Lahore Real Estate Forum

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(74681)
Sunday, June 26, 2016 06:25 AM PST 
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(74680)
Sunday, June 26, 2016 05:59 AM PST 

Dear Jameel Sb,

Pls advise me how to customise my investment plan to get a liveable 10 mrla or 1 kanal residential plot in secure gated society in lahore after 4 years.

Currently, i have 15 lacs and can afford 2 lacs monthly installment.

JazakAllah

Hawk Eye replied on Sunday, June 26, 2016 05:02 PM PST 

Arif saab Dream garden phase 2 will not launch they are using delay tactics to increase there rate.I don't think so that they will launch this year and most important they are quotting very high price @9 to 10 lac per marla expected price
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(74677)
Sunday, June 26, 2016 12:31 AM PST 
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(74676)
Saturday, June 25, 2016 10:58 PM PST 
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(74675)
Saturday, June 25, 2016 10:57 PM PST 

Dear Mr.Mughal Sahib
Need to know change in Taxes on Property effected July 1st.
Thanks

Habib replied on Sunday, June 26, 2016 12:13 AM PST 

Dear Sir, Things will not be finalized before 1st July, If you get plot transferred on or after 1 July, all legal societies will let you sign a letter that I will pay Tax as per news Rules which are pending this is called " Letter of Undertaking", At that date you will pay are per old regulations. Later say on 1st august they finalize how much is implemented [after some debate] You will get a letter from you cooperative society or DHA that your transection dated 7th July or So Needs following payment dues Like, DC rate was revised so pay this Much more as stamp/CVT/advanced income tax any other additional Tax.
You will pay and that will be kept in your file. If You don't pay you keep getting letters, some fine may be implemented after 30th Sept and for any other action like possession sale etc you may have to clear hefty dues.

So far no new Tax on Buyer, Only in Plan is to implement Gain tax or evaluation of Plot by private 3rd Party at time of Purchase then you will pay CVT/Stamp and advanced income tax not as DC rate but as per market value [The last is least likely and if imposed will take time]

Jameel Mughal® replied on Sunday, June 26, 2016 02:49 AM PST 

Every 2,3 ys Tax is revised and usually decision lag behind 30 June, hence these Taxes are implement retrospectively as detail mentioned above.
No new tax on Buyer this year,
Seller may have to give gain Tax the details will follow. That is why some sellers were in hurry in last 2 weeks of June. now only 4 working days left if you have finalized the deal it is good to finish before 30 June. Then on wards seller may increase demands by 5% if gain tax is levied.

MAhmad® replied on Sunday, June 26, 2016 08:05 AM PST 

Is tax on
files too as ithey is moveable
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(74674)
Saturday, June 25, 2016 09:57 PM PST 

Dear LRE Team,
Please evaluate 21.3 Marla, corner residential plot near 964L, DHA phase 6.
Rgds,
Ather Mumtaz

LRE® replied on Monday, June 27, 2016 02:16 PM PST 

Dear Sir,

your plot near L 964 is around 225 lacs


HASSAN RAZA
+923028449766
LAHORE REAL ESTATE
EMAIL:INFO@LREPK.COM
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(74670)
Saturday, June 25, 2016 08:36 PM PST 
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(74669)
Saturday, June 25, 2016 08:22 PM PST 
Advice Required from Jamil sb, habib sb and other repected Experts

I have a very basic query, but i am confused about it.

As you know that there are so many ways in our country to get deceived. If i am planning to buy a plot in State life phase 2, how to make sure that the file is genuine and the file is not problematic and some other person will not claim the land in future. Is there an official institution in Pakistan to cross check before buying a plot?

