daily menu » rate the banner | guess the city | one on oneforums map | privacy policy | DMCA | news magazine | posting guidelines

Go Back   SkyscraperCity > World Development News Forums > Highrises

Highrises Discussions of projects under construction between 100-199m/300-649ft tall.
» Proposed Highrises



Global Announcement

As a general reminder, please respect others and respect copyrights. Go here to familiarize yourself with our posting policy.


Reply

 
Thread Tools
Old February 8th, 2009, 03:01 PM   #21
Intoxication
Everythin bubble of water
 
Intoxication's Avatar
 
Join Date: Jul 2005
Location: London (Islamabad)
Posts: 14,492
Likes (Received): 20510

Pics taken yesterday (7th February, 2009) by brightside.

Quote:
Originally Posted by brightside. View Post


Finally some pictorial contribution by him!
Intoxication no está en línea   Reply With Quote

Sponsored Links
Old April 12th, 2009, 05:11 PM   #22
Faddie
Back on the Track!!!
 
Faddie's Avatar
 
Join Date: Sep 2008
Location: Karachi
Posts: 566
Likes (Received): 210

Updates of Centerpoint

Faddie no está en línea   Reply With Quote
Old April 12th, 2009, 06:38 PM   #23
skyperu34
TRUXILLO del PERU !!!
 
skyperu34's Avatar
 
Join Date: May 2003
Location: TRUJILLO, Perú
Posts: 13,534
Likes (Received): 808

Looks nice in renders...
__________________
MIS DIBUJOS DE TINTA Y CARBON:


Diseño, arquitectura, arte y naturaleza en:

skyperu34 no está en línea   Reply With Quote
Old April 12th, 2009, 07:14 PM   #24
Intoxication
Everythin bubble of water
 
Intoxication's Avatar
 
Join Date: Jul 2005
Location: London (Islamabad)
Posts: 14,492
Likes (Received): 20510

Dude!!! Center Point is only 130 meters in your diagram. Its supposed to be a 150 meters.
Intoxication no está en línea   Reply With Quote
Old April 13th, 2009, 02:01 AM   #25
Faddie
Back on the Track!!!
 
Faddie's Avatar
 
Join Date: Sep 2008
Location: Karachi
Posts: 566
Likes (Received): 210

Look closely, spire makes it 150m
Faddie no está en línea   Reply With Quote
Old June 2nd, 2009, 08:57 PM   #26
Umair-Chishty
Registered User
 
Umair-Chishty's Avatar
 
Join Date: Jun 2009
Location: Karachi/Amsterdam
Posts: 173
Likes (Received): 58

any new photo's
Umair-Chishty no está en línea   Reply With Quote
Old August 23rd, 2009, 12:37 PM   #27
KB
Moderator
 
KB's Avatar
 
Join Date: Feb 2006
Posts: 11,825
Likes (Received): 6801







KB no está en línea   Reply With Quote
Old August 23rd, 2009, 12:44 PM   #28
KB
Moderator
 
KB's Avatar
 
Join Date: Feb 2006
Posts: 11,825
Likes (Received): 6801

by forumer brightside

Taken on August 9th, 2009

KB no está en línea   Reply With Quote
Old January 26th, 2010, 06:06 PM   #29
waqas03
Registered User
 
waqas03's Avatar
 
Join Date: Jul 2009
Posts: 733
Likes (Received): 700

this is some crazy shit...

http://58.27.242.251:90/view/index.shtml
waqas03 no está en línea   Reply With Quote
Old January 28th, 2010, 07:29 AM   #30
Faddie
Back on the Track!!!
 
Faddie's Avatar
 
Join Date: Sep 2008
Location: Karachi
Posts: 566
Likes (Received): 210

Tooo bad weather for photography today, Fogggggy!!!
Faddie no está en línea   Reply With Quote
Old April 2nd, 2010, 03:51 PM   #31
KB
Moderator
 
KB's Avatar
 
Join Date: Feb 2006
Posts: 11,825
Likes (Received): 6801

Courtesy forumer oogabooga

from Dec 2009







KB no está en línea   Reply With Quote
Old April 2nd, 2010, 03:51 PM   #32
KB
Moderator
 
KB's Avatar
 
Join Date: Feb 2006
Posts: 11,825
Likes (Received): 6801







KB no está en línea   Reply With Quote
Old April 2nd, 2010, 03:52 PM   #33
KB
Moderator
 
