Lahore Real Estate Forum

Monday, December 15, 2025 07:48 AM
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(144)
Thursday, October 20, 2016 01:16 AM PST 

Dear LRE Team,
I have a plot near in prism near K-535. Kindly evaluate its worth now and whether I should keep it or sale it.
Thanks and awaiting your response.

Lahore Real Estate replied on Thursday, October 20, 2016 01:47 PM PST 

Dear Mr Sohail,

Your plot near K 535 is valued around 90 lacs ( With previously due installments paid).

Sell it, because prices comes down due to taxes choice is yours.



Mian Waqas
+
Lahore Real Estate
Email:INFO@LREPK.COM

Nabeel® replied on Thursday, October 20, 2016 03:00 PM PST 

Good advice by LRE for short-to-medium term holders.

I think everyone agrees that Prices have either decreased are on hold since last 4 months.

In best case scenario,they will continue to be on hold going forward for 3 months or 6 months or more. However, the development charges need to be continued to pay so this equates to an overall net decrease in value month-on-month.

In more worse case scenario, prices will continue to inch downwards, and added with the cost of development charges will be a big burden for those unable to hold long term, and result in bigger value decrease.

Ramzan Ch replied on Thursday, October 20, 2016 05:01 PM PST 

Mian waqas is recommending to sell the plot and CMY is recommending to invest in prism 9

Ramzan Ch replied on Thursday, October 20, 2016 05:01 PM PST 

Mian waqas is recommending to sell the plot and CMY is recommending to invest in prism 9

Ali replied on Thursday, October 20, 2016 05:06 PM PST 

Mian Waqas sb I cannot understand your logic its mean all people sell their holding due to taxes

Ali replied on Thursday, October 20, 2016 05:10 PM PST 

What a non sense Mian Waqas Sb

Sajjad replied on Thursday, October 20, 2016 05:12 PM PST 

It mean due to taxes all people sell their holdings in property sector

Surfer® replied on Thursday, October 20, 2016 10:08 PM PST 

@ Ch Ramzan sb.
As I have seen your request of evaluation regarding your plot in PRISM K block.
Seen your plot on map of PRISM.
Few things to discuss:
1. K block is like J or H block near to LRR.
2. Your plot is located on 60ft road attached to 120ft road on a walking distance.
3.you have a walking distance to Main sector park & Masjid of K block.
"What ever buyer needs in Dha plot atleast a nearby park"
With due respect I totally disagree with statement given above without quoting & mentioning anyones name.
Seen few people here reflects the wrong senerio of PRISM market for the last few weeks. Good locations are still now a days been quoted by the dealers on 125 plus & buyed by the long term Investors & final dream House makers like me around @118 to 120 not talking about Excellent ones.
keeping in mind the current market condtion & Current senerio of taxes & Remaining development Charges.
What we pay before as total expence on transfer is 3 lack including commission & now
4lack 50 thosand as filer & 5 lack 50 thosand as non filer including commission
WHATS THE BIG DEAL? BEFORE & NOW If you are buying property of 1 Crore plus.
But most of the people not aware whats really going on these days?
Yes I agree transfers are less but not stopped. Today more than 30 tranasactions are been observed in DHA office out of those 90% are of PRISM.
Who are those people? Guess yourself.
Dha Town is not available in less than 50 to 60 lack. Even these days plots near graveyards are demanding around 45 plus.
Where is that plot? That is been avaialble @ 35. In 9 town. I am buyer @ 45 lack in C block Average to good plot.
With Due apology in your post I discussed the above factors.
I strongly recommend you to hold your plot for comming 3 to 4 years.
"In shaa ALLAH" hopefully you get the best.

