Lahore Real Estate Forum

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(75407)
Tuesday, August 2, 2016 05:38 AM PST 
Now it is official

Now it is official
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(75406)
Tuesday, August 2, 2016 05:37 AM PST 
Now it is official

Now it is official
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(75404)
Tuesday, August 2, 2016 03:12 AM PST 

Bahria Town Karachi: Greed unlimited

Breaking News . Supreme Court Bahria Town khay Karachi M Kam Band Karar jo order daiye chhadeo */ Investors Pareshan.

Sheikh_at® replied on Tuesday, August 2, 2016 03:20 AM PST 

Nothing will happen. Already malik riaz has tweeted mentioning work will continue as before.
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(75403)
Tuesday, August 2, 2016 03:02 AM PST 

Asssalam o alaikum. My best regards for LRE team for doing wonderful job.
Please evaluate plot 36/2 Block GG dha phase 4.

Hassan Niaz replied on Tuesday, August 2, 2016 04:05 PM PST 

Dear Sir,

Your plot near GG 36/2 can be sold around 135 to 140 lacs.



Hassan Niaz
+
Lahore Real Estate
Email:INFO@LREPK.COM
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(75402)
Tuesday, August 2, 2016 02:46 AM PST 

اسلام علیکم

میرا ایک سوال ھے اگر کوئی فائلر نہی ہے اور اس نےتکس ریٹرن فائل نھی کی
ھوی اس کے نام جو بی پراپرٹی ھے کیا۔وہ کالا دھن ھے اگر ھے تو اس کو کس ترا سے وائت دھن کیا جا سکتا ہے شکریہ
اورسیز پاکستانی

NT replied on Tuesday, August 2, 2016 05:16 AM PST 

If you send money through legal channel, even if you didn't file return , you money/property is white.
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(75401)
Tuesday, August 2, 2016 02:45 AM PST 
karachi fair value table

Is this the correct and confirmed fair value table for karachi?
Does anyone have it for lahore?
CMY?

Aldwin® replied on Tuesday, August 2, 2016 03:10 AM PST 

Correct me if I am wrong please. To buy a 1 kanal plot in ph 8 of dha karachi valued at 1 crore by fbr, a non filer has to pay approx. 5 lac total tax (advance income, wht on fbr rate and cvt, stamp duty on dc rate).

Most investors within Pakistan are non filers. If they have black money, they will then turn to stock exchange which coincidentally has reached almost 40,000 index points today!!!!!

Short term investment will not be possible. Long term holders will prevail. Government should take zero tax from first time buyers who want to build their homes.

CMY replied on Tuesday, August 2, 2016 06:47 AM PST 

First 12 months 50% of one crore of FBR rate will be used for tax calculations.

Next year 75% amount of current market price of FBR to be used for tax calculations.

Only in third full injection of 100% of FBR market price for tax calculations to be used on us. Syringe is big but this time only half medicine to be used from that syringe so we cant have a severe allergic reaction to it :)

Surfer® replied on Tuesday, August 2, 2016 07:41 AM PST 

Well said CMY Sb.
In my opinion only Lahore property will be on the rise now. What will you suggest to your loyal buyers & Sellers now who are looking for your go ahead to buy in Dha. I think its all clear now.

Aldwin® replied on Tuesday, August 2, 2016 12:30 PM PST 

Thanks CMY.
You still have not posted the FBR rates for Lahore DHA?
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(75400)
Tuesday, August 2, 2016 01:52 AM PST 

Please share new DC rate for DHA town file?
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(75399)
Tuesday, August 2, 2016 01:33 AM PST 

http://www.pkrevenue.com/inland-revenue/ordinance-promulgated-for-immovable-property-valuation/

Here is the newly promulgated ordinance for the valuation of immovable property.
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(75398)
Tuesday, August 2, 2016 12:35 AM PST 
Answers to LRE groups that may help others here too

[8/1, 7:47 AM] DW +92345..... : Fwd as received
---
ڈیلرز کو بےوقوف بنایا گیا ہے۔
کیپیٹل گین ٹیکس 1% سے بڑھا کر 10% کر دیا گیا
کوئ ایمنسٹی سکیم بھی نہیں دی۔
ڈی سی ریٹ بھی بڑھا دیا گیا۔
ہاں ایک فائدہ ہُوا ہے یونیں کے نمائندوں کو اسحاق ڈار کے ساتھ سیلفیاں بنوانے کا موقع ملا۔ جو کہ کامیابی سے فیس بُک پہ اپلوڈ کر دی گئی ہیں.

[8/1, 8:53 AM] Choudry Mujahid Yasin USA: Please always verify correct your information before sharing to others and do make sure dont spread misinformation un intentionally . Its not a joke people retirement money and life time savings are invested in real estate .

Capital gains tax was 10% last year and is still 10% this too and actually 5% for all who bought before property before July 1st 2016. 1% was Advance Income Tax collected last year for property above 30 lacs. Also this year no capital tax any more on Shuhda plots now and half capital gains tax for armed forces and civil servants plots . Overseas Pakistanis half capital tax was misprint in newspapers.
Yes DC rates will increase 35% on average from last year mostly in those areas where prices almost rose 100%+ in one year from last year and 100s of cities DC rates are unchanged till today so what is big deal here?

Please post my message where you got your message *As Recieved* and ask them to deny each fact above. I can prove each word i said with links .

AHMAD HASSAN® replied on Tuesday, August 2, 2016 01:21 AM PST 

Everything is same, yes there is small confusion that will be clear in few days. انشاءاللہ ۔ ۔ The most important thing is business should resum with same pace as this industry linked to many families. First time GOVT realised that this is also an industry.
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(75397)
Tuesday, August 2, 2016 12:30 AM PST 
Answers to LRE groups that may help others here too

[8/1, 11:08 AM] ‪+92 332.... : CMY sb.. Please elaborate *50% CTG on plots allotted to army personnel as benefit ???
[8/1, 11:29 AM] Choudry Mujahid Yasin USA: If military officers sell plot in first year after purchase if purchased after July 1st 2016 they will pay only 5% instead of 10% If sells in 2nd will pay 3.75% instead of normal civilian 7.5% and if selling it between month 25 to 36 from purchase they will pay only 2.5% capital gains tax. If property purchased before July 1st 2016 armed forces people will pay only 2.5% capital gains tax if sold any time within 36 months. After 36 months no tax and dont matter when bought sokd.
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(75396)
Monday, August 1, 2016 11:49 PM PST 

Dear

what can be the price of NFC phase 2, 157 J. Thanks
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(75395)
Monday, August 1, 2016 11:31 PM PST 
What ll be tax formula?

If I purchased a plot worth 45lac in bahria nasheman before 30 june 2016 and if I sale it @47 lac next year what would be new tax formula? Though Bahria dont know that for how much I purchased they just took their transfer fee of 88000.
Please guide

:h :h :h

User_9325® replied on Monday, August 1, 2016 11:52 PM PST 

if yu have paid CVT, Stamp duties etc then yu have to consider this tax issue. most projects of bahria are not approved properly hence there is no taxes in those. FBR cannot trace yu if yu only have paid bahria
transfer fee
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(75394)
Monday, August 1, 2016 11:31 PM PST 
What ll be tax formula?

If I purchased a plot worth 45lac in bahria nasheman before 30 june 2016 and if I sale it @47 lac next year what would be new tax formula? Though Bahria dont know that for how much I purchased they just took their transfer fee of 88000.
Please guide

:h :h :h

Sheikh_at® replied on Tuesday, August 2, 2016 03:21 AM PST 

Yeah, I also bought in Bahria karachi, paid only
transfer fee.

FAA.awan® replied on Tuesday, August 2, 2016 04:42 AM PST 

Yes,bahria town new and non approved projects are safe from Fbr as nobody has track record except bahria office.Rest will be cleared soon.
Dear Ali Farhan,Bahria Nasheman is approved project but do n't worry malik Riaz will try to compensate his clients as he already compensated last year by reducing
transfer fee 50 thousand out of 1 lac for 5m plot.He will try to save his business Empire at any cost.He cannot leave bahria town's customers alone,in
this hard time.Wait a few days more and see what will happen in coming days.There are thousands new ways for malik sb as he can declare your transfer letters as open files by putting on it just a singal stamp of open file.
As many transfers are without cvt or stamp duty etc.Bahria town is a private soceity like a factory ,and the owner is all in all in it, he can change his polices very easily according to new situations.These are my personal informations and observations,I may be wrong.

Aldwin® replied on Tuesday, August 2, 2016 03:57 PM PST 

FFA.awan
Bahria has shared details of its members and their holdings from kchi, lhr and isb with FBR already as required by law. So your description is not entirely accurate.

FAA.awan® replied on Tuesday, August 2, 2016 04:58 PM PST 

Dear Aldwin, I think you are not fully aware of Bahria town's polices ,plannings and tracks.Bahria town provided only half information to FBR only for those properties which are already in govt notice and approved by LDA ,CDA etc.Bahria cannot provide data about new projects and cuttings(open file etc).As all these cuttings are recordless in any govt instituation.So far my information,Bahria will deal all these non approved projects according to its sweet will until these projects got approval ,and it will happen in next govt period.You will be surprised to know that Bahria town canal road C and E blocks are still not approved by LDA ,Grand mosque is also in E block.How can bahria hand over new projects record to FBR easily.Bahria management is not as simple as you think.Bahria will do it for its bussiness benefits.wait and see.

Ali Farhan® replied on Tuesday, August 2, 2016 10:23 PM PST 

I am afraid how will it work for bahria town in this situation while Gov is now trying to make everything transparent and legal in real estate business? DHA new DC rates have been finalised and published today but we have'nt heard anything in Bahria town about this issue.
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(75393)
Monday, August 1, 2016 11:16 PM PST 
price evaluation

kindly evaluate plot no. 444 F and 576 D in LDA avenue 1
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(75392)
Monday, August 1, 2016 10:36 PM PST 

Please someone confirm, is withholding tax and advance tax two separate taxes. Plz confirm what are the latest WHT and/or advance tax ? For sellers and buyer.
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(75391)
Monday, August 1, 2016 10:13 PM PST 

LRE team,

Please explain what is meant by (MS2207 / A06MS2207) against plot listed on web page.
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