Lahore Real Estate Forum: Property News & Community Talk : Discussion Property News & Community Talk

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(78577)

Arshad

Tuesday, May 30, 2017 04:34 PM PST

Reply:

Tax on property file

Salam Brothers,

I live in Dubai and I have one file of 1 Kanal residential file at a housing society Lahore. I This file is almost 8 years with me since the society does not have enough land thats why plot was never handed over to me for past 8 years (all installments are already paid) hence it is in dispute now.

I have a notice now from Tax agency in Pakistan to Pay Tax on it. My question is how come I have a Tax notice on a property which is FILE (not a actual land)??? Is that possible?

Also I want to clarify that I have no other type of property anywhere in Pakistan (house, shop, file, land Nothing...!) I just have this only property which is in shape of file.

Hope any brother would reply . Thank YOu!

(78576)

Adnan Ali

Tuesday, May 30, 2017 03:03 PM PST

Reply:

Evaluation

Dear LRE Team,

Would you please evaluate the following residential plot:
DHA Prism 9, H-1651

Thanks & Regards

Adnan Ali

Abid replied on Tuesday, May 30, 2017 04:36 PM PST

Salam Brothers,

I live in Dubai and I have one file of 1 Kanal residential file at a housing society Lahore. I This file is almost 8 years with me since the society does not have enough land thats why plot was never handed over to me for past 8 years (all installments are already paid) hence it is in dispute now.

I have a notice now from Tax agency in Pakistan to Pay Tax on it. My question is how come I have a Tax notice on a property which is FILE (not a actual land)??? Is that possible?

Also I want to clarify that I have no other type of property anywhere in Pakistan (house, shop, file, land Nothing...!) I just have this only property which is in shape of file.

Hope any brother would reply . Thank YOu!

Ashfaq� replied on Tuesday, May 30, 2017 05:05 PM PST

@ Brother Salam,

وَعَلَيْكُمْ السَّلاَمُ وَرَحْمَةُ اللهِ وَبَرَكَاتُهُ

Its not a big issue. I experienced the same few years back. You need only to send some documents (like employment letter and copy of passport etc) to Tax department in reply of notification you received to prove that you are non resident Pakistani.

Absar Hussain replied on Tuesday, May 30, 2017 06:27 PM PST

Dear Sir,

H 1651 At 110 Lac. With Update.

Absar Hussain
+
Lahore Real Estate

Adnan Ali replied on Thursday, June 8, 2017 07:00 PM PST

Thanks Absar Hussain, appreciate your quick response!

(78575)

Arshad

Tuesday, May 30, 2017 10:23 AM PST

Reply:

Tax on property file

(78574)

DHA Multan Audio Message by CMY May 29 2017

Tuesday, May 30, 2017 05:29 AM PST

Reply:

DHA Multan Audio Message by CMY May 29 2017

DHA Multan Audio Message

Habib replied on Tuesday, May 30, 2017 01:30 PM PST

From Audio there is no mention about map or location of Plots, Means Ballot will be without map. DHA Lahore never conducted such ballot.

(78573)

DHA Multan Latest Official Video by DHA Multan

Tuesday, May 30, 2017 04:49 AM PST

Reply:

DHA Multan Latest Official Video by DHA Multan Team May 2017

DHA Multan Latest Official Video by DHA Multan Team May 2017

(78572)

ASA

Monday, May 29, 2017 12:44 PM PST

Reply:

Possesion Year of Prism Phase 9 D.H.A

Respected LRE,
I have 10 Marla Residential Plot in "L" block. I want to construct house on this plot within 2 to 3 year.
Please to evaluate the expected possession year.

Khalid Mehmood. replied on Monday, May 29, 2017 01:53 PM PST

Phase 9 will be delivered after 9 year of Ballot approximately, and livable after 5 years more.
You can estimate it when you may able to build it as previous history of DHA, even ok if DHA delivered it all in 2025.
Please do not take it personal its history of DHA.

Mir replied on Monday, May 29, 2017 02:04 PM PST

People here (who have been heavily influenced by self-serving dealers) will have you believe that possession is imminent in 2/3 years, whereas, any one with common sense can imagine that it'll take ATLEAST a Decade to deliver possession in phase 9. You will therefore be able to start construction, by 2028 (if you're lucky).

I remember once the balloting of phase 9 was done in 2015, most people here had a period of 3 years in mind for delivering of possession and created a hype. Two years later, you can see that possession is far off.

