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(753)

Market Pulse & DHA Files Rates Updates By Lahore Real Estate® January,10,2022

Monday, January 10, 2022 04:47 PM PST

Reply:

Market Pulse & DHA Files Rates Updates By Lahore Real Estate® January,10,2022

Market Pulse & DHA Files Rates Updates By Lahore Real Estate® January,10,2022

Visitor replied on Monday, January 10, 2022 09:52 PM PST

Dear CMY Sb,

Please advise in detail about the current market situation of Lahore smart City both commercial and residential. where it stands now and what are future prospects. there is lots of satta seen in the market. is the own on files is realistic or artificial. what is stable market condition about LSC. thanks

(752)

Shoaib

Tuesday, August 6, 2019 05:11 AM PST

Reply:

Good Old Days...... Those time did not remain nor current will last.

Well we cant live in past but we can learn from past..... Many govts come and go but decade after decade property price kept on increasing. :pkf :cl

dxb replied on Tuesday, August 6, 2019 02:13 PM PST

please take into account time value of money

Khan88 replied on Tuesday, August 6, 2019 04:22 PM PST

Also the post shows that property is over valued right now and should fall substantially!

Pakistani replied on Tuesday, August 6, 2019 05:13 PM PST

Khan88 No it shows in 2028 prices will ne four times more high.so buy now.

Khan88 replied on Tuesday, August 6, 2019 06:10 PM PST

@pakistani

I dont disagree with your statement but I think slightly differently as well.

Prices will be 16 times the price in 2020 (yet to come) but only 8 times what it is now

(751)

KSR

Saturday, August 3, 2019 05:34 AM PST

Reply:

For Sale

DHA Multan , Phase 1, Sector D, Plot 452
::Features::
1) back of main boulevard
2) close to commercial
3) close to play area
4) close to park
5) direct access from Main Boulevard 300 ft road
6) partially developed sector
7) close to DHA Villas in sector C

DEMAND 55
:sh:

Ali replied on Saturday, August 3, 2019 04:37 PM PST

Zara sabar. No buyers in the market.

Failed Project replied on Saturday, August 3, 2019 06:32 PM PST

@KSR
No one will buy this plot in 40 lacs even. dont b over smart by manipulating in features... these features are actually negative like, close to commercial etc...

kashif gulzi replied on Saturday, August 3, 2019 06:41 PM PST

Abhi sabr kro bhai no buyer and unrealisitic price..

Aiqbal replied on Saturday, August 3, 2019 06:44 PM PST

DHA Multan will be under immense pressure as there will be huge amount of plots available in market and will be no buyers.
very small roads in maps and most of the plots on small streets.
Not much space for mosques and parks etc,,
most of sectors with land not fully acquired b DHA, not surre what will be in this land plots or park or commercial or may b graveyard.
people are disappointed same as the first balloting where DHA made 9 billion profit on non refundable applications.
people with installmen files @68 lacs hav no way to go out...
stay tuned...

KSR replied on Saturday, August 3, 2019 06:57 PM PST

@failed project
It looks like Bhai Ka plot bad location Ka Aya hai !!! Koi BAAT Nahi inshallah it would be good.
I suggest to keep it hold tightly don't be panic things would be alright gradually.
By the way plots direct access from MB and close of MB commercial are wonderful choice in today's world.

Soon when Govt would fail to get revenue from property market ultimately it would reverse its policy within this year.

Most of the overseas Pakistani invest 5 to 6 billion USD every year in property market and if they would stop it would not only reduce the revenue but also minimize the remittance so ultimately Govt will have to change its policy

Good Luck

Habib replied on Saturday, August 3, 2019 08:14 PM PST

Your demand is OK if you wait for 3 years 😊.
Look at the huge supply of plots.
DHA administration has messed it up.

