Lahore Real Estate Forum

Sunday, August 9, 2026 02:49 PM
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(75328)
Saturday, July 30, 2016 04:40 PM PST 
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(75325)
Saturday, July 30, 2016 03:37 PM PST 

Value of 2970 J & K 2312 & R 1700 prism
Please evaluate plot near subject plot and oblige
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(75324)
Saturday, July 30, 2016 03:14 PM PST 
MY understanding So far

There is Sum up of so Far developments in Tax Issue, Correct me if some thing wrong
Stamp and CVT is will be based on DC rate 3% Stamp and 2% CVT
There will be another Fair market rate or "Federal rate" withholding tax and Advanced income tax will be based on that for buyer 0.6 and 4% For Non Filer and 0.3 and 2% on Filer.
Seller will pay the 0.3 and 2% of Fair market Price withholding and advanced Income tax.
Gain Tax still no agreement as previous transactions sale deeds cant be retrieved in each and every area., Understanding is there are two Possibilities
[Current fedral rate - Previous DC Rate] X 10% [Unfair as it will be more than 10% of Actual gain]

Current federal Rate X 4% More likely to be Implemented

FBR tacking of White Money source is different issue, Possibly in each new deal source of White money as per "Federal Rate" will be Asked

FBR will Audit Last 5 years [not 10 years] Transection and will ask for White money source as per ? Old DC rate

Hopes
Hopefully all transactions in past will be considered white if declared [Still a speculation]

Caution
if Some Amnesty announced and people Fail to declare property and later FBR Audits and you are unable to Prove white money Source then Maximum Penalty can be 35% Fine of fair market Value at that time

Conclusion
Only Success so far is
No case to case evaluation of Property by State bank before each Purchase which was Not Practical anyway.
Reduction of FBR Audit from 10 years to 5 years

4Muzzamil® replied on Saturday, July 30, 2016 03:26 PM PST 

eventual result is that overall tax will be more than doubled along with CGT
source of money for all future transactions will have be told.

Jehanzeb Ahmad replied on Saturday, July 30, 2016 03:41 PM PST 

In the market, perception plays a very important role in determining
prices. If nothing changes fundamentally but most people think that market will go down, it will go down. Same for rising prices. Realistically if plots went up by 100% in the last two years, then they are bound to go down or stay stagnant for some years. If you just extrapolate previous trends, then a plot which went up 100% in one year should go another 100% the next year and so on. This does not happen. Property market was bound for a correction, and it could have been any reason, but now there is a very valid reason. In an economy with a growth rate of 3-4%, nothing can grow at 50% per year in the long run.

FRH replied on Saturday, July 30, 2016 05:15 PM PST 

During the last five years, I have bought and sold few plots but on sale deed, it was opened i.e. left it blanked. Will it be helpful in future?

Kureshi® replied on Saturday, July 30, 2016 05:20 PM PST 

It's a total confusion and inconvenience feel many people lime me have become victims of overthinking and stressed. If you see blogs and news papers sometime you feel that you were not indulged in some sort of crime instead of business. very sad to see role of few news channels and so called financial experts.

Let's wait till decision come by 31st July and then take positions. Till then, try catch ing some Pokemon with your kids, like CMY suggested some days ago :)

AHMAD HASSAN® replied on Saturday, July 30, 2016 05:23 PM PST 

None so blind as those that will not see. Indian subcontinent was ruled by an East Indian Company for 250 years. Unfortunately we are still being ruled by such corporates. GOVT canot launch any policy uless or untill it is not in benefits of corporates or advised by powerfull groups. And if GOVT officials failed to do so these corporates have authority to sack GOVT or even led countries to war. One of recent example is Cochabamba Water War 1999 when a company take over 50% water supply of a Country. I canot belive that impact of new taxes wasn't calculated by GOVT. They are very smart & experienced group of companies. Now please link all happenings in Pakistan with CPEC. Due to limitations I don't want to mention names or write something directly but just want to say that an international plan has been launched to spoil this project. Property taxes are part of this game too. Not all Pakistanis are being effected as hunger find no fault with cook. Only limited honest with Pakistan investors, overseas Pakistanies and real estate business owners and employees are being targetted and discouraged to bring or keep money in Pakistan. We all are in same boat, hence little boats must keep the shore, larger ships may venture more. Means this fight is between real and major stakeholders of real market, they will bring GOVT on knees and will tell GOVT they are also in business.

mdb replied on Saturday, July 30, 2016 10:38 PM PST 

Everybody knows that all government policies are against pakistan ND Pakistanis bht experienced
team hai jisay ishaaq daar expert lead kr rahay hain.pmln ki government k aanay say pehli is ki paishghoi kr di ghai thi.it's a system of corruption no one can touch it. ALLAH he madad kray AMEEN.
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(75323)
Saturday, July 30, 2016 03:14 PM PST 

Please current market value

250-B 9town

300-C 9 town


Thanks
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(75322)
Saturday, July 30, 2016 02:53 PM PST 

Please evaluate current rate
Prism . Block J 2970 & K 2312 & R 1700.



