L N MALLICK
DOHA PAKISTAN'S Capital Development Authority (CDA) is offering a unique opportunity to Non-Resident Pakistanis (NRPs) to own land in Islamabad's exquisitely located residential areas.
The residential plots, available in three sizes, are located in Islamabad's scenic D-12 and E- 12 Sectors and will be offered to the public through lucky draw. The offer is open to all Pakistani nationals whether residing in Pakistan or abroad.
œPakistani community members who are desirous of investing in real estate in Pakistan are informed to avail of the opportunity. All relevant information is available on the CDA's website, Rashid Nizam, Community Welfare AttachÃ© at the Pakistani mission in Doha, said.
Sectors D-12 and E-12 are located at a distance of 5km from the New Islamabad Airport and will be linked with Motorway and GT Road. The residential plots are located at the foothills of green and serene Margalla.
Overseas Pakistanis can apply through online application form available on the CDA's website www.cda.gov.pk.
Applications should reach the CDA office before October 1. Draw for the allotment of plots will be held on October 7.
At D-12 sector, the plots are available in 500-square yards and 356-square yards, while they are available in 600-square yards, 500-square yards and 356-square yards in Sector E-12. The price per square yard is Rs62,700 in Sector D-12 and Rs47,025 in Sector E-12.
Applicants would have to submit their applications dully filled in along with processing fee of Rs 5,000 for each plot and 50 percent down payment in the form of pay order/demand draft in favour of CDA.
The applicants can make payment in either Pakistani currency or US dollars. However, the refund will only be made in Pakistani Rupees. All unsuccessful applications will be refunded the remitted amount after the completion of draw process.
Islamabad is located in the northwest of the country on Potohar Plateau. This area has been significant in history for being a part of the crossroads of the Rawalpindi and the Khyber Pakhtoonkhawa Province. The city was built in 1960 to replace Karachi as the Pakistani capital. Due to their proximity, both Islamabad and Rawalpindi are considered sister cities.