Qurtaba City Islamabad

Qurtaba City

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Qurtaba City

The developers of Qurtaba City centered their vision on togetherness, unity, and Islamic societal ideals. It is a city based on ethnic and religious ideas, with an Islamic & educated atmosphere for its residents. It is a one-of-a-kind housing project in Pakistan that encourages Islamic principles and culture while also providing modern amenities and a tranquil setting.

History

The creators of Qurtaba Metropolis drew inspiration for the town from the historic Spanish city of Qurtaba. The city once identified as Qurtaba has been renamed “Corodoba” in recent times. Qurtaba city was a foreshadowing in progress in the seventh century, fabricating world-renowned geniuses, designers, medics, and scholars. Qurtaba City was also responsible for the notion of street lighting, pavements, and footpaths. The city also introduced indoor toilets for the first time in Qurtaba City.

Developers

The city of enlightenment and peace Qurtaba City is a progressive step by Madinatul-Ilm. It is a no-profit, no-loss corporation registered with Pakistan’s Securities and Exchange Commission. The growing divide between cultures and religions will necessitate a demonstrated answer presented by Islam in the near future to assist the world in a humane place to live. Their motive is to offer a space where the Muslim community can thrive by providing state-of-the-art education and research facilities.

Madinatul-Ilm

Madinatul Ilm is a non-profit organization registered with Pakistan’s Securities and Exchange Commission under section 42 of the Companies Ordinance 1984. The company’s founding members include well-known scholars, businesspeople, and public figures in the country who perform a significant position for a centered culture of the country, both inland and overseas. The owners established the organization on the belief that a tangible representation of Islam’s social and societal ideals is required to keep the world a humane place to live. They will reach this goal by establishing an autonomous city based on Islamic social principles of fairness and fraternity while also providing state-of-the-art public services.

Location Map

Qurtaba City is nestled in the picturesque Potohar valley, among the two flowing rivers of Sill and Sawan, and nearby the stunning Khairi Moorat hills — about 45 minutes from Islamabad & Rawalpindi (off the Chakri interchange, Motorway, with its personal 100 ft. wide road joining it with the M2 network). Furthermore, the project is about 25 minutes near Islamabad International Airport. Rawalpindi Cadet College, Misali Public School, Govt. Girl Primary School, Govt. Girls High School, Sawan Muslim School, Govt. Boys High School, Islamic Public School, and several others are among the schools in the project’s area.

Qurtaba City location map

Malika Clinic, Fahad Dental Clinic, Qurtaba Hospital, and others are among the medical aid services in the area. The famous Zama Hotel, Subhan Restaurant, Mezbaan Family Restaurant, Rose Restaurant, Daewoo Rest Area, Fairy Meadows, and others are among the neighboring eateries. At the same time, notable stores in the area included Rahat Bakers, Al Photo Studio, Madina Plaza, and others. Qurtaba City is intended to appeal to people from all walks of life, with property prices maintained low to guarantee that everyone’s dream of possessing a home is realized. According to the Qurtaba City Islamabad geographical map, the project address is surrounded by natural surroundings. It is positioned on the Motorway Chakri Interchange, half an hour’s drive towards Hassall & Islamabad’s base city traffic. The iconic project is located near the Fateh Jang and Dhamial Roads. In addition, the new Islamabad International Airport will end up making the housing development much more desirable. Beautiful Potohar valleys border the location. The River Sill, which flows through the area, splits the project property, and it also feeds the gushing springs all around it.

NOC Status

Qurtaba City is among the few housing developments near Chakri Interchange that has received formal government approval. TMA Potohar Town is in charge of the region, and it has authorized the scheme and granted a No Objection Certificate (NOC) No. 105/TMO. All necessary NOCs and approvals from other authorities have been obtained.

Master Plan

The Qurtaba City Islamabad housing development divides the property land into zones according to the master plan. Each zone has all of the modern amenities needed for a decent existence. The project’s registration is now complete, with the NOC/TMO/105 approving the construction activity legally. The government has approved the single housing project on Chakri Road, even though the other residential scheme is not permitted to be built. The Qurtaba City Housing Scheme Islamabad provides 138, 272, and 500 square yard residential plots for purchase by cash or installment plan.

Qurtaba City master plan

Qurtaba City’s project plan includes 300ft, 200ft, 100ft, and 40ft (minimum) broad roadways. Underground power wiring work is underway to assure a continuous supply of energy. All additional amenities, such as a mosque, parks, schools, and a hospital, are planned. The 300-foot-wide gateway leads visitors to every part of the project property. The construction work of Qurtaba City’s Zone 1 is nearly complete. Each piece of the project includes its mosque, but the Jamia Mosque in Phase 1 has been meticulously planned. The mosque is large enough to accommodate a significant number of Muslims attending prayers.

