Nothing to do with population - other places have done well with population.
Interestingly enough apartments are cheaper compared to the current 5 marla micro houses on offer. Even a budget 5 marla single story house will set you back between 75 to 90 lakh rupees, a double story 5 marla house in the same area will cost you around 1.6 to 2 (cr) - an apartment for instance for a single married couple minus kids would cost between 37 Lakh and up to 95 Lakh depending on the area.
Places like Margalla Enclave and Gulberg are not for the average buyer. The kind of people buying there are established people or those re-investing for sale. I mean the property market in Pakistan is now just a farce at this point.
Which is why it needs to be taxed "appropriately" to bring some sanity to it. That will push all these investors sitting on the properties and driving up prices through speculation to abort their investments, leading to a crash but also a course correction in the value of property/housing.
Its because the bulk of biodiversity inside ICT and Rawalpindi district which is demarked as extension of ICT by CDA is at risk. Karachi on the other hand has seen mass urbanization long before partition and post partition most of the green belts and wooded areas were dug up and replaced with asphalt and concrete.The title of this thread is funny. "Islamabad trees have been cut for housing society".
The entire Karachi has been denuded, re-greened, denuded etc. countless times for commercial and residential needs. Come to think of it, how is this even news in Pakistan?
www.wwfpak.org
Taxation is something I agree with. There are two investment portfolios in Pakistan traditionally, gold and land - we need to work on reforms, also one wonders these ghost town developments - which have 80% properties sold - why to incentivize subsidized rent projects?
Yes, like every other mafia that exists in Pakistan, there is a rental mafia too.
I am not quite sure about this. Older residents of Karachi seem to remember much more greenery (they used the word 'jungle') in North Nazimabad, for example.
The operative word there being "Older"... If you relive history - you are bound to make the same mistakes.
Cause DHA "A" team of Zardari and forty thousand thieves of PPP have been put in charge of this sordid city for the past two decades for the specific task of doing just that..The title of this thread is funny. "Islamabad trees have been cut for housing society".
The entire Karachi has been denuded, re-greened, denuded etc. countless times for commercial and residential needs. Come to think of it, how is this even news in Pakistan?
Irrelevant to the point I raised in my post about lack of level playing field for DHA vs Civilian real estate developers.
My point was that dont blame DHA only. It started with bharia enclave and other than the main highway, land which was owned by CDA, they are currently constructing for DHA which serves a hell of lot of people and makes the commute shorter for thousands of people they have only damaged land that people have sold. Not government owned land. On the other hand bharia enclave bought and destroyed a jungle owned by the governement. I am the last person who likes housing societies and what they have done to this this city, I was born here and lived here my whole life, almost 40yrs, and have personally seen the change take place. It makes me sick to the stomach, but that's development for you. Obviously it should be done in a correct manner and rules and environment should be followed but this being Pakistan, who gives a shit. They say they are planting trees so we will have to believe them.
Not really when you are quick to point one wrong of your adversary but deliberately choose not to see anything wrong with your own party.
