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Islamabad Real Estate News

Spring Rose Festival kicks off

ISLAMABAD – The Capital Development Authority (CDA) has spent approximately Rs600 million on carpeting and patchwork of various roads in the Class-C category markets across the federal capital. An additional amount of Rs7 million has been spent on the upgradation of sewerage system of these markets.

CDA awarded contracts to favourite firms: probe

ISLAMABAD: The Capital Development Authority (CDA) awarded contracts to favourite firms for the renovation of the President and Prime Minister houses during the tenure of two ex-premiers from 1989 to 1996, inquiry reports presented before the Special Public Accounts Committee (SPAC) revealed.

SC strikes down CDA-MPCHS Joint Venture Agreement

ISLAMABAD, Apr 15 (APP): The Supreme Court on Friday declared a Joint Venture Agreement (JVA) between the Capital Development Authority (CDA) M/S Multi Professional Cooperative Housing Society (MPCHS) for the development of 54 acres of land located in northern strip of Sector E-11, Islamabad, as inoperative and ineffective.

Govt completed 5814 development schemes in last three years

Pakistan Housing Authority (PHA) has also completed a number of housing projects in Islamabad in G-10, G-11 besides in G-7 and G-8 sectors and its allottees are residing in their own houses in a beautiful and healthy environment. ISLAMABAD: The government has completed 5814 development schemes costing Rs.20,419 million across the country during the last[…]

Confusion over alternative arrangement for residents

The girls and women residing in Nusrat Hostel are confused over the policy of hostel administration for an alternative arrangement, as the deadline to vacate rooms for renovation work is nearing. The Ministry of Women Development (MoWD) has given the deadline of April 15 to vacate rooms so that Capital Development Authority (CDA) can start[…]

Text of SC order in Haj arrangements scam

ISLAMABAD: The public relations officer of the Supreme Court in a press release Saturday issued the following text of the court order along with other relevant letters in the Haj corruption case heard by a six-member bench on Friday. “SC HEARS HUMAN RIGHTS CASES NO.57701-P, 57719-G, 57754-P, 58152-P, 59036-S, 59060-P, 54187-P & 58118-K OF 2010[…]

CDA to execute sustainable projects

ISLAMABAD: Capital Development Authority (CDA) would execute self-sustainable projects in future and would further cut down its non-development expenditure through well organized financial management system. CDA Chairman Imtiaz Inayat Elahi addressing to a visiting delegation of probationary officers of District Management Group (DMG) from Civil Services Academy, Lahore on Saturday said that CDA is taking[…]

T&T Housing Society scam

ISLAMABAD: The case regarding Rs 405 million corruption by former managing committee of the T&T Employees Cooperative Housing Society (T&TECHS) in Sector F-17 of the federal capital has taken a new turn, as one of the member of executive body was sent to Adyala Jail on judicial remand three days ago while others have decided[…]

Payback time for ‘free Haj’ performers

ISLAMABAD – The Supreme Court on Friday ordered the Director General Federal Investigation Agency to immediately proceed against all those politicians and journalists, who had performed Haj on the government expenses in 2009 and 2010 and affect the recovery within a week. The Chief Justice further ordered the DG FIA to take action against all[…]

3G Services to be Available by the End of 2011

Islamabad: The Secretary Cabinet Division, Mr. Abdur Rauf Chaudhry has said that 3G services would hopefully be available to the Pakistan mobile users by the end of 2011, while it is expected that the Policy for auction of 3G services licenses would soon be presented to the government and Economic Coordination Committee (ECC) for discussion[…]

Anti-encroachment drive: ‘Political will required to launch operation’

ISLAMABAD: The National Assembly Standing Committee on Cabinet Division is dissatisfied with the Capital Development Authority (CDA) for failing to control encroachments in kachi abadis. Federal Secretary Cabinet Division Nargis Sethi made this clear during a meeting on Wednesday, held here to discuss encroachments in sectors I-11 and I-14. “The civic authority is wasting our[…]

People fear water shortage, CDA feels otherwise

As the weather is changing with the promise of a sizzling summer in the months to come the residents of the federal capital are once again preparing to confront a water crisis like yester years. However, the people entrusted with the job in the Capital Development Authority (CDA) for ensuring a smooth and sufficient supply[…]

CDA oblivious to water crisis

ISLAMABAD, April 5: Despite warning by a British consultancy company – Mott MacDonald – about eight years back that water losses in Islamabad stood at 50 per cent, the city managers have failed to take steps to resolve the water crisis in the city. “The current water consumption in the city is around 150 million[…]

Real Estate Related Laws of Pakistan

This overview explains procedure for sale/purchase of real estate in Pakistan, Gift of real estate in Pakistan, lease of real estate in Pakistan, mortgage of real estate in Pakistan and taxation of gains from real estate in Pakistan, taxation of real estate in Pakistan and set up of real estate investment trusts in Pakistan. These[…]

Murree, Nathiagali receive snowfall in April after 15 years

ISLAMABAD: The unexpected snowfall on Monday in the hilly areas of Nathiagali, Galliyat and Murree in April astonished the locals and visitors, breaking a 15-year record. Talking to APP, an official of Pakistan Meteorological Department said on Monday this was an unusual phenomenon as snowfall in April was earlier recorded in 1996. Usually, the snowfall[…]

CDA yet to receive Rs190m from GHQ, NA body told

ISLAMABAD: Officials of the Capital Development Authority (CDA) on Monday informed the National Assembly Standing Committee on Environment that despite issuance of show cause notices, they are yet to secure outstanding amount of Rs190 million against land provided in sectors E-10 and D-11 for construction of General Headquarters (GHQ). The officials pointed out the fact[…]

Pakistan Property & Real Estate FAQs

Q. What is Aks-Shajra? A. Aks-Shajra means image of a specific piece of land/specific khasra number from the map/plan of an estate or village defining its boundaries. Q. What is meant by Fard Malkiat? A. Fard Malkiat also known as (Record of Rights/ Jama Bandi/Misal Haquiat/ Register Haqdaran-e-Zameen) maintained for determination/record of various types of[…]

Ethics in business: Mobile marketing or SMS spam?

Pakistan has seen tremendous growth in the mobile sector. Within this sector, SMS volumes have seen 253 per cent growth from 2009 to 2010, according to PTA reports. In 2009, an average of 128 SMS messages were sent per person, per month, or an average of just over 4 messages a day. While some of[…]

Half-hearted efforts to reclaim state land

ISLAMABAD, April 3: The drive launched by the Capital Development Authority (CDA) on the directive of the Supreme Court to reclaim 20,000 acres of state land now in illegal occupation is going nowhere. Lack of coordination between the CDA’s two wings – estate and planning – is said to be the main reason behind the[…]

CDA chief still entitled to unlimited fuel

ISLAMABAD – Though the Capital Development Authority (CDA) has endorsed the decision of the Cabinet Division regarding cut in perks and privileges including fuel charges as part of the austerity measures, yet CDA board members and chairman will remain entitled to availing the unlimited funds in the head of fuel charges. The decision would be[…]

Land disputes on the rise in capital

ISLAMABAD: Disputes over land issues are on the increase in the federal capital. Locals in and around the city allegedly sell their lands and then try to cancel the agreements. A case on point may be of the security guard who was murdered over land dispute while he was on duty.

Games that rich play

ISLAMABAD, April 2: Businesses benefited from the World Cup frenzy last week but none like a building industry giant that allegedly used it to grab land defying court orders and civil rights actions. People of Mauza Sal Kether in the foothills of Murree claim that the Mohali clash was two days away when massive blasts[…]

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