Also Read: Capital Smart City

Features

  • There are over 7000 Kanals in total.
  • RDA-approved, with all NOCs required
  • Plots of 138, 272, and 500 square yards are available.
  • 300 ft. long The main thoroughfare
  • On 200 Kanals, the Central Jamia Mosque is located.
  • On 872 Kanals, Qurtaba International University is located
  • Over 500 Kanals have been set aside for parks, lakes, and recreational purposes.
  • Space has been set aside for six-star hotels, offices, and riverside developments.
  • Housing Block Road Divisions are 100 to 200 feet wide.
  • Seventy Kanals have been set aside for a Women-Only Commercial Zone.
  • Safari Parks, Zoos, Theme Parks, Miniature Trains, Gift Shops, and other attractions have their designated areas.
  • Trade & Business Centers are housed in large, centrally placed spaces.
  • Electricity Wiring Underground
  • City Limits Wall
  • Along the roads, there are green belts & street lights.
  • Special Events/Occasions Community Club
  • Environmentally friendly design
  • Hospitals with cutting-edge technology
  • Servicing and coordinated security arrangements are available 24 hours a day,
  • Plants for Sewage Treatment
  • Systems for Solid Waste Management and Disposal

Blocks

Commercial block

Qurtaba City is a fully self-contained municipality. Homeowners of this community have access to all of the essential amenities and services available in the area. There will be marketplaces at the national and sectoral levels. Around the institution, a massive shopping mall and multi-story marketplaces are planned. These gigantic and well-equipped marketplaces will serve the city’s population and provide fantastic economic prospects.

Residential Block

Qurtaba City’s residential sector is well designed, and the architecture is a work of art. Every neighborhood has its mosques, school, park, and marketplace. A minimum of 40-foot-wide streets is given in addition to 300-foot, 200-foot, and 100-foot-wide interblock roads. The community’s underground energy system, footpaths, street lights, and green belts make it a one-of-a-kind piece of civic architecture. With plot sizes of 500, 272, and 138 square yards, it will appeal to people from all walks of life. Qurtaba City is a venture that aspires to realize everyone’s desire of owning a home, whether they are wealthy or not. This gleaming metropolis, designed with modern lines, is a picture of your aspirations and thoughts.

Amenities

Qurtaba City has cutting-edge facilities with outstanding design and architecture. Qurtaba City is provided with all essential and luxurious services in every area, such as schools, parks, hospitals, and markets, making it both pleasant and trustworthy for its residents. The land’s tranquility, brilliance, and elegance make it a perfect residential community for investment and living. It is a place wherein your desire to live a quiet life comes true, providing the ideal setting for your family.

Universities and Colleges:

The impact of education on a person’s character is essential. The lodge society’s founders maintain a high-quality school system of educational institutions that deliver the highest education possible. The housing association’s schools and universities save commuting times, save fuel, and save time.

Hospital:

Having a medical office nearby to one’s house is essential. QC recognizes reality and ensures continuous affluence for its residents by supplying a fantastic hospital and clinic facility with the most up-to-date & advanced advancements and equipment, which are cares for and functioned by experienced experts and qualified staff to ensure that residents end up receiving complete care.

Water treatment plant:

A high-end lifestyle needs high-end living quarters. As a result, the designers and organizers have centralized the purest source of water supply via the housing society’s water purification plant’s water treatment process.

Shopping malls:

Thanks to its unlimited retail possibilities, the neighborhood will emerge to be among the region’s key economic centers. The individual movement has been built into the ace layout of this outstanding society, which contains cutting-edge quality and smart commercial roadways in all social sectors.

The modern way of life:

The venture’s architecture is based on universal techniques for advancing to ultra-modern advancements and advancements. They also represent a modern way of life that has been meticulously crafted for the best results. The materials have a refined appearance, and the property meets international standards.

Parks:

The project’s designers intended to ensure that residents can live securely while maintaining a close and healthy relationship with nature. As a result, they constructed open leisure places. Families with children will have a pleasant time and enjoy life at these parks. These parks are designed to improve health, foster social connections, and protect the environment.

Infrastructure:

To ensure ultimate progress, the roadways established materials, and the designer constructed a new, one-of-a-kind framework with more talent and cutting-edge technologies. This is planned to be attained by recognizing the designers and architects who worked tirelessly to build a sophisticated residential neighborhood all through the construction and design process.

Security:

This housing adventure is located in a safe neighborhood with the most up-to-date security features. It is based on a boundary that successfully prevents unwelcomed entry into society. The entire thing is equipped with cutting-edge equipment and security personnel who are fully prepared to handle any incident or mishap that may occur. These guardians are positioned throughout the residence to maintain society’s harmony. To monitor all activities and establish a secure living environment, a system of CCTV cameras has been installed throughout the region.

Non-Stop Power Supply:

To prepare for future power failures, Qurtaba City has made sure that inhabitants of this private project are not inconvenienced in any way; standby power sources have been constructed locally to assure a smooth and steady power supply. As a consequence, the extension creates a zone that is entirely load-shedding free.

Electrical Wires in the Ground:

Designers have secured society’s beauty by supplying needed utilities such as underground power lines. As a result, the community is safe and delightful, even though the current lodging society projects a huge and unappealing image of old-fashioned lofts and swinging cables overhead.

Gas:

Gas is yet another essential necessity that every family demands. The community has installed a gas system in the residents’ homes, allowing them to enjoy a luxurious existence with all of the amenities and pleasures.

Community Center:

The organization presents itself as a fantastic community club for people to assemble at events & socialize, which could be a beneficial action. It will allow citizens to get to know one another, create ties, and build into a family that can help each other in moments of need.

International University of Qurtaba:

Qurtaba, a medieval Spanish city, was proud of its understanding of Islam and modern sciences. Qurtaba City, inspired by it, has a contemporary and well-equipped International University located in the heart of the community, which spans 872 Kanals (365,000 sq. meters.) The university structure itself would be a work of art and innovation that would go on to become a national hub for religious & modern studies. Specific topic departments, including Islamic Studies, Sociology, Medicine, and Engineering, will be housed in the blocks. Qurtaba University aspires to usher in a new generation of intellectual and professional Pakistanis. Students from all around Pakistan and other nations and faiths will be happy to be a component of this university.

