Islamabad Real Estate News

ISLAMABAD:The development authorities, housing societies, and other authorities, who had wrongly claimed income tax exemption under the cover of “local authority”, have been brought into the tax net from July 1, 2008. Sources told Business Recorder on Tuesday that the Federal Board of Revenue (FBR) had clarified definition of “local authority” through Finance Act, 2008.

Pakistan witnessed a real estate boom after the 9/11 and war on terror. Property prices skyrocketed across the country and to buy a home resembled something beyond the bounds of possibility for an ordinary Pakistani. The expatriate Pakistanis invested their money in the real estate and the continuous flow of dollars swelled the volume of[…]

The inhabitants of Dheri Hassanabad Saturday staged a protest demonstration against the slow pace of development work on an excavated road in the area for the last one-month.

Capital Development Authority (CDA) has directed the housing societies to demarcate lands transferred to it for roads, parks, mosques, sewerage treatment plants and playgrounds.

Islamabad: Capital Development Authority (CDA) has decided to initiate a campaign to confiscate land, encroached by the allottees of plots and houses in different areas of the capital. A survey carried out by CDA reveals that its land outside the plots and houses has been encroached upon by a number of allottees of the plots,[…]

Rawalpindi: Approval of at least five mega projects in health sector for Rawalpindi might resolve a number of problems being faced by residents of the city.

ISLAMABAD: The cost of Islamabad-Murree Expressway project will now be around Rs 10 billion against the PC-1 estimates of rupees three billion. Due to delay in project’s execution time, the cost touched Rs 10 billion, sources in the Ministry of Communication here on Wednesday.

Islamabad: Capital Development Authority (CDA) fails to redevelop the Jubilee Park in F-7 Markaz despite clear directives given by the Supreme Court bench to revive it in its original condition instead of developing a mini-golf club at the site of the park.

Islamabad: Chairman Capital Development Authority (CDA) Tariq Mahmood has said that fire and rescue services directorate with a heavy investment of almost Rs1.5 billion would be upgraded.

Despite being frequently hit by controversies, the work on Zero Point Interchange is progressing according to schedule. There is hope that this may become one of those ‘rare projects’ undertaken by the Capital Development Authority (CDA) that might be completed ahead of schedule.

Rawalpindi: The committee constituted by the Punjab government has calculated a total of Rs1.12 billion loss incurred by the traders in the fire incident of Gakhar Plaza.

Capital Development Authority Tuesday opened the southern side of the Jinnah Avenue-Faisal Avenue Flyover for traffic flow, making the flyover fully operational.

Rawalpindi Cantonment Board (RCB), which started maintenance of Lane-6, Peshawar Road has stopped the work without any justification, on Friday.

Islamabad: Capital Development Authority (CDA) has launched a crack down against violators of building control regulations in Islamabad Capital Territory (ICT), Chairman CDA Tariq Mehmood Khan said Friday.

ISLAMABAD: Capital Development Authority (CCDA) on Thursday sought some time from Islamabad High Court to submit a detailed report on the dumping of garbage in G-10 and H-10 sectors.

Islamabad: The much-delayed Faisal Avenue Flyover is likely to miss another deadline, following a row between the Capital Development Authority and contractor over cost escalation, in sheer violation of the contract agreement and directives of the Steering Committee on Islamabad Development Package.

ISLAMABAD (APP)- The Sub-Committee of the Senate Standing Committee on Law, Justice, Human Rights and Parliamentary Affairs has again directed the housing societies operating in ICT to streamline their working especially with regard to completion of paper work to expedite development of plots for enabling their members actually undertake construction of houses. The committee which[…]

ISLAMABAD: The Capital Development Authority (CDA) Board will decide shortly the fate of the ‘sick’ Faisal Avenue Flyover Project, which has fallen massively behind schedule.

Prime Minister Syed Yousuf Raza Gilani expressed satisfaction over the progress made on the on-going as well as the up-coming development projects being undertaken by the Capital Development Authority (CDA) during the last three months.

ISLAMABAD, Dec 31: Adviser to Prime Minister on Finance and Revenue Shaukat Tarin said on Wednesday that the government would release next week Rs20 billion bailout package for the stock market to support sinking bourses.

Prime Minister Syed Yousuf Raza Gilani expressed satisfaction over the progress made on the on-going as well as the up-coming development projects being undertaken by the Capital Development Authority (CDA) during the last three months.

ISLAMABAD: The Economic Coordination Committee (ECC) of the Cabinet on Tuesday deferred the proposal to allow duty free import of 0.4 million tonnes raw sugar, official sources told Daily Times on Tuesday.

The use of farmhouses in Orchard Scheme near Faizabad for private ceremonies have increased manifold in clear violation of the rules that restrict commercial use of these farms, allotted specifically for agricultural purposes.

Rawalpindi: The poor condition of electricity wiring of most of the plazas in the city could lead to another incident like Gakhar Plaza where fire broke out due to short circuit and concerned authorities are least bothered to address the situation.