Tag: Real Estate

CDA Chairman Muhammad Ali Randhawa ordered the immediate issuance of plot possession in newly developed sectors to end allottee delays. Following a progress review, the CDA confirmed that road surfacing in I-12 will finish this month, while C-15 roads are due by March next year. To guarantee timely and quality work, the Chairman mandated field presence for officers and approved working groups to both accelerate development and upgrade older areas.

Malik Riaz-backed digital news platform Nukta laid off 37 Pakistani employees less than a year after its launch due to significant financial losses and a need to cut costs. The crisis directly stems from the severe liquidity crunch affecting the real estate tycoon sponsor, whose assets have been seized by the state to recover billions in fines, including a Rs 125 billion Supreme Court levy. Despite the company citing "restructuring" for the job cuts, Federal Minister Attaullah Tarar quickly intervened, announcing that the Ministry of IT and Telecommunication would provide jobs to all 37 affected employees.

RAWALPINDI: Following instructions from the National Accountability Bureau (NAB), the Rawalpindi Development Authority (RDA) is developing a new online portal for the public. This platform will allow citizens to verify the legal status of any housing scheme or individual plot—checking if it is approved, under process, or illegal—before making investments. NAB is integrating data from both the RDA and CDA to enhance transparency and protect consumers from real estate scams and unapproved developments.

The Pakistan real estate sector is moving towards greater professionalism. Eighteen, a luxury project, is leading this charge under new CEO Dr. Mohamed Mansour. Dr. Mansour's core mandate is to deliver the project with speed, precision, and quality, making construction excellence the absolute priority to reinforce customer trust. Key developments include a vital, dedicated slip road from the Srinagar Highway nearing approval. The project reflects strong investor confidence in Pakistan's growth, supported by the SIFC, and is exploring joint ventures with DHA. The mission: deliver faster and better to establish Eighteen as Pakistan's premier, reliable luxury community.

The Appellate Tribunal of the Punjab Revenue Authority (PRA) has delivered a landmark ruling that the outright sale of developed plots by real estate developers is not a taxable service for provincial sales tax.This decision overturns previous judgments by holding that the tax law's charging section, which applies only to the "lease, license or similar arrangements" of immovable property (where ownership is retained), prevails over the schedule listing the developers' service. Consequently, transactions involving the transfer of full ownership (sale) fall outside the scope of the provincial sales tax.

The Punjab government has announced a new plan to construct 57,000 affordable houses on government land across 21 districts. The project, which will be offered to eligible citizens on easy installment plans, is expected to be a joint collaboration with the World Bank and the private sector. The plan is awaiting final approval from the provincial cabinet.

The Capital Development Authority (CDA) has received federal cabinet approval to launch Margalla Enclave Phase II, a new housing scheme covering 83 kanals of land. Following the successful first phase with DHA, CDA will now seek a partnership with another government-owned developer for this new project. The initiative is being fast-tracked under public procurement rules, with the goal of expanding the housing scheme near Kuri and Humak.

Evacuated overnight, Din Muhammad now perches on his charpai beside the M2, watching Ravi’s floodwaters swallow his village—and even the gilded streetlamps of the half-built “New Metro City Lahore.” His wife mourns their best buffalo, once the family’s top milk producer, now likely lost in the rising tide.

Why Real Estate is Considered a Safe Investment Real estate has long been regarded as one of the most secure ways to invest money. For […]