Mosques:

Madinatul-Ilm has developed a well-integrated network of mosques to meet the sacred purposes of bringing forth and showing the basics of Islamic unity and consideration to promote religious education. The major Jamiah Mosque Qurtaba, which spans 190 Kanals (80,000 square meters) and is inspired by its historical counterpart, is richly designed and remarkably well organized, resulting in art and architecture. The beautiful green gardens surrounding the mosque, which is surrounded by the picturesque hills of Potohar, add to the magnificence.

Payment Plans

Residential and business plots are offered in Qurtaba City at reasonable prices. Residential properties are provided in Qurtaba city in sizes of 138, 272, and 500 square yards. You can reserve your plot by making a deposit and then paying the remaining balance over time.

Residential Plot in Qurtaba City

Residential Plot in Qurtaba City payment plan

Plot Size: 500 sq. yd.

  • Plot Price: 3,600,000
  • Down Payment: 900,000
  • 36 Monthly Installments: 75,000

Plot Size: 272 sq. yd.

  • Plot Price: 1,950,000
  • Down Payment: 500,000
  • 36 40,200 in monthly instalments

Plot Size: 138 sq. yd.

  • Plot Price: 990,000
  • Down Payment: 250,000
  • 36 Monthly Installments: 20,500

You can also look for payment plans of Taj Residencia

Status of Development

On the site, construction work continued. A total of 15 residences are now under construction, with documentation for building in the results. Block C and Block D are currently undergoing rapid development. In the meantime, a small gate near the highway, main entrance, and commercial plazas have been completed.

What are the Benefits of Investing in Qurtaba City?

QURTABA City is designed so that it allows its residents to seize and visualize their aspirations. Qurtaba City, with all of its modern amenities, is not only the answer to all of your ambitions but also a work of art in terms of exquisite design and architecture. All amenities, including mosques, schools, playgrounds, and markets, are easily accessible to inhabitants. The facility becomes unrivaled with inter-block highways ranging in width from 300ft to 200ft to 100ft, and housing streets not below 40ft, underground electricity, sidewalks, and green belts. This city was created to serve people from all walks of life, and it aspires to satisfy everyone’s desire of owning a home, whether they are wealthy or not.

There are numerous reasons why you must invest in this famous society; we’ll list a few below:

A Philosophical Society:

The movement of themed residential units is currently in the market; individuals are searching for a philosophy and a society of like-minded people who can meet all of their demands, and initiatives like give just that.

Riverside Development:

The potential riverside development along the banks of the rivers Sill and Sawan will not only add worth to the overall project. Still, it will also provide excellent commercial prospects for the working people at low prices.

Women’s Shopping Area:

A 70-Kanal shopping area has been designated exclusively for women, allowing them to shop for their favorite things without any problems or obstacles.

Range of Plot Sizes:

The society offers a comprehensive option of plot sizes in both residential & commercial zones, allowing potential clients to select from a massive selection of plots.

Affordable Prices:

It is one of the cheapest housing societies in the region, and even persons with poor or limited earnings can invest and expect a high yield on their investment.

Wide Entries:

The main entry complex is 300 feet wide, with a 100-foot wide private drive for convenient access from highway streets at least 40 feet wide.

Advantages and disadvantages

Advantages:

  • Excellent location
  • The Total Amount of Land Acquired
  • All permissions have been given.
  • The access road is exceedingly well designed and is 100 feet wide.
  • It is located near the Islamabad Airport on the main Chakri junction.
  • Simple Payment Plan
  • Work is still in progress.
  • Exceptional return on investment

Disadvantages:

  • Slow-moving development
  • The main gate is still under construction.
  • Commercial activity is low.
  • There is a lot of undeveloped lands.

Conclusion:

Qurtaba City Islamabad results from a search for a calm and pious atmosphere in which to raise children. The project was designed by Qurtaba City Developers, who took inspiration from the historic city of Qurtaba. Their main goal is to build an Islamic structure that promotes religious learning and heritage in Pakistan. The ancient city of Qurtaba is currently known as Cordoba and is located in Spain. The city, which Muslims ruled, established the foundations of contemporary science in the seventh century. Qurtaba City established numerous medical institutions and universities to develop scientists, architects, doctors, and intellectuals in light of history.

For more information please visit Estateland Marketing.

FAQS

Q 1: Who owns the city of Qurtaba?

Answer: Madinatul-Ilm is the name of the company that owns this famous housing community.

Q 2: Where can I find it?

Answer: It is located on the Chakri Interchange on the Islamabad-Potohar Valley Highway, about 25 minutes outside the Islamabad International Airport.

Q3- What is Qurtaba City’s NOC status?

Answer: The NOC for this project has been approved under the registration number NOC/TMO/105.

Q 4- What are the advantages of investing in Qurtaba City?

Answer: Qurtaba City is a master-planned residential development based on Islamic ideals and ideas. Natural beautiful vistas are included in the house project and all of the necessary and comfortable facilities.

Q5- What are the different types of plots offered in Qurtaba City?

Answer: Qurtaba City has a wide range of home and business plots available. There are three sizes available: 138, 272, and 500 square yards.

