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Pakistan Property News & Trends

Jinnah Hydropower Project begins test run

LAHORE: The first unit of the 96MW Jinnah Hydropower Project, which was hit by heavy flooding in 2010, has been put on a 15-day trial commission this week. The project, a run-of-the-river scheme, is located on the River Indus adjacent to Jinnah Barrage in Mianwali district. The overall completion of the project, expected by mid-2012,[…]

CDA starts auction process

ISLAMABAD – Keeping the tradition alive of auctioning the plots to overcome financial crisis, the Capital Development Authority (CDA) began auctioning residential and commercial plots in posh areas of Islamabad on Monday. However, sources in the CDA said it was difficult for the civic body to get rid of the financial crunch through auctioning process,[…]

CDA residential plot auction receives positive response

ISLAMABAD: The Capital Development Authority (CDA) got a resounding response from the public on the first day of the CDA grand auction of residential plots, which began at a local hotel on Monday. The two-day auction announced by the CDA was meant for residential as well as commercial plots and would continue from 1000 to[…]

Land awarded: LDA allots land for two new hospitals

LAHORE: The Lahore Development Authority (LDA) has allotted two chunks of land to the Health Department for setting up two hospitals. The LDA’s governing body met on Monday and decided to allot 50 kanals and 14 marlas for a 300-bed hospital near the Matches Factory on GT Road, Shahdara; and two acres and eight kanals[…]

Illegal Construction: LDA demolishes 9 structures

LAHORE: The Town Planning Wing of the Lahore Development Authority (DHA) demolished nine structures in Johar Town and Allama Iqbal Town on Saturday for violating building bye-laws. Another structure was sealed. Five commercial buildings were demolished completely and two partially in Johar Town and two partially in Allama Iqbal Town.

But we don’t WANT a plot in your LDA City

LAHORE – Pakistan Muslim League-Nawaz President Nawaz Sharif’s residence in Raiwind on Sunday was rocked by a massive protest demonstration, never witnessed in past, against launch of the ‘LDA City’, a new mega housing scheme being initiated on instruction of Punjab CM Shahbaz Sharif and executed by LDA DG Abdul Jabbar Shaheen in couple of[…]

Canal Road closure causes traffic mess

LAHORE – The Southern parts of Lahore remained clogged with traffic all day on Thursday, mainly due to the ongoing rehabilitation work on the Canal Road. The Lahore Traffic Police failed to manage the traffic in the areas under construction and the traffic almost stopped when the power supply to traffic signals was stopped for[…]

CDA promises to hand over possession of plots in eighteen months

Islamabad: Capital Development Authority (CDA) Chairman Farkhand Iqbal, along with Prime Minister’s Task Force on Islamabad Chairman Faisal Sakhi Butt, Thursday performed the ground-breaking ceremony to launch development work in the delayed sector of I-11 Islamabad. The CDA chairman, who in his recent press conference announced that he would focus on starting development work in[…]

Bahria Town gets recognition beyond borders

Islamabad—Bahria Town, Asia’s largest private real estate developer, has been making waves recently not only within the territories of its home country but the efforts are also being realized globally. International media like CNN, Newsweek, LA Times & Euro Asia Industry have all recognized Bahria Town’s achievement. Over a decade, since its inception, Bahria Town[…]

LDA auctions eight mortgaged plots

LAHORE: The Lahore Development Authority on Thursday auctioned eight out of the 26 mortgaged residential plots of Venus Housing Scheme against a sum of Rs. 22.4 million. Open auction of plots was held in LDA Community Centre, 239-A, NewMuslimTown. Auction committee of LDA comprising of Director Finance, Director Estate Management and Director of Land Development[…]

CDA to auction commercial plots

ISLAMABAD: Capital Development Authority (CDA) will auction commercial plots in busiest commercial centres of the federal capital to attract business community and international business firms for generating economic activity.

CDA not in a position to launch new sectors

ISLAMABAD – CDA Chairman Engineer Farkhand Iqbal on Tuesday said the Capital Development Authority (CDA) was not in a position to develop new sectors, adding that instead of developing new sectors, the civic body would complete the construction work in the underdeveloped areas “within days”. Addressing a news conference at the Jinnah Convention Centre, Farkhand[…]

Big developers warned against degrading environment

ISLAMABAD, Jan 1: Over a dozen housing societies, including the military-run Defence Housing Authority (DHA), are in trouble with the Pakistan Environment Protection Agency (EPA) for brazenly violating the environment laws of the country. Section 12 of the Environment Protection Act 1997 says no proponent of a housing project can commence construction, or operation, unless[…]

Rs 600b road projects underway in country

MULTAN, Dec 30 (APP): Federal Minister for Communications Arbab Alamgir said on Friday that road infrastructure upgrade projects worth over Rs 600 billion were underway across the country and their completion would promote trade-related activities. Talking to media persons after opening a Rs 1596 million Yusuf Raza Gilani flyover in the city, he said that[…]

CDA starts development work of Sector I-11

ISLAMABAD: Capital Development Authority (CDA) on Wednesday kicked of development work in Sector I-11 after getting the land in sector vacated. A meeting to this effect was held at CDA headquarters on Wednesday, which was presided by the CDA Chairman Engineer Farkhand Iqbal. The affectees of the area and senior officers of the authority participated[…]

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