Lahore Real Estate Forum

Monday, December 15, 2025 04:41 AM
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(1246)
Monday, February 20, 2017 11:22 PM PST 
dha multan vs prism

Prism 10 marla file current price is 55+13 dc=68.
AFTER 6 YEARS,
PRISM will be same/ better than DHA 6. DHA 6 10 marla is 170 at the moment. It will rise to 250+ in 6 years time frame considering the inflation factor. So it can be believed that after 6 years, PRISM 10 Marla will also be 250+.

CHOICE IS URS!!! INVEST IN LAHORE ONLY !

anticipation@ replied on Monday, February 20, 2017 11:24 PM PST 

WILL DHA MULTAN CROSS 250 MARK IN 6 YEARS TIMEFRAME ? ( 3 YEARS TO GET INSTALLMENT PLOTS PAYMENT, N THEN 3 YEARS TO GET DEVELOPMENT CHARGES PAID!!!!)
so it means if they deliver 'exactly' on time, even then it will take DHA multan 6 more years to get developed!

Waseem® replied on Monday, February 20, 2017 11:43 PM PST 

Bad science it is! Even in top phase which is DHA Phase-5, top location 10 marla plot is 2 crore. In few weeks time, DHA multan file jumped 10 lacs while at the same time, 10 marla prism only gained 1 lac perhaps! Prism 10 marla is an investment which is to be kept for longer period, more than a year to gain benefit, DHA Multan files at the moment are for trading mostly & for shorter period of time very fruitful. Added benefit is minimum taxes, less investment.

Adnan_Ali® replied on Monday, February 20, 2017 11:57 PM PST 

Bhai Sahib, people get 9-10 lakh+ profit within 30 days and still they can get 5+ (if DHA announce its launch), now tell me how much Prism 10 Marla gain in last 1 month ?

Its not necessary to focus only on long terms and the real gainers are only smart people (not long term investors). Some one was saying last that is it possible to move from DHA Multan to DHA10, At that time it was looking difficult , but now its very much possible. (most likely without adding more funds).

I agree that Prism made handsome profit in past but please stop making this baseless comparison debate.

Meaning replied on Tuesday, February 21, 2017 07:10 AM PST 

It means dha multan will be 250+ after 6 years as the basics for any development group i.e. dha. Is it not so?

jehanzeb replied on Tuesday, February 21, 2017 01:36 PM PST 

@anticipation: i believe your approach is incorrect. DHA multan will not wait for 3 year for the instalment plots to be paid first and then start development after 3 years so a total of 6 years.

i have personally talked to DHA officials. as per them, 6 months after the launch, ballot will be done for the land files and development charges will be applicable. they plan to deliver possession maximum by 2019.

besides, the number of instalment plots will be very low as compared to the land files and plots for army personnel so logically speaking why DHA will want to wait for 3 years before instalment plots get fully paid and then development will be started. its not logical to think like this.

DHA will not want to make it a dead project.

Rest Allah knows best.

Nabeel replied on Tuesday, February 21, 2017 03:09 PM PST 

Please don't insult others intelligence by posting such comments ...10 marla at 250 lakh.

DHA multan replied on Tuesday, February 21, 2017 04:57 PM PST 

@anticipation.
I think after 6 years DHA Multan will be less than one million Pak Rs and everyone who will buy one file will get 2 free. By that time all the Pakistani will move to prism and all other places will be of no use. Due to this prism ten marl plot will be around 40 million dollars.
I think now you can take one or two days rest.

User_12115® replied on Tuesday, February 21, 2017 08:36 PM PST 

a v excellent location of 10 marla in phase 6 is around 170 lac which has equivalent road structure as proposed for prism .... while wapda town phase 2 1 kanal plot excellent location is around 180+ (down from 220 4 months back) - moreover, wapda town phase 2 has overhead wires, dead ends, smaller roads compared to any proposed dha multan development.

