City Reporter
Graana.com and the Pakistan Institute of Development Economics came together to discuss the ‘Paradox of Housing Societies in Islamabad’ in a webinar.
The outcome of the informative session concluded that the civic agency – Capital Development Authority (CDA), has to play an active role in the effective implantation of housing societies’ regulations and bylaws.
In his opening remarks, Vice-Chancellor PIDE, Dr. Nadeem Ul Haque, stated, “We will be left with no agricultural land very soon, as everyone wants to buy cars, plots and wants to build houses, plazas and housing societies.
The monopoly of housing societies and plots for governmental and non-governmental personnel must be strictly regulated. Government must focus on policy implementation.”
Representing Graana.com, Director Graana, Mr. Farhan Javed, explained, “We need to focus on vertical development and building construction.
We need to solve as many people have invested in the real estate market, as it is not just a developer who is at stake. Government must focus on investment in this sector.
