LDA will reclassify housing projects to increase income

LDA will reclassify housing projects to increase income

The Lahore Development Authority (LDA) has decided to reclassify land in different housing schemes across the city to bring in more money, news sources said on September 20.

Read more with EL news: Residents of Sector E-11 requested that CDA address their concerns

The LDA’s governing body will make the final call on whether or not to accept the new policy. According to the new plan, plot sales will bring in PKR 50 billion for LDA after the reclassification. Also, societies will have to build civic centers and commercial marketplaces to make it easier to do business and make more money. In the meantime, the LDA will invite traders and investors to join the projects.

Also, Gulberg and Garden Town housing complexes will be reclassified in the first phase. In the second phase, Allama Iqbal Town, Quaid-e-Azam Town, and Faisal Town will be reclassified.

It is important to know that the LDA has asked the government for a lot of money to meet financial needs and pay for ongoing development projects. The organisation has also decided to spread out its own sources of income in order to build strong, long-term income streams. The LDA has decided that reclassifying land in different parts of the city is one way to move forward with their plan.

Share this:
Residents of Sector E-11 requested that CDA address their concerns

Residents of Sector E-11 requested that CDA address their concerns

The Federal Ombudsperson, Ejaz Ahmad Qureshi, has told the Capital Development Authority (CDA) to come up with a plan to solve the problems that the people of Sector E-11 are having, according to a September 14 news story.

Read more with EL news: Chaklala Cantonment Board announces property tax reduction

According to reports, the ombudsperson gave the orders after residents of Sector E-11 went to his office and said that as many as five housing projects in the sector don’t have enough public services. In response, Federal Ombudsperson Ejaz Ahmad Qureshi sent an inspection team to the area and told the local government and people who run housing projects in Sector E-11 to come up with a plan before the next hearing on the matter.

Residents of that area complained about encroachments, bad water, a poorly run sewer system, narrow nullahs, and roads that were in bad shape. According to the reports from the inspection team, the residents’ complaints were true, and the problems they named were a bother for the people who lived there. It was also pointed out that many housing and business projects in the area were running without permission or a No-objection Certificate from the CDA (CDA).

Share this:
Chaklala Cantonment Board announces property tax reduction

Chaklala Cantonment Board announces property tax reduction

The Chaklala Cantonment Board (CCB) in Rawalpindi has said that property owners who pay their taxes by September 30 will get a 15% discount. This was announced in a newspaper notice.

Read more with EL news: RDA will retain an outside expert for Ring Road route validation

The tax cut will be given to all taxpayers who haven’t paid their property tax for the fiscal years 2022-23 yet. It won’t be given to people who still owe money from years before. The board also said that tax challans have been sent to residents at their designated locations, and anyone who hasn’t gotten theirs can get one from the CCB tax office. Until September 30, you can only pay your taxes at the National Bank of Pakistan (NBP) Chaklala Branch during business hours.

It’s also important to know that the FBR has set September 30 as the deadline for filing income tax returns for FY23. If you don’t turn it in, you’ll have to pay PKR 1,000 per day or face legal action.

Share this:
RDA will retain an outside expert for Ring Road route validation

RDA will retain an outside expert for Ring Road route validation

Rawalpindi: On September 18, news sources said that the Rawalpindi Development Authority (RDA) had asked private firms with a good reputation around the world to apply to do a third-party validation of two proposed routes for the Rawalpindi Ring Road.

Read more with EL news: Prime Minister Shehbaz approves the Mansehra-Balakot Expressway

The company will look at the project’s feasibility, economic viability, and business side. In this case, the authority held a pre-bid conference to answer questions from all parties involved. During the meeting, it was said that the Punjab government has decided to hire a consulting firm to work on the project in two phases: Phase I will figure out the best route and economic corridor, and Phase II will create a detailed plan for land use along the road’s third-party validated alignment. The government has already set aside PKR 90 million to make sure the process goes well. Phase I will get PKR 30 million, and Phase II will get PKR 60 million.

