Shared updates on the redevelopment of the Kalma Chowk Underpass

Shared updates on the redevelopment of the Kalma Chowk Underpass

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Lahore: The Punjab Central Business District Development Authority (PCBDDA) told a news source on December 6 that it has finished more than 560 piles so far in the renovation of the Kalma Chowk Underpass.

Read more with EL news: LDA creates bylaws that permit high rises in cities

Riaz Hussain, who is the Executive Director of Technical for the PCBDDA, said that the underpass project is moving along quickly. It was said that the government has finished more than 560 piles so far. The executive director said that the authority is committed to finishing the project to remodel the Kalma Chowk Underpass by a certain date. Also, the authority has sped up the work on the parking plaza and finished pouring concrete for the walls that will hold back water.

Also, the executive director asked commuters to make plans based on what the City Traffic Office (CTO) and PCBDDA said about traffic. A traffic officer for the city said that this project will solve a number of traffic problems.

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LDA creates bylaws that permit high rises in cities

LDA creates bylaws that permit high rises in cities

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On December 5, news sources said that the Lahore Development Authority (LDA) changed the city’s building and construction laws to allow the construction of buildings with more than 7 floors.

Read more with EL news: Unoccupied property impedes real estate industry expansion

According to new rules, plots of land that are four kanals or bigger can now have buildings with up to seven stories. After a new law was passed, the following restrictions would go into effect:

Raiwind Road, Khyban-e-Jinnah and Shaukat Ali Road

On plots of land of 4 kanal or more, buildings with a ground floor plus 7 stories will be allowed. On plots of land of 2 to 4 kanal, buildings with a ground floor plus 6 stories will be allowed.
On plots of 10 marlas or more, people will be able to build buildings with a ground floor and up to four floors.

For the Johar Town bypass road, the LDA has given permission for buildings with 10 floors and a ground floor to be built on 4 kanal plots. The LDA has also banned the building of warehouses and wholesale markets on newly designated commercial roads in the city. This is done to control traffic flow.

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Forces School Flagship Campus Blue World City Islamabad

Forces School Flagship Campus Blue World City Islamabad

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Forces School will be part of the blue world city Islamabad. Moreover, there will be several other educational institutes available in the community. The developers are keen to offer all shareholders and residents the most outstanding conveniences. The schools will allow investors to make long-term living and educational opportunities in the community. Therefore, the investment is increasing in the community, showing that investors find this investment opportunity more trustworthy and worthwhile. Furthermore, the blog will be including all the details regarding the Forces school’s provision.

Lastly, Forces School Flagship Campus Blue World City Islamabad will be the best feature of the housing project.

Forces School Flagship Campus

The forces school will offer high-quality educational facilities to all the investors at the Blue World City. Moreover, the school will be offering an international and updated curriculum. The syllabus will enhance the analytical and research skills of the students. Furthermore, according to the latest updates, the military officers will manage the senior army officers, who know the importance of teaching and educational opportunities in the community. Lastly, the campus will make sure that minimal fees will be required to be paid by the investors.

Forces School Features

Several features will be available at the Forces school to ensure quality education for all investors and residents. Moreover, there will be world-class educational features will be available. The most prominent aspects of studying at this school are here.

Forces School features

 

Blocks & Departments

Several blocks and departments will be part of the school. Moreover, there will be an admin block, science and IT Labs, library, auditorium, and examination hall available at this school. Furthermore, separate boys’ and girls campuses will be available to ensure that both genders fulfill the dream of quality education here. Lastly, the high-quality architecture will also enhance the student’s learning experience.

Moreover, the scenery of the school is just impeccable. it may include Burj-al-Arab, a cricket stadium, a sports arena, and much more. So, that adds a whole lot of calming energy around the vicinity.

Cafeteria

A cafeteria will be available in the community, enhancing the learning capacity among the students. Moreover, the menu will be high quality according to the student’s preference. A cafeteria facility will also encourage the parents to allow their children to gain the optimal learning experience in the community. Furthermore, the meals will be of low prices that students and hostel-bound students can easily afford. Lastly, good hygiene practices will bring out healthy meal options.

Hostels

The Forces school will also have hostel provisions that will allow the students from surrounding areas to come here and attain the goal of high-quality education. Moreover, there will be the provision of both boys’ and girls’ hostels. The condition enhances the admission rates at the Forces school. Most importantly, the hostel will be clean, and its infrastructural quality will be of premium quality.

The residents of the Blue World City and investors from the adjacent areas can easily send their children to the hostel. Moreover, the students from the far-fledged area can be part of the learning space. Lastly, the admission and hostel fees will be minimal, motivating the students.