Dha multan will have a premium over both, a delivered plot of DHA multan will be way ahead of a delivered plot in prism

please do remmeber 170 is the rate of an excellent location in dha phase 6 behind DHA main office, i highly doubt prism 10 marla will have equally good location.

Observer replied on Wednesday, February 22, 2017 04:31 PM PST 

@user 12115, chal hun eni v gal nai. prism is going to be best ever phase of dha lahore.
P.S. i am holder of both dhas multan & prism
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(1241)
Monday, September 5, 2016 01:06 AM PST 
DHA 9 Prism D-886 ?

Salam LRE,

YO are saying Ph-9(prism) D-sector ranging from 78lac to 120lac. Can you please give me the estimate selling price of phase-9 D-886 ?

Thanks!

Lahore Real Estate replied on Monday, September 5, 2016 02:03 PM PST 

Dear Mr Nadeem,

The value of your plot near D 886 isa round 77 to 78 lacs ( 3 paid ).




Salman Maqsood
+923224009967
Lahore Real Estate
Email:INFO@LREPK.COM
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(1240)
Thursday, September 1, 2016 10:46 PM PST 
MIGHT BE OF INTEREST FOR OIL AND GAS PEOPLE

ADNOC issued MEMO for LAY OFF PLAN COMING IN FEW DAYS:

ADCO : 750
NDC : 150
ADMA : 550
NPCC : 250
ZADCO: FIGURE around 200 not confirmed

ADMA / ZADCO ist merger meeting next week.

User_G7722® replied on Friday, September 2, 2016 12:36 AM PST 

Sad, very sad, very much sad.
- Saudi already did this & still continue
- Qatar already did this & still continue
- Kuwait also did their part of lay-offs
- Now UAE heading for big lay-off.

Sad part is that these guys will not get anything back in country - no social security, no pension, no employment. Sad.

Nadeem replied on Friday, September 2, 2016 12:46 AM PST 

ADNOC already terminated 5000. This is new list. Contractors linked to oil business are terminating also.

Jawad Rizvi replied on Friday, September 2, 2016 03:04 AM PST 

Not companies are only laying off employees but to those who they want to retain, the companies are either increasing their on duty days by deducting off duty days or they are exploiting the employees to work with 20%-40% less salary. One the other hand if we analyze, this is the golden period for the main operator companies to get their wells drilled in less cost and may make the reserved well operative once the oil crisis is over so they can earn handsome profit.

User_9325® replied on Friday, September 2, 2016 03:23 AM PST 

oil will not bounce back. it will hover around 50 dollars. the two biggest consumers of oil China and US have become exporters. plus Iranian oil coming into market with Opec not reducing output to mainatin market share will now keep oil at this level Insha Allah which is good for pakistan as we are consumers

AhmetKildir® replied on Friday, September 2, 2016 11:00 AM PST 

http://www.cnbc.com/2016/08/29/oil-prices-essentially-going-nowhere-until-next-year-clipperdatas-smith-says.html

Nadim replied on Friday, September 2, 2016 12:58 PM PST 

The reasons that cause oil prices down still there e.g. regional turmoil & oil export from Iraq on black market rates, Iran vs KSA tension etc. Last but not the least world is moving towards renewable energy. Investors started to invest in that sector. One of example is Rockefeller family who pulled all shares out from oil companies and invested in that sector. Pakistan's property is strongly linked with ME countries. Majority of Pakistanies work there. ADNOC generate 70% wealth of UAE. 99% companies in Abu Dhabi are doing business with ADNOC. Same case with ARAMCO that is country within country. Remittance will fall further this year. Conditions are tough, I strongly advise hold your cash & wait further before buying property. Prices will fall.

RAPak® replied on Friday, September 2, 2016 03:19 PM PST 

Same in Oman,
There are four international companies. All four have deducted employees salaries from 5% to 25%.
And employees termination is also still under consideration, If PDO will not release the projects.

Nabeel® replied on Saturday, September 3, 2016 03:08 PM PST 

The current oil scenario will become a permanent reality and a new paradigm shift, until and unless new demand is created somehow or all producers agree to cut production. Saudi attempts to take out US production have not had the success that they planned.

