Construction of Mohra Shera Dam in RWP has received approval

Construction of Mohra Shera Dam in RWP has received approval

According to news reported in the top daily on April 5, the Punjab Minor Dams Organization has approved the construction of the Mohra Shera Dam to address the water needs of Rawalpindi. The project is expected to cost PKR 281.95 million in total.

Read more about EL news: Completed pre-urban planning for Gujar Khan and Kotli Sattian

According to the news source, after the project is finished, it will irrigate 5,000 acres of land and supply more than 0.2 million people in the nearby areas with clean drinking water. During 18 months, the aforementioned project is anticipated to be finished.

According to the specifics, the Punjab Minor Dam Organization has requested bids from significant dam construction firms by April 24. The contract will reportedly be given within the first week of the next month.

The project will also include a cutting-edge park where guests may participate in a variety of leisure activities like paddle boating and motor boating. To draw visitors, the park will have a variety of fruit trees and flowering plants.

The project will also include a cutting-edge park where guests may participate in a variety of leisure activities like paddle boating and motor boating. To draw visitors, the park will have a variety of fruit trees and flowering plants.

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CDA opens online possession for plots in Sector I-15

CDA opens online possession for plots in Sector I-15

Islamabad: According to an advertisement published in the national dailies on April 5, the Capital Development Authority (CDA) has stated that allottees can take ownership of their plots through online bookings. The notification stated that the CDA website, https://apps.cda.gov.pk/appointment/sector/i-15, contained information about the plots.

Also, it was stated that plots in Sector I-15 will not be subject to extension fees; as a result, allottees are urged to take possession of their plots as soon as possible. To finalise possession for plots in Sector I-15, the allottees are required to meet the CDA employees on the designated dates at the designated locations (as chosen in the online booking made through the CDA website).

The authority previously disclosed that it had resumed development work in the area and intended to finish it as quickly as feasible. Every effort would be made, according to CDA Chairman Noorul Amin Mengal, to ensure the quick development of Sector I-15 and the transfer of the land to the allottees.

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Completed pre-urban planning for Gujar Khan and Kotli Sattian

Completed pre-urban planning for Gujar Khan and Kotli Sattian

In order to establish Rawalpindi’s new urban limits for the subsequent 25 years, the pre-urban planning for the two tehsils of Gujar Khan and Kotli Sattian has been finished, a news outlet stated on April 6.

Read more about EL news: Unauthorized Islamabad car showrooms to lose leases

According to reports, the Rawalpindi Development Authority (RDA) has contracted with Mott MacDonald to map out the district’s limits for the next 25 years in accordance with the city’s new master plan. By the final week of May, the firm will deliver to the RDA the planning report for other tehsils in the districts. According to Jamshed Aftab, chief planner for the RDA, the business has suggested creating various zones, including green zones, residential zones, industrial zones, and agro-farm zones.

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DHA Peshawar is seeking bids for renting out petrol station businesses

DHA Peshawar is seeking bids for renting out petrol station businesses

Peshawar: On April 6, a post was uploaded on the Defence Housing Authority (DHA) Peshawar’s official Facebook page inviting ideas for leasing businesses at the Pakistan State Oil (PSO) filling station.

Read more about EL news: CDA for moving private schools away from neighborhoods

In keeping with its pledge to offer fantastic business prospects, the council provides shops at the PSO filling station for rent on a monthly basis. The DHA Peshawar has asked interested parties to submit their ideas by April 10 according to the specifics. This deal is made to a variety of businesses, including tuck shops, tyre shops, and car washes.

The size of the shops or facilities offered have not been disclosed by the administration. For additional information, interested parties can call the DHA Peshawar marketing division at 091-7259155 or 111-342-342.

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How foreign direct investment affects international real estate economics?

How foreign direct investment affects international real estate economics?

Introduction

International real estate economics is a transaction that happens across national borders regarding real estate. Moreover, there will be several factors that include in this concept. One of the significant aspects is the supply and demand of real estate in different countries. And their impact on the global market real estate prices. Further, there are many fields included in this concept, including finance, law, geography, and urban planning.

Most importantly, all these areas are vital to study to understand global trends and investment opportunities. In this blog, we have covered foreign direct investment’s FDI effects on international real estate economics. So let’s explore all the areas in-depth detail.

