Saturday, April 20, 2024

CDA Ends Ban on Property Transfer in Islamabad

 

Following Islamabad High Court’s (IHC) directive, the Capital Development Authority has reversed the ban on property transfer. A letter from Additional Director Land Affectees, Riaz Khan, has confirmed the revocation of the ban initially imposed in January 2024 by the Deputy Director General Land.


Before the official ban on property transfers linked to land affectees was enforced in January 2024, an unofficial transfer restriction had already been in place for several months. Initially, the ban targeted the transfer of properties allocated to land affectees during the tenure of former Member Estate, Afnan Alam Khan.

However, it extended to numerous other cases, causing uncertainty for hundreds of buyers. The CDA distributed its plots through open auctions or allocated them to affected individuals, who later sold them on the open market.

These individuals were those whose land was acquired by the CDA, and they received plots as compensation. While the transfer of plot ownership through open auctions proceeded smoothly, the process was paused for plots allotted to land-affected persons.

This led to strong protests from the Real Estate Agents Association, who voiced their concerns at the civic authority’s premises regarding the ban on transferring titles in the land affectees’ sector.

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