Lahore Real Estate Forum

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(75300)
Friday, July 29, 2016 02:20 PM PST 

http://tribune.com.pk/story/1151448/ugly-turn-realty-sector-representatives-hint-giving-strike-call/

User_9325® replied on Friday, July 29, 2016 02:22 PM PST 

so it means that this issue is not resolving in near future... bye bye real estate and start looking for other investment avenues 😊

Khalid Azad® replied on Friday, July 29, 2016 02:54 PM PST 

(Property business Slump)
A big Slump in property business ahead coming. A big reason are new taxes, but a correction is also due.
No body wish to see it & realise it's. Here every body like to look previously hype, that is not possible further in near future. Now Slump are more than 2005 period, Mark my words Get ready for big cut in
prices even you will not find new byers in market.
Prepare yourself as brave gentleman

Real Estate is best replied on Friday, July 29, 2016 03:04 PM PST 

pity on you Khalid Azad. Fellow bycott Khalid Azad as he is continously spreading negativity over this platform.
I wonder why the Admin. not reacting?

Khalid Azad® replied on Friday, July 29, 2016 03:14 PM PST 

Brother real estate please check last night khabarnac program on Dunya TV the story behind.
You can find it. OK brother i am withdraw myself as many of my friends don't like true pic . Sorry I am not being personal. ALLAH Hafiz

Khalid Azad® replied on Friday, July 29, 2016 03:21 PM PST 

Sorry on express khabarnac and dunya TV aJJ kamram k sath dekho. Allah Hafiz.

Kureshi® replied on Friday, July 29, 2016 03:41 PM PST 

Jazbati qaum.i wonder whyv People who think property is doomed still want to be a part of this property related forum.

Corrections are husnn of property business. Face it gracefully and with message of time it will start bearing fruits, InshAllah.

Mrs Imran replied on Friday, July 29, 2016 03:55 PM PST 

I am going to have heart attack 😱😱😱😱

Real Estate is best replied on Friday, July 29, 2016 04:39 PM PST 

nothing is dicourging in kamran khan's show. things are in positive side please watch the show

Waseem® replied on Friday, July 29, 2016 04:50 PM PST 

Negativity can't spread by one man's personal opinion. Be open minded.

FAA.awan® replied on Friday, July 29, 2016 05:37 PM PST 

Some people are creating panic for nothing.All guys of this forum note my words nothing will happen as Azad sb is presenting dark side of the mirror.A little bit correction is expected but not any sort of slump.I think it is very sensitive issue and govt cannot offord to stop real estate sector.Our stakeholders are trying their best to handle this situation.InshaAllah, positive news is being expected within days .Be happy and calm.

Asad-Ali replied on Friday, July 29, 2016 06:59 PM PST 

FAA.awan sb, you are right and currently lot of people are spreading baseless rumours, I suggest CMY if he can be more active in deleting such baseless comments/POSTs. Guys if you do not have any positive news, then just be silent and wait and watch. However If some one thinks that Slump is coming, then Please sell whatever investment you have in your hand in current Price and give your life a Chill. Thanks

Ali.Bianco replied on Friday, July 29, 2016 07:58 PM PST 

There is no need to worry. As
prices will reduce or increase in all areas simultaneously.
So if my 1 kanal reduced then another area 1 kanal will b similar and parity will b same... Nothing to worry...
Only problem may b proving white money n tax%
Rest all is managable

Ahmed Khan replied on Friday, July 29, 2016 08:38 PM PST 

Mr Ali ,
you are correct.

SIM replied on Friday, July 29, 2016 09:33 PM PST 

I have no idea why people are not realizing the gravity of current situation. Real estate market is standstill for last one month, and we still dont see any real hope. Keep living in Euphoria brothers.

Laiq Ur Rehman® replied on Friday, July 29, 2016 10:22 PM PST 

I second Kureshi.

Khan replied on Friday, July 29, 2016 11:32 PM PST 

I second Khalid Azad! I will add that how high the
prices can go? Affordability can be an issue. I really don't think that majority of the people even know what correction is! all they think is that prices will continue to climb. It doesn't work. I am surprise that the market should been crashed already. I think it is just a matter of time.

Real Estate is best replied on Friday, July 29, 2016 11:37 PM PST 

khan come out from the hangover of NASWAR. your statement tells you do not even own a single marla in lahore and elsewhere and cursing real esate so that you could grab a plot as it falls?

Darwaish replied on Saturday, July 30, 2016 05:14 AM PST 

"Mr. Real Estate is Best" come out of dope. Calling names shows your thinking caliber. Everyone has the right to opine and you may agree or disagree but be civilized.

Real Estate is best replied on Saturday, July 30, 2016 02:52 PM PST 

Dawaish dont change names stay with the name khan
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Friday, July 29, 2016 01:53 PM PST 
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Friday, July 29, 2016 12:22 PM PST 
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(75295)
Friday, July 29, 2016 11:04 AM PST 

From great and respected CMY post: Little Questions

1) As a overseas Pakistani, there is no tax on my money than why for me they are using terms of filer and non-filer

2) As a overseas Pakistani, there is no tax on my money than why they start looting it as soon as it reach bank on the name of withholding tax

3) It is the easiest to find out is who working where for govt. if it is needed

4) Who will collect all these taxes, FBR? Whoever has 1-marla something on rent in Pakistan, he already knows that they never ready to take tax. They always take their SHARE and thats it. Some of my class-fellows from UET are in FBR and now their properties are un-imaginable. So they will take tax?

5) The black-money issue should start from FBR-officers, politicians,......