At the time, RDA Chief Engineer Dr. Habib Randhawa said that the final mega road infrastructure project will have the following parts:

  • Economic zone
  • Industrial units
  • Zones for education and health
  • Places for recreation
  • Downtown business areas (CBD)
  • Fun parks
  • High-rise building zones
  • There are commercial markets and bus and truck stops.

It is important to know that the project is one of five listed for international foreign direct investment and is part of the government’s plans to improve infrastructure. The Parco Coastal Refinery Phase-I oil import terminal, the Kharian-Rawalpindi Motorway, the Karachi Circular Railway, and the Thar Block-II railway network link are some of the other projects on the list.

Share this:
Prime Minister Shehbaz approves the Mansehra-Balakot Expressway

Prime Minister Shehbaz approves the Mansehra-Balakot Expressway

Prime Minister (PM) Shehbaz Sharif has given the go-ahead for the Mansehra-Balakot Expressway to be built so that the Kaghan Valley can attract more tourists. This was reported on September 17.

Read more with EL news: I-15 plots ready for ownership, Park Enclave-2 work to end soon

According to the details, the Mansehra-Balakot Expressway will make it faster to get from Khyber Pakhtunkhwa (KP) to Gilgit-Baltistan (GB). Also, the expressway will make it easy for people in the Hazara region to get around. It was said that the federal government had told the right people to start building the expressway in question.

Also, the news sources said that the federal government has already talked about big plans for the Hazara division. It was said that PM Shehbaz has given the go-ahead for the division to build roads, an airport, natural gas projects, an electric supply company, and grid stations.

Share this:
Park Zameen Town Rawalpindi

Park Zameen Town

Introduction

Park Zameen Town Rawalpindi is a world-class housing venture that will help create a sustainable and long-term investment in the vicinity of twin cities. Moreover, the developers are also willing to make it an ideal investment option for everyone. Finally, and most importantly, the site will be a perfect destination for creating a sustainable and long-term investment. And standards, primary and luxurious commodities and features will offer in the community. Furthermore, it will be accessible at such nominal rates that attract all investors, not only from the country but fr overseas. Lastly, the article will explain all the benefits of living at the outstanding housing venture.

Owners & Developers

PZT Developers will be contrasting this new housing venture with the international living standards. Moreover, Mr Muhammad Wasi Watto is the CEO and Owner of the housing society. Furthermore, professionals and experts are on board to make this kind of housing venture. Most importantly, the developers will be pleased to create an ideal and dream living experience for all at best possible and inexpensive rates. Therefore, the investment and living at this residential project will be outstanding.

NOC Status

The housing venture will be available and be approved soon by the Rawalpindi Development Authority (RDA). Moreover, the developers will share the good news son to all investors. Furthermore, legal housing ventures are more in the investor’s eyes than non-approved ones. Most importantly, the no objection certificate is mandatory for all investors to check before making any long-term investment.

Location & Map

The Park Zammen Town will be at Chakri Road opposite Fatima Jinnah Women’s University. Furthermore, it will be just three away from Rawalpindi Ring Road. Most importantly, when it comes to accessibility, the site will be highly approachable from the New Islamabad International Airport, Saddar, Rawat, Chaklala, and Zero Points. All these access points will also increase the worth of this housing venture. Lastly, this map will help in understanding the site more accurately.

Park Zameen Town Rawalpindi location map

Payment Plans

The prices range reasonable and in the range of investors and future inhabitants like the Kingdom Valley Islamabad. Moreover, the developers are keen to make it an affordable option for all investors, with a provision of an instalment that will make the buying process easier for all investors. Most importantly, the payable time is also long, which will help create a sustainable and accessible approach to paying the total amount of the plot. Lastly, among several properties, is segregation.

