News
CDA Moves to Revive Historic G-6 Covered Market as Stakeholders Reach Preliminary Understanding
By Mariam Khan
Real Estate Analyst
2 min read
The Capital Development Authority (CDA) has held a final public hearing on proposed building-bylaw changes for the historic Siraj Covered Market in G-6/3, Islamabad, according to a report published on November 10, 2026. The leaseholder, residents and CDA representatives have reached a preliminary understanding. It is not an approval. The meeting minutes have not been issued, the proposal still needs CDA Board approval, and construction has not been authorised.
What the Stakeholders Agreed
The preliminary understanding would allow a ground-plus-one-storey market, with lower-ground and basement parking. The site covers about 8,670 square yards and has remained vacant following a longstanding dispute over redevelopment. The report as we have it does not describe the dispute, name the leaseholder or say what the earlier building limits were. We therefore do not describe them. The understanding is a preliminary one, and any of its terms could change before approval.
What Is Not Known
The report does not say when the CDA Board will consider the proposal or when the minutes will be issued. It does not say what the redevelopment will cost, who will pay or how long it will take. It does not say whether all residents agree or only those at the hearing. We make no prediction about approval. Other CDA notices are published on its public notices page.
Why This Matters for Property
If approved, the redevelopment could restore commercial activity in G-6 and create retail opportunities, while addressing residents' concerns about building height and parking. Until the Board decides, the site stays vacant, and no effect on nearby property values or rents has been established.
What This Means for Residents, Traders and Investors
Residents should follow CDA's notices for the minutes and the Board's decision. Traders interested in space should wait for approved plans and lease terms before committing. The signals to watch are the issue of the minutes, the CDA Board's decision, the approved building plan and any lease terms for the units.