Lahore Real Estate Forum

Monday, December 15, 2025 06:08 AM
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(77)
Tuesday, June 11, 2019 10:17 PM PST 
Government lifted up the restriction of 5 Million on purchasing of pro

Government lifted up the restriction of 5 Million on purchasing of property by non filers.
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Thinker replied on Tuesday, June 11, 2019 11:36 PM PST 

BUT capital gains tax to be taxed like income tax. So if you made a profit of 50 Laks you will have to pay around 30% tax on it like 15 laks or so.

Habib replied on Wednesday, June 12, 2019 02:00 AM PST 

Capital Gain tax upto 10 years is totally unexpected and unacceptable, The Whole purpose looks that Govt want people to Look around for other options, I totally agree for that but there is no safe investment for overseas other Property buying in reputed societies like DHA,

USA Doc replied on Wednesday, June 12, 2019 02:29 AM PST 

I agree !! This 10 year capital gain is total disappointment
If overseas Pakistani don’t invest in real estate then govt will loose lots of revenue
Someone need to tell govt to revert it to 3 years

Islamabadi replied on Wednesday, June 12, 2019 03:16 AM PST 

At the same time they have made new rule that who so ever comes to DHA or any authority for purchase transfer of plot, the non filer tax has been doubled and the when it DHA will deposit this tax to FBR, they will send all the details of non filer and soon that person will be sent notice by FBR. And non filing of returns is now an offence punishable for one year in jail

Altaf replied on Wednesday, June 12, 2019 03:17 AM PST 

Pls guide what about those who bought plots in past and the time period is over 3 years? Before there was no CGT on them what now?

Islamabadi replied on Wednesday, June 12, 2019 03:30 AM PST 

CGT is applicable when you sale it, if sold after 1st July CGT is applicable

Islamabadi replied on Wednesday, June 12, 2019 03:35 AM PST 

This is a good budget for genuine buyers who want to buy and construct home for their family. Certainly bad for property mafia, including the dealers, investors and hoarders. Government has tried to discourage people from investing in property which does not create any jobs when compared to business or industry.

Mirza replied on Wednesday, June 12, 2019 06:07 AM PST 

My 2 cents,

1. Market activity will slow down. Very slow
2. Sellers will try to avoid heavy CGT
3. Buyers will avoid FBR notices.

Consequently, less deals and stagnation. I think some people will try to sell before 1st july.

Secondly, Small properties will have less taxes, less profit and less CGT. It may work for some. But still it won’t change anything.

Zameen replied on Wednesday, June 12, 2019 11:26 AM PST 

Property market has grown very tricky now after budget. CMY your in-depth analysis is awaited.

Property Fullstop replied on Wednesday, June 12, 2019 11:58 AM PST 

The State Minister for Revenue Hammad Azhar in his Federal Budget for FY19-20 speech, proposed to increase immovable properties’ rates of Federal Board of Revenue (FBR) by taking it closer to about 85% of actual market value.
Also, he proposed that persons purchasing immovable property of fair market value greater than rupees 5 million in the case of immovable property and one million or more in the case of movable property may be required to purchase through a banking instrument other than a bearer cheque. A penalty at the rate of 5 percent of FBR value of immovable property is proposed for violation of this requirement. Further in case of violation of this condition, no depreciation allowance shall be available and purchase price for capital gain purpose shall also be treated as zero. Currently, the actual market rates are usually 5 to 10 time more than DC rate and 2 to 4 times of FBR rate.Furthermore, it is proposed in the Budget speech that income from capital gains may also be taxed under normal tax regime at normal tax rates. Income from capital gains on open plots is proposed to be taxed at 100% where the open plot is sold within one year and for period up to ten years. Income from capital gains on constructed property is also proposed to be taxed on similar lines when sold within period of five years. In case a property is sold within one year it shall be taxed as normal income. Tax shall be charged on 3/4rth of the income if the same property is sold after one year.

At present if a purchaser of an immovable property pays 3% tax on the difference between the DC value and FBR value of property, he is not required to explain the source of investment on the said differential amount. This is a permanent tool for whitening of undeclared money which is against the international tax norms.
Therefore it is proposed to withdraw the tax at the rate of 3% on differential amount. According to details, FBR had introduced valuation tables of immovable properties in major cities. The government says the rates notified by the Board are still considerably lower than actual market value. It is therefore intended that FBR rates of immovable properties would be taken closer to or about 85% of actual market value. As the increase in FBR values of immovable property is going to increase the incidence of tax on genuine buyers and sellers, it is proposed that rate of withholding tax on purchase of immovable property may be reduced from 2% to 1%. At present, withholding tax on purchase of property is attracted only if the value of property is more than four million rupees which is a loophole. There is a tendency to avoid this tax by splitting the transaction amount.

