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Author : Atif Iqbal

Dubailand back on track by year-end, says developer

Dubailand, the multibillion-dollar real estate project backed by Dubai Properties Group, is in talks with developers to review their contracts under a wider restructuring plan that aims to get the project back on track by the year-end. The mega-project was one of the most ambitious entertainment resorts planned for Dubai but was placed on hold[…]

China agrees to run Gwadar port

ISLAMABAD: Defence Minister Chaudhry Ahmed Mukhtar said on Saturday that China had “acceded to Pakistan’s request to take over operations” of the Gwadar port as soon as the agreement with the Singapore Port Authority expired. The minister, who had accompanied the prime minister during his visit to China, issued a statement to press about the[…]

Data Gunj Bakhsh Town: TMO plans to build four food streets

LAHORE: The Data Ganj Bakhsh Town (DGBT) administration says it will start construction of four food streets within a month. Ali Abbas Bukhari, the DGBT town municipal officer (TMO), told The Express Tribune that the administration was determined to execute the plan and development funds for the projects were available.

China to take control of Gwadar Port

Defence Minister Ahmed Mukhtar said that China has agreed to take control of operations at the Gwadar Port. In a statement issued after his visit to China, the Defence Minister said that China will take over control of the Gwadar Port Authority once the contract with the Port of Singapore Authority (PSA) expires.

LDA to set up finance, trade centre

THE governing body of Lahore Development Authority (LDA) has decided setting up of a Finance and Trade Centre on 1,123 Kanals Johar Town besides carrying out topographic survey and satellite imagery of suitable land for launching two new housing schemes in the provincial metropolis.

Housing needs: LDA plans two new colonies

LAHORE: The Lahore Development Authority decided on Friday to develop two new housing societies in the city. These societies would be established on Ferozepur Road and Raiwind Road. The decision was taken in a governing body meeting chaired by Ahad Khan Cheema, the DCO and ex-officio chairman of the LDA. The meeting decided to conduct[…]

LDA to collect commercialisation fees

Lahore –  The Lahore Development Authority (LDA) announced on Friday that it will start a special recovery campaign for collecting the commercialisation fee from owners and occupants of properties being used for business purposes in areas under its jurisdiction.

Nakheel plans to split from Dubai World by June

Nakheel will be carved out of parent company Dubai World and become a government-owned entity by June, when its efforts to restructure $10.8bn in debt will be complete. “Nakheel separation has not occurred as yet, but will happen once the restructuring is finalised which is due to be completed by June,” a company spokesperson told[…]

Notices sent to 58 housing schemes

LAHORE – Environment Protection Authority Punjab has issued notices to 58 housing schemes and industrial units discharging untreated wastewater at Charrar drain. Housing societies and industries have been asked to install wastewater treatment plants to avoid proceedings at Environmental Tribunal. Chairing a meeting held here on Tuesday to review measures for reducing pollution in Hudiara[…]

Land acquisition for Ring Road southern loop in progress

LAHORE – A sum of Rs 21.6 billion will be spent on acquisition of land for the southern section of Ring Road in accordance with the revised design. According to sources, the Punjab government was acquiring land for 8.5-kilometer southern loop (SL-1) from Sui Gas Town to Ferozepur Road worth Rs 4 billion. For the[…]

LDA City Lahore

Lahore Development Authority decided to start work on LDA City Lahore at Ferozpur Road consist of 200,000 Kanals which will be the Lahore largest Housing Scheme. LDA City Lahore land acquired

Plots for Pakistan Movement workers: Khosa

SENIOR Advisor to Chief Minister Punjab Zulfiqar Ali Khosa said that the Punjab government would allot residential plots to gold medallist Pakistan Movement workers in recognition of their services. This was announced at a high level meeting presided over by Sardar Zulfiqar Khosa. Secretary Housing and Urban Development Sohail Aamir, Special Assistant to CM Raja[…]

Bahria Town Lahore Rates by eProperty 13-05-2011

All rates are in Rupee Lacs. Given rates are for average locations plots, homes, commercials excluding average below and average above locations in Bahria Town Lahore. Expert Opinion: Good buying time for Janiper and Overseas Enclave B Block. Plot price range 14 to 15 lacs is highly recommended for buying in developed area if available[…]

Dubai property transactions and enquiries increase significantly

Not only has Dubai’s economy improved significantly and its tourist numbers return pre-recession levels but it has now been announced that property transactions have jumped by 20% in just 3 months. RERA’s (Real Estate Regulatory Agency) CEO Marwan Bin Ghlaita said “The total value of transactions in Dubai in the first quarter was Dh30 billion[…]

Dubai to launch official property listing website

The Dubai Land Department (DLD) will soon launch – Simsari.com – its official property listing website, Emirates 24/7 can reveal. “The website is ready and will be launched officially in the coming days. Only listed brokers will be allowed to register properties, be it off plan, or completed units for leasing or selling,” Khalifa Al[…]

Bahria and Starwood to make iconic projects

Islamabad—President Starwood Hotel and Resorts, on his first visit to Pakistan, visited the Sheraton resort projects; Sheraton Hotel and Sheraton Golf and Country Club, which forms the part of a high-security, gated-access, mixed-use development “Bahria Golf City” Islamabad, soon to be launched project of Bahria Town. Also present at the occasion were Mr. Malik Riaz[…]

DHA ban on sheesha

THE Defence Housing Authority, Lahore, has banned sheesha in all restaurants and parks within its jurisdiction. The ban is meant to eradicate smoking of sheesha which is made from flavoured tobacco. DHA officials say teenagers smoke sheesha laced with narcotics and subsequently become addicts. However, this ban needs to be really implemented as sheesha has[…]

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Atif Iqbal from eProperty®