I am foreseeing q continuing very bloody next 12 to 18 months at the very least.
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(1239)
Monday, July 25, 2016 05:45 PM PST 

Aoa, dear LRE team, pls tell me the price of my 1 kanal plot in dha phase 9 prism N block near 615. Pls tell me is N block will be good in future because of oval complex in this block. Thanks

Aseem replied on Monday, July 25, 2016 10:51 PM PST 

In my humble opinion,its a prime location plot and worth holding for long term...regards...
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(1238)
Saturday, July 23, 2016 07:54 PM PST 

Once again , jang news spreading panic.

Surfer® replied on Saturday, July 23, 2016 08:28 PM PST 

@ Kureshi bhai. The main mission statement of Jang group is Always spread panic to increase the sale. In case of Print as well as electronic media.
If some matter is never to be resolved they spread panic & seems to jump back to its starting point.

Usama Javed® replied on Saturday, July 23, 2016 08:29 PM PST 

jang, Geo no credible source

H Ali replied on Saturday, July 23, 2016 11:11 PM PST 

Thy have zero credibility. If you pay them well and ask them to insult their own families, they'll probably do that too. Extremely cheap and low level journalism.

MIT® replied on Sunday, July 24, 2016 12:57 AM PST 

All of you guys have stated so correct. Shame on this dirty house of hypocrisy.

Nadeem replied on Sunday, July 24, 2016 02:07 AM PST 

Don't trust Jang-Geo Group, They just need to make money in Pakisran to spread their empire and influence and rarely visit Pakistan.

4Muzzamil® replied on Sunday, July 24, 2016 03:13 AM PST 

govt shud take current /market rates from LRE website , all are available here xD

FAA.awan replied on Sunday, July 24, 2016 04:11 AM PST 

Jang and Geo are fake team and suppoters of Nawaz league .Geo urges Ishaq dar to impose property taxes.Everybody knows Geo group's character is doubtful.

MIT® replied on Sunday, July 24, 2016 12:37 PM PST 

Agreed with Mr. Jameel, but who cares in Pakistn? An ex post facto law is a law that retroactively changes the legal consequences (or status) of any past matter and were already made unlawful by the Kellogg-Briand Pact, the Covenant of the League of Nations, and the various Hague Conventions. Retrospective criminal laws are prohibited by Article 7 of the European Convention legislation, though new precedent generally applies to events that occurred before the judicial decision. Ex post facto laws are expressly forbidden by the United States Constitution in Article 1, Section 9, Clause 3 (with respect to federal laws) and Article 1, Section 10 (with respect to state laws). In some nations that follow the Westminster system of government, such as the United Kingdom, ex post facto laws are technically possible, because the doctrine of parliamentary supremacy allows Parliament to pass any law it wishes. In a nation with an entrenched bill of rights or a written constitution, ex post facto legislation may be prohibited.
Article 12 of the constitution of Pakistan clearly prohibits any law to be given retroactive effect by stating:
12.1 - No law shall authorize the punishment of a person:-
12.1.a - for an act or omission that was not punishable by law at the time of the act or omission; or
12.1.b - for an offence by a penalty greater than, or of a kind different from, the penalty prescribed by law for that offence at the time the offence was committed.

