KARACHI, April 16: The city government has chalked out a plan to commercialize plots/land situated on various thoroughfares.
According to sources, the commercialization of buildings/lands situated on as many as 12 main roads will be undertaken in two different phases.
The six major roads where commercialization would be allowed in the first phase include Sharea Faisal (from Metropole Hotel to Malir Bridge); Tariq Road (from Bahadurabad roundabout to Sharea Faisal), Rashid Minhas Road (from Sharea Faisal to Nagan Chowrangi), University Road (From Jail Chowrangi to Safoora Chowrangi), Sharea Pakistan (from Teen Hatti to Sohrab Goth) and Nazimabad Left side of main road towards Paposh Nagar and extension up to Lasbella Bridge).
The other six roads to be declared for commercialization in the second phase are: North Nazimabad 300-feet wide Road (Shahrah Shershah Suri and Shahrah Jehangir), Clifton Road (from bridge to Do Talwar and Khayaban-e-Jami), Khalid Bin Waleed Road, PECHS’ Jamaluddin Afghani Road and Allama Iqbal Road, PECHS, Sir Syed Road, Shaheed-i-Millat Road and Sharea Quaideen (from Society Office to Sharea Faisal).
However, the proposed rates for conversion are as follows:
Sharea Faisal — from Metropole Hotel to Shaheed Millat Bridge — (Rs15,000 per square yard), from Shaheed-i-Millat Road to Karsaz Signal (Rs12,000 per sq yard), from Natha Khan Goth bridge to Model Colony More (Rs10,000 per sq yard) and from Model Colony Morr to Malir River’s bridge (Rs5000 per sq yard).
Tariq Road to Bahadurabad’s commercial area and Sindhi Muslim Housing Society to Sharea Faisal (Rs 10,000 per sq yard), Rashid Minhas Road — KDA Schemes Nos 16, 24 and 36 — i.e. from Drive- in Cinema Gulshan-i-Iqbal bridge (Rs 8000 per sq yard) and from Gulshan-i-Iqbal bridge to Shafiq Morr (Rs 5000 per square yard).
University Road — KDA Schemes Nos 24 and 36 — i.e. from Civic Centre to NIPA traffic intersection which also includes areas situated on both sides of Nadim Medical Centre (Rs8,000 per sq yard) and from NIPA to Safoora roundabout (Rs5,000 per sq yard). Sharea Pakistan — from Teen Hatti bridge to Al-Karam Square’s Railway crossing (Rs 5000 per sq yard) and Circular Railway Line — Meena Bazaar to Sohrab Goth bridge (Rs 7000 per sq yard).
Nazimabad A Road — from Lasbella bridge to Nazimabad First Chowrangi, only left side (Rs 5000 per sq yard) and from Sir Syed College to Circular Railway line — left side (Rs 7000 per sq yard).
The rates for the commercialisation of residential buildings and plots, situated on the roads to be declared commercial in the second phase would be announced by the city government at a later stage.
The proposed commercialization plan made by the city government’s master plan group of offices’ executive district officer on the directives of the city Nazim Naimatullah Khan will, however, be subject to certain pre-conditions and these are as follows:
a) The revenue to be collected from commercialization will be kept in separate account and used for increasing services and carrying capacity of infrastructure of the area,
b) development work will be executed through the town/government or as deposit work by the concerned utility agency
c) ample car parking space be provided on suitably located plots in the vicinity to avoid traffic congestion,
d) solid waste management mst be ensured and rules for noise and air pollution be strictly enforced.