THNX AND JAZAK ALLAH

Habib replied on Saturday, June 25, 2016 11:49 PM PST 

Dear Sir, I Never had deception in any of my deals so far, However If you want extra precaution deal in DHA, The Only deception you may have you will buy 2 Lac expensive and then it will cover in few days.
Coming to state life 2, it is at good price but still not good,
File will not be problematic in 90% cases and no one else will claim land

However it my not be developed for Long time and your money will be stuck, There is clear indication by LDA that they are not permitting new changes proposed by them.
You can go to one window LDA and ask about state life 2
If You tell the budget we may advise you better
DHA Multan and DHA Gujranwala are still good buy, but Keep in mind it will mature in 6,7 ys in between if it goes down don't regret.

Arif M® replied on Sunday, June 26, 2016 02:23 PM PST 

Completely agree with Habib sb. You will not face any frauds in SL-2 at time of transfer. No qaza group issues. But the main issue is that SL-2 does not have enough land to deliver. They have issues with LDA. Because of these reasons your money will remain stuck and not grow. It will be better if you can invest in
DHA Multan, BWP etc.

Arif M® replied on Sunday, June 26, 2016 09:43 PM PST 

No one will question the prime
location of SL-2. No doubt they have it. But they ll have to first sort out things with LDA. 14 marla gimmick along with additional commercials that they have offered must also be approved by LDA. and it will not be easy job.

In addition you should also check the prices of SL-1 which has even better location, developed, populated and yet prices for 10 marla have not gone beyond 60-70 lacs. Considering this, I dont feel SL-2 is worth the risk. That said I also agree that DHA-Multan/BWP current prices have seen a jump. But i feel Multan still have plenty of juice left in it. If you are not interested in these then you can search for other underpriced options in Lahore that are less riskier than SL-2.

K Siddiq replied on Sunday, June 26, 2016 11:14 PM PST 

Arif sb
can you plz suggest priority wise investment options ranging between 3-4 millions for 5 years incl DHA Mtn,Bwp and Pshr....thnx for your kind guidance

Arif M® replied on Monday, June 27, 2016 05:30 AM PST 

I am no expert but i feel
DHA Multan can give good return if holding power is 2-3 years. But don't take my word. Just keep reading forum posts. Try to learn from experts and then make a wise decision. Tip is to look for safe but underpriced options.

K Siddiq replied on Monday, June 27, 2016 02:06 PM PST 

really grateful
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(74668)
Saturday, June 25, 2016 06:32 PM PST 

Assalam o Alaikum
I have a question for experts. CGT is applicable upto 5 years now. I plot is sold after more than 5 years then
a. Is this capital gain considered as non taxable income just like agri income?
b. Where in return to show this income?
Many thanks in advance

Jameel Mughal® replied on Saturday, June 25, 2016 06:53 PM PST 

Still Tax is not implemented ,
Yes If you are selling after 5 years of Holding no gain tax will applicable though gain can be 200%. It mainly focuses on the short term traders not true investors.

saima replied on Saturday, June 25, 2016 07:19 PM PST 

Is it true for
files too balloting or no balloting?

Stockee® replied on Saturday, June 25, 2016 08:07 PM PST 

@ Jameel Mughal
Sir thank you very much for response
While filing IT return, where this gain/income to be shown?

Jameel Mughal® replied on Sunday, June 26, 2016 02:51 AM PST 

all taxes on allocation
files will be as plots. Affidavit files will not get Tax. [it does not mean affidavit is better this is long detail and mentioned many times before]
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(74667)
Saturday, June 25, 2016 05:39 PM PST 
Plot assessment

Dear Salman and others,aoa.please give me latest assessment.also advice now it's a peek or not.thanks
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(74666)
Saturday, June 25, 2016 04:41 PM PST 

CMY sir, only once and only once, I need a yes or no from you. You have said many times Central Park possession area is good for investment.

Please one question, is Grand Avenues possession area good for investment as well, or not?

Please respond, thanks.

CMY replied on Saturday, June 25, 2016 04:43 PM PST 

Yes in possession area ok to buy.

Haroon_16® replied on Saturday, June 25, 2016 09:04 PM PST 

Thanks a lot.

