Al Kabir Town shares the filing deadline for Sector B plots' balloting fees

Al Kabir Town shares the filing deadline for Sector B plots’ balloting fees

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The administration of Al Kabir Town, Lahore As announced on March 10 via all official social media channels, the deadline for submitting the balloting fees for Sector B plots has been set for March 15.

Read more with EL news: RDA requests EOIs for digital survey of structures under construction

The corporation has issued a statement saying that anyone who wants to buy a 3- or 5-marla residential plot must pay a balloting fee. The message further emphasizes that the applicant will be disqualified from voting if the charges are not submitted by the specified deadline.

 

For the sake of convenience and to secure their inclusion in the later-announced balloting for Sector B plots, the management has requested that customers and investors submit the costs as soon as feasible.

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How does Commercial real estate economics work?

How does Commercial real estate economics work?

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Introduction

Commercial real estate economics looks for the parameters necessary for the overall commercial entities’ work. Also, the significant aspect is that it affects the supply and demand of corporate estates. Further, CREE includes the land and entities viable for corporate purposes. And that includes office buildings, retail plazas, centres, and hotels. All these real estate endeavours allow investors to earn massive gains. Therefore, CRE science is mandatory for the real estate actors like owners, developers, and investors to help gain optimal results. Therefore, the best-related information will be accessible on the blog, so keep reading it.

Commercial Real Estate Economics

Understanding Commercial real estate economics and finance is exceptionally viable for investors and owners to make the most of the property. Also, in-depth knowledge of CREE can be accessible from experts and professionals. Further, numerous aspects are included in CRE, including their explanations.

Supply & Demand Dynamics

Commercial real estate economics works like supply and demand in other departments. Moreover, there is more demand for real estate in a particular area the prices become higher because buyers compete for limited inventory. In contrast, when more real estate projects are available, the costs will fall to attract more customers to make a residential investment in the community. However, there will several other factors are also included in the process.

Some of them are population, government policies, real estate investment rules and regulations, and, most importantly, economic growth.

Capitalization Rates

Another factor that investors must know regarding the CREE. The concept is necessary for all investors and owners to make long-term and profitable investment opportunities. Moreover, the cap rates involve the values and their relationship of net operating income and the current market value. That will result in getting to know the return on investment potential.

The cap rate can also depend on multiple factors like the property type, location, etc. All the factors might alter the evaluation. Most importantly, the results are also helpful in analyzing and comparing real estate properties.

Absorption Rates

Commercial real estate economics mainly depends upon absorption rates. Moreover, it is another vital concept of the CRE. The idea primarily revolves around the sales of the real estate inventory in a specific period. The absorption rates are usually evaluated monthly or quarterly. And the readings are typically denoted as the total real estate inventory percentage.

The investors and the owners usually look for the absorption rates to sell or invest in their properties to make a suitable investment. Moreover, if the absorption rate is high, the real estate market is highly competitive, and it is the right time to make a profitable purchase or sell. On the contrary, holding a property for a while will be suitable if the absorption rate is low.

Economic Indicators

Commercial real estate economics, aka CRE, is the key to asses and the performance and the rends of the CREE. Moreover, the commercial economic indicators that are highly beneficial will be vacancy, rental, absorption, and capitalization rates. Most importantly, the Gross Domestic Product helps provide a wholesome view of the commercial economic indicators and the investment prospects for better and more profitable results. Other factors also beneficial for CREE are the interest rates and the employment ratio in the particular region.

Why is its understanding vital?

The CRE understanding is vital to get maximum commercial real estate investment benefits. Also, several other factors will be the prerequisite of commercial real estate. Like the supply & demand dynamics, capitalization rates, absorption rates, and economic indicators. All these and other macro and micro aspects will make the commercial investment more lucrative. Therefore, this blog covers elaborative elements to offer investors maximum guidance.

Conclusion

The CRE is the primary part of real estate investment. Moreover, investors around the globe want to get benefit from it. Also, commercial real estate will help investors start any business venture. That, in return, assists them in making a good amount of money. Therefore, investors must look at multiple factors to ensure their investment is one of the best and most lucrative.

We have shortlisted the aspects for all investors, primarily commercial real estate investors, to know the prospects of investing more sustainably. As we know, several commercial opportunities are growing globally and in Pakistan, and this guide can be the perfect fit for making a lucrative commercial investment. Lastly, keep visiting Estate Land Marketing for more news regarding the CRE.

