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KDAs Upcoming Low Cost Housing Schemes

KDAs Upcoming Low Cost Housing Schemes

All You Need To Know About the KDA Low-Cost Public Housing Schemes in Karachi Pakistan’s largest metropolis, Karachi, is getting four new housing projects. These projects are aimed at providing affordable housing to the populace in the most competitive and expensive real estate market in the country. With the fast-growing population and soaring property prices, it is getting extremely difficult for the lower-income citizens to buy something of their own. Director-General KDA, Dr. Badar Jamil Mandhro, told a news channel that the schemes will be formally announced soon via newspaper advertisements. The four new housing schemes in Karachi will be set up in Surjani Town, FB Area Block 1, Korangi, and KDA Scheme 1. The housing projects will consist of plots and apartments. Measurements of these apartments and plots will be 80, 120, 200 and 240 square yards respectively.

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Laws Safeguarding Rights of Pakistani Property Owners

Laws Safeguarding Rights of Pakistani Property Owners

Property Owners: DO YOU KNOW ALL YOUR RIGHTS ? Although things seem mismanaged and disorderly in our dear country, there are laws in place that govern all aspects of ownership of property in Pakistan. These laws cover buying and selling of real estate in Pakistan. As a property owner, you should know these laws. The Transfer of Property Act, 1882 The Transfer of Property Act of 1882 is the oldest law that is still being followed regarding the real estate in Pakistan. This Act explains how properties can be transferred, what types of properties are transferable, and people who are permitted to transfer properties. The Stamp Act, 1899 The Stamp Act of 1899 is a very widely used law that incorporates that all legal documents must be published on Stamp papers issued by the Government of Pakistan. These stamp papers are deemed of a certain value, the revenue of which goes to the government. The stamp papers also validate any transaction that may be carried out. The Registration Act, 1908 The Registration Act of 1908 is a very comprehensive law that encompasses all aspects of registration of property in Pakistan. It comprises of 15 Sections that describe these details completely. This Act applies to all areas of Pakistan except a few districts. The Land Revenue Act, 1967 The Land Revenue Act of 1967 describes the overall structure and progressive system of the land and revenue department of Pakistan. The Act additionally gives clear rules on collecting land income. The rudimentary issues of partition of land, marking of boundaries, settlements, and conducting surveys also part of the Land Revenue Act of 1967.

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ASF City Karachi Announces Balloting

ASF City Karachi Announces Balloting

All remaining un-balloted files to be balloted on October 4th Dubbed as “The Sustainable City of Pakistan”, ASF City Karachi (ACK) will provide a guideline for future independent cities. ASF City intends to provide a comfortable, efficient, and secure environment for its residents. ASF Towers The long expected balloting of ASF City Karachi is finally arriving. The management of ASF City Karachi has announced that all remaining active un-balloted files that do not have any outstanding payments will undergo the balloting process on 4th October, 2019. Civic Center The ASF City Karachi management has also outlined the conditions that must be met in order for the file to be part of the balloting ceremony: All 9 installments/dues must be cleared Installments/dues must be cleared by 30th September, 2019 Moreover, files with outstanding payments will not be part of the balloting process. ASF Gate If you own a file for ASF City Karachi, don’t miss out on the balloting. Make sure you meet the set conditions.

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Prime Investment Opportunities in the Capital City