MY replied on Friday, October 21, 2016 02:10 PM PST 

I am not able to understand this character named "Surfer" if some body share his opinion about prism and god for bid if it is negative this character becomes furious. Hold on please. If you are not ready to listen to others opinion and you are 1000% sure of prism, keep your entire investment in prism and sleep tight, why you are bothered for discussions on this forum. Let the open discussion happen on the forum and we donot enjoy your comments (always positive, while market going other-way) on each thread about prism. Misguiding people is also sin. الله حافظ

SIM replied on Saturday, October 22, 2016 12:57 AM PST 

Mian Waqas doesn't reply any queries. Avoid him for any deals with LRE
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Monday, October 3, 2016 02:39 PM PST 
FBR imposed 5% tax on map approval

It appears that the process of imposing taxes on the property sector is not over yet. The Federal Board of Revenue (FBR) has imposed a 5% tax on the approval of map for commercial and residential projects. Initially, the tax will be applicable on the housing societies that fall in the jurisdiction of Lahore Development Authority (LDA).

Earlier in July, the Excise and Taxation Department announced that owners of plots that have been vacant for two or more years would be required to pay a tax of 10% of the property value. Since this tax on empty plots would be collected by the provincial government, it will be calculated per the Deputy Collector’s rate. So you can’t keep a plot vacant without paying a 10% tax on it and any construction on it is now more expensive due to the 5% FBR tax, which would be calculated per the FBR valuation tables.

The tax on layout plan approval was announced on September 23, 2016 and the FBR has also intimated LDA in writing to implement this tax. The folks looking to submit a layout plan of their house or plaza in LDA office for approval would first need to pay 5% tax to the FBR. Without the FBR receipt, LDA will not entertain any application. LDA has also directed the directorates concerned to implement FBR’s new tax policy.

For the layout plan of a 3-marla residential unit, FBR will charge PKR 20 per square feet. For 6-marla units, the rate is PKR 40 while for layout plans of residential units bigger than 6-marla, the rate is PKR 70. For commercial buildings, FBR has implemented a flat tax of PKR 210. Furthermore, it should be noted here that FBR has already imposed a 5% advance tax on real estate developers, and the developer can only apply for NOC for the respective housing society after they pay this tax.

Without debating whether applying taxes on the real estate sector is right or wrong, I must say that the situation is getting a little disturbing for the stakeholders. These taxes certainly have their merits and demerits but one thing is certain; the changes are happening too quickly and it is all a bit too much to handle.

SIM replied on Monday, October 3, 2016 03:24 PM PST 

Between the devil and the deep blue sea. Neither you can leave your plot vacant nor construct.

MS replied on Tuesday, October 4, 2016 08:36 AM PST 

i think it is to please rulers of UAE
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Thursday, September 8, 2016 02:12 PM PST 
Bahria Orchard 1 Kanal Brand new House For Sale

Bahria Orchard Raiwind Raod Lahore 1 Kanal Brand New House For Sale.

Its very good deal ready to move in Asking Price is 19.5 Million Rs

Pay 11 Million Rs at the time of transfer Balance in 2 years installments.

For more info Plz Call Or Email.

0300/322-4009766
masaeed786@gmail.com





:forsale: :forsale: :forsale:

sulie replied on Thursday, September 8, 2016 06:53 PM PST 

May I know what is original price at launch. I am interested in this property. Regards

SIM replied on Thursday, September 8, 2016 07:08 PM PST 

Is is ready for possession?
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Wednesday, September 7, 2016 01:23 AM PST 
Next move part 2

Next move part 2

Now notion is very clear we were ready to buy any property in Boom which will give us good maney in few months No matter waht was ground realities [ I personally never did that because I a mostly abroad and Can't take good Chance to sell in flying market only local investors with partnership with dealers can do this business]
In slum people will and should be buying properties which have following characteristics, already materialized, Possession given or at least ready , preferably some Houses are being constructed there, and Last but not least that these properties escaped investors eyes in last one year only due to fact that their prices were not increasing on Daily Basis, These properties will resit any price fall in slmp not only that, As the buyers are looking for such properties prices may increase even during slump.
CMY have Found 4 such propensities and he will share with us one by one, I am myself doing price research to find properties which are developed, are dispute and Qabza free possession available and Kanal plots are in range of 60 to 70 in B class and 80 to 90 in A Class
For DHA Lovers Low budget plots in DHA Phase 7 are still good Buy Don't go on the boundaries of villages and try to find any this under 125 , For 5 Merla I 100% agree that CMY recommendation about DHA Town.

alpha replied on Wednesday, September 7, 2016 04:40 AM PST 

While your reccomendations are accurate, they are not precise in-regards to three year return

Khawaja Qasim® replied on Wednesday, September 7, 2016 01:23 PM PST 

Excellent analysis, thank you very much for sharing your knowledge. It really helps and please continue doing so!
I have one question regarding Prism. If decent plot few months back available at 120 if at present trading around 110-115. What do think a good price to buy the same plot? In other words, what is the current worth of 1 kanal good location in Prism?

