ProPropertyNews

News

Lahore Traffic Jams

Karachi's Parking Chaos: SHC Demands Solutions from Govt and DIG Traffic

KARACHI: The Sindh High Court (SHC) has taken a proactive stance to tackle the prevalent issue of illegal parking in…

by Firas Qureshi | Sep 9 | 3:05 pm
Read More

HUD&PHE Releases Data on Flood Losses and Relief Activities

MULTAN: The Housing, Urban Development, and Public Health Engineering (HUD&PHE) department of south Punjab released data on the extent of…

Sep 9, 2022

Minister Reviews Beautification Initiatives for Lahore City

LAHORE: The Provincial Minister,  Mian Aslam Iqbal, presided over a meeting on Thursday during which various initiatives were reviewed to…

Sep 9, 2022

Hangu to Get First-Ever Mega Commercial Project

HANGU: Hangu is going to get its first-ever mega project named Mall of Hangu (MoH). The project is being developed…

Sep 9, 2022
10th Avenue Project to Resume as Federal Government Pledges Rs1.4Bn to CDA In a crucial move, the federal government has greenlit Rs1.4 billion in funds to the Capital Development Authority (CDA) to revive the stalled 10th Avenue project. Due to financial constraints, this critical development project has been stuck in a quagmire. Begun in March of the previous year, the 10th Avenue project’s completion deadline was March 2024. However, construction was unexpectedly halted earlier this year when just 15 percent of the work was completed within the span of 14 months. The federal government directly financed this project, with the CDA acting as the executing agency. Recently, the interior ministry, which functions as the superior ministry for the CDA, announced to the civic body that the ministry would grant Rs1,400 million to support the project before the end of this fiscal year. A CDA official confirmed receipt of the official communique, stating, "We have been informed that Rs1,400 million will be earmarked for the 10th Avenue project. We eagerly await the release of this fund to reboot the project.” He also mentioned that the funds would be dispatched before the conclusion of the current fiscal year. Moreover, an additional Rs400 million has been reserved for the upcoming fiscal year's budget under the project's Public Sector Development Programme (PSDP). Worth a total of Rs10.2 billion, the mega project is financed by the federal government. The government disbursed about Rs1.5 billion in the previous fiscal year, but a relatively meager Rs350 million was assigned in the ongoing fiscal year, significantly stalling progress. Earlier in February, the National Logistics Cell, the entity responsible for constructing 10th Avenue, threatened to withdraw from the project if the CDA did not release the necessary funds. The 10th Avenue project is divided into two phases. The current phase involves constructing a 5km road stretching from Katarian Bridge on IJP Road to Srinagar Highway at the intersection of G-9 and G-10. The subsequent phase will extend from Srinagar Highway to Margalla Road. However, the project has sparked controversy due to the potential displacement of Rimsha Colony's residents, a local community residing in Sector H-9. With around 1,400 houses, the CDA faces the challenging task of relocating these residents to allow construction in the area. The authority has been criticized for not pausing construction to resolve this issue amicably. An official highlighted the necessity of addressing this problem soon. “A challenging situation will arise when the CDA attempts to relocate the residents of Rimsha Colony during construction. Now is the ideal time to reach a resolution," he argued. In a public hearing for the Environment Impact Assessment (EIA) conducted last year, it was agreed that a committee, including officers from the CDA and Rimsha Colony's representatives, would be formed to negotiate a solution to this relocation concern.

Islamabad’s 10th Avenue to Become Operational by 2023

ISLAMABAD: The ongoing construction work on 10th Avenue is expected to be completed by the end of next year, with…

Sep 9, 2022

Residents Fear Collapse as High-Rise in Karachi’s DHA Tilts [Video]

KARACHI: A multi-story building in Karachi DHA’s Khayaban-i-Shamsher has tipped to one side, presumably due to the construction of another…

Sep 8, 2022

Chairman CDA Confident of Timely Completion of Development Projects

ISLAMABAD: Chairman CDA, Captain (Rtd) Muhammad Usman, has announced that all the development projects in Islamabad would be finished within…

Sep 8, 2022

China Based Jiyu Group Visits Capital Smart City Headquarters

President and Vice President of the Jiyu Group Enterprises Stock Co Ltd. visited Capital Smart City (CSC) on Wednesday. Ms.…

Sep 8, 2022

CM Approves Cash Compensation for Flood Affectees of KP

PESHAWAR: Chief Minister Mahmood Khan approved cash compensation for people whose homes were destroyed in the recent flash floods, saying…

Sep 8, 2022

Housing Minister Urges Timely Completion of Low-Cost Housing Projects

LAHORE: Aslam Iqbal, Minister of Punjab Housing and Town Planning has chaired the 87th board meeting to discuss the low-cost…

Sep 8, 2022

Secretary Housing Orders Removal of Encroachments from G-14/1

ISLAMABAD: Iftikhar Ali Shallwani, Federal Secretary of Housing and Works, directed officials on Tuesday to remove all encroachments from Sector…

Sep 8, 2022

KPTBA Urges FBR to Incorporate ‘Property Valuation Table’ into IRIS Portal

KARACHI: The Karachi Tax Bar Association (KTBA) has urged the Federal Board of Revenue (FBR) to include a property valuation…

Sep 8, 2022

Property Dispute Claims Lives of 3 Family Members in Lahore

LAHORE: On Tuesday, a man in Lahore’s Mughalpura neighborhood stabbed his maternal uncle, aunt, and their 15-year-old son over a…

Sep 7, 2022