Prime Investment Opportunities in the Capital City

Unique Realty for you to Invest in! Green Oaks Islamabad Green Oaks Islamabad A one-of-a-kind project that combines nature’s way in the form of organic farming and modern living. The Green Oaks offers organic commercial farming residential land ranging from 2 Kanal to 16 Kanal. The prices of these residential plots are respectively PKR 2,800,000 to PKR 15,000,000. Green Oaks Islamabad Location Capital Smart City Islamabad (CSCI) Capital Smart City Islamabad Capital Smart City Islamabad will be the first-ever Smart City in Pakistan. Having its own interchange on the M2 Motorway and a location near the New Islamabad International Airport make it the perfect investment opportunity for future growth. The scheme is offering a wide range of residential (5 Marla – 2 Kanal) and commercial (4 Marla – 1 Kanal) units ranging from PKR 2,310,000 to PKR 38,000,000. Capital Smart City Islamabad Location Motorway City Islamabad Motorway City Islamabad Located about 10 kilometers from the New Islamabad International Airport, Qazi Group’s Motorway City Islamabad offers low-cost residential plots. The builders have introduced an “Executive Block” that offers modern superior living in a budget. Offered residential properties range from 138 sq. yd at PKR 1,450,000 to 500 sq. yd available at PKR 4,950,000. Motorway City Islamabad Location Aquatic Mall Islamabad Aquatic Mall Islamabad Inspired by marine life, the Aquatic Mall Islamabad is a unique upcoming project that boasts Pakistan’s first-ever Under Water Themed shopping mall and residence. The property features an under-water tunnel and the world’s tallest cylindrical acrylic Glass Aquarium. The mega-mall if offering shops, offices, apartments, and suites on 9 floors ranging from PKR 3,000,000 to PKR 52,000,000. Aquatic Mall Islamabad Location Blue World City Islamabad Blue World City Islamabad In collaboration with Shan Jian Municipal Engineering Company from China, Blue Group of Companies is launching the first-ever mega-housing scheme that will be developed by the Chinese. Blue World City Islamabad is offering residential and commercial plots along with farm houses. The price range at this development is from PKR 1,000,000 to PKR 7,560,000. Blue World City Islamabad Location

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Big News Regarding Gwadar

Big News Regarding Gwadar

Crown Jewel Of Gwadar: Sanghar Society Sanghar Housing Scheme was launched in late 90s and is the crown jewel of Gwadar residential property market. Sanghar Housing Society, Gwadar Did you know that it is fully financed and supported by the provincial government of Balochistan? Sea Port ,Gwadar Located at the top of Koh-e-Batil, the Sanghar Housing Scheme spans over 2500 acres and is surrounded by the Indian Ocean from all four sides, giving its residents an astonishing view. Koh-e-Batil ,Gwadar To top it, Sanghar Housing Scheme neighbours Pearl Continental Hotel, Gwadar as well as the installations of Pakistan Navy. Pearl Continental , Gwadar The Community also houses mosques, parks, golf course, hotels and resorts. From a total of 5 phases, maps of phase 1 and 4 have already been issued. Sanghar Housing Scheme offers plots for both residential and commercial development in various sizes. Map of Gwadar The Housing Society sites on an underground water reservoir with an estimated quantity of 40,000 gallons and houses wide roads with the best security walls, electrification work, desalination plant and sewage treatment plant has been designed for it. Prime View Location, Gwadar A total of 80% of the work on current phases is already done, whereas the rest is soon to be completed. image title: Gwadar City View, Pakistan Sanghar Housing Society is a gated community equipped with wide roads, public parks, drinking water plants etc. Gwadar Port, Pakistan The Community also houses mosques, parks, Golf Course, hotels and resorts. Gwadar Airport

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A Sneak Peek of Bilawal House

A Sneak Peek of Bilawal House

BILAWAL HOUSE: A HOUSE OR A PALACE? Imagine owning your house, and then managing to get a replica of it. Sounds crazy, doesn’t it? Well, that’s Former President of Pakistan Asif Ali Zardari for you. Who doesn’t recognize the Bilawal House? An iconic property, a certain landmark for Pakistan, and filled with heritage value. Luckily for Mr. Zardari, he managed to acquire another Bilawal House within Lahore’s Bahria Town, from Malik Riaz, the founder of Bahria Town, as a gift. If a friend in need is a friend indeed could be spelled out in visual terms, this is the perfect example. The Bilawal House in Karachi is roughly on a 0.2 acre, with an exterior toughness to withstand a war against India! Only one can imagine what it holds inside. Now imagine, having a replica, at about 25 acres. That’s the approximate size of the Bilawal House in Bahria Town. Imagine the challenges to clean that place in a day! The Bilawal House in Bahria Town Lahore can withstand anything. It’s bomb proof, it has 30 inch thick walls filled with security gadgets, it has a three-tier security system. Not to mention, it has a landing strip for small jets and helicopters. It’s a bullet proof bungalow. It can roughly hold 10,000 people. Imagine, it can hold a joint-parliamentary session, along with Supreme Court proceedings, all under one roof! Now, let’s get those figures rolling. Bilawal House Lahore has a value of RS. 5 billion. That’s infinite times more than the worth of Bilawal House Karachi, which stands at RS. 3 million. Quite contrasting, if you ask me. Bahria Town is a safe investment. It provides you with a luxurious lifestyle, at an affordable price. Not to mention, attractions to adore, such as the Bilawal House in Bahria Town Lahore. Stay connected for more updates regarding properties, and just properties!