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What is Blue World City Horse Mascot

What is Blue World City Horse Mascot?

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Blue World City Islamabad is one of the significant under-construction real estate projects in Islamabad. It is estimated to be one of the most affordable projects with world-class features. Some of the real estate business experts assume that the entire project has the capability to completely change the landscape of the city. The owners of this project have made it very easy for their investors to reserve their plots online. Some of the main plot reservation facilities are Blue World city QR code registration and APR form. The latest development update about Blue World City’s horse mascot has attracted much of the attention of its real estate investors.

Owners and Developers

The developers of this housing project are Shan Jian Municipal Engineering, a Chinese engineering firm, and Blue Group of Companies. The owner of Blue Group of companies is Chaudhry Saad Nazir, who has made a huge name in the real estate business. Both these construction entities are famous for providing advanced construction solutions to their clients. They have hired talented designers and architects to ensure world infrastructural facilites of this housing  project.

Location and Map

The investors of any real estate project check out the location of their project to ensure accessibility and beauty.  They want to make sure that they are making a worthy investment in a better destination. So, the latest update suggests that this project would be located at the main M2 Islamabad-Lahore Motorway at main Chakri Road. The residents of this place would be able to reach Islamabad International Airport within a few minutes. Also, it close to an under construction Rawalpindi Ring Road that reduces the distance among some important points.

Blue World City Horse Mascot

Mascots are the kind of horse sculpture that is mainly found in Scotland. The developers of Blue World City Islamabad have planned to construct a 30 meter hige Blue World City Horse Mascot. That mascot would be one of the main tourist spots of this housing project. Generally, it would be Kelpies, which is also famous for its shape-shifting mythology. Overall, the mascots are the symbol of some majestic architectural and cultural marvels.

The best part about these mascots is that they would have lights all around to display illumination at night. Such efficient architecture would be even visible from the outside spaces of this housing project. The residents of this housing project would be happy because of such world-class development. The designers who are working on this sculpture are famous for their creativity and talent. The lights around this sculpture would be the main reason for its attraction, as they would shine during the night.

Conclusion

Blue World City comprises of advanced and unique kind of infrastructure that nobody has ever had. The developer of this project is making it really easy for their investors to book their plots quickly. The construction of the Blue World City Horse Mascot would be a remarkable addition to attract more tourists. As this housing project is not complete, the plots are available at affordable rates. The developers want to make this housing project as a center of attraction in twin cities.

Such infrastructural solution would ensure that more of the investors get attracted to this housing project. For reservation of plots, please talk to marketing agents of Estate Land Marketing. Our marketing team is professional in the real estate business, and they would assist the investors on their visit.

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RDA requests EOIs for digital survey of structures under construction

RDA requests EOIs for digital survey of structures under construction

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In order to perform a digital field survey of unapproved, under-construction buildings within its authority, the Rawalpindi Development Authority (RDA) has requested Expressions of Interest (EOI) from certified town planning consulting firms, according Pakistani news reports on March 7.

Read more with EL news: PCBDDA presents CBD’s projects in a roadshow

The surveyor company chosen by the RDA will be in charge of conducting digital surveys of buildings in the residential, commercial, industrial, and institutional sectors as well as developing an Android application. The government has requested that all interested companies submit their expressions of interest (EOIs), in conformity with the Punjab Procurement Regulations 2014 (PPRA), together with all required supporting documentation. The authority requests the following from the qualifying firms to participate, per the EOI published:

The Memorandum/Article of Association, Partnership Deed, or Joint Venture Agreement, as well as a certificate of registration with the Pakistan Council of Architects and Town Planners (PCATP) and the valid renewal letter for the relevant project profile category until 2022, must be submitted by interested firms.
The companies are required to present a list of permanent professional staff members, together with the resumes of core personnel who have relevant project-related expertise and a commitment that they have not been blacklisted or defaulted by any government agency, department, or organization.

By March 22, 2023, the EOI must be delivered to the Director (LU&BC) RDA’s office. If an application contains fraudulent, falsified, or materially erroneous information, the RDA reserves the right to disqualify it.
By submitting a written application and paying a non-refundable fee of PKR 2,000 in the direction of the Director (LU&BC), RDA, interested bidders may purchase the prequalification document. You can get the specifications-containing bidding documents from the RDA website.
Only a maximum of three enterprises are permitted to form a JV or consortium, which requires that international firms partner with a local firm or firms.