Residential Plots Payment Plan

Several residing spaces for the fulfilment of investors will be part of the community. And that will be within reach of them where they think of spending their entire life. Furthermore, the size, living and infrastructural quality will make this investment worthwhile for all investors. But, most importantly, the instalment plan will bring more investment rates.

residential Plot payment plan

Commercial Plots Payment Plan

Commercial set-up will also be available here with the highest affordability to all investors. Moreover, premium structural quality is the best way to enhance the business’s success. And the developers will be making the prices plan more convenient for all by offering a feasible instalment package. Lastly, here are further price specifications.

Park Zameen Town Rawalpindi commercial plot prices

Master Plan

Several residing and commercial spaces will be available in the community, like the TAB City Rawalpindi. Moreover, it will offer the ideal and premium quality of life standard. Moreover, the structural quality will be exceptional standards and quality. Most importantly, the developers are willing to be the best space that fulfils all investors’ investing and living requirements. Lastly, the other specification of the master plan is available here:

Park Zameen Town Rawalpindi master plan

Residential Plots

The developers have made the most reasonable and ideal residential instalment package that will be a feasible option for all investors and future inhabitants. Moreover, the several sizes option will help create the perfect and desirable investment within the ideal price range. And the available details of the residing spaces will be:

  • 3 Marla
  • 5 Marla
  • 10 Marla
  • 1 Kanal

Commercial Plots

Commercial properties will be a outclass investment opportunity for all investors. And the best aspect is that the developers serve the investors and the future inhabitant with the chance that will help them grow with massive monetary gains. Moreover, high structural quality will help lead to better business deals. All these features will be a plus in contributing and making financial gains.

  • 4 Marla
  • 8 Marla

Development Status

The Park Zameen Town will soon be offering blissful living spaces to all the future inhabitants of nearby areas. Moreover, the developers are willing to create a lifetime, ideal and long-term opportunity for all prospective investors. And for that, there will be a team of professionals working diligently for the timely delivery of the projects. Most importantly, urban town planning standards will be followed during construction, reducing waste. Moreover, the details of the development and construction work will be available soon on the Estate Land Marketing website as soon as they receive it.

 

 

Features

Several features that are necessary to live a sustainable life will be available at Park Zameen Town, and here are the essentials ones:

  • Standard Infrastructure
  • Environmental-Friendly Project
  • Wide Streets
  • Commercial Zone
  • Optimal Drainage System
  • Parks and Grounds
  • Mosque
  • Shops and Groceries
  • Secured Gated Community
  • Underground Cables
  • Educational Institutions
  • Community Center
  • Parking Area

Amenities

These facilities will be available at the Park Zameen Town, which will be one of its kind and highly affordable:

Secured Gated Community

The living space will have high security. Moreover, it will create a sense of sustainable living among all future inhabitants. Furthermore, the developers will be offering the provision of CCTV Cameras with high-tech facilities. But, most importantly, the security guards will make sure to make it a place where all residents will live peacefully.

Eco-Friendly Housing Project

The environment will be clean and serene, mainly because of the construction project. Moreover, the urban town planning standards will be how construction takes place. Furthermore, the plantation drive will help make the environment clean, green and serene like in Forest Town Islamabad. Most importantly, the future inhabitants and investors will get higher living standards here.

Educational & Healthcare Facilities

The facilities that are prerequisites for all investors will be schools, colleges, and healthcare centres. The healthcare facilities and services provided by the medical hubs will also be available internationally, aiding in the quick and efficient treatment of illnesses and other medical situations. Moreover, the educational facilities will also adhere to a global curriculum that will assist in achieving the educational objectives of all future residents.

Provision of all Basics

All communities will have access to everything they need, including gas, water, and power. Additionally, all future inhabitants will have access to filtration facilities close to their residences. Furthermore, the neighbourhood that would improve living standards at affordable prices will have subterranean electricity. These elements together will result in a feeling of long-term and worthwhile investment.

Commercial Zone

The commercial properties available in the neighbourhood will shortly be made public by the developers, but the site will boost transaction flow and raise the value of conducting business here. Additionally, the rates will support establishing any commercial venture here following the demands and financial capabilities of the investors. Furthermore, the structural model will help successful professional results here.