In order to stop the misuse of this threshold, the withholding tax on purchase is proposed to be collected irrespective of the value of property. At present, there is no withholding tax on sale of property if the property is held for a period of more than three years. This is in line with the holding period for taxability of capital gain which is also three years. As capital gain is to be taxed under normal tax regime even beyond the period of three years, it is proposed that withholding tax on sale of property be collected irrespective of the holding period to bring it in line with the proposed treatment of capital gains.

Ali replied on Wednesday, June 12, 2019 12:22 PM PST 

Huge setback for property investors.
Government simply wants investors to invest in sectors that contributes to the economy.
No recovery in real estate sector any soon. Possibly a slump in the waiting!

M Zahid® replied on Wednesday, June 12, 2019 12:50 PM PST 

Property investment is no more an option other than constructing house. Go and look elsewhere for investment opportunity.

MBS® replied on Wednesday, June 12, 2019 04:51 PM PST 

Lack of incentive in property investment will directly impact the volume of Remittances as most overseas Pakistanis tend to invest in property only.
They can't really run or invest in businesses in this environment. So when you're shaking that up, you should know your GDP will plunge further as these remittances make an integral part of our GDP.

I don't know where are we going in this confusing state of affairs? The government is either very callous or totally clueless about what to do?

MBS® replied on Wednesday, June 12, 2019 04:57 PM PST 

All i see and hear from government ministers is excuses and blame on previous politicians as if they are still competing for Elections.

No talk or strategy shared until now as to how they plan to handle this economic situation in mid to long term.

Can someone remind them that they are here to work and perform not for the election campaigns on media?

Habib replied on Wednesday, June 12, 2019 08:58 PM PST 

This will erode economy Further than Helping
At present most of Buyers are overseas and slump in property market will decrease remittances
Making sale and Purchase more and more difficulty by imposing more taxes and Capital gain Tax will cause lesser transection in other word less revenue for the Country as already has Happened.
Capital gain Tax will not only discourse investors but also Builders, These are the back bone on the sector and possibly the only way invested money is translated into Jobs and welfare of people, this will result of Loss of Jobs of peoples who are related to Construction Business.

User_6006® replied on Thursday, June 13, 2019 02:23 AM PST 

Everyone of you should download citizen portal app and launch a suggestion to PM that how govt going to miss lot of tax due ti sluggish new policy of property taxes.i can give you simple example if uber raise their fare captains will get more fare per one customer but total no of customer will be reduced and waiting time will increase and in end tegy will be in loss.

Ali replied on Thursday, June 13, 2019 11:16 AM PST 

@User_6006
"simple example if uber raise their fare". Now we know from where all this "wisdom" was coming.
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(76)
Tuesday, March 12, 2019 11:58 AM PST 
Owner abroad

Aoa.. I have a question need a prompt reply. My sister is owner of a plot in dha town she is going abroad in April wont be coming back soon. What can be done if i want to sale that plot in her absence. Does power of attorney works in such cases when u want to sell a plot in absence of real owner.? Thanks

Mushtaq replied on Tuesday, March 12, 2019 07:52 PM PST 

Yep any lawyer can give you the paperwork to do it. Oh, and Just tell your sister to her face that you are planning on robbing her. I hope you go to hell.

Adnan replied on Wednesday, March 13, 2019 03:00 PM PST 

Mr. Mushtaq, that was not nice, you do not know if someone is lying or telling the truth, so be civilized. Altaf.. I was once told that DHA does not accept sale of plots through POA. However, LRE may clarify, you can also check with DHA and advise on this forum. I am also out of Pakistan and would like the possibility of being able to sell without having to come to Pak.

Mushtaq replied on Wednesday, March 13, 2019 06:53 PM PST 

don't you dare tell me what to say Adnan. watch it ok. or you will suffer the consequences.

Altaf replied on Wednesday, March 13, 2019 10:25 PM PST 

Mushtaq saab thank u so much for ur kind reply and a show of ur uncivilized thinking. When u reply by virtue of stereotype u r making a fool out of urself. Anyways although i dont have to but will still clarify that it was my plot I invested in my sister's name so I have all the authority to do whatever I like with it. May Allah swt reward u for cursing ppl to hell. He is the best judge.