Nabeel® replied on Wednesday, September 7, 2016 01:51 PM PST 

Thanks Jameel Sb.

Just wanted your opinion on maturity for Phase 7 and Phase 9.

Can we say that Phase 7 will be livable in next 2-3 years with running shops?

Comparatively can we say that Prism will become livable comparatively by around 8 years with running shops?

In your opinion what would be price of average 1 Kanal plot when society has become livable as in above scenario? Will it be around 2 Crore roughly?

Arif M® replied on Wednesday, September 7, 2016 01:57 PM PST 

When prism becomes live able there will be marginal difference in price of Phase 6 and Phase 9. Key question here is when it will be live able. Considering past record of DHA, I think it can at least take 10 years. But live able or not - prices will definitely increase with time.

Habib replied on Wednesday, September 7, 2016 02:53 PM PST 

I personally Like Mature Properties No Matter Boom or Slump. People keep on saying this Calf will give more milk than its mother, But Come one Calf is Calf and Grown Cow is Cow, How they should be equal in price or almost equal. This very Simple Logic, I still believe that in DHA sector there are many inflated areas, DHA Phase 8 should be lesser than Phase 6, One left and right side of Main Boulevards does not make Good and Bad Location, They have Much deep Land , Thekedar will never make Homes there to Kick start construction. Same is True for Prism where Calf is almost price of Cow, You will see people who bought at Boom will keep waiting. Exactly 2 years from now price may be same as of today, ie same price of 3 Paid Plot and 9 Paid Plot.
DHA is saying they will open most of DHA 8 for possession in Feb 2017, I say they cant open even 2 Blocks at that time let see who is correct.
I am sorry I have strong opinion but this is what I Think.

Observer replied on Wednesday, September 7, 2016 03:57 PM PST 

Habib sahib Burnol lagaiye

HassanHC® replied on Wednesday, September 7, 2016 05:39 PM PST 

Habib sab cow is phase . If you feel calf phase 9 or 7 prices are same as cow then not sure of your analysis.

But your analysis says cow is more exp and yes phase 86543 are way more expensive so it means calf prism or even 7 is reasonable as cow phase 6 8 5 avg 2-2.5 crore and even 3 crore. Whereas calf prism is avg 100.

You are not registered not sure if it is some other Habib

Arif M® replied on Wednesday, September 7, 2016 05:43 PM PST 

A good debate and discussion allows opposing opinions. These enable us to make balanced analysis. We can agree or disagree with the opinion but there should be no personal attacks. @ observer.

Nabeel® replied on Wednesday, September 7, 2016 07:18 PM PST 

Yes very useful to hear viewpoints of brothers. Payback period is very important when calculating Return on Investment. Any feedback on below:

If we assume Prism current relatively good (but not great) location plot of 120 Lakh will turn into a 250 lakh plot when Prism is up and buzzing in 8 or 10 years.Then Gain of 130 lakh over 8 or 10 years give total of 108% Gain: (130 lakh/120 lakh *100%)

-Annual Gain = 10.8% (Assume 10 years) or 13.5% (Assumes 8 years)
-Assuming Annual Inflation of 7% ,Real Annual Gain = 10.8-7 =3.8% or 13.5-7% = 6.5%

Therefore Real Annual Gain is 3.8% to 6.5% , for comparison MCB is currently giving 7% on Fixed Deposit of 1 year.

