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CM sets Sept 15 deadline for Multan Road projectTuesday, August 30, 2011
LAHORE: Punjab Chief Minister (CM) Shahbaz Sharif has given directions regarding completion of Multan Road project by September 15 so that better travelling facilities could be provided to the citizens at the earliest.
Granting approval to the construction of flyovers at the canal on Ferozepur Road and an underpass at Qainchi near Chungi Amar Sidho, the CM directed that these projects be comp ... more |
Shahbaz inaugurates Ring Road’s Ghazi InterchangeMonday, August 29, 2011
LAHORE - Chief Minister Shahbaz Sharif has said that all resources are being utilized for the maintenance of law and order in the province, however, there is always room for improvement and sincere efforts are being made for this purpose. Talking to media after inauguration of the Ring Road’s Ghazi Interchange here on Sunday, he said that Pakistan was passing through the most crucial phase of it ... more |
Developers keep bonds on hold in deflated marketFriday, August 26, 2011
Dubai: The UAE's developers and contractors may struggle to tap the bond market until a glut of homes that's weighing on prices is sold off. Arabtec Holding, the country's biggest construction company, mall-developer Majid Al Futtaim Group and Abu Dhabi's Tourism Development and Investment Co. were forced to delay plans to issue bonds. The country's non-real estate companies raised about $9 bill ... more |
Expanding horizonsThursday, August 25, 2011
When I visited Ross Gardiner, director of Lannhill Real Estate, an agency in Dubai, he was busy chasing up the expansion work at the company’s new office. Office furniture and work stations were being put in place, and it was good to sit amid all the activity inside indicating Lanhill’s activity picking up outside.
“We have moved from a 1,200 square feet office in the marina to a 4,200 square ... more |
CDA to launch new residential sector in zone IVWednesday, August 24, 2011
ISLAMABAD: Capital Development Authority (CDA) has finalized launching a new residential sector in Zone IV for middle class on economical rates likewise rapid mass transport system is on the cards and soon 35 buses will start operating in the city. Development of Sector I-15 is another priority of CDA. Besides, contract of shuttle service of Diplomatic Enclave will be reviewed and Minister of In ... more |
CM approve land auction to set up major business hubSaturday, August 20, 2011
LAHORE – Punajb Chief Minister Mian Shahbaz Sharif and Punjab Chief Secretary Nasir Mehmood Khosa also approved the proposal for auction of land for Fianance and Trade Centre formally. The CM also directed the LDA authorities to prepare a comprehensive plan in order to make Expo Centre a major business hub of the City.
The LDA spokesman told this scribe that government is planning to built ... more |
Fortress to raise property funds as fees squeezedFriday, August 19, 2011
Managers, many still suffering losses on funds raised from 2005 through 2008 as property prices peaked, are back in the market because some pools are winding down after the typical three-year commitment period, said David Hodes, managing partner at New York advisory firm Hodes Weill & Associates. With firms seeking $150 billion (Dh550.78 billion) for real estate, some are offering lower fees and ... more |
Ashiana allotment letters distributedWednesday, August 17, 2011
LAHORE: Punjab Chief Minister (CM) Shahbaz Sharif has said that Pakistan Muslim League-Nawaz (PML-N) has not only realised the dream of Nawaz Sharif by providing houses to the poor, labourers, widows and deprived persons under Ashiana Housing Scheme (AHS) but also translated the vision of Quaid-e-Azam and Allama Iqbal into reality. He said this on Tuesday while addressing a ceremony for the dis ... more |
LDA stopped from giving land to police deptTuesday, August 16, 2011
The Chief Minister’s Secretariat has returned a Lahore Development Auth-ority’s summary seeking approval for allotment of land for buildings of nine police stations in the city, it is learnt. The secretariat returned the summary to the LDA after the chief minister wrote “no further action” on it, officials told Dawn on Wednesday.
They said the officials moved the summary to the secretariat ab ... more |
Kalma Chowk: ‘To Lahore, happy Independence Day’Monday, August 15, 2011
LAHORE: Chief Minister Shahbaz Sharif inaugurated the Kalma Chowk flyover on Ferozepur Road yesterday and declared it an Independence Day “gift to the citizens of Lahore”. Speaking at the inauguration, the chief minister congratulated engineers for finishing the “landmark” bridge in a “record” 135 days. He said if all government departments were as dedicated and hardworking as the team that buil ... more |
US seeks to shed foreclosed homes in bid to revive marketFriday, August 12, 2011
Washington: The Obama administration on Wednesday went searching for creative answers to a perplexing question: How can the government rid itself of the glut of foreclosed properties it now owns in a way that nudges the housing market toward recovery? As the housing crisis has persisted, government-backed mortgage giants Fannie Mae and Freddie Mac, along with the Federal Housing Administration, ... more |
LDA auctions 82 plots for Rs 138.4 millionFriday, August 12, 2011
LAHORE: The Lahore Development Authority (LDA) has auctioned 82 commercial and residential plots for Rs 138.4 million in various residential schemes during the last two days.
