the CDA said.
Over three and a half years back, the authority had sold out less than 700 plots each of 500 square yards size for Rs12.5 million. At present, the prices of those plots had crossed the figure of Rs20 million.
The January 12 balloting supervised by a committee, headed by CDA Member (Finance) Arbab Sher Bahadar, was delayed by three hours because of litigation in a civil court of Islamabad.
The previous allottees of the Park
Enclave who had taken refunds after withdrawing from their plots had obtained stay from the court taking the plea that their names should also be included in the list of applicants for second phase of the posh housing scheme of CDA.
“We started manual balloting of plots in a transparent manner as soon as the court vacated the stay,” an official of the CDA said.
The committee also comprised Deputy Director General Estate and Land Hamza Shafqat, DDG Law Najma Azhar, director Estate Management-I, director Estate Management-II, director Regional Planning and director Public Relations.
The CDA spokesman said that representatives of civil society and NAB were present on the occasion.

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