CDA Getting Richer and Richer and …..

The Capital Development Authority received Rs. 280 Million from Pak Gulf Construction Limited (PGCL) as an installment of cost of land allotted for mega project “The Centaurus”.
The CDA auctioned over 6 acres of land to PGCL for Rs. 6.6 Billion to execute the project.
The project was inaugurated by President General Parvez Musharraf on August 31, 2006 and it is Pakistan’s first and Asia’s second seven star hotel, along with most modern shopping mall and state of the art business and residential towers. The Centaurus would have its own parking of more than 2000 vehicles and land was dug uptp 50 feet to construct the four parking in the basement.

3 Comments so far

  1. Purple_Haze (unregistered) on March 8th, 2007 @ 10:28 am

    Has the construction started yet? any new pics of the site?


  2. FaKeeRa (unregistered) on March 8th, 2007 @ 12:19 pm

    only the digging .. no construction …….


  3. Abid Siddiqui (unregistered) on March 15th, 2007 @ 9:56 am

    But they are also getting poor by selling cheap land to Mcdonalds



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