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House rents becoming unaffordable

Islamabad: Non-development of new residential sectors, mushroom growth of housing societies and above all the misuse of residential units for commercial purposes have skyrocketed the housing rentals in the city to the point of unaffordability.The bitter fact is that finding a house on affordable rent is becoming a dream for the middle class especially for the salaried class.Due to blithe lack of concern by the Capital Development Authority for provision of housing facilities to the common people, one of the basic mandates of the civic body, the housing shortage has burgeoned to thousands.Even the commercial entities including educational institutes, offices, beauty parlours, restaurants and foreign missions have also no place in the commercial areas due to poor planning.But it is the residents who bear the brunt of this ill-planning who have to face a lot of difficulty to find a residential unit on rent.The owners giving preference to rent out their house for commercial purpose as compared to residential purpose because they get more money from commercial units which is sheer violation of CDA by laws building regulation act 2005 amended in 2015. According to a report of the CDA there are hundreds of nonconforming units in the federal capital which are being used for different commercial activities.Talking to this news agency, Irfan Ahmed Khan , an owner of house in F-10/4, said that he is getting Rs400,000 monthly rent of his house as he rented it for a guest house which is almost 70 per cent more than residential use.According to survey conducted by this agency, the owners of houses getting rent in US dollars in sectors including F-5, F-6, F-7, F-8 and F-10, theses residential units are out of reach for salaried persons. Waleed Khan, a resident of sector G-9/3 said that he is paying Rs60,000 rent against a single upper portion while his fellow is paying Rs80,000 in ground portion in the same house.Capital Development Authority (CDA) Director said that civic body has taken strict action against all those premises which were being violating the rules and regulations by using residential properties for commercial purposes.

from The News International - Islamabad https://ift.tt/2NJlTlO
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