Maqsood Discussion Property News & Community Talk

Monday, December 15, 2025 11:15 AM

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(98)

Maqsood

Tuesday, January 3, 2017 12:55 PM PST

Reply:

DHA Multan

Any update on DHA Multan launch date? Is it still 10th Jan or changed again? :h :h :h

Ahmed 1� replied on Tuesday, January 3, 2017 03:02 PM PST

I personally asked from DHA Multan Colonal Bilal and he infrmed me that by end January they are going to announce.Expecting big gain in near future

Observer replied on Tuesday, January 3, 2017 05:02 PM PST

True..the announcement is limely to be in newspapers very soon.last hance to buy at current rates

(97)

Maqsood

Monday, October 24, 2016 05:28 PM PST

Reply:

AOA Dear Experts
Please evaluate Prism Phase 9 near J-2586 and oblige.
Regards

Lahore Real Estate replied on Monday, October 24, 2016 05:38 PM PST

Dear Mr Maqsood,

Market price of your plot near J 2586 is around 40 lacs ( With previously due installments paid).

Asim Irfan
+923224003475
Lahore Real Estate
Email:INFO@LREPK

(96)

Maqsood

Monday, September 5, 2016 04:11 PM PST

Reply:

Dear LRE,

Kindly evaluate the ph. 9 A 752 without development charges.

Lahore Real Estate replied on Monday, September 5, 2016 04:55 PM PST

Dear Mr Maqsood,

Current evaluation of your plot near A 752 is around 120 lacs ( 3 paid ).

Salman Maqsood
+923224009967
Lahore Real Estate
Email:INFO@LREPK.COM

Maqsood replied on Monday, September 5, 2016 05:52 PM PST

Dear Salman bhai,

Please advise is this worth to hold A752 for long term 3 years from now or selling and buying 3x5marla in J or R block will be more beneficial.

Thanking in advance.

Lahore Real Estate replied on Monday, September 5, 2016 06:22 PM PST

Dear Mr Maqsood,

Hold this plot, because in future it will serve you very well.Choice is yours.

Lahore Real Estate
Email:INFO@LREPK.COM

(95)

Maqsood

Monday, June 20, 2016 02:50 PM PST

Reply:

From DHA Multan to DHA Lahore Prism

Dear experts CMY sb and Jameel sb,
My plan is to build a 10 marla house in DHA Lahore (preferably Prism) after 5-6 years. When do you think will be the right time to move from DHA Multan to Lahore so that I may need to added minimum possible amount for land?

Thank you. Have a blessed month of Ramazan.

ABU ARYAN� replied on Monday, June 20, 2016 05:59 PM PST

Bro Maqsood,
I am also in the same boat. Keeping in view the rapid progress in terms of development and sincerity of DHA Multan Officials, one can say that phase-1 will be livable after 3-4 Years (Maximum) as the surrounding societies are in good living shape.

Since your objective is to stay in Lahore, I suggest to wait till multan balloting. In case you find good location plot, better to stay with DHA Multan and move to Phase-9 once it is nearing possession.

Its my humble thinking...Rest Allah is the Greatest Planner.

CMY, Kaisarani, Jameel, Kureshi, Kildir, Hassan HC are few of the best gurus at the moment to guide you wisely.

ShahzadQamar� replied on Tuesday, June 21, 2016 02:55 AM PST

nobody will be able to build house in prism or dha multan in next 5 years. Opt for on map near possession developed plots for this purpose like town or phase 7 or 8

(94)

Maqsood

Thursday, June 16, 2016 07:34 AM PST

Reply:

File or Plot in Prism?

Aoa everyone!

I need an advice from respectable experts on this page.
I am looking to build my house in Prism after 5-6 years.
1) Should I go for file or on-ground plot?
2) I saw on map there is a drain beside Prism. Is this really a problem like Rahbar if I buy file there?
3) Roughly how much time will it take to give possesion of the plots in Prism and make it livable?

Thank you CMY sb for making this great resource.

