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FAISALABAD, Jan 13 (APP):The Faisalabad Development Authority (FDA) administration has considered a
proposal to auction 377 residential plots of various sizes in FDA City through
balloting.
In this regard, Director General (DG) FDA Muhammad Asif Chaudhary has ordered for
devising comprehensive and viable model for the sale of these plots via lucky draw on an installment basis.
He issued these instructions while presiding over a meeting held to review the details of available plots in FDA City. Additional Director General Qaiser Abbas Rind, Chief Engineer Meher Ayub, Director Town Planning Asma Mohsan, Director Estate Management Suhail Pannu, Director IT Yasir Ejaz Chatha, Deputy Director Estate Management Adnan Shahzad, Deputy Director Engineering Talah Tabassum and others were also present in the meeting.
During the session, FDA officials reviewed various terms and conditions, legal matters, procedural frameworks, plot pricing, and installment durations.
It was decided that a committee would be formed to develop a formal model for the balloting process based on specific Terms of Reference (TORs).
The committee will determine plot prices, down payment requirements, installment schedules, and incentives for applicants.
The DG said that the proposed model will be presented to the Board of Governors for final approval before implementation.
He noted that selling plots through balloting and installments rather than open auction would be more attractive to potential buyers and provide a fair opportunity to interested citizens.
He instructed officials to gather feedback and suggestions from various stakeholders to ensure the model is implemented under a solid and effective strategy.