Jul 082017
 

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 welcome address by the DHA director (Special Projects).

In his speech, DHA Administrator Brig Zafar Yasin Babar said that the DHA Lahore had been expanded from 34,000 kanals to 300,000 kanals which in turn had boosted the business activities. “The Business Hub is a virtual one-start-shop for local and foreign businesses and entrepreneurs. It is a milestone, which the DHA has achieved to facilitate its residents and the general public to provide them with the golden investment opportunities.”

He added, “Realising the remarkable expansion of the community, business standards of the 21st century and DHA’s commitment and passion; the project of Business Hub at Commercial Broadway (Phase-8) was planned to meet the requirements of modern business culture, environment and ethics and to add towards ambiance and stunning architecture.”

“Planned at the prime location of Commercial Broadway, the DHA’s owned Business Hub is envisaged to provide modern and luxurious facilities to our business community, which include penthouse offices with designated lifts, corporate offices and office workspaces of varying sizes and layout, grand entrance and reception lobbies, business lounge, combined lounges with perfect corporate environment for business meetings, corporate meeting rooms, video conferencing rooms, gaming zones, gym and cigar lounges, rooftop garden, complete wooden deck rooftop, sky lounge, open roof cafeteria and a car parking of approximately 300 cars. He went on to say, “To conceive and implement the project, we have selected renowned consultant Amad Anwar and Partners for designing the iconic project, and Kingcrete Builders for its construction.” The DHA Lahore, he said, had started many projects of international standard. He remarked that he was engrained by the wonderful efforts of the DHA Special Projects branch in achieving and maintaining high standards of construction and business development projects.

A large number of dignitaries, heads of multinational enterprises, renowned business firms, DHA residents, real estate developers and dealers, and officials of Amad Anwar and Partners, Kingcrete Builders and senior officers of DHA Lahore attended the ceremony.

Daily Times

 Posted by at 11:14 pm
May 252017
 

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 Group Sub Committee, Afzaal Bhatti informed in this regard that Committee formulated by Chief Minister Punjab is minutely reviewing the laws pertaining to land and property and would recommend necessary amendments in Land Revenue Act, Illegal Dispossession Act and other relevant laws. He further said that Sub Committee includes the representatives of Board of Revenue, OPC, LDA, Laws & Parliamentary Affairs, Police, Local Government, Excise and Taxation, Housing, Auqaf, Irrigation and Forest departments.
Afzaal Bhatti said that purpose of the Sub Committee is to submit proposal to effectively deal with land mafia and to award exemplary punishment to them.
He said that by enforcement of existing laws and making necessary amendments, issues of illegal possession, encroachment and trespassing would be solved and effective steps can be taken to deal with qabza mafia and land grabbers. This is yet another step of Punjab Government to facilitate Overseas Pakistanis by providing them prompt, speedy and effective legal support for the redressal of their land related issues, concluded Commissioner OPC.

Courtesy: Pakistan Observer

 Posted by at 10:45 pm
Mar 312017
 

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 remained Gujranwala, as a lot of development is underway in the city and majority of the emerging societies do not come under the tax-net due to lower prices.

Zameen.com CEO Zeeshan Ali Khan said Gwadar is an up and coming market and it has a lot of potential to offer some high returns.“I don’t find it surprising that investors are diverting their attention from Karachi to Gwadar, especially given the highly affordable prices in Gwadar projects at the moment,” Khan said. Continue reading »

 Posted by at 9:44 pm
Feb 222017
 

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 selling properties.

An app for real estate agents in emerging markets

A typical day in the life of an agent is fast-paced, whatever country you’re in, and real estate is moving exceptionally fast in emerging markets such as Pakistan, Bangladesh, Sri Lanka, and the Philippines. Lamudi, a global property portal, has launched an enhanced app which responds to the rapidly changing face of real estate. More than ever, house hunters are going online to find property rather than looking for paper listings. Saad Arshed, managing director of Lamudi, notes that “an increasing number of house-hunters in the emerging markets are heading online to search for and to buy property. Real estate agents have to adapt to a rapidly changing environment to meet customer demands, and to provide the best customer experience possible.”