Sports Facilities

There will be sports features and amenities available in the community. Moreover, indoor and outdoor sports complexes will be available at the Forces schools. The developers are already keen to bring out the best living standard for everyone. Therefore, there will be a Forces School that will also promote health and sports-related activities among the students. Lastly, international standards of sorts events will be organized in the school to promote the importance of sports among the young generation.

Development Status

The Forces School Construction is happening fast in the community. Moreover, there will be several high-quality blocks and departments available there. The Five-floor construction work is almost complete, and the overall building will soon be ready to start the academic activities. Lastly, soon the investors of Blue World City will avail of this facility, just the tallest Horse Mascots provision.

Conclusion

The housing project is one of the famous residential investment opportunities in the twin cities. Moreover, there are several perks of making here an ideal living standard for all the investors and the residents. The Forces schools are becoming famous because they promise that all students achieve higher and international academic goals within the community. Most importantly, the fees for the school and the hostel will be minimal and range for most pupils and investors.

In addition, several blocks, departments, sports facilities, and hostel provisions will be available for all students. All these facilities will be available at the school to enhance the learning experience among the students. Furthermore, the secure gated environment will create trust among the parents. Lastly, other improvement and investment specifics will be accessible at the Estate Land Marketing. So, without hesitation, contact them now.

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Largest Cricket Stadium in Blue World City Sports Valley

Largest Cricket Stadium in Blue World City Sports Valley

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Cricket stadium is a luxurious commodity that all investors might find interesting before investing. The blue world city developers will create a sports block in the community that will offer several other sports facilities to all the residents. Moreover, the developers are trying to make it the ideal and unique housing project where all primary and high-end features and amenities will be available. Several more facilities will be present in the surroundings of the cricket stadium.

The best aspect will be that this will be Pakistan’s largest cricket stadium at the magnificent Blue World City. Lastly, other details of the cricket ground are available in this blog.

Pakistan’s Largest Cricket Stadium

The largest cricket stadium will soon be available at the Sports Valley block of Blue World City. Moreover, several other facilities around the stadium will allow the investors to fulfill their needs. The developers are bringing the one-of-a-kind one of the largest cricket stadiums in the community. Most importantly, all residents can access it whenever they want. The charming and fascinating aspect will be that commercial facilities will be available near the cricket stadium.

The stadium is the most enchanted factor of the Sports Valley Block. Moreover, there will be more than 55,000 spectators capacity available, where investors can have international standards of living. Furthermore, commercial units will be available near the stadium, increasing the worth of the investments. Lastly, all investors from the country can get an ideal and worthwhile investment in the BWC.

Cricket Stadium Features

Several of Blue World City’s stadium Features will help investors make long-term living standards. Moreover, the other specifications of the largest cricket stadium are here:

Cricket stadium

High-Quality Ground

Among many other reasons to invest in Blue World City, the developers will be creating a space that will be of high quality. Moreover, the best materials to construct and prepare the ground will be available. The cricket stadium ground has to be of good quality; otherwise, it will not be able to help the players lead an exceptional game. Lastly, the creators are not only fulfilling the needs of residents but also of international competitions.

Pakistan’s Largest Cricket Stadium

The cricket stadium will be the largest gaming facility available in the community. Moreover, the developers of the BWC are trying to create one of the best gaming facilities for all investors. Furthermore, there will be space for 55,000 spectators to enjoy the live match at the exceptional housing society. The developers will provide this facility to the community in the unique Sports Valley Block.

Shadowless LED Lights

There will be shadowless LED lights in the surroundings of the cricket stadium. Moreover, these lights will facilitate the players in the game. The developers are trying to give the best playing experience to all the players and spectators. Therefore, there are installing high-quality lights in the cricket stadium.

Dressing Rooms

Two or more dressing rooms will be available in the community. Moreover, it will be the distinctive feature of the cricket stadium. There will be enough space where all investors can go and rest according to the requirements. The provision will allow for the creation of a sustainable and healthy cricket game for all the spectators.

Ideal Site

The players and spectators will enjoy cricket here because of the location and the accessibility. Moreover, it will be near Sunset Boulevard, directly accessible from Defense Road. Furthermore, the developers will create an approachability enhanced by closeness to the M2 Motorway and the Rawalpindi Ring Road. With just five minutes, investors and spectators can reach these sites.

Modern Gymnasiums

There will be a provision for a modern gymnasium in the cricket stadium. These gyms will give players a feasible place to attain their fitness goals. Moreover, world-class equipment will be available at the gyms, adding to the quality of workouts while exercising. Lastly, there will be access open for the investors to gain better fitness goals.

