ISLAMABAD: In response to an advertisement by the Capital Development Authority (CDA) for the development of ‘Kuri Enclave’ in Islamabad under a land-sharing formula, several renowned developers, including the Defence Housing Authority, expressed their interest in the proposed housing scheme.
In addition to the army-run authority, Bahria Town of Malik Riaz, Park View of Aleem Khan, ZM/Faisal Hills of Chaudhry Majeed, New City Paradise, AKD Group of Abdul Karim Dhedhi have submitted their proposals for the said contract.
The Kuri Enclave will be developed on 10,000 kanals and it will be the largest housing scheme of the CDA. Normally, the CDA develops its sectors on 8,000 kanals. The civic agency wants to develop this sector through a joint venture with private developers or through any institute on a plot-sharing basis.
The successful bidder will develop the said sector and it will provide developed plots to the CDA under the formula yet to be determined. These plots will be sold in the open market.
DHA, Bahria Town, Park View submit proposals for ‘biggest housing project’; financial bids to follow technical evaluation
“DHA, Bahria Town, Park View and some other big names are in the race to get this contract. After technical evaluation of their proposals, the CDA will go for financial bids,” a CDA official told Dawn.
According to the CDA advertisement, the successful bidder will execute the project of the state-of-the-art residential complex/community, comprising of residential and commercial units plots (horizontal as well as vertical) along with all facilities and amenities connected therewith.
The successful bidder shall exclusively be responsible for the successful and timely execution of the project and undertaking and performing tasks, actions, and works as may be required.
The entity shall commence and complete the development works of the project as per the approved schedule and plan. The CDA advert further said that before the market launch of the project, all initial expenditures, investments, and finances shall be provided, incurred, and borne exclusively by the developer. However, the CDA stated that rights/ownership of land shall exclusively rest with the CDA.
The sources said the CDA had acquired land for the development of the Kuri model village decades ago but after announcing the land award it took no serious steps for its development.
The model village was to be set up on 3,200 acres in Kuri, Majohan and Rehara revenue estates. The area falls in Zone IV.
The CDA recently collected applications from the local people to clear their pending built-up property cases to get possession of the land from them. It was decided that all the 2,700 affected people would be given compensation against their BuP claims. In September last year, the IHC after vacating stay orders on the stalled model village project had given the go-ahead to the CDA for the development of the housing scheme.
Published in Dawn, February 28th, 2024