It is significant to mention that RDA has conducted numerous operations against illegitimate construction and building in the city.

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PCBDDA presents CBD's projects in a roadshow

PCBDDA presents CBD’s projects in a roadshow

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Lahore: On March 8, news sources said that the Punjab Central Business District Development Authority (PCBDDA) (CBD Punjab) has started roadshows in Lahore to get more people to know about the area and bring in more businesses.

Read more with EL news: CDA authorizes rural and urban revitalization programs totaling billions

The authority has made a float that shows off some of its most important projects, such as SIRIUS, The Runway, and The Regalia. The authority said that it will take part in the Jashan-e-Baharan event in Lahore, which is being put on by the government of Punjab, to show how committed it is to the development of the province. It will do this with a beautiful float. The famous Minar-e-Pakistan and signature projects of CBD Punjab are shown on the float, which is covered in flowers that show the colors of spring.

Imran Amin, the Chief Executive Officer (CEO) of CBD Punjab, talked to the media about how happy he was to be a part of the event and work with the community. He talked about how the authority was committed to modern infrastructure and helped Punjab grow. The float is a treat for the people of Lahore, who are amazed by its beautiful colors and lights. It is a sign of how Punjab is growing and changing.

 

It’s important to note that CBD is the Punjab government’s most important project for growing the city up. The project includes SIRIUS, the tallest mixed-use skyscraper in Punjab, The Runway, a commercial strip with a mix of retail, entertainment, and dining options, and The Regalia, a high-end residential project in the heart of Lahore.

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CDA authorizes rural and urban revitalization programs totaling billions

CDA authorizes rural and urban revitalization programs totaling billions

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Islamabad: According to news sources, the city government on Tuesday (March 7) approved a number of new development initiatives worth billions to improve urban and rural areas in the federal capital.

Read more with EL news: CDA resumes Margalla Town Underpass development

These new uplift projects were accepted at a meeting of the Development Working Party (DWP) board of the Capital Development Authority (CDA), which was presided over by Noorul Amin Mengal. According to the sources, PC-I of a program worth PKR 10.5 billion for development projects in rural areas was approved during the meeting. The administration intends to extend the development initiatives to rural areas, according to the same source.

In two years, the rural area’s uplift project will be finished. The project’s PC-I emphazised the need for repairs to the rural area’s water supply system, existing roadways, street paving, and sanitation system. It is significant to note that the civic is already working on projects with a total cost of more than PKR 50 billion. Additional projects with CDA approval include:

The cost of Chatta Bakhtawar Housing Project is PKR 2,120 million.
At a cost of PKR 1,424 million, a two-lane flyover and approaches are being built at Rawat T-Chowk from the N-5 Gujar Khan side to the Islamabad Highway.

With PKR 2,573 million, purchase new equipment for the sanitation department.
PC-I for a PKR 142 million connecting road through the Margalla underpass between Garden Avenue and Murree Road
PC-I for the $4,109 million project to build an underpass and expand the Srinagar Highway from 7th Avenue to Serena Chowk

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CDA resumes Margalla Town Underpass development

CDA resumes Margalla Town Underpass development

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Islamabad: According to news reported in the top newspaper on March 6, the Capital Development Authority (CDA) has decided to resume building work on the Margalla Town underpass, which was halted due to an upgrade in the design.

Read more with EL news: KP governor wants high-rises for low-cost housing

According to a senior CDA official (whose identity was withheld), the underpass’ design has undergone some adjustments, and the authority will shortly resume construction on the project. The placement of the underpass hasn’t changed, he continued. It was revealed that Margalla Town’s service road would be dualized.

Garden Avenue will also be extended from 7th Avenue to the flyover over Murree Road and Rawal Road. The official stated that the CDA Development Working Party will consider this matter at its forthcoming meeting (DWP). The party is anticipated to endorse the $10 billion megaproject for the development of rural communities during the meeting.

It is important to remember that once construction on the Margalla Town underpass project had begun, the civic organisation discovered several technical issues with the approved design.

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CAA requested buildings around airport height limits

CAA requested buildings around airport height limits

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Islamabad: The Civil Aviation Authority (CAA) has been encouraged by the National Assembly’s Standing Committee on Aviation to take the initiative in deciding the height restrictions of high-rise buildings near airports, according to news outlets on March 7.

