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Pakistan Property News & Trends

Citizens can apply for Park Enclave housing scheme till July 30

ISLAMABAD, Jul 24 (APP): Citizens can apply for the newly launched housing scheme Park Enclave ‘Jewel of Islamabad’ by Capital Development Authority (CDA) till July 30.The housing scheme is the first of its kind gated community designed to change the concept of luxurious living and located near Chak Shehzad at the intersection of Park road[…]

Musharraf assets detail submitted in court

Rawalpindi—The Federal Investigation Agency (FIA) officials have submitted report about 1,000 square meters property of declared proclaim offender former President of Pakistan and leader of All Pakistan Muslim League (APML) Gen (retd) Pervaiz Musharraf in Singar Housing Scheme situated in Gawadar to the Anti-Terrorism Court (ATC).

Lowari Tunnel construction remains a distant dream

CHITRAL: The work on the Lowari Tunnel has stopped once again after the National Highway Authority failed to make necessary payments to the construction firm. Sambu JV, the South Korean company responsible for its construction, halted the work on the tunnel after it did not receive the required funds.

CDA board approves auction of six commercial plots

ISLAMABAD: The Capital Development Authority (CDA) has accepted the bids of six plots in its special board meeting, held at CDA Headquarters on Friday. CDA Chairman Imtiaz Inayat Elahi presided over the meeting in which all members of CDA Board and officers of the concerned formations of the authority were also present.

Land mafia rules the capital

Multiple nominations, complications force citizens to rush courts Over 2,308 cases registered at courts during 2010-11; majority from developing areas ISLAMABAD: On one hand cost of property in capital is running high and on other hand land mafia is in full boom for its vested interests causing land disputes to reach considerably high while the[…]

FIA submits details of Musharraf’s property

RAWALPINDI: The Federal Investigation Agency (FIA) on Saturday submitted the details of the moveable and immoveable property of former president General (r) Pervez Musharraf, in the Rawalpindi Anti-Terrorism Court (ATC) number 3, an accused in the Benazir Bhutto (BB) murder case. ATC Judge Shahid Rafique was hearing the BB murder case at the Adiala Jail[…]

Tamweel offers up to Dh5m loans to overseas home buyers

Tamweel, the Dubai-based Islamic mortgage lender, has entered the non-resident home loan market with the launch of two new financing products. The move, which makes Tamweel the first UAE lender to tap into overseas property investors, comes a month after the Government announced a new three-year visa scheme to overseas buyers of homes worth more[…]

CDA to operate mini-train for tourists

Islamabad: The Capital Development Authority (CDA) will operate a Mini Tourist Train in the federal capital soon to facilitate and entertain the visitors by providing them a unique travelling experience with onboard commentary about the city.

CDA auctions six commercial plots

ISLAMABAD: The Capital Development Authority (CDA) has sold six commercial plots located in different sectors of federal capital for Rs 1.57 billion however approval of CDA Board is compulsory for allotment of plots to the bidders.

CDA-Bahria Town nexus: A tale of two enclaves

ISLAMABAD: Instead of giving proper attention to the Park Enclave project which was launched amid much hype, the planning director of the Capital Development Authority (CDA) is busy “ensuring success” for the Bahria Enclave, it has been learnt. The latter is a housing project owned by an influential Realtor.

Media campaign against housing society

Court issues contempt notice to journalist ISLAMABAD: Civil Judge Shabana Hameed Mughal on Tuesday issued contempt of court notice to Urdu daily Jinnah’s Chief Editor Kushnood Ali Khan on application of Oil and Gas Development Company Limited (OGDCL) housing society for not abiding by court orders to stop media campaign.

NPF housing scheme: People asked to stay away

ISLAMABAD, July 19: In the backdrop of MNA Anjum Aqeel Khan’s arrest in land scam, the city managers have warned general public against selling and purchasing plots in the National Police Foundation (NPF) housing scheme in E-11, Dawn learnt on Tuesday. “We have cancelled the NOC and layout plan of the NPF scheme as it[…]

Dubai house prices seen declining another 20%

Investment bank Rasmala reckons a 20 per cent downside potential to property prices in Dubai, estimating that an additional 35,000 homes will be delivered in the emirate between 2011 and 2013 – boosting the existing housing stock of an estimated 330,000 units by about 10 per cent.

Half of Lahore kept out of commercialisation

LAHORE – The business community as well as the land developers of the provincial capital, while expressing their concerns over declaration of over 58 roads’ as ‘commercial’, have said the recently-developed southern parts of the city have once again been neglected.

Commercialisation of Lahore challenged

LAHORE, July 18: The government’s commercialisation of the entire Walled City of Lahore and over 50 other major roads and residential areas of the city was challenged in the Lahore High Court on Monday, with Justice Asad Munir issuing notices to the Lahore DCO and other concerned officials and departments to explain this “amazing decision”[…]

Daily Times sets up Land Investigation Cell

Daily Times has undertaken the responsibility to expose the land mafia and influentials working behind this gory business where innocent people have lost their life-savings. First in this regard will be Bahria Town’s looting spree, where people get files not plots in lieu of their hard earned money and where many have sought the help[…]

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