Park Enclave is CDA acting as a private developer — and after fifteen years, the market has
made up its mind in the strangest possible way: it now charges full, finished-sector prices for a scheme its
own allottees describe as unbuildable. This is our home corridor — the same Park Road that
carries Bahria Enclave, Park View City and Margalla Orchard — and Park Enclave is its most instructive
case study: government paper, government delays, and asking prices that stopped discounting either.
What it is — three phases, fifteen years
- Phase I (2011): CDA’s first gated venture — 1,727.85 kanal, 1 and 2 Kanal plots.
- Phase II (2014): 658.8 kanal, same sizes — clearance and possession slower than planned.
- Phase III (2020): the affordability round — 5 Marla to 1 Kanal. Balloted
24 Sep 2020 at Jinnah Convention Centre: 1,047 plots balloted against 1,744 applications
(~1.7× oversubscribed).
Name trap: the “FIA Park Enclave Housing
Scheme” (CDA-approved 25 Nov 2016) is a separate FIA-employees cooperative scheme, not a phase of
this project. Same corridor, different paper — confirm which one a file actually belongs to.
The delivery record — dated, from the national press
- The Nation, 26 Feb 2026: allottees pressing CDA on delays across all three phases;
Phase I services still limited; CDA’s spokesperson gave no response before publication.
- Dawn, Aug 2026 (the fresher report most pages have not caught up to): Phase III
allottees — dues fully paid — describing “large mounds of mud”, no electricity or
water, and “only a few houses” built across Phases II and III. A CDA senior officer, on record:
“I have no idea of the application filed by allottees of Park Enclave III.”
- The corridor pattern: CDA’s next scheme on the same road, Chatta Bakhtawar, had its
PC-I approved in 2023 at Rs 2,120 million — and zero construction started as of the Aug-2026 report.
Prices — the correction we published on ourselves
Aggregated figures in circulation (including, until 27 Aug, on our own comparison page) understated this
market by 40–130% on every size. Reading the listings individually gives this:
Park Enclave live asking prices, read listing-by-listing, 27 August 2026| Size | Phase(s) | Live asking | Sample |
|---|
| 5 Marla (25×50) | Phase 3 | PKR 1.30–1.60 Cr, median ~1.35–1.40 Cr | 18 listings read individually |
| 6 Marla | Phase 3 | PKR 1.36–1.55 Cr | 2–3 listings (small) |
| 10 Marla (35×70) | Phase 3 | PKR 2.30–2.85 Cr | listing-page sample |
| 14 Marla (40×80) | Phase 3 | ≈PKR 3.65 Cr | 1 listing (low confidence) |
| 1 Kanal (50×90) | Phases 1–2 | PKR 3.85–7.25 Cr, median ~4.80 Cr | 20 listings read individually |
| 2 Kanal | Phases 1–2 | PKR 4.50–6.50 Cr — oddly below the 1-Kanal top | secondary-sourced, low confidence; likely older interior stock vs premium corner 1-Kanal — verify on the ground |
Roughly 300–320 active plot listings across the three phases (the two portals
carry the same syndicated pool with ~14% sync drift — never treat them as two samples). All asking, not
transacted. CDA has auctioned Park Enclave commercial plots only inside bundled multi-scheme events
(Oct-2019, Mar-2025) — no isolated Park Enclave figure exists.
What the FBR table probably calls it — stated at our confidence, not above it
FBR’s Islamabad valuation gazette has no line named “Park Enclave”. It does carry
“CDA Enclave-I / II / III” at Rs 31,500 / 28,000 / 30,800 per sq yd — three
numbered rows, sitting in the table’s Chak Shahzad/Park Road cluster, matching this scheme’s three
phases. That identification is probable, not confirmed — no document states the equivalence. If
correct, FBR values a Phase-I Kanal at ~1.58 Cr against a ~4.8 Cr asking median: the market asks roughly
3× the official value (full FBR table).
The honest verdict
The discount that once justified the delivery risk is gone. A Phase-III 5 Marla at
1.30–1.60 Cr and a Phase-1/2 Kanal at a 4.8 Cr median price this scheme at — or above —
Bahria Enclave’s finished tier, for streets the
newspaper says are mud. Government title is real and fraud risk genuinely lower; you are simply now paying
full price for it, plus CDA’s calendar for free. If you hold Park Enclave paper, that repricing is good
news worth verifying before you sell cheap. If you are buying, buy it as what it is: a bet that CDA finishes
— sized so another five-year slip does not hurt. We do not broker Park Enclave; we verify it —
send the file and the phase, and the read comes back in writing.