Habib replied on Wednesday, September 7, 2016 07:22 PM PST 

I was Comparing Phase 7 with Prism in Kanal Sector, and 5 merla In DHA Town and 5 Merla in Prism .
Cow Phase 7 and DHA Town
Calf prism
But I agree if Someone have invested on Mars, he will be offended when we say Come on your will never be able to reach there.

SIM replied on Wednesday, September 7, 2016 08:36 PM PST 

I agree with Habib sahib. Phase 8 is overpriced. Prices in W block have crossed 300 lacs without posession while just across the main boulevard in Phase 6 best plots are available for 250 lacs. Remember both phases are 10 years apart in time frame.

@anticipation replied on Wednesday, September 7, 2016 09:23 PM PST 

Dear Nabeel, U r missing one thing only in ur calculations.
Prism plot prices will be equal to phase 6/8 is after 10 years.
But do you think phase 6/8 plot will remain available at 250 after 10 years?
Brother, my guess is phase 6/8 plot will become of worth 6-7 crore at least after a decade years and same will be the price of prism then!

HassanHC® replied on Wednesday, September 7, 2016 09:30 PM PST 

PPL saying phase 8 is overpriced are saying this daily for last 2 years. last 2 years they have been saying and for last 2 years prices have been stable or better and consistently proven wrong who are saying it today also.
One thing is what we want to see and one is what actually happens. Ppl who don't have phase 8 want to see its prices down for many years and still insisting on it. Similarly many ppl want to see phase 7 out perform all the phases and still insisting so far it has not out performed phase 8 his younger brother for superior location advantage.

My conclusion that phase 7 is decent project and will see stable gains with passage of time. Phase 8 is still Boss of phase 7 for last 5 years and for future minimum 3 years. Keep on hating it from last 2 years to future 2 years.

Now come to Prism keep on hating its location and never compare it to phase 6 or 8 prices as it will not suit prism bashers.

In conclusion in DHA Lahore ppl have 2 good investor grade options Phase 7 upper blocks not BRB blocks and Prism good blocks. Now make up your mind one is ready and other has great location and will be ready down the road 3 yrs or 30 yrs. Both will give you decent returns.

Jameel Mughal® replied on Thursday, September 8, 2016 03:44 AM PST 

Hassan I like your opinion which is usually balanced and not offending any, but sometimes it does not show Clear Direction.
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Friday, August 26, 2016 12:29 PM PST 
Today DAWN editorial about falling remittances

ANY which way one looks at it, the steep fall in remittances received in the month of July is worrying. The inflows this year dropped by 20pc compared to July last year. Some attribute this drop to a post-Eid dip, but no such dip was seen in previous years, and considering the numbers are comparing the July data from last year and this year, any such fall would be accounted for in both.

Declines are broad-based, happening in countries ranging from the US to Saudi Arabia, the UAE and other GCC nations.

All three sources of foreign exchange inflows for Pakistan are showing similar trends, with FDI and exports also falling consistently. The State Bank and the IMF have, in their own way, warned about the vulnerabilities in Pakistan’s external sector.


The strength of the external sector is built primarily on exports, FDI and remittances. Once all three of these indicators show sustained declines — and going by recent data an accelerating decline — there are grounds for serious concern about the underlying health of the economy. The government’s growth story is now at stake. Managing an economy is about more than just the GDP growth rate and foreign exchange reserves. If the government has no ideas on how to arrest or reverse this trend, it is laying a very poor foundation upon which to build its legacy.

Source DAWN NEWS

SIM replied on Friday, August 26, 2016 02:56 PM PST 

Thanks to Sir Ishaq Dar.

Ahmad786® replied on Friday, August 26, 2016 03:52 PM PST 

Those who were justifying these taxes by being loyal to government should see how more taxation impacts the economy.

AHMAD HASSAN® replied on Friday, August 26, 2016 04:08 PM PST 

Taxes aren't single reason of current remitance decrease. We have to look others factors too. 1. Drop of oil prices ( hopefully prices will be recovered in next year). 2. Job cuts. Some countries are going to put limits on outbound remitance too as well as salary taxes. One wouldn't be able to send more than monthly salary in one month. More than that am afraid from NS & Ishaq Dar habits to repeat all mistakes & pray that they will not freez FC accounts.