High-Quality Infrastructure

The community’s infrastructure will be of the highest calibre, adding to its appeal as a place to live. Additionally, this will contribute to generating enormous benefits not just for daily needs but also for corporate transactions. Most importantly, the infrastructural quality will also increase the investment worth and create a long-term asset. Lastly, it will become a desirable investment for Pakistanis living abroad.

Advantages & Disadvantages

The benefits will reap desirable living standards for all future inhabitants here. Moreover, some of them that will be exceptional advantages of investing here are:

Advantages

  • Access to all Basics
  • Wide Roads
  • Schools and Colleges
  • Parks & Grounds
  • Shops and Groceries
  • Environmental-Friendly Project
  • Secured Gated Community
  • CCTV Cameras
  • Medical Center
  • Optimal Sewage System
  • Commercial Zones
  • Prime Location
  • Mosque
  • Affordable Plots
  • Zoo
  • Community Center

Disadvantages

  • Perception of Expensive Properties

Why Invest in Park Zameen Town?

The future living space will offer the ideal residential investment to all investors and inhabitants. Additionally, the builders are delighted to provide the perfect living place to every investor at incredibly affordable prices. Most significantly, all luxurious and necessary goods will be offered and available in the neighbourhood. Moreover, the developer also provides a legitimate housing venture to increase the investment’s long-term value. Furthermore, this will be a unique living space that is original and legal, unlike other new housing societies that must wait for NOC Approval. Lastly, these factors raise this housing endeavour’s value and financial potential.

Conclusion

All residents will soon have access to the living community, providing them with one of its highest standards of living and investment. Moreover, this is a long-term and worthwhile investment to well-known and reliable developers. Furthermore, the land will be in a prime location with many necessary access points. And according to the price range, it is a lawful housing endeavour with a high affordability rate that will assist create a long-term and lucrative investment. Most Importantly, the homes here will soon become known and meet the housing demands of future investors and residents. Lastly, Estate Land Marketing would support making the best investment here for all investors. So get in touch with them immediately for the opportunity to make a tremendous investment here.

FAQs

Q1. What is Park Zameen Town?

Park Zameen Town Rawalpindi is a world-class housing venture that will help create a sustainable and long-term investment in the vicinity of twin cities.

Q2. Who is Building this new and world-class Housing Scheme?

PZT Developers will be contrasting this new housing venture with the international living standards.

Q3. Where will be this housing venture located?

The site will be at Chakri Road opposite Fatima Jinnah Women’s University. Furthermore, it will be just three away from Rawalpindi Ring Road.

Q4. Is it will be approachable from vital sites?

The site will be highly approachable from the New Islamabad International Airport, Saddar, Rawat, Chaklala, and Zero Points.

Q5. What is its Legal Status?

The housing venture will be available and be approved soon by the Rawalpindi Development Authority (RDA).

Q6. Will there be a price range available?

Yes, the fair prices range with feasible instalment plans are available.

Q7. Will it be a worthy and valuable investment?

Investors can make a dream residential investment opportunity here because of the facilities and features.

Q8. How to get a fair deal and guidance to get investment here?

Estate Land Marketing would support making the best investment here for all investors.

Share this:
I-15 plots ready for ownership, Park Enclave-2 work to end soon

I-15 plots ready for ownership, Park Enclave-2 work to end soon

I-15 plots ready for ownership, Park Enclave-2 work to end soon. Captain (retired) Muhammad Usman Younis, the head of the Capital Development Authority (CDA), was told on September 13 that 5,000 plots in Sector I-15 are ready for possession and will soon be given to their owners. This was reported in the national dailies.

Read more with EL news: A balloting is done for the FGEHA’s Park Road housing project

Usman Younis, who is the head of the CDA, led a meeting to talk about the work being done to improve sector I-15. The plots are ready to be given to their owners, the chairman was told. During the meeting, the people there were told that work is being done on the plots in Park Enclave Phase-II and is almost done. It was said that the Park Enclave Phase-II plots would be given out soon.