Thanks : :pkf
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(75321)
Saturday, July 30, 2016 02:48 PM PST 

Please evaluate current rate
Prism . Block J 2970 & K 2312 & R 1700.

Thanks
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(75318)
Saturday, July 30, 2016 04:03 AM PST 

Dear All Overseas Pakistanis

It is greatness of brother CMY that he is permitting us to talk about ourselves on this form.

Now on I request/encourage all the Overseas Pakistanis to use the e-mails/phones etc to register your complaints about with-holding-tax, new property laws, any tax etc,as follows:

1) Overseas Pakistanis Foundation
Fax # ,
Phone # , 9048320
UAN #:
Toll free:

HABIB-UR-REHMAN GILLANI, Managing Director OPF
e-mail:
Ph: +
Syed Khalid Ali Shah Director (Welfare & Services)
Ph: ,,
Fax:
Email:

2)Grievance Commissioner Cell for Overseas Pakistanis in Federal Ombudsman Secretariat: Hafiz Ahsaan Ahmed Khokhar
• www.ombudsman.gov.pk


• Phone Number:
• Mobile Number:
• Fax Number:

LOYAL PAKISTANI replied on Saturday, July 30, 2016 02:53 PM PST 

Fair taxes are always fair.

Say no to Noora league replied on Saturday, July 30, 2016 04:26 PM PST 

@Loyal Pakiatani, yar change your name to Loyal Patwari rather
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(75316)
Saturday, July 30, 2016 01:11 AM PST 
5 Marla File - DHA Lahore Phase 7

Salam,

I would like to know the future prospects of 5 marla files of dha ph 7 lahore.

Thanks
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(75315)
Saturday, July 30, 2016 12:20 AM PST 

Congratulations to our all residents,
we have started air conditioned shuttle service from Central Park to metro bus stop(Gajju Matta),
Rs:30 one sided,
One month travel card is for
Rs:2000(unlimited travel from Central Park to Gajju matta and Gajju matta to Central Park)

saim replied on Saturday, July 30, 2016 12:48 AM PST 

@Mian Waqas
Can you please evaluate 923 G-block central park

Jameel Mughal® replied on Saturday, July 30, 2016 01:10 AM PST 

Good News for centeral park residents and Investors

umerjee replied on Saturday, July 30, 2016 01:35 AM PST 

@saim 923 G can be sold around 5 million

Atiq replied on Saturday, July 30, 2016 02:46 AM PST 

Great news. Central park is more practical to live with A class facilities.Interestingly there is no sutta or fake rates in Central Park.Still under priced. As per my estimation cp has least chances to be effected by current real estate Tax issues because mostly buyers has intention for constructing homes as this is still the best and practical livable option in this price.

FAA.awan® replied on Saturday, July 30, 2016 04:27 AM PST 

Good news for Central park and nearby societies ,Bahria Nasheman especially.Bahria nasheman and central park are good for living purpose and house construction for rental motives.Both are underpriced and deserved to invest for long term rental income with all modern facilities and quick public transport as well.

latif replied on Saturday, July 30, 2016 05:08 AM PST 

Pls evaluate 909F central park.This is onground plot with possession

FAA.awan® replied on Saturday, July 30, 2016 05:21 AM PST 

Great attraction for Central park and Bahria Nasheman investors and residents.Good for both soceities equally.
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(75314)
Friday, July 29, 2016 11:36 PM PST 

Plz answer my question ,jaisay property gain tax 10% ho gha or other taxes bhi ,liay jain ghay to kia baad main agr prices value property ki kami hui to kia government tax payers ko compensation yah unka apni hard earning wapis kray ghi.ups and downs property main hota hai how can they fixed tax the market fair price and gain tax .DC value always kami he hoti hai.

Jameel Mughal® replied on Saturday, July 30, 2016 02:32 PM PST 

There will be no Compensation, as Yo Know On Stocks if you earn you pay withholding Tax but in Fall Gove Does Not pay yo any thing
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(75312)
Friday, July 29, 2016 10:31 PM PST 
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(75310)
Friday, July 29, 2016 08:06 PM PST 
Transfer problem

Hello.
I made a deal DHA in june and date mentioned on biana paper is 15th july and still the buyer is delaying date due to taxes and this stuff. I have his biana but now I have given enough time and want to transfer, if he still delays it kindly let me know the legal procedure.

Regards

AHMAD HASSAN® replied on Friday, July 29, 2016 09:00 PM PST 

You can keep his BAYAANA. But better return his BAYAANA if he won't come for deal. Allah will give you more than his BAYAANA money and you will be saved from many issues. Always try to win trust of buyers. Be flexible & set your own rules.