Secured Gated Environment

The secure environment will allow the investors to make the ideal and long-term investment in this community. Moreover, several additional facilities will be available at the housing project, like the Tallest Horse mascots, Second Cup coffee, and the Burj Al Khalifa Replica. All these facilities and features will be available in the gated community to offer everyone a lucrative and blissful experience.

Conclusion

The cricket stadium is the unique feature that Blue World City will soon offer investors and residents. Moreover, there will be several features available in the community that will make the investment worthwhile and experience blissful. The housing project’s creators will make a sports valley block offering several other features and sports-related facilities to all investors. All the features and amenities will be available at inexpensive rates. And just by giving down payments, the investors can make a long-term investment at the Blue World City Islamabad. Lastly, Estate Land Marketing will also greatly help create a sustainable investment in the community.

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Second Cup Coffee in Blue World City

Second Cup Coffee in Blue World City

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Second Cup is one of the famous coffee companies available in Blue World City Islamabad. Moreover, there will be best quality coffee will be available for the residents of the housing project. The developers will create a blissful lifestyle for everyone. There will be several other benefits and features available in the community. Furthermore, Blue World City Islamabad developers are bringing this franchise into the housing community. And that will help to make it one of the unique residential communities available in the twin cities. Lastly, the other details regarding the second Cup will be available in this blog post.

Cup Coffee Franchise -Advantages

Several great reasons will guarantee all investors valuable and worthwhile living standards o all investors in the community. Here are some prime reasons for having a second-cup franchise in the community.

Second Cup

Splendid Location

The Second Cup franchise will be available at the excellent site of the housing project. Moreover, other amenities will be in the surroundings, and the best aspect will be that it will be close to the Horse Mascots. The location will be the prime location in the community. All residents from all blocks can access the coffee shop and have a great time with their family and friends. All these facilities will only be available at the Blue World City Islamabad.

Improved Living Standards

The ideal and optimal living standards can only be achievable at the housing project. Moreover, several other food options will be part of the shop where the clients can get the ideal meal. But, most importantly, the provision of the housing community will make it the most blissful experience for all the investors and residents. Lastly, investment in this housing project will be valuable and a blissful opportunity for everyone.

Corporate Meeting Area

The site will be a great spot to make profitable business deals. Moreover, the high-class environment and the area’s unique architecture will let the clients arrange ideal business meetings. Most importantly, the surroundings will be secure and peaceful, making it an optimal spot for the corporate meeting. Lastly, the residents of twin cities can benefit from the second Cup only in Blue World City to attain an optimal and sustainable lifestyle.

Best Outing Spot

The brand name is enough to grab the attention of investors because everyone loves Second Cup and wants to have it nearby. Therefore, the blue world city owner will create an ideal spot for all prospective residents to spend leisure and quality time with their families. Most importantly, it is in the housing project, so the residents do not need to go out and benefit from the feature within the community. The best aspect will be that all investors can benefit from it by investing a minimal down payment on the properties.

Why Second Cup Coffee?

The Second Cup is one of the best coffee companies in Canada. Moreover, their developers are spreading the brand throughout the country. The coffee is famous because of the perfect blend and recipe that their clients can not find anywhere else. Furthermore, it is a world-class brand that is a catchy strategy to grab the investor’s interest in making an optimal and worthy investment at Blue World City Islamabad. Most importantly, its availability will also grab the attention of overseas clients because they want to invest in high-end housing projects. Furthermore, it will increase the prospective residents’ trust and reliability. Lastly, several other features are available in the community, like the Burj Al Arab replica, the Blue Mosque replica, and the tallest horse mascots.

Conclusion

The Second Cup is one of the famous brands now available in the community. Moreover, there will be several varieties of amenities, and features will be part of the housing project. The residents will benefit from the world-class facilities within the gated community. Furthermore, residents can find all these blissful experiences is affordable rates by paying easy instalments. The second cup franchise will not only offer blended coffee with other flavorful food items.

Most importantly, the developers are keen to offer the unique aspect of living at the housing project. Therefore investment in Blue World City Islamabad will allow investors to have great leisure time in the community. Lastly, connect now with Estate Land Marketing for an optimal and worthwhile investment.

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Unoccupied property impedes real estate industry expansion

Unoccupied property impedes real estate industry expansion

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LAHORE: The “Hold on for Dear Life” (HODL) mentality in the real estate industry means that individual and institutional investors own more than one residential property that is not being used. They are waiting to sell the property on purpose so that they can get a higher price when they do sell it.