Lahori_guy replied on Thursday, March 14, 2019 07:50 AM PST 

@Altaf - In DHA you can sell plot while owner being overseas. Its bit long and cumbersome process. Check DHA website and see section Foreign Transfer (Seller Abroad) https://dhalahore.org/transfer-procedure/

@Mushtaq - God bless you

Lahori_guy replied on Thursday, March 14, 2019 07:50 AM PST 

@Altaf - In DHA you can sell plot while owner being overseas. Its bit long and cumbersome process. Check DHA website and see section Foreign Transfer (Seller Abroad) dhalahore.org/transfer-procedure/

@Mushtaq - God bless you

Mushtaq replied on Friday, March 15, 2019 01:53 AM PST 

yeah right Altaf, good excuse.

Altaf replied on Friday, March 15, 2019 05:43 PM PST 

Mushtaq get well soon

Adnan replied on Friday, March 15, 2019 05:47 PM PST 

Thank you gentlemen for your kind replies.. and mushtaq sahab it’s neither wise nor civilized to be threatening someone of consequences on a public forum. You are either very well connected so you think you can get away with anything or are just a plain uneducated fool. Either way you should be banned from this and all other public forums where decent people communicate.
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(75)
Wednesday, October 11, 2017 02:03 AM PST 
Story Behind State Life 2

There are few rumors these days for State Life Phase 2; since I have 4 plots over there and stuck there for past 8 years due to their worst management and now due to such amours I decided to visit State Life Office to find out the real story behind it.

So what I am told that this time State Life Management is very serious to finish this issue of less land and more file being sold and they are soon going to conduct annual meeting of final 14 marlas for 1 kanal and 7 marlas for 10 marlas plot holder. For 5 Marlas, there would be an option of refund or pay more to get plot.

This time they have pressure from LDA and NAB also, even I was told that many would be dragged by NAB if the management do not take adhere them.

Also NAB seems like very active for such societies who are in deep shit since long.

So I guess who ever is "leaking" such news that "State Life Is Coming" is somewhat true. they would be announcing the annual meeting date in December. I was also told told that is high demand now for the prices and enquirers for State Life.

Allah Knows The Best!!!

Naeem Hussain replied on Wednesday, October 11, 2017 02:54 AM PST 

so if i buy 1 kanal now i should keep in mind its actually 14 marla?

Altaf replied on Wednesday, October 11, 2017 05:26 AM PST 

Yes Naeem, you would get 14 Marlas instead of 1 Kanal.

Think in a different way; State Life 2 is all over surrounded by DHA and exactly on Ring Road. In that area, you can no way get the plot for 5 Marlas for which you are going to buy for 14 Marlas (or so called 1 kanal). So it is Win Win game.

Also I cautioned you that it is a dead society for past 10 - 12 years and we are having great hope it would mature soon thats why no dealer is talking about.

Once matured hopefully within a year, price would sky rocket and one one can deny that.

Ali DXB replied on Wednesday, October 11, 2017 05:28 AM PST 

I am somewhat agree with Altaf. no society in that are is close to the price of SL2 but the only risk factor when it would mature. I was having some extra cash and I bought 2 plots earlier this year with the same hope as Altaf said

SL2 replied on Wednesday, October 11, 2017 08:51 AM PST 

Location is ideal and in this price you will not get anything but again it is timing dont know how long it will take, I have SL2 1kanal since last few years, is it converted to 14marla, or I have to visit their office to convert it to 14 marla, can someone provide information.

Mahmood® replied on Wednesday, October 11, 2017 06:12 PM PST 

this is the most optimistic solution what Mr Altaf assumed however there may be other scenarios to keep in mind. All members will not agree on any single scheme of settlement and from there the nightmare will continue, court cases stay order litigation. In addition to short of land the society will require funds to develop the society which is currently with deep pit holes that will be huge cost.

Farooq replied on Friday, October 13, 2017 04:07 AM PST 

I agree with Mahmood. The location is ideal. However, the management.... either wait wait & wait or sell and move-on.

Farooq replied on Friday, October 13, 2017 05:08 AM PST 

There is one more problem; the land is full of rocks and great depressions? True?

