Mega-city-master-plan

Mega-city master plan for “New Peshawar Valley” receives final approval

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Mega-city master plan for “New Peshawar Valley” receives final approval. Khyber Pakhtunkhwa’s (KP) “New Peshawar Valley” master plan has been given the final go-ahead by the Peshawar Development Authority (PDA). This was reported by news sources on June 5. The 1.86,400-kanal megacity will have places to live, do business, and have fun, all with the most modern facilities.

Read more with EL news: CDWP authorises projects worth PKR 1800 bn for FY23

At the 8th board meeting on Saturday, it was said that the first part of the project was given the go-ahead (June 04). In the first phase, 62,056 residential plots of different sizes have been proposed. There are 16,312 3-marla plots, 17,201 5-marla plots, 3402 7-marla plots, 9,526 10-marla plots, 13,415 1-kanal plots, 1494 2-kanal plots, and 706 4-kanal plots.

Also, about 8,000 kanals of land have been set aside for the supply of residential plots based on need. Also, it was said that the housing project will be built on more than 1,864,000 kanals of land, with 41% of the land used for residential plots and flats and 28% for road infrastructure. Also, 16% of the area would be used for parks and open spaces, 7% for public buildings, and 5% for commercial operations and parking.

Also, 2% of the land has been suggested for use as a cemetery. Among the smart things about the project are:

Civil Secretariat Media Enclave
Sports City, Education City, and Health City all have state-of-the-art facilities that are up to international standards. Khyber Park is a mega park with the Gandhara Museum, a theme park, a forest, an adventure arena, and other state-of-the-art recreational facilities.
Read: Azerbaijan will help Peshawar grow and improve.

At the time, Chief Minister (CM) Mehmood asked the officials in charge to send plot notification letters to the owners of confirmed lands within a week, saying that there would be no more time for this.

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CDWP-authorises

CDWP authorises projects worth PKR 1800 bn for FY23

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CDWP authorizes projects worth PKR 1800 bn for FY23. News sources say that on June 4, the Central Development Working Party (CDWP) approved development projects worth PKR 1800 billion for the fiscal year 2022-23. 22 projects have been added to the Public Sector Development Program by the government (PSDP).

Read more with EL news: Minister provides development update for Mohmand Dam

Ahsan Iqbal, who is the Federal Minister for Planning, Development, and Special Initiatives, is said to have been in charge of the meeting. The report says that the following projects are part of the PSDP:

The Diamer Basha Dam Project-Power Generation Facility is worth PKR 933.347 billion.
PKR 399.812 billion for the revised PC-I for implementing Universal Health Coverage under the Health Insurance Program in Punjab.

Read more with EL news: LDA seeks for PKR 202 bn development budget for FY-23

The Sehat Sahulat Program has set aside PKR 237,734 billion for the PC-I of building the Chashma Right Bank Canal, which will cost PKR 55,553 billion (2nd revised)
The 500kV Sialkot Substation will cost PKR 25,430 billion.
For the upgrade of the current 220kV Vehari Substation to a 500kV Vehari Substation, PKR 13,418 billion has been set aside.

Read more with EL news: Government resumes the construction of the Naulong Dam in Baluchistan

Read: Budget 2022–2023

  • The FBR is considering putting a luxury tax on big houses in nice neighborhoods.
    The Allama Mohammad Iqbal Scholarship for Afghan Students has been given PKR 12.686 billion (Phase-III).
  • PKR 11,976 billion has been set aside to improve 500kV and 220kV transformers at existing grid stations so that NTDC system constraints can be taken care of.
  • PKR The 48MW Shounter Hydropower Project will cost $11,274,000,000,000.
  • PKR 9.9880 billion for the PM special package to implement skills for all strategies as drivers for the TVET Sector Development Program.
  • PKR 9,665 billion to do a feasibility study and buy land for the Islamabad Model Special Economic Zone (IMSEZ).
  • The 40MW Dowarian Hydro Power Project in Neelum Valley will cost PKR 9,396 billion. This money has already been set aside.
  • The 500kV Arifwala Substation has been given PKR 8.457 billion.
  • Mirwaiz Molvi has been given PKR 3.245 billion to help build it. Muhammad Farooq Shaheed Medical College Muzaffarabad costing PKR 1.698 billion to provide medical equipment for seven PAEC Cancer Hospitals, PKR 1.128 billion to build 20 small dams in KP.
  • Havelian Abbottabad’s gravity-based safe drinking water supply system has been given PKR 3.336 billion. KP
  • The Greater Water Supply Scheme for Central Hunza from Attabad Lake has been given PKR 1.220 billion.

