Islamabad:The new management of the Capital Development Authority (CDA) on Thursday took a significant decision for drastic reduction in property transfer fee in Islamabad.
Chairman Capital Development Authority (CDA) Sohail Ashraf presided over the third CDA Board which in principle decided to reduce transfer fee from three percent. The CDA with approval of the Board also issued a notification for reduction in the property transfer fee. It says that the property transfer fee has been revised from 3 percent to one percent of total value of the property as notified by the Federal Board of Revenue (FBR) in the light of CDA Board decision taken on April 9, 2026.
Several agenda items were discussed during the third CDA board meeting. The existing transfer fee was reduced from 3 percent. This decision will not only promote investment in Islamabad but will also bring improvement in the housing and real estate sector.
The reduction in fee will provide direct relief and benefit to citizens involved in buying and selling properties, the CDA spokesman said.
Sohail Ashraf said that instead of increasing property taxes in the capital, efforts should be made to broaden the tax base. The meeting was attended by Member Administration Esfandyar Baloch, Member Estate Zaman Wattoo, Member Environment Abdullah Khurram Niazi, Member Finance, Planning and Design Muhammad Umair, Member Engineering Syed Nafasat Raza and Professor Dr. Muhammad Ali, Vice Chancellor of Punjab University.
CDA Board also approved the award of contract for hiring Creative Consultants (City Curator) to transform Islamabad into a cultural and tourism hub. The meeting was informed that all procurement processes and legal requirements for acquiring the services of Creative Consultants have been duly fulfilled.
Chairman CDA said that the initiative will prove to be a milestone in improving the cultural and tourism sectors of the capital. CDA Board also deliberated on the outsourcing of solid waste management (Package I and II) for Islamabad. Based on the recommendations of the Grievance Redressal Committee and Procurement Committee, it was decided to terminate the ongoing procurement process.
It was also decided to review successful models from other cities and restart the outsourcing process for solid waste management. Chairman CDA said that after reviewing the best models from other cities, an immediate, sustainable and efficient system will be adopted.
