Capital Development Authority has received overwhelming response to Park Enclave-III project
Islamabad, September 20, 2020 (PPI-OT): Capital Development Authority (CDA) has received overwhelming response to Park Enclave-III project. For a total of 1061 plots, 1600 applications have been received by the deadline. The sale of forms separately was even higher.
This is first time ever that in a brief period of one month the project has been oversubscribed. The number of applications are along with advance amounts. CDA has already placed fencing around the proposed site, and development planning is underway. It is expected that within this calendar year development activity will be started.
CDA is likely to generate around 14 billion just with this response. Now commercial auction of Park Enclave-III will follow during the developmental phase. The management has directed that apart from physical infrastructure simultaneously work on electrification and gas supply must be started so that complete solution is provided to proposed residents. Necessary funds are being allocated and separate account for development will be maintained. Balloting for allotment of plots will be held at Jinnah Convention Center on September 24, 2020.
For more information, contact:
Public Relations Directorate
Capital Development Authority (CDA)
Main Office, G-7/4, Islamabad