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Islamabad Real Estate News

Sightseeing: A double-decker to view the capital

ISLAMABAD: The Capital Development Authority (CDA) is gearing up to start a double-decker tourist bus for sites around Islamabad, particularly the Margalla Hills. Right now people need to either rely on their own cars or vans as there is no public transport for the Margalla Hills in particular. This becomes quite expensive for tourists. For[…]

CDA denies involvement in any purchase of land

ISLAMABAD: Spokesman for CDA Ramzan Sajid said so far land for Zone-IV had not acquired, but CDA was considering to change the zonal regulations because in future Zone-IV is going to become economic hub. If housing societies will be announced it will ultimately increase the income of CDA, he said, adding, as far as the[…]

Housing secretary says project is feasible

ISLAMABAD: Housing and Works Secretary Raja Muhammad Abbas said it was not true that the project was not feasible. Road will be construct till Murree Expressway and Angori Road can also be used, he said. After registration of project with CDA relevant documents have been submitted, he said, adding, within a fortnight CDA will issue[…]

Housing Ministry continues to serve land mafias, Maliks

ISLAMABAD: Federal Government Employees Housing Foundation’s (FGEHF) plan to launch a housing society in Zone-IV is likely to become another “New City Project” in which billions of rupees of the people were lost, as the land purchased by FGEHF doesn’t have access to main road and the foundation has a very bad track record in[…]

CDA onboard in multi-million scam

ISLAMABAD: Ministry of Housing has purchased 3,156 kanals of land in zone IV, which is also a scam. The land has been purchased through Green Company owned by Dr Hafeez Abbasi, brother of Zafeer Abbasi, former additional secretary, Ministry of Interior. Land was purchases for Rs 2.84 billion and according to agreement 35 percent amount[…]

No more allotments in Kuri Model Village: CDA

ISLAMABAD: Capital Development Authority (CDA) Chairman Imtiaz Inayat Elahi by approving measures to streamline the implementation of Kuri and Rehara compensation packages directed that no further allotment would be made in Kuri model village to any person until further orders and plots already allotted not to be transferred to new vendees.

Bahria Town marketing manager flees court

RAWALPINDI: The marketing manager of Bahria Town, Waleed Aman, fled from the premises of a session court in Rawalpindi on Friday. Aman was summoned to Rawalpindi’s session court today. The court cancelled his pre-arrest bail after which he managed to escape from the court. The hearing of the case has now been adjourned till January[…]

Drag race: FIA to nab ‘main suspect’ from Dubai

ISLAMABAD: The Federal Investigation Agency (FIA) on Thursday sought help of the security officials of United Arab Emirates (UAE) for the arrest of the real estate tycoon Malik Riaz’s son. Ali Riaz was believed to have fled to Dubai and did not return after he was nominated in a criminal case for illegally organising and[…]

CDA to pay outstanding dues next month: spokesman

ISLAMABAD: CDA spokesman Ramzan Sajid said that CDA was planning to inaugurate the project in January and PM had been requested to inaugurate the project. He said, as far as pending money was concern CDA was paying the balance amount in installments and hopefully CDA would pay remaining balance in next month. Source: Daily Times

‘Work to finish soon if pending dues paid’

ISLAMABAD: ZPI project manager Mumtaz Hussain said at now Rs 300 were pending with CDA, besides Muharram and visit of Chinese PM also affected the pace of the work. He said company was trying her best to complete the Kashmir Highway Bridge in first fortnight of January. Remaining work of monument loop would be finished[…]

CDA eying over Rs 1.5bn in open auction of plots

Residential and commercial plots will be offered for auction on December 28 and 29 respectively ISLAMABAD: Capital Development Authority (CDA) CDA is expecting to earn over Rs 1.5 billion during a two-day auction of residential and commercial plots to be held on December 28 and December 29 from 10am to 4pm at Community Centre, Aabpara.

SC seeks record of houses built on DHA’s streets

ISLAMABAD: A three member bench of the Supreme Court led by Chief Justice Iftikhar Muhammad Chaudhry demanded a record of the houses constructed on Defense Housing Authority’s (DHA) streets. The plea filed by DHA requested to block a few roads, but the CJ overruled it saying streets and roads are constructed for people and cannot[…]

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