Written by 10:33 am Construction, News, Property Laws, Real Estate

CDA to lease petrol stations

ISLAMABAD: The Capital Development Authority (CDA) has decided to lease the petrol station sites along the Kashmir Highway and the Islamabad Expressway for generating a stable monthly income.

According to the sources, the CDA has been selling land to pay for its expenditure. Although the authority does collect property taxes and conservancy charges, the money generated is insufficient. With more than 16,000 employees, that are likely to get reduced to 4000 after the issue between the CDA and MCI is resolved, paying salaries is hard.

The planning wing has further identified 10 sites along the roads that have the potential to attract business people and which will be shortlisted by the upper management. Five of them are likely to be selected and placed before the CDA to make a final decision.

A CDA officer said that the authority should also take over illegal commercial buildings and rent them to generate revenue. Furthermore, the CDA properties that are stuck in litigation, should be cleared steps so they can increase the revenue as well.

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