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  • Real estate trumps water in Islamabad

    Haider lives in the G10 residential district of Pakistan’s capital city of Islamabad — and like many households in the city, his only gets water from the mains three to four hours a day...

    Ahmed Ali, a resident of Gawalmandi in Islamabad’s twin city Rawalpindi — around 13 kilometres south of Islamabad’s centre — faces similar problems...

  • ICCI for rationalising taxes on real estate

    ISLAMABAD: The Islamabad Chamber of Commerce and Industry (ICCI) on Tuesday urged the government to rationalise taxes on real estate sector that will help in boosting the economy...

    Addressing a delegation of Islamabad Real Estate Agents Association, ICCI president Muzzamil Hussain Sabri said the government should give preferential treatment to real estate sector which has the potential to speed up the growth of economy...

  • Real estate indices for equal risk sharing

    Late last month, the issue came under the spotlight at a workshop on ‘application of real estate indices in Islamic financial institutions’ organised by the Centre for Excellence in Islamic Finance, IBA in Karachi...

    The workshop was conducted by Dr Sheharyar Bokhari, a PhD in real estate and urban studies and a researcher at MIT Centre for Real Estate...

  • Success eludes NA panel probing $8bn investment by Pakistanis in UAE real estate

    ISLAMABAD: A parliamentary panel probing around $8 billion investments in real estate by Pakistanis in Dubai has witnessed deadlock leading to serious arguments among its members amid lack of cooperation by government departments...

    The sub-committee was set up after Mr Umar pointed out that the Dubai Land Authority had issued a press statement highlighting that in the past four years Pakistanis had invested around $8bn in the real...

  • Retail investors’ access to real estate business

    Pakistan's first real estate investment trust’s initial public offering by the Arif Habib Group in partnership with the Dolmen Group is expected to bring the so far capital-intensive real estate investments within the reach of retail investors...

    These investments would be highly liquid, as the shares of the REIT would be traded on the Karachi Stock Exchange The investors would expect to get not only decent dividends, based on rental...

  • WeWork co-working spaces disrupt office and real estate market

    WeWork, with a whopping valuation by investors of $20 billion, has taken the lead in the co-working space and in the process is disrupting the office and real estate market...

    “They don't want to be a real estate company because real estate's old and boring, whereas they want to be new and hip,” King said...

  • Once red-hot, UK real estate investments run into trouble

    LONDON: Commercial real estate has hit the headlines this week, a victim of the recent Brexit vote which has left over $20 billion trapped in funds that not long ago promised investors a slice of London’s red-hot property market Money placed in real estate vehicles managed by big asset management firms such as Standard Life and Henderson may have yielded strong returns during the boom years, but with the pound in freefall and Britain headed...

  • Three arrested for real estate ‘fraud’

    LAHORE: The National Accountability Bureau has arrested three people for “fraudulently” acquiring and selling more than 70 plots of different measurements in Jauhar Town, Lahore...

    A NAB Lahore spokesman told Dawn it had arrested two brothers - Malik Arshad and Malik Akram - for illegally acquiring 76 plots in connivance with their accomplice Malik Kalu Khan in Jauhar Town area
  • Logic of the real estate business

    AGRICULTURAL research — essential for food security — will receive a setback due to Islamabad’s development authority’s decision to convert 1,250 acres of land, which is being used for such research, into a housing scheme...

    The Capital Development Authority (CDA) has decided not to extend the lease to the National Agricultural Research Centre (Narc), which was established in 1984 at Chakshahzad in Islamabad...

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