Projection Estate Consultancy

District Planning & Design Committee (DPDC), Rawalpindi has granted planning permission to Capital Smart City, Utility Corporation Society and Media Enclave, according to a news source. According to details, the developer of Faisal Hills has been asked to get clearance from the Taxila Revenue and Land assistant commissioner. To High Gate Hills Murree, DPDC has been instructed to get clearance from the Forest Department. Meanwhile, DPDC has said that the approved societies are not allowed to market these projects until their respective layout plan and engineering design is approved.

The Government of Balochistan has decided to digitalise all revenue and land records, and it has started with four districts initially, according to a news report. The process will be executed in phases. The Land Record Management Information System was launched to computerise land records in all parts of the province. According to details, the project is based on the Geographical Information System and it will provide an automated platform for land transactions. The project is meant to ensure transparency and efficiency in revenue and land records. Through computerisation of land records, the Baluchistan Board of Revenue expects a considerable rise in its revenue from tenancy and crop inspections.

The Foundation stone for Burj-Al-Gwadar was laid on May 7, according to a news source. A ceremony in this regard was held on May 7, in which Hilal-e-Ahmer Pakistan Chairman Dr Saeed Elahi laid the stone. Burj-Al-Gwadar Project Director Mian Athar brief Dr Elahi about the project. According to Ather, the twelve-storey tower will be completed in 3 years and it will feature a modern lifting car parking arrangements. The project will be completed with the assistance of Chinese experts. Top of Form

Park View City Islamabad is a housing project by the famous Abdul Aleem khan. He is the face behind two housing projects in Lahore: Park View Housing Scheme – which was later sold to the Defence Housing Authority (DHA) and is now a part of DHA Lahore’s Phase VIII Park View Villas – where possession is available in a few blocks and development work is yet to be completed in the remaining blocks. The soft launch of  Park View City Islamabad  was held on Tuesday. During the soft launch, the society was introduced to real estate agents and the payment plan was also rolled out. This is also the point where interest in the project began to grow. The project is located on Malot Road in Zone IV of the federal capital and its Phase I features residential 5-marla, 10-marla, 1-kanal and 2-kanal plots and commercial 5-marla plots. According to a society official, land has already been acquired for Phase I of the project and three more phases will be launched in the ti

Golf View Residencia (GVR) is one of the many Bahria Town projects in Lahore that have been the subject of controversy. The project has faced frustrating delays and there are different theories as to why. However, Bahria Town says that confusion about Lahore Ring Road (LRR)’s final route for the southern loop is the reason behind GVR delays. The development update Concerns about the delay in initiating development work in GVR have been addressed as Bahria Town’s machinery has been dumped at the site. At Bahria Town’s main office in Bahria Orchard, a notification is available, which reads that development work in GVR has been initiated and members can see the work in progress at the site. A little Background The project was launched back in 2013 and it featured 10-marla and 1-kanal residential plots on a payment plan spanning 2.5 years. The launching price of a 10-marla plot was PKR 3,100,000 and that of a 1-kanal lot was PKR 6,500,000. Over one and half year has passe

Located on Canal Bank Road in Lahore, PAEC Foundation Housing Project has been facing delays for many years now. The society’s management could not handover possession of property here, despite completing development work to a large extent. During 2013, there were many rumours that possession was on its way, but nothing happened. These rumours then resurfaced during 2016, but once again, no practical steps were taken to move towards possession. The real problem behind the delays was the supply of electricity. However, now there is light at the end of the tunnel. The Water and Power Development Authority (WAPDA) will finally supply electricity to the society, which means that possession will be granted here sooner rather than later. And what makes me believe that? WAPDA issued a demand notice to the society’s management for the supply of electricity, and the management has settled its accounts with the authority. According to a source, electricity wires have bee

Lahore: Lahore Development Authority (LDA) has granted permission for the preliminary planning of Model Housing, according to Model Housing Chief Executive Officer (CEO) Farhan Cheema. According to Cheema, a large chunk of land has been purchased for Model Housing, which will be developed as per the building bylaws set by LDA. He also said that engineering firms from Italy, Germany and Russia would be hired to develop the project.