Read more with EL news: CM Elahi introduces Phase 2 journalist housing scheme

In Pakistan, there are laws that let the wealthy hoard different kinds of assets and finished goods to make their value go up as they age. We’ve seen this happen many times with different goods, even when land prices went up.

A real estate broker named Muhammad Ali Rehman said, “There have been problems on both the supply and demand sides of the housing finance market.”

“The biggest problems with the mortgage industry’s supply side are the lack of good foreclosure tools, the uncertainty of title deeds, the lack of new products, the risk of a maturity mismatch because there isn’t enough long-term funding, and the lack of skilled mortgage bankers. On the demand side, some of the biggest problems are rising property prices, a lack of financing options, the lack of formal financial services, and fluctuating interest rates,” he said.

The elite’s special interests are hurting the majority of people and making the climate disaster in Pakistan much worse than it should have been. Even now, Pakistan’s trade deficit has reached a record high of $48.66 billion because imports are going through the roof. This is up from $30.96 billion a year ago, which is a big jump of 57%.

At the same time, data from the central bank shows that there are about 10 million units of housing that are needed.

The elite and the richest 1% have done everything they can to stop laws that would prevent them from owning empty homes. They also continue to ignore the fact that the devastating floods in Sindh have left 12.5 million people without homes.

Census information from 2017 from the Pakistan Bureau of Statistics (PBS) shows that 25% of the houses in Pakistan have a weak structure. The data also shows that 26 million houses are owned, 4 million are rented, and 2 million are rent-free. Of these, 74% are made of stones, bricks, and baked bricks, 18% are made of mud or unbaked bricks, and 7% are made of wood or bamboo.

It is thought that about 700,000 new homes are needed each year, but only about half of this number is actually built. This is partly because people are holding on to land, which comes from the HODL mentality, so they can make more money when they sell the land in the future.

As a way to fix this, a double-digit non-usage fee (NUF) can be put on land. This would force people who own more than one plot of residential property to sell it or become partners in whatever project is built on the land.

Experts said that these stay orders should not apply to housing societies that are owned by the government.

Farhan Javed, Group Director at the online real estate market Graana, said, “Graana thinks this should be done.”

“In Pakistan, a lot of money is put into real estate, and it’s still the most popular asset class for people who want to invest. But what’s really going on in the sector is that people are trading files that show plots of land for housing societies that don’t even exist yet and won’t be built for 30 years. There are a lot of empty plots in places like DHA and Bahria that are well-known. “It will take between 20 and 30 years for these to be useful,” he said.

Javed emphasised that real estate should be useful by saying, “If someone buys a plot, they should have three to five years to build something on it to make it useful for the economy. The market will drop when a double-digit non-usage fee is put on residential land and a double-digit advance tax is put on the purchase and sale of vacant plots, but this is the only way for Pakistan to make money from investment in the real estate sector.

Recent price trends show that houses and other residential property continue to go up in value. This is because the NUF is low and the cost of HODLing is high. In the last six months, the index for residential property and houses has gone up by 7.2% to 7.5%, from 404 to 342.

“A NUF in the double digits will lower the value of the land itself, forcing the owners to sell or work with developers,” said Javed.

“Realistically, those who have extra plots will start showing that they are under construction with a small amount of money and try to buy time,” said Jawad Nayyar, Co-Founder of DAO PropTech, a FinTech that uses blockchain to make fractional real estate ownership more accessible to more people.

“It won’t be a huge help, but more work will be needed in the direct and indirect sectors because of it. Everyone who works in the real estate business will benefit. The empty plots are now being used as green pastures, which is bad for the environment,” he said.

Increasing non-usage fees will cause a construction boom, which will bring construction jobs to Pakistan, boost the local finished goods industries, and help increase the number of people who own their own homes. As a result, there will be more building, and once a double-digit NUF affects land value, the price of homes will go down because of unit economics. In four to five years, the perceived high value of land may go down, making housing more affordable for everyone.

The author is a senior research assistant at the Institute of Development and Economic Alternative (IDEAS)

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CM Elahi introduces Phase 2 journalist housing scheme

CM Elahi introduces Phase 2 journalist housing scheme

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According to news from December, Punjab Chief Minister (CM) Chaudhry Pervaiz Elahi announced that the second phase of the Lahore Press Club Housing Scheme would begin.

Read more with EL news: Mahmood evaluates the development of city revitalization projects

The 10th meeting of the Punjab Journalist Housing Foundation Board was held at the CM’s official residence. The CM was in charge of the meeting. The minister said that the land will be given out in the Tehsil Cantt, where 500 kanals will be set aside for 5-marla plots in the Ashiana Housing Scheme.

