Biggest Property Giant Zameen.com is hacked and whole website & database is leaked online

On May, 28' 2016 The Biggest Property Giant Zameen.com was hacked and whole website & database was leaked online. 

The property portal went down for few hours by Bangladeshi Hacker Tiger Mate. The hacker put whole website code and database for download. 

Many people are amazed how this security breach was done even though Zameen.com has availed some huge funding from various venture capitals.

The leaked data includes Users data with passwords which are md5 encrypted which is very weak encryption technique and can be easily decoded.

The Hacker has reported said that he warned the Zameen.com management that there is security loop hole in their website so they should take quick measures but they ignored it so now he has hacked the whole site so that they can learn lesson.

On a serious note, Pakistani Portals should learn from this and should take serious measures to improve security of their respective portals.

To date their is no official statement from Zameen.com about this security breach.

Punjab Govt decided to impose tax on property sale / purchase

Punjab Govt decided to impose tax on property sale / purchase

Punjab Government has decided to impose tax on sale / purchase of property which will directly affect the investors in property business. 

But on the other hand it will benefit the serious buyer of property, you can say end users who intend to construct homes instead of roaming the files around to create false prices. So it's a bad news for investors and good news for serious buyers. 

News Source

Good News for Bahria Orchard Lahore Low Cost Scheme File holders

Bahria Town Has Started Giving possession Of Low Cost Scheme Bahria Orchard

There is Good News for Bahria Orchard (Phase 2) Low Cost Scheme file holders, now Bahria Town has started giving possession of C,D,E,F,G,H & J Blocks. So all file holders are advised to contact Bahria Town to start their possession process.

Once anyone gets possession of one’s plot then He/she is bound to start construction in at least 3 years, after which they will be charged with some hefty amount annually.

Actually Bahria Town wants its customers to construct homes rather than keeping their plots un-constructed because that is how more and more sale/purchase activity will go on when people will see populated society with so many built houses.

Now rates are also going upward in Bahria Orchard Phase 2.

• ·         8 Marlas is around 40 + lac
• ·         5 Marlas is around 25 + lac

Also Now Bahria town Lahore has moved its official office in Bahria Orchard C Block which also gives edge to Bahria Orchard.

For your knowledge Bahria Orchard Low Cost scheme was first introduced in Jan 2010 so it took almost 6 years to materialize ones investment.

Approximate Prices when Bahria Orchard LC was started

• 8 Marlas = Rs. 880,000 + 300,000 (Development Charges) = Rs. 11,80,000/- (Total)
• 5 Marlas = Rs. 550,000 + 200,000 (Development Charges) = Rs   7,50,000/- (Total)

Bahria Orchard Master Plan

Did Bahria Town abandon Bahria Greens Lahore?

Now it looks that Bahria is not interested to continue its project called Bahria Greens supposedly situated at Raiwind Road Lahore near Bahria Orchard. Because now Bahria Town has started refund procedure for Bahria Greens file bearers. 

Bahria Greens file holders are asked to present their original documents and Bahria Town will refund their paid amount within 3 months via cross cheque. This is also applicable for cancelled files as well.

Also Malik Riaz has told the members to discontinue payment of further installments of Bahria Greens until BT revises the payment plan after initiation of development work within a month.

So Bahria Greens victims are advised to take their refunds from Bahria Town’s office in Lahore.

On April 26, 2016, Malik Riaz met with affectees at the Grand Hotel in Bahria Town and listened to the concerns of Bahria Green file owners, he also signed application of various owners at the event and also approved 100% cash refunds for those who asked for it.

Also in last year Bahria introduced merging facility of Bahria Greens files in order to reduce maximum numbers of files revolving in market as all of you know that BT is notorious in over-selling of files.

So Bahria Town hasn’t abandoned Bahria Greens completely so there might be time that BT will start this project in near future but no one can’t say for sure.

Below is given the payment schedule of Bahria Greens when it was introduced.

Below is given Bahria's letter for Bahria Greens file merging

State Life Cooperative Housing Society Extension (Heaven Homes) is declared illegal by LDA

State Life Insurance Employees Co-Operative Housing Society Ltd. Extension (Heaven Homes) is declared illegal by LDA. So it is advised that buyers should avoid buying property in illegal extension otherwise they will be held responsible for their losses.

Dated: May, 13, 2016

News Source

Gulf Residentia Declared as Illegal Housing Society

Gulf Residentia is declared illegal by LDA. So it is advised that buyers should avoid buying property in illegal Housing society which is not yet approved by LDA, otherwise they will be held responsible for their losses.




Source:
Dated April 9, 2016

Maryam Park Housing Scheme Declared illegal by LDA

Maryam Park Housing Scheme is declared illegal by LDA. So it is advised that buyers should avoid buying property in illegal Housing society which is not yet approved by LDA, otherwise they will be held responsible for their losses.

URL of News

Dated April 7, 2016

FOLLOWING a large number of public complaints against illegal housing societies, Lahore Development Authority (LDA) has initiated necessary legal action against 109 illegal housing schemes.

Officials said the LDA initiated this action under LDA Act-1975 and warned the general public to restrain from making any kind of transaction(s) in illegal housing schemes. They said except LDA no other Authority or Town Municipal Administration/Tehsil Municipal Administration or any local bodies or any other government agency is authorised to approve any private housing scheme/land sub-divisions in Lahore Division after 19.09.2013

They said sponsors of housing schemes and land sub-divisions were not allowed to develop the scheme without approval of Lahore Development Authority. Sponsors are not allowed to advertise any scheme or project prior to formal approval by Lahore Development Authority and after the approval of the scheme/land sub-division, the sponsors are not allowed to advertise the scheme without getting a No Objection Certificate (NOC) from the Lahore Development Authority.

Officials said that launching/development of scheme without approval of Lahore Development Authority and publication of advertisement without obtaining NOC from the LDA are illegal actions and punishable under Lahore Development Authority Act 1975. They said LDA carried out a survey besides collecting land record from TMAs and after scrutiny the following 109 housing schemes/land sub-divisions were found illegal. They said LDA had initiated necessary legal action under LDA Act (1975) against these schemes.

Source