SBP allows housing loan on personal guarantee KARACHI: In order to make it easier for banks to extend the financing of low-cost housing, the State Bank of Pakistan (SBP) has allowed banks to accept a personal guarantee from a third party to finance low-cost housing to cover the risks of the mortgage. The news reported on Tuesday, February, 16, 2021 Currently, applicants face...
'The developers of illegal companies will be penalized’ LAHORE: Punjab Minister of Law and Cooperatives Raja Basharat said those who have developed illegal housing companies across the province will face punishment and directive from Prime Minister Imran Khan as savings protection would be guaranteed to the poor. He said this on Tuesday while chairing a meeting of the National Coordination Committee...
Want to buy a house this year? It’s a big step, requiring planning ahead and plenty of financial preparation. Therefore, here are 7 New Year’s resolutions that can prepare you to find that perfect home and make your move! The New Year is often a time to hit the reset button and start fresh. It is an excellent opportunity to start reaching towards an ongoing goal you have. If buying a home has been an...
PAKISTAN FIRST EVER DRONE POLICY Prime Minister (PM) Imran Khan on Tuesday (22.DEC.2020) ordered the formulation of Pakistan’s own first ever drone policy. Following a media briefing, the decision came from Federal Minister for Science and Technology Chaudhry Fawad Hussain on the use of drones in various fields. The PM noted that drones could be used to fulfill the tasks not only in agriculture,...
MODEL GREEN BELT INITIATIVE Pakistan and China agreed to turn the China-Pakistan Economic Corridor (CPEC) into a green belt and a road initiative model. This step was taken to protect and preserve the natural environment in the region. So, it was decided during a meeting held on Monday (14.dec.2020). The meeting was held between Special Assistant to the Prime Minister on Climate Change Malik Amin...
Commissioner retired Capt Mohammad Mahmood said that the Punjab Environment Protection Agency (EPA) had given clearance to the Rawalpindi Ring Road project. He was presiding over a review meeting of the Rawalpindi Ring Road project at the Commissioner’s Office. The meeting was also attended by Finance and Planning Director Nazia Parveen Sudhan, Rawalpindi Development Authority Director General...
The Capital Development Authority (CDA) has completed work on repairing, restoration, and decoration of more than 50 parks in different sectors of the metropolitan. Portable washrooms are installed in the parks by the management. CDA has issued tenders for the uplifting of Srinagar Highway and Landscape of Golra Interchange. According to details, CDA's work for repairing, restoration, and...
TABLE OF CONTENTS WHAT IS REAL ESTATE? WHAT IS COMMERCIAL REAL ESTATE? ADVANTAGES OF INVESTING IN CRE THINGS TO CONSIDER BEFORE INVESTING IN COMMERCIAL REAL ESTATE TYPES OF COMMERCIAL PROPERTY INTRODUCTION Do you currently have commercial real estate assets in your investment portfolio? While the stock market continues to show significant volatility, and less risky asset classes...
CONSTRUCTION AND MANUFACTURING RECOVERY The Asian Development Bank (ADB) has said Pakistan’s economy is recovering, even as a second wave of the Coronavirus has affected businesses. ADB said that economic activity in South Asia has started to normalize from the third quarter. And Pakistan’s economy is recovering, particularly in manufacturing and construction. Despite the persistent spread of...
DEVELOPMENT PROJECTS FOR RAJA BAZAAR Chairman Rawalpindi Development Authority (RDA) Tariq Mehmood Murtaza on Monday (7.11.2020) chaired a committee meeting on urban projects for the historic centre Raja Bazaar. The main plans are to highlight Rawalpindi’s heritage, improve living conditions in Raja Bazaar and traffic system, increase tourism, urban regeneration in Sarafa and Bhabra Bazaars. It also...
MARGHAZAR ZOO Marghazar Zoo Islamaabd will be transformed into a conservation center. Islamabad Zoo previously Marghazar Zoo Islamabad, is an 82-acre zoo in Islamabad Capital Territory. It was opened in 1978 and remained under the administration of Capital Development Authority of Pakistan. In May 2020 the High Court ruled to transfer management of the park to the Islamabad Wildlife Management Board....
1. SUSTAINABLE REAL ESTATE Sustainable/ GREEN real estate development has carved out its niche in recent years. Those who have adopted the trend are already reaping the rewards. It's worth noting, however, it's not too late to jump on the bandwagon. "Green" real estate development project is otherwise known as "greenhabbing, With climate change, income inequality, and social justice, real estate...
1. INTRODUCTION Eighteen is a premium real estate project that aims to become the epitome of luxury living in Islamabad. The Eighteen Islamabad is a masterpiece in the making. It is a new housing society introduced in Islamabad by Ora Developers, Saif Group, and Kohistan Builders & Developers. The vision of this innovative project is to present the latest international standard of living in...
TABLE OF CONTENTS INTRODUCTION WHAT IS A FARM HOUSE WHY TO INVEST IN A FARM HOUSE WHAT TO KNOW BEFORE INVESTING IN A FARM HOUSE FARM HOUSES IN TWIN CITIES FARM HOUSES ON CHAKRI ROAD LOCATION OF CHAKRI ROAD ABOUT RING ROAD RAWALPINDI LOCATION OF RING ROAD SOCIETIES THAT WILL GET BENEFIT FROM RINGROAD FARM HOUSES IN RUDN ENCLAVE CONCLUSION 1. INTRODUCTION Looking...
PARKS TO BE INAUGURATED IN GILGIT BALTISTAN Prime Minister Imran Khan will inaugurate the two highest national parks in Gilgit-Baltistan during his visit today; 2.12.2020 (Wednesday). According to local media, PM will inaugurate the Nangan Parbat National Park and Himalayan National Parks. PROTECTED AREAS INITIATIVE These national parks are being inaugurated under the project, PROTECTED...
TABLE OF CONTENTS Introduction Developers and designers Location Master plan Legal status Development update Facilities and amenities Conclusion INTRODUCTION This article provides a complete overview of rudn enclave and everything you need to know about it. Everyone in their life looks up and struggles for a better lifestyle at the ideal location. They...