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Islamabad Real Estate News

CDA approves building construction plans

Islamabad: The Capital Development Authority (CDA) on Wednesday (November 16, 2011) formally approved the building plans and granted the permission for the construction of new building of the embassy of the United States of America in Islamabad. According to the sources in the CDA, the ‘Design Vetting Committee for Approval of Building Plans in Islamabad’[…]

The loot sale of plots in Islamabad

ISLAMABAD: The National Police Foundation (NPF), which was established for the welfare of police officials, has ended up scandalously allotting Islamabad land worth billions of rupees at throwaway prices to the ruling elite, including generals, bureaucrats, ambassadors, close relatives of top police officials and well-connected civilians.

Think tank thrives on leased plot

ISLAMABAD, Nov 12: An Islamabad-based think tank has `sold out` a prime plot leased to it for educational purposes by the Capital Development Authority (CDA). The plot, on which now stands a two-storey plaza, was transferred to a private construction company, Dawn has learnt.

CDA will approve Rs 50m for Marghazar Zoo after Eid

ISLAMABAD – The cash-strapped Capital Development Authority (CDA) is likely to approve Rs 50 million for construction work at Marghazar Zoo after Eidul Azha, it has been learnt. A senior CDA official told Pakistan Today that the CDA had been facing severe financial crisis due to which it could not upgrade the Marghazar Zoo project[…]

CDA finally decides to build Sector I-15 Islamabad

ISLAMABAD – In a bid to address the problems faced by those who were allotted plots in the Sector-I/15, the Capital Development Authority (CDA) may start development work there. The development is the result of a decision taken by the authority to seek offers from three pre-qualified firms for the work.

DHA Valley Islamabad: Delay in DHA project worries allottees

ISLAMABAD: Indefinite delay in the completion of the Islamabad Valley housing project of the Defence Housing Authority (DHA) is worrying thousands of investors in the scheme. “It was a shock for us when the DHA Valley management issued a letter asking the allottees to defer payment of last instalment (due on August 29) till further[…]

Pakistan and the Silk Road project

Leaders from 12 nations are meeting in Istanbul on November 2 to plan a stable and independent Afghanistan after American withdrawal. Countries who will discuss regional economic cooperation in this context are: Afghanistan, Pakistan, India, Iran, Turkmenistan, Tajikistan, Kyrgyzstan, Saudi Arabia, Turkey, UAE, USA and the United Kingdom. This will be a prelude to the[…]

CDA auctions cattle market for Rs 6.5m

Islamabad: The Capital Development Authority (CDA) on Wednesday auctioned the temporary cattle market for Rs 6.5 million from Zilhajj 1 to 13 for sale and purchase of sacrificial animals. The temporary cattle market situated at old Afghan Basti, I-11 was auctioned for 13 days. The auction was held at the Directorate Municipal Administration.

NHA plans Rs 462 billion projects

ISLAMABAD: National Highway Authority (NHA) is working on 58 schemes of 4259 Kilometres (km) long at cost of Rs 230 billion, while 47 projects have been planned with total length of 4315 km, which will be completed at an estimated cost of Rs 462 billion. National Highways Authority’s revenue amounts stand at Rs 12 billion[…]

Land scam: Special team formed to arrest realtor, son

RAWALPINDI: A special police team, headed by Senior Superintendent of Police (SSP) Yasin Farooq, has been constituted to arrest a real estate tycoon and his son involved in a land scam. The move came after the Anti-Corruption Establishment (ACE) director sought the help of the police in arresting Bahria Town owner Malik Riaz and his[…]

CDA ordered to review rates within month

ISLAMABAD – The Capital Development Authority (CDA) Board is still waiting for authority’s finance wing submission over proposed enhancement in charges to raise additional storey/floor on existing commercial and residential buildings. CDA Board has forwarded the summary in this regard to finance directorate in May 2011, though approximately six months have been lapsed but still[…]

Pakistan-Tajikistan road to cost Rs.2 bn

Islamabad, Oct 19 (IANS) A road that would connect Pakistan with Tajikistan is estimated to cost Rs.2 billion. The proposed road between Gilgit-Baltistan and Tajikistan would open up new avenues of progress and prosperity in the region, reported Associated Press of Pakistan.

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