Despite a substantial rise in construction costs, the development of high-rise commercial buildings in the federal capital continues unabated. The Capital Development Authority’s (CDA) design-vetting committee has recently granted approval to building plans for nine more towering structures strategically positioned in lucrative areas.
One of the standout projects among the approvals is a striking 26-storey hotel planned for Club Road. This development is anticipated to attract investments amounting to billions of rupees, drawing in various industries associated with the construction sector. The committee convened at the CDA headquarters, with key officials from the civic body’s planning wing in attendance.
One of the notable approvals pertains to a 26-storey building slated to rise on plot number 13 on Club Road, covering an impressive area of 27,394.40 square yards. Additionally, the green light was given for a 15-storey building on plot number B-2, spanning an area of 1,333.33 square yards in the New Blue Area.
The list of approvals extends further, encompassing a nine-storey building designated for the Asian Development Bank, located on a plot spanning 4,840.40 square yards in sector G-5. Another nine-storey structure was approved for the Institute of Cost Management Accounts of Pakistan.
The committee also sanctioned building plans for six-storey and seven-storey buildings in sectors I-8 and F-8 after thorough document reviews. Furthermore, the committee granted its approval for the construction of three commercial buildings in two private housing societies.