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Pakistan Property News & Trends

Sector E-12 Islamabad plots

I would like to bring to notice of the President, PM and Chief justice of Pakistan, plight of citizens who have been denied their right to get plots in Capital Development Authority (CDA) Islamabad awarded to them in 1989. In a rare balloting of plots located in Islamabad D12 and E12 the CDA on 31[…]

DAMAC Properties offers a 24% rental return guarantee

Luxury developer DAMAC Properties is offering a 24% rental return guarantee on all units purchased within its Burjside Terrace serviced apartment development in Dubai. The developer is offering a guaranteed tax-free 8% annual rental return over three years, in a move aimed at increasing investor confidence in the stability and security of the property market[…]

Afghan cash buyers target Palm Jumeirah

Wealthy Afghans are pouring millions of dollars into the UAE property market, in the run up to NATO withdrawing from the country in two years time. According to a number of estate agents spoken to by Arabian Business, properties in the Palm are amongst the areas being targeted for cash deals.Wealthy An estimated $8bn is[…]

LDA cracks down on illegal industries

LAHORE: The Lahore Development Authority (LDA) has decided to launch operation against industrial units established in residential areas illegally in the view to avoid human losses in future. The LDA management has issued directions to the concerned staff to check installation and operation of industrial units in the residential schemes, situated in the LDA’s controlled[…]

Work on Ashiana Iqbal from March 23

LAHORE: Chief Minister Shahbaz Sharif has said that the foundation stone of Ashiana Iqbal on Burki Road will be laid on March 23 and besides construction of 5, 7 and 10 marla houses, apartments will also be constructed there. He said that after first Aashiyana Housing Scheme at Saroba Attari, thousands of houses with modern[…]

Lahore Bus Rapid Transit System Project

CM says provision of comfortable, quality transport facilities to masses top priority of govt. LAHORE: People will be able to have safe and speedy transport facilities after completion of the Bus Rapid Transit System project, Punjab Chief Minister Shahbaz Sharif said on Saturday. He said this while presiding over a meeting to review the pace[…]

Lahore Bus Rapid Transit project on the move in City

LAHORE– Punjab Chief Minister Muhammad Shahbaz Sharif said on Saturday that work is speedily being done on the project of Bus Rapid Transit System, which will provide safe and speedy transport facilities to the masses. The CM said that provision of comfortable and quality transport facilities to the masses is a top priority for the[…]

Lahore Bus Rapid Transit System

The total number of registered motor vehicles in Lahore in 2005 was 1.2 million as compared to 0.5 million in 1998. The number has doubled in a period of nine to ten years. The city of Lahore amongst all the five big cities of Punjab has the highest annual vehicles growth rate of 16 percent.[…]

1,800 retired CDA employees to get plots

Islamabad: The Capital Development Authority (CDA) has announced allotment of around 1,800 plots for retired employees of the authority. On the demand of CDA Employees Federation, CDA Chairman Engineer Farkhand Iqbal has announced the allotment of 1,800 plots to the retired employees in Karri Sheher and Alipur Farash areas.Members of the federation talking to INP[…]

CDA set to sell off Margalla Towers plot

ISLAMABAD – The city managers are expecting best possible returns, at least equivalent to a hefty amount the Capital Development Authority (CDA) has paid to the families of victims of ill-fated Margalla Towers, from the sale of ex-Margalla Towers plot along with the leftover structure. As many as 23 firms have submitted documents of Expression[…]

Kuri Road Housing Scheme to be completed in 2014

ISLAMABAD – The Pakistan Housing Authority (PHA) has taken physical possession of 90.8 acres of land for its Kuri Road Housing Scheme, planned to accommodate government officers at Kurri Road. A payment of Rs.445 million has also been made to the Capital Development Authority (CDA) as cost of land, sources at the Ministry of Housing[…]

PHA’s Kurri Road Housing Scheme: PM to perform groundbreaking ceremony tomorrow

ISLAMABAD: The Pakistan Housing Authority (PHA), under the dynamic leadership of Federal Minister for Housing and Works Makhdoom Syed Faisal Saleh Hayat, has translated federal government officers’ dream of having their own home at retirement into reality as Prime Minister Yousaf Raza Gilani is performing the groundbreaking ceremony of Kurri Road Housing Scheme on February[…]

Alfalah Cooperative Housing Society Lahore

Alfalah Cooperative Housing Society (ACHSL) Lahore by Alfalah Bank Employees. The Society Alfalah Cooperative Housing Society is a bonafide housing society, duly registered with the Registrar Cooperatives, Government of Punjab. It is not a commercial venture, and has been established purely for the benefit of the members, on a self-help basis. The Society has been setup[…]

CDA to probe Park Enclave tendering process anomalies

ISLAMABAD – The Capital Development Authority (CDA) constituted a three member committee on Monday to look into the concerns about the tendering process of the Park Enclave Housing Scheme project. Pakistan Today learnt that the committee was formed following the questions raised by the Transparency International (TI), the Public Procurement Regulatory Authority (PPRA) and the[…]

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