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Authority not changing zone’s status: CDA charimanThursday, December 23, 2010Islamabad: Capital Development Authority (CDA) has decided to allow construction on private land only in zone three. It is misconception that the construction will be allowed on National Park area. CDA Chairman Imtiaz Inayat Elahi stated this while talking to media at his office on Wednesday. He said that according to bylaws CDA could not change trade (status) of the land. Cabinet divi ... more |
SC directs action against bogus housing schemesThursday, December 23, 2010Lahore: A full Supreme Court (SC) bench headed by Chief Justice of Pakistan Justice Iftikhar Muhammed Chaudhry directed to spend money acquired by auctioning 81 plots of former member of Punjab Assembly on development of Venus Housing Scheme, Geo News reported Thursday. The SC disposed of petitions filed under public benefit. These petitions said Mian Shahbaz sold plots of the housing schem ... more |
Encouraging outlook for Middle East retail property market in 2011Monday, December 20, 2010The retail real estate outlook for Egypt, Saudi Arabia and Kuwait is looking encouraging going into 2011, according to a new analysis. Egypt has a massive under supply situation, says Matthew Jay, senior retail analyst at CB Richard Ellis Middle East. He points out that Cairo has around 400,000 square meters of gross lettable area (GLA), which reflects ‘massive under supply relative to the ma ... more |
UK construction industry hopeful of a better 2011Thursday, December 09, 2010The British construction industry is hopeful that 2011 will see improvements in turnover and gross profits despite poor confidence in the sector, according to a new report. Although confidence in the sector remains low this quarter and still lags that of most other sectors, there is still optimism looking ahead, says the latest ICAEW/Grant Thornton UK Business Confidence Monitor (BCM). ... more |
New property tax aimed at curbing speculation expected for Taiwain in New YearWednesday, December 08, 2010Taiwan is considering a new property tax on real estate sold within a year of purchase and plans to revise land valuation rules to further quell the risk of overheating in its property market. Government officials said that the tax will be aimed at investment properties and not at ordinary buyers who want a home for their own use. Land valuations will also be revised more regularly to ensu ... more |
Gulf construction sector hoping to gain from Qatar football World CupTuesday, December 07, 2010The announcement that Qatar is to host the 2022 FIFA football World Cup tournament has brightened the outlook for real estate and construction companies in the Gulf region. A number of developers are already working in the Gulf state and others in the region are hoping to get some of the action from the region’s first ever global football competition. ‘We would expect to be in a positi ... more |
Housing scheme launched for the poorFriday, December 03, 2010CHIEF Minister Muhammad Shahbaz Sharif has said that Punjab government is launching Ashiana Housing Scheme in accordance with the people-friendly and pro-poor vision of PML-N Muslim-N Quaid Muhammad Nawaz Sharif which will help realise the dream of low-income people of having their own house. He was addressing the inaugural ceremony of Ashiana Housing Project at Chief Minister’s Secretariat ... more |