KB's Avatar
 
Join Date: Feb 2006
Posts: 11,825
Likes (Received): 6801







KB no está en línea   Reply With Quote
Old April 2nd, 2010, 03:53 PM   #34
KB
Moderator
 
KB's Avatar
 
Join Date: Feb 2006
Posts: 11,825
Likes (Received): 6801

courtesy Shameer

Quote:
Originally Posted by shahmeer View Post
Update 15 feb 2010
image hosted on flickr
KB no está en línea   Reply With Quote
Old April 10th, 2010, 02:35 PM   #35
shahmeer
Registered User
 
shahmeer's Avatar
 
Join Date: Apr 2009
Location: London/Stuttgart/Islamabad
Posts: 3,755
Likes (Received): 9529

Update







image hosted on flickr
__________________
▇ ▇ ▇ ▇ ▇ ▇ ▇ ▇
P A K I S T A N
shahmeer no está en línea   Reply With Quote
Old April 10th, 2010, 02:48 PM   #36
Ashtonian
Registered User
 
Ashtonian's Avatar
 
Join Date: Nov 2009
Posts: 2,371
Likes (Received): 760

Shahmeer,
When is the completion expected?
Would this become the tallest building in Karachi?
Ashtonian no está en línea   Reply With Quote
Old April 10th, 2010, 06:19 PM   #37
shahmeer
Registered User
 
shahmeer's Avatar
 
Join Date: Apr 2009
Location: London/Stuttgart/Islamabad
Posts: 3,755
Likes (Received): 9529

Quote:
Originally Posted by Ashtonian View Post
Shahmeer,
When is the completion expected?
Would this become the tallest building in Karachi?
it should complete in June 10 inshallah
and yes it will become tallest building in karachi
__________________
▇ ▇ ▇ ▇ ▇ ▇ ▇ ▇
P A K I S T A N
shahmeer no está en línea   Reply With Quote
Old April 12th, 2010, 07:24 PM   #38
Ashtonian
Registered User
 
Ashtonian's Avatar
 
Join Date: Nov 2009
Posts: 2,371
Likes (Received): 760

Quote:
Originally Posted by shahmeer View Post
it should complete in June 10 inshallah
and yes it will become tallest building in karachi
How would this compare with the other tall buildings in Pakistan?
Are there bigger buildings in Islamabad and Lahore?

Last edited by Ashtonian; April 13th, 2010 at 01:17 PM.
Ashtonian no está en línea   Reply With Quote
Old June 9th, 2010, 03:29 PM   #39
Sherkhan
Registered User
 
Sherkhan's Avatar
 
Join Date: May 2010
Location: DC - Lahore
Posts: 65
Likes (Received): 79

Rs2.8bn building scam brewing in State Life

Wednesday, June 09, 2010

By Usman Manzoor

ISLAMABAD: All is set for the State Life Insurance Corporation (SLIC) of Pakistan to purchase a 24-storey building in Karachi worth Rs 2.8 billion despite serious reservations by a senior executive who termed this entire venture non-transparent suffering from serious infirmities and lacunas. The State Life is going to purchase a building named Centre Point from a builder who does not own that building himself and the Board of Directors is going to approve this project in its next meeting to be held in a few days, well placed sources told The News. The meeting of the Board of Directors was scheduled for June 7, 2010 but was postponed and will be held in the next few days.

Muhammad Yahya, Executive Director (RE/P&GS), State Life, has refused to sign this shady deal and submitted his note of dissent on 16-04-2010, saying the process was neither transparent nor properly planned to secure the State Life’s investment.

The chairman State Life was not available for his comments, however, General Manager Investment, Ansar Hussain, while talking to The News said that the case of Centre Point was lying with the Board of Directors for its approval. When asked about the dissenting note of Muhammad Yahya, ED (RE/P&GS), Ansar Hussain replied it is up to the BoD to approve the project as Centre Point was under consideration in State Life.

The implementation report of the decisions taken in the 211th meeting of the Board of Directors held on 19-04-2010, says: “Mr Aslam Faruque, Syed A Wahab Mehdi and Mrs Spenta Kandawalla were of the view that the State Life should offer a price of Rs 2.75 billion for the Centre Point project. Mr Ali Jameel of M/s TPL Properties (pvt) Ltd insisted on Rs 2.85 billion. The chairman broke the deadlock by arriving at a figure of Rs 2.8 billion which was agreed to by all concerned.”

