ISLAMABAD: CDA is preparing to open a large commercial area along G.T. Road, a project that officials say could earn the civic body more than Rs500 billion.
Sources said Chairman Sohail Ashraf has instructed the relevant teams to move ahead with the scheme, which is likely to launch in the coming months. He has reportedly presided over several meetings on the subject and asked the relevant wings to wrap up their preparations quickly.
CDA acquired the land in 1967, and it spans 3,550 kanals along a 16-kilometre stretch from EME College to Nicholson Monument, covering a 200-foot-wide strip on both sides of the road. Officials estimate that about 2,000 kanals will be usable after planning.
Explaining the revenue projection, an official said that even at a base rate of Rs750,000 per square yard, one kanal would fetch roughly Rs500 million. He added that the plots would be released gradually rather than all at once.
CDA did little to secure the land until 2025, when it began an enforcement drive. A major operation last year, led by the then Deputy Director General Enforcement, Dr Anam Fatima, recovered a considerable share, and another operation is underway. Officials said over 100 permanent buildings have been marked for demolition.Â
Heavy machinery dealers in the Tarnol area are also using the land for parking. Interior Minister Mohsin Naqvi has reportedly backed CDA’s efforts to reclaim state land.
Director General Spatial Planning Ijaz Ahmad Sheikh has set up a four-member committee, headed by Deputy Director General Architecture Ali Abdullah, to finalise the design. Officials expect strong demand for fuel stations, as NHA is adding land to the road.
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Sources:
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