Lahore Real Estate Forum

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From Lahore Real Estate Dha Balloting Plots 5 Marla Residential Plots Recommended To Apply

From Lahore Real Estate Dha Balloting Plots 5 Marla Residential Plots Recommended To Apply These In Dha Rahber Phase Sector 2

F439@48
F440@48
F470@48
F495@52
F575@48
F582@46
F417/1@48
F417/1@48
F432/1@48
F432/1@48
K253@46
L329@57
L330@57
L331@57
L332@57



For Commercial Lahore Real Estate recomends any 8 marla plot in CCA2 of DHA 7 Y block. Area will be very high prices in 3 years.

DHA Lahore installment ballot available plots list Is Now Available Online and you can apply online via credit or debit cards. If won 15% amount will be needed in 30 days. If you lose processing fee is lost and non-refundable. Use this link to see all plot nos offered by DHA or to apply online for plots now. You must need CNIC POC or NICOP to apply. Plots are ready for construction or transfer right away after just 1st payment of 15%. All plots are for 3 years in in stallments payments.


https://ballotapp.dhalahore.org


Ch Mujahid Yasin of Lahore Real Estate ® +

waseem replied on Friday, September 18, 2020 12:38 AM PST 

These 5 marla plots are the best options for middle income group to invest/own/build. One gets a on ground plot on installments (if lucky.....).
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DHA Lahore Phase 9 Prism Latest Blockwise Rates Updates August 2020

DHA Lahore Phase 9 Prism Latest Blockwise Rates Updates August 2020

Hassan replied on Wednesday, August 26, 2020 05:14 PM PST 

Wow MashAllah PRISM on FIRE will soon cross 2 crore Psychological Barrier InshAllah

Prism replied on Wednesday, August 26, 2020 06:59 PM PST 

Prism has already broke 2 crore barrier soon updated on this site as well

FRH replied on Wednesday, August 26, 2020 07:12 PM PST 

Nobody is selling Prism plots even at very high price as CMY Sb. pointed out few days ago in one of his videos. Simply plots are not available for sale and consequently price is creeping up on daily basis. Appears that, once the possession is announced, normal to good location plots will be in 250-300 Lacs range same/slightly less than in Phase-6.

PRISM ,THE BEST replied on Wednesday, August 26, 2020 07:16 PM PST 

Dha phase 9 PRISM , is the best investment of today’s time.The prices of prism by Dec 2020,will cross 3 Crore......just matter of few months.

MHA replied on Thursday, August 27, 2020 11:11 AM PST 

sir update new rates PRISM , in actual Market rates are higher than reported here and availability is very short too ....

overseas replied on Thursday, August 27, 2020 06:39 PM PST 

This is just manipulating the price......It wil stablize the prices soon...... its logical price should not be more than 95-175 in any way. there is no need to buying in hury............ still possession is long way to go...... CMY just uploaded the viedeo on rumors bases info and prices jumped with no reason.

Prism replied on Thursday, August 27, 2020 07:26 PM PST 

From far its looks bad but from near in country its time to rock with Prism

Salman 777 replied on Friday, August 28, 2020 05:34 PM PST 

Prism realistic price should be around 200 to 225 lacs for good location plots by December 2020..It is still undervalued.It has a potential to gain upto 300 lacs plus within 2 years after possession.
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Wednesday, July 10, 2019 04:13 AM PST 
Payment of Plot in Dollars

I would like to ask people having experience in Pakistan Banking system that is it Possible to Issue a Pay order or Security deposit SDR in Dollars, I know that a Demand draft can be made but it Involves the payment through New York Banking system and Dollars are credited in 2 weeks,
With the widening gap between open and Interbank Conversion Rate and Banks do not even pay rates neat interbank this option can be of Value for the selling who is planning to buy Dollars after selling the plots we can mutually agree on Mid of Buying and selling rate. It will save money both for buyer and seller.
I can transfer the money by Cheque before transfer but that will Compromise the safety of deal