CDWP authorises projects worth PKR 1800 bn for FY23

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Minister provides development update for Mohmand Dam

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According to news that came out on June 3, Federal Minister for Water Resources Khursheed Ahmed Shah said that 20% of the work on Mohmand Dam was done.

The federal minister went to the dam site to check on how the building was going. He said the project would not be done for another four years and hoped it would be done by the deadline. Shah, in charge of water resources, also said that work was going on at four other dams, which would give the country enough water sources to meet its own needs.

Development plans for Kohat are approved by a committee

Also, he said that since the country is an agricultural country, it needs dams to help the economy. He also said that the Water and Power Development Authority (WAPDA) thinks that the project will be finished by the middle of 2026. The minister said the dam would help the country with its food, energy, and water problems.

According to reports, work on the Mohmand Dam began in 2019. The dam is being built on the Swat River, 5 km upstream of Munda Headworks in the Mohmand tribal district.

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Development plans for Kohat are approved by a committee

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Development plans for Kohat are approved by a committee. The leading newspaper reported on June 2 that Ziaullah Bangash, in charge of the District Development Advisory Committee (DDAC), has approved PKR 60 million worth of development projects for Kohat.

Read more with EL news: CDA Land & estate departments split to improve management

At the office of Deputy Commissioner Roshan Mehsud, DDAC Bangash led a review meeting. During the meeting, the heads of the departments told the DDAC about the development projects that were still going on. The DDAC told the right people to move faster on the projects so they could be finished on time. The DDAC Bangash also said that work will begin on Khawaja Abad, Chargbagh, Ambar Banda, Marai, Hospital, and Junglekhel after Kacahi Road is finished.

Earlier, the government of Khyber Pakhtunkhwa (KP) gave PKR 200 million to fix up and build new roads in the PK-82 constituency. In addition, Arshad Ayub Khan Orakzai, the Provincial Minister of Irrigation, said that a cadet college will be built in the Orakzai district so that people can get a good education.

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CDA Land & estate departments split to improve management

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CDA Land & estate departments split to improve management. On June 3, news sources said that the Capital Development Authority (CDA) has split its land and estate branch into two separate groups that work under civil officials. Two deputy director generals will be in charge of the new wings (DDGs).

Read more with EL news: DHA Islamabad declares ownership of plots in Sectors A, B, and C

The CDA administration has reportedly decided to split the department into two parts to make it more efficient. One part will only deal with land issues, while the other will deal with estate issues. According to the details, Muhammad Afnan Alam, a BPS-19 employee of the Pakistan Audit and Accounts Service (PAAS), will now be in charge of the estate, while the director of estate management commercial will be in charge of the DDG Estate.

In the same way, Omar Liaquat Randhawa, a BPS-18 officer in the Pakistan Administrative Service (PAS), has been given the job of DDG Land. Afnan Alam was in charge of DDG Land and Estate in the past. Abdul Razzaq is now a CDA BPS-19 Executive Cadre officer and has been given the job of Director of Estate Residential.

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DHA Islamabad declares ownership of plots in Sectors A, B, and C

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DHA Islamabad declares ownership of plots in Sectors A, B, and C. The Defence Housing Authority (DHA) in Islamabad posted on its official Facebook page on Thursday, June 2, that plots in Sectors A, B, and C (Phase 4) are now available for purchase. In this case, a ceremony was held to give the owners the letters of possession.

