ISLAMABAD: Only three days after the Capital Development Authority (CDA) introduced the Park Enclave Housing Scheme on the Park Road here, the private sector has announced a housing scheme by the name of Bahria Enclave.
The private one-kanal plot in the Park Enclave Housing Scheme of CDA has been fixed at Rs12 million, while the scheme launched by a private developer by the name of Bahria Enclave opposite to the Park Enclave has one-kanal and 10-marla plots. The price of one-kanal plot has been fixed at Rs6 million and that of 10-marla at Rs3 million. The down payment for one-kanal plot has been fixed at Rs717,000 and it has been fixed at Rs408,000 for a 10-marla plot, while CDA has fixed down payment for a one-kanal plot at Rs3 million.
The needy people and investors are drawing comparison between the two schemes, located opposite to each other, for investment. The last date for submission of form for Bahria Enclave is July 20 while for the Park Enclave it is July 30. As far as the location is concerned, the two schemes are opposite to each other and enjoy equal importance, but the price of a plot in the private housing scheme is half as compared to the scheme launched by the CDA.
Secondly, the Bahria Town has completed its housing schemes in Lahore, Rawalpindi and Islamabad in a record period, whereas the track record of CDA shows that it still has not got the possession of land for one of the two sectors, D-12 and E-12, launched 22 years ago. The possession of plots is, however, being given now to the allottees in Sector D-12, but the development work has yet not been completed in the sector despite the fact that the contract for the purpose was awarded in 2005. The work was to be completed in 18 months, but practically only 60 percent work has been completed until now.
The CDA had launched Sector I-11 20 years ago, but the allottees are yet awaiting the possession of the plots, as slum dwellings still exist at the site. Sector I-15 was launched in 2005 and CDA earned billions of rupees through the sale of 5,540 plots and 8,000 flats, but the development work in the sector could not be initiated till date. The credibility of CDA has been badly hurt because of non-completion of work in the sectors that were launched during the last 22 years.
The developers, who launched Bahria Enclave, are of the opinion that they have kept the price low so that the people belonging to the middle class could also realise their dreams of owning a house in Islamabad. The objective of developing 10-marla plots is also the same, they say.
Khan. replied on Wednesday, July 13, 2011 11:48 AM
Just a thought.
In my humble opinion this face off or competition is good for consumers.
If one buys CDA PE, CDA will be compelled to develop faster and better then Bahria E. At the end of day, investors/consumers will benefit because they got quality and faster delivery of plots instead of waiting for 20 yrs to get there plot.
If one buys Bahria E, same thing Bahria will be compelled to deliver faster. An opportunity for investor/consumer to make profit or build house.
I personally think both should move fwd w/plan and provide the best to end user. I personally applied for 10 marla in Bahria due to price factor and hoping that i get the plot in next 2-3 yrs to build a house for myself. |
mahmood replied on Thursday, July 14, 2011 09:53 AM
I have personally contacted Officers of Master plan cell CDA and they informed that Bahria Enclave islamabad project is without any permission from CDA. In fact this project falls within Zone 4, which is not meant for private housing schemes. This is a big scam and some big CDA officers are also involed in this fraud. Bahira town do not own the land. The land belong to some one Mr.awais. Its location plan as adverised in the press is also wrong. its origional location is far away from cda project. Please contact Master plan Cell of CDA for factual position and guide the public. |