Ahsan replied on Wednesday, July 10, 2019 11:00 AM PST 

In Pakistan you cannot make payorders or any other instrument in USD for such transactions.
DD for specific purpose like fee payment can be made.
If you have USD account in Pakistan, you cannot even make a cross cheque to another USD account. :)

Ali replied on Wednesday, July 10, 2019 11:00 AM PST 

In Pakistan you cannot make payorders or any other instrument in USD for such transactions.
DD for specific purpose like fee payment can be made.
If you have USD account in Pakistan, you cannot even make a cross cheque to another USD account. :)

Overseas replied on Wednesday, July 10, 2019 07:38 PM PST 

Appreciate for experts guidance on FC accounts in Pakistan.
Normaly NRPs like to keep their saving in Pak in FC account in USD to avoid exchange rate fluctuation. Beside that they prefer to keep their option open to take their saving back abroad if need be. What is the legal status of such accounts if the acct holder is filer or non filer. What is the legal status if USD changed to PKR through money changer for any purpose including property purchse.
Wheather the bank will issue PRC if USD changed with bank on inerbank rate.
PRC is a requirment of FBR as proof of remittance which is tax free and FBR uses a word " through proper banking channel" then this very surprizing the money changer is doing bussiness in front of FBR office.

Ali replied on Wednesday, July 10, 2019 08:39 PM PST 

There is no restriction of opening FC account for non filers till now.
You always have to withdraw the FC and carry it to the money changer.
Once the remittance is into your Pakistani account (FC or pkr), there is trail. No worries.
There is no way in Pakistan that you can have inter-bank rate. You always have to go to open market.

Habib replied on Thursday, July 11, 2019 02:40 AM PST 

I guess Ali Your information is not updated, Coming back to Overseas
Yes an overseas Person or in lander can open an Account in Foreign Currency He should be filer for that this was implemented in 2018 end.
If you have opened a FC Account in Pakistan Before 2018, then you can not deposit any Dollars in that account until you are a filer. You can Draw Money inform of Pak Currency based upon interbank rate of market. I guess you cant draw Dollars as well
If You are filer then you can deposit or Draw Dollars, However to draw $ is tedious Process as Most of Branches will say we don't have cash Dollars.
In my case main purpose of opening Dollar account was to Purchase property, Keeping Dollars in Pakistan would Fetch me same rate as best remittance like tez Raftar UBL or HBL but before opening Dollar Account in Most cases I had to Complete the deal staying abroad, Like I am Hunting a Plot I will Finalize the deal from UAE, Transfer Money in Form of Rupee to My Pakistani account and then reach Pakistan to execute deal. Keeping Dollar Account gave me freedom that I could finalize any deal during my stay in Pakistan and arrange money within few Hours, Incase no lucrative deal then come back, money will not devalue staying in Dollars.
I almost always chased dollars through Bank for my USD account to PKR account. Once I asked money dealer to Come to bank and take dollars and deposit money to my PKR account, as I wanted to avoid handling cash. To my surprise he offered me the rate even lesser than Inter Bank Rate hence I thought why to Break money trail just for nothing or a nominal Benefit,
By the way to be a filer is very easy for overseas, FBR accepts you Passport and Foreign ID Card as an evidence and gives you active NTN in few Hours and Later You can File a simplified empty page for overseas Filer called 140 That also is accepted right away.
Without becoming filer you cant run FC account and Neither you can buy any property No matter 50 Lac or lesser so it is no more optional.
I never got PRC yes it is Possible to get and you can ask your bank but if you have valid money trail FBR will ask for it only if there is a serious case or notice against you.

Overseas replied on Thursday, July 11, 2019 05:01 AM PST 

Habib Sahib thanks for input. I made a mistake in 2015 . I sent USD in my account. Came to Pak , slected a house , asked my bank to change my USD , they refused as the interbank rate was falling. Had no option except to change with money changer and i suffered loss. Had to make pay order. Completed the deal and I returned. Now the amenesty 2019 came. I checked with lawers and declared all my assets as per lawer advice to get away ftom expected FBR notices.
It is adviseable to brothers , do not change with money changer especialy if you are buying property. FBR may ask for PRC. Always use propr banking channel.

