TAXILA: The first-ever computerised Land Record Management and Information System (LRMIS) centre in Taxila became operational on Wednesday and started issuing digital land data to owners of three different areas in the tehsil.
The LRMIS centre is a project undertaken by the Punjab government through the assistance of World Bank for the computerisation of land records. The project aims at facilitating easy access to land records with lower transaction cost for citizens.
The computerisation of land records also aims at curtailing the widespread tampering of land records and ensuring transparency in deals.
The centre has started issuing certificates in three of the 50 revenue circles in the region namely Bull, Kolian and Mohra Maradu.
Assistant Commissioner Shahid Imran, while talking to newsmen said all land records of the entire tehsil would be digitized which would help people get rid of the ‘corrupt land mafia’. It would also ensure convenience in transferring properties and getting revenue documents, he added. Continue reading
Residential rentals in downtown Bangkok increased for the first time in 20 years in 2013, according to a report from CBRE Thailand.
With sale prices increasing, the gross average rental yield, before any deductions — i.e. common area management fees, maintenance, insurance — was 5.3 percent in 2013.
One-bedroom units recorded the highest gross rental yield at 6.4 percent, followed by two-bedroom at 5.5 percent and three-bedroom units at 4.1 percent.
CBRE analyzed 176 rental transactions in 55 condominiums in Bangkok’s three most popular expatriate rental areas — Sukhumvit, Silom/Sathorn, and Lumpini. The Sukhumvit area (Sukhumvit Soi 1-63) was the most popular location for rentals, achieving the highest yields at 6.1 percent.
According to the report, the age of condominium buildings does not have a significant impact on rental yields.
LAHORE: The Lahore Development Authority (LDA) will hire an Australian company-led consortium as consultant for the feasibility of the River Ravi Front Urban Development Project, Dawn has learnt.
The LDA had earlier decided to hire a Pak-American venture being the lowest bidder but dropped it after the US company could not prove its credentials of having requisite experience of 10 years or so.