Badar replied on Friday, August 26, 2016 06:06 PM PST 

Sir Ishaq Dar is genius.

Khan form USA replied on Saturday, August 27, 2016 12:19 AM PST 

I don't think it has anything to do with Tex reform!
There is a problem with oil prices. Which has effected a lot of Pakistanis in the middle east. As we know, many many focus not been getting paid for a while. So they can't send any remittance.

Second largest remittance was coming from USA. After 9/11 most of the Oversees Pakistani in the USA started to buying properties in Pakistan. Which now they realize that they need this money in the USA. They are getting closer to retirement and they Children are growing. They definitely can use this money here in the USA.

KK® replied on Saturday, August 27, 2016 01:51 PM PST 

the main reason is immediate decision and implementation of such rubbish decisions by our genius ishaq dar sb... whenever such big decisions are made they are publicized and time given for implementation....like VAT is going to implement in GCC from 2018 they have made decision informed well and now implement not overnight but on time given. but who will make these jerks understand as they have their own intersts
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Tuesday, August 16, 2016 05:02 PM PST 
DHA phase 6 & 7 Boundary Wall

I have recently been informed by an apparently credible source that DHA plans to start a boundary wall for Phase 6 and 7. I did not have the opportunity to verify this but I am wondering if anyone else heard the same news?

Can anyone please verify if this is correct or incorrect? I am not suggesting that the news is necessarily correct but some insight on this would be greatly appreciated.

Perhaps CMY could shed some light?



SIM replied on Tuesday, August 16, 2016 05:10 PM PST 

It seems unlikely due to the huge size of both Phases.

Mian® replied on Tuesday, August 16, 2016 06:11 PM PST 

Already done in PRISM.

Uber replied on Tuesday, August 16, 2016 07:19 PM PST 

@SIM: Could be unlikely but not due to size. As mentioned by Mian sb, Prism is huge compared to these two phases yet it has a boundary!

Lahore Real Estate replied on Tuesday, August 16, 2016 08:56 PM PST 

Dear Sir,

Nothing of that sort is happening.

Lahore Real Estate
Email:INFO@LREPK.COM
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Monday, August 1, 2016 05:18 AM PST 
Introducing Fair Market rates real win for the Government

I think the government played its hand cleverly and used the age old tactics of inserting some clauses that it planned to withdraw in the first place i.e. like state bank evaluators, high CG rates at smaller year duration, etc. In return, they fooled their counterparts by introducing notification of fair market rates by FBR !!!! This is their real win. They will determine the market price for federal taxation rather than rely on dc rate which could not be increased too much since provincial governments need to acquire land from public at these rates. We all know FBR is more corrupt than state bank itself. So what is the advantage gained by real estate negotiators in this? I fail to understand.
Percentage could be small this year, but they will keep increasing the percentage in the later years. This is what this government does best. The real estate negotiators should have outrightly rejected any market price determination by FBR and stood their ground on using dc rate as the basis for all calculations.

User_6006® replied on Monday, August 1, 2016 05:18 AM PST 

As a new comer and student into property trends i can clearly tell you what is going on and near future ,
Govt clearly made up mind to distribute public investment into other sectors like small business , commodities , saving schemes , bonds .
Current taxes settlement will add further backward pressure on market , because it's still high taxes , govt tricked us by imposing so high and than minimising it to what they have real in mind
Property works on it's cycle , with 2011 recovery to 2016 boom , market is going into slump natural phase , no matter of how much govt investing in lahore , in slump phase plot remain of same value even given possession
With less buyer in future nothing good i can see , beside govt should strengthen this sector to survive slump acted against it
Agents/dealer trying their best to keep moving things but they will and public taste repeating history from .