Also, the chairman told the heads of the different departments to get rid of any obstacles that were slowing the growth of the sectors. At the meeting, people were told that a committee had been set up to speed up the follow-up process and solve court problems that had to do with land.

Share this:
A balloting is done for the FGEHA's Park Road housing project

A balloting is done for the FGEHA’s Park Road housing project

News sources said that on September 14, the Federal Government Employees Housing Authority (FGEHA) held a drawing for plots in the Park Road Housing Scheme for Federal Government Employees.

Read more with EL news: China and Pakistan jointly complete 27 USD 19 billion CPEC projects

According to the details, the voting took place at the Jinnah Convention Centre in Islamabad. Members of the Supreme Court Bar Association of Pakistan (SCBAP) also received allotment letters. Also, it was said that the voting was for plot numbers so that federal government employees could already get plots based on their age and length of service.

It’s important to know that FGEHA and SCBAP work together on the Park Road Housing Scheme.

Share this:
China and Pakistan jointly complete 27 USD 19 billion CPEC projects

China and Pakistan jointly complete 27 USD 19 billion CPEC projects

Islamabad: As part of the China-Pakistan-Economic-Corridor (CPEC), the governments of Pakistan and China have finished 27 projects worth a total of USD 19 billion. This was reported by news sources on September 13.

Read more with EL news: The property tax rate is set at 1% in Punjab

The projects were finished with the help of joint ventures (JVs) and direct investments from the Chinese government in the development of the port of Gwadar, the building of roads, energy corridors, and the growth of agriculture. A report by China Three Gorges South Asia Investment Ltd (CSAIL) called “Overview of Pakistan’s Power Sector and its Future Outlook” says that by 2030, another 63 projects with a total cost of USD 35,2 billion will be finished. The report says that 27 projects that will cost a total of USD 7.7 billion are in the planning stages and should be finished by 2025. There are 36 more projects in the works, which are expected to be done by 2030 and will cost an estimated USD 27.5 billion. The report says that the following projects have been finished in different fields:

Energy Sector

Eleven projects worth a total of $12 billion have been finished, and four projects worth a total of $6 billion are currently being built and are expected to be done by 2025. In the same way, seven more projects totaling USD 7.4 billion are in the works and should be finished by 2030.

Infrastructure sector
Seven projects with a total investment of USD 6.7 billion had been finished. Another six projects with a total investment of USD 0.9 billion were expected to be finished by 2025, and 12 projects with a total investment of USD 10.4 billion were expected to be finished by 2030.

The infrastructure projects in Gwadar
So far, 200 million dollars’ worth of work has been done on three projects. Two projects worth a total of USD 230 million will be done by 2025, and two more projects worth a total of USD 150 million should be done by 2030.

Special Economic Zones (SEZs)
With an investment of USD 500 million, four of the nine Special Economic Zones (SEZs) would be finished by 2025. The other five SEZs would be finished by 2030 with an investment of USD 1 billion.

Share this:
The property tax rate is set at 1% in Punjab

The property tax rate is set at 1% in Punjab

News sources say that Punjab Chief Minister (CM) Pervaiz Elahi signed a bill on Thursday, September 15, that sets the property transfer rate at 1% of the total value of the property.

Read more with EL news: PLDC and PHATA will manage housing developments in Punjab

The new property transfer rate will be used for all property transactions in the province, including those involving commercial assets. A statement from the CM Office says that the main goal of lowering and standardizing transfer rates is to boost the real estate industry and increase building activity, which will create more jobs.

Also, it was said that the new policy is meant to help a lot of people with their property problems and is in line with the government’s plan to improve the housing market.

Before, the rate of property transfers in Punjab was different in different cities and for different types of property. The government charged active taxpayers up to 1% of the tax and people who didn’t file taxes 2%.

Share this: