{"id":14575,"date":"2015-06-26T16:50:11","date_gmt":"2015-06-26T11:50:11","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=14575"},"modified":"2017-12-11T12:30:45","modified_gmt":"2017-12-11T07:30:45","slug":"pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html","title":{"rendered":"PM Nawaz Sharif approves housing society in Islamabad\u2019s Zone IV"},"content":{"rendered":"<p><a href=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2015\/06\/Approved.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-14576 aligncenter\" src=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/2015\/06\/Approved.jpg\" alt=\"Housing Society approved\" width=\"600\" height=\"350\" srcset=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2015\/06\/Approved.jpg 600w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2015\/06\/Approved-300x175.jpg 300w, https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2015\/06\/Approved-537x313.jpg 537w\" sizes=\"auto, (max-width: 600px) 100vw, 600px\" \/><\/a><\/p>\n<p>This must be great news for real estate investors, but it\u2019s not awesome news for some other people. Prime Minister (PM) Mr Nawaz Sharif has given approval for the development of a housing colony in the Federal Capital, but there\u2019s a catch here: the housing society will be built by razing the premises of the National Agriculture Research Council (NARC), Pakistan\u2019s premier institute dedicated to agricultural research.<\/p>\n<p>Apparently, the housing colony will be built near Rawal Lake in Zone IV. According to a real estate maestro who contributes frequently to the Zameen.com Forum but asked not to be identified by name, the government aims to develop the society to raise revenues and it will be targeted at overseas Pakistanis. He also told Zameen.com that the PM was personally interested in the project, and that the transactions in the society would be undertaken in foreign currencies to raise the government\u2019s foreign reserves.<\/p>\n<p>According to a news source, the Capital Development Authority (CDA) has directed the Ministry of National Food Security and Research (MNFSR) to establish a committee for the smooth transfer of 1,395.2 acres of NARC\u2019s land to the civic authority.<\/p>\n<p>Reportedly, the residential property units will be built on 625 acres of land, while 60 acres will be used for commercial developments and the rest of the area will comprise open spaces and public buildings.<\/p>\n<p>The CDA plans to develop 6,000 residential plots in the society, from which it intends to generate Rs 100 billion, while the civic authority is likely to net Rs 30 billion from the sale of commercial properties in the locality.<\/p>\n<p>A bit of relief for the NARC officials is that the civic authority will initially spare 100 acres of land, where offices and residences of NARC officers are currently located. However, after the relocation of NARC, this area will also be sold.<\/p>\n<p>Agriculture makes up around 24 percent of the country\u2019s Gross Domestic Product (GDP). While it is encouraging that the government plans to relocate NARC, is it still justified in uprooting the prime agriculture research institute in the country to develop a profit-making housing society?<\/p>\n<p>Please share your views with us in the comments section below.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>This must be great news for real estate investors, but it\u2019s not awesome news for some other people. Prime Minister (PM) Mr Nawaz Sharif has given approval for the development of a housing colony in the Federal Capital, but there\u2019s a catch here: the housing society will be built by razing the premises of the National Agriculture Research Council (NARC), Pakistan\u2019s premier institute dedicated to agricultural research. Apparently, the housing colony will be built near Rawal Lake in Zone IV. According to a real estate maestro who contributes frequently to the Zameen.com Forum but asked not to be identified by name, the government aims to develop the society to raise revenues and it will be targeted at overseas Pakistanis. He also told Zameen.com that the PM was personally interested in the project, and that the transactions in the society would be undertaken in foreign currencies to raise the government\u2019s foreign reserves. According to a news source, the Capital Development Authority (CDA) has directed the Ministry of National Food Security and Research (MNFSR) to establish a committee for the smooth transfer of 1,395.2 acres of NARC\u2019s land to the civic authority. Reportedly, the residential property units will be built on 625&hellip;<\/p>\n","protected":false},"author":14,"featured_media":14576,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[1663],"persona":[],"class_list":{"0":"post-14575","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"tag-housing-society-in-islamabad-zone-iv"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>PM Nawaz Sharif approves housing society in Islamabad\u2019s Zone IV - Zameen News<\/title>\n<meta name=\"description\" content=\"This must be great news for real estate investors, but it\u2019s not awesome news for some other people. Prime Minister (PM) Mr Nawaz Sharif has given approval\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"PM Nawaz Sharif approves housing society in Islamabad\u2019s Zone IV - Zameen News\" \/>\n<meta property=\"og:description\" content=\"This must be great news for real estate investors, but it\u2019s not awesome news for some other people. Prime Minister (PM) Mr Nawaz Sharif has given approval\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:published_time\" content=\"2015-06-26T11:50:11+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-11T07:30:45+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2015\/06\/Approved.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zain Nadeem\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zain Nadeem\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"PM Nawaz Sharif approves housing society in Islamabad\u2019s Zone IV - Zameen News","description":"This must be great news for real estate investors, but it\u2019s not awesome news for some other people. Prime Minister (PM) Mr Nawaz Sharif has given approval","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html","og_locale":"en_US","og_type":"article","og_title":"PM Nawaz Sharif approves housing society in Islamabad\u2019s Zone IV - Zameen News","og_description":"This must be great news for real estate investors, but it\u2019s not awesome news for some other people. Prime Minister (PM) Mr Nawaz Sharif has given approval","og_url":"https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_published_time":"2015-06-26T11:50:11+00:00","article_modified_time":"2017-12-11T07:30:45+00:00","og_image":[{"width":600,"height":350,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2015\/06\/Approved.jpg","type":"image\/jpeg"}],"author":"Zain Nadeem","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Zain Nadeem","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html"},"author":{"name":"Zain Nadeem","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/c5afcaedc6f4cba9eef981f88b8ee012"},"headline":"PM Nawaz Sharif approves housing society in Islamabad\u2019s Zone IV","datePublished":"2015-06-26T11:50:11+00:00","dateModified":"2017-12-11T07:30:45+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html"},"wordCount":373,"commentCount":4,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2015\/06\/Approved.jpg","keywords":["housing society in Islamabad zone IV"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html","url":"https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html","name":"PM Nawaz Sharif approves housing society in Islamabad\u2019s Zone IV - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/pm-nawaz-sharif-approves-housing-society-in-islamabads-zone-iv.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2015\/06\/Approved.jpg","datePublished":"2015-06-26T11:50:11+00:00","dateModified":"2017-12-11T07:30:45+00:00","description":"This must be great news for real estate investors, but it\u2019s not awesome news for some other people. 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