User_6006® replied on Monday, August 1, 2016 05:37 AM PST 

Govt complicated things a lot , so many bad news about it on media , over discussion etc ,only resulted into loss of trust into property sector , govt in haste and greed of more taxes or in try of moving people towards other flop sectors successfully shake trust of people from property , it will hurt investor a lot , till next elections property market will see genuine buyers only , investor already started moving abroad , or in other sectors . welcome bad phase , more seller hold more he loose now

doctor replied on Monday, August 1, 2016 06:20 AM PST 

I fully agree with you ;

they made every one fool here. their whole idea was to enforce FMV and inc DC rate to get more taxes and inc limit of CGT to 3 year holding !!!

real estate dealers/ stake holders were absolutely made fool

SIM replied on Monday, August 1, 2016 11:23 AM PST 

In my opinion 4% advance tax on fair market value will be the biggest problem. If you buy a commercial plot worth 10 crores, you will have to pay 40 lacs as advance tax only. Which previously was negligible on DC rates.
Karachi dealers have already rejected the deal and announced protests. I think big win for Govt.

HassanHC® replied on Monday, August 1, 2016 11:31 AM PST 

Lahore dealers have accepted as here DC rate was not hugely different. Sir Jee it's refundable when you file taxes. Plus will be adjusted against any other tax due. Also non filer if files tax can get it back. All in all go to zameen forums most of the dealers are looking confident and relieved.

HassanHC® replied on Monday, August 1, 2016 11:31 AM PST 

Lahore dealers have accepted as here DC rate was not hugely different. Sir Jee it's refundable when you file taxes. Plus will be adjusted against any other tax due. Also non filer if files tax can get it back. All in all go to zameen forums most of the dealers are looking confident and relieved.

Szaidi® replied on Monday, August 1, 2016 01:17 PM PST 

It is a good win for Govt. Beside increasing tax rates they have taken power to decide market rates every year. So now every year market rates will be increased. Also power to decide market rate will be in the hand of FBR instead of SBP. SBP would be much fair as compared to FBR. Now FBR will use tactics of increasing market rate every year for some higher value and after protest of dealers and people they will give discount of few percent. So it will be win-win situation for Govt. But in spite of all overseas Pakistanis has no other choice but to invest in property. So growth will still be seen in property market.

Tahir Islam Bokhari replied on Monday, August 1, 2016 03:37 PM PST 

Dear Friends, the Govt. can only win if the investors will also win, otherwise the Govt. will be a bigger looser as it has already been proved in the last one month when several times less tax has been collected compared to previous months.

But I think that the confusion among people is a bigger issue than the taxes . Its actually a winning situation for the investors also under the current scenario.

Fair Market Value is better for you as a tax payer rather than current DC Rates. You would not pay any Gain Tax if you buy and sell s property in the same financial year as Fair Market Value will remain the same. Gain Tax is imposed on the difference between Purchase and Sale Prices.

But if you wish to maintain DC Rates, then more of your white money will become black as you would be posing to buy and sell your property at (less) DC Rates rather than Fair Market Rate.

The real issue is not the New Tax Rates, as they would not make much difference as compared to Previous Tax Rates. But the real issue is the confusion among investors regarding additional amount of tax they would have to pay in a single property transaction.

Fortunately, the new agreement with Govt. has cleared the dust, and the situation remained almost the same with just a little more taxes.

But unfortunately, due to ill informed discussions by some of the members is maintaining and creating further confusion. I would request my friends to avoid adding confusion based on assumptions and unfounded apprehensions.
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Sunday, July 31, 2016 01:16 PM PST 
Short term investor will shift to 5 marla

With the new tax amendments, basic threshold of Rs 3 million for the application of withholding tax on the purchase of immovable property has been enhanced to Rs 4 million. Any transaction within one year will be subject to 10% gains tax above the threshold.

This means 5 Marla plots will be new turf of short term trading and their prices will be jacked up. This will be disadvantageous to smaller property buyers to build house. But as soon as it reached to 4 million then is the level playing field because it has entered into tax limit. By hitting 4 million threshold will have lost the advantage of being CGT free and may lost interest with short term traders.

HassanHC® replied on Sunday, July 31, 2016 01:28 PM PST 

Zahid Saab short term trader is still happy as within one calendar tax year rate list is same. So do sale purchase at official price between July 1st 2016 to June 30 2017 will have no tax trigger. So 3 kind of ppl will gain the most.