M Zahid� replied on Monday, May 29, 2017 03:05 PM PST

Those who have missed the train will tell you Prism possession is not going to happen in 21st Century. Its a scam, its a worst project and even some see the prices coming down as they themselves looking at prism upside down.
But if you ask the other side you will find many positives and lot of optimism. On ground development is progressing better than expected. K,L,M side is more advance than others and DHA may offer possession first from this side. First possession will be InshaAllah in end of 2019.

observer replied on Monday, May 29, 2017 03:47 PM PST

Zahid sb only one person is posting all this crap about prism using multiple names and IDs. CMY should intervene to block him. People have forgotten Allah, instead of seeking barkat from Allah they do envy others

sardar replied on Monday, May 29, 2017 03:50 PM PST

these people r talking so negetive about the prism n spreading a wrong informations for the reasons that they intend to make people get rid off their holdings on throw away prices,AND THEY WILL GRAB ALL THESE.it wont happen.mark my words that the prices are ascending and will keep on increasing despite of ur negative propaanda.

Mir replied on Monday, May 29, 2017 04:14 PM PST

Lol. How immature of everyone to assume that anyone speaking facts related to Prism has some ulterior agenda OR is using multiple IDs. Sach karwa hota hai. Everybody knows Prism was a hype and scam created by dealers. That does not mean that its not profitable, all I am saying is that there is a good chance that the hype will not be sustained and nobody will have buyers at inflated prices when it'll be more clear that development will take AGES.

Learn to disagree without using foul language and with logic.

I wish no one any loss.

Investor DT replied on Monday, May 29, 2017 06:53 PM PST

Some people here bash Prism that it has gone down in prices over the past 12m etc and that there are no buyers etc. If I could share my experience of Prism over the past month.. I bought a kanal plot in June 2016 and just sold in past few weeks for about 10 lacs profit (after allowing for 4 development charges instalments). The point is there are still buyers in the market and there are still sellers in the market. People here often just make random statements without any evidence.

With regards to the development status, of course it will take sometime as it is the largest of the phases yet by DHA but it is progressing in the right direction plus the land doesn't need to be filled as was the case with phase 8. No wonder why the prices in the top location plots is crossing 140 lacs and yet not all development charges are paid.

In my opinion Prism still has a lot of juice left and in 2-3 years top location could be around 250 bracket in a likely scenario.

Adnan_Ali� replied on Monday, May 29, 2017 06:56 PM PST

Dear ASA, no need to be panic. Just believe in Allah, Here lot of people always ready to start debate about pro/con of Prism. since you have plan to build house after 2-3 years, its very rare chance that you get possession, but DHA promised for 3.5 years dev period starting from 1st Jan 2016, so even if you get delay more as worst case, then you will be able to switch from Prism to any other phase, Because after 2019 Prism will be at same stage where DHA8 was in 2015.

Sheikh Ghunaim Ahmed replied on Monday, May 29, 2017 07:31 PM PST

Dear,
Take the decision on the right time, Switch to Phase7 now and build your dream house ant time, otherwise it will make you screaming and cry the DHA. now am building my house in ph7, Y sector after 11 Years waiting. this is to let you know the facts, not disappointing you.
make your smart move that's it.

Regards

Ashfaq� replied on Monday, May 29, 2017 08:33 PM PST

Many people missed the train of Prism and now for the "the grapes are sour".

Mir replied on Tuesday, May 30, 2017 01:43 PM PST

People here are encouraging other people to invest hard earned money in Prism, (just to safeguard and increase the value of their investments and to obtain buyers in the market when they sell their plots at inflated prices). If anyone wants to build a house in the next 8 to 10 years, Prism is not an option for them. Its as simple as this.

Junaid Khan replied on Tuesday, May 30, 2017 01:46 PM PST

Interesting comments. Actually there is conflict of interests. One party is the actual owner who wants to build their home and purchased the plot for this sole purpose and others are investors/dealers who are vehemently opposing it. Looking at development history and livable conditions of DHA Prism is clearly 10 years from now. You can see that still see many deserted sectors in Phase-6, 7& 8. So if you want to build a house in 2-3 years then better move to other phase. If you want to retain it as investment then hold it for next 3- 5 years.

Going through all the discussion I am surprised how intolerant society we are. Instead of understanding the objective of other person and give him a sound and sincere advice we start beating our own trumpet.

