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Pakistan Property News & Trends

CDA proposes increase in property tax & water tariff

Islamabad: The federal cabinet is likely to take up a proposal from the Capital Development Authority (CDA) for increase in property tax and water charges with focus to target commercial consumers and owners of big houses for the fiscal year 2012-2013. The CDA sources told ‘The News’ that the civic body had sent a proposal[…]

Park Enclave Development delay hits CDA credibility hard

ISLAMABAD – Delay, for one reason or the other, in proper execution of development work of approximately Rs 4 billion newly launched housing project – Park Enclave – by the Capital Development Authority (CDA) has continuously been adding to the fast sinking credibility of the Authority in terms of provision of housing facilities to residents.

Bus terminals yet to be shifted out

ISLAMABAD, March 17: The Capital Development Authority (CDA) has failed to shift the five main bus stations out of the city even after allocating 164 kanals at Sector I-11/4 for this purpose and spending Rs6.5 million on development of basic infrastructure there, Dawn has learnt. There is no policy to regulate the establishment of bus[…]

Property service fee surveys to begin

DUBAI: Property experts are preparing the first major benchmark surveys of service fees so that investors who have long complained of excessive rates can compare prices. The government-backed Middle East Facility Management Association (Mefma) plans this month to start collecting data from its 75 corporate members as well as developers and property owners. The process[…]

SC tells off LDA over commercialisation policy

LAHORE: A two-member bench of the Supreme Court on Thursday ordered the owners of high-rise buildings in the city to file details to the court about the cost of land, area and covered area, and parking space of their buildings. The bench was hearing a review petition filed by the owners against an SC judgment[…]

1,000 acres of DHA land in Karachi for military martyrs

KARACHI: The Sindh government has decided to allot 1,000 acres of land to the families of armed forces personnel who lost their beloved in the war on terror. The decision to this effect was taken at a high-level meeting. The Board of Revenue (BoR) confirmed to The News on Wednesday that the directives of President[…]

LDA demolishes illegal building

LAHORE – The LDA staff demolished an under-construction building on a 10-marla piece of land which was being illegally built in B-block of LDA Avenue One near Bhopatyana on Raiwind Road. Estate Management Avenue One Director Rao Fazal ur Rahman led the operation in the presence of Deputy Director DEM Avenue-1, Estate Officer and staff[…]

CDA seeks loan for LED project

Official says authority to take loan from federal government to pay its part of Rs 1.6 billion ISLAMABAD: The Capital Development Authority (CDA) plans to acquire a loan for execution of the long-pending Light Emitting Diodes (LED) project to replace the existing street lights system for energy saving purposes. Rs 6.5 billion are needed for[…]

Bahria Town riding facility

ISLAMABAD – Inauguration ceremony of Bahria Town riding club was held at Bahria Paradise, Bahria Town on Wednesday. Malik Riaz Hussain, Chairman Bahria Town was the chief guest at the occasion, says a press release. Bahria Town Riding Club is a state of the art club offering world class riding facilities, exclusively to the distinguished[…]

Turkish mayor gifts 100 buses for BRT

LAHORE: Giving a fresh impetus to Istanbul-Lahore friendship journey, Istanbul Mayor Dr Kadir Topbas announced on Monday that he would gift 100 buses for the Bus Rapid Transit (BRT) project. “I am very thankful to the people of Lahore and Punjab Chief Minister Shahbaz Sharif for according me and my delegation a very impressive greeting[…]

Shuttle bus service launched in DHA Lahore

LAHORE – A new bus service for travel within the Defence Housing Authority was launched at the Y-Block commercial area here on Wednesday. The DHA Coaster Shuttle Service consists of four air-conditioned buses, imported at Rs7.3 million each from Japan, that will cover all of Defence from Phase I to Phase V, making 28 stops[…]

Groundbreaking of two mega projects

MUZAFFARABAD: Prime Minister Syed Yousuf Raza Gilani will visit Mirpur on Monday to perform the groundbreaking of two mega projects. According to official sources, Mr Gilani would inaugurate the initiation of work at Miran Shah Ghazi Bridge linking Islamgarh and Mirpur on opposite banks of Mangla Lake.

NLC starts charging toll tax on Lahore Ring Road

LAHORE, March 8: The National Logistic Cell (NLC) started on Thursday the collection of toll tax from commuters at the newly-established 17 toll plazas on a 40km long stretch of the Lahore Ring Road (LRR). “The Ring Road project management has awarded the toll collection contract for one year to the NLC,” Lahore Commissioner Jawad[…]

3-time increase in plots transfer by CDA

ISLAMABAD: Citizens have protested against in three-fold increase by the CDA in transfer fee of plots terming it a tyrannical order. The CDA has increased the transfer fee 3 times without seeking the opinion of the general public which is arbitrary act, said Ghulam Hussain, a citizen. CDA has even violated the orders of Prime[…]

PM asks NHA to focus on ongoing projects

ISLAMABAD – Prime Minister Syed Yousuf Raza Gilani directed National Highway Authority to focus on completion of projects, which have already been completed to the extent of 70 per cent instead of initiating new projects. He also directed to maintain equitable distribution of development funds among the provinces. Prime Minister passed these orders while taking[…]

Bahria Town Lahore Rates by eProperty 11-03-2012

All rates are in Rupee Lacs. Given rates are for average locations plots, homes, commercials, files excluding average below and average above locations in Bahria Town Lahore. All possession areas are recommended for buying to construct home and living. Bahria Town Lahore Commercial Plots Rates Bahria Town Lahore Sector D 5 Marla File Rates 0.25[…]

Nakheel to double size of Dragon Mart and Ibn Battuta Mall

Nakheel is set to embark on a major expansion of its retail operations, doubling the size of both Ibn Battuta Mall and Dragon Mart. The company will join a host of developers investing billions of dirhams in malls, hotels and entertainment. In addition, the developer behind Dubai’s palm-shaped islands is confident banks will lend Dh300[…]

LDA auctioned five plots for Rs 43.6 million

A total of five plots, including four commercial and one residential sites, were auctioned for a sum of Rs 43.6 million by the Lahore Development Authority (LDA) on Wednesday. Open auction of these plots was held in LDA Community Centre; auction committee of LDA comprising of Director Finance, Director Estate Management and Director Land Development[…]

Lahore Ring Road Toll plazas to open on 8th March

Colonel (retd) Asim, who is in charge of security at the Ring Road, said that motorcycles, bicycles, scooters, carts, rickshaws and Qing Qis would not be allowed on to the Ring Road from March 8 when the 26 toll plazas on the Northern Loop, one for each exit, are activated. LAHORE: Twenty-eight toll plazas on[…]

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