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Land in G-13 Auction Conducted in Five-Star Hotel by FGEHA

Land in G-13 Auction Conducted in Five-Star Hotel by FGEHA

Islamabad: The Federal Government Employees Housing Authority (FGEHA) has decided to construct a top-class hotel on its land in the G-13 area of the federal capital. In this regard, a portion of the government land in the G-13 sector would be auctioned. It has been reported that over 21 Kanal of land is owned by the FGEHA in Mawaria, G-13. The authority which is a division of the ministry of housing and works intends to construct a five-star hotel on the available land.

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 The FGEHA has made this decision in line with the vision of the federal government to utilize the state land for the generation of revenue. The authority will not only construct the five-star hotel but also intends a second 40-feet-wide loop to improve traffic flow, making the location much easier to access. The plot of the authority would be auctioned through an international auction which would ensure the highest possible price for the plot. The hotel is planned to be built in the developed area of the housing authority.

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 It is relevant to mention here that the FGEHA is currently undertaking four housing projects in the twin cities and all four projects are facing delays in execution. These projects include Kashmir Avenue Apartments, Lifestyle Residency, Chaklala Heights, and skyline projects. The sources of the FGEHA, however, said that the main reason behind the delay is cost escalation for which the contractors are demanding extra charges due to a significant increase in the prices of material.

 

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