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CDA Decides to Pay Cash for Acquired Land Instead of BuP

CDA Decides to Pay Cash for Acquired Land Instead of BuP

Islamabad: According to news reported in the top newspaper on October 14, the Capital Development Authority (CDA) is altering its compensation strategy by paying cash for acquired land rather than built-up property (BuP).

Also Read: CDA to Speed up Development Work in Four Sectors

According to the information, historical disputes and delays in land acquisitions led to the decision to abandon the distribution of plots instead of monetary compensation. CDA Chairman Anwarul Haq confirmed this change in policy in an interview. He emphasized that the new strategy would only be used for future acquisitions and that it would be presented to the board for final approval.

The development further specifies that the civic organization would make sure that, for the sake of efficiency and openness, both land and BuP awards are announced simultaneously. This will also avert the usual delay in the acquisition of land.

 

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