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HomeLatest NewsExamining the impact of Margalla Road construction on B-17

Examining the impact of Margalla Road construction on B-17

Islamabad: In recent news, the Capital Development Authority (CDA) has revealed that it had finally settled the long-standing disagreement with the contractor for the Margalla Road construction project. The contract dates back to 2012. It further announced its decision to invite expressions of interest from competitive firms in an attempt to restart the development work on the 8.5 kilometre-long patch of the road in February.

Read More: CDA to resume construction of Margalla Road, link b/w GT Road & Sector D

According to experts operating in the society, demand for plots in B-17 underwent a flow after the government lifted the lockdown in July last year. During the said time, prices of property increased by 25%. Sources also claimed that demand is currently high for plot files in Block G. These files were issued on a flexible payment plan some months ago.

Read More: Construction of motorways, roads to start soon all over the country: Murad

With the CDA announcing to re-award, the contract for construction of almost 8.5kilometre-long road patch of the Margalla Avenue, B-17’s distance from central parts of Islamabad will be reduced by half. At the current moment, the society is mainly accessed from the GT Road (N-5).

For more updates and information, visit our website Property News.

 

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