Q6- What distinguishes Qurtaba City from several other residential communities in the area?

Answer: The community is preferable to the others because of its fantastic location near Islamabad and Technol. Because of its proximity to the highway provides inhabitants with a unique level of travel flexibility, allowing them to drive wherever they want.

Q7- Does society supply basic life necessities?

Answer: Yes, it offers you all of life’s necessities.

Q8- How can I get a copy of the registration form?

Answer: You can pick up the form in person or download it from the office.

Q9- Does the city of Qurtaba have a UBL account?

Answer: Yes, it has a UBL account.

Q10- How much does a five-marla plot cost?

Answer: Take a look at the payment schedule provided above.

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PM Imran accepts the proposed LG law for Islamabad

PM Imran accepts the proposed LG law for Islamabad

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PM Imran Khan accepts the proposed LG law for Islamabad, which would allow the mayor of Islamabad to elect directly.  The number of union councils will also be increased from 50 to 100 under the new LG law. According to reports, the prime minister studied and approved the draught LG Act during a meeting. This LG law is imposed from now for Islamabad.

All three MNAs from Islamabad – Planning Minister Asad Umar, Special Assistant to Prime Minister on CDA Affairs Ali Nawaz Awan, Raja Khurram Nawaz – and CDA Chairman Amer Ali Ahmed – were present at the meeting.

The Act will be presented to the federal cabinet on Tuesday (today).Prime Minister Nawaz Sharif has stated that local government elections in Islamabad should be held as soon as feasible. They also stated that the elections would be held on a party-by-party basis.

The Supreme Court ordered the last local government elections in Islamabad in November 2015 after the federal government used delaying tactics. Local government elections in the capital should be held as soon as feasible, according to him.

In March 2016, elected the PML-mayor N’s and deputy mayor following the local government elections. However, the local administration, which the PML-N governs, was unable to deliver since the federal government did not pay enough attention. When the Pakistan People’s Party (PTI) came to power, it, too, refused to transfer any funds to the Metropolitan Corporation of Islamabad (MCI). As a result, in February of this coming year, the local government’s five-year term ended without any development activities. Even elected officials were not compensated for their services. Prime Minister Khan requested that the LG be granted full authority under the new system to settle public issues.

DURING THE DISCUSSION, the PM also emphasized the necessity for a unified mechanism to regulate buildings in the federal capital. In addition, he told the CDA to employ cutting-edge technology like drone cameras to keep an eye on encroachments. In Islamabad, the prime minister also ordered more great tree planting.

The CDA chairman briefed the prime minister on recent anti-encroachment operations and E-11 issues. Recently, this section experienced urban floods, which claimed the lives of a woman and her kid.

The prime minister was informed that Gen Ayub Khan’s then-president had exempted E-11 from the land acquisition in 1968, leaving the area neglected because the civic agency had never applied its ordinances there.

They advised the prime minister that cancellation of Ayub Khan’s order was necessary so that the CDA could enforce its regulations in the area and provide municipal amenities to residents.

Read more with EL news: Minister orders prompt completion of development schemes

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Minister orders prompt completion of development schemes

Minister orders prompt completion of development schemes

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Officials are directed to complete the development schemes for which funds have been released by September 15th. The Minister directs that development projects be completed on time.

Syed Zia Abbas Shah, the Sindh Minister for Works and Services, has stated that all ongoing development schemes should be completed on schedule and use quality materials in development projects. He placed a strong emphasis on quality assurance, emphasizing that quality should not be sacrificed at any cost. He made these remarks while chairing a meeting to assess the status of ongoing development projects in Sindh. He want those ongoing projects to complete as soon as possible.

Read more with EL news: Piling begins for the 7th Avenue Interchange project

According to Zia Abbas, the meeting’s goal was to strengthen communication between public representatives and the department. Minister Imran Atta Soomro was updated on the ongoing development projects by Secretary Works and Services Department Imran Atta Soomro. The details and status of these development projects are discussed in detail and attention to each project is given equally.

Thatta, Sujawal, Jamshoro, Sanghar, Umerkot, Mirpur Khas, Tharparkar, Tando Muhammad Khan, Dadu, and Tando Allahyar, according to Soomro, are working on various development projects.

Read more with EL news: The Margalla Hills encroachment operation by the CDA is now complete

The minister directed the appropriate officials for completion of schemes for which funds have been released by September 15, and the projects for which 50% of the funds have been released by December 31, 2021.

Syed Zia Abbas Shah further stated that they should implement the development projects approved in the current fiscal year’s budget as soon as possible. The Minister directs that development projects be completed on time and the deadline for meeting this is September 15.

Read more with EL news: They would finalize the Lahore master plan in conjunction with the LCCI: LDA VC Imran

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New Housing Schemes in Islamabad 2021

New Housing Schemes in Islamabad 2021

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New Housing Schemes in Islamabad 2021

In the year 2021, several modernistic new housing schemes have sprung up in Islamabad. Every citizen’s desire of living close to the Federal Capital has been realized thanks to the efforts of renowned developers and venture designers. The goal has always been to provide excellent service, cheap accommodation, and secure environments.

The following are the new housing schemes for Islamabad in 2021:

  • Nova City Islamabad
  • Discovery Gardens Islamabad
  • Multi Gardens B17 Islamabad
  • Mumtaz City Islamabad
  • Naya Pakistan Housing Scheme
  • Eighteen Islamabad

Nova City Islamabad 

The Nova City Developers are launching a new project in Islamabad called the Nova City. They are well-known for developing high-quality frameworks and have previously completed several successful projects. Furthermore, the owners are industry leaders in Pakistan for technology and innovation-based schools under the brand “Nova City Schools.”

