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.

Residential Real Estate Properties in Lahore,Karachi and Islamabad

Residential Real Estate Properties

Property Title	Price	City	Type	Status	Date
25*60 House Available Rent Islamabad Sector G-11	60000	Islamabad	Houses	For Rent	10-02-2009
40*80 Main Double Road Portion Available on Rent	35000	Islamabad	Houses	For Rent	10-02-2009
Home For Rent Main Muree Bhurbun	5000	Murree	Houses	For Rent	10-02-2009
Single Bed House for Sale Azam Town, Abbottabad	200000	Abottabad	Houses	For Sale	10-02-2009
20 Rooms House for Sale University Road,Sargodha	12500000	Sargodha	Houses	For Sale	10-02-2009
New Double Unit House for Sale Sargodha	6500000	Sargodha	Houses	For Sale	10-02-2009
10 Marla plot for sale in Bahria Town	2400000	Lahore	Plots	For Sale	10-02-2009
16 Marla plot for sale in Valencia Society Lahore	3800000	Lahore	Plots	For Sale	10-02-2009
2 Kanal plot for sale in Park View DHA Phase 8	16500000	Lahore	Plots	For Sale	10-02-2009
10 Marla Plot for sale in Central Park Lahore	850000	Lahore	Plots	For Sale	10-02-2009
1 Kanal Plot Sale Khyber block Chinar Bagh Lahore	1000000	Lahore	Plots	For Sale	10-02-2009
5 Marla plot in DHA Rahbar Sector Lahore	850000	Lahore	Plots	For Sale	10-02-2009
1 Kanal plot for sale in Sui Gas Phase 2 Lahore	1200000	Lahore	Plots	For Sale	10-02-2009
10 Marla plot for sale in Eden City Lahore	3500000	Lahore	Plots	For Sale	10-02-2009
1 kanal Plot for Sale in Paragon City Mounds block	2700000	Lahore	Plots	For Sale	10-02-2009
1 Kanal Plot for Sale in State Life Phase2 Lahore	1000000	Lahore	Plots	For Sale	10-02-2009
5 Marla Plot for Sale in State Life Phase1 Lahore	1550000	Lahore	Plots	For Sale	10-02-2009
10 Marla Plot Sale Air Avenue DHA Phase8 Lahore	3600000	Lahore	Plots	For Sale	10-02-2009
DHA Phase 8 (1 Kanal)file For sale Defence Lahore	3560000	Lahore	Others	For Sale	10-02-2009
DHA Phase 9 & 10 file For Sale DHA Lahore	1445000	Lahore	Others	For Sale	10-02-2009
1 Kanal plot for sale in DHA Phase 7 Lahore	3200000	Lahore	Plots	For Sale	10-02-2009
1 Kanal Plot For Sale in DHA Phase 6	4500000	Lahore	Plots	For Sale	10-02-2009
1 Kanal plot for sale in DHA Phase 6	4500000	Lahore	Plots	For Sale	10-02-2009
1 Kanal Plot for Sale in DHa Phase 5 Lahore	6700000	Lahore	Plots	For Sale	10-02-2009
Plot for Sale in Wapda Town Sargodha	165000	Sargodha	Plots	For Sale	09-02-2009

For Further Details Please Visit http://www.pakistanhousing.pk

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.

CDA buckles up to launch the project

The Capital Development Authority (CDA) is preparing to start the Kashmir Expressway project by the end of February or early March 2009 converting the existing dual carriageway into a five-lane ‘expressway’ at a cost of Rs2.192 billion.