MIT® replied on Sunday, July 24, 2016 12:37 PM PST 

Agreed with Mr. Jameel, but who cares in Pakistn? An ex post facto law is a law that retroactively changes the legal consequences (or status) of any past matter and were already made unlawful by the Kellogg-Briand Pact, the Covenant of the League of Nations, and the various Hague Conventions. Retrospective criminal laws are prohibited by Article 7 of the European Convention legislation, though new precedent generally applies to events that occurred before the judicial decision. Ex post facto laws are expressly forbidden by the United States Constitution in Article 1, Section 9, Clause 3 (with respect to federal laws) and Article 1, Section 10 (with respect to state laws). In some nations that follow the Westminster system of government, such as the United Kingdom, ex post facto laws are technically possible, because the doctrine of parliamentary supremacy allows Parliament to pass any law it wishes. In a nation with an entrenched bill of rights or a written constitution, ex post facto legislation may be prohibited.
Article 12 of the constitution of Pakistan clearly prohibits any law to be given retroactive effect by stating:
12.1 - No law shall authorize the punishment of a person:-
12.1.a - for an act or omission that was not punishable by law at the time of the act or omission; or
12.1.b - for an offence by a penalty greater than, or of a kind different from, the penalty prescribed by law for that offence at the time the offence was committed.

CMY replied on Sunday, July 24, 2016 02:54 PM PST 

FAA.awan Please send a text again to reserve name. Lost your numnber

Ali.bianco replied on Sunday, July 24, 2016 11:55 PM PST 

Geo is biased channel for their own agenda... Not worth trusting..

Ali.bianco replied on Sunday, July 24, 2016 11:55 PM PST 

Geo is biased channel for their own agenda... Not worth trusting..

Ali.bianco replied on Sunday, July 24, 2016 11:56 PM PST 

Geo is useless channel for their own agenda... Not worthy
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(1237)
Thursday, June 30, 2016 07:15 PM PST 
Tax from tomorrow onwards

CGT is the tax that will topple the market. Not the Advance tax for increased DC rate nor the increase in registry etc. There are two opinions about this tax:

1. Govt has announced that it will be 10% of market value of property
2. Principally and logically it should be applicable to the profit proceeds on sale of property (cost of buying - sale price = profit)

However either ways, its a complete disaster.

For sale of a Kanal plot in DHA from Phase 1 to 8 which was bought and registered in last 5 years, with a current average market value of 2 Crore Rs, seller will be paying Capital Gain tax as below:

1. If 10% of market value then CGT levied alone on this plot is 20 lac Rs !!! So sell the plot of worth 2 crore and pay 20 lac as Capital Gain Tax !!!

2. A slightly lesser but equally devastating option would be to compute CGT on the actual gain (cost - profit basis) by below formula:

CGT = 10% of (MVP (Market Value of Plot) - DVP (Declared Value of plot at the time of purchase))

DVP (Declared Value of Plot declared at the time of property purchase in last 5 years) = DC Rate Value at the time of purchase = approx 70 Lac/Kanal (Average DC Rate for DHA Phase 1-5 for last 5 years)

So CGT would become = 10% of (MVP (2 Crore) - DVP (70 Lac))

= 13 lac Rs

Also remember that 1% advance tax will be added on top which will be 2 lac in this example. So total tax paid (including registry/transfer and stamp duty)= minimum 20 lac to 30 lac on a sale of every 1 kanal plot in DHA Phase 1-8 from tomorrow onwards


God help us all !!!!
:o

tax replied on Thursday, June 30, 2016 07:20 PM PST 

After Eid time to come out on roads against these criminal league

ayla replied on Thursday, June 30, 2016 07:30 PM PST 

Time for some action against Dar n shreef chor and gang of looters

Habib replied on Thursday, June 30, 2016 07:37 PM PST 

Dear Shah, we are creating unnecessary panic. Sky will not fall with this Much Tax Don't Forget that 5 years Back phase 8 One Kanal Worth was 55 Lac for average Plot, Already People are Paying 10% withholding Tax on saving, Profit and National saving Scheme, Islamic saving etc for last 20 years, Same is true for Stock exchange gain [I am not sure about Rate] even then Stocks posted Max returns in Last 3 years.
So no worry for New/Long term Investors

Tip for People holding for 3,4 ys wait till 5 years Completed, You will have not to pay Tax this will Give More stability to Market.

