CDA Islamabad failed in regaining Land 118 Kanals from a Private Company.

CDA Islamabad failed in regaining Land 118 Kanals from a Private Company.

Previous Government handed over Margallah Hills Reserved Forest's Land of 118 Kanals and 14 Marlas to a Private Company named Park Line Estate Ltd illegally. 

After passage of seven months, CDA could not get back the above said land from the said firm. The land worth of Million Rupees was allocated on political basis.

Trend of purchase of houses in developed Housing Societies in Lahore increased manifold.

Trend of purchase of houses in developed and Modern Housing Societies of Lahore increased manifold.

Lahore:  Price of 1 Kanal Plot in Lahore increased from Rs. 18 Millions to 30 Millions. Besides Lahore, Other cities where all basic facilities (Gas, Water, Electricity, roads, sewerage etc) are available in Housing Societies, up trend is felt for purchasing houses.

In Lahore, such housing societies are DHA phase 6, Bahria and Lake City. According to market survey, price of 1 kanal plot in Defence is about Rs 25 to 30 Millions. In parallel to it, prices of 1 Kanal plot in above mentioned societies is about Rs 13 Millions.

As per statement of a developer, price of property is in firm position. However, there is a trend of increase in prices as well.

HASAN VILLAS, near Gulshan e Maymar, Karachi - a Project of single and one unit bungallows

HASAN VILLAS, near Gulshan e Maymar, Karachi - 

a Project of single and one unit Bungalows.

Price from Rs. 1.2 Millions

Boundary wall

Indoor games

School

Park

Play Ground

Mosque

Gymnasium

Squash Court

Modern Security System

Development work of roads in sector I-11, Islamabad is suspended due to non availability of Funds.

Development work of roads in sector I-11, Islamabad is suspended due to non availability of Funds.

Development work in CDA sector I-11, opened some 23 years earlier, is stopped due to two issues, non-availability of funds and non possession of the land. Thousands allottees are desperate and scared of this situation.

CDA awarded contract of construction of roads in I-11-1&2  for 

Rs.186 Millions with a dead line for completion of work as March 2013. There are two big problem: a) Afghan refugees have not been removed from I-11-1 and b)15 % land of sector I-11-2 is still in occupation of local populace.

Rawalpindi Development Authority (RDA) started work on suggestions for restoration of various roads under "LARGE CITY PACKAGE".

LARGE CITY PACKAGE - Rawalpindi Development Authority (RDA) commenced to do work for restoration of various big roads in different areas of Rawalpindi city.

These roads includes High Court Road, Adyala Road, Chak Beli Khan Road etc.  In the last year, Rawalpindi City was deprived of from large city package. Rawalpindi is included in this package. 

During this year, for annual development of 5 large Districts, an amount of Rs. 200 Millions is placed under large city package. Rawalpindi will get its due share from this package as well.

UNLAWFUL allotment of costly Residential Plots to high officers.

ILLEGAL ALLOTMENT OF HIGH PRICED PLOTS TO HIGH OFFICERS IS DISCLOSED BY AUDITOR GENERAL OF PAKISTAN'S REPORT.

Auditor General of Pakistan (AGP) pointed out the illegal allotment of 234 heavy priced plots to higher officers in Grade 22, on raising the issue of violation of MOU of Federal Government Housing Foundation. These officers were not eligible technically under Prime Minister Scheme and these officers were also owners of plots already.

In the report of 2012-13, AGP removed the curtain from hidden malign designs and disclosed that 9 officers, who had not applied for plot under the scheme and and they were already possessing plots from CDA / Federal Government Housing Foundation, were also given plots worth Rs. 140 Millions by violating the rules and regulations.

It is also told that 32 plots worth Rs. 270 Millions were given to those officers who were not entitled on the condition of age factor. It was due to not proper scrutiny done by the concerned authority.

Tax on all big housing schemes and bungalows is ready to implement.

Excise and Tax Deptt. of Govt of Punjab is committed to apply Property tax on all big housing schemes and bungalows.

Government of Punjab has prepared its plan to impose property tax on all big housing societies, Defence Societies, cantonments, and Luxury bungalows.

Authorities of Tax and Excise Deptt. told that plan of tax implementation on all big bungalows is at final stage. It will be implemented on big and luxurious bungalows without any discretion.

 As per approved law, Luxury Tax is as below:

Rs. 500,000/-:-       Bungalow with area 2 kanals but less than 4 kanals

Rs.1,000,000/-:       Bungalow with areas 4 kanals to but less than 8 kanals

Rs.1,500,000/-:       Bungalow with areas greater than 8 kanals

If any owner has paid the tax, the new owner of that bungalow will be exempted from tax.

It was hoped initially that there would be earning of Rs. 2.5 Billions from this tax. Experts say revenue can be more than Rs. 5 Billions if Law is implemented on a big scale.