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Pakistan Property News & Trends

Iran Military Conflict Would Harm U.A.E. Real Estate Market

A military conflict between Iran and Western powers would be detrimental to property prices in the United Arab Emirates as the country would lose its safe haven status, according to Jones Lang LaSalle Inc. A confrontation will affect “confidence in the U.A.E. and the impact on real-estate prices would be certainly negative,” said Fadi Moussalli,[…]

CDGK Parking Plaza still under-utilised after two years

Project worth Rs 650m became operational in July 2009 With a capacity to accommodate 1,200 vehicles at a time, plaza could not attract over 30 vehicles a day Karachi: With what was being said as a breakthrough to make the roads of Saddar area congestion-free, defunct City District Government Karachi (CDGK) constructed a Parking Plaza[…]

Bahria Town Lahore Rates by eProperty 22-01-2012

All rates are in Rupee Lacs. Given rates are for average locations plots, homes, commercials, files excluding average below and average above locations in Bahria Town Lahore. Note: Bahria Town Lahore Sector D files are availbale in market in minus price also. Short instalment paid plots has been cancelled. Bahria Town Lahore Sector D 3nd[…]

DHA Islamabad holds draw

Rawalpindi: The draw for the ‘DHA Commercial 2011’ was held at the Defence Housing Authority, Phase-I, Islamabad, on Friday, says a press release. Through the draw, 5 marla commercial plots, shops and studio apartments were allotted to the successful applicants. Senior officials of the Defence Housing Authority along with the others were also present on[…]

KMC starts construction, repair of roads

KARACHI: Administrator KMC Muhammad Hussain Syed said that construction and repairing of roads in different areas of the city has started while work on five flyovers and three underpasses would begin after calling of tenders in two weeks carrying an estimated cost of Rs1.6 billion.

Park Enclave Housing Scheme

ISLAMABAD: Senate Standing Committee on Cabinet Secretariat has directed Capital Development Authority (CDA) to complete the Park Enclave Housing Scheme-Zone IV within stipulated time. The committee met under the chairmanship of Senator Shahid Hassan Bugti at CDA headquarters on Thursday to discuss the work progress of Park Enclave Sector E-12 and construction of offices of[…]

Gwadar: The future of Pakistan

GWADAR, “The Future of Pakistan”, is a Balochi term which translated means “Door of Wind”. However, looking into the future, it can be referred to as the “Door of Prosperous Wind”. Gwadar has geo-strategic significance due to many reasons. It is on the conduit of three most commercially important regions of the world. The oil[…]

National Highway Authority award contract of construction of Karachi- Hyderabad Motorway M-9 to Malaysian Company, costing Rs 24.93 billion

Islamabad: Chairman National Highway Authority Syed Muhammad Ali Gardezi presided over meeting of NHA Executive Board today which accorded approval to award of contract of construction of Hyderabad Karachi Motorway (M-9) to Malaysian Construction Company M/s BINAPURI Holding, on BOT basis with concessionaire period of 28 years. Existing 4-Lane Karachi-Hyderabad Super Highway will be upgraded[…]

Road rehab from Garden town to Faisal Town in 2 months

LAHORE: Lahore Development Authority’s (LDA) Traffic Engineering and Transport Planning Agency (TEPA) will carry out rehabilitation of 1.8-kilometre-long Maulana Shabbir Usmani Road, from Y Junction New Garden Town to Faisal Town Roundabout, at a cost of Rs 166.8 million within two months. Tenders for executing this project have already been invited from contractors possessing their[…]

Gwadar infrastructure development project: PC-1 submitted to Planning Commission

ISLAMABAD: The Ministry of Industries has submitted to Planning Commission for approval the PC-1 for Infrastructure Development Phase-1 of Gwadar Industrial Estate project, costing Rs 1.53 billion. According to PC-1 of the project available with Business Recorder, under new economic growth framework 2012-13, the development of Gwadar Industrial Estate fits very well with objective to[…]

LDA seals store for violating bye-laws

LAHORE – The staff of Town Planning Wing of Lahore Development Authority has sealed Al-Fateh Store, Commercial Zone, Gulberg III, on Friday on account of violations of building bye-laws and failing to remove the constructions raised against the sanctioned plan despite the fact that notices in this regard had been repeatedly been served on the[…]

Dubai hotel room rates fall 18.7%

Average room rates of Dubai hotels dropped 18.7 per cent to $217 in November 2011 compared to $267 for the same month last year, according to Ernst & Young’s latest figures. The figures showed that the emirates posted third biggest drops in November in the Mena region after Sharm El Sheikh (22.8 per cent) and[…]

Nakheel to start building again on Palm island in Dubai

Major Dubai developer Nakheel has announced plans to start rebuilding on its iconic Palm island development, the first activity since it received a government bailout in 2009. The Pointe development will include shops, computer controlled fountains, a marina and a public walk on the tip of the palm shaped island, chairman Ali Rashed Lootah confirmed.

100,000 plots for homeless

LAHORE – Chief Minister Shahbaz Sharif on Wednesday gave a detailed briefing to party chief Nawaz Sharif on the public welfare projects at a high level meeting here. While addressing the meeting, the CM said the Punjab government was pursuing a comprehensive programme of public welfare under which a number of projects were being executed[…]

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