ISLAMABAD: The executive board of the Federal Government Employees Housing Authority (FGEHA) on Friday approved the formation of a committee to resolve issues between the FGEHA and the Capital Development Authority (CDA).

The executive board held a meeting with Housing Minister Mian Riaz Hussain Pirzada in the chair. The FGEHA is a subsidiary of the housing ministry.

During the meeting, FGEHA officials claimed that the CDA, under the 10pc formula, owed a number of plots to the housing authority in I-8 and some other sectors. The meeting was also told that the civic agency was yet to transfer land of F-12 and G-12 allotted to the FGEHA by the federal cabinet in 2020.

Earlier, these two undeveloped sectors belonged to the CDA, but in 2020, on the direction of cabinet, these were handed to FGEHA.

The CDA has handed over the record of these sectors while the mutation (transfer of land) is still pending.

“To settle the claim of FGEHA plots with CDA, the chair advised to constitute a committee having members from major stakeholders i.e. FGEHA, CDA, finance and law division. The step has been taken in line with the prime minister’s directions to settle longstanding disputes among federal government institutions/departments amicably by sitting together instead of wasting resources in unnecessary litigation,” said a press release issued by FGEHA.

Meanwhile, the meeting also revised terms and conditions for the upcoming open auction of 24 commercial plots of FGEHA located in G-13 and G-14 on November 13 and 14.

The minister emphasised the need to formulate terms and conditions in a way that would be more attractive for overseas Pakistanis and foreign investors.

The meeting also discussed auction of commercial plots and properties of various categories and sizes located in 24-B, 25-B, 19-C and Scheme 33 at Gulzar-i-Hijri Karachi.

It is relevant to note here that FGEHA had previously planned an auction of commercial plots of various sizes and categories in G-13 and G-14 on December 27 and 28, 2023. However, the auction was cancelled upon a writ petition filed by Quaid-i-Azam University, which claimed that land in G-14/4 belonged to it.

Subsequently, for the upcoming auction, the FGEHA decided to exclude the commercial plots of sub sector G-14/4 as the matter is still in court between QAU and FGEHA. In August this year, the authority also conducted an auction of three plots, but none of them was sold out.

A 13-kanal plot in FGEHA’s Lifestyle Residency Apartments project was divided into three plots to maximise the revenue potential.

However, the auction for these three plots held in August remained a flop show.

For this month’s auction, the FGEHA will put 24 commercial plots on sale with flexible and investor-friendly terms and conditions like the CDA which recently took some steps to provide relief to investors, increasing the installment period from one year to two. The FGEHA has adopted almost similar terms and conditions for its upcoming auction.

Published in Dawn, November 9th, 2024