Capital Development Authority (CDA) has issued provisional approval of Layout Plan of Supreme Court Employees Cooperative Housing Society on 1654.66 kanals of land in Sector G-17 Islamabad. This is a big news in the real estate market of Islamabad, as this sector had been stalled since 2005 and transfers were banned. G-17 files had been selling in the market at very low rates, and people avoided investment due to this very issue of transfers.
CDA has published the khasra numbers of land owned by Supreme Court Employees Cooperative Housing Scheme located in Sector G-17/1 & 2 , Zone 2, Islamabad. Furthermore, the society is directed to take further steps to get approval of NOC from CDA. Marketing and sale of plots will be prohibited under CDA rules before the final NOC is issued to the society.
This development is a watershed for the members of G-17 Housing Scheme who have waited for about 2 decades to see physical progress on development of this sector. Plot prices of G-17 had already started rising since the first quarter of 2020 due to ongoing developments in CDA, and now is the time to get handsome returns for those who invested despite the risk.
Following is a copy of the approval letter issued by CDA:
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