Capital Development Authority

Court rules buyers of Islamabad luxury flats have no ownership rights after lease cancelation

Court rules buyers of Islamabad luxury flats have no ownership rights after lease cancelation

  • Case relates to 2005 lease agreement for the development of a five-star hotel that was later converted into a residential project
  • Court rules third parties who acquired interest in One Constitution Avenue on sub-leases ‘have to sink or sail’ with the developer
By Waseem Abbasi ·