Islamabad: The Capital Development Authority (CDA) on Thursday initiated the process to take possession of the land for Park Enclave Phase II – a news source reported. The ‘Phase II’ compound represents a 300-plot extension of the original project space located on Park Road.
The 1-kanal plots had earlier been auctioned at a price of
PKR 20.5 million each; with the allottees having been promised developed plots in
lieu of the payments made in four instalments over a period of one year.
According to sources, the majority of allottees have deposited all of their
instalments.
According to a CDA press release, the agency has retrieved up to 40 kanals in Park Enclave-II. The operation was conducted by CDA’s enforcement directorate with the assistance of the city administration.
The CDA plans on continuing the operation until all the land
has been retrieved – following which the authority will be in a position to launch
the development work.
It also intends to install a fence around the retrieved land
to ensure that it is not illegally occupied again.
