Rs 6.5b released to buy land for Ring Road - Zarkon Group News Blog - FAH33M
CategoriesNational News Construction Real Estate News

Rs6.5b released to buy land for Ring Road

To get the long-planned, 65 kilometre-long Rawalpindi Ring Road project off the ground, Rs6.5b released to buy land for Ring Road by the government.

This was disclosed by the Punjab Project Management Unit (PMU) Deputy Director M Abdullah on Sunday.

He said that the proposed project includes the construction of industrial zones as well as a health city, dry port, bus and truck terminals and theme parks.

In a detailed presentation to traders of the city as part of a briefing session on the Ring Road at the Rawalpindi Chamber of Commerce and Industry (RCCI), the deputy director said that a proposal for rapid rail transit was also under consideration in the project.

He assured that suggestions of the stakeholders will be shared with the relevant officials so that they can be incorporated into the project.

RCCI President Nasir Mirza said that the project can prove to be a game-changer for Rawalpindi as the proposed industrial zones can turn the city into a hub of trade activities.

The stakeholders, he said, should be taken on board while finalizing the allocation for and demarcation of industrial zones, he added. The RCCI president further emphasized that this was an important project for the development of Rawalpindi and should be completed on priority.

If you enjoyed this story, check out Punjab Govt approves Rawalpindi Ring Road Project

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The post Rs6.5b released to buy land for Ring Road appeared first on The Express Tribune October 12th, 2020
Economic Zones along Ring Road approved - Zarkon Group News Blog - FAH33M
CategoriesNational News Construction Real Estate News

Economic Zones along Ring Road approved

Rawalpindi Development Authority (RDA) on Wednesday approved setting up of economic zones along Ring Road which will be controlled by the civic body’s zoning regulations.

This was decided at the 49th governing body meeting of the RDA which was presided over by its chairman Tariq Mehmood Murtaza.

Though the Punjab government has yet to start the process to procure land for the proposed Ring Road Project, the RDA governing body declared the area along the Ring Road as city limits.

Under the plan, Punjab government will execute the project through Lahore Ring Road Authority instead of Rawalpindi Development Authority. It has already notified Rawalpindi’s commissioner as project director.

Zones will be controlled by the civic body’s regulations

A formal notification for setting up of the economic zones will be issued by the Punjab government.

Future construction activities within these zones would be controlled in accordance with the principles of town planning and zoning regulations, the governing body said.

The governing body also approved RDA City, a 3,000-kanal residential project.

The project will be LDA-style and for this purpose governing body has made a five-member technical committee under the supervision of MPA Latasub Satti.

The committee will compile its report on the acquisition of land for RDA City project and other matters within fifteen days.

A short-term consultancy was also approved for this housing project to prepare a feasibility report aimed at identifying location suitable for the construction of RDA City.

The RDA director general presented each agenda before the governing body. Agenda items in detail were approved after questions and answers from various members.

Feasibility study for construction of metropolis zone along with New Islamabad Airport was also approved.

Besides this, hiring of a survey company was also approved which would determine encroachments along Leh Expressway.

Approval was also given to construct buildings on RDA approved commercial roads in accordance with the new building bye-laws so that the construction industry could flourish.

If you enjoyed this story, check out Punjab Govt approves Rawalpindi Ring Road Project

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The post Economic Zones along Ring Road approved appeared first on Dawn News September 17th, 2020
Land acquisition for Ring Road to begin by end of the week: RDA Chairman - Zarkon Group News Blog - FAH33M
CategoriesNational News Construction Real Estate News

Land acquisition for Ring Road to begin by end of the week: RDA Chairman

Land acquisition for the Rs 52 million Ring Road project will begin by the end of the week, Rawalpindi Development Authority (RDA) Chairman Tariq Mahmood Murtaza said on Tuesday.

“The mega project is being launched by the PTI government to ease traffic, control urbanisation and shift small industrial units outside the city under the vision of Prime Minister Imran Khan on a private public partnership basis,” he said at a press briefing at the RDA offices.

In addition to Mr Murtaza, Water and Sanitation Agency (Wasa) Managing Director Raja Shaukat Mehmood, Wasa director admin and RDA deputy director finance Mohammad Junaid Taj Bhatti, RDA Director Planning Mohammad Ijaz and other RDA and Wasa officials attended the briefing.

Mr Murtaza said that since taking charge as RDA chairman, he has been trying to provide public service facilities.

“In order to make this effort a reality, standard operating procedure (SOP) has been set up to approve building plans within 30 days, change of land use approval within 45 days, approval of housing schemes within 75 days, digitisation and record scanning started to save office records and construction of one window has also started,” he said.

Rawalpindi Ring Road Project is being launched to ease traffic, control urbanisation and shift small industrial units outside the city.

According to SOP, building plan approvals began on July 1, the RDA chairman said that 135 building plans were submitted in the last two months of which 117 were residential and 18 commercial.

He added that the RDA has fixed a period of 30 days but has managed to approve 50pc of the building plans in half the time. Two applications for change of land use have been received have been approved.

“The RDA has earned Rs30 million in these two months. The early approval of the building plans has created confidence among the people. The people-friendly atmosphere will be further improved in the coming days and more facilities will be given to the people,” he said.

“We are also trying to bring maps, housing schemes and other services online so that the applicant can stay home,” he said.

On illegal housing societies, Mr Murtaza said that the RDA would take action and move the courts against illegal housing societies that did not obtain no-objection certificates from the RDA but launched print, electronic and social media campaigns featuring celebrities from within the country and abroad.

