FGEHA hands over Rs1b to CDA

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Staff Reporter

Capital Development Authority (CDA) is gradually attaining financial sustainability. In addition to exploring new avenues of revenue generation amalgamated with state of the art development in capital city, steps are taken to resolve longstanding issues pertaining to projects which were initiated in the past for revenue generation. In this connection, as result of consistent efforts of the CDA management, possession of 59 flats, constructed by FGEHA in sector G-11/3 worth around Rs. 1 billion has been handed over to the CDA.
Total 96 flats were constructed in sector G-11/3 by the FGEHA, out of these 36 flats were sold by the FGEHA while 60 flats were to be handed over to CDA. In the past, due to non-consensus on different issues between CDA and FGEHA, the matter remained pended and no decision in this regard could be taken. However, the incumbent management in line with its efforts to make the authority financially sustainable took up the mater. In this connection meeting was also held between Chairman CDA and DG FGEHA. As result of the efforts, consensus was made that 60 flats would be handed over to CDA in line with the actual spirit of the project.

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