New FOR INFORMATION ONLYcda.gov.pk/documents/brochurePE3.pdf · 2020. 8. 26. · from the Authority...

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Transcript of New FOR INFORMATION ONLYcda.gov.pk/documents/brochurePE3.pdf · 2020. 8. 26. · from the Authority...

Page 1: New FOR INFORMATION ONLYcda.gov.pk/documents/brochurePE3.pdf · 2020. 8. 26. · from the Authority within 10 days, applicant shall contact the Authority to inquire about the status

FOR INFORMATION ONLY

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Islamabad, one of the most beautiful capitals in the world, is

known for its natural and architectural beauty. Park Enclave-III,

Islamabad is ideally located in the serene vicinity of Rawal Lake

and is conveniently accessible from Club Road, Kashmir

Highway and Islamabad Expressway. CDA Park Enclave

provides you dream living within your means.

CDA adds to the beauty of the city by providing quality infrastructure through its state-of-the-art Planning and in-house Engineering facilities. CDA is offering residential plots of different sizes in Park Enclave Phase-III on ownership basis through a transparent computerized balloting, scheduled on 24th September 2020 at Jinnah Convention Centre, Islamabad.

INTRODUCTION

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All Pakistani nationals, whether residing in Pakistan or abroad can

participate in the Balloting. Companies/Firms and societies registered in

Pakistan under the relevant laws are eligible to apply. Foreign nationals

and companies can also participate in the Balloting after seeking

permission from Ministry of Interior, Government of Pakistan.

If you intend to participate in the Balloting on behalf of another person, company, firm or society, you are required to submit a Special Power of Attorney or a sealed (embossed) resolution or authorization from the company, firm or society authorizing you in this behalf along with a copy of Certificate of Incorporation or Registration.

ELIGIBILITY

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1. The brochures are available at the designated branches of MCB, HBL, UBL , Askari Bank & One Window Operations

Directorate of CDA on payment of processing fee of Rs. 10,000/- (non-refundable).

2. The Application may be submitted at designated branches of MCB, HBL, UBL , Askari Bank and One Window

Operations latest by 17th September 2020 alongwith following documents:-

(i) Original application form (ii) Attested copy of CNIC (iii) 02 Photographs (3.5x3.5 cm)

(iv) Affidavit/Special power of Attorney (if applicable)

(v) Pay Order/Bank Draft of 10% as down payment of the cost of the plot (refundable to un-suceessful applicants)

in favour of "Capital Development Authority, Islamabad". The name of the applicant and application number must

be written on the backside of the pay order/bank draft.

3. The receipt at bottom of the Application Form, duly filled in by the applicant, will be stamped and signed by the

authorized officer of the designated bank and will be handed over to the applicant as a token of receipt of the

application. This receipt should be kept in safe custody till the finalization of balloting.

4. All payments shall be made through Bank Drafts / Pay Orders / Deposits-at-Call in favour of “Capital Development

Authority, Islamabad”. Bank charges on transactions of out-station bank drafts will be borne by the successful

applicant.

5. The applicant must indicate the name of nominee/next of kin (not a minor) along with his/her relationship with the

applicant mentioning CNIC number to whom the refund is to be made in case of death of an unsuccessful applicant.

6. The balloting results shall be announced at the Jinnah Convention Center on 24th September 2020 and shall also be

uploaded on the official website of CDA (www.cda.gov.pk). The successful applicants will be issued an Intimation

Letter along with payment schedule after seeking formal approval of balloting results from the CDA Board.

7. The formal allotment letter containing detailed terms & conditions of the allotment shall be issued on receipt of full

Price of the plot.

PROCEDURE

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The Balloting shall be carried out on

latest Computerized software. In

order to ensure transparency, the

presence of highly professional IT

experts, officials of government

agencies and media will be

ensured.

MODE OFBALLOTING

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Park Enclave IPark Enclave IPark Enclave I

ParkParkEnclaveEnclave

IIIIII

ParkEnclave

III

ParkParkEnclaveEnclave

IIII

ParkEnclave

II

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CDA has possession of land earmarked for Park

Enclave Phase-III, with no litigation issue. The

Scheme is located in an environment friendly area

adjacent to Park road, with more green spaces. The

scheme will be developed with state of the art design

and infrastructures, with allied facilities like Schools,

Parks, Masjid, Market, Community Centers, Security

and Fire offices etc.