A. PLOTS UNDER 40 LACS
B. SELL AND BUY INVESTORS DEALERS WITHIN SAME TAX YEAR TILL NEXT JULY 1 2017.
C. LONG INVESTORS OVER 3 YEARS

Win win for all

Open Eyes replied on Sunday, July 31, 2016 03:21 PM PST 

Everybody is focusing on CGT.....no one is talking about WHT impact, which will be the real killer for short term investors as from onward it will be calculated on FBR rate.....The negotiators are happy but in my opinion they miss this point (If base in increase then WHT rate must come down as Ishaq Dar advise to provincial governments to increase DC rate and reduce tax rates)

SIM replied on Sunday, July 31, 2016 04:40 PM PST 

You are right. Paying 4% advance tax on market value will be a big chunk of total amount.

HassanHC® replied on Sunday, July 31, 2016 08:24 PM PST 

In Pak avg plot gained 20% so ppl still want to buy.
Plus WHT is refundable when you file tax.

User_6006® replied on Monday, August 1, 2016 05:28 AM PST 

govt have shaken the trust of investor successfully . no buyer in market you will see in coming days ,govt purposefully complicated all , only genuine buyer will be available in market , actually in my view in greed and haste govt kill his own earnings
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Saturday, July 30, 2016 09:53 PM PST 
Property Evaluation Win Win for all

Agreement reached on following decisions. legislation and notification will be issued
1. holding period reduced from 5 to 3 years
2. new fair values will be issued
3. CGT 10%, 7.5% and 5% for three years
other details in press soon
:cl :cl :cl

Muhammad Asif® replied on Saturday, July 30, 2016 09:57 PM PST 

good news... source?

KK® replied on Saturday, July 30, 2016 09:57 PM PST 

If u sell after 3 years then no capital gain tax??

BAJWA® replied on Saturday, July 30, 2016 10:00 PM PST 

yes no CGT for more than 3 years and value for WHT increased from 3M to 4M.
source is Ishaq Dars and real estate representatives press conference

Umer135® replied on Saturday, July 30, 2016 10:01 PM PST 

Now 10% CGT on sale within one year. But how? can anyone explain please. As the FBR valuation will remain same for one year, means purchase & sale value same for the subject year,so no capital gain (sale-purchase)
Experts opinion are appreciated in this regard.

Usama Javed® replied on Saturday, July 30, 2016 10:06 PM PST 

Congratulations to All. Much needed breakthrough indeed.

manan replied on Saturday, July 30, 2016 10:10 PM PST 

Bawja sb
please post calculation of all taxes. For example kanal prism plot if purchased or sold after 1or2or3 years.

AHMAD HASSAN® replied on Saturday, July 30, 2016 10:44 PM PST 

These would be successful for those who were involved in talks with GOVT. Win win for GOVT only. Only FBR will decide fair values of market which canot be fair and they are going to probe previous data too. Don't be happy, say welcome to next slump in Market and wait for FBR notices at home.

Asad replied on Saturday, July 30, 2016 10:53 PM PST 

Congratulation to All" Great News
Thanks God

SIM replied on Saturday, July 30, 2016 11:17 PM PST 

Price evaluation still by FBR. So what is the achievement? You dont expect any thing good from this Ishaq Dar.

Jameel Mughal® replied on Saturday, July 30, 2016 11:21 PM PST 

That is OK again for Long term Holders But Most of People who are
revolving here and there and help the property up beating Keep Less than 3 ys .
Another? 10%, 7.5% and %5 of what Difference of old DC and Fair market or Fair Market value?

Again I will say quick buying and selling is hall mark of any good Business and Economy does a lot of effort to keep this wheel revolving at fast pace, This will Cause slow down of Turn over. I don't know what Govt will be getting out of it.

Like If one Plot is Sold 3 times in Year Govt Gets a Lot of revenue, Housing society Gets and Dealers as well and Price appreciates, if You Force the people to Hold what benefit is Going to happen??