FDI Effect on International real estate Economics

The FDI is the foreign direct index, which is the amount we receive from a foreign entity. Moreover, it is viable in contributing to and boosting the country’s economy. Here are some detailed insights into how FDI works in real estate economics.

Enhanced Demand for Properties

The FDI can help increase the demand for real estate projects in any country. Further, it can help raise investment rates and property prices. And that will, in return, benefit the investors and developers. Lastly, it will work beneficially for the entire construction industry.

Real Estate Financing

Foreign direct investment helps international real estate economics as it finances the realtors in creating real estate development projects in countries where the projects are scarce. Moreover, real estate economics and finance work more efficiently with the availability of the FDI. Also, it helps the local developer in creating outstanding real estate projects. And that will lead to enhancing the living standards of the investors.

Technology Transfer

The other aspect that works for the betterment of the country is technology transfer. Moreover, the FDI brings the latest technological advancement to the particular country. And not only these new practices in creating a global standard of living and commercial spaces. So, overall it helps not only enhance the infrastructural quality in the country but also helps investors attain long-term living standards.

Employment & Business Opportunities

The FDI brings employment prospects for the people in the country. Moreover, international real estate economics works as a helping hand in uplifting the living standards of the people. The job opportunities in the real estate fields include construction, property management, and real estate sales. All these areas need human resources that will be helpful in employment prospects for investors.

Commercial Real Estate Economics will also play a significant role here. Moreover, the corporate developments will help the investors start any business opportunity that will, in return, make high profits.

Boost Economic Growth

Foreign direct investment helps in boosting the country’s economy. Especially for underdeveloped and developing countries, it works miraculously. Further, if we look at the real estate condition in developing countries like Pakistan, FDI is now the need of the hour. FDI directly affects the country’s real estate sector as many developing housing projects are increasing economic stability and helping investors achieve desirable investment opportunities. Blue World City, New City Paradise, and Kingdom Valley Islamabad are the finest examples.

Diversification

Lastly, the most vital aspect is that FDI brings various practices to Pakistan. Moreover, the country has several examples, like the Seven Wonders City Islamabad with seven wonder replicas. The other model will be the Blue World City Islamabad, which is developing in collating with foreign developers. So, its infrastructure has unique features and is also known as Pakistan’s first purpose-built tourist housing society.

Potential Risks

The FDI in international real estate economics has potential risks that can diversly affect the economy and the country. And here are the details.

Dependency & Volatility

Too much foreign direct investment might make the country’s economy depend on this investment prospect, destabilizing the real estate markets. Moreover, as we know, the real estate industry is volatile. FDI might diversely affect the demand for real estate projects. Further, optimal FDI is sufficient to maintain real estate’s supply and demand ratio.

Currency & Political Risk

Foreign Direct Investment might become subject to political risk if there is political instability or government change, then the government policies. At the same time, currency fluctuations directly affect the FDI. That has a diverse influence on the return on investment for all foreign investors.

Conclusion

International Real Estate Economics is often affected and linked with foreign direct investment. Moreover, the FDi brings many prospects to the receiving country, where it only creates a high-quality infrastructure but also helps enhance the investors living standards. Further, the areas we have discussed in the blog suggest how FDI plays a significant role in the betterment of the country. Nevertheless, there are a few hazards involved in the price as well.

Better and wise planning is necessary to make the most of the FDI. Lastly, Estate Land Marketing always brings intriguing topics for all viewers and investors. So please keep visiting our website and contacting our real estate consultants for reliable guidance and updates.

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Top 10 Real Estate Economists

Top 10 Real Estate Economists

Introduction

Real estate economists are the subject matter experts who help investors and realtors in making the right and sustainable investment opportunities. Moreover, globally, real estate is one of the best business and investment options that benefit investors and developers to create profits and massive gains. The blog will cover the world’s top economists with excellent reputations in the real estate market as they help everyone with the correct insights, information, and guidance. So, without delay, let’s explore all our economist options here.