Ahmed replied on Thursday, July 11, 2019 11:40 AM PST 

@Habib
What the procedure of getting interbank rate? Suppose I have USD account and I want to get it cashed at interbank rate. Where the money will be converted to, since my account is USD?
Could you please advice?

Ali replied on Thursday, July 11, 2019 02:08 PM PST 

Habib sahib, can u guide as tax return form for overseas is simple one, but u don't hv to mention if any property is bought, only has to show that more than half of year spent out Pakistan, but what to do with this property if in future you have been asked? I filed return last year through tax layer and asked him same question and he just this simple form to show half of time out country.

Irfan replied on Thursday, July 11, 2019 05:52 PM PST 

@Ali along with tax return, you should also submit wealth statement for declaring your property etc

Habib replied on Thursday, July 11, 2019 10:59 PM PST 

Ahmad, It is very easy if you have USD and Rupee Account in same bank, I go to manager and ask to credit some USD in my PKR account, He sends an email to their Head office in Karachi, the reply Comes with in 20 minutes that we are offering this rate this rate usually very Close to interbank buying Rate Like Interbank buying rate is 156 Rs per Dollar they offer you about 155.45 for example, They tell that is spot rate, But I understand they want to Keep some Margin from Max Interbank Rate, It is advisable to forward request at about 10AM and Rate is a bit more, Towards the closing time they offer less.
MR Ali, there are 3 steps
First you should get Password and Pin by Registering to FBR Iris site , For that you should have a working sim and not previously registered with any other name FBR system preferably should be in your name. Best time to Register it on day time at night time mostly sever errors come.
Second is your registration form that already laying there you go to drafts and see it and make changes to it, If you are overseas preferably Mention in Property address the Overseas address, If you don't own that property Mention its value 0 , you will have to mention the percentage ownership this is system glitch you can mention 1%, Like I mentioned that I am staying in an Apartment arranged by Employer and its value is 0 and my ownership is 1%. to support that you can make one attachment of your Passport front visa and Exit entry Pages and submit it in Place of ownership proof, you may submit the Electric bill or any other municipality bill of that residence if your mane is shown on that. Then you submit,
soon Confirmation Comes and they issue a Tax payer certificate and your becomes active Tax payer. It is Optional to go to declaration and submit a 114 Form for overseas who have zero income in Pakistan it is one page simple form as you declare yourself non resident [staying more than 183 days outside Pakistan] You can sign it blank. Or if you have paid any tax in previous year in non filer rate you can mention and get refund in form of Tax Credit{I did not go to that detail] My main purpose was to remove the restriction from my dollar account and I informed my Bank who did all the amendments within one day.
The Last Step can be asset declaration as It is Clearly mentioned in Q&A of FBR site that for overseas that assets declaration is not mandatory for overseas unless asked by Commissioner then you will have to do, I did not do that.

Habib replied on Thursday, July 11, 2019 11:11 PM PST 

@ Irfan wealth statement is not mandatory for the overseas, However as I mentioned if asked I will have to submit, that too should not be difficult. My main purpose was to Document in FBR system that I am overseas, other wise Notices from FBR were must based on Property Transection or Bank deposit more than 5 Lac.
NADRA FBR system is different it shows what data FBR have against your ID Card Number, They have Travel History, Property transection list in last 2 years Cars under your name and Possibly Bank accounts, They Don't display all the things like balance etc due to sensitivity or incase your password is hacked.
As I told before to remain NON-Filer is not optional anymore.

Ali replied on Friday, July 12, 2019 06:59 PM PST 

@Habib sab
One question please.
How to get a foreign remittance certificate? And from where to get it?