Nova City Islamabad has given careful thought to locating its housing complex in a suitable and accessible area. The lodging company plans to build a separate entrance on the Rawalpindi Ring Road to make it more accessible from all directions in the city. Islamabad, the new city, is placed between calm and contemporary infrastructure, signifying that the society is prepared to provide peace to its residents. Moreover, it takes significantly less time to approach the New Islamabad International Airport.

Discovery Gardens Islamabad

The Discovery Gardens Islamabad is another fantastic new housing scheme set to open in Islamabad in 2021. It is a collaboration between the Falaknaz Group and the ABAD (All Pakistan Builders Association). Since the 1970s, both of these companies have been delivering high-quality projects. They want to give a luxurious lifestyle while preserving nature’s beauty for people to admire and enjoy.

Discovery Gardens Islamabad is strategically located to give residents easy access to all of the region’s commercial, economic, and social hubs. It’s near the New Islamabad International Airport in Mouza Mujahid, on the main Islamabad-Lahore route. The lodging society is located 5 minutes from the Thalian Interchange in Islamabad and 3 kilometers from the Rawalpindi Ring Road. The housing complex is located on the CPEC Route’s eastern side.

Multi Gardens B17 Islamabad

It would be impossible to discuss new housing scheme in Islamabad 2021 without mentioning the Multi Gardens B17 Islamabad. It is a forward-thinking housing development created with the sole objective of delivering an exuberant environment of technical marvels, world-class services, and excellent lodgings. Being a CDA Sector gives it a competitive advantage. Islamabad Gardens, one of the housing scheme’s early constructions, opened in Sector E11/3 in 1989.

The B-17 has a great location in Zone II of the Islamabad Capital Territory. The housing complex is between the GT Road and the Peshawar-Islamabad highway on one side and the GT Road on the other (M-1). Apart from the development scheme, the Margalla Hills are stunning. Moreover, the region is close to the Islamabad International Airport and housing societies like Blue World City and University Town Islamabad.

Mumtaz City Islamabad

Mumtaz City Islamabad epitomise opulence, technical infrastructure, and luxurious facilities. Mumtaz Construction Company (Pvt.) Limited is in charge of the project. Mumtaz Construction Company (Pvt.) Ltd. (MCC) is a Pakistan Engineering Council (PEC)-accredited civil engineering firm with certifications in category “A,” “No Limit,” and “ISO 9001-2008.” In 1982, the company was established. The company’s headquarters are located in Islamabad’s Sector I/10 Industrial Estate.

The location of Mumtaz City is ideal because it is close to the New Islamabad International Airport. The Srinagar Highway (previously known as Kashmir Highway) Extension, Motorway Link Road, and Fateh Jang Road are important connecting roads that lead to it. The M1 Islamabad-Peshawar and M2 Islamabad-Lahore highways are also connected. The lodging society is about 2 minutes away from the Tarnol Fateh Jhang Road. The Capital Smart City and Top City are two other well-known initiatives in the Mumtaz City region. You can take a guide from Estate Land Marketing for booking, reservation and  related information.

Naya Pakistan Housing Scheme

The Pakistan Tehreek-e-Insaf (PTI) has launched the Naya Pakistan Housing Scheme to offer appropriate housing for the lower classes of society. Imran Khan wants to address the country’s long-standing issues, so he decided to provide accommodation for the homeless, stimulate the economy, correct trade imbalances, increase jobs, and enhance morale.

The Capital Development Authority (CDA) has approved seven acres of land in Islamabad’s Mauve Area for this housing project. They also agreed to give the Federal Government Employees Housing Foundation (FGEHF) 508 Kanal of land near Askari-VI in Islamabad for the Naya Pakistan Housing Scheme. It is without a doubt the most advantageous of the new home developments in Islamabad 2021.

Eighteen Islamabad

Eighteen Islamabad, created by Orascom Developers, Saif Group, and Kohistan Builders and Developers, is the last but not most minor of the new housing developments. This USD 2 billion projects is the pinnacle of exquisite landscape, innovative architecture, and sustainable living. In addition, Kohistan Builders and Developers have completed Zarkon Heights in Islamabad’s sector G-15.
Egyptian billionaire Mr Naguib Sawiris own the Orascom Developer Company. Mr Naguib Sawiris was previously the CEO of Mobilink, Pakistan’s largest mobile network.

The project is 5 kilometers from Golra Mor and 3 kilometres from the Lahore-Islamabad exit on the Srinagar route. Eighteen Islamabad is conveniently located near the Federal Capital and the New Islamabad International Airport, only a few kilometers away. The home concept will be the epicenter of luxury, elegance, and high-end living.

Conclusion

Due to the government’s considerable interest in the housing and building sector and private development enterprises seeking to attain new heights of quality, the real estate sector will achieve significant success in 2021. The new housing schemes in Islamabad 2021 are the source of the real estate sector’s strength. It’s because the investors are focusing all of their efforts on the Federal Capital property.

Read more: Pakistan Real Estate Forecast 2022

 

 

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Pakistan Real Estate Forecast 2022

Pakistan Real Estate Forecast 2022

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Pakistan Real Estate Forecast 

In this article, we’ll look at the Pakistan real estate forecast for 2022 to better grasp the industry.

