ISLAMABAD-The Capital Growth Authority (CDA) is prone to lengthen the ultimate date for the submission of purposes for its upcoming undertaking Park Enclave-III because of the low variety of purposes acquired thus far. 

The authority has introduced the final date for the submission of purposes 17th of September whereas the balloting is scheduled to be held on September 24. 

Nonetheless, in keeping with the main points, solely 638 purposes have been acquired thus far in opposition to the whole 1061 plots whereas the deadline for the purposes goes to lapse as we speak.

It’s pertinent to say right here {that a} whole of 1898 folks have bought the brochures for the undertaking thus far. 

It’s evident from the report that individuals confirmed their curiosity in small plots as a substitute of massive ones as 357 folks have utilized for plots measurement 25×50 and 209 for plots measurement 35×70 whereas solely 35 folks utilized for plot measurement 40×80.

In line with the CDA’s plan, the undertaking contains 5, seven, 10 and 14 marla plots along with some plots measuring one kanal. In line with the format plan, there are 264 plots of 25×50, 597 plots of 35×70, 124 plots of 40×80 and 76 plots of 50×90.  

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Although the incumbent administration has given the possession of plots in Park Enclave-I and facilities are additionally being supplied; it has but handy over the possession to allotees in Park Enclave-II, who’re ready for a similar for the final a few years. 

It’s to be talked about right here that whole 17 sectors of CDA are nonetheless stalled which had been initiated a number of years in the past. 

Sources contained in the authority knowledgeable that the low curiosity of traders within the new scheme is principally because of the CDA’s unhealthy reputation relating to completion of their tasks. Additionally they contemplate the continuing slumber in property market is one other principal cause of the low response. 

One of many senior officers of the authority has additionally blamed the poor advertising marketing campaign for the low response of the bidders as CDA has issued fairly low variety of commercials in newspapers as in comparison with the media marketing campaign for the earlier auctions and balloting.   

When contacted, Director Public Relations CDA Mazhar Hussain knowledgeable that there’s a day left behind within the closing date and they’re optimistic that extra purposes could be submitted as we speak. 

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He, nevertheless, mentioned there isn’t any choice relating to extension within the deadline.  

On the opposite aspect, one other officer briefed that the balloting could be held even when the variety of purposes stay low.

The authority will maintain balloting for these plots on 24th September whereas three-day public sale of business plots could be held on 21, 22 and 23 September.