Overseas replied on Friday, July 12, 2019 08:06 PM PST 

Ask your bank in Pakistan. Your bank will provide PRC if you have remittance in your Pak Rps account. Or if you have remitance in FC account and you have asked your bank to change you FC to PKR on interbank rate then you can get PRC for that alongwith other remitances. Further your bank statement is also a proof of temitance and you can ask the bank for PRC if it is really required. One lawyer told me your remitance should be executed through pproper banking channel ,means amount should be remitted through bank and not throough money changer from abroad.
Mery bhai Humara system kch esa hey k kabhi poora hathi guzer jata hey or kisi ko pta nhi hota or kabhi hathi ki dom key ek baal ko paker liya jata hey.
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Sunday, February 3, 2019 06:46 PM PST 

Foreign Currency accounts in Pakistan have a bad history. Some may not have long memories and some of the members may be too young to remember but the people who suffered do.

Let me remind you about what happened to the foreign currency deposits in 1998.

In the aftermath of the Atomic Tests by Pakistan on May 31, 1998, at Chaghai, (in response to the Indian 2nd atomic Test) the US imposed sanctions on Pakistan and the IMF suspended disbursements to Pakistan. Fourteen other countries including Japan followed the US and suspended aid to Pakistan. The direct effect of this was that Pak Rupee declined from 46 to a US dollar to 63 by mid-July 1998.

This prompted the then PML-N gov’t to freeze Foreign Currency accounts. Later these were reopened but one could only withdraw in Pak Rupees at the rate prior to devaluation. In other words, the foreign currency account holders lost nearly 30% value through no fault of theirs.

The income earned by the overseas Pakistanis (except for a very select few) is literally from the sweat of their brow. Should the economic conditions fail to improve considerably, what guarantee is there that something similar will not be repeated?

The proposed scheme is no doubt very good because the interest rate offered is at least 50% better than what you get in the UK/US. However, even though for the sake of Pakistan I hope it succeeds, I do not think that overseas Pakistanis have sufficient trust in the stability of Pakistan’s currency to pour in billions of dollars.

OVERSEAS replied on Sunday, February 3, 2019 07:22 PM PST 

Huge amount was withdrawn by policians, prior to above action, which they kept ready for selling in the open market. I was paid at 46 Rs/$ against my lifelong saving in bank. Finally I had to buy $ at high rate from these corrupts.

thinker replied on Sunday, February 3, 2019 08:13 PM PST 

Couple of observations regarding this issue
1. In the US and UK if you earn interest even on foreign deposit or bonds you are required to pay income tax on it. The tax rate is around 30%, so effectively after paying tax they will be getting 4% return on these bonds and not 6.25%. If they invest in US treasury bonds which is considered the most secure investment in the world they get around 3.5%. So one can estimate how many Pakistani's would prefer this bond over US treasury bonds.
2. Even right now we are using up 1.5 billion dollars a month due to current account deficit, hence the default has only been delayed by a few months due to SA and UAE deposits but not averted. If the GOvernment does not change its policies we will run out of dollars in 6 months or so. (current reserves are 8 billion).
3. In the Dam fund overseas Pakistani's contributed a total of 7 million dollars, so we can guess that investment in these bonds wont be much either

PBCs replied on Sunday, February 3, 2019 09:32 PM PST 

In case of investor's death, is there any exit process defined for redemption of these PBCs by the legal Inheritors?

Ahmad replied on Sunday, February 3, 2019 10:08 PM PST 

@thinker: in US, Europe etc., you can hold certain amount of savings without paying extra tax. In West Europe, the amount limit is 30k euro per person. If a person invests more than 30k euro in Pakistan banao scheme, provided he has no other savings, he will not need to pay extra tax. Further, Pakistan currency is weak but after 3 or 5 years you can receive cash in Pakistan rupee which will yield more. Pakistan is facing several issues but our future is associated with this country. We should go ahead and invest in our homeland.

Khan Pakistani replied on Monday, February 4, 2019 02:52 AM PST 

Everybody are concerned about their returns! What about Pakistan and supporting your mother land?? Even if returns are breakeven! I sold too much land in Pakistan recently and kept all cash in Pakistan instead of moving them to North America legally and due to USD drop, I lost 30% of value. Still no sweat as long as funds are in my Pakistan.