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1. Incomplete application forms;2. Unsigned applications.3. Application is on the Photostate of original

Form.4. Application without required documents. 5. Without Pay order of 10% of total cost.6. Provision of incorrect information or

concealment of facts.7. There is any over writing.

THE APPLICATIONSHALL BE REJECTED

IN CASE:

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1. The Balloting shall be carried out on “As is, Where is” basis and location of the plot shall not be changed on any ground

whatsoever at any stage. The premium will be charged according to actual size of the plot.

2. The Balloting Committee reserves the right to withdraw any plot from the Balloting without assigning any reason.

3. The Balloting Committee also reserves the right to reject any application without assigning any reason.

4. The Balloting Committee/CDA management reserves the right to disqualify any applicant and to amend / delete any of the

provisions contained herein to any extent without assigning any reason.

5. The Balloting results shall not be final unless approved by the CDA Board and successful applicants shall not accrue any

right on the basis of balloting results. The allotment would be subject to payment of applicable taxes as determined by

Government /FBR. In case of non-payment of taxes within the stipulated time, the Intimation Letter of allotment will be

withdrawn automatically.

6. If 20% of the payment is not deposited with in 3 months after issuance of the Intimation Letter by the successful applicants,

the Intimation Letter will be cancelled/withdrawn automatically without any notice/intimation and 10% deposited

amount will be forfeited.

7. The plot will not be restored, in any case, if the allottee takes refund by his/her own willingness.

8. In the event of cancellation or surrender of plot for whatever reason(s), the deposited amount of premium shall be

refunded after forfeiture of 10% of the total price of the plot.

9. Any decision of Authority regarding Balloting, acceptance or rejection of application, forfeiture of 10% of total premium, or

any other matter in relation to Balloting/ allotment of plots shall not be challengeable in any court of law.

10. The correspondence shall be made at the address indicated by the Applicant/Attorney and the applicant shall be liable to

communicate any change in the address to the Authority. In case, the successful applicant does not receive any intimation

from the Authority within 10 days, applicant shall contact the Authority to inquire about the status of his/her application.

11. Applications once submitted shall not be liable to change/withdraw. The applicant will be deemed to have read and

accepted the terms and conditions enumerated in this Brochure and would be bound by these. The detailed terms and

conditions shall be mentioned in the allotment letter, to be issued after full payment.

12. In case of non-payment as per payment schedule, the plot shall be cancelled in accordance with CDA rules.

13. On delayed payment, delay payment charges will be levied as determined by the Finance Wing, CDA.

TERMS OF BALLOTING

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details of plot

25x50

264 plots

35x70

597 plots

40x80

124 plots

50x90

76 plots

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10% down payment at the time of submission of application form.

20% within 3 months from the date of issuance of intimation letter.

25% within 6 months of the date of issuance of intimation letter.

25% within 12 months of the date of issuance of intimation letter.

20% at the time of possession.

REBATE 5% rebate will be allowed in case the successful applicant pays the remaining

total price of the plot within one month of issuance of Intimation Letter.

REFUND TO UNSUCCESSFUL APPLICANTS

The refund to the unsuccessful applicants will be paid in Pakistani currency within 45 days of completion of balloting process.

The refund shall be made through the designated branches of the banks where the applications were submitted in the form of pay

order/bank draft on surrender of original receipt.

The refund pay order/bank draft shall be crossed as “Payee Account Only” and marked as “Non Transferable”.

PAYMENT SCHEDULE

TOTAL COST OF PLOTS. No. Size of Plot Price (Excluding Taxes)

1 25X50 Rs.

2 35X70 Rs.

3 40X80 Rs.

4 50X90 Rs.

7,700,000/-

15,100,000/-

19,800,000/-

27,800,000/-

Extra charges will be leviedto the above cost in

following cases;

10% Main Boulevard

1

2

20% Main Boulevard Corner3

10% Corner Plot Charges

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dream homeBuild Your

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www.cda.gov.pk

FOCAL PERSONS FORASSISTANCE

Director Estate Management-I

Deputy Director (Park Enclave)

Tel: 92-51-9252428

Tel: 92-51-9252610

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CDA Headquarters, Sector G-7/4Islamabad - Pakistan

Phone: (+92 51) 925 2428Phone: (+92 51) 925 2610

E-mail: [email protected]: www.cda.gov.pk

FOR INFORMATION ONLY