The Capital Development Authority (Capital Development Authority) has announced a major reduction in property transfer fees for properties under its jurisdiction in Islamabad, providing relief to buyers and sellers in the capital’s real estate market.
According to the revised policy, the transfer fee has been reduced from 3 percent to just 1 percent of the property value as determined by the Federal Board of Revenue.
Previously, property transactions in Islamabad were subject to a 3 percent transfer charge, which significantly increased the overall cost for buyers and investors. With the new adjustment, the cost of transferring property ownership is expected to drop substantially, making real estate transactions more affordable.
The move is seen as a positive development for Islamabad’s property sector, which has been facing pressure due to rising costs and market fluctuations. Real estate stakeholders believe the reduced fee may encourage more buying and selling activity in the capital.
Officials have not yet announced whether further reforms or additional incentives are being considered, but the decision is expected to have an immediate impact on ongoing and future property deals within CDA-controlled areas.
