DHA Lahore Business Hub

An impressive yet simple groundbreaking ceremony of the Defence Housing Authority (DHA) Business Hub was held on Friday at DHA Phase 8. DHA Administrator Lahore Brig (r) Zafar Yaseen Babar graced the occasion as the chief guest. The ceremony commenced with the recitation of the Holy Quran followed by a …

Legal mechanism in the offing to curb land mafia

In order to curb the menace of land grabbing and to devise a legal mechanism for the speedy restoration of properties in illegal possession, The Anti-Qabza Group Sub Committee has started preparing recommendations for effective and meaningful reforms in land related laws. Commissioner Overseas Pakistanis Commission (OPC) / Member Anti-Qabza …

Gwadar steals attention as real estate market fluctuates

By Shahram Haq Pakistan’s real estate market saw a fluctuating trend in February with some areas showing growth. According to statistics released by Zameen.com, a property portal, investor sentiments turned towards Gwadar, which is in the limelight due to the China-Pakistan Economic Corridor (CPEC) initiative. Another preference for realty investors …

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 …