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Islamabad Real Estate News

Islamabad G-7/2 bridge needs repair

Islamabad—The dilapidated condition of an over bridge in G-7/2 is a life risk for the inhabitants of the area. One of the locals told this news agency that Capital Development Authority(CDA) is keeping parts of Islamabad Capital Territory (ICT) in the Stone Age. CDA constructed the bridge to facilitate the people living in and adjacent[…]

CDA eyes Park Enclave development as ‘alternative’

ISLAMABAD – Losing all hopes to “make money” from the controversial LED lights project after Asian Development Bank (ADB) refused to provide soft loan to the Capital Development Authority (CDA) for the purpose, now those, who are designated by the PM to oversee the affairs of the CDA, are eyeing another project worth Rs 4[…]

CDA to resume construction on Potohari Village

ISLAMABAD – The Capital Development Authority (CDA) decided on Wednesday that the Potohari Arts and Crafts Village would be made fully functional and its maintenance completed faster. The decision was taken during a meeting regarding the village held at the CDA headquarters, presided over by the CDA chairman Farkhand Iqbal and attended by the CDA[…]

CDA fails to maintain main roads in Islamabad

Islamabad: The Capital Development Authority (CDA) might be facing severe financial constraints, but it does not cost too much to carry out maintenance of the existing road network. After paying no heed to plight of users of IJ Principal Road, which is ruining with the passage of each passing day, the civic body is also[…]

CDA involved in Rs500m plot scandal

ISLAMABAD: A plot scandal to the tune of millions of rupees has been unearthed in the Department of Estate Management-2 (Commercial) of the Capital Development Authority (CDA). It was revealed that the national exchequer was inflicted with a loss of Rs500 million because the CDA restored cancelled plot in 1985 on the pressure of an[…]

Illegal allotment by CDA caused losses of billions

ISLAMABAD: Chief Justice Iftikhar Muhammad Chaudhry on Monday remarked, during hearing of a suo motu notice, that illegal allotment of over 4,000 plots by the Capital Development Authority (CDA) has caused a loss of billions of rupees to the national exchequer. He was heading a three-member bench also comprising Justice Khilji Arif Hussain and Justice[…]

DHA Islamabad holds draw

Rawalpindi: The draw for the ‘DHA Commercial 2011’ was held at the Defence Housing Authority, Phase-I, Islamabad, on Friday, says a press release. Through the draw, 5 marla commercial plots, shops and studio apartments were allotted to the successful applicants. Senior officials of the Defence Housing Authority along with the others were also present on[…]

Park Enclave Housing Scheme

ISLAMABAD: Senate Standing Committee on Cabinet Secretariat has directed Capital Development Authority (CDA) to complete the Park Enclave Housing Scheme-Zone IV within stipulated time. The committee met under the chairmanship of Senator Shahid Hassan Bugti at CDA headquarters on Thursday to discuss the work progress of Park Enclave Sector E-12 and construction of offices of[…]

CDA starts auction process

ISLAMABAD – Keeping the tradition alive of auctioning the plots to overcome financial crisis, the Capital Development Authority (CDA) began auctioning residential and commercial plots in posh areas of Islamabad on Monday. However, sources in the CDA said it was difficult for the civic body to get rid of the financial crunch through auctioning process,[…]

CDA residential plot auction receives positive response

ISLAMABAD: The Capital Development Authority (CDA) got a resounding response from the public on the first day of the CDA grand auction of residential plots, which began at a local hotel on Monday. The two-day auction announced by the CDA was meant for residential as well as commercial plots and would continue from 1000 to[…]

CDA promises to hand over possession of plots in eighteen months

Islamabad: Capital Development Authority (CDA) Chairman Farkhand Iqbal, along with Prime Minister’s Task Force on Islamabad Chairman Faisal Sakhi Butt, Thursday performed the ground-breaking ceremony to launch development work in the delayed sector of I-11 Islamabad. The CDA chairman, who in his recent press conference announced that he would focus on starting development work in[…]

Bahria Town gets recognition beyond borders

Islamabad—Bahria Town, Asia’s largest private real estate developer, has been making waves recently not only within the territories of its home country but the efforts are also being realized globally. International media like CNN, Newsweek, LA Times & Euro Asia Industry have all recognized Bahria Town’s achievement. Over a decade, since its inception, Bahria Town[…]

CDA to auction commercial plots

ISLAMABAD: Capital Development Authority (CDA) will auction commercial plots in busiest commercial centres of the federal capital to attract business community and international business firms for generating economic activity.

CDA not in a position to launch new sectors

ISLAMABAD – CDA Chairman Engineer Farkhand Iqbal on Tuesday said the Capital Development Authority (CDA) was not in a position to develop new sectors, adding that instead of developing new sectors, the civic body would complete the construction work in the underdeveloped areas “within days”. Addressing a news conference at the Jinnah Convention Centre, Farkhand[…]

Big developers warned against degrading environment

ISLAMABAD, Jan 1: Over a dozen housing societies, including the military-run Defence Housing Authority (DHA), are in trouble with the Pakistan Environment Protection Agency (EPA) for brazenly violating the environment laws of the country. Section 12 of the Environment Protection Act 1997 says no proponent of a housing project can commence construction, or operation, unless[…]

CDA starts development work of Sector I-11

ISLAMABAD: Capital Development Authority (CDA) on Wednesday kicked of development work in Sector I-11 after getting the land in sector vacated. A meeting to this effect was held at CDA headquarters on Wednesday, which was presided by the CDA Chairman Engineer Farkhand Iqbal. The affectees of the area and senior officers of the authority participated[…]

TI asks FBR to provide tax details of Malik Riaz Rs 225b

The Transparency International (TI) has sought details from the Federal Board of Revenue (FBR) about whether Rs 225 billion internationally declared by Malik Riaz of Bahria Town were included in tax returns of fiscal year 2009–10 and what amount was of due taxes was collected. A letter addressed to FBR Chairman Salman Siddique by TI[…]

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