Illegal Property

The impact of Financial Action Task Force (FATF) on the Real Estate sector of Pakistan

November 12, 2021

Introduction Recently, the Financial Action Task Force (FATF) announced its decision to keep Pakistan on its grey list but ruled out the possibility of blacklisting the country as it has met most of the conditions under the recommendation plan. In light of this development, the Federal Board of Revenue (FBR)[...]

Karachi’s Tejori Heights to be demolished: rules Supreme Court

October 29, 2021

KARACHI: The 182-luxury apartment Tejori Heights project to be demolished after being built illegally in Karachi's Gulshan-e-Iqbal area, on land owned by Pakistan Railways: rules Supreme Court. Within a month, Karachi’s Commissioner has been tasked to raze the building project, owned by Karachi Town Builders & Developers. This development came[...]

Punjab govt. forms Punjab Commission on irregular housing schemes

October 7, 2021

LAHORE: The provincial government of Punjab sets up a five-member Punjab Commission to regularise all irregular housing schemes. The commission has been tasked to inspect all irregular private housing schemes and land subdivisions, both - developed and those being constructed without the development authority’s approval. The housing schemes will be[...]

PM Imran Khan to launch digitised cadastral map of Islamabad today

September 8, 2021

ISLAMABAD: Prime Minister Imran Khan is set to launch Islamabad’s digital cadastral map today. The initiative aims to control the tampering of land records and monitor ongoing construction projects through extensive imagery to provide accurate and updated information about land ownership through a single click, especially for the overseas Pakistanis.[...]

The Predicament of Katchi Abadis – Mehrabadi; A Case Study

August 12, 2021

In Pakistan, about 40.1% of the population lives in urban slums. In Islamabad, there are a total of sixty-three slums in 20 out of 26 union councils in the city, according to a 2017 national census conducted by UNICEF. The census further revealed that; Out of the total 1 million[...]

DC Multan launches crackdown against illegal commercial buildings

August 12, 2021

MULTAN: While presiding over a meeting of the District Planning & Design Committee (DP&DC), Deputy Commissioner Ali Shahzad has ordered a crackdown against illegal commercial buildings without maps. The building projects found in violation will be issued Non-Objection Certificates (NOCs). In a bid to promote commercial activities, the Multan Development Authority[...]

Things you need to know about security and exchange commision of Pakistan

July 8, 2021

Pakistan is a developing country where multiple businesses and corporations operate. To keep a check and balance on these entities and to make sure that their goals align with the national goals, a regulatory body must keep a watchful eye on them. For this purpose, the security and exchange commission[...]

Regulating Real Estate Marketing

April 16, 2021

As the demand for housing grows due to increased rural to urban migration in search of a better lifestyle, the real estate sector is becoming more and more lucrative for developers and contractors. In light of this huge demand, it has been seen that multiple housing projects and commercial projects[...]

Regulating Real Estate Development Projects

April 12, 2021

Real estate development projects are famous among the public due to their high growth potential, access to multiple facilities, and easy payment schemes. They usually offer many benefits and rely heavily on investor capital for development. Mostly, land in far urban areas does not have proper infrastructure for residential or[...]

Impact of ‘Land Encroachment’ category on real estate sector

April 10, 2021

Land encroachment is one of the major impediments in urban development. This illegal activity is a common practice not only in Pakistan but also dominates a major portion of urban culture in many developing nations. The land encroachers do not have a defined set of patterns, they illegally occupy public[...]