The rates of the Capital Gains Tax (CGT) and Withholding Tax on immovable properties would be rationalized in the upcoming budget (2025-26) to facilitate buyers and sellers of real estate sector from July 1 2025, sources told daily Business Recorder. The rates of withholding tax would be reduced on the import of raw materials/inputs in federal budget (2025-26). The rates of withholding taxes would also...
Over 200 kanal land of a cooperative housing society was illegally transferred to property tycoon Malik Riaz’s Bahria Town Lahore, the National Accountability Bureau (NAB) said, Daily Dawn Reported. NAB conducted an inquiry against officials of the Official Employees Cooperative Housing Society Ltd, revenue department and Bahria Town Lahore over the illegal transfer of the land. “The inquiry...
Capital Administration (CDA) had announced plans to launch a system for online property verification in Islamabad. With the launch of this system, people will now be able to verify the authenticity of any real estate project from the office of Deputy Commissioner (DC) Islamabad before investing their hard-earned money in it. https://www.cda.gov.pk/ “From now onwards, anyone who wants to buy...
A Riyadh-based engineering and construction firm has signed an investment agreement in a $12 billion real estate project in the eastern city of Lahore with a Pakistani business consortium. An MOU between Sarh Attqnia Company (SAC) and the Pakistani party, Javedan Corporation, was signed in Karachi on Sunday for the construction and development of the first phase of upcoming ‘Ravi City’ project to be...
Lahore Development Authority (LDA) is doing extra ordinary efforts to facilitate people and improve in its ease of doing business (EoDB). For this purpose, LDA has made some amendments in the "LDA Building Regulations 2019" to give approval to "Building Plan Sanctions" to facilitate business and encourage construction activities under the "Ease of Doing Business" reforms. LDA also organized a seminar...
Pre-bid conference of contractors for low cost Naya Pakistan Apartments in LDA City will be held on Feb 8, 2021 at LDA Engineering Wing office Johar Town. Tenders for the first phase of 35,000 apartments under New Pakistan Housing in Lahore were issued on January...
Lahore Development Authority (LDA) and the city police have expedited action against the rogue developers in Lahore as well as the districts of Kasur, Sheikhupura and Nankana. The Prime Minister, on learning about as many as 600 illegal housing schemes developed in Lahore division, ordered LDA for taking a concrete action in this regard. When the PM was told there was problem on the part of police...
Lahore Development Authority (LDA) announced to sell commercial plots through proper balloting. For this, LDA planned to distribute forms for application. LDA City is spread on 58000 Kanal land, and connected to major roads and even close to Lahore Airport. More than 10 thousand file holders are allotted plots in 13000 kanal land of Jinnah sector. Now, LDA is planning to allot commercial plots in...
National Accountability Bureau (NAB) Lahore in a ceremony distributed cheques worth Rs 730 million to the affectees of Ferozpur Housing Society and Model Housing Enclave. NAB Lahore Director General Shahzad Saleem was chief guest while senior officers of NAB and hundreds of affectees attended the ceremony. Addressing on the occasion, the DG NAB Lahore said the main objective of Bureau was to serve...
Punjab Govt has planned to build the apartment complex on an area of around 8,500 kanal for 35,000 units for Naya Pakistan Housing in Lahore within three years. Lahore Development Authority (LDA) has finally succeeded in reducing the cost of a 650 sq. ft single-storey housing unit from over Rs3.855 million to Rs2.224 million in the first phase of LDA’s Naya Pakistan Housing Scheme in Lahore. Under...
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