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Karachi: Hotel industry in hot watersThursday, January 29, 2009KARACHI, Jan 28: Hotel industry paints a gloomy business outlook for the current calendar in view of economic and political turmoil, worsening law and order in tribal areas and persistent threat of Indian aggression has knocked down the room occupancy to 30-35 per cent across the country. Pakistan Hotels Association Chairman Mustansar Zakir said that many hotels had started offering discoun ... more |
Lahore: Gulberg Main Market traders oppose ‘metered parking’ systemThursday, January 29, 2009LAHORE: The City District Government Lahore (CDGL) and Gulberg Town administration are set to install the ‘metered parking system’ at Main Market Gulberg and at various other important sites of the city. The system aims to solve the issues of lack of parking space and over-charging by parking officials. The Punjab government has purchased machinery for the new computerised parking system, b ... more |
Foreigners fly in to buy up 'bargain' BritainTuesday, January 27, 2009According to Knight Frank London in particular remains a popular destination with people from overseas and the firm says that the proportion of prime London property being bought by well-heeled overseas house hunters increased by 17 per cent during 2008. The slide in property prices in famous-name London areas such as Belgravia, Canary Wharf, Chelsea, Hampstead, Kensington, Knightsbridge, F ... more |
Lahore: Theatres suffer losses in discriminatory closing time enforcementTuesday, January 27, 2009LAHORE: The Punjab government’s policy towards theatre timings has dealt “a serious blow” to the commercial theatre, resulting in a loss of millions of rupees since the new timings were enforced in November 2008, artists and theatre producers have said. Bound: The Home Department’s notifications and the Dramatic Performances Act 1876 contain no clause that could force theatres to close at 1 ... more |
Lahore: New transport system soon: CMTuesday, January 27, 2009PUNJAB Chief Minister Mian Shahbaz Sharif has said the provincial government has set up the Lahore Transport Company (LTC) as provision of modern transport services to the masses is his top priority. The CM was speaking at a meeting at the Chief Minister’s Secretariat to review transport services. Task Force on Transport Chairman Tasneem Noorani and the transport secretary were present in t ... more |
Karachi: Funds approved for reconstruction of 20 km portion of Super HighwayFriday, January 23, 2009Karachi: Federal Communications Minister Arbab Alamgir Khan has approved a Rs300 million project for the reconstruction of a 20-kilometre-long portion of the Super Highway. He has directed the National Highway Authority (NHA) to carry out the project on the specifications of M-9 (Karachi-Hyderabad) Motorway. During a visit to the Karachi-Hyderabad Super Highway, the minister expressed annoy ... more |
Armstrong Joins Avison Young as Managing Director, Toronto Leasing GroupThursday, January 22, 2009Avison Young Inc. announced the appointment of one of Canada's top leasing brokers, Robert Armstrong, as managing director of Avison Young (Canada) Toronto Leasing Group. Effective immediately, Armstrong will represent the company's Toronto office on Avison Young's national tenant representation team, helping to develop and service major corporate real estate clients across Canada. He will be ba ... more |
Lahore: LDA acts to recover state lands in Gulberg,Thursday, January 22, 2009THE Lahore Development Authority (LDA) foiled an attempt to grab a precious 57-kanal piece of land earmarked for setting up new Haji camp in the Tajpura area here on Wednesday. LDA Estate Management Directorate staff demolished the boundary walls and other structures which were being constructed on this land. Besides, the LDA issued warning notices to the squatters to leave this land within ... more |
Islamabad: New building code for seismic resistance in offingWednesday, January 21, 2009Islamabad: The new building code approved by the previous cabinet is in the offing and will be effective forthwith throughout the country including AJK to ensure that future structures are seismic resistant. All the new buildings, including residential, commercial, industrial and particularly high-rise, would have to follow the specification, spelt out in the new building code, Joint Engine ... more |
Rawalpindi: CM approves development of five healthcare facilitiesFriday, January 16, 2009Rawalpindi: Approval of at least five mega projects in health sector for Rawalpindi might resolve a number of problems being faced by residents of the city. “Punjab Chief Minister Mian Shahbaz Sharif in a meeting with MNAs and MPAs of Rawalpindi Tuesday has approved construction of a campus for Rawalpindi Medical College, a separate Cardiac Institute and a separate Urology Institute along w ... more |
