Graana.com and the Pakistan Institute of Development Economics (PIDE) came together to discuss the ‘Paradox of Housing Societies in Islamabad’ in a webinar.
The outcome of the informative session concluded that the civic agency – Capital Development Authority (CDA), has to play an active role in the effective implantation of housing societies’ regulations and bylaws.
In his opening remarks, Vice-Chancellor PIDE, Dr. Nadeem Ul Haque, stated, “We will be left with no agricultural land very soon, as everyone wants to buy cars, plots and wants to build houses, plazas and housing societies. The monopoly of housing societies and plots for governmental and non-governmental personnel must be strictly regulated. Government must focus on policy implementation.”
Representing Graana.com, Director Graana, Mr. Farhan Javed, explained, “We need to focus on vertical development and building construction. We need to solve as many people have invested in the real estate market, as it is not just a developer who is at stake. Government must focus on investment in this sector.
“We need to move toward digitisation and digitalisation for transparency in the real estate sector,” he further stressed.
“No completion certificate has been issued in the last 25 years by the CDA. About 90% of housing societies in Islamabad are without proper documentation,” stated Senior Research Economist at PIDE, Dr. Lubna Hassan
Tariq Malik, Vice President Media Town Islamabad, also participated in the webinar and shared his views about implementing real estate laws and regulations.
Along with Federal Minister for Science and Technology, Senator Shibli Faraz, all experts and participants of the webinar appreciated PIDE for all the steps taken to address political and social issues.
Islamabad: The chairman of the Capital Development Authority (CDA) and Chief Commissioner Islamabad, Muhammad Ali…
Peshawar: The Khyber Pakhtunkhwa government is exploring plans to construct a 31-kilometre outer ring road…
Islamabad: The National Highway Authority (NHA) has spent more than half of its development budget…
Karachi: A high-level meeting chaired by Sindh Minister for Local Government Syed Nasir Hussain Shah…
Riyadh: Saudi Real Estate Co. (Al Akaria) has signed a long-term lease agreement with Amsa…
Rawalpindi: The divisional administration has begun acquiring land for the Rs5 billion Thalian Interchange, a…
Welcome to Graana Blog - Pakistan’s Smartest Property Portal!
For more than a decade our intention has been to revolutionise the real estate industry in Pakistan. The same belief drove the vision of our real estate team, Graana where quality beats quantity.
We have introduced an extremely transparent and purposeful portal where we will help you buy, rent or sell your property. A place where you can sit back relax and let us market your projects and listings. We believe we have set new standards for the future of real estate in Pakistan by providing the smartest property portal.
