Tuesday, September 29, 2009
Islamabad: Residents of smaller sectors of G-7, G-9, G-10, I-8, I-9 and I-10 of the federal capital are facing a lot of problems, as the authorities concerned seem least interested to fulfil their responsibilities related to cleanliness.
Residents alleged that the civic body is least bothered about ensuring the proper maintenance of parks. They said there is no place in the sector ... more
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Monday, September 28, 2009
Karachi: The ban imposed by the Sindh chief minister on lease and auction of land by the local bodies in the province has resulted in a loss of Rs 600 million to the City District Government Karachi (CDGK) as two of it major projects have hung midway.
The CDGK has already been going through a serious financial crunch due to depletion of Single Line Transfer Funds (SLTF). For the f ... more
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Monday, September 28, 2009
Abu Dhabi, Dubai, Cairo and Casablanca are in the best position in the Middle East and North Africa region to attract more long term capital to their real estate markets, according to a new report.
They are destined to perform the best out of 11 cities surveyed in the area by analysts at international property consultants Jones Lang LaSalle as they have the right combination of in ... more
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Friday, September 25, 2009
Karachi: With its proposed facilities, Manghopir Resort, if constructed within stipulated time and without any hurdles in terms of funding, is all set to become a model recreational zone in the country. However, there are some fears regarding the eviction of the locals, who have been inhabited the area for generations, including those associated with the famous shrine of Manghopir and its adj ... more
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Thursday, September 17, 2009
RAWAWALPINDI: Rawal Town Tehsil Municipal Administration (TMA) has kicked out land mafia from Chinar Park by carrying out a grand operation to demolish illegal structures built by them over public property. These structures spanned over seven kanals of land.
The operation was conducted on the special directives of Punjab Chief Minister Shahbaz Sharif, Rawalpindi Commissioner Zahid ... more
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Thursday, September 10, 2009
Lahore: THE City District Government, Lahore, has approved the plan for construction of 11-kilometre road from Chauburji to Multan Chungi, which also includes an underpass and an overhead bridge.
This was announced in a meeting chaired by Lahore Commissioner Khusro Pervez here on Wednesday.
The commissioner was informed that an underpass would be constructed at Morr Sa ... more
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Wednesday, September 09, 2009
The full extent of the commercial property market crisis in the US and its impact on banks and lending institutions has not yet been revealed, according to analysts.
The possible collapse of Capmark Financial Group is seen as the start of a new wave of real estate losses for banks, this one tied to business property, that could push the year’s tally of failures past 100, they are ... more
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Wednesday, September 09, 2009
Lahore: CHIEF Justice Khawaja Muhammad Sharif of the Lahore High Court (LHC) while disposing of writ petitions has directed the Ravi Town Administration to remove encroachments from Pakistan Cloth Market.
The chief justice on Tuesday also gave time to shop owners to remove debris by Eid ul Fitr. The petition was filed by Muhammad Sadiq, a resident of a locality adjoining to the Pa ... more
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Tuesday, September 08, 2009
Residential rental prices in the UK are stabilising as the number of accidental landlords declines due to an improvement in the property market, it is claimed.
The latest figures from the Royal Institution of Chartered Surveyors show that 6% more estate agents reported a rise in new instructions from landlords in the three months to the end of July, compared with 21% in the previo ... more
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Tuesday, September 08, 2009
Islamabad: The Administration of the Capital Development Authority (CDA) has started development works in Sector I-11 and I-12 after acquiring most of the land in these sectors.
According to sources, the construction work of Service Road North in Sector I-11 has been started. The sector was opened in 1991 and 2500 residential plots were allotted.
Sources further told t ... more
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Monday, September 07, 2009
The office property market in key business districts in India is experiencing an increase in confidence with banks and financial services companies buying but the IT and ITeS sectors are yet to enter the growth spree as they are still depressed by the global economic downturn, according to analysts.
Delhi and Mumbai are seeing the most growth. For example, the Bandra Kurla Complex ... more
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Friday, September 04, 2009
ISLAMABAD (September 04 2009): Transparency International Pakistan (TIP) has asked the Defence Housing Authority (DHA) to provide details of all contract agreements awarded from 2005-2009 as well as National Accountability Bureau's (NAB) evaluation, under Rule 47 of Public Access and Transparency.
The Public Procurement Regulatory Authority (PPRA) has written at least four letters ... more
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Thursday, September 03, 2009
The Conservative Party has reacted angrily to what they perceive as a misinterpretation of the content of the leaked letter from shadow communities secretary Caroline Spelman.
Bob Neill, the shadow minister for local government and planning, robustly defends the party’s proposed policy.
'I categorically deny that our proposed new plans will result in any delay in the p ... more
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Tuesday, September 01, 2009
The size of a flagship real estate project in Ajman is to be halved amid concerns that most investors have not made any payments for the last eight months.
There are now major doubts about the future of the $5.4 billion Awali City project with master developer Awali Real Estate Investments blaming the global economic crisis for the state of affairs.
Amal Amir, sales an ... more
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Tuesday, September 01, 2009
The Defence Housing Authority (DHA), in collaboration with the Bahria Town and Habib Rafique Limited (HRL), has launched a low-cost housing project ‘DHA Valley and DHA Valley Overseas Block’.
Balloting for the project was held at the DHA Valley Expressway Phase II Extension here on Monday. Addressing the gathering on the occasion, DHA Administrator Brigadier Javed Iqbal said that ... more
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