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Karachi Real Estate News

Next budget may bring real estate into tax net

ISLAMABAD: The government`s financial plans for the next budget are still being given final shape and they include a step to bring real estate into the tax net. It aims to introduce heavy penalties for those found guilty of evasion as well as more drastic measures such as purchases by the government in case property[…]

DHA prefers Wateen, threatens resident to remove Zong tower

KARACHI – The Defence Housing Authority (DHA) has been threatening one of its residents to remove the mobile phone tower installed by a cellular company on the roof of his house, and demanding a No-Objection Certificate (NOC) of the neighbourhood, which is against legal practices. It is to be noted that the DHA has been[…]

Annual prize ceremony at DHA College

The annual prize distribution ceremony in the Defence Housing Authority Degree College for Women Phase-VIII was held on Thursday with DHA Administrator Brig Aamer Raza Qureshi in the chair. The newly-elected members of the students’ council also took oath of their offices in a separate ceremony at the college auditorium. The chief guest later distributed[…]

8m gallons needed daily to meet water needs in DHA, Clifton

The Karachi Water and Sewerage Board (KWSB) should supply eight million gallons of water per day to the Clifton Cantt in order to overcome water scarcity faced by the residents of Clifton and the Defence Housing Authority. This was stated at a meeting held at the Cantonment Board Clifton (CBC) and presided over by MNA[…]

KWSB freezes connections for new housing projects

KARACHI, March 13: In view of a shortfall of 200 million gallons of water per day and the refusal of the Indus River System Authority’s (Irsa) to increase the water quota for Sindh to implement the K-IV project, the Karachi Water and Sewerage Board has imposed a moratorium on new water connections for all the[…]

DHA removed Kh-e-Shamsheer divider as part of Zamzama one-way plan

KARACHI: The reason why the Defence Housing Authority removed the Khayaban-e-Shamsheer road divider in front of Khadda Market is to experiment with making Zamzama one-way to the Two Swords roundabout. “The division was removed to allow for heavy traffic flows and to assess the feasibility of the plan,” explained DHA PRO Col (retd) Rafat Hussain[…]

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[…]

17 cities to have above 1m population by 2030

KARACHI: Almost half of Pakistan’s population will be living in urban areas with 17 cities having more than one million population by the year 2030. This was disclosed at the roundtable conference on Urban Development and Economic Growth. The conference was organised by the Planning Commission to launch the task force report on urban development[…]

CM seeks investment in coal, power sectors

KARACHI – Sindh Chief Minister Syed Qaim Ali Shah has said that there is vast scope of investment in the province and the government is endeavouring to provide infrastructure and incentives to investors to come and invest in various sectors particularly in development of coal and generation of power.

DHA rape case: Police deny rumours woman has disappeared

KARACHI: Little headway seems to have been made in the investigation into an alleged case of rape which was committed in DHA in December. The police have denied rumours and news reports that the alleged victim, K, has ‘disappeared’ and say they are treating it like a high-profile case. Investigating Officer Ishaq Lashari told The[…]

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