Farooq replied on Friday, October 13, 2017 05:17 AM PST 

and don't forget to think about the Opportunity cost of holding the plot in State Life 2. If you have no idea what is meant by "Opportunity cost", ask any kid in your family who is studying economics in FA or BA
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(74)
Thursday, November 20, 2014 02:46 AM PST 
WANT TO BUY IN STATE LIFE HOUSING PHASE 2 BLOCK CC

what will be the price of 1 kanal plot in block CC of state life housing phase 2, plot no from 333 to 412 or near about. it will be appreciated if LRE could guide in this regard as i want to buy a plot.

Thanks

Lahore Real Estate replied on Thursday, November 20, 2014 03:37 PM PST 

Dear Sir,
If you are interested to buy there do give chance us to serve you. For detailed discussion contact

CH Saeed
Lahore Real Estate
03224333661
info@lrepk.com

ALTAF replied on Monday, November 24, 2014 10:19 PM PST 

Mr Saeed can u give the estimated price, pl
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(72)
Thursday, February 14, 2013 04:08 PM PST 
CONGRATULATION LDA AVE 1

:cl :cl :cl :cl :cl :cl

Nasir replied on Thursday, February 14, 2013 11:39 PM PST 

Good news for Allottees of LDA Ave 1

allottee replied on Thursday, February 14, 2013 11:43 PM PST 

supreme Court k action k bad ab omeed hai k LDA Avenue ka possesion jald mil jahai gha.LESCO Next hearing 4 march 2013 say pahlay e electric supply ka masla hal kar day ghee

Farhan replied on Thursday, February 14, 2013 11:46 PM PST 

All plz thanx Allah and the petitioner Malik Tariq for his long contenious struggle

noor replied on Friday, February 15, 2013 12:13 AM PST 

LESCO try to be completed electric work before next hearing , other wise supreme court take action against LESCO cheif.

Musa Raza replied on Friday, February 15, 2013 12:33 AM PST 

After this news I hope that possesion is near Inshallah

Asad replied on Friday, February 15, 2013 01:18 AM PST 

Hats off to Malik Tariq sahib for his untyring efforts.

Abdul replied on Friday, February 15, 2013 10:53 AM PST 

What about under litigation plots in LDA avenue 1 ?

Asad replied on Friday, February 15, 2013 11:25 AM PST 

I think LDA people will try to give chakar to supreme court regarding the litigation problem.

shahid replied on Friday, February 15, 2013 12:06 PM PST 

Whether this case covers litigation plots? And who is the petitioner?confusion on name and contact

Nawaz replied on Friday, February 15, 2013 03:41 PM PST 

The case covers all the area and the eleven thousand plot holders, The Apex Court had issued directions to LDA to submit comprehensive report about the petitioner, I have seen that and report available with the petitioner. The petitioner has really made tremendous efforts and all the pl;ot holders should Thanx the Almighty Allah and the petitioner

Intiaz replied on Friday, February 15, 2013 05:40 PM PST 

We all plot owners must appreciate the efforts of the petitioner. As per my information possession was offered to him but he refused to receive the same until the development work is not accomplished.

shahid replied on Saturday, February 16, 2013 07:22 PM PST 

Thanks to the petitionioner and may Allah give him ager. I pray that this land scam prove to be the last land scam of Pakistan.

Roman replied on Tuesday, February 19, 2013 09:51 PM PST 

The LESCO has started work at the site

Hamza replied on Thursday, February 21, 2013 11:47 PM PST 

NOW LESCO KI TARF SE KIA PROGRESS HAI....ANYBODY UPDATE PLEASE

Tariq replied on Saturday, February 23, 2013 01:02 PM PST 

Thanx for compliments

Tariq replied on Saturday, March 2, 2013 10:09 PM PST 

The said case is now fixed for monday before Supreme Court, all to please pray for sucess.

Altaf replied on Saturday, March 2, 2013 10:12 PM PST 

The said case is now fixed for monday before Supreme Court, all to please pray for sucess.

Rashid replied on Monday, March 4, 2013 11:51 PM PST 

The petitioner Malik Tariq has really showed great struggle. Thanx to him.

Mansoor replied on Tuesday, March 5, 2013 07:07 PM PST 

We are thankful to MT. Experts!! pls inform -- how long to get confirm possesion in order to construct homes. How much electric work is completed so far. Any updated pictures for the scheme will be apprecaited.


Regards,

shahid replied on Wednesday, March 6, 2013 07:22 PM PST 

What about plots in litigation? Is there any plots or blocks still in litigation and are they transferable or not?

