Projection Estate Consultancy

The Lahore Development Authority (LDA) director general has instructed the department concerned to initiate development work on land acquired for LDA City, according to a press release issued by the authority. Land has been acquired in Moza Sidhar and Kahna for the project. The director general further asked for a print ad that will invite applications from renowned and well-reputed engineering firms and contractors, who are to help start development work in LDA City. In addition, he also ordered the fast track completion of the society’s main gate on Ferozepur Road near Gajju Matah.

Four projects to supply water to the twin cities of Rawalpindi and Islamabad have been postponed due to the shortage of funds, reports a news source. According to details, these projects include three proposed dams and a water channel directing water supply from Neelum (Jhelum) to Islamabad via Murree. Reportedly, development work on all of these projects cannot be initiated in the fiscal year 2017-18. The deferred projects were to fulfil the water requirements of the twin cities for the next 100 years. The estimated construction cost of these projects has increased many folds due to constant delays, and the chances of initiating development work on them in the next two years also looks bleak, the report further reads.

The Rawalpindi Ring Road (RRR) project’s preliminary design has been prepared, while the project survey has also been completed, according to a news source. According to the new design, the project will have five interchanges. Reportedly, the National Engineering Services Pakistan (NESPAK) presented the design to Rawalpindi Development Authority (RDA)’s engineering department on Friday, according to which, a sixth interchange may also be added. The estimated cost of the project lies between PKR 35 to PKR 40 billion. NESPAK is bound by contract to give the project’s final design to RDA by May 31.

The expansion of the Islamabad Expressway is one of the most important projects undertaken by the Capital Development Authority (CDA). Delays have been causing problems for commuters, but it seems that the authority may have found some help. When it was conceived back in 2007, the project aimed to fix the existing – and future – traffic issues. Also called the Signal-free Corridor, the path connects Zero Point in Islamabad to Rawat on the Grand Trunk (GT) Road, offering a wider route to traffic entering and exiting the city. The 28-kilometre long and five-lane-wide signal-free corridor was to be completed in four phases. The avenue between Zero Point and the Gulberg-Greens Interchange was completed during the first two phases. But the patch between Rawat and Gulberg-Greens Interchange is facing delays, and causing problems for commuters. Following in the footsteps of Gulberg Islamabad, the Defence Housing Authority (DHA) and Naval Anchorage have volunteered to construct dedicate

The question is interesting and has found its place amongst the many other questions that many of us have been asking about Bahria Hills. For those of you who don’t know, Bahria Enclave II had been cancelled in 2014 after the developer failed to secure all necessary approvals from the Capital Development Authority (CDA). File owners who had invested in the project have since then been looking for a solution to their problems. Many of them were adjusted in Bahria Enclave I, some sold off their files, and some are still waiting for a safe exit. Recently, Bahria Town announced three new projects for Islamabad. The developer created quite a bit of suspense about the projects, causing many investors to stand up and take notice. What is interesting about this development is that the location of one of the projects, i.e. Bahria Hills, which is more or less the same as that of Bahria Enclave II. many of those who still own Bahria Enclave II files are busy sorting the matter

Aujla Associated, the same people who have previously delivered University Town and Canal View Housing Scheme, is developing Royal Palm City. It is a trusted name that delivers what it promises, which makes this a must-have project for investors and homebuyers. Let’s talk location The project is located off Main GT Road, near Chan Da Qila, right opposite Citi Housing Gujranwala. At present, it has no direct link to the GT Road, but that will soon change. In order to connect the project with the GT Road, the construction of an underpass has been included in the project’s master plan. Once completed, this underpass will serve as the main entrance to the society. In addition, the famous Al-Karam Marriage Hall and a railway track are located right behind the project. In terms of size, Palm City’s management claims that society will span over 4,000-kanals of land, all of which has been required. According to my sources, the developer is acquiring more land, so Royal Palm City is s

The Platinum Enclave will be located in New Lahore City’s Phase II, and has on offer 5- and 8-marla residential plots, which can be acquired on four-year instalments. You can book a plot in Platinum Enclave by paying a 20% down payment. And if you pay the full amount in one go, you can avail a discount of 10% on the total amount payable. Plot Type Total Price Down Payment 48 Monthly Instalments Four Annual Instalments 5 Marla PKR 2,200,000 PKR 440,000 PKR 27,500 PKR 110,000 8 Marla PKR 3,500,000 PKR 690,000 PKR 42,500 PKR 192,500 The payment plan spans four years, which means that the developer will probably complete the project within this timeframe. According to a source, the Zaitoon Group has already acquired the required land for the project. Moreover, even though the Lahore Development Authority (LDA) has approved the project, the master pla

DHA Lahore’s Phase VIII  has a lot to offer, but prices are seeing a continual dip. It has a location like no other, it is the only phase that is accessible from four interchanges of the Lahore Ring Road (LRR), and the Allama Iqbal International Airport is located at only a few minutes’ drive from the phase. So the drop in property value is confounding, to say the least. The Defence Housing Authority (DHA) had announced possession for all blocks of the locality (except Block X) on December 29, 2016. However, the list of blocks ready for possession was rolled out on March 15, 2017. Since then, property values in the phase have seen a drop of PKR 1,000,000 to PKR 1,500,000. The question remains: why? To start with, prices in the phase increased artificially because of a massive influx of investors. Many investors from across the country invested in the phase and they actually secured notable returns on investment. Now these investors are exiting the phase, which has resulted

About one month ago, an unverified document was extensively circulated among concerned groups of real estate agents and investors. The document read that  Bahria Town is looking to adjust those affected  by delays in Bahria Town Lahore’s Sector F in  Bahria Town Karachi  (BTK). With slight amendments, a similar notice is now pinned to a notice board in Bahria Town Lahore’s main office in Bahria Orchard. At the time it was first released, some had claimed that Bahria Town had put out the document as a feeler to see how Sector F file owners would respond if such an offer existed. Sector F has been a source of constant frustration for file owners since the last few years. Some of these file owners have also been  staging protests  regularly to pressurise the management. Due to their persistent demonstrations, many file owners were adjusted in other Bahria Town blocks and projects in Lahore, and some were also offered their cash back. However, many file owners are still waiting for a

Bahria Town Karachi (BTK) will be launching a new project soon, i.e. Bahria Paradise. Initial details about the project were disseminated through registered Bahria Town dealers on April 10. The project comes at an interesting time since DHA City Karachi (DCK) only recently launched a new deal. Both the projects offer strong property options, and both are names that are well known in the market. It remains to be seen how investors react. According to registered dealers, the pre-booking for Bahria Paradise has started and there is already an asking profit of PKR 100,000 to PKR 200,000 on these plots and villas even though the project has not seen an official launch yet. I got in touch with Bahria Town and found out that the developer is indeed looking to launch the project by the end of this month. While some of my sources have suggested that the project will be launched on April 27, Bahria Town’s management remained mum on the exact date. What’s on the menu  the Bahria