Islamabad: The Capital Development Authority (CDA) has taken decisive action by revoking the allotment of 49 plots in prime locations across Islamabad, as reported by a news source on January 29.
As per the details, this move comes as a response to violations of terms, rules, and regulations, as well as non-compliance with obligations and outstanding dues. In reference to the public notice issued by the CDA, the cancelled plots include one in the prestigious 17 various main commercial areas (Marakaz) across the city. Additionally, 11 plots in the Industrial Area and 7 in Class III shopping centres have been revoked. Furthermore, 2 plots in CDA Park Enclave and 11 plots in the I&T sectors are also affected.
The aim behind this action is to uphold strict adherence to established guidelines and foster a culture of compliance within the real estate sector. The CDA emphasises that these cancellations are a consequence of clear violations and failure to meet specified obligations.
To safeguard the interests of the public, the CDA advises against engaging in any transactions related to the cancelled plots. It is important to note that the authority will not be held responsible for any financial losses incurred due to investments made in these plots.
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