Build Asia to be held on Dec 24-26
KARACHI: Pakistan’s flagship event for real estate, construction, and allied sectors will be held on December 24-26 at the Karachi Expo Center. The three-day event will showcase the latest trends,…
PSX Introduces “Property” as a New Sector Classification
Karachi: Pakistan Stock Exchange (PSX) has formally launched a new sector, “Property”, for non-REIT real estate related listed companies. This addition takes PSX closer to a better and improved reflection…
Mega real estate scam: Bahria Town Karachi comes up with another scheme to fleece masses
KARACHI: Bahria Town Karachi (BTK) has come up with another scheme to mint even more money and avoid refunds to the allottees whose properties were cancelled i.e, never existed. The…
Swiss real estate company PPG assigned preliminary ‘B+’ rating; outlook positive
LONDON: The S&P Global Ratings has assigned preliminary ‘B+’ long-term issuer credit rating to Swiss-Based Real Estate Company Peach Property Group AG (PPG) and preliminary ‘BB-‘ issue rating to its…
Deyaar Development starts delivering properties in Midtown’s Afnan District
DUBAI, UAE: Deyaar Development has completed work on the Afnan District in its iconic Midtown, an award-winning project, and handing over of units will begin imminently. Deyaar Development is one…
CapitaLand aims to double assets under management in India to S$7.0 billion by 2024
BANGALORE: CapitaLand, one of Asia’s largest diversified real estate groups, plans to grow its assets under management (AUM) in the Group’s key market India, from the current S$3.3 billion to…
Investcorp European real estate assets hit €500mn following acquisition Airport Centre in Germany
BAHRAIN: Investcorp, a leading global provider and manager of alternative investment products, has completed the acquisition of Airport Centre, a multi-let office and light industrial property located in Hamburg, Germany…
CapitaLand announces key executive appointments to drive next phase of growth as Asia’s leading diversified real estate group
SINGAPORE: CapitaLand Limited announced several key executive appointments to drive its next phase of growth. With the fulfillment of all conditions precedent, the Group is on track to complete its…
Deyaar Development posts net profit of AED 18.3 million for Q1 2019
DUBAI, UAE: Deyaar Development (Deyaar), one of Dubai’s leading property developers and real estate service providers, announced its financial results for Q1 2019, ended 31 March 2019, reporting revenues of…
PS Business Parks added to the S&P MidCap 400 Index
GLENDALE–(BUSINESS WIRE)–PS Business Parks, Inc. has announced that it will be added to the S&P MidCap 400. The Company will be removed from its current membership in the S&P SmallCap…
Matthew Roberts appointed as Chief Executive of intu Properties Plc
LONDON: intu Properties Plc, the largest owner and manager of prime shopping centres in the UK, announced the appointment of Matthew Roberts as Chief Executive with effect from Monday 29…
CapitaLand marks Earth Hour with record e-waste collection in Singapore
SINGAPORE: CapitaLand is marking Earth Hour 2019 with a new e-waste or electronic waste collection record. Leveraging its vast network of office buildings and shopping malls in Singapore, CapitaLand has…
Pakistan’s real estate/construction sector perturbed over fresh revision in plots’ values
KARACHI: The real estate sector has criticized the recent upward revision in the plots’ values by the Federal Board of Revenue (FBR) saying the decision was taken without taking the…
Tapping tax potential: Finance Minister asks FBR to complete property valuation exercise
KARACHI: Finance Minister Asad Umar has directed Federal Board of Revenue (FBR) to complete the exercise of valuation of property to address the anomaly of difference between fair market value…
Supreme Court lifts ban on high rise buildings in Karachi
KARACHI: The Supreme Court of Pakistan has removed the ban on high-rise buildings in Karachi, Chief Association of Builders and Developers (ABAD) Hasan Bukshi said. The decision was announced at…
FBR forms dedicated Directorate General for real estate sector
KARACHI: The Revenue Division has formed a new Inland Revenue field for information namely Directorate General Immoveable Properties (IMP) to act as Federal Board of Revenue (FBR)’s specialized agency on…
After shocks of construction ban Steel re-rolling mills in Sindh, Balochistan closed
KARACHI: The ban on construction of high-rise and other buildings has started taking toll as all steel re-rolling mills in Sindh and Balochistan have been closed for indefinite period for…
FBR to notify property value throughout the country, says Ishaq Dar
KARACHI: The Federal Board of Revenue (FBR) has been authorized to notify the valuations of the properties throughout the country including Karachi, Lahore and Islamabad, said Ishaq Dar, Federal Finance…
Campaign against money laundering; Another exhibition of UAE based real estate developer raided
KARACHI: The Intelligence & Investigation-Inland Revenue (I&I-IR) has raided another exhibition organized by a real estate company of Dubai, NSHAMA at PC Hotel Karachi. NSHAMA is a leading builder of…
UAE groups’ real estate exhibition raided; records of locals making investments seized
KARACHI: The Intelligence & Investigation of Inland Revenue Service raided a five-star hotel in Karachi and seized all the records pertaining to the movement of black money through informal channels…