Tag: lease

  • 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.

  • Proton X70, the low-cost SUV that never arrives after booking

    Proton X70, the low-cost SUV that never arrives after booking

    The Malaysian SUV Proton X70 was introduced in Pakistan in December 2020. Still, there are very few vehicles observed running on Pakistani roads, implying that the low-cost SUV may have failed in the country’s auto market.

    The SUV reached Pakistan at a difficult period when there were several import restrictions due to COVID-19 lockdowns, which hampered deliveries of the new Malaysian entrant in Pakistan’s burgeoning auto sector.

    Proton imported the X70 units in Pakistan when deliveries resumed as Malaysian facilities reopened. In fact, the company revealed at the beginning of this year that it had begun assembling the SUV in its local plant. The automaker even stated that it is restarting production at full capacity, which relieved some of its customers; nonetheless, buyers disclosed that they were not receiving the SUV on time.

    Unfortunately, a number of consumers who valued the business and ordered the vehicle are still waiting, including those who booked the latter about a year ago, and some have even cancelled their orders and gone for alternative options in the market that offer a quicker delivery.

    Read more: Here’s a look at the 2023 BMW 7 Series

    Being a new brand, the business could have taken a more strategic approach, as the Pakistani automobile market is dominated by Toyota, Honda, and Suzuki, brands that Pakistanis have tried and tested for years.

  • Car sales up by 53.7 per cent in 2022, despite repeated price hikes

    Car sales up by 53.7 per cent in 2022, despite repeated price hikes

    The latest data provided by the Pakistan Automotive Manufacturing Association (PAMA) shows that overall car sales climbed by 53.78 per cent during the first nine months of the current fiscal year 2021-22 (July-March) compared to the same period in the past financial year.

    Keeping in view the recent figures, 172,612 vehicles were delivered in the time period under consideration, compared to 112,244 cars in the previous year. In March 2022, the country’s car sales climbed by 33.28 per cent on a year-over-year (YoY) basis when compared to the same month in 2021.

    In March 2022, car sales soared to 22,799 units, up from 17,105 units in the same month the previous year. considering the breakdown of the numbers, around 26,830 combined units of Honda Civic and City were sold in the fiscal year 2021-22, compared to 18,816 units in 2021, indicating a 42.59 per cent increase.

    The sale of Toyota Corolla and Yaris sedans increased by 24.93 per cent in the same time, rising to 43,695 units from 34,975 units the previous year. Suzuki Swift sales, on the other hand, fell by 73.78 per cent, from 1,896 units in July-March 2020-21 to 497 units. The drop witnessed in sales of Suzuki Swift was due to the production cut of the older Swift, which was scheduled to be replaced by the fourth generation in February of this year.

    Read more: Toyota Pakistan records highest monthly sales, selling 7,132 vehicles in March 2022

    With 53,241 units sold so far in the fiscal year 2022, Pakistan’s smallest engine size vehicle, the 660cc Alto, is now the most popular. It is worth noting that the mini hatchback is also the country’s ‘cheapest’ four wheeler from the big three.

  • Suzuki Pakistan increases bike prices by up to Rs15,000

    Suzuki Pakistan has announced a massive price increase for its entire motorcycle lineup, following Yamaha and Honda. The new prices are effective from Friday, April 1, 2022.

    The biggest price increase has been announced for the 150cc GR-150 variant, which is now priced at Rs330,000 after getting a massive hike of Rs15,000 in its previous cost of Rs315,000. Considering the size of its engine, this is unquestionably a significant and unjustified increase.

    Suzuki GS-150, one of the most prominent bike in Suzuki’s lineup witnessed a hike of Rs10,000 for both variants (GS-150 and GS-150SE). The base GS-150 costs Rs225,000 after the hike and the upper variant GS-150SE is now priced at Rs242,000, as compared to their earlier prices of Rs215,000 and Rs232,000.

    Moreover, the 110cc variant, Suzuki GD-110s which was previously sold at Rs199,000 will now be offered at Rs207,000, after getting a hike of Rs8,000.

    The motorcycle manufacturer raised the prices of its motorcycles four times in 2021, and this is the first price rise of 2022. Suzuki motorcycle prices were increased by up to Rs28,000 between January and December 2021.

    Read more: Honda Atlas to increase prices for all motorcycles from April 1

    Bike manufacturers’ pricing hikes have pushed two-wheelers out of reach for most of the country’s population. Despite the fact that the matter has been raised numerous times in the media, the government has yet to take a step in this regard and maintain pricing consistency.