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Pakistan Property News & Trends

No development in Sector E-12

ISLAMABAD, Feb 6: Leader of the house in Senate Nayyar Bukhari on Monday tried to shift responsibility of non-development of sector E-12 to former military government of Ziaul Haq. Replying to a call attention notice raised by Jamaat-i-Islami (JI) Senator Professor Khursheed Ahmed on the apathy of the Capital Development Authority (CDA) towards development of[…]

CDA directed to start development in Sector I-15

ISLAMABAD: Prime Minister’s Islamabad Task Force Chairman Faisal Sakhi Butt in a recent meeting directed the Capital Development Authority (CDA) to submit a workable solution and a time frame for the development of Sector I-15 to overcome shortage of housing units in the federal capital.

270 homes in Jumeirah to hit market soon

Jumeirah will see the release of 270 new housing units in the coming months as Dubai Real Estate Corporation (DREC) begins leasing for its Wasl Square project. The project, dubbed — the Jewel of Jumeirah — by the company, will have 140 apartments and 130 townhouses. The project will consists of 26 one-bedroom apartments, 114[…]

Land scandal of millions of rupees in Sector G-9

Islamabad—A scandal involving millions of rupees has been unearthed in Capital Development Authority’s (CDA) Section Estate Management-2 (Commercial). It was revealed that CDA has ceded a commercial plot number 29 situated in G-9 Markaz, which was cancelled in 1985, to an influential parliamentarian bringing loss of Rs500 million to the national exchequer. CDA sources said[…]

Gwadar Port Master Plan

To ensure future developments are carried out in an orderly, coordinated and planned manner, the Authority has appointed Artur D. Little (ADL), Malaysia, Lyon Associates, USA and Indus Associated Pakistan to prepare a Master Plan for the Port, the related infrastructure and the business plan for the port. The consultants assignment is to cover: Gwadar[…]

CDA ‘gifts’ over 106 acres of land

ISLAMABAD – In a scandalous move, Chairman Capital Development Authority (CDA) Engineer Farkhand Iqbal has surrendered Authority’s 850 kanals (106.25 acres) of precious land against none to a private land developer allegedly to facilitate vested interests.On Monday last, the Chairman CDA Farkhand Iqbal using his discretionary powers in the absence of CDA Member Planning and[…]

Islamabad G-7/2 bridge needs repair

Islamabad—The dilapidated condition of an over bridge in G-7/2 is a life risk for the inhabitants of the area. One of the locals told this news agency that Capital Development Authority(CDA) is keeping parts of Islamabad Capital Territory (ICT) in the Stone Age. CDA constructed the bridge to facilitate the people living in and adjacent[…]

CDA eyes Park Enclave development as ‘alternative’

ISLAMABAD – Losing all hopes to “make money” from the controversial LED lights project after Asian Development Bank (ADB) refused to provide soft loan to the Capital Development Authority (CDA) for the purpose, now those, who are designated by the PM to oversee the affairs of the CDA, are eyeing another project worth Rs 4[…]

CDA to resume construction on Potohari Village

ISLAMABAD – The Capital Development Authority (CDA) decided on Wednesday that the Potohari Arts and Crafts Village would be made fully functional and its maintenance completed faster. The decision was taken during a meeting regarding the village held at the CDA headquarters, presided over by the CDA chairman Farkhand Iqbal and attended by the CDA[…]

CMP: Master Plan includes relocating Civil Secretariat

LAHORE – An Integrated Master Plan has been formulated by the Lahore Development Authority to provide guidelines for the expansion and development of the City up to 2021. LDA Chief Metropolitan Planner Waseem Ahmed Khan, addressing a group of DMG officers on Wednesday, said that the plan comprised recommendations in all sectors of urban planning,[…]

LDA has a master plan

LAHORE – The Lahore Development Authority (LDA) has presented the Integrated Master Plan of Lahore 2021, to guide the expansion of provincial metropolis, keeping in view futuristic demands, LDA Chief Metropolitan Planner (CMP) Waseem Ahmed Khan said on Wednesday. The CMP was briefing to a group of 40 probationary officers of the District Management Group[…]

CDA fails to maintain main roads in Islamabad

Islamabad: The Capital Development Authority (CDA) might be facing severe financial constraints, but it does not cost too much to carry out maintenance of the existing road network. After paying no heed to plight of users of IJ Principal Road, which is ruining with the passage of each passing day, the civic body is also[…]

CDA involved in Rs500m plot scandal

ISLAMABAD: A plot scandal to the tune of millions of rupees has been unearthed in the Department of Estate Management-2 (Commercial) of the Capital Development Authority (CDA). It was revealed that the national exchequer was inflicted with a loss of Rs500 million because the CDA restored cancelled plot in 1985 on the pressure of an[…]

Dubai house prices set to slip 5% in 2012 – experts

Dubai’s real estate market is seeing “selective stabilisation”, with a pick-up in transactions expected early next year, Cluttons said on Tuesday. The real estate company said in a statement it has taken on 10 new staff “to meet demand in the New Year”, adding that prices were close to bottoming out in Dubai.

Kickback culture hikes service fees in Dubai, say experts

Dubai homeowners are bearing the brunt of inflated service fees caused by suppliers paying off developers to secure maintenance contracts at above-market prices, industry experts said. The kickback culture has seen some homeowners pay over the odds for services such as cleaning, landscaping and maintenance as developers favour companies offering bribes.

Govt asked to divert ATT to Gwadar port

KARACHI: The Gwadar Chamber of Commerce and Industry (GCCI) has urged the federal government to divert the Afghan Transit Trade (ATT) cargo handling to Gwadar port on permanent basis and initiate ferry service for intending pilgrims to Iran. GCCI President Mir Naveed Kalmati at a news briefing here on Tuesday said that the only way[…]

Defence power plant likely to fall under new management

Karachi: A leading international energy sector firm is likely to acquire management control of the long stalled Defence Cogen Power and Desalination Plant from its current private owners and arrange for funds to ensure its early rehabilitation. A meeting of Defence Housing Authority’s (DHA) Executive Board was informed that technical reports related to the recently[…]

Bahria Town Lahore Rates by eProperty 01-02-2012

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 -0.10[…]

General upkeep: DHA allots land in Ph VIII for graveyard

KARACHI: The Defence Housing Authority (DHA) is allotting land in Phase VIII for a graveyard after residents complained that existing cemeteries are almost filled. “I have given orders to my officials to make the land available. I can’t say anything about its location at the moment,” said Brigadier Aamer Raza, the DHA Administrator.

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