During the meeting, CM Elahi said that 15 plots in Block B that had been given out illegally had been taken back and would be given to the rightful owners of Block B. The minister told the police to get rid of the illegal people living in Block B of Press Club Housing Schemes, and the people who were wronged will get what is due to them. The minister also called a meeting to talk about the problems of the people in Block B.

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Mahmood evaluates the development of city revitalization projects

Mahmood evaluates the development of city revitalization projects

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Mahmood Khan, the Chief Minister of Khyber Pakhtunkhwa, has said that the Khyber Pakhtunkhwa Cities Improvement Project (KPCIP) is an important plan that, when finished, will change the whole look of the divisional headquarters.

He said that the provincial government believed in using public resources in a fair and efficient way, and that the KPCIP would be a big step toward giving people better public and recreational spaces.

Read more with EL news: WCLA will enhance Mall Road as part of the Dilkash Lahore project

This was said by the chief minister at a meeting in the provincial capital to talk about how the KPCIP was going.

An official statement released here on Sunday said that the Rs97 billion project was started to improve five divisional headquarters with things like drinking water, green spaces, and other amenities.

The participants were told that projects to build recreation parks and a sewage treatment plant in the districts of Kohat, Mardan, Mingora, and Peshawar, with a total cost of Rs9 billion, were ready to be put into action.

The statement said that agreements worth Rs7.5 billion had been signed for water supply systems in Kohat and Peshawar, a sewage treatment plant in Mardan worth Rs8.3 billion, and water supply network projects in Mingora worth Rs20 billion.

When he spoke at the meeting, the chief minister said that KPCIP was one of his government’s “mega projects,” and he stressed that all of the related projects had to be done by the deadline.

He told people to hurry up and buy construction equipment, and he said that the projects would get started as soon as the equipment was ready.

The chief minister said that development plans were made with the needs of different divisional headquarters in mind so that people could get basic services.

At the meeting were the chief secretary Shehzad Bangash, the additional chief secretary Shahab Ali Shah, the administrative secretaries of the departments involved, the KPCIP project director, and other important people.

Mahmood Khan also started a lot of different projects, like fixing the water supply system, building a new water treatment plant, and fixing up the old bazaar in the city of Abbottabad.

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WCLA will enhance Mall Road as part of the Dilkash Lahore project

WCLA will enhance Mall Road as part of the Dilkash Lahore project

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News sources said on December 2 that the Walled City Lahore Authority (WCLA) has started to repair and improve the Mall Road as part of the Dilkash Lahore project.

The PKR 487.7 million project will fix up the road from Charring-Cross to Old Tollinton Market and make it look better. In the first phase of the project, public gathering spaces, public seating areas, and electric lighting will be built, along with traditional activities. Billboards, directional signs, and historical plaques will also be put up in different places.

Read more with EL news: The Chief Minister begins works on Abbottabad-Thandiani Road

Kamran Lashari, the director general of WCLA, told the media that the project will make Lahore a much better place to visit and will bring more tourists to the city. He said that Mall Road has always been the centre of Lahore, and he said that this cannot be said enough. WCLA has decided to spend a lot of money on the project because of this.

It is important to say that the WCLA is in charge of keeping the city’s historic and culturally important buildings and monuments in good shape. The WCLA and the French government just signed a deal to restore the historic Lahore Fort to its former glory and protect sensitive places.

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The Chief Minister begins works on Abbottabad-Thandiani Road

The Chief Minister begins works on Abbottabad-Thandiani Road

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Khyber Pakhtunkhwa (KP) Chief Minister (CM) Mahmood Khan has officially started building the Abbottabad-Thandiani Road, which is a huge project under the Integrated Tourism Development Project. This was reported in a December 2 news story.

Read more with EL news: Progress achieved in settling the Peshawar-Khyber boundary issue

At a meeting to review the development projects, CM Khan said that every effort was being made to make sure that taxpayers’ money was used wisely. Details show that work has begun on the Abbottabad-Thandiani Road, which is 24.3 kilometers long and will cost PKR 3 billion to build.

During the meeting, the minister was told that the construction equipment had been moved to the Mankyal-Bada Sarai-Jabai Road site, which is 22 kilometers long and will cost a total of PKR 5.7 billion to finish. At the event, the CM said that both projects are important for making things easier for tourists and boosting tourism in the area.

It is important to note that these projects are part of the Kite Project, which includes four Integrated Tourism Zones in the province. These are Thandiani (Abbottabad), Madakalasht (Chitral), Ghanol (Mansehra), and Mankyal, which are all funded by the World Bank (WB) (Swat).

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