Mir replied on Tuesday, May 30, 2017 02:18 PM PST

Completely agree Junaid. The person asked a valid question about building a house, and the clear answer that should be given to him is that the Prism will not be developed in 2/3 years, and not even in 7-8 years. And this is what the vultures and the mafia can't digest. A genuine buyer who wants to build a house will steer away from Prism for now ( and he is the end user). Any attempt at persuading him to wait it out for years (and perhaps a decade) is insincere and bad advice.

Uber replied on Tuesday, May 30, 2017 02:45 PM PST

Anybody who tells you that Prism is a bad investment or a scam is completely fabricating the facts or lying. Prism is an excellent investment and will yield very positive results. There is NO DOUBT about that!

Similarly, if anyone tells you that Prism will be ready in 2/3 years by some magic ultra fast lightening speed, that is a completely false information. DHA

Lastly, it is two simple questions with two simple responses:

1. Do you want an investment with great returns? Invest in PRISM. It is an ideal investment.

2. Do you want to build a house in DHA within the next 1-5 years and can not wait? Move to DHA 6,7 or 8 depending on your budget. Period!

Uber replied on Tuesday, May 30, 2017 02:51 PM PST

Just to add to comment above, even if Prism was ready in the next 3 years which is absolutely not possible (at most one block might be developed), it will take 5 years for it to be liveable which makes it at LEAST 8 years before it is worth making a house. The argument that it is surrounded by DHA phase 5 and will therefore be populated quickly is absolutely ridiculous. By those standards, DHA phase 8 should have had hundreds of houses being constructed because it is populated on all sides by Air Avenue / DHA 6 / airport etc yet it has VERY little activity despite possession. Same is the case with DHA phase 7. Even Phase 6 has taken over 10-12 years AFTER possession to get as far as it is now and still it has several empty blocks.

But as I have said above, if your plan is to make a home in the long term (8-10 years) or want very healthy returns on your investment, by far, DHA Prism is the best option in the market!

Habib replied on Tuesday, May 30, 2017 04:23 PM PST

If some one is holding prism for capital gain keep holding, If you are serious about home making then 10 years will a good guess 7 ys after ballot first few blocks will be opened for possession i.e. in 2022 and after another 3 years will be high time to start construction [this guess is based upon DHA phase 5,6,7, and 8 track record] and almost in 2 years same.

dont replied on Tuesday, May 30, 2017 06:01 PM PST

mr. mir.
dont use indescent language like using word of "vultures" in ur comment doesnt qualify u from a decent background.Here everyone has a little bit knowledge of such language n can be back fire as and when required. so better just express ur opinion n dont redicule anyone.just for ur advice.

zahid malik replied on Tuesday, May 30, 2017 06:12 PM PST

yes,mir
behave yourself and avoid using such language while addressing any community,group etc.we can also write such language but then there would not be any diference left.so better be careful.learn the basic mannerism.

Habib replied on Tuesday, May 30, 2017 06:46 PM PST

All people agree on time lines, the people who don't like to listen are those who are holding for price gain and think such comments demoralize and depreciate their holding. But I don't think that is true, in fact prism is a massive train when it started moving it kept on moving and now stopped will stay for some time.

Mir replied on Tuesday, May 30, 2017 08:31 PM PST

Yes, they'll have you believe that Prism will surpass Phase 5 in a couple of years. I have never seen so many people try so hard to sell a myth. I`m not taking an issue with whether the price of Prism plots will increase in the coming years, but surely it will not have any buyers if plot-holders start demanding prices equal to the phases where possession is available.

(78571)

Opinion

Monday, May 29, 2017 06:57 AM PST

Reply:

Hunting Property

This is the time to keep an eye on your favourite property areas wrt to price variations and start hunting them near the forthcoming elections as there may be another rally of price hike in case sitting government come into power again which is most probable. (Dont be offended if you think otherwise as it is just a thinking with no political concern). Thanks

Investor DT replied on Monday, May 29, 2017 06:42 PM PST

I have been monitoring the property prices situation for the past three elections and every time after election there is a strong rally. Whilst no obvious reason than mere more certainty in terms of political landscape appears to be the main cause behind such rallies. Good luck!!

(78570)

Monday, May 29, 2017 04:19 AM PST

Reply:

ATTENTION: EARN GUARANTEED 200% PROFITS, BEST INVESTMENT

Since I have your attention now.

What is the best place in Lahore to construct 1 kanal or maybe 10 marla house within limit of 25-28 million?

Should be good in terms of investment and should have good resale as I might just sell it after constructing it instead of moving in.

Mir replied on Monday, May 29, 2017 02:06 PM PST

You can buy an okayish plot and construct a good 10 marla house in that price range in Phase VI.

