Real estate

Pakistan Real estate news and information


LDA recommends ban on transfers in 89 illegal housing societies

The Lahore Development Authority (LDA) has sent a reference to the Lahore Metropolitan City and districts of Kasur, Sheikhupura and Nankana Sahib to impose a ban on transfer/transaction of property in housing societies developed illegally in violation of the Integrated Master Plan-2021. The authority has also complained to the police […]


Imran Khan forms committee to implement PTI’s 5 million housing program 1

Associated Press of Pakistan Prime Minister Imran Khan Monday sought within a week, a comprehensive and coherent plan of action for the materialization of PTI’s manifesto promise, for construction of low-cost 5 million houses to address the lingering issue. Chairing a meeting on the construction of affordable houses at the […]


Illegal possession of land by Bahria Town

NAB has irrefutable evidence The investigation team tasked with probing the illegal allotment of land to Bahria Town Karachi is confident that it has a watertight case against the real estate developer and the individuals who abetted illegal land transfers and swaps for it. The announcement came in a press […]


Limit for purchasable property raised

Finance Minister Miftah Ismail on Tuesday announced that the limit of purchasable property value for non-filers of tax returns has been raised from Rs4 million to Rs5 million. On April 28, the newly appointed finance minister had presented the outgoing PML-N government’s sixth full-term budget, following which the matter was referred to […]


RDA taking action against illegal housing societies

Associated Press of Pakistan Rawalpindi Development Authority has started pursuing strict policy to control illegal housing schemes in its jurisdiction besides sending letters to all the departments concerned including State Bank of Pakistan, District Collector Rawalpindi, Overseas Pakistanis Foundation, Police, Utility Service departments, DG PEMRA and Advertising companies in an effort to […]


Islamabad property audit

Federal Board of Revenue eyes jackpot in Islamabad property audit  In an exercise to determine the amount of money pouring into real estate investments in the federal capital, the Federal Board of Revenue has struck upon a surprisingly high number. Using data from the Capital Development Authority, the tax authorities have […]


CDA declares two housing schemes illegal 1

  cancels NOC of another three The Capital Development Authority’s (CDA) Housing Societies’ Directorate on Thursday declared two housing schemes illegal and cancelled no objection certificates (NOCs) granted to three others. The two housing schemes declared illegal by CDA’s Housing Societies Directorate are: Tele Town Housing Scheme, Mauza Gora Mast, […]