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Posts Tagged ‘Property New’

Pakistan Property News: DHA Lahore Phase 9 stamp duty and CVT issue resolved

December 1st, 2010 Comments off
Pakistan Property News: DHA Lahore Phase 9 stamp duty and CVT issue resolved
Important developments about CVT and Stamp duty today. Will update you about it in couple of hours after getting all official details.

My sources are telling me DC value is set at Rs 10 lacs and new stamp duty will be Rs 20000 and CVT will be Rs 20000 both together just 40K.

A well done job by DHA registered agents association

Ch Mujahid Yasin
03224009967

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Pakistan Property News: Zero Point interchange to be ready by December 31

November 29th, 2010 Comments off

Pakistan Property News: Zero Point interchange to be ready by December 31
Zero Point Interchange (ZPI), one of the on-going mega projects of the Capital Development Authority (CDA), would be completed by December 31 this year, said Project Director Mumtaz Hussain.
“We have planned to open the interchange by December 31 and hopefully we will achieve the objective within the stipulated time,” he told this agency.
However, the monument-loop down towards Islamabad Highway from Kashmir Highway would be opened after December 31, as work on this portion was started late. He said around 98 percent construction work had been completed and rest of the work was going on with satisfactory pace.
The construction company, Maqbool Associates, started the construction work in September, 2008.
He said the link roads between Faisal Avenue and Khayaban-e-Suharawardy, Faisal Avenue and Kashmir Highway, Kashmir Highway and Faisal Avenue, Islamabad Highway and Kashmir Highway, second lane of Khayaban-e-Suharawardy and Kashmir Highway had already been opened for traffic.
Mumtaz Hussain said that the CDA’s Environment Wing was making efforts to ensure utilisation of the spaces available between the loops and link roads of the project by beautifying these patches with attractive landscaping and plantation to reinforce its green character and pleasant environment.
He said the CDA had so far paid the construction company around Rs2 billion out of the total cost of Rs2.34 billion.
Talking to this agency, spokesman of Maqbool Associated Malik Shabbir expressed the satisfaction over the timely payment of bills.

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Pakistan Property News: 398 employees of Defence Ministry, GHQ to get plots398 employees of Defence Ministry

November 29th, 2010 Comments off

Pakistan Property News: 398 employees of Defence Ministry, GHQ to get plots398 employees of Defence Ministry

RAWALPINDI: The Ministry of Defence has approved a housing scheme covering over 30 acre of land for its own and the Army General Headquarters (GHQ)’s low-income employees from BPS-7 to BPS-14 and awarded development task to Rawalpindi Cantonment Board (RCB).

The housing scheme will have a school, mosque, modern park and other facilities while, the allotment letters will be distributed among the applicants in the November next year, RCB Executive Officer Rana Manzoor Ahmed Khan told APP on Sunday.

He said it was for the first time in the history of Rawalpindi Cantonment that a housing scheme was announced for low-income employees of the Ministry of Defence and GHQ.

Manzoor said the RCB has been awarded a contract of the development of the land. A total of 398 plots will be created and alongside the construction of roads and parks, the facilities of sewerage, electricity and gas will be made available, he added.

He said 92 plots of seven marla and 84 plots of five marla will be allotted to the law paid employees of the Ministry of Defence while the employees of GHQ will get 96 plots of seven marla and 100 plots of five marla.

Responding to a question, he said Rs 850 million had been allocated for the development work, of which Rs 12 million will be paid to IESCO for supply of electricity, Rs 38 million for construction of roads, Rs 6.5 million for sewerage system, Rs 4.6 million for underground water tank and Rs 4.5 million for tube-well and filtration plant.

The Executive Officer further said Rs 6.7 million had been allocated for water supply network, Rs 5 million for overhead tank, Rs 7 million for provision of Sui gas and Rs 2.1 million for installation of streetlights.

He said the Ministry of Defence and the GHQ had already released an amount of Rs 25 million for development work, while Rs 41.476 million will be released in the second phase.

Manzoor expressed the confidence that after the development work, land of the scheme will be handed over to the Ministry of Defence for onward distribution of plots among the applicants in November 2011.

He said the land was owned by the Ministry of Defence and there was no need to acquire any land for the scheme. He said direct monitoring of the development work would be ensured.

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