By Syed Irfan Raza
ISLAMABAD, Nov 16: Housing industry may be in crisis in some developed economies, in the Pakistani capital it is booming - at least the price of land.

And the smell of money has made the Capital Development Authority (CDA) and the National Housing Authority (NHA) suggest to the government to revive the Islamabad New City (INC) scheme which the two had launched in 1996 over a vast area in Zone V but had to abandon the venture after new power players emerged on the scene.

By Aamir Ghauri

LONDON: Millions of dollars flying out of Pakistan are landing in London’s slumped property market and many more millions supposed to go to Pakistan are being put on hold by uncertain expatriate Pakistani millionaires in a wait-and-see strategy.

People liquidating bank savings to invest in property; FPCCI body on housing and construction SVP Munir Sultan says rates to remain stable and hike after March; realtors say investors fearing financial meltdown in UAE coming back home

Sunday, November 16, 2008
By Faryal Najeeb

KARACHI: Local builders in Pakistan are having a field day as the newly introduced projects all over Pakistan have received tremendous positive response marking the first signs of real estate sector revival in the country.

Associated Press of Pakistan
The Capital Development Authority (CDA) has once again planned to execute the Margalla Tunnel project that was shelved by the previous chairman in 2005, following severe criticism from the environmentalists owing to its threats to the natural beauty of Margalla Hills.

"We have another time planned to execute the project of Margalla Tunnel but now we would execute it at any cost," CDA Chairman Tariq Mehmood Khan said Friday.