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Islamabad Real Estate News

Transparency says corruption touching Rs3 trillion in Pakistan

ISLAMABAD: While Pakistan has greatly compromised its independence for the sake of a few billion dollars of foreign aid and corruption is rising at an alarming rate, the Transparency International has revealed that during the last three years of PPP rule, the menace has cost the nation more than Rs3,000 billion only in selected areas.

CDA to demolish illegal structures on nullahs banks

Islamabad—Capital Development Authority (CDA) will start demolishing illegal structures on the banks of nullahs from Monday to save slum dwellers from any emergency situation during monsoon season. The Authority issued notices last week giving a time period of one week to the slum dwellers, who had built houses closed to the nullahs flowing through different[…]

Musharraf’s assets: Farmhouse in the capital Rs80 million in coffers

RAWALPINDI: The Federal Investigation Agency’s (FIA) prosecutors informed an anti-terrorism court that former president Pervez Musharraf, who was declared a proclaimed offender in the Benazir Bhutto murder case, owns a farmhouse in the federal capital and has over Rs80 million in various bank accounts. The court had ordered confiscation of his movable and immovable assets,[…]

Fight for control of CDA, ICT

ISLAMABAD, July 9: The bureaucracy is gearing up to block transfer of administrative control of the civic authority and the local administration to the Capital Administration and Development Division (CADD), Dawn has learnt.

Only SC can take action against illegal housing projects

ISLAMABAD: An officer of CDA said there was a long list of land embezzlements by Malik Riaz but unfortunately no one except Supreme Court (SC) could take action against him due to his close links with political personalities. Previously SC took notice of the property disputes of Malik Riaz and he had to pay the[…]

Another new city scam in the offing

CDA least interested in taking action against illegal housing project Officers not ready to give information to citizens about Bahria Enclave Project ISLAMABAD: Capital Development Authority (CDA) management seems least interested in taking any strict action against the ‘illegal’ project of Bahria Town in Zone-IV due to which Pakistanis, especially expatriates, are likely to lose[…]

The lure of Zone-IV: Bahria Town takes the better of CDA’s plans

ISLAMABAD: Park Enclave, the project that was being termed as the Capital Development Authority’s lifeline for the next fiscal year, has suffered a blow just when it was about to take off. The “posh” housing scheme in the Zone-4 of the federal capital suffered a setback after Bahria Town announced a housing scheme “Bahria Enclave”[…]

Shelterless people seek CJP’s help

Islamabad—Some 300 homeless people of Islamabad have submitted an application to Chief Justice Supreme Court requesting him to cancel the huge plots in the proposed Park Enclave Scheme and direct CDA to allot the land to shelter less people by converting it to plots of five marlas each.

CDA starts development work in Park Enclave

Islamabad—The Capital Development Authority (CDA) has initiated development work in the dream and the exclusive housing project (Park Enclave) of the Federal Capital in Zone-IV. Chairman CDA, Imtiaz Inayat Elahi visited the site of the housing project here on Monday. On this occasion officers of the concerned formations of the Authority were also present.

Attempt to stall Park Enclave Project

Officers leaking CDA future strategies to Bahria Town admin With the start of Park Enclave development work Bahria Enclave development also starts CDA announces more facilities for Park Enclave to attract investors ISLAMABAD: Though clash of interests between Capital Development Authority (CDA) and Bahria Town is intensifying, some senior officers of CDA has been instrumental[…]

Park Enclave a test case

A real estate tycoon made a clever but unethical move by announcing a housing scheme close to another one launched recently by Prime Minister Yousuf Raza Gilani to provide what the city managers called “unique” housing facilities in the federal capital.

CDA’s jewel loses shine

ISLAMABAD, July 8: Only a day after the Capital Development Authority (CDA) launched a housing project for the rich in Zone IV, calling it the “Jewel of Islamabad”, a leading property tycoon came up with a matching offer but at half the price.

Zardari’s Islamabad property still frozen under NRO

ISLAMABAD: Despite the Capital Development Authority’s controversial decision to fundamentally change the zoning regulations of its Zone-III, defined as a protected Margallah Hills National Park area, President Asif Ali Zardari and his son Bilawal might not benefit from this jackpot immediately because the 2,400 kanals of their Sangjiani property is still frozen under the NRO[…]

Another feather in CDA’s cap

CDA set to launch mini tourist train in capital ISLAMABAD: The Capital Development Authority (CDA) is looking forward to operate a mini tourist train in capital in a week to facilitate and entertain the visitors and locals by providing a unique traveling experience with onboard commentary about the city picturesque spots.

A committee to investigate zone-IV housing society issue

ISLAMABAD: National Assembly Standing Committee for Cabinet Chairman Dewan Syed Ashiq Hussain Bukhari told Daily Times that it was their responsibility to ensure the safety of public investments. He said standing committee will defiantly take the notice of the issue and will look into it and will find out that the status of private housing[…]

Application submitted to CDA for NOC: Bahria Town

ISLAMABAD: Malik Riaz could not be contacted. Behria Town Marketing Manager Nida Zahoor told Daily Times that they had submitted application and relevant documents to CDA to get NOC for the housing society. She said it was not in her knowledge whether CDA had given any receipt after receiving the application or not. The manger[…]

CDA received no application for NOC in zone–IV: spokesman

ISLAMBAD: Spokesman for CDA Ramzan Sajid said according to his information CDA had not given NOC to any housing society in zone IV and CDA management is looking into the matter. He said hopefully matter would be resolved. While giving answer to a question, he said so far CDA had not received any application regarding[…]

Park Enclave versus Bahria Enclave

Bahria Town admin flexes muscles to flop Park Enclave Project Malik Riaz starts booking of Bahria Enclave plots without getting any CDA hesitates to take action against Riaz due to his political influence Park Enclave project likely to end private housing societies monopoly and manipulation of plots prices ISLAMABAD: Though Capital Development Authority (CDA) has[…]

Park Enclave, Bahria Town project’s competition takes a new turn

Malik Riaz uses influence to force CDA change advertisement boards declaring Park Enclave only approved housing project in Zone-IV CDA refuses NOC for Bahira Enclave without meeting requirements ISLAMABAD: After Daily Times reports against the illegal housing project in Zone-IV and increasing public pressure, the Bahria Town management has changed their claim that the Bahria[…]

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