The news floating around is that construction sector is finally going to be declared an industry. A much needed, and demanded, move. Particularly abad and defclarea have been lobbying for it, for quite a while.
I have been increasing feeling that the future of real estate and realtors is going to be in construction and the focus will need to shift towards instead of mindlessly (in some cases, absolutely uselessly) trading plots and, even worse, files. This, but more importantly, the measures that may follow will be critical to boost the sector.
"the prime minister said the government is giving special emphasis to simplify the construction related laws and do away with the condition of unnecessary approvals and nocs.
Imran khan pointed out that the government has already abolished the condition of seeking approvals from the civil aviation and other organizations for construction of multi-story buildings in big cities. He said the establishment of land courts will also go a long way in resolving land related matters.
Chairman naya pakistan housing authority anwar ali hyder briefed the prime minister about steps being taken to address policy issues, simplification of procedures, abolishment of unnecessary approvals, compliance of zoning and development by-laws and other relevant issues.
He presented short, medium and long-term roadmap for improving ease of doing business in construction sector. He said that latest technology is being introduced to ensure transparency and simplify the procedures in the construction industry.
The chairman naya pakistan housing authority said that in the first phase the land record will be digitalized in big cities. He said that under the long term plan, the land record will be digitalized in the entire country.
He said this process will ensure online availability of the land record and address most of the land related matters."
Http://www.Radio.Gov.Pk/12-09-2019/pm-gives-in-principle-approval-to-construction-sector-as-industry
What's your opinion of this?
