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Central Business District project to bring in Rs 100 billion investment

Central Business District project to bring in Rs 100 billion investment

ISLAMABAD: Prime Minister Imran Khan has said that Rs 100 Billion Investment is likely to come in the country from the Central Business District project while development projects have been started for the convenience of citizens and economic development. The government is making passive assets investable.

PM Statement about Rs 100 Billion Investment

An important meeting was held under the chairmanship of Prime Minister Imran Khan in which the Prime Minister was informed in the briefing that an investment of Rs 100 billion is expected in the first phase of Central Business District.

The Prime Minister has said that the government is making passive assets investable. He said that Central Business District and Ravi Urban Development projects are important for the future of Lahore and the country. Use environmentally friendly materials in projects.

Prime Minister Imran Khan directed that legal action be taken against illegal encroachments and illegal housing societies.

Pakistan's first plastic road inaugurated

Pakistan’s first plastic road inaugurated

ISLAMABAD: Pakistan’s first plastic road an ecofriendly road was inaugurated in Islamabad.

Pakistan’s first plastic road inaugurated in CDA

The road is made of recycled plastic and is a joint venture between the Capital Development Authority (CDA) and the National Incubation Center.

The road was inaugurated yesterday (Monday) by Interior Minister Sheikh Rashid Ahmed.

The total length of this road is one kilometer and it is one of the many steps taken to make Islamabad an eco-friendly city.

FBR decides to review property valuation rates

FBR decides to review property valuation rates

ISLAMABAD: The Federal Board of Revenue (FBR) has decided to review the property valuation rates.

Statement from FBR Spokesman

An FBR spokesman said the new immovable property rates would be worked out in consultation with various market stakeholders.

It may be recalled that recently FBR had fixed new valuation rates of properties in 40 major cities of Pakistan.

Following the FBR’s announcement, the Association of Realtors announced a nationwide wheel jam strike from Friday this week. He said that with the said action of FBR

Registration of real estate agents with FBR is mandatory

Registration of real estate agents with FBR is mandatory

ISLAMABAD: The government has made registration of real estate agents with the Federal Board of Revenue (FBR) mandatory.

Statement about registration of real estate agents with FBR

According to a statement issued by the FBR, registration of real estate agents with FBR has been made mandatory, after which no public or private development authority will be able to do business with an unregistered agent.

According to the declaration, transfer or registration of any kind of immovable property will not be possible without registration.

According to the notification, this condition will be applicable to all housing authorities and corporate housing societies while it will also be applicable to development schemes for residential or commercial purposes.

The FBR said that in case of violation, action would be taken against all such individuals and businesses under money laundering and terror financing laws.

Metropolitan Corporation Islamabad launches campaign against illegal housing societies

Metropolitan Corporation Islamabad launches campaign against illegal housing societies

ISLAMABAD: The district administration of the federal capital, Metropolitan Corporation Islamabad, has launched a campaign to discourage illegal housing societies.

Metropolitan Corporation Islamabad Crack

According to a notification issued by the Metropolitan Corporation Islamabad (MCI) Secretariat, the MCI has imposed a complete ban on advertising by all such housing societies through advertisements, billboards, banners and streamers which are from CDA. Will not be approved.

According to the statement, housing schemes and housing societies without NOC and all other documentary requirements from the Capital Development Authority (CDA) will be deemed illegal.

 

The CDA awarded the contract for the construction of Tenth Avenue to the NLC

The CDA awarded the contract for the construction of Tenth Avenue to the NLC

ISLAMABAD: The Federal Development Agency (FDA) has opened tenders for the construction of Tenth Avenue and awarded the contract to NLC, the lowest bidder. Tenth Avenue will be built in two phases.

The first phase will include construction of five km long road with installation of drainage system, construction of underpasses between roads and at railway crossings and electrical work while the second phase will include construction of flyover on Srinagar Highway.

Development work on both phases of Tenth Avenue will cost a total of Rs 10.28 billion.

The construction of Tenth Avenue is part of Islamabad’s master plan but no practical steps have been taken in the past for its construction.

The construction of Tenth Avenue will provide indirect services to the residents of Sector I10, H9, I9, H9 and other adjoining sectors while the construction of this road will also improve the flow of traffic on other adjoining major highways.

