CDA (Capital Development Authority), if you’re in Blue Area Islamabad and have a keen eye on properties in Islamabad, then you must have an idea about the CDA. In the capital city, only CDA-approved properties guarantee safe and sound investments.
Given that it is the residence of diplomats and the home of numerous foreign embassies, the capital city is highly investment-friendly on both a global and national scale.
Also, the city, being the federal backbone of the country, is attributed to managing all of the crucial economical functions. Thus, real estate in Islamabad is definitely a safe bet for investors.
So, are all the properties in the capital worth a shot?
No… here’s a run-down of why you should invest in CDA-approved properties ONLY, and what makes a difference to properties with a CDA badge.
CDA-approval for Commercial Real Estate in Islamabad
Real estate is a type of industry that deals with purchasing, selling, maintaining, and investing in property. And, this is one of the high-yielding sectors of Pakistan.
Whether it’s COVID or any other economical downfall, Pakistan has never witnessed a fall in this category. Here, real estate investments are expanding significantly and experiencing constant progress.
There are countless individuals looking for properties every day all around Pakistan- whether it’s for commercial or housing purposes. Individuals are willing to invest their time and money in only those projects that have been approved by the government and are free from potential legal complications.
Regulating Bodies in Real Estate
It comes as no surprise that individuals have often been scammed and lost a great sum of money in real estate. This is because there are many illegal real estate projects that are being built in the city. But thanks to the vigilance of our authorities, for taking strict actions against them sooner or later.
However, this kind of scam and loss of money can be avoided if individuals invest only in those properties that are approved by civic authorities.
There are a couple of government-run regulating bodies in Pakistan’s real estate sector, ensuring that all commercial and personal projects taking place in the major cities adhere to given regulatory requirements.
The most notable bodies of Pakistan’s real estate are; Capital Development Authority (CDA), Lahore Development Authority (LDA), and Karachi Development Authority (KDA).
Additionally, these authorities offer real estate societies a non-objection certificate (NOC), stating that the plan is entirely authorized and that no prospective legal issues are anticipated. Very often, these authorities release a list of projects that are approved by them, making it easier for real estate investors to make sensible decisions.
As a result, real estate developers in Pakistan consider the approval of these authorities highly essential before bringing the project to the public.
What is CDA?
Capital Development Authority (CDA) was established in 1960, by an executive order entitled the Pakistan Capital Regulation, superseded by the CDA Ordinance.
The Ordinance outlines the functions of a Municipal Committee and provides for cleanliness, education, the health of inhabitants, supply of goods, articles of food, and mild, promoting the interest of different sections of the public. The Ordinance overlooks the planning and development of the Capital and the completion or authorization.
Capital Development Authority, being a statutory body, is expected to deal with citizens fairly and honestly.
CDA Project in Islamabad
The CDA in Pakistan real estate is the highest administrative body in charge of city planning, construction, and upkeep in the nation’s capital, Islamabad. CDA-approved societies guarantee investors that they are not investing in fake/fraudulent properties.
Citadel 7, a CDA-approved real estate project by Chakor Ventures is a fantastic investment option for those looking for stress-free investments in Islamabad. This is one of the emerging properties in Islamabad, located in Blue Area Islamabad. This project is guaranteed to present investors with one of the safest investment options in the country.
This project contains state-of-the-art facilities, including extravagant lobbies with centralized atriums as well as a shopping mall and food court.
Not only is the structure itself CDA-approved, but so is the outdoor parking lot adjacent to it. This parking lot, in addition to the 4 levels of dedicated basement parking, will ensure that individuals are able to easily find parking spaces.
Overall, every aspect and feature of this project can be said to be secure and safe, and so is the given real estate opportunity, especially for those looking to make quick returns.
