Rawalpindi Ring Road Complete, Awaits CM Inauguration
Rawalpindi Ring Road project completed after 25 years; CM Maryam Nawaz to inaugurate; Rs46.64 billion PC-I approved; main 38.6 km carpeted; Thalian Interchange delayed to 2026.
Category : Real Estate
Saudi Cabinet Approves Foreign Real Estate Ownership Rules
New regulations governing non-Saudi ownership of real estate in Saudi Arabia will boost business expansion and competitiveness, ministers said after Cabinet approval on June 23.
Rawajeh Group and Flow Partner for Branded Residential Communities
Rawajeh Group and Flow have signed a strategic partnership to develop and operate branded residential communities in Saudi Arabia, starting with Thara project, aligning with Vision 2030.
OSUS Real Estate Launches SR1bn Project in Masar Destination
OSUS Real Estate announces a SR1 billion ($267 million) residential project in Makkah's Masar Destination, featuring three towers with 690 units, in partnership with Umm Al-Qura and Al-Rajhi Capital.
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RDA Issues Show-Cause Notice to Veteran Enclave CEO
Rawalpindi Development Authority issued a show-cause notice to Veteran Enclave Limited CEO for illegal marketing and sale of plots in an unapproved housing scheme in Taxila, violating NOC requirements.
Alif Holdings Hosts Live Podcast on Real Estate Future
Alif Holdings organizes a live podcast with Punjab Minister Bilal Yaseen and journalist Mansoor Ali Khan to discuss housing policy, urban development, and investment in Pakistan's real estate sector.
SR450m Fashion District Planned in Riyadh by Sidra Capital
Sidra Capital and Four Directions sign MoU for SR450m Fashion District in Riyadh, a mixed-use hub blending luxury hotel, offices, retail, and events venue to boost creative economy.
US-Iran Deal Cuts Jet Fuel Costs, Airfares May Stay High
Airlines could save billions from lower jet fuel after US-Iran deal, but passengers may not see immediate fare relief as carriers rebuild margins amid limited capacity.
Abbottabad Interchange Reapproved, PM Shehbaz to Inaugurate
The Abbottabad Interchange project has been reapproved with PM Shehbaz Sharif expected to inaugurate it soon. Former minister Murtaza Javed Abbasi confirmed Rs600 million released, land cost up 800%.
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EIGHTEEN Opens New Sales Centre in Islamabad Blue Area
EIGHTEEN inaugurates a Sales Centre in New Blue Area, Islamabad, offering personalized consultations and investment guidance for its premier golf community.
Iranian Oil Tankers Pass US Blockade After Deal, Data Shows
At least three Iranian oil tankers have passed through the US naval blockade after a framework deal to reopen the Strait of Hormuz, with shipments expected to add to global supplies.
District Council Attock Lists 32 Fake Housing Societies
District Council Attock released a list of 32 fake and unregistered housing societies, warning citizens to avoid investment to prevent fraud and financial loss.
Halving Property Tax for Filers to Revive Real Estate
Pakistan halves property tax for filers to stimulate real estate, boost transparency, and incentivize formal economy integration.
Environmental Havoc from Unchecked Real Estate in Pakistan
Unchecked urbanization and real estate schemes in Pakistan have caused environmental degradation, displacement, and social issues, as highlighted by a reader from Lahore.
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Punjab govt seeks vacant property details from 12 bodies
The Punjab government has directed 12 institutions, including nine development authorities, to provide details of vacant, unused, and underutilised state properties to help achieve a Rs500 billion revenue target.
Pakistan Railways to auction 15 trains in June
Pakistan Railways expands privatisation, auctioning 15 passenger trains on June 16 to address financial crisis and operational losses.
LDA to Launch Digital Property System to Curb Real Estate Fraud
LDA announces a fully digital property transaction system from July 1, requiring a Property Certificate for all deals to eliminate fraud and file culture.
NAB real estate reforms to curb illegal practices, protect investors
NAB Chairman announces comprehensive reforms in real estate sector to eliminate illegal practices, protect investors, and promote ease of doing business. Key measures include regulated plot transfers, cashless transactions, and one-window facility.
Pakistan Real Estate: Transforming Dead Capital into Growth
Pakistan's real estate sector traps billions in untaxed cash. Learn how structural reforms can channel this capital into the formal economy.
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Pakistan, Saudi Partners Sign MoU for Karachi Maritime District
Pakistan signed an MoU with Saudi and local partners to develop a maritime business district on Karachi Port Trust land, aiming to boost investment and employment.
NAB, BoR Reclaim Rs433 Billion Land in Punjab Drive
NAB and Punjab BoR reclaimed 25,444 kanals of state land worth Rs433 billion, marking a major anti-encroachment success. Digital reforms and record recoveries highlighted.
Saudi Investors Eye Pakistan Motorway Projects
Saudi Pakistan Joint Business Council Chairman Prince Mansour has expressed strong interest in investing in Pakistan's motorway projects, particularly M6, M10, and M13.
One Homes Invests $35M in Luxury High-Rise in Lahore
UK-based developer One Homes unveils $35M luxury high-rise on Raiwind Road, following record-breaking One Canal Road project with PKR 1B penthouse.
Abu Dhabi Implements Immediate Rent Freeze on All Properties
Abu Dhabi freezes rents on all residential, commercial, and industrial properties to provide relief to tenants. The move is temporary and mirrors a COVID-era policy.
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LDA Seals 128 Properties in Lahore Crackdown
LDA sealed 128 properties in Lahore for illegal commercial use and fee defaults, including schools, restaurants, and shops in Gulberg, Johar Town, and other areas.
Hashoo Group, Mujahid Properties MoU for 16 Sina Project
Hashoo Group and Mujahid Properties sign MoU for the 16 Sina Project in New Blue Area, Islamabad. The 30-storey development will feature luxury apartments, offices, retail, and penthouses.
ICHS Officials Sent to Jail in Housing Corruption Probe
An accountability court in Pakistan sent officials of the ICHS to jail on judicial remand in a housing corruption investigation. The accused face charges of illegal allotment and misuse of authority.
NA Panel: Affordable Housing Must Serve Low-Income Families
A National Assembly panel emphasized that affordable housing finance must genuinely benefit deserving low-income families, ensuring transparency and accessibility.
Ten Degrees Cafe Alkhobar: Iced Coffee and Calm Retreat
Ten Degrees Cafe in Alkhobar offers a calm, spacious setting and affordable iced coffee under SR10. Desserts are overly sweet, but service is friendly.
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Pakistan Launches $1.15B Housing Push to Spur Growth
Pakistan unveils a multi-trillion-rupee housing scheme to build 500,000 homes over four years, aiming to boost jobs and economic growth amid a fragile recovery.
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