All 3 parties will get less revenue and only good thing that might Come is price will Come down a Bit as it will not be lucrative for business and hence end user may get some benefit.

In My opinion Govt should Come with more investor friendly Policies where turnover should be faster than Slower, Like making Processes faster, transparent and easier. If they are interested in CGT that should be %age of Fair market Value and should Not be 10,7.5 and 5 But reverse order 5, 7.5 and 10. This will encourage short term investors and sale and Purchase will Continue.

Due to all this education overseas People still have a Lot of Anxiety Conducting big transactions and Buying property, A Government Backed help cell should be there for legal and procedural support. And escrow should be introduced especially for the properties in pipeline.


Please refrain from any grata based Political comment and come up with better ideas

Real Estate is best replied on Saturday, July 30, 2016 11:34 PM PST 

Ahmad Hassan keep crying baby

Overseas Pakistani replied on Sunday, July 31, 2016 12:05 AM PST 

Now the govt robbers will evaluate your property and loot their share whatever they want in the name of taxes,doesn't matter if anyone gain or loose even some capital amount after paying these unfair taxes.
Another poor strategy to take the real estate business to a worst stage...Remember there are many people & industries are associated with success of real estate like real Estate agents,labor class people,cement industry,sanatory & other household items industries etc archetects,civil engineers and many more
Buyers will have fear for buying the property and eventually a massive capital flight may occur from our country which may create unemployment and heavily reduced country's economy
Concerned authorities should think about it and dealers should arrange a protest again...

Arif M® replied on Sunday, July 31, 2016 12:07 AM PST 

This is better news for Property.

However, there are still some questions un-answered. A lot will depend on them.

1. How much rates FBR increases.
2. What about White and Black money issue. Proving that to FBR?
3. What happened with amnesty scheme. Do we still have to pay something to Govt for transactions made in last 5 years??

I agree with Jameel sb that property business will slow down due to these policies. Will it be good for pakistan industry or overall economy ? Only time will tell.

AHMAD HASSAN® replied on Sunday, July 31, 2016 12:08 AM PST 

Dear CMY, "Real Estate is best" is a kid & He doesn't "know ethics and tryinng to become personal. Kindly kick him out as he is unregistered member. I am surprised that still unregistered members are allowed. If it is allowed then why we are using our orginal IDS.

AHMAD HASSAN® replied on Sunday, July 31, 2016 12:14 AM PST 

KPK and all other provinces already rejected today agreement. This is for your info Mr. Real estate is the best.

Real Estate is best replied on Sunday, July 31, 2016 01:50 AM PST 

Ahmad Hassan it seems you did lots of transactions with black money thats why u have fear of FBR notice? Slump is not in market but on your nerves.

AHMAD HASSAN® replied on Sunday, July 31, 2016 03:05 AM PST 

Borrowed cats catch no mice. Ishaq Dar is relaying on money that he borrowed & looking ways to grab money from us now. Pakistan's external debts has crossed $76b. Babies like you will cry when this baloon will burst. I ve no fear from FBR because I work abroad and earn Hilal Money:)

Real Estate is best replied on Sunday, July 31, 2016 03:20 AM PST 

Great!

HassanHC® replied on Sunday, July 31, 2016 05:28 AM PST 

Very good outcome. I had many friends on fence who want to buy as
1 transparency. We know what to pay at
2 all old transactions are safe older then 3 yrs
3 rates are reasonable as 5% by 3rd yr
4 Lahore is getting so much infrastructure mega projects so paying tax on profit is fair and it is reasonable
5. This is on gains if next year rate up only then you will give tax of your gain. It is not flat tax.
6. Less then 40 lacs all 5 Marla plots big gainers. Sell and buy them as much as you want.
7. Now all transactions will be transparent no state bank values
8. I listened Ishaq Dar conference and frankly I dint imagined they will give in that much and that soon.
9. Over all neat clean and transparent development
10. Investors want clarity and they got. Rest tax on gains all over the world ppl pay lot higher then this
11. London you pay 28%. Canada where I am 25%.
12. Thanks to Allah
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