Islamabad: The Capital Development Authority (CDA) is changing its compensation approach by paying cash for acquired land instead of built-up property (BuP), according to news published in the leading newspaper on October 14.
As per the details, the decision to discontinue the allocation of plots in favour of cash compensation stems from past controversies and delays in land acquisitions, and the CDA Chairman Anwarul Haq confirmed this shift in policy during an interview. He emphasized that the new approach would be presented to the board for final approval, specifying that it would only be applicable to future acquisitions.
Furthermore, the development states that the civic agency will also ensure that both land and BuP awards are announced simultaneously for transparency and efficiency, thereby averting any delays in land acquisitions.
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.