Abid from brussels replied on Monday, February 4, 2019 07:25 AM PST 

Zinda baad brother Ahmad and khan Pakistani.
Pakistan will rise as long as like you patriotes are InshaAllah.
No land I found better than Pakistan with reference of taxes. Europe is surviving just on taxes.
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Saturday, February 2, 2019 07:44 PM PST 

Whether you invest in " pakistanbanao" or any other profit schemes. This all is "INTEREST" SOOD and that is Haram. Better to do and promote business or invest in property. Every year around 8 to 9 billion USD invetsed in property that is HALAL whereas profit / SOOD of all kinds is prohibited in Islam.

Ahmed replied on Saturday, February 2, 2019 07:56 PM PST 

True,

Ahmed replied on Saturday, February 2, 2019 08:11 PM PST 

Yes Imran bhai it is haram in islam. Btw according to islam taking a picture or getting photographed is also haram, so you dont have a picture on your ID card or passport?
Lets not get into this discussion of halal or haram here it is a never ending very contextual question.

Thinker replied on Saturday, February 2, 2019 09:15 PM PST 

Hoarding something so a shortage is created and prices increase is also Haram, so buying a plot on which you dont intend to build a house, then you are creating a shortage for a genuine buyer and increasing the price for him. I think that is Haram too.

Imransheikh replied on Sunday, February 3, 2019 12:22 AM PST 

@Ahmed , brother, there is no second opinion in Islam on Sood/Profit. !!! Clearly prohibited , all scholars are agreed on it.
Whereas ID and passport pic are today's requirement because of dishonesty of people and different School of thoughts available, some says Yes to pic and other says No !!!
@ Thinker, brother, it all depends on NIYYAT regarding hoarding, buying plots, increasing price deliberately, all our actions are related with NIYAT.I read and listed to many liberal and strict scholars everyone says that profit/SOOD is strictly forbidden in Islam, no second opinion.

Waseem replied on Sunday, February 3, 2019 01:16 AM PST 

@Ahmed,

Where in Quran it is written that taking a picture is Haram ? For interest it is clearly mentioned though.

Hasan replied on Sunday, February 3, 2019 03:33 AM PST 

What ever you say. Our nation is unique. Till the real estate investment was fruitful, interest is haram etc. When property is doomed and there is option for high profit they will turn towards dollar certificates. No halal haram fatwa will work. All want profit. Where is it maximum. Period.

Imransheikh replied on Sunday, February 3, 2019 03:51 AM PST 

@ Hasan , you are right , but Allah does not give Fatwa , He orders to keep yourself away from SOOD and so called profit.
In the presence of Quran and Sunnah, we don't need any kind of FATWA.

Profit replied on Sunday, February 3, 2019 05:25 AM PST 

There is a difference between "Sood/Interest/Riba" and "Profit" so I would suggest that profit is very much halal so lets not mix up the two.

For example:
You build a house yourself and puts up the asking price of Rs. 100 no matter what might be the cost of building the house yet you have every right to ask Rs.100 or Rs.1000 or Rs.10000000 with a profit of 10% or 50% or 5000% because first of all you are not forcing anyone to buy your house therefore it is very much Halal, however if you have invented a life saving medicine and then put up a ridiculous amount of profit just to exploit the people as they cannot survive without having your medicine then its Haram.

So I believe it helps and secondly if someone can point out anything wrong in this would gladly love to know.

User_6006 replied on Sunday, February 3, 2019 06:48 AM PST 

State ,Govts have different position thn indvidual.when state can give subsidies in hajj which jlis only applicable if people can afford thn how come state given policies can come under haram sood it should be call something else and its not like dealing with indviduals so national based scheme is not haram and people should help their beloved country under GOD.

ZB replied on Sunday, February 3, 2019 10:30 AM PST 

Well said by Brother Imran Sheikh sb..... sood is haram in whatever form it is, clearly mentioned in Quran e Pak

Curious About Islamic Law replied on Sunday, February 3, 2019 05:59 PM PST 

If "SOOD" is haram, then why Government of Pakistan paying 3 or 3.1 % interest to Saudi Arabia and why Saudi Arabia is taking "SOOD" ? I am talking about dollars we borrow from Saudi Arabia and UAE?