Ali replied on Thursday, June 16, 2016 09:46 AM PST

If you have budget then for sure on ground plots...but if you wana save money and take risk then you can buy a file...but i m not sure where these files will adjust in prism...

Currenly Prism 10 marla file is @ 54 and on ground plots are 50 ( worst) to 75 ( excellent ) location plots

Possession expected in 3-4 years inshAllah

LRE� replied on Thursday, June 16, 2016 02:42 PM PST

Dear Maqsood Sb,

Buy a on ground plot.If you buy a files you dont no where DHA give you a plot.Possession will be announced expected 4 to 5 year.

more information kindly contact Asim Irfan +923224003475

LAHORE REAL ESTATE
EMAIL:INFO@LREPK.COM

Z.F replied on Thursday, June 16, 2016 03:04 PM PST

buy 10 m plot in K or j block. it will be best for you at the moment.

(93)

CMY

Tuesday, June 14, 2016 02:22 AM PST

Reply:

DHA Multan

DHA Multan

AHMAD HASSAN� replied on Tuesday, June 14, 2016 03:36 AM PST

That means DHA Multan management is very much committed. In which newspaper you find this advetisement.

Kassim replied on Tuesday, June 14, 2016 03:39 AM PST

So excited :D. I bought it at 32 lacs :D

Sheikh_at� replied on Tuesday, June 14, 2016 03:47 AM PST

Nice....Congrats too all buyers...although I'm not part of it :)

Haadi replied on Tuesday, June 14, 2016 06:42 AM PST

I m also excited bought 2 files at 28.20 lakhs.
Will sell one file when cross 50 lakh

Ejaz_EJ� replied on Tuesday, June 14, 2016 01:26 PM PST

Mr.CMY
please let us know if this add is from any newspaper cutting or provided to you as a privileged customer well in time before publishing?

by anyway, good news indeed.

Maqsood replied on Tuesday, June 14, 2016 01:38 PM PST

It looks like a picture of a billboard near DHA Multan.

abckdd replied on Tuesday, June 14, 2016 01:59 PM PST

Maqsood, you are right.

(92)

Salman.A�

Sunday, June 5, 2016 08:13 PM PST

Reply:

AOA

As CMY has already explained about CGT i will not be adding details to it.

But Please try to understand what exactly has changed, Many people here think that 10% CGT was not present before and it is whole new TAX.

It was there since 2014 and only thing changed is the holding period.

Please look at the attached picture which gives accurate information about new taxes, WHT and CGT are presented for current period and proposed under filer and non filer. Please take some time to understand and then post questions.

Salman.A� replied on Sunday, June 5, 2016 08:24 PM PST

Sorry unable to upload the JPG image. I will type it here.

WHT ON SALE OF PROPERTY

FILER (current) 0.5% (proposed) 1%
NON FILER (current) 1% (proposed) 2%

WHT ON PURCHASE OF PROPERTY

FILER (current) 1% (proposed) 2%
NON FILER (current) 2% (proposed) 4%

NOTE: WHT is set to DOUBLE which can fully be adjusted in your income tax returns.

CGT ON SALE OF IMMOVABLE PROPERTY

CURRENTLY

10% if SOLD within the first year
5% if sold between 1-2 YEARS

PROPOSED

10% CGT FLAT RATE for up to 5 years

Note: people who have bought properties within this fiscal year and who are panicked to sell their holdings before 30th June will have to give 10% CGT as per old RULES, if they wait and let the market absorb the news of taxes they still will be paying 10% CGT. Basically nothing has changed for short term investor. only WHT will be doubled.

I dont see any major drawbacks in property with these taxes.

And please if your property rate has doubled in past 1 year it wont hurt paying few lacs to Government as Taxes. Besides taxes are on DC value not your actual tradable value.

I wish best of luck to the investors.

