Cabinet Proposes Land Auction – Al Sadat Marketing
Cabinet members in Islamabad have opposed the rescinding of a presidential order and urged that the prime land of the Carlton Hotel in Karachi be auctioned instead of being used to construct residences for federal employees.
The Housing and Works Division had sought cabinet approval to build residences for federal employees on land instead of auctioning it. They debated while the Federal Government Employees Housing Authority considered a change in the land use of the Carlton Hotel in Karachi (FGEHA).
The Housing and Works Division notified the cabinet that FGEHA was constituted by a parliamentary act and was operating under the Ministry of Housing & Works. FGEHA’s mission was to provide affordable housing to federal government employees and other defined populations on a not-for-profit, not-loss basis.
In 1979, the land parcel was passed to the Ministry of Religious Affairs and Minorities, then on June 2, 1982, it was transferred to the Ministry of Housing and Works with instructions to auction the land.
Read More: CDA to Launch Two New Interchange Projects
Members believed that it was necessary to investigate possibilities that would maximise the value of this prime land. It was suggested that a committee should deliberate and report to the cabinet at the next meeting the most legally viable solutions available.
For more information, please get in touch with Al Sadat Marketing.
You can also invest in other famous and most in demand housing societies, such as , Blue World City, Rudn Enclave, 7 Wonders City Peshawar, Taj Residencia, Kingdom Valley, New Metro City Gujar Khan, Forest Town Rawalpindi, University Town Rawalpindi, ICHS Town, Park View City Islamabad, Multi Gardens B17 Islamabad and Nova City Islamabad.
Few more real estate housing schemes which are trending now a days in Islamabad by including: Faisal Town Phase 2, Prism Town Gujar Khan, New City Paradise, Eighteen Islamabad, 7 Wonders City Islamabad, Capital Smart City, Silver City Islamabad, The Life Residencia, Faisal Town Islamabad, Islamabad Golf City, Islamabad Model Town and Marble Arch Enclave.
Al Sadat Marketing is an emerging Real Estate Agency headquartered in Islamabad, Pakistan. With over 10+ Years of experience, Al Sadat Marketing is providing its services and dealing all trending housing societies projects in different cities of Pakistan. Islamabad Projects, Rawalpindi Projects, Gujar Khan Projects, Burhan Projects, and Peshawar Projects etc.
Book Your Plot Now: +92 331 111 0005