Non-conforming use of houses in capital increasesFriday, January 16, 2009... more |
How to play the current Spanish property marketWednesday, January 14, 2009The Spanish property market isn’t particularly conducive to moving right now, but it is to improving. With plenty of tradesmen twiddling their thumbs you can drive a hard bargain, take advantage of the downturn, do some serious renovations and reap the rewards when the market picks up. And what better project to tackle than a 300-year old bakery in the Andalucian village of Medina Sidonia? Beats ... more |
How to play the current Spanish property marketWednesday, January 14, 2009The Spanish property market isn’t particularly conducive to moving right now, but it is to improving. With plenty of tradesmen twiddling their thumbs you can drive a hard bargain, take advantage of the downturn, do some serious renovations and reap the rewards when the market picks up. And what better project to tackle than a 300-year old bakery in the Andalucian village of Medina Sidonia? Beats ... more |
Lahore: Masjid Chowk constructionTuesday, January 13, 2009LAHORE: Residents of the Defence Housing Authority (DHA) have been faced with regular traffic jams caused by the delay in the Masjid Chowk development project, especially during Ramazan rush hours, Daily Times has learnt. The DHA authorities had earlier announced the installation of a new traffic signal on the chowk, along with an underground walkway and an expansion of the main road and th ... more |
Main Issue Is Whether People Still Want To Buy PropertyTuesday, January 13, 2009While 2009 has been dubbed the year of the end-user in Dubai, some experts say the main issue for buyers will be whether they can buy or whether they want to buy. House prices in Dubai have dropped eight per cent between October and December, according to the fourth quarter House Price Index (HPI) 2008 issued by Colliers. The price drop relates to freehold residential properties, including apart ... more |
KARACHI: Low-cost housing schemes attract public interestTuesday, January 13, 2009KARACHI: The low-cost housing schemes by private builders announced in great numbers all over the country have witnessed extraordinary public interest which has led to price hikes in properties in some cities and over subscription of projects in others. According to real estate insiders, many more housing projects are in the books of both top and small developers of Pakistan and would be la ... more |
Superior development in glorious TurkeyFriday, January 09, 2009Nirvana International, specialists in selling homes in Turkey, are proud to announce the marketing of a luxury development of style and sophistication set on a stunning verdant green hillside yet within easy reach of popular Kalkan resort. “These properties are simply exceptional as is the whole complex”, says Robert Nixon, Director at Nirvana International. “We have front line villas avail ... more |
Rawalpindi: CM approves development of five healthcare facilitiesFriday, January 09, 2009Rawalpindi: Approval of at least five mega projects in health sector for Rawalpindi might resolve a number of problems being faced by residents of the city. “Punjab Chief Minister Mian Shahbaz Sharif in a meeting with MNAs and MPAs of Rawalpindi Tuesday has approved construction of a campus for Rawalpindi Medical College, a separate Cardiac Institute and a separate Urology Institute along w ... more |
Karachi: Two universities likely to be charteredFriday, January 09, 2009KARACHI: The Sindh government is expected to grant a charter to two new private universities in the next few months, while the process for regularizing another two universities has been initiated. “The provincial government has completed the process of granting a charter to two institutions and a draft regarding the matter is in the final stages of approval,” said a Government of Sindh Char ... more |
DIP Unveils Luxury Sunset MallTuesday, January 06, 2009Dubai Investment Properties (DIP), the leading real estate developers in UAE, has launched its exclusive multi-million ‘Sunset’ mixed-use development project in Dubai. Speaking to Khaleej Times Ani Vladi, Marketing Manager of Dubai Investment Properties, said: The Sunset mixed-use development is scheduled for completion in the first quarter of 2009, however, the residential quarters might take a ... more |
Lahore: LDA razes encroachments in GulbergMonday, January 05, 2009THE staff of the Lahore Development Authority (LDA) demolished as many as 15 illegally built shops on Sunday. These had been constructed in the unlawfully dug up basement in the front house line of Khan Arcade, Firdous Market and Gulberg. According to a press statement, these shops had been constructed in contravention of building regulations of LDA and building plan were not approved ... more |