Read more about EL news: LDA seeks for PKR 202 bn development budget for FY-23

Reports say that the Islamabad DHA Administrator and other authority officials were there. The administrator said that the DHA has kept up with its customers’ and residents’ expectations by giving them better services. He also said that members of the above-mentioned blocks can get back their plots after paying any fees that are still due.

Customers who have questions should call or go to the DHA Islamabad-Rawalpindi Planning Directorate (DHAI-R).

Members can contact Defence Avenue Phase-I, Islamabad-Rawalpindi, UAN: 92 (54) 111 555 400, for more information.

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Realtor Vs. Real Estate Agent: Differences & Similarities

Realtor Vs. Real Estate Agent: Differences & Similarities

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Introduction

Realtor Vs Real Estate agent, is a question that arises in the investor’s mind before making any long-term investment. Moreover, the real estate industry is a robust business venture that all investors and developers find attractive. Furthermore, the main reason is to help them generate higher financial gains. And we know that the real estate business is the best business model that all developers and investors appreciate.

Moreover, the business model has shown positive growth and benefits even during the pandemic. Furthermore, several housing schemes are developing to provide investors with the best living standards. And some examples are the Kingdom Valley Isalamabd, Blue World City, and Park View City. Moreover, for a good investment option, guidance is needed from the Realtor Vs Real Estate agent. Lastly, please continue reading to know about their expertise in detail.

A Realtor

A realtor works as a real estate broker. And he can also be a property counsellor, a salesperson and an appraiser. Furthermore, a realtor’s primary concern is to sell out the property. And the best aspect is that they also have to offer guidance to all the investors to help them make higher financial profits. Moreover, various property endeavours are developing in the country, so there is a dire need for a realtor who can offer their timeless services to all the investors. Furthermore, some significant examples are the Capital Smart City, Park View City, and the Seven Wonders City. Lastly, continue reading to learn more about the realtor vs real estate agent duties.

A Real Estate Agent

In the discussion of Realtor Vs Real Estate agent, the real estate agent is the one who is a helper for buyers and sellers to sell their properties. Moreover, the properties can be residential and commercial. Furthermore, countless magnificent housing schemes are developing in the country, like the 1947 Housing Society. And the developers are looking for subject matter experts who can help them attain their dream property. Lastly, an excellent real estate agent must know all the latest and relevant updates in the field.

Realtor Vs Real Estate Agent: Differences 

Several differences are here to know between the Realtor Vs Real Estate agent. And some of them are as follows:

  • A realtor has to pass an agent licensing from the concerned authorities. And he also needs specific and additional requirements and qualifications to become a professional realtor.
  • And a real estate agent can have agent licensing but requires no other certifications.
  • The real estate agent deals typically with significant real estate endeavours compared to realtors.

Realtor Vs Real Estate Agent: Similarities

Several similarities are between the guides. But moreover, the strong similarities are here:

  • Both require agent licensing qualifications from the concerned authorities.
  • They aim to help the investors make a valuable long-term investment.
  • They have to be updated and well informed of the latest happening in the field.
  • And they must follow the basic code of conduct while dealing in the buying and selling of properties.

Realtor Vs Real Estate Agent: Who to Choose?

The answer to this question arises as to the requirements of the investors. Moreover, Realtor Vs Real Estate agent is the first aspect that all investors and developers look for before entering this business model. Furthermore, if the investors are looking for guidance and counselling regarding the real estate endeavour, then the realtor is here with all the relevant and latest information. Lastly, the realtors guide the investors in making the best and long-term real estate investment.

To sell or buy the property is where the real estate agent is mandatory. And they know the art of finding the dream home for all the investors. Moreover, developers also look for professional real estate agents to sell their properties at the correct prices. And as mentioned before, the country has several outclass housing schemes like the Seven Wonders City Islamabad. So the Realtor Vs Real Estate agent option depends upon the investor’s preferences.

