Pakistan Property & Real Estate News
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- Timely completion of Citizens Club ordered
- Two LDA directors among eight suspended
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- Debate on effective regulation of private housing schemes
- E-11 sector: No check on commercial use of amenity plots
- CDA-RDA conflict on domain spoiling VIP road
- Debate on effective regulation of private housing schemes
- E-11 sector: No check on commercial use of amenity plots
- Saddar Parking Plaza to be made profitable
- LDA’s One-Window Cell under scrutiny
- Notices to 70 housing schemes
- Administrator inspects development works in Landhi and Korangi
- All National Highway schemes to be completed during 2012-13
- Plot cancelled 24 years ago restored
- Prime lands selected for Ashiana schemes
- G-14 allottees decide to become party in IHC case
- Seven LDA officials reshuffled
- LDA to spend Rs64m on Raiwind Road
- Amendments to LDA Act suggested, Source
- Road users undergoing risky task of crossing busy avenues, Source
- Traffic diversion plan for MBRT construction
- LDA operation against illegal housing schemes
- EDP notices, Source
- Entry gates of four colonies razed
- 21 shops sealed
- Rs620m uplift projects approved
- BRTS design changed yet again; elevated portion extended
- BRTS being executed
- IDWP approves 16 development projects
- Public inconvenience phase of BRTS project
- Controversy brings land price down
- IHC orders removal of encroachments
- RCB postpones auction of plaza
- Education City Project’ to move without any hurdles
- CDA set to revise building by-laws for Diplomatic Enclave
- CM inspects Allama Iqbal Road
- NH&MP may fix Ring Road traffic woes
- Commercial buildings: CDA plans to tax owners of shops, offices
- Estate Avenue SITE named after Mehdi Hassan
- Lytton Road traders begin self-demolition of shops
- Five-marla houses tax arrears waived off
- Commercial plazas allowed additional storeys
- Five-marla houses given tax exemption
- CDA sends director packing over fake files scam
- FGEHF fails to provide basic facilities in G-14/4
- LDA lodges FIR against two illegal schemes
- 24 roads declared model: CM Shahbaz Sharif
- 13 shops sealed
- Realtors not in favour of sale of plots
- PML-N working on abolishing patwari culture
- Ombudsman for strict action against illegal construction
- Finally H-8 students get overhead bridge
- Shahbaz chairs meeting on Ring Road
- Land record computerisation project today
- CDA likely to face problems due to delay in land acquisition
- Metro bus service to give new identity to Lahore
- EOBI purchases DHA’s 312.3 kanals for Rs16 billion?
- Court assured All road barriers will be removed
- Bahria Town Golf City ‘Victims’ seek quick justice
- LDA takes control of mortgaged plots
- Massive’ fraud feared: Johar Town exemption of plots under LDA scrutiny
- LDA auctions 13 properties for Rs133m
- Overhead bridge at Choohar Chowk demanded
- State land being cleared off grabbers for sport facilities: Shahbaz Sharif
- PHA residents to pay for civic amenities
- Private housing schemes Drive launched to check pace of work
- Action against housing societies
- Bahria Town summer camp talk of the town
- BRT likely to become operational by September
- CDA unveils Rs28 billion budget today
- LDA’s drive against illegal housing schemes
- Rs1.172b Rawal Town TMA budget approved
- Punjab blocks Margalla Avenue project
- The Mall may have parking plaza
- Progress on housing projects reviewed
- Unauthorised construction at Park Towers CDA suspends six officials
- CDA to auction commercial plots next week
- 9th Avenue flyover in the offing
- Computerisation of land record hits bottleneck
- Court stays plot allotments to deputationists at CDA
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| Plot cancelled 24 years ago restored, Source |
ISLAMABAD: The city managers have set another example of
‘favouritism’ by restoring a commercial plot in G9 Markaz that was
cancelled 24 years ago, a document regarding the Capital Development
Authority (CDA) Board’s recent decision has revealed.
It said that the plot has been restored for the second time by violating
relevant rules and regulations of the civic body and on nominal
charges. According to the rules, the bidder has to pay present market
price of the plot, which has been estimated at Rs 134 million. The CDA
approved its restoration by collecting only Rs 50.5 million.
The plot was restored despite resistance from some of the officials of
the CDA’s Estate Management Wing, sources in the CDA said. According to
the sources, the CDA had auctioned plot No 34A, in G9 Markaz, on October
27, 1988, to Niaz Ahmed Zahid. He had offered the highest bid (Rs 3.861
million) at the rate of Rs 13,900 per sq yard.
Under the CDA rules and regulations the successful bidder deposited
almost Rs 1 million as advance money and rest of the amount was to be
paid in 60 days. The bidder could not pay the remaining money and as a
result the authority cancelled the plot. Ahmed applied for the
restoration of the plot on July 28, 2010. The CDA, in its meeting on
October 18, 2010, restored it, according to the document.
The board in the light of prevalent restoration policy and advise of law
wing restored the plot at a cost Rs 50.55 million and the money was to
be paid in 30 days. However, 30 days deadline again lapsed and the plot
was cancelled.
It has been learnt that the original bidder gave power of attorney to
some other persons who pursued the case and managed to get restored the
pot for the second time from the CDA board on March 7, 2012. The sources
said that the CDA board waived off restoration charges and delayed
payment charges after which the cost of the plot has cut down to almost
50 percent. However, according to the restoration policy present market
price of the plot was to be paid.
According to a CDA official, during the proceedings of the board it was
observed that such cancellation by a deputy director in 2010 estate
management directorate was not according to rules and in contravention
of Supreme Court’s judgment (No 99, PLD 2004) and also without approval
of the competent authority. It was further revealed that member finance
has already granted four months extension in payment so the issue of
cancellation does not stand merit.
The board decided that the bidder will deposit the total premium plus
restoration charges as already decided by CDA Board on October 28, 2010
plus delayed charges for the period January 23, 2011 to June 22, 2012,
within 60 days from the issuance of restoration letter.
When contacted, CDA Spokesman Ramzan Sajid said he was not aware of the
issue and could not comment on it. CDA’s Member Estate Khalid Mirza,
however, speaking to Daily Times said he did not have details of the
case in his mind, adding that he however had nothing to do with the
fixing of cost of the plot. “I only check whether the case falls in the
CDA’s restoration policy or not,” he added.