Malakand : [Mansoor Ahmad, District Coordinator, ReNews Pakistan]
The Khyber Pakhtunkhwa Revenue Authority has launched a comprehensive campaign across Malakand district and the Mardan region to identify and register unregistered housing societies.
The initiative aims to bring major real estate projects into the formal tax net to ensure transparency, legal compliance and improved revenue collection. KPRA teams have started field visits to verify the registration status of various housing and development schemes.
In a parallel development, special investment incentives have been announced for the Dargai Industrial Zone. Investors can benefit from tax free status and up to 27 percent savings on electricity costs. In addition, a 25 percent rebate is being offered to industries that become operational within the first year of establishment, making the area an attractive destination for commercial growth.
Real estate experts say that with the enforcement of the Khyber Pakhtunkhwa Housing Schemes Regulations 2024, developers are now required to comply with official standards. They added that due to Malakand’s strategic location near CPEC connected routes, demand for residential and commercial properties in the district has increased by more than 60 percent.
The administration has advised citizens to verify the registration status of any housing scheme from the relevant Tehsil Municipal Administration before purchasing a plot to avoid possible legal complications.