Conclusion

The real estate industry is a dynamic endeavour. Moreover, investors and developers globally are keen to invest in this business model. Furthermore, real estate projects have shown marvellous growth even during the pandemic. And the best aspect is that developed and developing countries offer their best real estate services to investors. Moreover, Pakistan is no exception. And countless magnificent residential projects are growing in the country.

An excellent guide is mandatory for the best real estate experience for all the investors and developers. So, Realtor Vs Real Estate agent is always a point of discussion among the investors and developers. Furthermore, both are eligible for the real estate practices, but it depends on the investors what kind of investment and guides they are looking for to make the long-term asset. Lastly, keep visiting Estate Land Marketing to get the right investment guide.

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How to Make Money from Digital Real Estate

How to Make Money from Digital Real Estate

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Introduction

Digital real estate is a new development in real estate endeavours. Moreover, developers worldwide are looking to shift toward this trend. Furthermore, as we know, the property’s business endeavours were always and will be in power. And investors trust this business model to create a valuable asset. Moreover, developing countries like Pakistan are also increasing their investment in this sector. Furthermore, several housing schemes are here, like the Blue World City, Kingdom Valley Islamabad, and Seven Wonders City.

These magnificent residential projects indicate investors like to invest in valuable, long-term real estate. The virtual world helps the investors in many ways, like it can be an excellent way to make a passive income, especially for self-employed investors. And most importantly, all scalable business models apply in this virtual world. Lastly, to move further about how digital real estate can help us earn money, we first need to understand what digital real estate is all about.

Digital Real Estate

Digital real estate is the new buzzword that all investors are keen to know to get maximum benefits. Moreover, developers are seeking new ways to get involved in this trend. Furthermore, the movement is dealing with real estate work through properties online platforms. And the best aspect is that the process involves more transparency, less time consumption and budget-friendly ways. Moreover, globally, developers are shifting to this trend and making it a high passive income.

Digital Real Estate: How to make money?

Several ways are here to make assets from digital real estate. Moreover, it is available only in developed countries but also in developing countries like Pakistan. Furthermore, as mentioned earlier, Pakistan is also no exception; a variety of residential projects are growing in a country like Capital Smart City, 1947 Housing Scheme, and Park View City.

The best digital real estate way is the metaverse. Moreover, the metaverse is also trending in the digital world. Furthermore, mostly it is known for its gaming purposes. However, the investors are now using it as a good way of operating real estate endeavours. Moreover, it is an alternative to accurate life business models. And using metaverse as a passive income tool, there are several ways to earn money. Lastly, some of them are as follows:

Flipping Property

Investors can buy digital real estate according to their preferences. Moreover, when the prices see a boom, they can sell it and earn a good amount of money. Furthermore, a lot of investors can make it a great way of passive income. However, the investors must collect as much information before entering this field to avoid any inconvenience later. Lastly, it is a great way to earn money in large amounts and for creating long-term assets.

Digital Real Estate Broker

Investors can earn a good amount while dealing with digital real estate. Moreover, the relationship between seller and buyer can only be fully complete with the broker’s presence. Therefore, the investors can become a broker and offer their services to both parties can get maximum commissions. Therefore, this way, the investors can make good money and a passive income.

Virtual Rental Property

Investors can invest in digital real estate, make it a rental property, and earn a good amount of money. Moreover, the investors can make a handsome amount of money and create suitable living standards. Furthermore, it is more like buying a domain, renting it out, and earning money. Similarly, the virtual real estate business also works like this. Lastly, online dealing requires an expert skillset and adequate knowledge beforehand is mandatory.

Real Estate Designing

Digital real estate involves a lot of aspects that ensure the investors can earn a good amount of money. Moreover, the investors can make high-quality infrastructure designs and a high passive income. Furthermore, several properties are available in the metaverse that requires a great design and animation. And the designing skillset can help the individual in earning a passive income. Lastly, the trend of unique infrastructure design will see a boom soon. So this service can help the individual for monetary gains.

