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Pakistan Property News & Trends

Auction woes: No valid bids for Trade Centre plots

LAHORE: Investors showed little interest in the Lahore Development Authority (LDA)’s auction of two plots for a hotel and a superstore in a new commercial zone in Johar Town on Saturday. LDA officials were left red-faced at the lack of bidders at the auction, having previously postponed it in the hopes of attracting more investors.

Civic agency seeks designers for its ‘main’ scheme

ISLAMABAD: With all the hopes for financial stability pinning on the newly launched Park Enclave project, the Capital Development Authority (CDA) is leaving no stone unturned for its smooth execution. The authority is now seeking expression of interest for the development of the housing society, the decision for which was conveyed to concerned companies through[…]

Court issues arrest warrants of 7 suspects in Kurri land scam

ISLAMABAD: Federal Investigation Agency (FIA) on Saturday gets arrest warrants of seven Kurri land scam suspects including main icons of scam, former director Land and Rehabilitation Waseem Shamshad, Deputy Director Abdul Rasheed, Assistant Director Technical Malik Mumtaz, Sub-Engineer Khaid Khokhar and three other officials of Capital Development Authority (CDA) from court of Senior Civil Judge[…]

CDA fails to carry out construction of Park Complex

ISLAMABAD – The beauty once famous recreational spot, Lotus Lake, in the vicinity of Shakarparian Hills continues to wane due to the Capital Development Authority (CDA) Environment Directorate’s failure to implement their plan for the construction of the Park Complex. “Delay in the execution of the plan has not only destroyed Lotus Lake but also[…]

20-Year Master Plan for Multan

MULTAN: District Coordination Officer (DCO) Zahid Akhtar Zaman said that different mega projects were being initiated near Vehari road, Bahawalpur By-pass and Sher Shah By-pass in line with 20-year Master Plan to meet future requirements.

CDA all set to launch Margalla Enclave Islamabad

ISLAMABAD – In continuation of its moneymaking ventures to get the cash-starved civic body out of financial crises, the Capital Development Authority is going to lunch Margalla Enclave (Margalla Retreat), a small housing colony, in Sector E-11. It seems good days are awaiting the authority, as it is expecting to generate much more than 57[…]

DHA Lahore, schools asked to take preventive steps

LAHORE: The provincial Health Department asked Administrator DHA Lahore, Secretary Cantonment Board and Chairman Model Town Society to take steps for elimination of mosquito breeding sites in view of dengue outbreak. The Health Department spokesman in a handout here on Thursday said that water falls and fountains should also be kept dry and swimming pools[…]

Sector D Bahria Town Lahore Ballot Results

Bahria Town Lahore announced balloting (Qurandazi) result for Sector D Bahria Town Lahore. Members are requested to check their plot number and can also collect Sector D Bahria Town Lahore Map from office. Ballot was done in house via computer. For development status, draw results, plots numbers and other details please contact Bahria Town directly.[…]

Rent-to-buy schemes may boost UAE property market

The growth in rent-to-buy property schemes, where tenants can convert the rent they have paid into equity towards the purchase of their unit, has proven to be a popular way for buyers to get onto the UAE property ladder, analysts have said. Aldar Properties, Abu Dhabi’s largest developer, this week launched a rent-to-own programme for[…]

Sher Shah Colony: A plethora of problems

LAHORE – The Lahore Development Authority (LDA) and Water and Sanitation Agency (WASA) have created plethora of problems for the residents of Sher Shah Colony, a government employees housing colony, situated on Raiwind Road, a survey conducted by TheNation revealed. The housing colony is situated on the main entrance to the LDA Housing Scheme. The[…]

DHA plots not yet allotted

AN ongoing practice at the DHA Lahore has been badly affecting residents since the past five years. Defence Housing Authority Lahore transferred hundreds of files for (ex)-Park View Housing Society now supposed to be a part of DHA Phase 8 Lahore during a span of the past eight years. However, no ballot has taken place[…]

Faisalabad: A developing city with deteriorating real estate

Faisalabad was once well known for its bumpy and wrecked roads. It’s no longer the city’s ground reality as carpeted highways and main roads are replacing the unkempt road tracks. The road network in the city is widening and smaller towns and adjoining villages are also benefiting from this surprising and long awaited development. The[…]

Sellers short on ideas in Dubai property market

Dubai’s property industry is now a buyer’s market. It’s a far cry from the heady days of the property boom when sellers were calling the shots and getting a premium price. Buyers are now after the most attractive projects. There is a reasonable demand for residential units in areas that have finished roads and basic[…]

Bahria Town Lahore Rates by eProperty 06-09-2011

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 hotels occupancy rises on tourist arrivals

DUBAI — Dubai continues to attract a large number of tourists as hoteliers in the emirate recorded the biggest year-on-year jump in occupancy level within the Middle East during July, global consultancy firm Ernst & Young said in its latest report. Occupancy level reached 80.8 per cent in the emirate during July compared to 70.3[…]

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