Ahmad Khan replied on Friday, July 29, 2016 09:46 PM PST 

Writen agreements are not worth then a toilet paper in Pakistan.So if u cancel this deal,plz do this by legal way. Otherwise he can go to court and get stay order against your plot and you will not beable to sell your plot in your life time.

KK® replied on Friday, July 29, 2016 10:56 PM PST 

Ahmad khan ,, on one hand u saying written agreements are toulet papers,,, on other hand u saying finish it proprly,, kia ye khuls tazad nahi

Ahmad Khan replied on Friday, July 29, 2016 11:58 PM PST 

KK sahib as sheikh sb has mentioned that he has a writen date for the deal but buyer is not completing it, then what kind of worth this biana papers have?I still belive that most of Pakistanis don,t honour there verbal or writen agreements specially property dealers.

User_6006® replied on Saturday, July 30, 2016 01:03 AM PST 

if they are not responding try your last thing give back their money with some deduction to bear your loss , and do written agreement not to make issue with plot , sell it to other person , if they blackmail you or pressurise you than give them a lesson , quickly sell to other trust able party /dealer without letting old buyer know and tell new dealer or buyer this is issue you facing, when old party come return them all or partially or eat away all , up to you , they can't do anything , if they still try to take stay against plot which hardl possible against new buyer ,new buyer teach them further. may be you just need a single visit with this written thing court will arrest old buyer to when you put charges of harassing , attack on respect , and fraud . goodluck

MIT® replied on Saturday, July 30, 2016 04:19 AM PST 

@User 6006: Dear Its a civil matter, the judicial system is stale and not delivering at all. What 'arrest' you're talking; that too by a 'court'?

AHMAD HASSAN® replied on Saturday, July 30, 2016 05:03 AM PST 

Negotiations & talks are the best solution for all problems. Never ever close door in business. And don't imagine worst things always. Speak with buyer, try to understand his posation. Always close deal on good note.

FAA.awan® replied on Saturday, July 30, 2016 05:16 AM PST 

Better to wait for a few days till the tax dust settle.

Jameel Mughal® replied on Saturday, July 30, 2016 03:54 PM PST 

Dear Shaikh,
How much was Biana?,
Your understanding is wrong that you can forfeit all Biana it usually does not happen in Market. Neither ever Court decided like this.
Current understanding is that, You will create some Phada and Give One Month extra Time, then With Help of Your dealer, you will Cancel the deal deducting some money Like If Biana was 5 Lac then may be 1.5 Lac, 0.5 Lac dealer will eat.
Your Buyer was a short term investor and a "fool". He will never take that plot Now as taxes have increased, price of plots have decreased and above all he will not find any buyer in this market for resale.
Has he been real byer there would be no issue as Max 2 Lac Extra Tax he have to pay and that too after few Months.
However if You find another buyer who is end user [asking for one week time] and Price suits you . You may offer previous investor to Cancel the biana and Return his Money 100%.
At this Time Your Focus should be to lay off property at minimal loss than eating Biana money as I see You lose 15 to 20% Value of Your property by December.
We Will hear About more of Such disputes in Future as Buyers have vanished Market.

Jameel Mughal® replied on Saturday, July 30, 2016 04:06 PM PST 

Another Caution, User_6006® assessment is wrong, NEVER NEVER NEVER sell the property after biana, It is 420 Offense, No matter date have passed. Cancel the Biana first then sell the Property, This Man who Hold the Biana can file 420 against you. His Lawyer can easily Prove that my Investor had arranged the money but seller was not cooperating to take transfer date and necessary procedure.

User_6006® replied on Sunday, July 31, 2016 04:54 AM PST 

the date has been passed , may be you are right in biana case but same time seller lawyer can prove in court that date passed and biana amount forfeited by seller , simple , as you are senior may be right and what if it is not bianna but token ??

User_6006® replied on Sunday, July 31, 2016 05:09 AM PST 

ok jameel sb , let suppose sheikh sb offer buyer/dealer to cancel deal and get back his full biana amount even not a single penny less, so that he can start looking for a new buyer again as a fool! , but still buyer/dealer do not respond to it and ask further time meanwhile sheikh sb need money desperately and fed up of promises of buyer , what he needs to do , buy a gun and shoot himself ??

User_6006® replied on Sunday, July 31, 2016 05:15 AM PST 

i think that paper on which deal closed is to protect buyer that property is not fake and no more liabilities due till to date etc and same time protect seller that he gets money on time for selling his property and after transfer all matter belong to new owner ........ from above all posts i think you people spread fear to a seller that if biana is done no matter even transfer date passed due to buyer issues you must be on back foot , what if buyer only wanted to harm his property like this or wanted stay from first day over his property ?????
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