Adrees� replied on Sunday, June 5, 2016 08:34 PM PST

Dear Salman A. please can you elaborate the how the Capital gain is calculated. is tax on gain or straight away on DC value of property at the time of transaction.
thanks

B A Rana� replied on Sunday, June 5, 2016 08:48 PM PST

"Gain" means profit.
If no profit no CGT.

CGT = (DC rate on selling date - DC rate on buying date) X 0.1

Ali replied on Sunday, June 5, 2016 09:21 PM PST

@ Salman
Previously we have Stamp Duty, CVT, Advanced income tax and CG tax.
What is WHT ? Was it available previously?

Salman.A� replied on Sunday, June 5, 2016 10:33 PM PST

Every Time we sell our property within first two years, we pay CGT. It is calculated at DC rate. Basic formula to calculate CGT is as follows.

10% of the capital gain or 2% of the recorded value at the time of sale, whichever is higher

Usually within 1 year DC values are not revised so we pay 2% of DC value as CGT and this is what most of us are paying even TODAY.

Mr B A Rana is not correct in his calculations. There will always be CGT. Government is smarter than us.

Abdal� replied on Sunday, June 5, 2016 11:19 PM PST

@Salman. You have elaborately described the matter at hand. However, for further clarity will you be able to advise. 1) whether iCGT is a federal or provincial tax 2) will it be possible to quote the relevant legal provision wherein you are of the that CGT would be higher of 10% of gain or 2% of recorded sale value 3) recorded sale value is the value on ehich agreement is signed / market value on which transaction is done or value on which duties are paid ( normally DC rate), this refers to the case where there may be a difference between the two.

SIM replied on Sunday, June 5, 2016 11:33 PM PST

Thanks Mr Salman. You have been great help.

Maqsood replied on Monday, June 6, 2016 12:53 AM PST

You said "10% of the capital gain or 2% of the recorded value at the time of sale, whichever is higher" But as per page 32 of official text of budget speech nothing regarding 2% is mentioned. http://www.finance.gov.pk/budget/budget_speech_english_2016_17.pdf

NT replied on Monday, June 6, 2016 03:55 AM PST

One can find further detail of Capital Gains on disposal of Immovable Property in following sections of IT Ordinance:

Definitions: SECTION 37

Rates: THE FIRST SCHEDULE - PART I - Division VIII

Jameel Mughal� replied on Monday, June 6, 2016 04:37 AM PST

these are 2014 Rates, Actually due to under reporting of gain, Govt is implementing 10% on gain or ?? [ must be be 4 to 5%] of DC rate whatever is higher, More details are still to come

see the draft of 2014
Sr. No. Description Rate
1. Sale within one year of acquisition 5% of the capital gain or 2% of the recorded value at the time of sale, whichever is higher
2. Sale between more than one but within two years of acquisition 4% of capital gain
3. Sale between more than two but within three years of acquisition 3% of capital gain
4. Sale between more than three but within four years of acquisition 2% of capital gain
5. Sale between more than four but within five years of acquisition 1% of capital gain
6. Sale after five years of acquisition No tax.

NT replied on Monday, June 6, 2016 05:26 AM PST

Capital Gains on disposal of Immovable Property is an overlapping subject between Federal & Provisional Govt.

As per Income Tax Ordinance Rate is 10% of Capital Gain(Sell within 1Year) & 5% of Capital Gain (Sell after one & before two years) & no tax if sell after two years.

However currently CGT is charged based on Punjab Finance Act that is 2% of DC rate (sell in one year) and 1% of DC rate (1-2 years) and zero after two years to "avoid the complications of accurate calculation of Capital Gain on Transactions".

Please correct me if my understanding is wrong.

