Monday, October 31, 2011
Abu Dhabi: Sorouh Real Estate's third quarter net profit increased to Dh83.6 million due to more handovers and higher rental income compared with Dh62.9 million for the corresponding period in 2010.
"Net profit for the nine-month period was Dh285 million compared to Dh215 million," said chief financial officer Richard Amos.
"Sorouh's third-quarter revenues more than double ... more
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Friday, October 28, 2011
The Capital Development Authority (CDA) seems to be dragging its feet on the construction of around 2.2-kilometre F-11 Service Road (West). Despite the formal launching of work on the project one month back, the only sign of development is the establishment of the solitary ‘Site Office’ with no signs of machinery in sight. The CDA itself is the execution agency of the project, but its concern ... more
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Thursday, October 27, 2011
Dubai: Emaar Properties PJSC, developer of the world's tallest tower Burj Khalifa, reported a net operating profit of Dh1.249 billion ($340 million) in the first nine months (January to September) of 2011.
Revenue for the first nine months this year reached Dh5.873 billion ($1.599 billion).
Third quarter (July to September) 2011 revenue stood at Dh1.859 billion ($506 milli ... more
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Wednesday, October 26, 2011
Finally the construction work on much anticipated flyover from Benazir Bhutto Hospital to Chandni Chowk on Murree Road has begun, as the government has released funds for the project. On the other hand the public is facing problems in traffic movement due to the construction work because they have no idea about any diversion plan and the authorities have failed to place any diversion signs ah ... more
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Tuesday, October 25, 2011
ISLAMABAD: The Government of Japan has decided to extend financial support of Rs 8.8 million to Kohsar Welfare Society (KWS) for the construction of seven kilometer concrete link road in village Lower Chalawara, Kotli Sattian, Rawalpindi District.
Japanese Ambassador Hiroshi OE and President of KWS Dr Muhammad Kabir signed an agreement in this regard, said a press release issued he ... more
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Monday, October 24, 2011
KARACHI: Various development works have been completed on ‘Hawks Bay scheme-42’, the biggest residential scheme in Asia built near coastal belt in the western part of the port city, said Director General (DG) Lyari Development Authority (LDA) Agha Maqsood Abbas on Sunday.
Talking to a delegation of allottees, he said that due to excellent plan and concerted efforts, various developm ... more
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Thursday, October 20, 2011
The Rawalpindi Cantonment Board (RCB) has completed 35% work on the third phase of Khanpur Dam water supply project. The project will be completed by November 2012 if there is no hindrance in allocation of funds, Rawalpindi Cantonment Board (RCB) Chief Executive Officer Rana Manzoor Ahmed said.
He stated this while talking to journalists here on Wednesday. He said that under the thi ... more
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Wednesday, October 19, 2011
ISLAMABAD: The Capital Development Authority (CDA) has decided to establish a new residential sector near ‘Park Enclave’ to reduce residential problems of low-income groups, said the CDA Chairman Imtiaz Inayat Elahi on Tuesday.
In order to reduce common men problems, the authority has decided to initiate housing projects in the capital city. He said that the sector plot size would b ... more
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Tuesday, October 18, 2011
ISLAMABAD: The Senate’s Functional Committee has called for early completion of the developmental work in sector I-16 of the federal capital to enable the allotees to start construction of houses. Senator Kalsoom Perveen presided over the meeting of the committee at the Parliament House to review the implementation status of various assurances given on the floor of the house from time to time ... more
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Sunday, October 16, 2011
Abu Dhabi: Real estate development company Al Maabar has launched a new range of apartments in the Arts District of its Bab Al Bahr development in Rabat Sal, Morocco.
The first of the 390 apartments are scheduled to be completed in June 2012, Al Maabar said.
Surrounded by gardens and green spaces, the Arts District will host a variety of residential buildings, a five star ... more
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Wednesday, October 12, 2011
In order to solve the traffic problems around the Lea Market area with the construction of a flyover, Administrator Karachi Mohammad Hussain Syed has formed a five-member technical committee which would conduct a survey of the area and submit its report before Saturday.
This was decided at a high level meeting chaired by the Administrator Karachi in the Camp Office and was attended ... more
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Tuesday, October 11, 2011
Taking notice of a large number of public complaints the Capital Development Authority (CDA) has started a survey of barriers erected on various roads by diplomatic missions, private companies and schools in the name of security.The sources said that the most of barriers, in Diplomatic Enclave and posh sectors, have been installed without seeking permission from the civic body.
Dire ... more
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Thursday, October 06, 2011
KARACHI: A division bench of the Sindh High Court (SHC) on Wednesday has given a ruling that Karachi Building Control Authority (KBCA) and City District Government Karachi (CDGK) should take action against illegal constructions raised on leased plots or any encroachment on public property.
The bench, comprising Chief Justice Musheer Alam and Justice Syed Hasan Azhar Razvi, was heari ... more
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Wednesday, October 05, 2011
ISLAMABAD: The Supreme Court (SC) on Monday sought amended design of plots in Sector I-8 from Capital Development Authority’s (CDA) Land Planning Wing director general within two-day. A three-judges bench, comprising Justice Mian Shakirullah Jan, Justice Jawwad S Khawaja and Justice Khilji Arif Hussain, was hearing the matter of modeling and remodeling design of Sector G-13.
During ... more
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Tuesday, October 04, 2011
ISLAMABAD: The Supreme Court (SC) on Monday sought amended design of plots in Sector I-8 from Capital Development Authority’s (CDA) Land Planning Wing director general within two-day. A three-judges bench, comprising Justice Mian Shakirullah Jan, Justice Jawwad S Khawaja and Justice Khilji Arif Hussain, was hearing the matter of modeling and remodeling design of Sector G-13.
During ... more
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Monday, October 03, 2011
ISLAMABAD: Capital Development Authority (CDA) has focused its attention to making Islamabad a city of flowers and has laid multi-coloured flowerbeds on medians and roadsides. The authority has announced an allocation of Rs 800 million for environmental up-gradation of the Federal Capital and started a special project to plant maximum flowers at roadsides, medians and parks across the city. T ... more
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