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City District
LDA Launches Operation Against Illlegal Housing Schemes, Seals Multiple Offices, Demolishes Structures
▫️DG LDA also visits Railway Station, Data Darbar expansion project, and Bhatti Chowk underpass
Social
Land Shortage for New Residential Projects in Hong Kong, Housing Crisis Begins to Emerge
▫️Impact will appear with a lag, and the market may face a severe supply shortage in the coming years, say property experts
Social
Decision Taken to conduct Third Party Audit of Karachi IT Park Design, A Project Worth Over Rs 31 Billion
▫️Design changes cited as major reason for delays, bidding process has failed multiple times
City District
Crackdown on Excess Load: LESCO Decides Action Against Single Phase Consumers
▫️Three phase conversion made mandatory for loads above 3 kW; protected category to be withdrawn upon shift to threephase meters
Global
Australian Housing Market Slumps as Buyer Confidence Falters Amid Economic Uncertainty
▫️Auction clearance rates in Sydney and Melbourne hit multi year lows as cautious buyers adopt a 'wait and see' approach