ISLAMABAD: Islamabad Capital Territory (ICT) administration is set to launch a Property Verification Centre which will monitor illegal sale or purchase of the real estate.
As per details, the launch is expected next week. Deputy Commissioner Islamabad Muhammad Hamza Shafqaat announced that the verification facility will make it easier for people to check the legality status.
The move has been welcomed by all stakeholders alike as it brings transparency to the real estate market. Complaints have been frequently registered against fraudulent schemes with illegal projects, unapproved lands, improper documentation and fake registry papers. Overseas Pakistan is often deceived by fake real estate agents.
It is also observed that properties are sometimes labelled as “CDA approved” when they do not even fall within the limits of the capital. In addition, problems also arise when it comes to layout approvals. Plans are often revised by the housing schemes which later creates problems for owners when they cannot locate their plots.
For more news and information, visit Graana.com
As Milan’s real estate boom starts to stabilize, investors are increasingly looking toward Rome as…
Dubai’s skyline is set to welcome a new icon as Azizi Developments launches global sales…
The federal government is considering removing the Federal Excise Duty (FED) on the transfer of…
Under the patronage of Minister of Housing and New Urban Communities Sherif El-Sherbiny and Minister…
The Capital Development Authority (CDA) has scheduled an open auction for commercial plots at Jinnah…
The capital city of Pakistan is gearing up for a grand celebration as Interior Minister…
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.