Past Overview

A country, like a temple, cannot be proudly erected on concrete pillars, as many resources are required for any type of progress. So naturally, this is also true for Pakistan, and, of all the pillars that make up the country’s foundation, real estate may be the one that has stood the test of time the most. As the real estate sector analysis in Pakistan demonstrates.

Beginning till now

The pillar of real estate has weathered many storms, and there have been numerous challenges that have arisen as a result of its role in supporting the economy of our country. Due to political unrest and continual changes in economic and financial policy, real estate development has stalled since 2017. When we look at the events of 2019, we can see that the performance has been even worse than it is now. Even at that time, the countries faced numerous financial, economic, and political issues that significantly slowed the real estate market.

With the development of the global pandemic in 2020, the road to success appeared even more arduous, but it turned out to be a fantastic year for real estate in the end. As a result, the government implemented various initiatives to encourage residents to invest in this area. In 2021, these new initiatives and rules will be the driving force behind the accelerated improvement which depicts the real estate forecast of 2022 would be vulnerable.

But the actual question is: where did harm begin, and what was done to repair it? The real estate forecast of 2022 will assist us in accurately identifying the damages, whether slight or significant, and the necessary repairs and improvements, and the role of investors, realtors, and consumers in all of this.

Discouragement of Abroad Pakistanis

  • Pakistanis living abroad like to put their hard-earned money into real estate.
  • To have a place to call home.
  • They want to keep their choices open, so real estate seems like a good fit.

Most of the top housing societies in major cities, including Islamabad, Karachi, and Lahore, have already piqued their attention by offering them the luxurious lifestyle they have come to expect.

The year 2019 did not see a lot of foreign investment. Through the power of social media, overseas Pakistanis have been made aware of the challenges. The economic and financial difficulties resulted in property losses and a lack of investment interest among Overseas Pakistanis.

The government just announced additional initiatives and packages for 2022. Pakistan real estate forecast 2022 reflects the bright future of the real estate for investors and overseas. The relief package is an essential need of this time. In addition, Pakistan’s President has signed the Tax Amendment Ordinance 2021, which will benefit the country’s building industry.

Overseas Pakistani Investments in 2022

Overseas Pakistanis’ investments, which fall under remittance, are critical for Pakistan’s economy. The greater the remittance, the higher the value of the Pakistani Rupee, allowing it to compete with US Dollars.

Inflows of remittances can make a significant difference in a country’s economic well-being. According to Abdul Qayyum’s research, Pakistan’s remittance inflows aid economic growth and social improvement. Remittances to Pakistan have benefited districts such as Sindh, Punjab, and Baluchistan.

And now, the real estate sector in Pakistan has seen significant success, with the Pakistani Rupee trading at its highest level in nearly a year. The rupee improved. It will attract foreign investors and Pakistanis living abroad, as well as keep them focused on us.

Another benefit has been set in motion for Overseas Pakistanis as a result of new rules and developments. The income tax returns for foreigners have been made more flexible according to the Pakistan real estate forecast of 2022.

Know more about:New Housing Schemes in Islamabad 2021

Untrained Real Estate Agents

The real estate industry has been overtaken by untrained agents and dealers who lack real-estate know-how, causing individuals to be misled and, in many cases, resulting in fraud. Therefore, there is a need for a Federal and Provincial Real Estate Authority to help preserve land allotters’ rights.

They must oversee the builders’ creation and construction of societies. The land consolidation process takes many years to finish. Having some real estate regulatory authority manage the developments will give individuals, especially foreign Pakistanis, more confidence in investing their money in this area without fear of being scammed. Pakistan real estate forecast 2022 depicts that the time is near when people from different countries

This topic is significant in Pakistan’s real estate sector study since it has influenced advancement in its way. Unfortunately, the tiniest sparks of fire are often overlooked, yet they can fire the entire foundation. We at Estate Land Marketing are here to help you avoid this. We will supply you with advice free of greed or any other harmful intent and point you on the correct route.

Previous Tax Laws vs. Current Tax Laws

The CGT, or Capital Gains Tax, is a tax that the seller pays, and capital gains refer to the profit made on the sale of any property. Previously, capital gains or profit received were taxed based on the length of time that held the property.

  • For the first year, there would be a 10% gain.
  • The gain for the second year would be 7.5 percent.
  • The increase for the third year would be 10%.

If you sell your home after three years, you won’t have to pay any more CGT. Unfortunately, this approach harms the holding period or the duration during which an investor maintains the property for himself. The holding time had shrunk to the point where purchased homes were solely for resale.

Everything has vanished. After four years of owning the property, you will be subject to capital gains tax. This new reform is beneficial to investors because the holding term has been reduced, making it more manageable for them and those purchasing property to put it aside for years.

In the nick of time, this has begun to strengthen the cornerstone of real estate.

Available Relief  Packages 

Incentives are desperately needed to keep investors interested in the real estate crisis. Because they presented no sufficient incentives to interested parties in earlier years, little development occurred.

The government has recently introduced new programs and packages. One of the most important is the construction relief package. The President of Pakistan has signed the Tax Amendment Ordinance 2021 to help the country’s construction industry.

Benefit to enjoy in 2022 and onwards

Builders and developers can now easily register their projects under this tax amnesty program, which exempts them from identifying their sources of income and allows them to take advantage of the fixed tax rate.

