Rawalpindi: News sources reported on February 24 that the Rawalpindi Development Authority (RDA) has come up with a plan to bring in more money by building commercial real estate projects on all the plots it owns.
Read more with EL news: CBD would have the highest building in Punjab
Sources say that RDA Director General Saif Anwar Jappa said that the goal of the strategy is to make the authority financially stable and self-sufficient so that it can pay for its own development work in the future. He said that the authority will build a three-story commercial building with a basement on an 11-marla commercial plot that the RDA already owns in the Civil Line area. s neighbour will also start working on the RDA Mega Complex project near Murree Road, which will make the area a business hub.
Also, the bidding process for building the three-story parking garage in the unfinished parking plaza at Fawara Chowk will resume and be finished based on the building’s maximum capacity and market prices.