Post Reply  Post Thread 
Park Enclave development hits snags
Author Message
LRE - Salman
Super Moderator
******


Posts: 1,414
Group: Super Moderators
Joined: Oct 2011
Status: Online
Reputation: 0
Post: #1
Park Enclave development hits snags

Park Enclave development hits snags

ISLAMABAD – City managers are apparently shy to make headway in resolving longstanding issues pertaining to the development of Park Enclave, a housing society announced by the Capital Development Authority a year ago, furthering the reservations of investors, who are now refusing to pay instalments anymore until visible development on the site.

Though the Authority was already utilising the funds more than its specific limit from the accounts of Park Enclave, a recent decision of CDA Board that allowed the city managers to divert the funds submitted by the allottees to run Authority’s day-to-day affairs has put a question mark against CDA’s fast sinking credibility.

As the Cabinet Division has already turned down a request of CDA where the Authority has sought one time waiver in rules after hiring Nespak as consultant for this project on single tender basis, so still there is no apparent advancement over the issue.

In the absence of any formal agreement with Nespak, the body has already stopped providing any consultancy regarding to project to CDA.

A month ago when Nespak has announced that not even a single out of four pre-qualified firms for designing and building of the Park Enclave has technically qualified to carryout the project - the city managers have announced that CDA would execute the project itself.

Structure Wing of the Authority - whose operations are overseen by the Planning Wing of the Authority - were asked by the city managers to initiate work on the Package-I - construction of boundary wall and access road to Park Enclave - and estimations a few days ago.

Ill-prepared staffers of the structure wing, however, come up with an idea to construct 4.5-inch thick and five feet high boundary wall, while the cost they estimated for this work was Rs 20 million. All the work done by the structure wing officials was based on routine practices and without visiting the site of the project, an official said.

Resultantly, the Chairman CDA rejected the paper work and estimations done by the CDA officials using their “expertise” and now directed the concerned quarters to do the Package-I inline with the pre-cost construction of boundary wall.

Upon failure the city managers excluded the work of access road from Package-I and kept it to construction of boundary wall only. Tenders submitted by firms to execute the package-I would be opened on May 21 after that the work of boundary wall to be awarded to lowest bidder.

While on the other hand the investors are demanding reimbursement of their money that they have paid so far to the CDA in this regard. But the city managers have nothing to say to them instead CDA accounts are empty and that there is no money to pay them back.

By the end of January 2012, CDA had received Rs 1734.38 million from applicants on account of price of plots in Park Enclave Scheme. But now the situation is otherwise as Finance Wing of the Authority in the absence of any comprehensive income generation strategy has continuously been drawing money from Park Enclave accounts

05-17-2012 01:30 PM
Find all posts by this user Quote this message in a reply
Post Reply  Post Thread 

Possibly Related Threads...
Thread: Author Replies: Views: Last Post
  Islamabad Property News : CDA alters Park Enclave Housing Scheme Layout Plan LRE - Salman 0 2,077 09-12-2012 12:57 PM
Last Post: LRE - Salman
  CDA fails to develop Park Enclave LRE - Salman 0 1,388 09-06-2012 03:22 PM
Last Post: LRE - Salman
  Balloting of Park Enclave housing project LRE - Salman 0 1,180 07-25-2012 01:47 PM
Last Post: LRE - Salman
  613 given plots in first Park Enclave balloting by CDA LRE - Salman 0 1,119 07-19-2012 12:30 PM
Last Post: LRE - Salman
  Park Enclave Islamabad No Development LRE - Salman 0 1,148 07-12-2012 12:20 PM
Last Post: LRE - Salman
  Park Enclave uplift suffers setback LRE - Salman 0 693 06-16-2012 01:06 PM
Last Post: LRE - Salman
  Park Enclave: First progress made after 10 months LRE - Salman 0 1,047 05-22-2012 11:38 AM
Last Post: LRE - Salman
  CDA to use Park Enclave’s money on other projects LRE - Salman 0 653 05-05-2012 12:20 PM
Last Post: LRE - Salman
  Park Enclave comes to a standstill LRE - Salman 0 739 04-25-2012 12:42 PM
Last Post: LRE - Salman
  Underpass project hits snag LRE - Salman 0 384 04-02-2012 12:30 PM
Last Post: LRE - Salman
  Islamabad Property news :Firms fail to design Park Enclave LRE - Salman 0 1,067 03-29-2012 12:31 PM
Last Post: LRE - Salman
  Park Enclave dev work to be completed within 18 months Lahore_Real_Estate 0 840 02-21-2012 11:59 AM
Last Post: Lahore_Real_Estate
  CDA to probe Park Enclave tendering process anomalies Lahore_Real_Estate 0 707 02-07-2012 12:41 PM
Last Post: Lahore_Real_Estate
  CDA to spend Rs 257 million on development of Ankara Park LRE - Salman 0 496 02-06-2012 12:43 PM
Last Post: LRE - Salman
  CDA eyes Park Enclave development as alternative LRE - Salman 0 837 02-02-2012 01:30 PM
Last Post: LRE - Salman
  1000MW Iran electricity to Pak plan hits price snag LRE - Salman 0 489 02-01-2012 01:25 PM
Last Post: LRE - Salman
  CDA finally decides to start work on Park Enclave from 16th Lahore_Real_Estate 0 764 02-01-2012 01:24 PM
Last Post: Lahore_Real_Estate
  ISLAMABAD: NAB board discusses Parliamentarian Enclave scandal Lahore_Real_Estate 0 1,036 01-27-2012 12:24 PM
Last Post: Lahore_Real_Estate
  Park Enclave Housing Scheme: Senate body for timely completion of development work LRE - Salman 0 1,131 01-20-2012 12:12 PM
Last Post: LRE - Salman
  Karachi Development News : New park at Clifton beach to open on 26th LRE - Salman 0 924 12-24-2011 11:39 AM
Last Post: LRE - Salman

View a Printable Version
Send this Thread to a Friend
Subscribe to this Thread | Add Thread to Favorites
Rate This Thread:

Forum Jump:

 

 Plots For Sale By Lahore Real Estate

 

Lahore Master Plan HTML

Lahore Master Plan Interactive Map