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Islamabad Real Estate News

President reviews progress on new airport in Islamabad

ISLAMABAD, Mar 11 (APP): President Asif Ali Zardari Friday said that the need for constructing a new state-of-the art airport for Islamabad, equipped with all modern facilities, is being felt for quite some time as the existing one was unable to meet the growing requirements of passengers and cargo. These remarks were made by him[…]

Curtain falls on new industrial zone, for now

ISLAMABAD: The status of the proposed industrial zone, Sector I-17, could be changed to a residential one to help city planners meet their financial requirements, The Express Tribune has learnt. The sector was proposed a few years ago in response to growing concerns of environmentalists over industrial units operating around residential areas of the capital.

Declared assets: Rich Senators of a poor nation

ISLAMABAD: Despite rampant under-declaration of assets, Pakistani Senators have net worths running into the millions and even billions of rupees, according to details of asset declarations made public by the Election Commission of Pakistan. The ECP, however, has no mechanism to verify the authenticity of claims made by the lawmakers.

Vacate land within a week, CDA’s notice to land grabbers

ISLAMABAD:The Capital Development Authority (CDA) has warned through public notice to the all occupants of CDA land and encroachers especially and slum dwellers in Sector I-11 to vacate it in seven days. The public notice issued in the national newspapers informs the encroachers to vacate the land owned by CDA to avoid the operation planned[…]

Bullet-proof cars: FIA investigating source of custom duties

ISLAMABAD: The Federal Investigation Agency (FIA) will request the Supreme Court to direct customs officials to provide details of taxes collected on 10 bullet-proof vehicles imported by key political figures in 2009-10, after they refused to share the information with the agency. The FIA is investigating the source of the money paid to the Federal[…]

SC questions CDA’s joint venture with co-op society

ISLAMABAD: The chief justice on Wednesday observed that Multi Professionals was a cooperative society while CDA had given it a contract for establishing a new sector comprising 54 acres of land. A two-member bench of the apex court comprising Chief Justice (CJ) Iftikhar Muhammad Chaudhry and Justice Ghulam Rabbani was hearing a suo moto case[…]

SC questions allotment of land measuring 54 acres by CDA

ISLAMABAD: Hearing a suo motu case against the allotment of land measuring 54 acres worth billions of rupees in Sector E-11 of the federal capital by the Capital Development Authority (CDA) to the Multi-Professional Cooperative Housing Society (MPCHS) on the pretext of its development, the Supreme Court (SC) on Wednesday questioned how the land was[…]

8,300 acres of CDA land still in land mafia occupation, SC told

ISLAMABAD: The Supreme Court (SC) was informed on Tuesday that 8,300 acres land of Capital Development Authority (CDA) was still in occupation of land mafia in sectors E-11, D-11, G-12 and F-11. A two-member bench comprising Chief Justice (CJ) Iftikhar Muhammad Chaudhry and Justice Ghulam Rabbani noted that such allotment of public land to private[…]

PM, son declare latest assets to ECP

ISLAMABAD: The latest declarations of assets by Prime Minister Yousuf Raza Gilani and his MPA son, Abdul Qadir Gilani, show that the son is almost four times richer than his father, notwithstanding the fact that the newly added assets of junior Gilani in Multan city and DHA Karachi have not been mentioned.

1041 substandard food articles seized by CDA

ISLAMABAD, Mar 8 (APP): Directorate of Health, Capital Development Authority (CDA) on Tueady seized 1289 below standard food articles including juices, packed spices and edible oil besides fake brands of soft drinks.Moreover, the CDA also seized outdated milk packets.When contacted, Director General Health (CDA) said they were working on scientific ways to check food adulteration[…]

Clothes extravaganza: The (aesthetically) curious case of Nadia Asher

ISLAMABAD: In a plethora of glistening fuzziness, L’atelier opened a delightful summer collection by the young fashion designer Nadia Asher on Sunday. The exhibition was attended by a selective guest list of diplomats and media personnel. “We wanted to cater to our top-notch clientele in an exclusive showcase,” Zahra Raza, CEO L’atelier, told The Express[…]

CDA in shambles due to financial crunch

Civic body fails to start work on over 50 projects pending for last three years ISLAMABAD: Capital Development Authority (CDA) is in shambles due to financial crunch, as it management has failed to start work on over 50 projects pending for last three years.

Pending projects started soon: CDA

ISLAMABAD: Spokesman for Capital Development Authority (CDA) Ramzan Sajid said currently mega project of Zero Point Interchange was in final stages and Chairman Imtiaz Inayat Elahi has started the project of Kashmir Highway, Parliament Lodges extension and Lehtrar Road. He said the other projects would also be started with the passage of time.

Pakistan Real Estate Report Q1 2011

The Pakistan Real Estate Report provides industry professionals and strategists, corporate analysts, real estate associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Pakistan’s Real Estate industry. The last year or so has been very challenging for the protagonists in Pakistan’s commercial real estate sector. Rents have fallen in Islamabad and[…]

LDA takes its cue from CDA

Taking their cue from the Capital Development Authority (CDA), the district authorities in Lahore are also bracing up to launching an anti-encroachment drive in Lahore where, according to a recent study, nearly nine percent of the entire state land (42,858 kanals out of a total of 381,912 kanals to be precise) has been encroached upon[…]

CDA set to launch tax recovery drive

The revenue directorate of the Capital Development Authority (CDA) is set to launch a campaign for recovery of outstanding property tax, water and other charges from the defaulters. The sources in the CDA told ‘The News’ that individual notices to the defaulters are being sent for clearing the outstanding taxes against their property. However, they[…]

Road named after Ahmed Faraz

ISLAMABAD: Chairman Capital Development Authority (CDA) Imtiaz Inayat Elahi chaired the CDA board meeting on Thursday and, besides other decisions, the meeting renamed the Service Road West Sector F-10 Ahmed Faraz Road, honoring his services for Urdu literature. He, according to the sources, was raged when a file to redesignate the post of Director Security[…]

Arrest warrants for Ali Riaz suspended

RAWALPINDI, March 2: The lawyer for Ahmed Ali Riaz, the chief executive officer of Bahria Town, on Wednesday informed the trial court that the Lahore High Court (LHC) had suspended warrants for his client`s arrest. The trial court had issued non-bailable arrest warrants for him on Monday for not appearing in the court in drag[…]

CDA tree plantation campaign in full swing

ISLAMABAD: Green Islamabad is the outcome of consistent efforts of the Capital Development Authority (CDA) and its green environment is a rich source of entertainment for the residents and visitors, Gilgit-Baltistan Governor Pir Karam Ali Shah stated this on the occasion of planting sapling of Magnolia in connection with the ongoing Spring Tree Plantation Campaign[…]

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