(91)

MALIK28�

Sunday, June 5, 2016 01:59 PM PST

Reply:

New Taxes on Property

Dear CMY
Please educate us on the imposition of tax in the budget spec Capital Gain Tax (CGT) and its effects on seller as well as purchaser.
Best regards

Maqsood replied on Sunday, June 5, 2016 02:25 PM PST

I also want to learn about this although CMY sb has already explained this.
Let me give an example and please correct me if I am wrong.
Today I bought a 1 kanal plot in DHA Lahore worth 10 million rupees. However DC rate for that plot in today's date is 4 million rupees. If I'll sell this plot after 5 June 2021, there will no CGT. However if I'll sell this plot on 5 June 2020, say real plot price is 20 million rupees. I have to check for DC rate for that date. Say its 4.6 million rupees. I'll pay 10 percent of 0.6 million (4.6 mil -4.0 mil) which is 60,000 rupees.
If its true, then keeping in view that DC rates are normally much lower than actual market price, one wont pay very high CGT.

Salman replied on Sunday, June 5, 2016 02:31 PM PST

What is the current Capital Gains tax rate?

Is it not already 10%?

Sachaadmi replied on Sunday, June 5, 2016 02:37 PM PST

Logic of CGT is very simple , don't sell PLOT before 5 years if so then pay 10% of DC value.
For example: 1 kanal PLOT in Phase 8, DC rate is 33 lacs so we have to pay CGT = 3 lacs and 30 thousand if u wanna sale PLOT before 5 years.

Maqsood replied on Sunday, June 5, 2016 02:41 PM PST

@Sachaadmi...I dont think this tax is on absolute price but on the difference aka "Capital Gain".
CGT formula is (Selling DC rate - Buying DC rate)*0.1

Boy� replied on Sunday, June 5, 2016 02:54 PM PST

Maqsood you explained it totally right !

MNQ replied on Sunday, June 5, 2016 03:47 PM PST

what about the file and non filer tax percentage that has been doubled

SIM replied on Sunday, June 5, 2016 03:54 PM PST

How can overseas Pakistanis avoid this non filer tax? Has there been a withholding tax on property and rentals also?

tahir replied on Sunday, June 5, 2016 04:02 PM PST

I think DC rates are value of property announced by Govt. So there is no selling and buying DC rates

So 10 % flat tax on DC rates will be deducted

I think after 30 June this should be 4 lac flat on selling of one kanal prism plot

Irfan UAE� replied on Sunday, June 5, 2016 04:15 PM PST

What is this DC rate, please some one can explain?

Maqsood replied on Sunday, June 5, 2016 04:55 PM PST

@tahir Let me make this easier for you.
"Gain" means profit. It means no profit no tax. It is a tax on profit only. Simple!
CGT = (DC rate on selling date - DC rate on buying date)*0.1
Can't make it easier than this.

User_P1876� replied on Sunday, June 5, 2016 05:17 PM PST

Maqsood is absolutely correct.

Other ones Guys , please do not confuse a very simple thing - which is capital gain Tax , its only on Gain/Profit , not on actual value

kashif replied on Sunday, June 5, 2016 06:52 PM PST

The problem is if you are selling at DC value then you will not be able to justify the actual selling price and DC value difference.

Your plot selling DC Value:40
Actual selling price: 100

How you will justify the remaining 60? Now FBR has started tracking thru bank channels. Will you take the risk of cash???

IM786� replied on Monday, June 6, 2016 01:04 AM PST

Yes Kashif sb. This is the big problem. In that case 60 lac will be black money. Also buyer and seller both have to agree to show less value. Also Maqsood sb you said nothing is changed. Dear taxes has been doibled as mentioned by you.

(90)

CMY

Friday, June 3, 2016 04:19 PM PST

Reply:

DHA Multan development Update

Latest pictures by Hussain Kaisrani for Lahore Real Estate

Boulevard 1 km long now completed. DHA not allowing entry or pictures to public yet :)

CMY replied on Friday, June 3, 2016 04:24 PM PST

Sure launch mid July 2016 max at installment of 1 kanal price of 62.5 lacs

Time to send money to Pakistan early enough for booking this gold mine in time.

Please share pictures in your WhatsApp groups as I am too tired at this time to spend 5 more hours on sharing it with all friends.

