The Capital Development Authority (CDA)’s budget for 2014-15 has been sent to the CDA Board for approval, a news source has reported. According to the budget’s summary, the civic body has allocated Rs 45 billion for its next fiscal year. Forty per cent of the total budget will be used to pay CDA employees and to meet other administrative and non-development expenses.
Let’s have a look what the CDA is planning to do in Islamabad this year.
New Sectors
According to the budget summary, CDA plans to develop two new sectors in the Federal Capital: C-15 and C-16. However, the dates of the commencement of development and completion of these two sectors remain unconfirmed. Nevertheless, it seems that real estate investors are likely to have more investment choices this year.
Development in existing projects
The civic body seems to be motivated to take development in Sector I-15, Park Enclave, Sector E-12, and Kuri Model Village to the next level. I believe this would be in favour of those who have invested in these localities because they are eventually likely to see increases in value.
Roads Development
The CDA plans to complete the under-construction Margalla Avenue from Sector B-17 to Sector D-12 during this budget period. It also plans to connect Margalla Road with Murree Road. According to the budget summary, the civic body also has plans to connect Rawat GT Road with Zero Point through a 10-lane expressway.
Two underpasses are planned to be built to connect Sectors G-7 and G-8 with Sectors F-7 and F-8. Lastly, the CDA plans to develop an interchange at the Garden Avenue Crossing on 7th Avenue.
These are the proposed developments that the CDA aims to pursue this year according to its budget summary. We aim to keep our readers up to date about the execution of the CDA’s plans in the coming months, so stay tuned and let us know what you think in the comments below!
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Thanks for sharing, Zain. Great update on 2014-15 CDA budget. Many looking forward to see these projects completed in their life time.
Dear Mr Waseem,
You are welcome!
We always try to update our readers about every development in the real estate sector. And let me tell you, the people’s love for Zameen.com is what keeps us motivated.
Thank you!
I have also seen that some of our forum contributors are calling it CDA’s wishlist, which gives me a feeling that people do not trust CDA much.
Dear Zain Sb.,
Where do u see the price of 1 Kanal plot in Sector E-12, 3-5 years down the road
Thanks for the info Zain. What are they planning to do about I-12? I am thinking of investing there soon.
Dear Mr Junaid,
You are welcome. Unfortunately, we didn’t find any update on sector I-12, but we shall try to gather information about it and share it with you, InshaALLAH.
Dear Zain,
kindly suggest where to invest in this scenario that comes good profit.
Thx.
How true is following news? Anyone and evidence of CDA representative on the site? please comment. thanks,
Waseem
Camp Office of Land and Rehabilitation Directorate established at Sector E-12
Islamabad, March 04, 2014 On the directions of Chairman Capital Development Authority (CDA), Maroof Afzal a Camp/Site Office of Land and Rehabilitation Directorate has been established at Dhok Choora Stop, Sector E-12 to facilitate the affectees. The Revenue Staff deputed at Camp/Site Office will process the pending claims at site for early disposal of their rehabilitation benefits.
Dear Mr Waseem,
Since CDA had aired this news itself, it should be genuine one.
Dear Zain Nadeem aoa. I intend to invest some money in E-12 and I/12. I will appreciate if I am updated timely about the development of these sectors. Thanks
Dear! can you guide me about situation of I-16 and its future for investment.
Dear! can you guide me about situation of I-16 and its future for investment.v
Any update about the kurri model village, Is it time to invest in kurri Model village or any other society.
Please update about kuri model village?