CDA finally decides to start work on Park Enclave from 16th

[Lahore_Real_Estate]

ISLAMABAD - After facing criticism for ignoring the Park Enclave Project in favour of other projects, the Capital Development Authority (CDA) has finally decided to start work on the Park Enclave housing scheme from February 16, Pakistan Today learnt on Tuesday. The decision was taken during the CDA board members special meeting held on Tuesday. A source privy to the meeting, seeking anonymity, told Pakistan Today that various issues were discussed during the meeting, including setting the time for the development of the Park Enclave and floating the sectors acquired under the land sharing formula.
The source said the reasons behind the project’s delay were also investigated.
CDA Chairman Farkhand Iqbal said 40 percent of the funds generated through Park Enclave would be spent on its own development. He also criticised the ‘tradition’ of spending the funds generated by one project on others and said the practice should end.
Sources in the CDA alleged that the funds generated through the Park Enclave had been spent on other projects, endangering the housing scheme. They said the CDA needed to execute the projects which can generate funds for the civic body. The CDA chief had also claimed in the past that the Park Enclave could generate billions of rupees for the authority.
CDA spokesman Ramzan Sajid told Pakistan Today that it was decided in the meeting that a focal person would be appointed for monitoring the complaint enquiries of the civic body. The board members had also highlighted the progress on the development of the previously stalled sectors. He added that the issue of resolving the problems of the slums also came under discussion.