The Capital Development Authority (CDA) has unveiled ambitious plans to introduce an innovative residential scheme exclusively catering to overseas Pakistanis in Mauza Kuri. Spanning an extensive 14,000 kanals of land along Kuri Road, adjacent to Park Road, this residential scheme is specifically earmarked for the overseas Pakistani community.
In a strategic move, the plots within this scheme will be marketed and sold in US dollars, a move aimed at bolstering the country’s foreign exchange reserves while providing an attractive investment opportunity for overseas Pakistanis.
To kickstart this exciting venture, the CDA has given its approval for the appointment of a proficient design consultant. This decision was reached during a meeting chaired by CDA Chairman, Captain (Retd) Anwarul Haque, held on a recent Thursday.
The appointed consultant will play a pivotal role in overseeing the scheme’s meticulous execution. This will encompass a range of vital tasks, including conducting comprehensive studies pertaining to environmental impact, traffic management, and hydrology. These studies are integral to ensuring the sustainable development of the area.
Moreover, the consultant will be entrusted with the responsibility of formulating a state-of-the-art design for infrastructure and road development within the scheme. This design will prioritize the seamless integration of modern amenities, elevating the quality of life for future residents.
In addition to the residential scheme, the meeting also saw the approval of a plan to conduct an auction for residential and commercial plots. This initiative aims to address the financial challenges faced by the capital.
The auction is scheduled to take place from October 17 to 20 at the prestigious Jinnah Convention Centre in Islamabad. By catering to the specific needs and preferences of overseas Pakistanis, it not only provides them with a secure and convenient investment opportunity but also contributes significantly to the nation’s foreign exchange reserves.