Islamabad: The Capital Development Authority (CDA) on Saturday (September 12) announced via its official Facebook page that it had started to receive applications for the residential plots located in Park Enclave Phase III. As per the post, the deadline for submitting the application forms is September 17; with the authority set to conduct the ballot on September 24.
The CDA has set up a dedicated page on its official website that provides details on how to apply for the Park Enclave III residential plots. As per the information available there, all Pakistani citizens are eligible to apply – be it residents or non-residents as well as companies/firms and housing societies registered under the relevant law.
In addition to that, the authority will also be taking applications from foreign companies/nationals who have the required permissions issued by the Minister of Interior. Those looking to be a part of the balloting process on behalf of another person or company are required to submit the Special Power of Attorney, sealed resolution or authorisation from the company along with a copy of Certificate of Incorporation or Registration.
Following are the details on how to apply online for the residential plots in Park Enclave III:
Applicants must know that application form for these plots required to buy online cost PKR 10,000/each and can be purchased via credit/debit card. Each application form has a unique number that is required for the proceeding of the online application process. This number will be sent via an email
After purchasing the form and receiving the application number, the applicants will have to deposit 10% of the total price as down payment against each application in any of the following CDA international bank account numbers:
Askari Bank Ltd
A/C No. 1870100023194
IBAN No. PK44ASCM0001870100023194
SWIFT CODE ASCMPKKA
BRANCH CODE 0187
BRANCH Old Naval Headquarter Melody, G-6, Islamabad
Muslim Commercial Bank (MCB)
A/C No. 1200163251004387
IBAN No. PK12MUCB1200163251004387
SWIFT CODE MUCBPKKA
BRANCH CODE 0965
BRANCH CDA Secretariate, G-7/4 Islamabad
Habib Bank Limited
A/C No. 000602000003701
IBAN No. PK27HABB0006020000003701
SWIFT CODE HABBPKKA602
BRANCH CODE 0602
BRANCH Main Civic Centre Melody, G-6, Islamabad
United Bank Ltd (UBL)
A/C No. 268279466
IBAN No. PK94UNIL0109000268279466
SWIFT CODE UNILPKKA
BRANCH CODE 0693
BRANCH Main Civic Centre Melody, G-6, Islamabad
Once the payment is made, the bank will issue a reference number along with the receipt for token of funds. This reference number is mandatory for submitting an online application form
The applicants are now required to fill in the Online Application Form available using their CNIC/NICOP and the application number sent via email to complete the application process
Once the application is successfully submitted, the CDA will send an acknowledgement email
The CDA will send a notification to the applicant upon receiving the funds – 10% down payment (submitted in any of the above-mentioned bank accounts)
The successful applicants will bear all the government-imposed taxes
By submitting an online form, the applicant agrees to the terms and conditions specified by the CDA on its online brochure
Refund Policy
The unsuccessful applicants will receive the refunded payment within 45 days of the ballot completion in PKR
The CDA or the bank where the funds were deposited will not pay any markup, profit or interest to the applicant
The same bank where the deposit was made will issue the refunds
The bank will issue the refund in form of draft/PO/CDR after completing the due verification process – which will be crossed as ‘Payee Account Only’ and marked as ‘Non-Transferable’
Applicants must clearly mention their bank, branch name, and account number in Pakistan for the deposit of the refunded amount.
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.
I am a NRP and I wanted to invest in the project but no measures were taken to cater the overseas Pakistanies