CDA will Build a Housing Project in Collaboration With Private Corporations

Islamabad: The Capital Development Authority (CDA) has decided to work with a private entity to build housing endeavors.

The housing development, designated as the “Kurri Enclave Housing Scheme,” is scheduled to take place on a 10,000-kanal plot in the village of Kurri.

The CDA reportedly owns the land; however, the billions of rupee-investing project would be developed in collaboration with a consortium of firms or a prominent real estate developer.

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The board of CDA had previously authorized the initiation and expansion of housing initiatives involving private sector involvement.

Additionally, the governing body had issued Expressions of Interest (EOIs) to select reputable firms to carry out the undertaking. The established real estate firm would allocate funds towards project construction and development.

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