Read more with EL news: Fourth vote of LDA City documents held

The standing committee requested that the CAA create regulations to maintain secure airspace near airports. The construction of housing societies near airports, which continue to hinder flight paths due to height restrictions, raised concerns from the committee about the safety of passengers and crew. The CAA was formerly in charge of overseeing development in the impacted areas, but the committee advises that the authority be reintroduced to stop any dangers. The committee has also demanded a written report on funnel zone safety from the CAA. Also, the CAA has asked the committee to resurrect legislation that would divide the authority’s regulatory mission from the operating role of airports.

The Capital Development Authority (CDA) recently permitted 1,000-foot-tall skyscrapers in several areas near airports. Before, the government controlled property development around airports, but constitutional revisions have given local regulatory bodies the power to create their own regulations and legislation.

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KP governor wants high-rises for low-cost housing

KP governor wants high-rises for low-cost housing

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Peshawar: According to news stories from March 7, Khyber Pakhtunkhwa (KP) Governor Ghulam Ali emphasized the importance of building high-rise projects with contemporary amenities to address the demand for affordable housing in the province.

Read more with EL news: CDA will sanction rural area development project

According to the specifics, the governor made these statements during the groundbreaking for a mixed-use development in Industrial Estate Hayatabad. He was grateful for the management team’s efforts in starting a project that adhered to contemporary standards.

Moreover, Governor Ali has invited both domestic and international investors to investigate the province’s many industries. He stated that all essential facilities will be provided to the investors.

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Blue World city discounted Offer for Investors

Blue World city discounted Offer for Investors

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Blue World City Islamabad is going to be an elite housing project, and it is currently under construction in Islamabad. This housing project would be one of the most inexpensive real estate projects with some lavish housing features. Many of housing experts have predicted that this housing project would be a revolutionary project in the real estate sector of Islamabad.

In addition, the developers of this housing project are coming up with an innovative solution to ensure the registration of the plots. The entire housing project includes different types of sectors like Awami Complex, Orbital flats, and overseas blocks. All the rates of these sectors are now available at reasonable rates due to the Blue World City discount Offer. The discount offer involves some of the best installment plans that make the investment process easier.

Owners and Developers

The owners of Blue World City are Blue Group of companies, and a famous Chinese engineering entity named Shah Jian Municipal Engineering. Both of these real estate projects have a history of providing some best construction facilities to their investors. Chaudhry Saad Nazir, the man behind the blue group wants to transform the real estate sector of the federal capital with innovative features. He is working hard to get more of the real estate investments from Overseas Pakistanis. This real estate project has the potential to completely change the overall landscape of Islamabad and Rawalpindi.

Location and Map

Investors who want to invest their money in any real estate business would look to check out the location factor. They are trying to spend their capital on a place, which is full of beauty with the best housing facilities. The latest location map of this display suggests that the entire project would be located near the M2 Islamabad-Lahore Motorway at the CPEC route. One of the best advantages of the location is that residents of this place would reach Islamabad Airport within a few minutes. Apart from that, it is adjacent to the huge Rawalpindi Ring Road. It is so because the impact of Ring Road commercially is mega. The other best part about the location of this project is that it comes at the junction of Rawal Road.

Blue World City Discount offer

The owners of Blue World City Islamabad are making sure that the real estate investors get their plots at inexpensive rates. For that purpose, they have released the Blue World City discount offer for every sector of this housing project. Especially, the investors of the overseas sector have a good opportunity to invest their capital now. Furthermore, the developers have also allowed investors to invest through monthly and yearly installments. There would be a separate option for around 20 percent downpayment that makes investment easier. The current discount offer makes it easy for investors to become eligible for future balloting. The discount offer for this housing project is also visible with the help of Blue World City QR code registration.

Conclusion

Blue World City is going to be a life-changing experience for real estate investors in Islamabad. Anyhow, the owners have introduced some advanced types of booking facilities along with the Blue World City Discount offer. The plots of this housing project are very reasonable, in terms of residential and commercial gains. As of now, the rates of the plots are available at budget-friendly rates. The developers have introduced their discount offer for rapid booking of plots. Every sector of this housing project has its own payment plan with separate installments.

Every payment of the plots depends on the size and facilities that it offers. If you are willing to book plots for yourselves, then you may visit the official site of estate land marketing for book plots. Our official site involves all type of necessary guideline that helps in the registration of plots.

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