Or if you stretch your budget a bit, a kanal house is within reach too in Phase VI and VII.

(Or buy a plot in Prism and construct 15 years later :P)

Adnan_Ali� replied on Monday, May 29, 2017 07:00 PM PST

I do not understand your title "
ATTENTION: EARN GUARANTEED 200% PROFITS, BEST INVESTMENT,"

what is this about ?

Are you asking answer of your question or inviting investors for 200% profit ?

Please clarify. Thanks

(78569)

Sunday, May 28, 2017 10:55 PM PST

Reply:

Ramadan kareem mubarak.
I have a residential plot in phase 8 DHA. W block.
Want to start construction by end of 2017.
Wonder by then reasonable house building be in progress. In that block.
Is it good time to start building. So by end of construction in about 8 months. Would it be OK to live there or by then not any houses be around.
Kindly advise.
I am a abroad.

Jameel Mughal� replied on Monday, May 29, 2017 03:37 AM PST

Definitely you will be able to make home there in one year time, but reasonable population is not expected few years. As it is natural course of all phases, a good number of houses are only seen in 5 years time after possession. But again there are certainly some people who are brave enough to make home and live in it earliest likee first drop of rain

Ahsan� replied on Monday, May 29, 2017 06:48 AM PST

@jameel Sahib

Please give your analysis in detail on prism from now onwards? when is the right time to enter in it? price appreciation in next 12-18 months?

Friend replied on Monday, May 29, 2017 07:44 AM PST

@Ahsan; when you say PRISM; think for next next 12 years not just 12 months. Currently prices are showing significant downward trend.

Foe replied on Monday, May 29, 2017 12:47 PM PST

@Friend, one can clearly see you are a paid agent of Bahria

Friend replied on Monday, May 29, 2017 02:50 PM PST

@Foe, your guess about be in nothing but "Thaa" or "Aahoo" ! :)

(78568)

Saeed

Sunday, May 28, 2017 07:31 PM PST

Reply:

Dear
Khadium hussain bro
Please evulate dha phase 8 near 1146 v thanks

Lahore Real estate replied on Monday, May 29, 2017 06:12 PM PST

Dear Sir,
Your Plot Is Around 165 To 170 Lac
For More info Contact
Khadim Hussain
+
Lahore Real Estate

(78567)

Ahmed

Sunday, May 28, 2017 08:26 AM PST

Reply:

Bahria Orchard 4 Map

Requesting LRE to please post updated and final map of Bahria Orchard 4 Lahore. I can see lots of transactions happening at Orchard 4. It would be great if experts can forecast price trend and future of Bahria Orchard 4. Thank U

Dubai replied on Sunday, May 28, 2017 08:28 AM PST

It seems like Orchard 4 is becoming HOT after now balloting is done. Is this tue or again fake hype?

UAE amir replied on Sunday, May 28, 2017 02:33 PM PST

How are you all checking ballot results for bahria orchard 4 ?

No one is picking calls from bahria office?

Friend replied on Monday, May 29, 2017 07:47 AM PST

You can get your Orchard 4 plot details / number by sending an email at

Also do not forget to attach your receipt of 1st installment payment otherwise no reply.

Sad replied on Wednesday, May 31, 2017 04:16 PM PST

I sent an email.but no reply

amer alvi replied on Thursday, June 1, 2017 02:20 AM PST

Send email to all the email addresses on their website and do not forget to attach the receipt of paid installment

(78566)

Uber

Saturday, May 27, 2017 01:22 AM PST

Reply:

Budget 2017/18

:h :h :h :h :h :h :h :h

Budget 2017/18: I might be the only one hallucinating but has any spotted anything on real estate in the budget. I do not see any relief given in taxes which was widely anticiapted.

Friend replied on Saturday, May 27, 2017 01:23 AM PST

Yes you are the only one !!!

IAALI� replied on Saturday, May 27, 2017 01:36 AM PST

I think stages of CGT has been removed

Arif Khalil replied on Saturday, May 27, 2017 02:19 AM PST

Let's wait for the CMY to comment on this

Uber replied on Saturday, May 27, 2017 02:24 AM PST

That would be such a delight! Can anyone please elaborate?

Zeeshan replied on Saturday, May 27, 2017 03:31 AM PST

They Removed fixed tax on property which would be good for property industry InshAllah

(78565)

Naveed kamar

Saturday, May 27, 2017 12:24 AM PST

Reply:

Dear CMY LRE Team

Views on budget

Observer replied on Saturday, May 27, 2017 12:51 AM PST

Govt did not even touch real estate sector this year. They got afraid from last year mess

Server replied on Saturday, May 27, 2017 01:23 AM PST

@ Jameel Sb where do you think market is going to stand now.

