ISLAMABAD: The Naya Pakistan Housing and Development Authority (NAPHDA) has displayed an interest in developing a part of Blue Area on a public-public partnership model with the Capital Development Authority (CDA).
The CDA acquired area is the commercial hub of the capital and is a major source of revenue for the authority. The authority depends on the revenue from the area to fund its development and non-development expenses.
In a letter to the Cabinet Division, NAPHDA has requested the Cabinet Division to seek input from the Ministry of Law and Justice on its proposal to initiate a public-public partnership.
The letter further reads, “The Naya Pakistan Housing and Development Authority (NAPHDA) and Capital Development Authority (CDA) have planned a joint venture on the public-public partnership model. Wherein NAPHDA and CDA would jointly develop the subject area and float the same in the open market.”
CDA spokesperson Syed Safdar Ali said that the authority is yet to receive a formal request from NAPHDA to initiate a joint venture. He further added that any proposal received in this regard would be dealt with per the law.
For more news and blogs, visit graana.com
Amidst the fertile plains of Sindh province in Pakistan lies the captivating city of Sakrand.…
ISLAMABAD: In light of the special directives of the Prime Minister of Pakistan, the Capital…
The town of Hala, rich in history and craftsmanship and well-known for its exquisite, enamelled…
The farthest town in Sindh's southeast, Nagarparkar, is significant for a number of reasons, including…
The town of Jhawarian is located in Pakistan's Punjab region, surrounded by the agricultural lands…
Alipur Chattha town is a scenic place that lies in the Gujranwala District in the…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