The rise of the smartphone

In many emerging and frontier markets, such as Sri Lanka, new Internet users are skipping the PC and heading straight to the smartphone with its plethora of apps and social media outlets. GfK reported in June that Pakistan is now the 6th smartphone market in the world for growth. The more accessible entry price point for smartphone is having a big impact. Daraz.pk recorded a 50% drop in price over a two-year period; the average price dropping from PKR 61,000 to PKR 30,000. And the average number of smartphone sales has jumped by over 780% in the year to January 2016.

Lamudi’s app responds to this change by giving sellers and agents access to the millions of house hunters actively seeking a home.

How does the Lamudi app work?

From uploading new properties and managing inventories, to receiving client messages and performing advanced analysis, agents can take care of everything at the tap of a finger thanks to the application. The app’s top priority is to help agents to showcase their business in the most impressive way possible, all with the aid of modern innovation. Through creating a detailed profile and a thorough description of their services, agents can demonstrate their reliable and transparent services and gain the trust of potential clients. Clients can see photos of each property, complete contact details, and precise information about each service.

Attractive layout for property services

The app’s design is important, especially for clients, who value not only usability but also a clean and attractive design. This makes using the app a more pleasant experience. Recent updates include the integration of a progress bar on the “Manage Properties” tab. Agents can now preview their properties as they go along and monitor the speed of uploads when they add new information or new images. In addition, it is now possible to add breaks in property descriptions, making the layout of each property description more visually appealing to house hunters.

Listings are visible to investors on a global scale

The world of real estate is constantly being transformed by technology, and the internet has played a large part in the globalization of real estate investment. Presenting properties on Lamudi’s international platform opens up agents’ listings to investors from all over the world. When listing properties, agents can now add a currency code for currencies with the same symbols. Each property’s price can show up both in USD and in PKR; whatever suits the agent’s target market best.

Through innovation and global expertise, Lamudi offers agents and house hunters flexibility and a wealth of enhanced features. Selling and renting has never been easier, and the engineers at this platform are always striving to go further.

ABOUT LAMUDI
Launched in 2013, Lamudi is a global property portal focusing exclusively on emerging markets. The fast-growing platform is currently available in 13 countries in Asia, the Middle East and Latin America, with close to a million real estate listings across its global network. The leading real estate marketplace offers sellers, buyers, landlords and renters a secure and easy-to-use platform to find or list properties online.

Aliza.razvi@lamudi.pk

Visit Lamudi on Facebook, Twitter, and LinkedIn

 Posted by at 1:02 pm
Dec 072016
 

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 cent growth in development of commercial projects including shopping malls, purpose-built office spaces and specific industrial zones across the country. The commercial setups based on shopping malls provide investment opportunities to non-business community as well as to purchase the shops and yield maximum profits in the shape of guaranteed rental income. Continue reading »

Sep 202016
 

Total length of ring road southern loop is 22.4 KM dual carriageway having six interchanges and eighteen bridges.It will be completed in August 2016. Main beneficiaries of ring road are DHA Phase-9, DHA Rahber, Lake City, Khyaban-i-Amin, Valencia and Fazaya housing schemes. For overseas Pakistanis, Lake City is the best place to live in this area. Average price of 500 square yards plot is around 10 million rupees at present. Since the construction have already started in this area, prices are likely to rise sharply after the completion of Ring Road.

ringroad-lahore-southern

Aug 122016
 

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 market was costlier than that of Pakistan, but its high rental profit yield is attracting Pakistan’s undocumented real estate sector which has been perturbed by the complicated and double taxation based system in Pakistan. Continue reading »

 Posted by at 11:25 pm
Jul 312016
 

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 property valuation that were given by the stakeholders.

The decisions were taken in a meeting between government officials and industry stakeholders, chaired by Finance Minister Ishaq Dar.

The task of determining a property’s fair market price will now be carried out by the FBR. Earlier, the task was given to professional valuators approved by the State Bank of Pakistan (SBP).

Saturday’s meeting also approved the upward revision of the valuation table for property prices in 18 major cities. Continue reading »

 Posted by at 7:09 pm