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FAR
Tuesday, September 18, 2018 07:25 PM PST
Reply:
NON-FILERS CAN BUY PROPERTY OF ANY AMOUNT
BIG NEWS: Non-filers can buy property of any amount. Up to 50 Lacs restriction is removed. Will impact positively on market for sure.
chouhdry
replied on Tuesday, September 18, 2018 08:15 PM PST
GREAT NEWS!
Investor
replied on Tuesday, September 18, 2018 08:22 PM PST
Property will definitely boom!
Investor
replied on Tuesday, September 18, 2018 08:22 PM PST
Property will definitely boom!
Fraz
replied on Tuesday, September 18, 2018 08:26 PM PST
And the country will lose. Welcome to Naya Pakistan !!!!
Tariq ch
replied on Tuesday, September 18, 2018 08:35 PM PST
Restriction was imposed in this financial budget of 2018, whereas, property market crashed two years back in June 2018.
So it seems likely that overall property market will boost immediately.
However DHA market has some exceptions where 9 Town prices increased 30 to 40 % in dead slow market
Tariq ch
replied on Tuesday, September 18, 2018 08:37 PM PST
Correction
It seems Unlikely
Junaid Akram
replied on Tuesday, September 18, 2018 09:12 PM PST
Obviously great news for property market. More investment opportunities will help boost this sector thanks to this government.
Free_man
replied on Tuesday, September 18, 2018 09:26 PM PST
New Dha like Multan and BwP were benefiting from restriction of 5 million but now money will be more freely directed to Lahore. Good news
Adnan_AliŽ
replied on Tuesday, September 18, 2018 09:35 PM PST
U turn government any time can take u-turn, so new investor will still wait and watch, Dollar/Rupee Value and stock exchange are other factors that will decide
investor
replied on Tuesday, September 18, 2018 10:15 PM PST
No change in property as it is stagnant because it is way over priced. Untill the income of people catch up with the property prices there would be no up turn. When property goes up every thing becomes expensive including rents, and hence it becomes unfeasible to open shops etc. This restriction was imposed just 2 months ago but the property has been down for the last two years
JUJ
replied on Wednesday, September 19, 2018 01:16 AM PST
Property went down when restrictions were imposed. It is stagnant for couple of years. Everybody at that time said property business has suffered due to Tax Filer and non-filer distinction. Now by any Newton's law it should go up.
Lahori_guy
replied on Wednesday, September 19, 2018 05:27 AM PST
Bad move for Pakistani tax system. This will only benefit property developers.
Warrior88
replied on Wednesday, September 19, 2018 06:36 AM PST
Seems like tax authority will say hello letters to these non-filers in time , killing off the market! Seems like an FBR trap.
Pro_Pakistan
replied on Wednesday, September 19, 2018 12:56 PM PST
Probably good for real estate sector but not for the country. These restrictions were forcing people to become filers and come under Tax net. Now there is no motivation for them to be filer and they can do whatever they feel like being non-filer and do not pay taxes on their main source of income.
I am a filer and i feel this is injustice with Filers (mostly salaried class)
Sad day.
bilal
replied on Wednesday, September 19, 2018 01:58 PM PST
Good on the face but a regressive step. Will plunge the country into undocumented economy.
bilals
replied on Wednesday, September 19, 2018 01:59 PM PST
Good on the face but a regressive step. Will plunge the country into undocumented economy.
babloo
replied on Wednesday, September 19, 2018 02:57 PM PST
Although this policy will make people to invest in the property without the need of showing all of their assets to the FBR. but just think.
1)Overseas donot have to pay tax on their income.so they only have to pay double tax when transferring the property to their name.which is good.
2) Pakistan residents are not exempt from income tax. so they would be already filling the tax returns.and if they are not filling the tax returns and hiding their wealth halal or haram.life will be easy for them unless haram income is traced by the anti corruption dept. I think property price will increase but not as in 14 and 15.
babag
replied on Wednesday, September 19, 2018 05:33 PM PST
Overseas Pakistanis used to buy the Properties in Pakistan rather than depositing the money (savings) in foreign country, as they feel the money was save for their future when they return to their own country Pakistan and also at the same time growing in value. with the law that only filer can buy property, it became difficult for the Overseas investors, So they started investing in their foreign country itself.thus reducing the FDI in pakistan. So I feel this is a good policy to let overseas Pakistani to buy property without filling the returns.
Mirza
replied on Thursday, September 20, 2018 06:41 AM PST
Some people believe that its a trap for resident non-filers.
Also, non-filers will be paying even more taxes on transfer of property.
What are your thoughts ?
Ahmad
replied on Thursday, September 20, 2018 04:23 PM PST
I live abroad and it was a puzzle for me to buy a property in Pakistan. I think, it is a good step to allow non-filers to buy property. As far as 'trap' mentioned, i don't mind receiving a letter from FBR to explain my source of income. We should do honest business and there should be no fear of 'trap'. The legal tax we pay for our country is good for all of us. We anyway pay hefty taxes while living abroad and never complain :)
(9)
fraz
Tuesday, May 1, 2018 05:13 AM PST
Reply:
Information required
Dear Lre !
