Property
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9754 housing schemes declared illegal by RDA
The ongoing crackdown on illegal housing schemes continues under the leadership of RDA Chairman Tariq Mehmud Murtaza along with Rawalpindi Development Authority...
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288
CDA starts construction work on flyover section of Bhara Kahu bypass
The Capital Development Authority (CDA) has started construction work on the flyover section of Bhara Kahu bypass project. The CDA’s contractor, National Logistics Cell (NLC)...
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201
RDA accelerates operation against illegal housing societies
The Rawalpindi Development Authority (RDA) has accelerated its operation against illegal housing societies on the directives of RDA Chairman, Tariq Mehmood Murtaza,...
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239
5,000 plots in Sector I-15 will soon be handed over to plot owners by CDA
Chairman Capital Development Authority (CDA) Captain (Retd) Muhammad Usman Younis has been informed that a total of 5000 plots in Sector I-15...
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1.2K
150,712 low cost houses under construction and 22,063 completed across Pakistan
Around 3,564 low-cost housing units of the Workers Welfare Fund (WWF) and 18,499 of the Akhuwat Foundation (AF) have been completed across...
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469
Sky Gardens housing scheme launched for govt employees along Murree Expressway
The minister for housing, Maulana Abdul Wasay, has inaugurated Sky Gardens residential scheme for the federal government employees along the Murree Expressway,...
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256
Steel prices drop by Rs 12,000 per ton amid construction sector’s demand dip
The construction sector got the good news after the domestic prices of steel products decreased below the Rs 250,000 per ton mark...
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197
11 plot files confiscated after CDA unearthed fraud in sector I-11
Following revelations that the land for these plots was assigned erroneously, the Capital Development Authority (CDA) has seized the allotment documentation for...
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289
$3.8 billion additional loan can be created for Pakistan’s mortgage finance market
The World Bank Group reveals that current and new housing finance players can produce an additional amount of $3.8 billion in loan...
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1.4K
Construction of 3 towers with 408 apartments underway at Naya Nazimabad in Karachi
Meezan Bank Limited (MBL) and Arif Habib Group (AHG) signed an agreement intending to jointly develop and sell apartment towers at Naya...
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267
SBP to issue the MPMG scheme with revised features by end August
Executive Director Development Finance Group (DFG) Mr. Samar Hasnain has reiterated that the Mera Pakistan Mera Ghar (MPMG) Scheme is not shut...
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374
Khyber-Pakhtunkhwa’s first eco-friendly housing scheme to launch in Bannu
The provincial government of Khyber-Pakhtunkhwa has decided to start a new housing scheme in district Bannu with the intention to provide local...
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4.2K
Farash Town scheme now renamed Nilore Heights with proposed luxury apartments
CDA revised PC-I and the scope of the Farash Town apartments scheme launched during the last year for the low-income people and...
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1.4K
22,063 low cost housing units completed & 150,712 under construction across Pakistan
Minister of State for Law and Justice Shahadat Awan apprised the Senate that a total of 3,564 low-cost housing units of Workers...
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284
Pakistanis are eighth-largest buyers of Dubai real estate this year
Dubai continued to be a prime target for real estate investors during the first half of the year as stockholders piled in...
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198
Foreign direct investment in real estate and construction sectors declined in FY22
The net foreign direct investment (FDI) in the real estate and construction sectors of the country has shown a decline in the...
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219
Construction of low-cost Kashmir apartments in Sector G-13 to restart soon
Ministry of Housing Secretary Iftikhar Ali Shallwani issued orders to the Federal Government Employees Housing Authority (FGEHA) regarding expediting efforts for restarting...
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338
Kohat Cement plans a 10MW solar power plant in Punjab
Kohat Cement Co Ltd (KOHC) has notified the Pakistan Stock Exchange (PSX) that the Board of Directors of the company has given a...
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272
Property tax imposed in budget to hinder growth of construction sector
Islamabad Chamber of Commerce and Industry (ICCI) President Muhammad Shakeel Munir said the government imposed new property tax through Budget 2022-23 on...
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986
Cement sales drop by 16% in May due to uncertainty and soaring inflation
A 16 percent drop in cement sales has been observed on a year-on-year to 3.32 million tonnes in May due to political...
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551
New tax on non-productive immovable properties cannot be challenged in courts
Asim Ahmad, Chairman of the Federal Board of Revenue (FBR), said that the ‘deemed income’ tax proposed in Finance Bill 2022 on non-productive...
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669
Work on Islamabad’s I-12/2 & I-12/3 sub-sectors started & it will finish in 15 months
The Capital Development Authority (CDA) on Thursday formally started the development work in the sector I-12 of Islamabad. The CDA is carrying out development...
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336
Pakistanis have more properties in Dubai than country’s forex reserves
Super rich Pakistanis have properties in Dubai that is worth more than the foreign exchange reserves held the the central bank of...
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240
Cement despatches fell by 28.6% to 3.52 million tonnes in April
Local cement sales remained depressed both in April and between July-April 2021-22 (10MFY22) because of unstable economic and political circumstances, as per...