Abdul Ghafoor replied on Sunday, August 4, 2019 12:02 AM PST

I agree to KSR. Or rather I hope what KSR is saying happens. Currently gov is taking strict actions due to FATF too. Once FATF sword goes away, may be government can show some leniency in its policies. The prices are not down due to taxes ( tax increase is not over the top ). Prices are down because FBR is looking into people who are buying properties/cars etc. So anyone with black money is keeping it hidden instead of parking it in property.

Nabeel� replied on Sunday, August 4, 2019 08:30 PM PST

This is a good block near Bosan road, don't believe should sell it as this area is being developed with villas.

(750)

Government lifted up the restriction of 5 Million

Tuesday, June 11, 2019 10:17 PM PST

Reply:

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.
For All Buying/Selling & Your Queries Please Contact
Chaudhry Mujahid Yasin

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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.

(749)

Abdul Ghafoor

Monday, February 11, 2019 11:41 AM PST

Reply:

What will be impact of new FBR rates on prism 1-kanal plots. Previously non filers were able to buy 1 kanal as it was priced at 45 lakh. Now the new rates of 54 lakh will make them non-purchaseable for non filers?

wow replied on Monday, February 11, 2019 04:24 PM PST

wow, its a great change

thinker replied on Monday, February 11, 2019 05:28 PM PST

Exactly. So even less buyers now. The Govt plans to increase it further in the next budget in June to bring it to 80% of actual value. I see further drop in prices after that. Secondly you have to justify a much larger amount to FBR after the increase.

Shedha Telli replied on Monday, February 11, 2019 07:14 PM PST

Abdul Ghafoor, Ab Khoush Ho

Abdul Ghafoor replied on Tuesday, February 12, 2019 01:54 AM PST

Sir iss may khushi ya ghum ki baat nhi. I wanted to buy 1 kanal plot. Should I wait till budget or buy now?

Ghum replied on Tuesday, February 12, 2019 12:35 PM PST

5 year wait karain Imran Khan ke jane tak

asad khan replied on Tuesday, February 12, 2019 03:02 PM PST

Dear All, real estate sector is being destroyed in a planned manner.Very cleverly planned game. It started in July 2016 & no government how patriotic will undo it as it is beyond them.
Regards

Ali replied on Tuesday, February 12, 2019 03:02 PM PST

Wait and see the property blood bath. Its obvious on the horizon :)

Visitor replied on Tuesday, February 12, 2019 06:09 PM PST

Dear Asad Khan. would you explain who playing this game and why. is real estate no more investment heaven forever or after some years it will rise again?

Thinker replied on Tuesday, February 12, 2019 09:04 PM PST

Government needs more taxes. They have already squeezed salaried class, max tax on petrol and diesel, witholding tax on everything, 200 percent duty on cars. The only sector left was real estate. Govt knows that people invest all their money in this sector, so it knows that it can get billions from it. Taxes on this sector will continue to increase, plus FBR will go after anyone who invests a large amount in property. Therefore the sector will not see the kind of gains it saw from 2102 to 2106 when plot prices tripled in 4 years. Now prices will stay stagnant for the next 4 to 5 years

Nabeel� replied on Tuesday, February 19, 2019 02:38 PM PST

Very major impact. Most buyers are non-filers, this will reduce dramatically the pool of buyers of 1 Kanal Prism.

(748)

visitor

Tuesday, January 29, 2019 04:00 PM PST

Reply:

Real Estate Regularization Ploicy

Good Step by Current Governement

(747)

Imtiaz Hassan Khan

Sunday, November 4, 2018 02:47 PM PST

Reply:

Dollar vs Property

Dear Members
As compared to the property, do you think investing in dollar is a better option in short to medium term? Is rupee likely to depreciate further in the next one year and if yes then how much depreciation can occur? Please share your valuable thoughts

investor replied on Sunday, November 4, 2018 04:19 PM PST

If things continue like this, its clear there will be no rise in property in the next one year, however the dollar can go to 160. Historically dollars doubles every 10 years so if it was 80 in 2008 it should be around 160 by now. Here are dollar prices for the last 70 years

