Islamabad: Minister for Housing and Works Chaudhry Tariq Bashir Cheema on Thursday (March 3) notified the Senate Panel that the ministry plans retendering of Kashmir Avenue Apartments project in Sector G-13- Islamabad, according to news sources.
As per the details, the meeting of the Senate Standing Committee on Housing and Works was chaired by Senator Hidayatullah Khan. The minister informed the meeting that the contract for the Kashmir Avenue Apartments project was not awarded at par with the market rates and the submitted bids by the construction companies were too low, which could potentially lead to delay in project delivery.
Cheema disclosed that several projects have been delayed due to ill-planning. He mentioned that a meeting is called next week to discuss the project’s retendering. According to the sources in Federal Government Employees Housing Authority (FGEHA), the increase in the cost of construction materials was the main reason for the delay in projects.
It is pertinent to note that once completed the low-cost apartment project will feature 1,467 apartments. The project encompasses three towers with each tower having a basement and ground plus 21-floors.
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.
