MULTIWORKS – ISLAMABAD: The Capital Development Authority (CDA) is actively seeking a joint venture with a developer or institution to launch Kuri Enclave, set to become the largest housing scheme in the region. Among the interested applicants is the Defence Housing Authority (DHA).
A typical CDA sector spans 8,000 kanals, but Kuri Enclave is envisioned to cover 10,000 kanals. The CDA aims to collaborate with a private or government-owned developer under a plot-sharing formula to bring this ambitious project to life.
In January, the CDA invited expressions of interest (EOI) from reputable real estate developers, entities, and institutions for Kuri Enclave. This led to numerous applications from developers such as DHA, Bahria Town, Park View, Faisal Hills, New City Paradise, and AKD Group.
Despite a slowdown in progress after the initial application period in February, the CDA is now actively working to expedite the Kuri Enclave project. Recently, several meetings were held at the CDA headquarters, including two visits from a DHA delegation to discuss their application.
There have been media reports suggesting that the CDA might bypass the competitive process and directly contract with DHA for the Kuri Enclave project. However, a senior CDA officer has denied these claims, asserting that the project will follow a competitive process in line with established rules and regulations. “Open bidding will be done. Any applicant, including DHA, could win this project,” he stated, ensuring that the process will be fair and transparent.
When questioned about the potential involvement of DHA, given their pending obligation to hand over 729 plots from a previous agreement in 2007-8, the officer emphasized that the CDA will prioritize its rights and ensure the fulfillment of past agreements. “If the DHA wins in open competition, we will ensure that we get our previously agreed plots first,” he said.
The joint venture model is attractive to the CDA because it allows the developer to make the investment while the CDA receives ready plots. In 2007-8, the CDA had transferred 2,412 kanals and five marlas to DHA under an agreement, but has yet to receive the agreed 729 plots.
In February, a CDA board member assured that all actions were in compliance with rules and regulations, and that the Kuri Enclave scheme would only be launched after approval from the CDA board and the federal government.
According to the CDA’s tender, the successful bidder will be responsible for the timely execution of the Kuri Enclave project, adhering to the approved schedule and plan. The developer will bear all initial expenditures and investments, while the rights and ownership of the land will remain with the CDA.
In conclusion, the CDA is committed to a transparent and competitive process for the Kuri Enclave project, ensuring compliance with all rules and regulations while seeking the best possible partnership to develop the largest housing scheme in the region.