Because of the extended deadline, real estate investors can now enjoy immunity from disclosing their funding sources as well as the benefit of a fixed tax regime. For example, it was September 30th, 2022, and it is now March 31st, 2023.

The FBR’s Lenient Regulations

The Federal Board of Revenue, or FBR, gets information on your earnings, investments, and real estate transactions. If there is discrimination between your income and the tax returns you filed, FBR will notify you or charge you a penalty cost. They may also put a freeze on your assets.

Previously, the FBR had targeted non-filers or citizens who failed to file a tax return by the deadline. As a result, non-filers were barred from purchasing a property worth more than $5 million unless they registered with the Federal Revenue Board (FBR). Apart from that, the FBR’s strict control of non-filers banking transactions and the imposition of substantial property transfer taxes deter investors from investing in the industry in 2018-19.

The FBR has now eliminated these restrictions, allowing non-filers to spend vast quantities of money in the real estate market. As a result, it is making a significant contribution to the real estate sector’s prosperity, raising the whole economy indirectly. Pakistan real estate forecast 2022 shows the bright future of real estate is on the way.

Conclusion

Pakistan’s real estate is encountering challenges as a developing country. However, not all of them have gone missing. In Pakistan, the real estate sector is showing some fascinating activity and momentum. The rise of the Pakistani rupee and the decline in the US dollar value is a significant success for the investors who decided to invest in 2022. It is not due to economic strength, but it is bringing in a new form of power. It puts Pakistan ahead of the game, in a position of supremacy that the rest of the world admires.

The real estate sector also benefits from the new policies and packages of 2022 because they include benefits for both the working class and investors. All of this will result in increased foreign and domestic investment. As a result, the real estate business in Pakistan will outperform expectations in 2022, according to the Pakistan Real Estate Forecast 2022.

Read more: Real Estate Investor Marketing For Beginners Top 8 Strategies

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In Fiscal year 2023, Dawood wants the country's exports to hit $50 billion

In FY 2023, Dawood wants the country’s exports to hit $50 billion

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Adviser for Commerce and Investment Razzaq Dawood expressed optimism that the country’s exports would exceed $50 billion by the end of the current government’s fiscal year, 2023, due to the strategy of trade diversification in promising trade areas.

The expert told APP that a mix of export diversification, non-traditional sectors, and growing exports to new markets, especially Africa, will increase the volume of the country’s exports and help the government meet its export target.

The government’s top priority trade policy is “Make in Pakistan,” which aims to bring Pakistan’s traditional and non-traditional export sectors, as well as local products, to the worldwide market.

According to the adviser, the government will export consumer durables like cellphones and motorcycles under the same trade policy. The export of these two products to the global market would usher in a new age of engineering product exports.

Dawood stated that engineering goods exports presently account for 51% of the global trade market and that the government is increasingly focusing on non-traditional areas such as engineering and pharmaceuticals. He claimed that INOVI Telecom, a Karachi-based electrical and electronics goods company, had recently shipped the first consignment of 5,500 “Made in Pakistan” 4G mobile phones to the Middle East.

According to the advisor, this will mark the start of a new age of high-value-added exports from Pakistan and a shift in product diversification from traditional to non-traditional areas.

“I urge other Pakistani mobile phone manufacturers to follow this lead and export their products,” he said.

When the US Secretary of State for Commerce visited Pakistan recently, he highlighted several traditional trade products under his trade facilitation scheme, the Generalized System of Preferences (GSP). However, Pakistan had not yet exported commodities to the US trade market, according to the adviser.

He went on to say that the government intended to boost exports to Europe and the United States by making its trade items more globally competitive. Pakistan would begin exporting 10,000 motorcycles in the future years to sell 30,000,000 motorcycles annually. He stated that the Japanese corporation “Honda” has decided to establish its production unit in Pakistan, making Pakistan a motorbike manufacturing powerhouse.

In the following years, they will begin exporting motorcycles worth $30 million from Pakistan.

Read more with EL news : SBP reserves are down $223 million to $17.6 billion

 

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Finalizing the Lahore master plan in conjunction with the LCCI: LDA

They would finalize the Lahore master plan in conjunction with the LCCI: LDA VC Imran

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S M Imran, Vice-Chairman of the Lahore Development Authority (LDA), has stated that the new Lahore Master Plan will address the industrial future needs and they would finalize the Lahore master plan in conjunction with the LCCI.

He was addressing at the Lahore Chamber of Commerce and Industry’s stakeholder gathering LCCI. He claimed that in the past, all master plans were created without taking into account the reality on the ground or proper consultation with stakeholders. The new Lahore Master Plan is being developed in conjunction with a wide range of stakeholders to defend their interests.

Read more with EL news: In the first Miyawaki forest, about 8,000 trees will bloom

All choices, he said, would be made in conjunction with the Lahore Chamber of Commerce and Industry. “We are creating a new Master Plan for Lahore for future generations,” he said, adding that the environment is being given special attention in line with Prime Minister Imran Khan’s vision.

According to LCCI President Mian Tariq Misbah, there is insufficient land for industrial investment and expansion in and around Lahore. In Lahore, there were just two large industrial estates: He informed Sundar and the Quaid-e-Azam Industrial Estate, both of which had reached their maximum capacity. It was the primary reason for the skyrocketing cost of industrial land in Lahore.