Biana/ Open file will Continue as usual

I am Not sure about Affidavit Files this was favorite for Investors as rate of Transfer were minimal. How this will be affected on resale, I think affidavit file Business will cool down a Bit, I will; explain in detail in some Later post that how it will be effected by gain tax

Ghreeb Awam replied on Thursday, June 30, 2016 07:39 PM PST 

logo jago, apanay haq kay leya.
These corrupt rulers want to suck each drop of blood from Awam use that for their treatment in London and take whole of their family along them for extended holidays.
Time for change, time for inqlab.

Ahg replied on Thursday, June 30, 2016 07:52 PM PST 

Kis haq k liyae?

Yeah hamara haq hay k croron ki property per hum 0% tax dain?

Habib replied on Thursday, June 30, 2016 08:03 PM PST 

Shah Sahib, already on one year holding 5% CGT Tax is due for last year. Did it result in any "Slump"?
There are only 10 % Investors who are transferring the property paying all dues and selling in upto 3,5 years,
Short term Investors are not transferring at all and Long term investors are not selling with in 5 years,
Yes I say one or 2 out of 20 sellers will be affected and they were already paying, though less,

Real Estate is best replied on Thursday, June 30, 2016 08:04 PM PST 

@Ahq nahe nahe yeh haq sirf ganja league ko hai k awam ka khoon choos kar paisa money laundring k throug bahir muntaqil karain you Patwari

Ahmad786® replied on Thursday, June 30, 2016 08:05 PM PST 

No one is denying paying any tax guys. But tax should be sensible. It looks like as if they have now share in every plot. Taxes are imposed and increased gradually not like , today it is 2lack and tomorrow it is 2M.

Shah® replied on Thursday, June 30, 2016 08:17 PM PST 

Guys
Despite being an investor myself, with a reasonably extensive portfolio of investments in multiple phases of DHA both in residential and commercial, and hence being a direct affectee of these newly imposed taxes, I still feel its in the best interest of the country to have the real estate income taxed. Although this tax is highly unlikely to give any benefit to common man or to the country itself, and will most likely end up in some off shore account in some far corner of the world somewhere, but the very fact that investments will likely be diverted towards a productive area of economy instead of this non-productive passive area of real estate is rather healthy for the country in the long run.

My only complaint and resentment however, is the way this has been played by Govt. Too much too soon. This should have been done gradually over 2-3 years. With enough reaction time to both buyers and sellers to make informed decisions and then diluting the increased burden by doing it in incremental steps.

The notice was so short that most people couldn't off load their investments in time before the closing of current fiscal year (non of the expats could come ti pak in such short notice to sell their plot) and from tomorrow onwards will come under the new tax net.

Just to give you an example example, I sold and transferred a one kanal plot today in Phase 4 and paid 76,000 PKR as the total tax on the sale being a seller.

On the sale of the same plot tomorrow, in less than 24 hours from now) on which I paid 76,000 tax today the tax imposed will be in the upwards of 20 lac Rs !!!!

Thats too big a shock wave to be sent to any market (real estate in this case) unless you want it completely collapsed for some reason. Only an idiot would impose 10% tax (from 0 % CGT practically in effect) over night. And idiots unfortunately are a dime a dozen here !

....of Idiots, by idiots,....for idiots.....

:)

Ahg replied on Thursday, June 30, 2016 08:19 PM PST 

Wait for implementation...

Some people are just trying to create a hype...

If govt wants to takle black money being deposited in real estate....it should be appreciated...

Now look at cursing on this page....
Senseless cursing like 5 year olds....

Habib replied on Thursday, June 30, 2016 08:36 PM PST 

Dear Shah, I agree with you except this Point

"The notice was so short that most people couldn't off load their investments in time before the closing of current fiscal year (non of the expats could come ti pak in such short notice to sell their plot) and from tomorrow onwards will come under the new tax net."

Market is too dynamic than our expectation 1000 dedicated sellers with deadline of 60 days can bring the Prism market to 40 Lac, And God knows when it would recover, This is blessing in disguise that it is imposed too rapidly and too secretly,

Now you will not see any major correction, may be a bit, or just Consolidation of gains. This is in interest of Investors and Country Because economy is just demand and supply game.

