Post Reply 
 
Thread Rating:
  • 0 Vote(s) - 0 Average
  • 1
  • 2
  • 3
  • 4
  • 5
CDA Deems Monetisation Of Govt Houses Unrealistic
12-12-2012, 02:04 PM
Post: #1
CDA Deems Monetisation Of Govt Houses Unrealistic
The Capital Development Authority (CDA) declared Planning Commission’s dream of monetising sectors G-6 and F-6 by building skyscrapers unrealistic. The Capital Development Authority also warned the federal government that the authority cannot deal with the increase in demand of civic services which will be brought along by high rise buildings if and when they’re built. This was revealed in a meeting held by the Planning Commission Department. It was headed by its Deputy Chairman Dr Nadeem ul Haq and attended by Housing Secretary Kamran Lashari and Chairman CDA Syed Tahir Shahbaz.

The CDA is currently facing financial crisis due to which it won’t be able to build the required sewage and infrastructure to provide disposal, water, electricity and gas to the new dwellers of these high-rise buildings. At the same time, the urban planning wing of civic agency has already prepared the blueprint to construct skyscrapers in the city.

The skyscraper project is a part of the Planning Commission’s ‘New Framework for Economic Growth’, and would contain apartment buildings and commercial plazas as well as new public sector buildings upon completion. The plan also proposes a special zone, which is to be built over an area of 371 acres with high rise developments like that in Hong Kong.

The monetisation of government houses was approved in April and a complete revision of the existing planning parameters, re-zoning and land reclassification had been expected. An official revealed that CDA will have to upgrade all the facilities and services in order to meet the growing needs. An engineering wing official of the CDA also revealed that currently, Centaurs Tower required around 20 megawatts of electricity and CDA will have to install a grid station to meet its need for more power.

If a few more such towers will be constructed, the demand of electricity would go up and CDA will need more space to install grid stations. Despite all of this, Mr Sajid insisted that CDA is an executing agency of the government and once it is given a directive, it will complete its duty of developing the city on modern lines
Visit this user's website Find all posts by this user
Quote this message in a reply
Post Reply 


Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Govt speeds up work on building 500,000 houses . Salman 0 7,722 11-11-2013 12:41 PM
Last Post: Salman
  Five-marla houses given tax exemption Salman 0 9,263 06-15-2012 01:50 PM
Last Post: Salman
  Shahbaz gives away keys of AHS houses Salman 0 4,685 02-11-2012 12:35 PM
Last Post: Salman
  Ban on building houses along Ravi Salman 0 5,415 01-13-2012 12:46 PM
Last Post: Salman
  DHA told not to allow `parties` in houses Lahore_Real_Estate 0 4,129 06-28-2011 03:16 PM
Last Post: Lahore_Real_Estate
  Punjab govt set to announce 50% pay raise for govt employees Lahore_Real_Estate 0 4,953 06-12-2010 11:42 AM
Last Post: Lahore_Real_Estate
  10,300 Houses Newly Constructed Lahore_Real_Estate 0 3,690 04-19-2010 03:38 PM
Last Post: Lahore_Real_Estate
  Construction of houses banned in G-15, G-14 Lahore_Real_Estate 0 3,871 04-06-2010 12:35 PM
Last Post: Lahore_Real_Estate
  Minister for Housing and Works: Govt determined to overcome shortage of houses’ LahoreEstate 0 3,584 01-20-2010 10:12 AM
Last Post: LahoreEstate
  PGSHF: 5 Years Business Plan to Build 23094 Houses for Govt Servants LRE 0 10,938 01-07-2010 08:22 PM
Last Post: LRE
  Inter-Risk used Punjab govt facilities to train guards without federal govt knowledge Naveed Yaseen 0 4,031 10-10-2009 07:38 AM
Last Post: Naveed Yaseen
  Malaysian co to build 160,000 houses LahoreEstate 0 3,279 08-21-2009 05:31 PM
Last Post: LahoreEstate
  Islamabad: Out-of-turn govt houses allotment goes unchecked Naveed Yaseen 0 3,291 11-10-2008 06:43 AM
Last Post: Naveed Yaseen
  Karachi: 7,000 houses for laborers Naveed Yaseen 0 2,746 09-24-2008 06:47 AM
Last Post: Naveed Yaseen
  334 Houses Alloted in Punjab Govt.Servants Housing Mohlanwal Lahore LRE 0 5,916 08-16-2008 09:47 AM
Last Post: LRE

Forum Jump:


User(s) browsing this thread: 1 Guest(s)