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500SY newly Renovated House on Rent

NP marketing Offers a Beautiful Option for Multi National Companies, NGO’s for There offices or the Residential Purpose of Elite Class Families Details

NP marketing Offers a Beautiful Option for Multi National Companies, NGO’s for There offices or the Residential Purpose of Elite Class Families Details

Property prices fall by 8-15 per cent

KARACHI: Property prices, especially of vacant plots, have further declined by eight to 15 per cent during the last over two weeks as investors are still not ready to take risks in view of uncertain political and economic conditions. Real estate prices had plunged by 20 to 30 per cent in 2008 and these further came down by five to 15 per cent after Mumbai attacks and subsequent tension between the two countries. Estate agents attributed slow sale and purchases to reports regarding arrival of Talibans in Karachi.

Pakistan Railways to build 12 commercial complexes all across country

Pakistan Railways has decided to construct 12 commercial complexes in parts of the country to overcome Rs54 billion losses. Spokesperson Shagufta Ansari of Pakistan Railways told ‘The News’ here Saturday that Minister for Railways Ghulam Ahmed Bilour is serious to cover the losses of railways for which he has decided to build 12 commercial complexes in various cities including Rawalpindi, Lahore, Kot Lakhput, Karachi, Sukkur, Faisalabad, Sargodha, Multan, Peshawar and Khanewal. The complexes would have all kind of facilities like departmental stores, canteens, cafeterias, tuck shops, bookstalls and marketing centres like airports.

Residents of DHA, Clifton fear reverse discrimination by KESC

Karachi: Residents of Defence Housing Authority (DHA) and Clifton have claimed that any drive initiated by the Karachi Electric Supply Company (KESC) to increase revenues from their areas would not only prove counterproductive but also generate a hostile reaction from power consumers,

DHA-Clifton meeting reviews uplift projects

A meeting was held at the Defence Housing Authorityís (DHA) Main Office on Monday to review development projects for Katchi Abadis in the Cantonment Board Clifton (CBC) area.

Whole world now affected by property downturn

Nowhere in the world will escape the property downturn with prices falling across the globe and some markets now reaching the bottom, according to the latest figures. The Knight Frank Global House Price Index, shows that annual global house price growth, excluding Dubai, slowed further to 3.8% in the third quarter of the year, down from 4.8% in Q2. Dubai, a new entrant to the index continues to show growth but analysts point out that the recent downturn in the emirate is not yet showing in the published figures. Lithuania, Canada, the UK and Norway saw the biggest falls in Q3, with prices falling by around 5% in just three months.

Islamabad: Capital’s housing shortage becoming worse

ISLAMABAD: The shortage of houses has aggravated in the capital because new residential units have not been built for long. A, B, C and D type flats have been built for government employees in different residential sectors. Since the demand for residence is growing, the government employees to whom the flats have been allotted used to sublet one or two rooms as a matter of routine.