Ekrar® replied on Thursday, June 30, 2016 08:41 PM PST 

There are three type of investors in the market:
1. short term players keeping open file/biana: NO EFFECT OF TAXATION
2. LONG TERM holding for 5+ years : NO EFFECT NO EFFECT OF TAXATION
3. Medium term holding 1-5 years: WILL BE AFFECTED TO PAY HUGE TAXES!

These taxes are going to affect the business of property dealers THE MOST as there will be lesser sale/purchase and a plot sold once will vanish from market for at least a year!

Shah® replied on Thursday, June 30, 2016 08:47 PM PST 

Thank you agreeing Habib bro.

@ Ahg: The word you wanted to use in your post is rant, not curse........not really.
just my cents....for whatever they are worth ;)

Kureshi® replied on Thursday, June 30, 2016 09:10 PM PST 

I have checked with a few dealers and already a big protest is on its way.... The way this tax is implemented is brutal.

In other countries govt manages crisis and this govt creates crisis.

Thank you for knowledgeful discussions.

User_6006® replied on Thursday, June 30, 2016 09:28 PM PST 

I do not agree with habib sb , you people made good gains in life and cam say this ,just consider a person who is in 20s with little investment and can not hold plot more than 5 years neither he is so smart and fond of keeping plot open or get on bayana and find buyer in short time and sell , how he will earn good bread and butter. May be its dealer win win situation for people like cmy who work on just comission but he knew somewhere this taxes will harm those who benefit them most and this is y he will work for them in grabing good deals because in long run dealer will affected vy this most

Ahg replied on Thursday, June 30, 2016 09:29 PM PST 

Shah@ thanks and appreciated

Arif M® replied on Thursday, June 30, 2016 11:15 PM PST 

Completely agree with all points made by Shah sb. It should have been done gradually. And yes this will boost up productive sectors but it will be disastrous for real estate sector.

I even do not understand why Ishaq dar too this step now when their term moving to end. If they wanted to boost productive sectors and create jobs then they should have taken these actions in start when they came into Govt. Makes no sense. Only reason I can think of is IMF and their loans.

Well wisher ( Plz Register) replied on Thursday, June 30, 2016 11:27 PM PST 

Now the seller will consider actual rate as DC rate & sell the property in heavy margin considering heavy abnormal tax...what about the people who invented their hard earned white money in real estate? ??...dealers of whole market should record a massive protest against these theives of government after eid...for who long poor Pakistanis pay for interest of loans taken by these robbers for their offshore companies...it should be highly protested by dealers after eid

Well wisher replied on Thursday, June 30, 2016 11:30 PM PST 

It should be highly protested by dealers after eid

Nadeem replied on Friday, July 1, 2016 12:20 AM PST 

Its going to be like a phone recharge card. Sharifs have engaged in massive borrowing surpassing all previous figures. Now IMF want taxes, its not only property - you will see gradually on every aspect.

MIT® replied on Friday, July 1, 2016 01:05 AM PST 

No doubt we must pay taxes to 'our' government, BUT at some sensible rates not so unreasonably harsh and drastic one being imposed now to kill the hen once for all. Current rulers have pledged the country to the foreign loans so heavy that there is no way out now either tax the helpless people directly of any rate they want or go into default. The logic that now money will flow into private industries creating jobs is absolute nonsense in absence of basic requirement of energy etc. This capricious and unwise action of current rulers may add another nail in their coffin because overall DIRECT TAXATION in the country has squeezed a common man to its last limits. Even if it has been "passed" as a law by the Parliament by so called 'majority' of heavy mandate, the judicial reviews are imminent in such cases by Courts of Law to either set aside such draconian laws or direct the government to make it fair and sensible enough for the citizens to bear with.

RAMIZ replied on Monday, July 11, 2016 04:18 PM PST 

what are the sources of these CAPITAL GAIN TAX ?? FROM WHERE IT HAS CONFIRMED ??
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