DEVELOPMENT ACTIVITIES IN SECTOR I-12:
Islamabad: October 11, 2020: Development activities in sector I-12 will commence shortly as Capital Development Authority (CDA) has opened technical bids for the project. The technical bids will be evaluated by a committee and after this process the financial bids of only technically qualified firms will be opened.
In order to start development activities in sector I-12, Authority invited bids from companies registered in Pakistan Engineering Council in category C-3 or above through advertisement published in national dailies. In response to the advertisement, renowned firms submitted their technical and financial bids and Technical bids have been now been opened which will be followed by opening of Financial bids.NIT amounting Rs.284,742,287/- has also been issued for first phase of development of Sector I-12.
In the first phase, construction of Service Roads North, East and West will be carried out in addition to construction of Box Culverts while Drainage system will also be established in the first phase.
Sector I-12 was another stalled project of CDA which remain ignored in the past. However, the incumbent management in line with its comprehensive strategy focused on development of neglected residential sectors and uplift infrastructure in Islamabad had started the working for initiating development works in the Sector I-12. All administrative and technical issues in this regard have been resolved in addition to resolving issues being faced to allottees of this sector. Recently, CDA through two transparent ballotings has allotted alternative plots in lieu of plots which were deleted due to revision of layout plan or were double allotted.
The location of E-12 is considered to be one of the best in Islamabad. Located right next to sector E-11 and adjacent to the shrine of Golra Sharif, the location of E-12 has the potential to provide premium investment opportunities for investors and builders alike. Another great aspect of the sector is its close proximity of the New Islamabad International Motorway and GT road. The easy accessibility, centralized location and a breath taking serene landscape of Margalla Hills make E-12 an easy choice for investors and aspiring home owners.
here is finally some relief for initial allottees of Islamabad’s E-12. The sector was launched in 1989 and CDA, at that time, auctioned more than 4000 plots to general public and federal government officials. However, the organization was not able to carry out any development work due to already existing villages and squatter settlements in the area. Since the beginning of 2019, CDA finally took stern action and, aided by the law enforcing agencies, started the ground work of E-12. As per the latest updates, Capital Development Authority has managed to take control of nearly all the land in E-12 and the works division has already approve complete development plan for the sector. As per CDA sources, the land for E-12/2 and E-12/3 is completely under control of CDA. Therefore, the development work is to be started from these two sectors.
Mariner Property recommends to invest in I-12 . There 2 sizes available 25×50 (5 marla) and 30x 60 (8 marla)
5 marla price range 55 lac to 80 lac
8 marla range 75 lac to 1 crore
In last few days 10-20 lac price appreciation is noticed (as on 12-10-2020)