Wednesday, May 4, 2011

Funds-starved CDA to launch another housing project

ISLAMABAD: Capital Development Authority (CDA) has announced Park Enclave- an environmental friendly model housing project in the heart of Islamabad- consisting of 700 houses in phase-I and other 600 houses in phase–II equipped with state-of-the-art facilities. The Park Enclave is located on Park Road and Chak Shahzad at intersection with Kurri Road.

The CDA Chairman announced this project on Tuesday at Jinnah Convention Centre. He said the CDA was expecting more than Rs 10 billion profit from sale of plots in the first phase. Prime of Pakistan Syed Yusuf Raza Gillani will inaugurate this project in the current month.

The CDA Member Finance Saeedur Rehman and Member Planning and Design Tahir Shamshad were also present on the occasion him.

The chairman said the scheme would be completed in two phases. In Phase-I, a gated housing community comprising of about 700 houses, will be developed. About 60% of area has been allocated for roads, green areas and other amenities, said the chairman.

Giving a background of the development of housing in the capital he said the Islamabad city comprised of five main zones. The total area of the city was 906 sq kms. Out of these zones, zone IV was the one covering the largest area of about 70,000 acres. The city was developed typically in 2 x 2 km sectors with a central commercial area or Markaz. The most populated zone in Islamabad was Zone-I and the last housing project proposed, approximately 20 years ago, were E-12 and D-12.

The chairman said in a recent development, Supreme Court of Pakistan had allowed housing in Zone-IV. Therefore, a zoning plan for Zone-IV had been prepared having sub- zones for different property uses, including residential use.

“The main concept given in regulations for housing in Zone-IV is to develop modern environmental friendly housing for sustainable development. The Zone-IV provides a suburban green field environment for its residents and the CDA intends to provide them modern civic facilities besides, they enjoy natural beauty of open greens and clean air,” Elahi apprised the civic panel bosses.

He said CDA being eco-friendly organization and trendsetter in the country, intended to plan, design and develop an environmental friendly model housing project in Zone-IV. The project would not only providing contemporary living but woul

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