Housing related news and discussions for overseas Pakistani friends

Archive - Jul 18, 2010

Date
Type

KARACHI: Revision in property valuation to hurt construction industry

Posted Sun, 07/18/2010 - 10:29 by Overseas

By Moonis Ahmed

KARACHI: The construction industry might face challenges if government does not review the revised property valuation rates that have been increased up to 300 percent per sq yard, industry people said on Saturday.

Chairman ABAD, Engr. Farooq-uz-Zaman Khan, while talking to Daily Times strongly opposed the increase in valuation rates and said that the increase by 50 to 300 percent is not only exorbitant and unrealistic but also prejudicial to the interest of revenue as well as property owners.

KARACHI: Third major operation against land mafia

Posted Sun, 07/18/2010 - 10:27 by Overseas
KARACHI: Third major operation against land mafia

80 acres of land recovered, six land grabbers arrested

By Atif Raza

In the third major operation against land mafia in Karachi, a joint team comprising officials of the city police and the revenue department recovered 80 acres of land in Somar Goth on Saturday.

According to details, several illegal structures were bulldozed in the operation in Somar Goth located in the Steel Town police precincts, while more than 40 police mobiles were present on the site.