Choudry Mujahid Yasin (CMY)
+

Maqsood replied on Friday, June 3, 2016 05:02 PM PST

I dont think DHA can go beyond main gate, boundary wall and main boulevard without having money in their hands. So either they have to stop development or launch the project. Launching makes more sense because now they can market DHA Multan well with already constructed main gate and after eid is the best time to harness overseas money. :)

Abdullah replied on Friday, June 3, 2016 07:34 PM PST

Request to advice if there is an option of 10 marla on installments in dha multan and what's it's tentative price..)??

(89)

SAIM

Thursday, May 26, 2016 06:16 PM PST

Reply:

CMY
I totally agree with CMY..this bubble is about to burst now...Ph 9 is a bubble,,DHA multan is a bubble at 40 Plus...DHA Kci bubble is already bursted.Old ppl like me recall 2004 -5...DHA prism file was at 45,,,came back to 13....rest every body make ur own decisions.

FRIEND replied on Thursday, May 26, 2016 06:25 PM PST

SAIM, YOU TAKING HISTORY. AT PRESENT NO BUBBLE? YOU MIS THE TRAIN????

Khalid Azad replied on Thursday, May 26, 2016 06:30 PM PST

History repeat.
I totally agree it's same situation as 2005,underdeveloped area always most effective. Beware

Farooq Pathan replied on Thursday, May 26, 2016 06:36 PM PST

Few days ago he was saying that if you wont listen to me, you would miss the train.

Today, CMY is saying that you would be responsible for your own self.

CMY would keep on giving tips and if someday market would crash, he would refer to his today's post and would act like a Messiah again :)

Salman replied on Thursday, May 26, 2016 06:38 PM PST

Dha Multan chal perra to sab non holders ke jaan nikal rahe hai.

Just because you have missed the train, don't take out your frustration by misguiding people who have invested sensibly.

DHA Multan ke train chal peri hai aur 50 next stop hai. Good luck to all holders!

Salman replied on Thursday, May 26, 2016 06:41 PM PST

Saim sab, you could have replied to CMY in his earlier post.

Why did you need to start another fresh discussion? Proves my point lol

Laiq Ur Rehman� replied on Thursday, May 26, 2016 06:50 PM PST

The world is full of trolls and so is this website.

I totally agree with Salman that the people who missed the train at trolling now and crying and going for the correction. Eid is coming and so are people and everyone knows that the prices for up during this period.

AHMAD HASSAN� replied on Thursday, May 26, 2016 07:01 PM PST

Market correction is obvious. Few days back I wrote that recession is knocking on doors now it has reached badly. Figure is very high those lost jobs. Down sizing is going on which effecting a large no of overseas Pakistanies also. From next moth many countries (don't want to mention name) going to put limits on remittance and tax on value. But DHA Multan will go up smoothly and it will stop at 50 because of balloting, excellent location. After ballot it will be high from 50 to 100 %. Depends location of plot.

AHMAD HASSAN� replied on Thursday, May 26, 2016 07:47 PM PST

What I learned so far that when market say sell, don't sell and when market says buy, don't buy.

Ali replied on Thursday, May 26, 2016 07:54 PM PST

the point is that DHA reaches to it starting point so genuinely there is no increase. Actually it was undervalue and now it has been corrected amd the people who took that are rewwarded. So Still alot to come and catch the train as Ahmed said
after ballot 50 to 100 so ABHI TO PARTY SHURU HUI HAI !

Maqsood replied on Thursday, May 26, 2016 07:54 PM PST

Ahmad Hassan....very well said

Basit Farooq replied on Thursday, May 26, 2016 08:49 PM PST

DHA phase 7 is on ground existing reality (it was balloted in 2006 and possession given in the recent past)

Phase 8 wil be on ground after a few years (balloted in 2010, so possession shlud be in 2020)

Phase 9 will be an on ground reality after 10 years (Balloted in 2015, possession no less than 2025)

Why making investments, why do not people realize above mentioned groud realities ?

