Is the New Islamabad Airport Shutting Down Housing Societies?
The
New Islamabad International Airport has been in the news quite a bit. People
investing in housing societies near the airport have been in a flux because of
rumours that the Capital Development Authority (CDA) is shutting down housing
societies close to the airport.
I am
here to clear out the rumours for you. The Civil Aviation Authority (CAA) has
been working on ensuring that safety operations are not compromised. As the
inauguration draws closer, these developments have picked up speed.
According
to a news report shared by local dailies, the CAA has announced that 200 square
yards of land around the new airport will be turned into a structure-free zone.
Should this ring a bell for investors that have stakes in housing societies
located very close to the airport? Not really.
As
per the details shared in the news report, no housing society lies within this
range. CAA officials have told new sources that all housing societies located
around the airport will continue with their activities, within the limits
notified by the authority.
In
addition, the news report also said that seven kilometres of the area along the
runway has also been declared part of the structure-free zone. Speaking about
the planned third runway for the airport, the CAA said that is considering the
western part of the facility as the estimated construction cost there is
relatively low. Moreover, there is no housing society located on this side.
To
ensure that flight operations from the New Islamabad International Airport take
place smoothly and future expansions are not a problem, the CAA has begun
conducting a survey. A detailed report of the survey analysis will be presented
to the Prime Minister Secretariat in a couple of days
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