Islamabad: The Capital Development Authority (CDA) has formally approved a plan to develop Pakistan Army’s General Head Quarter (GHQ) in Islamabad, according to a news report. The civic body has decided to handover 870 acres of land in Sector E-10 and D-11 to the army. According to details, residents in CDA sectors that lie close to the new GHQ’s location will be shifted to Sector H-16.  Reportedly, the decision to establish GHQ in Islamabad was taken back in 1972.

Islamabad: The imposition of the Capital Gain Tax (CGT) on immovable property has become a serious concern for provinces, according to a news source. The provinces believe that a higher percentage of CGT is main cause behind a reduction in the provincial revenue collected in the form of stamp duty and Capital Value Tax (CVT). According to details, the Punjab government penned a letter to the FBR, demanding that the authority roll back withholding tax collected under CGT, as it is against the law for the federation to collect this tax. The Punjab government has informed the FBR that the provincial revenue collected from the real estate sector has been affected because of the increased withholding tax and the new CGT collection regime. Reportedly, the new tax collection regime is the reason why the property transaction volume has dropped. Through this letter, the FBR has also been informed that the revenue collected from the property market has been continuously declining for th

Islamabad: The Capital Development Authority (CDA) has approved a plan to set up a modern prison in Sector H-16, according to sources. The prison will have facilities for sporting, boarding, and healthcare. It will also have residential quarters, educational and religious institutes along with a library. According to initial reports, the prison will span over 90 acres of land. The CDA has leased 435,600 yard 2   of land for this facility at a cost of PKR 720 million, for 33 years

LDA City, a project by the Lahore Development Authority (LDA), is being developed in collaboration with four partners. It has been embroiled in controversy because of various reasons in the past. Even a NAB case was initiated against the project, causing many to grow wary of whatever it had to offer. However, according to a society official, the case has been resolved. And it seems like the project is generating some buzz in investor circles. But should you invest here? Let me help break it down for you. The project is being heavily marketed in newspapers. In a newspaper ad published a few days ago, April 24 was promulgated as the last date to book a  plot in LDA City . Please note that these plots were offered on a lump sum payment and were limited in number. It was also marketed that the master plan and access road for the project were complete. However, the master plan has not been made public yet. On the other hand, the authority has recently rolled out a public no

Located opposite Bahria Orchard Phase I on Raiwind Road,  Bahria Orchard Phase IV  is a recently launched project by Bahria Town Lahore. The location of the project is impressive because it is situated near Adda Plot – an area where an interchange of the Lahore Ring Road (LRR) will be built. The good news is that Bahria Town is going to ballot plots in Bahria Orchard Phase IV on May 15. Dealers with open forms for plots have been instructed to submit these forms by May 15. Currently, 10-marla plots are being traded at a loss of PKR 100,000. On the other hand, you can become the owner of a 1-kanal plot by paying a profit of PKR 800,000 on the booking amount. Almost five hundred 1-kanal plots were launched in the locality, while the number of 10-marla plots was more than 2,000. The limited number of 1-kanal plots is one of reasons they are being traded at a profit. On the business side, different dealers are quoting different profit figures for commercial plots P

Islamabad’s DHA Valley has been the subject of many   controversies   for a while now. The project, which is a joint venture between Bahria Town and Defence Housing Authority (DHA), has faced delays due to several issues, including litigation, slow pace of development work and the fact that a large chunk of land bought for the project is in the line of fire because of the Dadhocha Dam. The Dadhocha Dam factor Dadhocha Dam is one of three dams that were proposed some years ago to serve as water reservoirs for Rawalpindi and Islamabad. According to a news report, the development of Dadhocha Dam, along with the other two dams, has been   deferred   due to a shortage of funds. Moreover, the development cost of these dams has increased significantly over the years, which is why funds for the projects cannot be made available for at least the next two year. . The news is indeed bad for the twin cities, which currently s