Read more with EL news: Names of successful candidates for DHA Multan Ballot 2021 are now available on the website

He noted that the LCCI has long campaigned for the rezoning of Lahore Division to fit the needs of future industrial expansion. He claimed that the industry was overloaded by the high rate of conversion fee for land use paid by the LDA due to the lack of industrial zoning (20 per cent of the value according to DC rate).

Read more with EL news: According to the RDA’s chief, they rendered the Ring Road project to the Lahore administration in 2020

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In the first Miyawaki forest, about 8,000 trees will bloom

In the first Miyawaki forest, about 8,000 trees will bloom

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In the first Miyawaki forest, about 8,000 trees will bloom. The first Miyawaki forest project was planted on  Murree Road, Rialto Chowk. The Miyawaki Forest Beautification Project has also been launched due to its success, and it will be open to visitors and families in October.

In the Miyawaki forest along Murree Road, forty different fruit, shade, floral trees have been planted. These trees have now grown to a height of six to eight feet, with dozens of them reaching a height of ten feet.

In this lovely forest, new modern grass has been planted, and little paths have been created inside the woodland to function as pedestrian paths. Following that, a central entry gate to the forest will be built, with the Pothohar region’s culture prominently displayed.

Traditional Pothohar fruits such as kachnar (mountain ebony), Sohan Jan (drum stick), fig, plum, dried assyrian plum, grewia asiatica, olive, gooseberry, berry, phalai, pomegranate, beriberi, sang jalo, apple, patagin, guava, loquat, stone apple have also been planted, according to Chairman Rawalpindi Development Authority (RD In 2022, these fast-growing fruit trees will begin yielding fruit.

He further claimed that Nasir Mirza, the Rawalpindi Chamber of Commerce, had donated benches to the forest. Neither the government nor the RDA had spent a penny on the Miyawaki forest. This environmentally friendly initiative was funded entirely by traders, chambers of commerce and industry, and donations from Pakistani immigrants’ children living in the United States.

Miyawaki, according to the RDA chief, is the best jungle technique. They planted the forest in the first week of April. The plants have grown to a height of 8 to 10 feet in three and a half months.
The recent monsoon rains have accelerated their growth. The forest’s beautifying would be completed in the following two months. Birds will return to the trees once the forest has reached full bloom and will build colorful wooden nests in the trees.

Read more with EL news: Today, Prime Minister Imran Khan will open the world’s largest Miyawaki urban forest in Lahore

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Names of successful candidates for DHA Multan Ballot 2021 are now available on the website

Names of successful candidates for DHA Multan Ballot 2021 are now available on the website

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The DHA Multan hosted its DHA Multan Ballot 2021 at the DHA Multan Event Complex. The Arena to identify the successful candidates for their recently launched commercial and residential plots are now available on the website.

According to DHA Multan official Facebook page, the results of the successful applicants have been posted on the authority’s official website. The ballot was also streamed live on Facebook to share information with customers from other countries and those who could not attend the event. The live webcast of the event was also intended to ensure transparency. They held the balloting for 5, 8, and 10 Marla residential plots and 1 Kanal residential plot, and 4 Marla commercial.

Brig Shoaib Anwar Kayani SI (M), DHA Multan Project Director, said that the scheme was introduced for the general people and abroad Pakistanis.

M-14 construction is almost finished, and it will likely reopen to traffic in a few months. He also praised the outpouring of support from investors from Pakistan and outside. While congratulating the successful applicants, the project director assured the members that their investment would pay off well.

Read more with EL news: Baluchistan has implemented an online tax collection system

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The Margalla Hills encroachment operation by the CDA is now complete

The Margalla Hills encroachment operation by the CDA is now complete

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The Margalla Hills encroachment operation by CDA ended on Sunday. There was construction going on in the vicinity. According to Prime Minister Imran Khan has asked the CDA to clear all encroachments operation  from the Margalla Hills. As a result, the CDA carried out some operations in the highlands, but the primary function took place on Sunday in the Talhar area.

Senior police officials, including Deputy Commissioner Hamza Shafqaat, CDA Director Enforcement Syed Fatehul Manan, and Deputy Commissioner Hamza Shafqaat, were also present.
They removed Margalla Hills encroachments on the directions of the Prime Minister.

Locals objected to the operation, but the deputy commissioner informed them that no one was authorized to affect the landscape of the Margalla Hills by carrying out construction activities under the legislation.

CDA official stated that, we finished our operation in Talhar today, and now we will undertake a plantation drive in the area. He added that private developers were building in the region, but the site was set aside for grassing rather than construction.

They executed the operation on the orders of the CDA chairman, who also happens to be the top commissioner. Following his orders, five people were arrested on Wednesday while guarding a construction site where plots were being carved out after the land.

There are around 4,000 Kanals of land in the stated region that belong to local people or those who bought it from them, but the status of this land is not suitable for construction.

Land mafia had constructed illegal buildings at the foot of the Margalla Hills in Islamabad for some time now, the CDA administration took appropriate action and evacuated the mountain with the support of district administration and Islamabad police.

The Enforcement Department used heavy machinery to demolish multiple unlawful structures in Talhar and Gokina, areas of Islamabad, freeing them from the grip of the land mafia.

The CDA is engaged in continuous operations against illegal Margalla Hills encroachments and constructions, which has resulted in the retrieval of land worth billions of rupees. On the federal government directive, several land grabbers have been detained and taken into custody.

Readmore:Piling begins for the 7th Avenue Interchange project

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