Islamabad: The Capital Development Authority (CDA) is considering setting up a City Business District along the newly-constructed Margalla Avenue, according to news published on May 6. The proposed business centre will be set up in Zone 1 of the avenue.
According to a member of the Planning Wing, the civic agency is considering setting up a business centre and the plan was shared with the CDA board in a meeting. Reportedly, the CDA has 1,500 to 1,000 kanals of land in the mentioned area, mostly in Sector C-16. This area will be developed for mixed-use projects, mainly apartments. It was mentioned that the authority will offer apartments to overseas Pakistanis as well.
Moreover, the authority will hire a consultant for developing the area. The CDA is considering only hiring government-owned consultant firms for this purpose. The city already has a city business district, known as Blue Area, and if this plan is approved, it will become the second business district of Islamabad.
Iqra holds BS in International Relations and is passionate about writing engaging content on trending real estate topics. When not working, she is either spending time with family, shopping, or discussing shows & movies.
