CDA declares two housing schemes illegal

  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, …

Real Estate business is booming in Pakistan

UBS report predicts collapse of house prices in West Bahria Town says annual production capacity stands at around 350000 units against the demand of 800000 which provides better than ever investment opportunity  By Sabir Shah  Contrary to the situation in globally-renowned Western cities like Amsterdam, Toronto, London, Munich, Stockholm, Vancouver, …

A unique tale of land grabbing in Islamabad

Associated Press of Pakistan Residents of Sector I-8/2 of Islamabad, adjacent to a small market and the Abu-Huraira Mosque in street no 58 have expressed concern over the mushroom growth of graves and the lack of action by the Capital Development Authority (CDA) over the illegal graveyard. The practice started …

Low cost housing scheme in Islamabad & Karachi

A consortium of private builders and developers has launched the much-awaited low-cost housing schemes for the low and middle-income groups in Pakistan that are partially being financed by the World Bank. Various governments, including the current PML-N government, promised such housing schemes to the masses, but they never kept their …

When Pakistan real estate got a jolt

The realty sector, one of the major investment avenues suffered a huge setback in the middle of 2016 after the federal government decided to determine the fair market value of properties being bought and sold by people and collect taxes accordingly. The first six months of the calendar year were …

Paying a Premium to Live Safely in Lahore?

PR KARACHI, 5-DECEMBER-2016: Recently it has become official that Lahore is safer than Karachi when it comes to overall crime and city-wide safety. The findings come from a November 2016 report by Numbeo where the level of crime in Karachi is reported as a high 77.72 compared to 59.38 in …

Pakistan’s Tax Policy Scaring off Investors

KARACHI, 16 September 2016: Pakistanis living overseas are a key contributor to the real estate economy in the country but are recent tax changes discouraging these invaluable investors? After four years of acting like a bull, the real estate market in Pakistan appears to be cooling down, according to analysts …