Friend replied on Saturday, May 27, 2017 01:28 AM PST

It is common sense; market would fall further since no change in tax is announced so anyone can predict that property market trend would continue to be downward as even before the budget.

I would not use the word "CRASH" for the property but looking at for past 12 months history, property would slide further (aprox 20 to 30 % may be).

Allah is the best to know

Jameel Mughal� replied on Saturday, May 27, 2017 02:19 AM PST

I was expecting same that govt will not touch it again, but mind you this slowness is not only due to Tax issue but cyclic nature and to consolidate gains in 2011 to 2015 period which was about 400% gain in most reputed areas. I have been watching gradual addition of Taxes from 2007 to 2015 it never created slump. In 2007 I transferred a plot in 27000 Tr charges, Now same plot can be transferred in 700000 charges.
Wait few years and a new rally will start. In between depending upon your pocket fish the property at bargain prices, Though people are asking old prices but sale is at about 10% lesser than peak prices. To me property is Lahore is at right price not underpriced nor inflated.

DHA Multan Allocation file and DHA phase 10 file prices are indicators of overall mood and that is slow.

waqas replied on Saturday, May 27, 2017 04:12 AM PST

list your poperties on www.aarz.pk

For Lahore properties, do visit:

https://goo.gl/pCNQ8z

Asad Khan replied on Monday, May 29, 2017 03:08 AM PST

It's been 3 days since budget got announced but so far CMY sir has not given his input??

(78564)

DHA Multan

Friday, May 26, 2017 09:06 PM PST

Reply:

Balloting of DHA Multan announced on 31st May

DHA Multan balloting will be held on 31 May 2017 "In Sha Allah".
Office timings 31 May only.
From 31 May to 2 June 2017, no transfer / Allocation activity will take place in DHA Multan.
Verify your Application Status

Ali replied on Friday, May 26, 2017 10:55 PM PST

Pls throw some light on the budget

Raheel replied on Friday, May 26, 2017 11:47 PM PST

DHA Multan is in hurry so to rip file holders in the name of development charges.
Don't invest in real estate any more but just for the construction of your home.

(78563)

Dha town

Friday, May 26, 2017 07:36 PM PST

Reply:

Dear LRE team

Dha town of the market how long woud Be better?

Etihad replied on Friday, May 26, 2017 07:57 PM PST

Minimum 2 to 3 years ... So stop watching daily rates and sit back and relax

(78562)

Absar Hussain

Friday, May 26, 2017 07:05 PM PST

Reply:

DHA Phase 9 Town (Block wise Rate) (May 2017)

Block A 5 marla
50 To 68

Block A 8 Marla
75 To 90

Block A 10 Marla
110 To 120

Block B 5 Marla only
50 To 65

Block C 5 Marla
50 To 68

Block C 8Marla
75 To 80

Block D 5 marla
47 To 65

Block D 8 Marla
75 To 80

Block D 10 Marla
100 To 110

Town Commercial 4 Marla File
310 lacs

Town 5 Marla Residential File
38.75 lacs

For More Details Contact.

Absar Hussain
+
Lahore Real Estate �(Where dreams come true)
www.LahoreRealEstate.com

(78561)

Green Palms Gwadar

Friday, May 26, 2017 07:00 PM PST

Reply:

Green Palm Housing Project Gwadar

Green Palm Housing Project Gwadar

Khalid Javaid replied on Saturday, May 27, 2017 02:20 AM PST

Hope it's start of actual development works and not just a photo session......

(78560)

Green Palms Gwadar

Friday, May 26, 2017 06:58 PM PST

Reply:

Green Palm Housing Project Gwadar

Green Palm Housing Project Gwadar

Mohammad Reaz Jamal replied on Friday, May 26, 2017 08:08 PM PST

Sir,
What is the update status w.r.t. price and development, can anybody give some
details.

Regards

(78559)

Green Palms Gwadar

Friday, May 26, 2017 06:15 PM PST

Reply:

Green Palm Housing Project Gwadar

Green Palm Housing Project Gwadar

(78558)

Green Palms Gwadar

Friday, May 26, 2017 06:13 PM PST

Reply:

Green Palm Housing Project Gwadar

Green Palm Housing Project Gwadar

Gawdar replied on Saturday, May 27, 2017 12:59 AM PST

Development without machinery???