Lahore Real Estate Forum

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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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(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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(75298)
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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