6) Lot of brothers are saying overseas should not worry. Why? The butcher already took my dollars from my account even without asking me [and sent their dollars out] now he is planning to loot my money LEGALLY and I am 100% sure from past experience that Pakistan will not get benefit of a penny out of that.

7) Results:a) All this taxation will increase the corruption-rates.b) If the govt need some land/house from any person, he will be payed according to Market value or DC-rate.What is going on with Orange-train affected peoples? Regards

ayla replied on Friday, July 29, 2016 01:35 PM PST 

Our puppet selfish rulers are creating chaos and destroying the bread and butter of the only business left in Pakistan ,creating more unemployment, crime, frustration and bribery. May they go to hell who create hell for innocents who simply want a shelter for their families

SIM replied on Friday, July 29, 2016 03:53 PM PST 

There are different laws for common man and the rulers. If politicians make billions by corruption, and send this money overseas by money laundering, making offshore companies or buying overseas properties by looted money. Currently there is no law to prosecute them. We need TORs, Judicial commission, constitutional amendments even to start prosecution. And still it is the state that has to prove them guilty, otherwise they are innocent.
On the other hand an overseas Pakistani who sends his hard earned money to Pakistan has to prove his non resident status,pay slips, salary certificates, overseas account statements, remittance certificates, Pakistani account statement, PRC etc to prove his money white. Otherwise he is guilty.

Tauheed replied on Friday, July 29, 2016 04:01 PM PST 

Agreed. Had the main departments been doing their job, such a situation would'nt have arisen. Investigation of hidden assets must start from FBR officials, police officials, judges, district administrators, followed by officials appointed in departments falling under ministry of interior, and then politicians, irrespective of to which political party they are affiliated with. They are the real termites eating away all resources without the differentiation of halal and haram. Only their correction can guarantee success of the whole system.

NMS replied on Friday, July 29, 2016 07:01 PM PST 

Mr. Irfan u r right.
MR. CMY your comment please.

Saeed replied on Friday, July 29, 2016 09:40 PM PST 

@Irfan, you have raised very valid questions. Overseas Pakistani's are being looted by this government by various methods, like WHT, filer, non-filer issue.

I request to all overseas Pakistani's to start raising their voice against these unjust taxes on overseas Pakistani's and make your voice heard.

Overseas Pakistani replied on Saturday, July 30, 2016 04:29 PM PST 

I fully agree with Mr. Irfan on the issues he has raised. My dear what type of justice you can ask from looters and corrupt leaders. First you should see those who are advocating the government policies and trying to enforce these huge taxes, how much patriot Pakistan they are we know very well. All most all of them have their properties and businesses outside Pakistan. They don't have to pay these taxes. The country's economy is sinking because of the loans they have taken during the last 3 years. They are taking more loans to pay back interests on the loans. Now they need money to build such show peaces which can help them to win election again. You can say these taxes are for their next election propaganda com pain. We are always told that we are ambassadors of Pakistan abroad, its a just cheat. They are just looting us and ruling us.
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Friday, July 29, 2016 06:51 AM PST 
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(75292)
Friday, July 29, 2016 03:52 AM PST 
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(75290)
Friday, July 29, 2016 12:45 AM PST 
Any tax amenisty scheme for property sector is announced or not till d

Some one is requested to through some light on the subject issues
Thanks

mdb replied on Friday, July 29, 2016 05:14 AM PST 

Pakistan main bahir say koi investment nai ho rahi.yeh sırf overseas patriotic pakistani hain jo real estate main invest krtay hain jo sırf or sırf real estate ki or jo bhi developers or stake holders hain inka bara haath hai inkı appreciation honi chah iyi thi inkı mehnat hai jis say is sector main overseas invest krtay hain .ab nai karain ghay zaray mubaadla main kami say inflation ho ghi pakistani rupee ki value ghir j'ai ay ghi. Jab koi source of income batay overseas ho bank transaction record ho phir kiun black money ka bahana bana kr bhatta tax lia ja ay . Overseas nonfiler hai k non pakistani bank transactions pay bhi withholding tax hai abhi saansain lainay pr bhi tax laghana.hai kia?

Not Registered 9853 replied on Friday, July 29, 2016 07:22 AM PST 

Regulation maker are incompetent . Rules me Munifiqat he.At one hand, sending hard earned money to FCA accounts is legal. Money changers are legal. Changed money is legal.
On the other hand Buying a dreamed house for living of family by savings Halal earning of years of hard working abroad, becomes Asset by BLACK MONEY" overnight becouse of changing the money by legal money chngers.
BECUSE Govt forgot to see the difference of DC and fair market rate and continued to accept the transictions of properties for several decades.
All of sudden Upon waking up one day they victimized the innocents overseas by imposing the demand of additional money to be payable for a house purchazed with difficulties within last five years.
Since they were sleeping therefore they were not able to announce that by the enforcement of legal status of money changer, requirment of PROCEED REALIZATION CERTICATE (PRC) stands null and void.
Now very simple question arises:
Is it illegal to sending money to own FCA account in Pakistan??

Is the means of changing money illegal? Then whey these are available and working?
If they these m3ans are legal then why the PRC is required by FBR.
How come one says legal money is said to be black?????? Especialy in context of new property tax.

Irfan replied on Saturday, July 30, 2016 01:36 AM PST 

Dear Brothers

1) FBR and govt just want eat overseas money and want to bring DHA down.
2) Who does not know Haroon Akhtar and Ishaq Dar?
3) Imagine for one second, they both become noble, so that they should start looking black-money from their home.
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Thursday, July 28, 2016 11:51 PM PST 
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