Islamabad: The Naya Pakistan Housing and Development Authority (NAPHDA) has announced its decision to develop a section of the Blue Area locality in collaboration with the Capital Development Authority (CDA), a news source reported. As per details, the authority seeks to commence with the said initiative on a public-public partnership (PuP) basis.
At present, commercial properties in the Blue Area belong to the CDA and the NAPHDA plans to start a joint venture there. The commercial land in Blue Area is highly coveted and the CDA has generated billions of rupees through auction of valuable commercial plots.
NAPHDA recently requested the Cabinet Division to seek input from the Ministry of Law and Justice on the former’s proposal to begin a public-public partnership with the civic agency. Under the project, NAPHDA and CDA are expected to jointly develop the area and bring it for sale purpose.
According to a November 15 letter issued by the CDA, the development authority owns 172 kanals of partially planned land in Blue Area G-8, 345 kanals of partially planned land in F-9 and G-9, 345 kanals of unplanned land in F-9 opposite F-10 Markaz, 732 kanals of unplanned land in E-10 and F-10, 366 kanals of unplanned land in F-11, 732 kanals of unplanned land in E-12 and F-12, 732 kanals of unplanned land in E-13 and F-13, and 366 kanals of unplanned land in F-14 that was recently acquired by the Federal Government Employees Housing Foundation (FGEHF), but would be transferred to the CDA for planning, development and disposal.
The letter was written in response to a document issued by the Cabinet Division wherein it had asked the CDA about details of encumbrance-free land in Islamabad. This would be used to constitute the Federal Land Bank by NAPHDA.