OVERSEAS replied on Sunday, February 3, 2019 07:10 PM PST 

Sood is haram and there is no argument over it. It is haram under the same circumstances as prevailed 1500 years ago. i:e certain amount from an individual paid to other individual who is in need for certain period for returning with a fixed overhead+actual amount.
Above conditions seem different from today when I buy these PBC or I keep money in fixed
deposit in bank basis I am not dealing with an individual in need.... yani.......
"Mey kisi insan ki majboori sey faida nahi ley raha."
Instead I am dealing with institutions having all kind of bussiness experties.

However I stay in doubt on above.
Pls guide . Thanks

Imransheikh replied on Sunday, February 3, 2019 11:14 PM PST 

@ overseas
If I accept your justification by dealing and getting profit from there then SOOD becomes HALAL.
YEHI to Rona hai society ka that we all need profit with money without work . Buy commodity physically and get either profit or loss that is only HALAL with good NIYYAT

OVERSEAS replied on Monday, February 4, 2019 02:30 AM PST 

What about rent. ? . Instead keeping the money in bank deposit , one buys a house and give to individual for returning the same after fixed period alongwith fixed additional money as rent There is no selling of house on profit or loss and money as rent is being earned without work similar to profit paid by bank..

dxb replied on Monday, February 4, 2019 03:07 AM PST 

brother @overseas

your understanding has a basic missing element when it comes to sood.

If i buy 100 houses and give on rent then its pure islamic? why? because there is a physical entity (house) involved. I purchased a tangible asset and rented it out.

in this PBC certificate, I am handing over money to other party with no knowledge of how they are going to utilize it or how they will earn profit? we are not purchasing a physical/tangible asset.

its a money deposit scheme with promiss of more money returned in future. Purely unislamic
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Saturday, October 20, 2018 12:49 PM PST 

I think its time for everyone involved in the property business to reevaluate their future course of action. The past has been very good and profitable but making predictions on past performance can lead to loss. There are far too many factors going against the property business in Pakistan. Some of them might be temporary but some will be permanent. Here is the list that I have compiled

1. FATF is not satisfied with money laundering laws and has identified real estate as the main place where black money is parked. They have given 6 months to Pakistan to make a system to track every single transaction for source of funds.
2. FBR is sending notices to anyone who buys expensive property whether filer or non filer to explain source of funds and tax paid on those funds.
3. Non filers cannot buy property which is 99% of population
4. Overseas Pakistanis can buy property only if the entire amount of the deal is sent within the last two months only.
5. Out of a total of 9000 registered housing societies in Pakistan, 5800 have been declared illegal by the higher courts.
6. All big property investors and developers are under investigation for one reason or another including Malik Riaz.
7. Rupee losing value has discouraged foriegn investors to convert their dollars into rupees and invest in rupee based assets.
8. Most property is already very expensive for Pakistanis.

Shahid1 replied on Saturday, October 20, 2018 02:08 PM PST 

It may take time but eventually country and people will adapt to new financial regulations. And real state will have healthy steady gains in future.

Gone are the days when prople used to get rich overnight in real state. Even today, for example whole commercial Broadway in DHA is on sale and nobody is buying it.

Tufail replied on Sunday, October 21, 2018 12:02 AM PST 

Actually we as a nation are addicted to become rich overnight irrespective of haram or halal sources
No doubt real estate sector has been earning huge chunks in the past
But now its time to accept the legalities of the system and declare ourselves a law abiding and respectful citizen of the country.

Overseas replied on Sunday, October 21, 2018 10:45 PM PST 

Good effort to giide overseas.
Overseas are also blocked on sone ways as people save their monthly incom over the years to buy property. Now it means they have to save abroad over the years and send it on 60 days. On the other hand IK said to keep the saving in home country. Thry should know what rules they impementing.

hassan replied on Monday, October 22, 2018 04:21 AM PST 

complementing @Overseas - not only that if you save yaer outside and sending once to pakistan then you need another to justify that much amount which is not matching with monthly payment employer letter - salary statement and ,,,,, so on - what a government - salam government
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