XYZ replied on Thursday, May 26, 2016 09:08 PM PST

Ab kia ho, jab chiriyaan chug gain khait. Clever people already made millions out of phase 9 and are flying away. People have to decide themselves before making investments, I mean, do not rely on dealers. Phase 9 was not, by any means, a short term investment. Only the big fish made the money, now medium and small investors either have to bear loss or wait for 10-12 years.

KB20 replied on Thursday, May 26, 2016 09:35 PM PST

Salam to everyone. Multan DHA is not bubble the way I take it let it discuss with my brothers. It's not bubble because , bubble is not because Multan is not just launched in last week. Multan in ground launched happened in 1 and half year ago. It has already seen its bad patch in reality it's still been 200% cheaper then normal farigh towns. In those crap towns are selling land for minimum 4 lakhs per marla if you multiply these marla into 20 marla a it becomes 80 lakh each kanal. So if we minus our development charges means 80 lakh minus 17 lakh = 63 lakhs so realistic plots will start from minimum 65 lakhs it's not bubble because it's going towards its maturity and it's still very cheap. People challenged on same forum I had critics aswell but I said 4-5 lakhs immediate increase can some expect soon and probably in the night but every body on this forum said no. I am in property business aswell in international market in uk. So with my experience trust this investment and still buy it it's good deal trust me. In prism you need to spend 1 crore to get 20-40 lakhs profit with this one Multan Dha you will make good on pounds. I am not taking this as Pakistan investment I am taking it as international Salam to everyone. Multan DHA is not bubble the way I take it let it discuss with my brothers. It's not bubble because , bubble is not because Multan is not just launched in last week. Multan in ground launched happened in 1 and half year ago. It has already seen its bad patch in reality it's still been 200% cheaper then normal farigh towns. In those crap towns are selling land for minimum 4 lakhs per marla if you multiply these marla into 20 marla a it becomes 80 lakh each kanal. So if we minus our development charges means 80 lakh minus 17 lakh = 63 lakhs so realistic plots will start from minimum 65 lakhs it's not bubble because it's going towards its maturity and it's still very cheap. People challenged on same forum I had critics aswell but I said 4-5 lakhs immediate increase can some expect soon and probably in the night but every body on this forum said no. I am in property business aswell in international market in uk. So with my experience trust this investment and still buy it it's good deal trust me. In prism you need to spend 1 crore to get 20-40 lakhs profit with this one Multan Dha you will make good on pounds. I am not taking this as Pakistan investment I am taking it as international investment take benefit of it. Let me make you clear I am not making money from selling you the land I have no interest what so ever . But I am trying to share my views with you guys. As I get lot of knowledge from you guys all seems to be perfect in their own expertise. Forget about my errors or mistakes but try to get my point.Rest Allah knows the best take benefit of it. Let me make you clear I am not making money from selling you the land I have no interest what so ever . But I am trying to share my views with you guys. As I get lot of knowledge from you guys all seems to be perfect in their own expertise. Forget about my errors or mistakes but try to get my point.Rest Allah knows the best

Kriz� replied on Thursday, May 26, 2016 10:05 PM PST

New Proposed Taxes

http://www.express.com.pk/epaper/PoPupwindow.aspx?newsID=&Issue=NP_LHE&Date=20160526

AHMAD HASSAN� replied on Thursday, May 26, 2016 10:24 PM PST

Despite all this, Multan file closed at 41. Demand and supply phenomena always exists. Affidavit files sold and balloting is due now

Ashfaq� replied on Friday, May 27, 2016 12:25 AM PST

By the grace of Allaah the Almighty, I am long term investor and I have no concern with short term surprises, market correction or bubble burst. I think this must be the target of all long term investors. Allaah the Almighty knows best.

Ekrar� replied on Saturday, May 28, 2016 01:28 AM PST

KB20, time to sell ur DHA Multan files NOW ...get the tickets back to pak!

KB20 replied on Saturday, May 28, 2016 03:50 AM PST

Ekraar not yet Smile and wave bro not now would be too early to sell. See where it will end.

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