Pakistan's first property verification center

Inauguration of Pakistan’s first property verification center in Islamabad

ISLAMABAD: The Capital Administration has set up a property verification center in the federal capital Islamabad to curb illegal real estate transactions.

People can check the legitimacy of this property verification center before investing in real estate projects.

It is pertinent to mention here that in the real estate sector on a daily basis Rs. 4 to 5 billion is caught in the whirlpool of uncertified and illegal real estate projects.

Addressing a media conference after the inauguration of PVC, DC Islamabad Hamza Shafqat said that there are many schemes which claim that they are located in Islamabad but they are not there. He said that fraud is also committed by many approved societies.

He said that the first property verification center has been set up in Pakistan and any person who wants to buy a plot in any housing society can check his information from here.

CDA has allocated Rs 72 billion for the renovation of the centers

capital development authority Islamabad

ISLAMABAD: The Capital Development Authority (CDA) has allocated Rs 72 billion for better facilities in all the centers of Islamabad.

The restoration process includes widening of sidewalks, establishment of parking areas, street lights, sewerage, road carpeting, lane marking and other works.

According to the details, Rs 4.90 million has been allocated for rehabilitation of F-6, F-8, I-8, I-Nine and I-Ten centers alone.

Some feature of a successful real estate investor

Some Features of a Successful Real Estate Investor

It is said that man is a combination of his habits and manners. If you want to be successful, follow the habits of successful people. Success will follow in your footsteps. If somewhere in life you feel that your dreams are not on the path to reality then look at your habits, you must be missing something.

Read today’s self-help books or listen to seminars by experts in mind sciences, you will know that the whole game is about habits and manners. Real estate is also a wonderful world. Apparently wrapped in a chorus, this world has its own secrets and needs. Real estate is the only sector in the world where people give themselves economic growth twice a day and four times a night. The secret lies in the fact that the world’s population is growing and the demands of the modern way of life are changing. When it comes to habits, success in this sector also revolves around a few habits.

This list of habits may change a bit as it depends on the category in which you are working in this sector. That is, whether you are an investor, a realtor, a broker, an agent or a developer, because everyone has their own characteristics for success, but here we will talk about which ones

Believe in homework

This is the most basic and key attribute. Doing your homework before stepping into any place means preparing yourself mentally for that stage.

The point is, since real estate is a game of capital, don’t let it get you down. The best way to do your homework is to talk to experts and spend time learning from specific people in the domain you are in.

Whatever position you are working in real estate, each position has its own mysteries and secrets which are known only to those who have invested time and energy in this sector.

The process of learning from experts and the process of increasing one’s understanding is called homework, which in no case does any harm but is a source of benefit.

Successful people are in control of almost every single moment of their lives. They go to the ground and participate in the decision-making process only after seeing the ground realities. Their decision does not depend on what anyone says, it is the result of their own feelings.

Commitment to expand the investment portfolio

Take a look at the portfolio of any successful real estate investor, you will not find satisfaction in a single investment there, but you will see that there are many types of real estate investing and large investors investing in different types. Are
Successful investment is related to the transfer of capital to different places and markets. A big investor is never satisfied with a few buds while treating ailments in New City Phase 2 Wah Cantt. This means that one never stops after one or two successful investments but keeps looking for different opportunities.

The habit of looking for opportunities in dangers

Granted, real estate is a challenging area. It also demands talent and education. It also requires networking and patience. Successful people are in control of almost every single moment of risk management and assessment.

This means that they know what the dangers are, what the potential is for those challenges, and when the small plants they plant with their hands can become a fertile tree. They know their market and their value in the market. Their hand is like the pulse of the market.

That is, wherever something happens, they know it first. Talk to them about mortgage rates, from the unemployment rate to the real estate sector transformation, talk to them about the economic potential of a particular area or the future scenario, they know everything. And will understand.

Reading habits, understanding of the law

It is often the case that newcomers to the sector do not pay much attention to legal matters. They feel as if someone told them something about a land, as if it were God.

Such people generally do not know what is legal and what is illegal in real estate. What is the significance of NOC i.e. No Objection Certificate, which institution is in charge of land regulation, which documents need to be checked before spending any amount and how much detail needs to be covered.

What is the formula for ownership, approval, demand and delivery and how to complete the checking process of this formula, these are some of the basic questions that need to be understood. While there is a lot of talk about habits for success in this sector, one of the habits is to constantly focus on increasing your understanding and comprehension.

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