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Land occupied by army for another cantonment in Karachi

Wednesday, September 29, 2010
Karachi: Hundreds of acres of land has been occupied by the Pakistan Army for developing a new cantonment area in Karachi, it was stated in the Sindh Assembly on Tuesday. Pakistan People’s Party (PPP)’s member of provincial assembly (MPA) Nadeem Ahmed Bhutto said hundreds of acres land belonging to 123 villages of Keamari and Baldia towns, the Board of Revenue and the Lyari Development Auth ... more

Developers in India justify price increases as wages rise and demand remains strong

Tuesday, September 28, 2010
Developers in parts of India are pushing up property prices to try to cash in on a pick up in the economy, it is claimed. In Bangalore, for example, builders have increased prices by around 15% as they think that rising salaries, particularly in the IT sectors, means people can afford to pay more. They also point out that prices are still well below their peaks in 2007. Developers DLF, ... more

Outlook for real estate markets in Latin America bright and positive, new report suggests

Friday, September 24, 2010
Sustainable economic growth in Latin America is making it an increasingly attractive prospect for real estate investment, according to consultants. The region is leading global economic growth in a V-shaped recovery, according to consultants Jones Lang LaSalle. Pedro Azcue, chief executive of Jones Lang LaSalle Latin America, told a real estate conference in Chicago the region is on the cu ... more

CDA encourages private sector to develop capital

Friday, September 24, 2010
Islamabad: Capital Development Authority (CDA) is taking steps to encourage private sector to invest in different housing and recreational projects, said CDA Chairman Imtiaz Inayat Elahi. Talking to a delegation of a Chinese construction company here at the CDA headquarters on Thursday, he said prospects for investment in housing, construction of roads and development of recreational facili ... more

Nervous Chinese real estate market differs over introduction of further cooling measures

Wednesday, September 22, 2010
China is getting ready to introduce property tax measures to cool its real estate market and they could come as early as next month, it is claimed. The new tax, which will apply to residential and commercial property, had been expected for next year but now officials are indicating it could come earlier. It is due to concern about rising property prices which increased by 9.3% in 70 ma ... more

Property prices slowing in New Zealand with recent earthquake expected to skew future figures

Tuesday, September 21, 2010
Residential property prices in New Zealand are continuing to fall with the latest figures showing they increased just 0.3% in August. It means that in the three months to August prices measured by the Real Estate Institute of NZ (REINZ) have fallen by 1.2% but they have increased slightly by 0.9% compared to August last year. Real estate prices in New Zealand are now 5.3% below their ... more

Gibraltar pushes for World Trade Centre status to meet growing quality office space demand

Monday, September 20, 2010
A planned World Trade Centre in Gibraltar is set to help bring global recognition for the jurisdiction and ensure sufficient top quality office space is available to meet growing demand, it is claimed. The WTC is likely to attract commercial property tenants who already have offices in Gibraltar and also firms that are looking to locate to the area as it will offer quality office space, acc ... more

Confidence and economic optimism in Turkey set to boost the real estate market, it is claimed

Thursday, September 16, 2010
Construction is leading the way to economic recovery in Turkey which in turn is set to boost real estate activity, according to experts. The latest figures from the Turkish Statistics Institute shows that the Turkish economy saw GDP growth of 10.3% in the second quarter of the year, making it the world’s third fastest growing economy for the April June quarter, behind Singapore and Taiwan. ... more

LDA to issue new ownership documents next week

Wednesday, September 15, 2010
Lahore: The Lahore Development Authority (LDA) has finalised all arrangements for the issuance of security featured transfer documents from next week to purchasers of plots and houses situated in its housing schemes. According to a press note issued by the LDA, incidents of forgery, instances of sale of plots on fake transfer letters as well as claims of ownership by more than one claimant ... more
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