The report also carries the dissenting note of ED (RE/P&GS) and says: “The chairman State Life placed before the Board a note dated 16-04-2010 received from Mr Muhammad Yahya, ED (RE/P&GS) on issues regarding investment and joint venture company viz Centre Point which is reproduced below:-

“I being the executive director (RE) have reviewed the entire process regarding the investment in the Joint Venture Company with M/s TPL Properties (pvt) Ltd. My review has led me to believe that the entire process is suffering from serious infirmities and lacunas. There are chances that we may end up with serious audit objections. Moreover, the process may also be questioned as non-transparent. Some of the concerns which I have are as under:-

a) The valuation done by M/s Oceanic Surveyors (pvt) Ltd for the project has not been supported by any concrete material evidence. Apparently the value is on the higher side. No document has ever mentioned the cost of land and the BOQ.

b) The valuators have relied on the properties on II Chundrigar Road, Shahrah-e-Faisal and Clifton, which are far prestigious areas than Centre Point.

c) The valuators have not mentioned the cost/make of equipment i.e. the elevators, co-generation plant and air-conditioning plant in their evaluation report.

d) Another serious concern which needs to be brought to the notice of the Board of Directors is the exact rentable area because it appears that M/s TPL Properties (pvt) Ltd have increased the total saleable area from 161,722 square feet to 196,618 square feet without any increase in the carpet area. It needs due diligence to know as to how an area can be increased without increase in number of floors.

e) Another important factor is that when the State Life was considering the outright purchase of the building M/s TPL Properties (pvt) Ltd had given assurance about the definite income stream from the day one through M/s Unilever Pakistan, which is now missing. The terms show that before April, 2011 all payment of Rs1.4 billion will have been released, thus how will the State Life protect the default?

f) The agreement should have a clause that in case of misrepresentation and concealment of facts as it stands before the signing of the agreement should render the agreement null and void ab-initio.

g) State Life will have no control over the quality of work/cost. Therefore, it is suggested that all expenses subsequent to the agreement with the State Life should be certified by a project manager to be appointed by the State Life and checked with the BOQ before release of payment to the contractors.

h) The capacity in which the Jamil Group would be executing the agreement should be clear as to who would make the payment of stamp duty on increase in authorised and paid up capital from Rs 10 million to Rs 3 billion.

i) Copy to audited accounts of M/s TPL Properties (pvt) Ltd should be kept on record.

j) There should be no encumbrances and lien on the property before State Life enters into agreement.

k) Transfer of property from A&A associates to the TPL Properties (pvt) Ltd should be completed before the deal is executed.

l) All legal documents to be executed by the State Life should be vetted/verified and cleared by the Legal Affairs Division of State Life and Legal Consultants of State Life.

m) The Joint Venture Company should be listed on the Stock Exchange before any initial payment is released.

In nutshell, the decisions pertaining to the Joint Venture Company have not been discreetly examined nor proper due diligence has been made.

In the light of the above observations, I being the executive director (RE) and a member of the Real Estate and Investment Division Committee respectfully refuse to sign any agreement in this context with any entity.

It is further proposed that the real Estate Division and M/s NESPAK the Real Estate Consultants be advised to technically evaluate the entire project, especially keeping in view the nature/make/origin of equipments that will be installed at Centre Point.î
Sherkhan no está en línea   Reply With Quote
Old June 9th, 2010, 03:29 PM   #40
Sherkhan
Registered User
 
Sherkhan's Avatar
 
Join Date: May 2010
Location: DC - Lahore
Posts: 65
Likes (Received): 79

I guess its good that there is a buyer for the building...?
maybe it will encourage them to build at a timely pace..
Sherkhan no está en línea   Reply With Quote


Reply

Tags
karachi, tower

Thread Tools

Posting Rules
You may not post new threads
You may not post replies
You may not post attachments
You may not edit your posts

BB code is On
Smilies are On
[IMG] code is On
HTML code is Off

Related topics on SkyscraperCity


All times are GMT +2. The time now is 06:56 AM.


Powered by vBulletin® Version 3.8.11 Beta 4
Copyright ©2000 - 2017, vBulletin Solutions Inc.
Feedback Buttons provided by Advanced Post Thanks / Like (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

vBulletin Optimisation provided by vB Optimise (Pro) - vBulletin Mods & Addons Copyright © 2017 DragonByte Technologies Ltd.

SkyscraperCity ☆ In Urbanity We trust ☆ about us | privacy policy | DMCA policy

Hosted by Blacksun, dedicated to this site too!
Forum server management by DaiTengu