Real Estate Economics

Applying economic techniques in the real estate market is real estate economics REE. Moreover, real estate investors and developers must know to ensure optimal asset creation. Also, the top real estate economists are helping shape the real estate dynamics worldwide. And for that matter, even in a developing country like Pakistan, the real estate sector is in the way of helping the country’s economy, primarily commercial real estate economics. So, keep reading to know more regarding economist real estate and helpful real estate economics strategies to get the maximum insight and investment strategies.

Top 10 Real Estate Economists

The list is long, but we have shortlisted the most famous and experienced economists known for their hard work and contributions to the real estate sector. Thus, let’s dive into the option we have here.

Lawrence Yun

The first option we have is Mr Lawrence Yun. He is the leading economist at the NARs (National Association of Realtors). Moreover, Mr Yun is in charge of examining real estate data and trends to provide helpful information regarding real estate. As an asset to the organization, he has been part of it since 2000, during his tenure and till now. And he is sharing valuable statistical insights regarding the economy and the real estate market.

Mark Fleming

The other well-known real estate economist is Mr Mark Fleming, the leading economist at First American Financial Corporation. Moreover, he facilitates everyone with title insurance, settlement services, and risk solutions in real estate transactions. Also, he is responsible for the company’s economic research team to generate more profitable results.

Ralph McLaughlin

Mr Ralph MacLaughlin is also the chief economist and the senior vice president of Analytics at Haus, a real estate technology company. Moreover, he has a history of working with Trulia as a chief economist. So, we can say that Mr Ralph McLaughlin has the best in-hand experience and knowledge regarding real estate. Lastly, his research is usually about housing market trends and economic indicators.

Danielle Hale

Ms Danielle Hale is the chief economist at realtor.com. The realtor.com is the leading online real estate platform. The most vital aspect is that her expertise offers information regarding the analysis and insights into the housing market and broader economic trends. All this data is critical to creating a viable and valuable housing investment.

Skylar Olsen

The other real estate economist is famous for her outstanding work and dedication. Moreover, Ms Skylar Olsen is the chief economist at Zillow. Also, she leads the Zillow economic team. Also, she helps everyone analyze current trends and housing market data to get profitable results. Her core areas are home values trends, sales and inventory.

Jonathan Smoke

The other top real estate economist we have here is Mr Jonathan Smoke, a chief economist at Auction.com. The auction.com is the virtual real estate arena. Moreover, the Economist real estate has expertise on the trends in home sales, pricing, and real estate economics and finance. All these areas are vital in making the finest real estate deals. So, investors looking to make an incredible investment can attain guidance from this real estate economist.

Daryl Fairweather

The other economist in real estate is Daryl Fairweather, a chief economist at Redfin, a technology-powered real estate brokerage. Further, the economist is known for contributing to the research team by providing information about broader economic trends. There will be several other areas where the economist holds a grip, like behavioural economics. Thus, guidance from this economist can be vital before making a sustainable investment.

Nadia Evangelou

The other professional here is the chief economic expert and director of real estate research at the National Association of Realtors. Moreover, her main focus is the county and native real estate market trends, including the changing demographic effects and migration arrays. Also, her expertise includes researching and analyzing local residential affordability conditions and solutions to increase the housing inventory.

Selma Hepp

The following real estate economist is one of the most famous and intelligent economists. Moreover, she is the deputy chief economist at the prestigious organization CoreLogic. Further, CoreLogic is a property data and analytics provider. In addition, the economist has in hand experience in housing market analytics, creative data storytelling, and driving leadership.

Robert Dietz

Last but not least, he is the chief economist and wise senior president for economics and housing policy of the National Association of home builders. Also, he is responsible for housing market analysis, housing policy research, industry surveys, and economic forecasting. Not only this, he has published research papers on federal tax policy, the benefits of homeownership, and other housing issues.

Conclusion

The top real estate economist list is available in this blog. All of them have accomplished a lot in their relevant corporations. And also spreading real estate knowledge among the masses to help them achieve optimal housing investment. Moreover, all these economists are part of prestigious organizations globally. Similarly, Estate Land Marketing is willing to offer investors in-depth and valuable information. Thus, contact their professional team before making any sustainable investment to gain a high return.

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CDA for moving private schools away from neighborhoods

CDA for moving private schools away from neighborhoods

Islamabad: According to news reported on April 3, the Capital Development Authority (CDA) has suggested moving private schools out of residential neighborhoods by renting out plots to schools as part of a new strategy.

