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Zone 4 - HOTSPOT for Investment |
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Sunday, 07 September 2008 |
The Capital Development Authority (CDA) has launched a HUGE number of projects in Islamabad in recent times and is paying particular attention to Zone 4 which is where the Pristine Country Estates project is located on an area of 125 acres. The CDA has acquired a total of 12000 acres of land in Zone 4 according to CDA sources.
According to Senior CDA officials, no less than SIX mini cities are planned for Zone 4 including a Media City, Education City, Technology Park and an area for high-rise buildings.
Islamabad: Zone 4 Developments
ISLAMABAD: The CDA plans to develop six mini-cities in Zone 4, located in the eastern part of the city, said a senior CDA official Tuesday. He said it had become inevitable to develop such cities owing to increase in population of the federal capital where people belonging to a specified class could be accommodated.He said the CDA would set up six cities including a media city, an education city, an IT city, a business city and a medical city. "Different enclaves will be established for each class to provide enough space for offices, residential area and shopping malls and hotels," he added.
He said the execution of the plan would not only help in facilitating professionals but also help the CDA to streamline the population and reduce non-conforming use of residential property in different sectors.
He said the CDA would provide space for the offices of media organisations, production offices and studios for the media city. For sports city, the CDA will develop a state-of-the-art stadium and gymnasium besides a five star-hotel to accommodate visiting foreign teams. Likewise, the official said the establishment of education city would help in shifting educational institutions operating in residential areas creating a nuisance for the nearby residents as well as violating the CDA by-laws.The official said the CDA was planning to raise high-rise towers as joint a venture with the help of private sector in the first phase along with a portion for media tower. "All these projects are subject to the approval of the revised master plan of Islamabad by the cabinet that also includes regularisation of Zone-IV," said the official.
According to the revised master plan, a two-kilometre-long business corridor will be established called as the central business district (CBD). Besides this, it will also include a huge recreational area similar to that of a Disneyland, he added.The official said the CDA had awarded a contract to a London-based firm to prepare a new master plan for Islamabad with special focus on Zone 4.
The latter comprises Islamabad Park and a rural periphery wedged between Murree Road towards the north and Lehtrar Road towards the south, extending beyond Simly Road up to the ICT limits in the northeast (excluding Margalla Hills National Park and Rawal Lake). A revision of the Islamabad master plan was done in the 1980s but it did not lay out the design plans for the non-sectoral areas.
(source The Post 16th July 2008.)
In addition to the above, the CDA has embarked on a series of new developments. Some of the key ones include an Exclusive Golf and Country Club (see the advert), a large Cinema Complex plus family entertainment zone (see the link), major new road developments linking Zone 4 with high speed, dual carriageway from the main areas in Islamabad such as the Airport, Murree Expressway, Lehtrar Road, Kuri Road (bypass) and many others. The following news article indicates the scale of development work being undertaken for Zone 4 and the subsequent requirements for infrastructure development.
Rs 9b IT park in Islamabad Zone 4
ISLAMABAD: An IT Park development costing over 9 billion rupees, in Zone 4 of Islamabad, will provide 1.5 million sq ft of contemporary state-of-the-art office space to local and international IT companies
Pakistan Software Export Board (PSEB) has issued Letter of Intent (LoI) to International Consortium (TelcoNet, Axor Group Inc Canada and Technopolis Plc, Finland) for the establishment of first state-of-the-art National IT Park, at Chak Shahazad, Islamabad. The IT Park will be developed on Built Operate and Transfer (BOT) model on 14.90 acres of land. After the successful negotiations with the international consortium within next three months, the construction will commence in January 2009 and the project is expected to be completed by January 2011.
(source The Post 16th July 2008)
» 3 Comments
1Comment
at Friday, 12 December 2008 10:06
I hear that Zone 4 is where a lot of money is going from some of the big Dubai and Malaysia based developers as they are investing in these mini-cities and I think a Malaysian company is doing the IT Park on Kuri Road. Zone 4 is where I'm investing my money
2"ans of masud"
at Monday, 17 May 2010 18:45
i will help you during transparent investment.
This e-mail address is being protected from spam bots, you need JavaScript enabled to view it
3"Jawad"
at Monday, 28 June 2010 11:21
Sir I came to know about the Al Mukeet Society Near JAgiot village where New parliementarians enclaves are going to be built in future,
I want to know about the authenticity of this society.
Thanks
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Last Updated ( Monday, 24 November 2008 )
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