Jeddah Town Islamabad replied on Saturday, September 18, 2010 07:13 PM
CDA issued NOC for 730 plots in Jeddah Town. One of the requirements for issuance of NOC is that the society either mortgage 30% of land, or deposit 100% of the development charges with the CDA. In case the society fails to develop the said housing scheme, the CDA would sell the mortgaged land and use the money so raised to develop the scheme. This is their procedure. Therefore, for those who have plots in the NOC area of Jeddah Town, I would think that your investment is safe after all. I would recommend that you call CDA public relations ( x250), and discuss the matter with them. |