ISLAMABAD: Invitations to construct the “Kurri Enclave Housing Scheme” in association with a major real estate player were sent out by the Capital Development Authority (CDA).
In Kurri village, a new housing society covering more than 10,000 Kanals is planned. The local authority owns the property for the housing society, but a joint venture with a real estate developer will develop the billion-rupee project.
As capital continues to grow, CDA will form a coalition with other companies to enable the housing program. The authority’s highest board has already approved the start of housing projects with private sector partners.
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It has been discovered that the chosen real estate company will be in charge of funding the project’s planning and development.
In an effort to increase the quantity of homes in Islamabad, the departing premier also gave the go-ahead for authorities to give priority to vertical construction for residential developments.
Read More: CDA Unveils Ambitious Plan for Model Village in Islamabad
For those who are unaware, the CDA established Kurri Model Village fourteen years ago. It consists of four thousand residential and commercial plots that were given as compensation to people whose land was taken by the city to build a landfill and compost factory as well as the Park Enclave housing project.
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