Can u please comment, when DHA would be making any boundary wall around DHA phase 9 prism. OR there will not be any bondary wall at all ??
SurferŽ
replied on Wednesday, May 2, 2018 07:08 AM PST
Their is a boundry wall between all the villages & along with Hudraya drain all the way along.
& Along comfort factory as far as Dha town is concerned 150 ft road of PRISM is connected with town main road of 120ft road which is connected to phase 6 via badian road under pass & their is no boundry wall between 9 Town & PRISM. Till now 9 town is seems like part of PRISM. In future this 150 ft is a main gate way from ferozepur road side to All the DHA's
(8)
Shah00
Saturday, January 27, 2018 06:41 PM PST
Reply:
Evaluate
Can you please evaluate Prism Phase 9,
9p/j/002955
and
9p/j/002635
Thanks,
Shah
LRE Support Staff
replied on Saturday, January 27, 2018 08:10 PM PST
Dear Sir,
Both Plots Could Be Demanded Around 35 Lac With Updates
For More Information Contact
Umar Saleem
+923028409967
Lahore Real Estate
Fraz
replied on Sunday, January 28, 2018 01:34 AM PST
Hi,
9p/j/002635 is my plot number. Who is this shah00, asking about my plot number
Fraz
replied on Sunday, January 28, 2018 01:35 AM PST
Hi,
Can LRE please comment on this issue
Farhan
replied on Sunday, January 28, 2018 06:48 PM PST
Kindly evaluate J2186 5 marla Phase 9 prism updated.
Farhan0000987
replied on Sunday, January 28, 2018 06:49 PM PST
Kindly evaluate J2186 5 marla Phase 9 prism updated.
LRE Support Staff
replied on Sunday, January 28, 2018 08:04 PM PST
Dear Fraz,
I think Shah forgot to mention word."Near" with the Plot Number.
(7)
Arshad
Thursday, February 13, 2014 04:14 PM PST
Reply:
Real Wood for doors
Dear all,
I would like to know what are the best types of wood ( real wood) available for making doors/ kitchen cabinets that are long lasting and good for damp weather.
arshad
woodkail
replied on Thursday, February 13, 2014 09:37 PM PST
Go for Kail wood, and try to get the local one instead of imported. local one is better than the imported and little expensive too.
Fraz
replied on Friday, February 14, 2014 12:23 PM PST
Use Ash wood for doors and for kitchen cabinets u can use UV Sheets imported.
(6)
Fraz
Thursday, March 15, 2012 03:54 PM PST
Reply:
Price Assesment
Dear LRE
Team
,
What is your assesment of V-1243, Phase-8,
DHA Lahore
. Any chance of development in the near future.
thanks
Rashid 03028409967
replied on Friday, March 16, 2012 06:52 PM PST
Fraz sahib, current market value of V 1243 is around 45 to 50 lacs
Mian Rashid
Lahore Real Estate
03028409967
(5)
Fraz
Wednesday, March 14, 2012 06:01 PM PST
Reply:
Assesment
What is the worth of V-1238, Phase VIII,
DHA Lahore
(4)
University town Islamabad
Thursday, July 7, 2011 05:11 PM PST
Reply:
Ilyas University town Islamabad Plot For Sale
I want to sale my 5 marla plot in University town Islamabad sector-e
Fraz
replied on Saturday, November 10, 2012 04:47 AM PST
can u provide details of ur plot , its No and price
(3)
Fraz
Friday, April 21, 2006 05:25 PM PST
Reply:
Trade in
Dear brothers
I have a file in DHA Ph9, which I want to sell and the same time I want to buy a one Kanal Plot in DHA
Ph6 some good
location
. Some one interested to trade in his Ph6 plot with my Ph9 file plus extra amount. I am willing to construct a house immidiately. My budget is cash 25lack plus my Ph9 File. Interested persons please
contact
.
Regards to all
(2)
Muhammad Nazir Awan
Saturday, December 4, 2004 01:11 AM PST
Reply:
ONE DIAMOND PLOT NO 9 IN V BLOCK MEASURING 2 KANALS IN DEFENCE-II LAHORE. THE OWNER IN NEED OF MONEY AND SELLING FOR 1,80,00,000/-
CONTACT
MR MUHAMMAD NAZIR AWAN CHEEMA ESTATE 73/2 K COMMERCIAL, DEFENCE-I LAHORE PAKISTAN TEL:,
Fraz
replied on Saturday, December 4, 2004 03:27 AM PST
Your commsnts "OWNER IN NEED OF MONEY AND SELLING FOR 1,80,00,000"
you think people who have so much money are "owner need of money" thats a joke!!
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