1968 - 5

Habib replied on Sunday, November 4, 2018 05:40 PM PST

If Dollar was 2008 in 80 then till 2017 it was 105, Lets Hope Rupee Recover, in 2008 it recovered 7,8 % vs Dollar, even it reversed 5% when Imran Khan took charge, However Due to Constant negative propaganda of economy by IK and His team it Slid again. Now After Saudi Aid Pakistan stock Market have gained about 15%. Still it is 25% Less than the 2015 peak But can Catch Up, If Current Govt and its team start behaving responsibly Dollar can be pushed down to 120. Too much weeping of Negative facts does not do any thing productive.
In short I don't feel that Dollar will be 160 end of this year,

Nomi replied on Sunday, November 4, 2018 06:11 PM PST

Property prices and rents in developed societies have been increasing throughout the last 5 years. The issues are with new societies w which are in development passes

Thinker replied on Sunday, November 4, 2018 07:17 PM PST

The increase in dollar is not linear. For eg it was 61 from 2001 till 2007 and jumped to 83 in 2008. There has been no increase in developed societies in the last two years.

Habib replied on Sunday, November 4, 2018 07:36 PM PST

@ Thinker, Property Prices are rising in Non DHA areas, for Example in Valencia the average Location plot is 160+ where as it was 130 exactly 2 years back, Model Town Land on Demolished Big Houses is being sold 20+ Lac per Merle Yes Only in DHA especially Prism the Price gain is static if You take into account 25% Currency devaluation in last 2 years then Loss is About 20 percent. In DHA Town prices have gained about 50% in 2 years 50 Lac Plot is 75 lac Now,
Point is there no rain in all areas,
DHA 9 Prism, Phase 7 and Ivy Green are Best Buys these days, as was DHA Town 2 years Back

Visitor replied on Sunday, November 4, 2018 07:52 PM PST

Nice to see Mr. Habib's comments in this post after long time. his valuable comments always help us to understand the property market.

Helping Hands replied on Sunday, November 4, 2018 11:44 PM PST

Brother these days property is very slow and in slow property always invest in developed societies that will gain much more than under develop society.Look @ 9 town and dha phase 6 gain a lot as compare to prism.Look at walda town gained much more than Bahria orchard or other societies even Bahria Town also stagnant from last few years.
Best thing in slow market to invest in developed society where population is more than 30%.

Critical Thinker replied on Monday, November 5, 2018 01:59 PM PST

As Pakistan is going to IMF for another loan, IMF will definitely put the strict condition of depreciating the currency further against USD and also increase the interest rates. 150 to 160 USD to PKR seems quite realistic in next 6 months

Khan88 replied on Monday, November 5, 2018 05:14 PM PST

@Habib: Sir really appreciate and respect your knowledge in property but where it comes to dollar/other markets, your knowledge seems to be sup-par.

Rumors are per the IMF negotiation, they want dollar to be at 135 immediately and 145 until June 2018, another thing they want is to SBP to raise interest rate to up to 14%. if both of these happen, property market is dead for good two years. I expect it to be dead for another year anyway.

Khan88 replied on Monday, November 5, 2018 05:14 PM PST

Correction June 2019*

Nazir replied on Monday, November 5, 2018 05:20 PM PST

<<>>
@Habib; Sir, due to your long absence in this forum, I presumed that Real estate investment is No More.
However, as you have started educating and contributing, is still investment in real estate worth? If yest, kindly advise brotherly, where to to invest 10M rupees. By the way, I have not done any investment anywhere in last 2 years. Thanks and regards

thinker replied on Monday, November 5, 2018 05:51 PM PST

agreed with Khan 88. Interest rates have to above inflation rate by 3 to 4 %. Inflation will touch 10% in two months. Interest rates would go to 13% or 14%. People are emotional as they are invested in property so they think it will go up.