Real estate

Pakistan Real estate news and information

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, […]

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 2

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 […]