Read more about EL news: Unauthorized Islamabad car showrooms to lose leases

The suggestion will be discussed at the upcoming sixth meeting of the CDA board of directors, according to the sources. The board is anticipated to consider leasing out vacant seats to private schools, which is not permitted by the laws as they currently stand.

According to CDA regulations, both public and private educational institutions may get residential residences. While private schools must purchase plots through a competitive process at the market rate, the CDA allots properties to public schools at subsidised rates. The administration now wants to give private schools the freedom to build purpose-built campuses away from residential areas.
According to the critical authorities, CDA should auction plots rather than lease them because private schools are successful businesses and do not provide their kids with the benefit of nominally cost leases.

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Unauthorized Islamabad car showrooms to lose leases

Unauthorized Islamabad car showrooms to lose leases

Islamabad: According to news reports from April 4th, the Capital Development Authority (CDA) has issued a warning of lease cancellation to the proprietors of all illegal vehicle shops operating in commercial areas of Islamabad.

Read more about EL news: Islamabad will host a CDA kiosk auction next month

According to sources, CDA Chairman Noor ul Amin Mengal tweeted a warning about a number of illegal vehicle showrooms that have been discovered in various parts of the city and are in breach of leasing agreements and non-conforming standards.

The owners of the implicated vehicle showrooms are urged to remove the property by April 20 to avoid legal repercussions, such as steep fines, termination of leases, and sealing of the property.

According to the CDA’s warning notice, these non-compliant firms are breaking the law and causing traffic congestion that makes it difficult for people to commute easily in the nation’s capital.

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Islamabad will host a CDA kiosk auction next month

Islamabad will host a CDA kiosk auction next month

Islamabad: According to a news source on April 5, the Capital Development Authority (CDA) has decided to put up for auction kiosks (vending machines) scattered across the capital city.

Read more about EL news: Punjab brick kilns closed due to rising costs and decreased building

The auction for selling spots will take place from May 15 to 17, starting at 10 AM, at the Citizen Club in F-9, according to CDA Chairman Noorul Amin Mengal, who is also the Chief Commissioner of Islamabad. He stated that Metropolitan Corporation Islamabad will hold the auction for the approved kiosks by the planning wing (MCI).

According to the information, 200 kiosks will be auctioned off next month, making a total of 1,807 vending points that will be sold at auction. Businesses that sell juice, shakes, tea, coffee, fruits, vegetables, hamburgers, snacks, tuck shops, and decorations and gifts will be able to take use of these kiosks. These vending machines will be placed at parking lots, playgrounds, parks, bus stops, and marketplaces.

According to the information, the kiosks will be built in accordance with a certain design in an effort to improve the beauty of the federal capital. The winning bidder will receive a 10-year licence to run the vending machine under this scheme. It has been made clear by CDA Chairman Mengal that seating would not be provided at kiosks since doing so might result in encroachment on state-owned property.

Irfan Nawaz Memon, MCI Administrator, said that the MCI will offer the winning bidder with a design for putting up the vending locations. The auction, according to the chairman, will boost commercial activity and remove encroachments from Islamabad’s sidewalks and public spaces.

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Punjab brick kilns closed due to rising costs and decreased building

Punjab brick kilns closed due to rising costs and decreased building

Lahore: According to press reports from April 4th, 20% of brick kilns in Punjab had to close due to rising production costs and a reduction in construction activity.

Read more about EL news: FBR and provinces will jointly establish valuation rates for FY24

The news source stated that Punjab currently has 7,332 brick kilns running, employing thousands of people. Together with 20% of the brick kilns leaving, rising production costs have put the remaining kilns in danger of closing due to a lack of customers and ongoing losses. A spike in the price of transportation, coal, and mud per tractor-trolley has resulted in an increase in the price of making one million bricks from PKR 7 million to PKR 12 million.

According to the information, construction activities have fallen mostly due to the high cost of materials, and brick prices are at their lowest point in the last five years. Mehar Abdul Haq, secretary general of the Kiln Owners Association, revealed that brick kiln owners lose PKR 1.5 million every month. It is significant to note that several brick kilns were damaged by the flash floods in South Punjab last year, and many have not yet been repaired.

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