Lahore Real Estate Forum

Thursday, September 3, 2026 06:38 PM
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(75333)
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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(75332)
Saturday, July 30, 2016 08:07 PM PST 
DHA MULTAN FILE

Jameel Bhai,
Can you advise me some good long term investment in any DHA of Pakistan. I am planning to buy a file in Multan DHA as a long term investment. I will be waiting for your advice, kindly suggest me some good long term investment upto 10million. Thanks

Jameel Mughal® replied on Sunday, July 31, 2016 12:02 AM PST 

Dear Newbie, The Rule Of investment is that you do best decision of this time and don't repent on opportunities lost.
If
DHA Multan are wise people which I think they are, they will not launch installment Plot now and wait for some recovery, If They Delay next 5,6 Months File Price will come under pressure and you may get a chance to buy cheaper. I am in your place I will wait for More fall.

My anticipation is Like DHA Bahawalpur, DHA Multan will not be able to sell. At launch price hardly they can attract few hundred buyers. They should learn from DHA Bahalpur and not do suicide jump.

DHA Valley replied on Sunday, July 31, 2016 01:06 AM PST 

Buy in DHA Valley Islamabad.
Much better than
DHA Multan.

newbie investor replied on Sunday, July 31, 2016 05:07 AM PST 

jameel sb thank you very much for your advice, i will follow your advice and will wait for a while to see some good opportune time to invest. kindly also suggest any other alternative DHA to invest. And if possible give me your email address. i will be grateful. thanks again.

KB20 replied on Sunday, July 31, 2016 05:12 AM PST 

Mughal Sb this newbie guy will be relying on your advice that
prices of Dha Miultan will go down and then he will purchase may I ask what if it doesn't go down then where your advice will stand ?????

Flex01® replied on Sunday, July 31, 2016 01:45 PM PST 

Jameel Mughal sb has just given his opinion about
DHA Multan. I think , it is highly un reasonable to ask him what if the Multan price don't go down and where his advice will stand.

Untimately,the buyer or seller has to make their own decision. Other people advice what they feel how the certain area/society will move in the coming days.

NOTE:

I am also interested in buying DHA Multan and also feel that price of file will come out due to current scenario.
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(75329)
Saturday, July 30, 2016 05:46 PM PST 

Plot evaluation
Please evaluate following plots
DHA phase 9 prism J 2970,K 2312,R 1700


Thanks
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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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