INNOVATIVE APP FOR REAL ESTATE AGENTS

PR  KARACHI, February 22, 2017: Real estate agents need to be able to manage their listings reliably, fluidly, and on the move; especially since real estate is moving online. The new version of property portal Lamudi’s app brings real estate agents an efficient and highly functional way of listing and …

Pakistan’s real estate sector hits the brakes

By Uzma Nawaz The real estate sector in Pakistan is unfolding some interesting scenarios. Over the past two years, starting from June 2014, the market saw a bullish trend with tremendous growth across all segments including residential, commercial and agricultural land. There has been an almost 80 to 120 per …

Dubai market attracts overseas Pakistanis

WHT on banking transactions Lahore: Dubai property market has become a major investment destination for oversees Pakistanis, particularly after the imposition of withholding tax on banking transactions and new property evaluation system introduced in the last federal budget 2016-17. Real estate market agents have said they thought the UAE property …

FBR, realtors clinch property valuation deal

ISLAMABAD: The Federal Board of Revenue (FBR) and realty stakeholders on Saturday agreed on new valuation tables — for the purposes of taxation — of property prices in major cities of the country. Both sides also agreed on new tax rates, and the FBR accepted suggestions on the process of …

CM approves Lahore Ring Road Southern Loop

Chief Minister Shahbaz Sharif presided over a meeting of Lahore Ring Road Council, here on Friday, which approved Lahore Ring Road Southern Loop Phase-III.  Addressing the meeting, Shahbaz Sharif said that work should immediately be started on Southern Loop Phase-I and Phase-II and be completed within stipulated period. He said …

RDA decides action against illegal housing schemes on Adiala Road

Rawalpindi – Rawalpindi Development Authority has decided to take action against illegal housing schemes/farm houses on Adiala Road which are operating without obtaining formal approval from the RDA. The director metropolitan planning and traffic engineering (MP&TE) directed owners of Ideal Farm Houses, Safari Green Farms and Gulshan-e-Farzand Housing Scheme to …

Pakistan real estate sector fares well during Q1-16

Lahore: The calendar year 2016 kicked off on the right note, with Pakistan’s real estate sector adhering largely to positive trends. Nearly all major localities showed growth during the first quarter (Q1) of the year and the drops that were observed were few and far between. Property rates in Punjab’s …

RDA declares three mega housing projects illegal

The Rawalpindi Development Authority (RDA) has declared three mega housing projects located at main Adiala Road on the basis of violation of concerned laws by selling plots without permission from the authority. Sources told that these three housing projects include Ideal Farm Houses, Islamabad Farm Houses and Safari Homes and …

MAJOR WORK ON ZONE-5 HOUSING SCHEME COMPLETED

Associated Press of Pakistan The National Assembly on Monday was informed that most of the development work on housing scheme in Zone-V Islamabad had been completed. Answering a question, Parliamentary Secretary for Overseas Pakistanis and Human Resource Development Shafqat Hayat Baloch said the housing scheme spread over an area of 5000 kanals