Karachi: A great breakthrough was made with revival of Creek View and Terraces residential project, part of DHA Creek City, after formalization of arrangements reached between DHA and AKD (Messrs Aqeel Karim Dhedhi) in the wake of the ongoing economic recession and market slum conditions in the country.
A Document of Understanding was signed between DHA and AKD in a simple and impressive ceremony held at DHA Main Office to formalize the master plan and related arrangements of the project. The prestigious project is a milestone achievement which will give a boost and resurge to the unfolding economic regression and the market downslide in the country.
The document was signed in the presence of Administrator DHA, Brig Khalid Tirmizi and Mr Adil Jilani, Chairman Transparency International. The new found initiative is in accordance with the vision of Corps Commander and President Executive Board DHA, Lt. Gen Shahid Iqbal envisaging revival of the stalled DHA waterfront development projects through a realistic, pragmatic and forward looking approach. The prestigious Creek View and Terraces is an upper end condominium projects located contagious to Creek Vistas project in DHA Phase-VIII which has recently been completed. The project had become almost a dead venture in the backdrop of ongoing economic scenario in the country. The residential project however got a boost and a new lease of life with the inking of the document of understanding.
Mr AKD speaking on the occasion said that the formal launching of the project for public will be held soon which would provide renewed opportunities for market to flourish, give boost to the construction industry and open floodgates of employment in the country
Mr. AKD described the formalization of project arrangements as a positive development towards accelerating the economic development in the country. He said that the prestigious project would be completed in five years time in a professional manner. Administrator DHA Brig Khalid Tirmizi termed the new DHA-AKD initiative as a bold step forward which will ensue concerted development activity in the city and help in transforming the vision of providing qualitative living environments to the residents of Karachi into a reality. He said that the formalization of the arrangement for the project reached signify the credibility, efficacy and reliability of DHA as an organization which is trusted by investors, entrepreneurs and residents alike.
He concluded that the initiation of the new residential project will give a new resurge and accelerate such like high rise construction activities in the country and herald a new future for DHA – “Karachi’s engine of growth”.
Source: DHA Karachi
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