Tariq replied on Friday, March 8, 2013 01:38 PM PST 

Three Blocks are in litigation. which will be cleared very shortly.

Tariq replied on Friday, March 8, 2013 01:40 PM PST 

I am very grateful to those have appreciated my efforts. We all should thanx all Mighty Allah.

Mumtaz replied on Monday, March 11, 2013 11:57 AM PST 

Tariq Sahib who long more wait for Litigation matter.

Tariq replied on Monday, March 11, 2013 04:52 PM PST 

The (LESCO) Chief has submitted that they will require six months for the electrification work.

Abdul Rehman replied on Monday, April 8, 2013 03:06 PM PST 

Electrification / cabling work is started in Block F as well and almost 50% done in this block. Street Light on main 150' road is almost complete as lights are installed on polls. If anyone has any further update, pls hare

tanvir akhtar replied on Saturday, August 17, 2013 01:40 PM PST 

Tariq Sahib kindly can you update about status of plots in L block which were not ever said by lda under litigation and all dues were paid .Can i contact you on cell. would be grateful for your reply.

Hasan raza replied on Sunday, February 23, 2014 09:08 AM PST 

Salam, can anybody update about ave 1 case and especially blocks under litigation K, J etc. year before supreme court gave some instructions but still I dont see any movement in block K .
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(71)
Saturday, June 9, 2012 07:07 AM PST 
5 Marla Plot Construction

Dear all, i have plot in Bahria town Rawalpindi Phase 8 ali block so please guide me for construction of 5 Marla how much will be the cost for 5 Marla double story and can i start with 12 lacks as i have some saving and what is the best way for construction as i am out of country and if i will construct first floor so the second i can construct slowly as i think 12 lacks is not enough for double story construction so please guide me and it is better to construct now in phase 8 ali block are no.

Abdullah replied on Saturday, June 9, 2012 07:12 PM PST 

construction cost is around 1500 rupees, per square feet.
You can calculate how much area in sq.ft you plan to construct on your 5 marla plot, then you would know how much money you need.

1 Marla = 30.25 sq yards = 25.2928 sq m = 272.25 sq feet.
5 Marla = 151.25 sq yards = 126.464 sq m = 1361.25 sq feet.

construction area, 5 marla = 1361.25 sq feet * 1500 = 2041875 rupees

So you need 21 lac ruppes to start the construction for 5 marla single storey home.

/Salam,
Abdullah

Thanks replied on Monday, June 11, 2012 05:02 PM PST 

Dear Abdullah
please explain the type of Marla ? Of 16 Marla kanal or 20, please explain

Thanks replied on Monday, June 11, 2012 05:03 PM PST 

Dear Abdullah
please explain the type of Marla ? Of 16 Marla kanal or 20, please explain

MAB replied on Tuesday, June 26, 2012 03:34 PM PST 

There is house 01 kanal with grey structure (03 BD at groung and 03 bed 1st floor) in Architect society Lahore. Value of land is 34/35 lac. what should be it cost, i want to purchase it. Owner is asking about 75 lac. Please guide me in this regard.

Ahmed replied on Tuesday, July 24, 2012 06:28 AM PST 

As salam o Alikum,
I am overseas pakistani. Want to buy a house in DHA Islamabad (Phase 2 or DHA Villas) or Bahria Rawalpindi (phase 1 to 6). Which is a better place to live for my family?
Which is safe investment as I will be living out of the country most of the times.
Also please let me know the procedure of transfer?
ahmeds400(AT)ymail.com
you kind help will be appreciated.

Altaf replied on Sunday, August 25, 2013 02:43 PM PST 

Marla of 272 sq ft is agriculture or old british measurement now it is just 225 sq ft in a marla so 5marla means 5×225=1125sq ft... nd u need not to cover the whole of it...

Altaf replied on Sunday, August 25, 2013 02:44 PM PST 

Marla of 272 sq ft is agriculture or old british measurement now it is just 225 sq ft in a marla so 5marla means 5×225=1125sq ft... nd u need not to cover the whole of it...
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(70)
Sunday, July 17, 2011 05:55 PM PST 

Dear CMY

Somebody suggested me to Apply for Commercial Plot 4 Marla Phase VIII CCA1/CCA2 in DHA Ballot.
Kindly give your valuable comments should I go for it or there is another good choice. Jazak Allah

CMY replied on Monday, July 18, 2011 02:16 PM PST 

If possible try CCA 8 8 Marla commercial.
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