About Wasa, he said that floods came all over the country, but the Wasa managing director’s strategy and his personal interest kept a flood-like situation from emerging in Rawalpindi.

He said in the past, casualties including the loss of life and property, had occurred but not a single person died because of Leh Nullah this monsoon.

Mr Mehmood from Wasa said the agency launched its One Link bill payment service for the convenience of its customers, who can now pay their water bills through any bank’s ATM machine as well as using internet banking and mobile banking applications.

He said that with the signing of the online agreement, the online bank transaction will be transferred to Wasa’s accounts immediately, leaving no possibility for error.

If you enjoyed this story, check out Punjab Govt approves Rawalpindi Ring Road Project

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The post Land acquisition for Ring Road to begin by end of the week: RDA Chairman appeared first on Dawn News September 10th, 2020
Punjab Govt approves Rawalpindi Ring Road Project - Zarkon Group News Blog - FAH33M
CategoriesNational News Construction

Punjab Govt approves Rawalpindi Ring Road Project

LAHORE: Punjab Chief Minister, Usman Buzdar, has given the approval to start work on Rawalpindi Ring Road project under Public-Private Partnership.

Addressing a meeting in Lahore on Saturday, the chief minister said that the provincial government will provide all possible support and facilities for completion of Ring Road project.

A comprehensive business model is also being prepared for the promotion of public-private partnerships in the health sector.

The 65.8km ring road will start from Radio Pakistan Rawat N-5 and terminate at Sangjani N-5. Construction of Special Economic Zones (SEZs), including industrial, educational, recreational, medical health, residential and aerotropolis etc is a key component of the RRR.

Earlier in June, Punjab Chief Minister Usman Buzdar had approved the Lahore Ring Road Southern Loop-III project which would be completed in one year.

Punjab CM Usman Buzdar gave the approval for the road project while chairing a high-level meeting of Lahore Ring Road Authority (LRRA) today.

An agreement will be signed between Lahore Ring Road Authority (LRRA) and National Logistics Cell (NLC) in a ceremony this month where the chief minister will be the chief guest.

CM Usman Buzdar said that the Lahore Ring Road Southern Loop-III will be constructed from Raiwind Road to Multan Road under the public-private partnership.

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The post Punjab Govt approves Rawalpindi Ring Road Project appeared first on ARY News
E-Build-Pakistan-Pakistan-First-Ever-Online-Construction-Industry-Material-Portal-Launching-soon-on-14-August-2020-FAH33M
CategoriesNews Zarkon Group National News Construction

E-Build Pakistan: Pakistan’s First Ever Online Buy & Sell Construction Industry Material & Services Portal

What’s E-Build Pakistan?

E-Build Pakistan is Pakistan’s First Online Marketplace Portal to Buy & Sell Construction Material & Services that brings the country’s construction industry stakeholders and processes to a digital landscape.

From idea to execution, building the vision of EBP to a viable product was a year-long journey that will commence on 14 August 2020 when the web portal and mobile application will be made available nationwide.

E-Build Pakistan will provide national digital access to the key players in the construction industry to broaden the customer base, be a stimulator in the construction industry, open the market for new national & international construction brands to access the market, bring better products at competitive prices, help the construction industry to grow at least at 40% better rate, create online & rapid digital supply chain, connect the buyer to the supplier overriding the conventional price hikes, create employment for educated & talented youth, create dedicated income platforms for household women, contribute towards per capita income, to contribute in government National Housing Construction Schemes, to contribute in Digital Pakistan vision, create an internationally recognized construction learning programs for locally talented individuals, bringing e-learning programs for the civil, mechanical, electromechanical and architectural industry, create a competitive environment for contractors, educating the end-user, and helping them choose better suppliers & servicemen to build their dreams.

Timeline: From Concept to Reality

 

August 2019

The idea for E-Build Pakistan started from seeing a sore lack of digitalization in the construction industry all Over the world.

January 2020

After conducting research and connecting with like-minded individuals. design and development Of the EBP platform was begun.

August 2020

The platform will be ready for onboarding vendors, testing. and optimization by July. and will be launched during Pakistan’s independence day on August 14th.

October 2020

The EBP vision goes beyond business – we hope to build a thriving community. Provide relevant training. and conduct events to further Pakistan’s digital agenda.

Lower interest rates, government incentives pour investment in construction sector - Zarkon Group News Blog FAH33M
CategoriesNews National News Construction

Lower Interest Rates, government incentives pour investment in construction sector

Lower Interest Rates

LAHORE: The federal government’s decision to incentivise the construction sector has opened avenues for investments in many sectors. Pakistan Tehreek-e-Insaf (PTI) government adopted a number of measures to facilitate the sector in a bid to encourage private investment.

The government not only toned down its taxation ratio for land transfers but the measures taken to prevent several different departments’ interference and inquiries into sources of income from the investors also boosted investment in the construction sector, The Express Tribune reported on Saturday.

Since the last one month, land prices in major cities have been increasing, especially in areas where construction is allowed. Moreover, lower interest rates have also led many Pakistanis to transfer their funds from banks or savings accounts towards real estate.

According to reports, land prices of Lahore Defence Housing Authority (DHA) have increased by 30 percent in one month along with rental rates of housing properties.

Following the PTI government’s early days in office, the real estate market was in turmoil as investigations into the source of income created panic among investors and badly impacted the sector. The circulation of money stopped, and a trickle down effect was visible in nearly all other sectors of the economy as money circulation, both black and white, is much larger than any other segment of the economy.

Overseas investors now have a legal cover as well if they wish to put their money in real estate or construction sector. The State Bank of Pakistan (SBP) has also given its directions in favor of overseas investors in this sector.