On Wednesday, 48 plots worth Rs 74.2 million were auctioned that included six commercial plots in various housing schemes as well as 42 residential plots in Sabzazar Scheme.
Among the commercial plots, the highest bid ... more |
RCB to launch model-housing schemeThursday, August 11, 2011
The Rawalpindi Cantonment Board (RCB) has decided to launch a big housing scheme on a former landfill site near Chakra Bhatta Chowk in Cantt area.
The housing project will have all basic facilities while the housing scheme will be first of its own kind. Rawalpindi Cantonment Board has nearly 600 kanals of land in the area which was being used earlier as a landfill site but now it has been mad ... more |
P&D dept main arm for formulation of ADP: CMThursday, August 11, 2011
KARACHI: Sindh Chief Minister (CM) Syed Qaim Ali Shah has said that the Planning and Development (P&D) Department is the main organisation for formulation of Annual Development Programme (ADP), evolving economic policy and research, monitoring of schemes and execution of projects. He was presiding over a high-level meeting of the P&D Department here on Wednesday. He said the provincial governmen ... more |
Waterfront project to lift rentsMonday, August 08, 2011
Sharjah: Residents of Al Majaz in Sharjah may see their rents rise by up to 15 per cent as the waterfront redevelopment gives the neighbourhood an uplift, a senior government official told Gulf News. "I expect rents to rise by 15 per cent with the view at Al Majaz and the high-end cafes and restaurants at your doorstep," said Marwan Bin Jasem Al Sarkal, chief executive of the Sharjah Investment ... more |
Encroachments in QAU: CDA ‘dodging’ responsibility to clear illegal occupantsSaturday, August 06, 2011
ISLAMABAD: A controversy between Quaid-i-Azam University (QAU) Islamabad and the Capital Development Authority (CDA) has surfaced over retrieval of the university’s land from encroachers. The QAU administration claims that a large portion of its land is in illegal possession of 13 villages and some “politically-backed” land grabbers, against whom CDA is not taking any action despite repeated req ... more |
Building control in need of improvementFriday, August 05, 2011
The collapse of an old building in Lyari on Thursday, which claimed several lives, is a testament to the fact that the Sindh Building Control Authority (SBCA) – previously known as Karachi Building Control Authority – has failed to fulfil its responsibility to protect citizens. According to a notification from then KBCA’s Technical Committee issued on December 28, 2009, as many as 29 buildings, ... more |
Journalists get suspended two CDA officers for mentioning their namesThursday, August 04, 2011
ISLAMABAD: The Capital Development Authority (CDA) has suspended its two officers for allegedly mentioning the names of journalists interested in plots in sector I-15. According to sources, the journalists pressurised the prime minister for this action saying that the list sent to Cabinet Division in the regard was incorrect. They said the journalists who were included in the list had not only a ... more |
Bill tabled in NA to restrain CDA from changes in Master PlanWednesday, August 03, 2011
ISLAMABAD: Member of National Assembly (MNA) Parveen Masood Bhatti has tabled a Bill in National Assembly (NA) to restrain Capital Development Authority (CDA) from changes in Islamabad’s Master Plan without the approval of the cabinet.
If the Bill were passed it would not be possible for CDA to convert park, green belts and other lands into residential plots. In this Bill, called the Capital ... more |
Date extended on demand of overseas Pakistanis: CDATuesday, August 02, 2011
ISLAMABAD: Spokesman for CDA Ramzan Sajid told Daily Times that CDA will be able to regain the trust of the investors through this project. He said if no one would apply for the project still CDA management had decided to complete it in one year.
He said the development cost of the project was almost Rs 1.25 billion and CDA have already got commitments of Rs 5 billion. He said date of filing ... more |
Dh2.92b in housing loans for EmiratisMonday, August 01, 2011
Abu Dhabi: The Abu Dhabi Executive Council Sunday approved Dh2.92 billion in housing loans for 1,496 Emirati beneficiaries from the Private Housing Loans Authority in Abu Dhabi. A total of Dh1.6 billion in housing loans will be distributed to 805 beneficiaries from Abu Dhabi, Dh788 million to 394 beneficiaries in Al Ain, and Dh594 million to 297 families in the Western Region.
The move comes ... more |
LDA approves deficit budgetMonday, August 01, 2011
LAHORE, Aug 1: The governing body of the Lahore Development Authority (LDA) on Monday approved the annual budget of the authority and its subsidiaries, Water and Sanitation Agency (Wasa) and the Traffic Engineering and Planning Agency (Tepa), for the 2011-12 fiscal year. The collective resources of LDA, Wasa and Tepa have been estimated at Rs20.101 billion against Rs22.376 billion expected expen ... more |
