Tag: installments

  • Offices of illegal housing society sealed by CDA

    Offices of illegal housing society sealed by CDA

    The Capital Development Authority’s (CDA) Planning Wing sealed the management offices of an illegal housing society along the Islamabad Expressway on Thursday, preventing the sale, acquisition, and transfer of plots.

    Since neither the layout design for this housing society was approved nor the management received an NoC, the planning division of the CDA has already declared all stages of this housing society to be illegal.

    Along with physically shutting the office, CDA’s Director of Regional Planning also issued a letter in this regard, according to The News.

    According to the letter, despite warnings about the housing society’s management’s illegal behaviour, the management proceeded to sell and transfer plots, which prompted the authorities to take enforcement action.

    Due to violations of the CDA Ordinance 1960, ICT Zoning Regulations 1992, and ICT Building Control Regulations 2020, the housing society’s offices have been sealed.

    The PTCL, Islamabad Electric Supply Company, and Sui Gas Northern Gas Company have also been advised by the CDA planning wing not to offer their services during all stages of the private housing society.

    A dozen unauthorised housing societies in the Rawalpindi district were also sent notifications by the Rawalpindi Development Authority (RDA) in a similar development.

    New Metro City, Smart City, Prism Town, Capital Valley, Life Residencia, Seven Enclave, Manan City, Lake View City, Faha Fatima, Park Zameen Town, Hawks Melbourne City, and Kashmir Valley have all received notices from RDA’s Metropolitan Planning and Traffic Engineering (MPTE) Directorate.

    The Punjab Private Housing Schemes and Land Subdivision Rules 2010 were used to issue the notices. These societies have been requested by the RDA to produce mortgage deeds, surrender deeds, and NOCs. Otherwise, they will be the target of legal action.

  • Yamaha YBR125G now costs Rs292,000 after Rs26,000 hike

    Yamaha YBR125G now costs Rs292,000 after Rs26,000 hike

    The prices of Yamaha’s motorcycle lineup have increased, with the hike reaching as high as Rs26,500 and the new pricing taking effect from July 1st.

    According to Brecorder, the development comes a day after Atlas Honda raised the prices of its lineup.

    Yamaha’s YB125Z has seen a price hike of Rs23,500, bringing the current cost to Rs255,000. The cost of the YB125Z DX also increased by Rs25,000. The updated cost is Rs273,500.

    After a Rs25,500 price increase, the YBR125 will now be available for Rs280,500. The cost of the YBR125G rose from Rs26,500 to Rs292,000. The cost of the YBR125G (Matte Dark Gray) has also gone up by Rs26,500 and will now be available for Rs295,000.

    Last month, the company similarly raised the price of bikes by between Rs21,000 and Rs23,000. Motorcycle producers at the time cited rising raw material costs, rising international freight charges, and the ongoing depreciation of the rupee as causes.

    Sabir Sheikh, Chairman of the Association of Pakistan Motorcycle Assemblers (APMA), stated that the recently enacted super tax of 10 per cent and the weakening rupee are to blame for the increase.