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Tallest Building By EMAAR in Pakistan

Tallest Building By EMAAR in Pakistan

EMAAR PROJECTS: THE MOST BIGGEST OR MOST ANTICIPATED? With the economy in complete disarray, along with external tensions along the border, there are a few aspects for Pakistanis to look forward to, and anticipate. Construction, despite all hurdles, is in full force. Projects are being developed at a decent pace. One such project, which has highly been anticipated, and continues to excite Pakistanis’ on its development are the Emaar projects. Emaar is currently developing 2 projects in Pakistan: Crescent Bay in Karachi, and Canyon Views in Islamabad. While these projects have been underway since quite a while, it continues to grow bigger and better. Crescent Bay has a view to love! Right next to Dou Darya, these high rise beauties will leave everyone mesmerized. Imagine owning your very own apartment, with the view of the most beautiful seas Pakistan has to offer. That’s not just it, there’s a beach too! Imagine, a beach right in front of your building. Dubai Much? Not to mention, the variety of restaurants, placed right near it. It certainly is a project everyone is looking forward to. One can only imagine the hype it will create once the project is completed. The second project is the Canyon views, which will be a gated community on Islamabad expressway. The beauty of this project is the look of the villas and townhomes that it has to offer. Apart from its aesthetic touch, it will become a community on its own. Be it schools, stores, restaurants, or offices, it will have everything to offer. With so much to offer, one can only imagine how quickly this residency will be bound to fill up. Emaar is one of the leading projects in Pakistan. We can only hope that their inauguration is done soon, and the announcements of newer projects come running in, for a better and glorious Pakistan. Emaar Properties is a global developer, based in Dubai. With astounding projects in properties, shopping malls, hospitality and leisure, it has shifted on a global aspect, to work forward on a bigger and better scale.

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A Guide for Beginners on How to Insure your Home

A Guide for Beginners on How to Insure your Home

Whether you buy a home, or rent a home, you should take out home insurance to protect not only your property but your belongings as well. Regardless of how many precautions you take, your home remains vulnerable to fires, natural disasters (such as earthquakes, floods and heavy storms) and robberies. So, if you do not want to spend your valuable savings on repairing your home or replacing lost items, you should consider buying a homeowner's insurance. Since there are a number of insurance companies in Pakistan, there may be confusion between the different packages offered by each provider. This is where this guide comes into play. Here's how you can insure your home, what kind of insurance costs are incurred and what these plans entail and how buying home insurance can help you in the event of an unfortunate event. Home Insurance: In the beginning, the home insurance is also referred to as homeowner's insurance, home insurance, and property insurance, so you do not have to confuse between the names. Like other types of insurance, this insurance provides protection for households and their contents. In the event of a break-in, fire or other disasters in your plan, your insurance company will be required to compensate you according to the plan you have chosen. Not only that, but home insurance can help you repair your home and save a lot of money in the long term. However, you have to keep in mind that the compensation that you receive in a claim varies by policy, as each provider sets different limits. WHAT DOES IT MEAN? If you want to take out home insurance, you need to know what cover it offers. Granted, almost all insurance companies offer different coverage plans that differ from the premium. However, most home insurance plans offer cover for cash, jewelry, and house contents. In most cases, cash includes both currency and price bonds. Jewelry is usually covered at home or in a locker. Some providers also offer a certain percentage of home insurance protection for jewelry that has either been stolen or lost during transit between home and locker. Jewelry includes gold, silver and diamond sets as well as designer watches and other accessories that exceed a certain limit (usually around 50,000 PKR). With regard to home contents, the list usually includes electronic appliances such as televisions or home theater systems, refrigerators, air conditioners, cameras, smart phones, laptops, and computers. Other items such as furniture, carpets, upholstery, crockery, dishes, and clothing are also insured in the household contents insurance. HOW DOES THE HOUSEHOLD INSURANCE WORK? The home insurance serves as a safety net for your property with building materials and other consumer goods rising, most homeowners may find it difficult to build everything from scratch. However, if your home is insured, all you have to do is claim and the insurance company will take care of the rest. If a homeowner suffers damage, he should contact his insurance agent as soon as possible to assess the situation and determine your compensation. The application process may take some time, depending on the premium and coverage, but it remains very important as it can help you get back on track.

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