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423
Salaam Estate and Builders the Real Estate Giants in Bahria Town Karachi
Mr. Saifullah is the CEO of Salaam Estate and Builders and he is always welcoming people to his prosperous platform. Being regarded...
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838
PTI promised five million houses but constructed only 59,000 housing units
Only around 59,000 housing units have been worked upon across the country out of which 20,000 have been completed so far under...
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1.1K
How to check property ownership in Pakistan online
For many years, it was difficult to determine who owned the property. There was no way for consumers to check online property...
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472
FBR reduces property valuation rates of immovable properties in 40 cities
The Federal Board of Revenue (FBR) on Thursday revised property valuation rates of immovable properties in 40 major cities of the country. In 2016,...
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1.2K
Government to give housing loans to non-gazetted employees, overseas Pakistanis
The government is looking forward to organising housing loans for lower cadre non-gazetted employees benefitting them from the Naya Pakistan Housing Programme...
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648
PM Imran pays surprise visit to low-cost apartment project in G-13 Islamabad
Prime Minister Imran Khan expressed his annoyance over the Federal Government Employees Housing Authority (FGEHA) due to the slow pace of work...
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1.1K
20,898 low cost housing units completed in Pakistan since 2018
Since 2018, a total of 161,924 low cost housing units were approved, out of which 45,191 units are under construction and 20,898...
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1.3K
CDA to build mega Gandhara Triangle Project opposite Sector B-17
The Capital Development Authority has decided to launch Gandhara Triangle Project along with the G.T Road with the focus to earn revenue. In this...
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1.8K
Park Enclave Heights with 6,000 luxury apartments planned for overseas Pakistanis
The government is all set to launch residential project namely Park Enclave Heights for overseas Pakistanis in order to attract about $2...
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660
FBR announces fair market value of immovable properties in Islamabad
The Federal Board of Revenue (FBR) has announced the new fair market value of immovable properties of Capital areas. The announced value is lowered...
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532
Housing and construction finance jumps 85% to Rs 355 billion in 2021
Housing and construction sector finance by banks increased by an unprecedented 85 percent or Rs 163 billion during the year 2021. According...
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1.0K
Around 45,000 low-cost housing units under construction across country
Around 45,000 low cost housing units are under construction across the country under Naya Pakistan Housing scheme including Punjab peri-urban housing project....
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618
18,418 low cost houses and 12,400 apartments to be built in Islamabad
At least 18,418 low cost houses are going to be built in federal capital Islamabad, NAPHDA and WWF collaboratively going to work...
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786
Real estate market main pillar of Pakistan’s economic growth in 2021
As the last year proved to be devastating for a number of segments of economy, from which a handful of areas showed...
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510
Chinese B2B platform Global Building Material to invest $50 million in Pakistan
Global Building Material (GBM), a Chinese internet-based B2B platform, has announced plans to invest $50 million in Pakistan. GBM will open its...
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823
Banks disburse Rs 23.5 billion low-cost housing loans in 5MFY22
Disbursement of low-cost housing loans jumped by 80 percent to Rs 23.5 billion in the first five months of the current fiscal...
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583
FBR hikes property valuation rates by 100% to over 600% in one go
The Federal Board of Revenue (FBR) has increased the immovable property valuation rates in 40 major cities by 100 to 600 percent,...
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959
SBP hikes housing exposure limit of banks to 25%
The State Bank of Pakistan (SBP) has increased the limit of banks’ exposure to housing and construction to 25 percent from 15...
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1.6K
KP govt approves establishing New Peshawar City with over 90,000 houses
Khyber Pakhtunkhwa government is planning to construct over 90,000 housing units in what is named New Peshawar City spread over an area...
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527
Prices of steel increased as international costs surge
The increased costs of steel products in domestic and international markets led the Federal Board of Revenue (FBR) on Monday to raise...
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472
Construction cost elevated by almost 40 percent to hit a new high
There has been an extraordinary upsurge in the cost of energy and petroleum products and high market demand, resulted in the increase in the...
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361
Cement sales declined by 9.07 percent in October
Despite the fact, the present government has given big incentives to the construction industry, cement sales came down by 6.68 percent during the first quarter of the current fiscal year as...
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994
Construction activities under Naya Pakistan Housing Program created 250000 jobs
Prime Minister Imran Khan on Thursday said that 250,000 jobs have been created so far in the country since the construction activities...
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480
UAE-based Vision Tech launches digital real estate platform Shaariq.com in Pakistan
Vision Tech, a UAE-based tech company, has announced its ambitious plan to invest big in the Pakistan real estate sector. The company...
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524
Punjab issues 22 NOCs for setting up cement factories
22 no-objection certificates (NOCs) have been issued by the Punjab government to set up new cement factories while ensuring that no more...
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438
SBP package for housing sector will primarily help big builders: report
The State Bank of Pakistan (SBP) incentive package for construction and housing sector would help achieve financing targets of influential builders for...
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619
Banks okay Rs 59 billion loans under Mera Pakistan Mera Ghar scheme
According to the statement of State Bank of Pakistan, issued on Wednesday, more than Rs 59 billion have been approved for disbursement under...
