ISLAMABAD: The Capital Development Authority (CDA) has delayed commercial land auction, which was scheduled for Feb 17 after boycott by some real estate developers under the umbrella of Islamabad Developers Association (IDA) for not accepting their demands.
The developers’ demands include electricity, water supply and sewage lanes, gas, etc, at previously auctioned plots by the CDA, ill-planning of priced commercial plots without addressing aggravated parking issues in famous business centres, and delayed processing of plots files.
The real estate developers also suggested CDA that the authority should revise its decades old planning bye-laws, incorporation of representation of developers in the CDA board, and one-window processing of commercial plots files valuing over Rs1 billion.
According to a report presented before a parliamentary panel by the CDA, since July 2008 to June 2014 the authority auctioned a total of 2315 plots – 2171 residential and 144 commercial – at different developed sectors of Islamabad for Rs52.23 billion.