Conclusion

Digital real estate is the new trend that is becoming a hit nowadays. Moreover, investors globally are seeking to make a valuable investment here. Furthermore, the metaverse is the primary way to make a valuable asset here. And this is the alternative to the natural world, where almost all activities and businesses apply. Moreover, the investors can benefit from the metaverse in several ways: sell, buy, rent out, or design a property there.

All the investors are finding the best way to make a passive income, particularly self-employed investors. And all these benefits are attracting investors globally. And all these and other services can help the investors create a significant asset. Moreover, real estate is a well-known business model that investors have believed in for ages. Therefore, digital real estate is also no exception and investing in this business venture will be valuable. Lastly, for more related information, keep visiting Estate Land Marketing.

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LDA seeks for PKR 202 bn development budget for FY-23

LDA seeks for PKR 202 bn development budget for FY-23

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LDA seeks for PKR 202 bn development budget for FY-23. News sources said on May 31 that the Lahore Development Authority (LDA) has made a development budget of PKR 202 billion for the fiscal year (FY) 2022-23. The final draught of the budget has been sent to the Punjab government for final approval.

Read more with EL news: Government resumes the construction of the Naulong Dam in Baluchistan

According to reports, the LDA gave the Punjab Secretary of Housing, Asad Rehman Gilani, a briefing on the budget in order to finish the city’s ongoing development projects. According to the LDA, the city is working on the following projects, which are listed in the budget document:

The project to build the Canal Tram will cost PKR 69 billion.
The Gulberg Elevated Expressway project will cost PKR 64 billion to build.
PKR 35 billion will be used to fix up Canal Road.
PKR 35 billion to build a road from the Expocenter to the Canal Road
PKR 29 billion will be used to fix up and rebuild roads in Lahore.
PKR 4.5 billion will be used to fix up Raiwind Road.
Read: The LDA DG visits projects that are still being built and gives orders to speed up the work.
Three billion PKR will be spent on making the Lahore Canal Road wider.
The underpass on Bedian Road will cost PKR 3 billion to fix up and build.
The Khyaban-e-Jinnah, Qadir Topash Chowk Underpass will cost PKR 2.5 billion to build.
The project to build the Akbar Chowk Underpass will cost PKR 2.5 billion.
The Sports Complex and Ek Moria Pul project will cost PKR 2 billion to build.

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Government resumes the construction of the Naulong Dam in Baluchistan

Government resumes the construction of the Naulong Dam in Baluchistan

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Government resumes the construction of the Naulong Dam in Baluchistan. According to news that was published on May 31, the province government of Baluchistan has resumed building on the Naulong Dam, which would irrigate 47,000 acres of dry land and create 4.4 megawatts (MW) of energy. Islamabad is the location of the provincial capital.

Read more about EL news: The government plans to invest PKR 130 million in the Sagian Road

According to the information provided, the process of building the dam has already been sped up. In accordance with the recommendations of the Standing Committee on Water Resources, the Federal Board of Revenue (FBR) has transferred PKR 1,916 million to the Water and Power Development Authority in order to fund the construction of the dam (WAPDA). The detailed design of the project as well as the feasibility study have both been finished by the authorities. The issues that had been lingering in relation to the Naulong Dam have also been fixed.

After the dam is finished being constructed, the yearly benefits to the power sector will be PKR 0.413 billion, the annual benefits to the agriculture sector will be PKR 2.017 billion, and the annual benefits to fisheries will be PKR 0.018 billion. The building of the Naulong Dam will contribute to the creation of 23,500 jobs in the agriculture sector. In addition to this, it will be useful in preventing flooding in the catchment areas. The water that is stored behind the Naulong Dam will be used to irrigate the land in the surrounding area, specifically Gandawa, Khuzdar, and Jhal Magsi.

According to reports, the provincial government has started a plan called “100 Dam Baluchistan” in order to satisfy the province’s growing demand for water. In order to alleviate water scarcity and irrigate the land, the government has developed an all-encompassing plan that involves the construction of tiny dams for the purpose of flood management.

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