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624
KP govt recovers 4,100 kanals land worth Rs 60 billion from encroachers
At least, Rs 60 billion worth of 4,100 kanals government land has been recovered from encroachers by the Khyber Pakhtunkhwa (KP) Board of Revenue...
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672
Five commercial zone plots auctioned for Rs 21.5 billion in Lahore
Five commercial plots for Rs 21.588 billion have been auctioned in Lahore after it received the highest bid price from four groups. ...
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1.3K
KP govt to launch two new housing schemes in Peshawar, Mardan
The government of Khyber Pakhtunkhwa (KP) is all set to launch two new housing schemes in Peshawar and Mardan districts in the next two...
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629
FATF conditions: Realtors to share credentials of buyers, sellers with FBR
The Federal Board of Revenue (FBR) has instructed realtors and builders to exchange the details of potential buyers and sellers of properties...
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826
Roshan Apna Ghar scheme launched for overseas Pakistanis
The Roshan Apna Ghar scheme for overseas Pakistanis has been launched, will help the country to attract a lot of money. On Friday, Prime Minister...
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713
Construction of 7,000 units completed under PM low-cost housing scheme
The Prime Minister Low Cost Housing Scheme, launched by the ministry of housing and works, provides qualified families with financial help up to Rs 5000,000...
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723
Employees housing body to scrap quota of journalists, doctors, lawyers in future
The Federal Government Employees Housing Authority (FGEHA) is going to end quota system for lawyers, doctors and journalists in the upcoming housing schemes....
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1.1K
150 high-rise buildings under construction in Lahore
Around 150 high-rise buildings are under-construction currently in Lahore under the Lahore Development Authority (LDA). While speaking to the media on Saturday, the...
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743
Heavy rains, Eidul Azha hit cement demand in July
The construction activities slowed down in the month of July due to the heavy monsoon and the Eidul Azha, accordingly, the local and international...
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604
Rising house rents prop up inflation in 2020-21
The State Bank of Pakistan (SBP) on Monday issued its Inflation Monitor for June 2021 declaring house rents as prime contributor following...
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524
Housing and construction finance up 75 percent in FY21
The housing and construction finance in FY21 has seen an increase of Rs 111 billion or 75 percent to reach Rs 259...
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727
Here is how to digitally market your real estate business?
The world has become a global village, and all businesses have taken advantage of social media to broaden their reach. Real estate...
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1.4K
Pakistani investors pump billions into Dubai’s real estate in 2021 alone
Pakistani investors have pumped in 1.2 billion dirhams (Rs 51,685 crore) into real estate market of Dubai over the past five months....
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527
Real estate sector rejects new 20 percent gain tax on property
The Real Estate Agents Association (REAA) and the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) have rejected the new proposed...
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929
Ary Laguna DHA City Karachi starts balloting and booking
With a man-made coastal community giving a unique lifestyle option and a strong lifetime investment, ARY Laguna DHA City Karachi is destined...
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702
SBP amends banking regulations to boost investment in real estate
The State Bank of Pakistan (SBP) has reduced the risk weight of banks/DFIs from 200 percent to 10 percent on their investment in units of Real...
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1.0K
PM Imran inaugurates low-cost apartments for labourers in Peshawar
Prime Minister Imran Khan initiates the distribution ceremony of 2,056 low-cost family apartments among the citizens of Peshawar. On Wednesday, the premier inaugurated...
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636
Swat hoteliers claim tourism ban to hit over 30,000 families
Swat hoteliers have shown concerns over the complete lockdown to be imposed from May 8 to May 16, claiming that the tourism...
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496
PM inaugurates Jalozai housing scheme for low-income group in Nowshera
During the visit to Nowshera, Prime Minister Imran Khan inaugurated Jalozai Housing Scheme for the low-income group. Prime Minister said that the...
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783
Real estate industry in panic over new FBR measures for FATF compliance
Real estate agents have been told by Federal Board of Revenue (FBR) to file Suspicious Transaction Reports to Comply with FATF Regulations. Pakistan has been...
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880
More than 7,500 poor families given Rs 3.35 billion in loans to construct homes
A total of 7572 poor families, so far, have been chosen to have their homes under PTI govt’s home financing scheme for...
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1.8K
Developer in Gujranwala is building a replica of Paris
A Pakistani developer with his Le Paris Housing Scheme is planning to build a replica of Paris outside the city of Gujranwala,...
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1.2K
Bank Alfalah, Zameen.com join hands to offer home financing in Pakistan
Bank Alfalah signed a Memorandum of Understanding (MoU) with Zameen.com, a Pakistani property portal, in order to provide a platform with a...
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1.2K
PAC asks CDA to apply ‘Bani Gala model’ to legalize illegal societies
The Public Accounts Committee (PAC) has recommended the Capital Development Authority (CDA) to implement the Bani Gala regularization model in order to...
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1.2K
SBP launches complaint resolution portal for housing customers
The State Bank of Pakistan (SBP) has introduced a portal for complaint resolution to promote affordable housing in the country. The launching...
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1.2K
Guide to Real Estate Investment in Pakistan
Real estate is Pakistan’s most profitable investment segment and for all the right reasons. Real estate comes with several advantages, unlike other investment and...