Password error replied on Saturday, June 25, 2016 10:02 PM PST 

dear CM sahb please shed some light on park view villas multan road. I the development is very slow in society.
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(74664)
Saturday, June 25, 2016 04:23 PM PST 

Hi lhr can u give vale of my plots dha phase 6 1 kanal 286N and 421G ?
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(74663)
Saturday, June 25, 2016 02:56 PM PST 

I apologize for asking question not directly related to property. I am a pensioner and have plot worth 5 million in DHA Lahore. Due to problems with fulfilling monthly expenses I am planning to sell my plot and invest it where i can get monthly income. Due to lot of hustle & inconvenience involved in Saving centre thinking of options like Apna microfinance or Finca banks. Will be obliged for your valuable experience sharing & advice.

User_12596® replied on Saturday, June 25, 2016 03:05 PM PST 

These all banks offer riba and its haram, Buy a house and get rental income, u can find house or flat in cheap societies.

Ahson replied on Saturday, June 25, 2016 03:20 PM PST 

5 Marla old house can be purchased in that budget to get rental income of about 25-30 thousand per month.

Ahson replied on Saturday, June 25, 2016 03:22 PM PST 

Don't put ur money in the bank it will devalue very quickly and getting interest is haram too. But at the end of the day choice will be yours.

Aseem Mumtaz replied on Saturday, June 25, 2016 04:17 PM PST 

Dear Mr. Murrad, mutual funds can be a good option...I invested rs.1.1 million in NAFA associated with NBP...they are paying better than NSS...and profit/principal is withdrawable using ATM...

AHMAD HASSAN® replied on Saturday, June 25, 2016 05:10 PM PST 

You can buy 5 acre land close to Changa Manga Jungle with this budget. You can find land under ex-army office title that will be secure to transfer. You can producr different kind of vegetables and earn average 5M per year. You can add more income if buy two pickups vans and start delivery to vegetables shops in any area of Lahore. You can also buy barren land, but you will get more area in less price. Then import coco soil from Sri Lanka and build terraces and water recycling system. Now your infrastructure is ready to grow any vegetables, I would recomend you tomattos and this method can yield 450t per acre. And if you import different types of seeds from West and produce different shape of tomottos then you can export directly to world 4 to 5 start resturants @ 200 RS per KG.

AHMAD HASSAN® replied on Saturday, June 25, 2016 05:13 PM PST 

Just to add, there is a world living outside DHA & Lahore. Just explore what they do to earn.

Ejaz_EJ® replied on Saturday, June 25, 2016 05:58 PM PST 

Mr. Ahmad Hassan Sb

I appreciate your input here and now a days I am planning to buy a barren land as well to grow seedless lemon and other type of citrus, but you have given a different idea and it inclined me toward this idea to bring soil from Sri Lanka

I would like to talk you on this to get better understanding on whole idea and cost, where are you based in? please let me know how we can tie up to meet or to talk?

Appreciate your consideration.
Thank you

AHMAD HASSAN® replied on Saturday, June 25, 2016 06:37 PM PST 

Dear Ejaz,

I live in Abu Dhabi, you can get my phone number from CMY. I will also try to get your number.

ShahzadQamar® replied on Saturday, June 25, 2016 07:04 PM PST 

Hi Ahmad, where are you from in Abu Dhabi, I live in Khalidiya

AHMAD HASSAN® replied on Saturday, June 25, 2016 07:45 PM PST 

I live in Khaldya too ;). In which you work?

Ejaz_EJ® replied on Saturday, June 25, 2016 08:14 PM PST 

i live too in Abu Dhabi, but i am not able to post here my ID

RavianGik® replied on Saturday, June 25, 2016 09:03 PM PST 

You can purchase in this amount two offices in empress tower and save 5-8 lacs commercial rent there is 13K per month.

In this manner you will get 26k monthly and you will be free to do some light job as well. also your commercial office property will gromw.

These offices in from of Shimla pahari and still under
prices.
you should look for 290 to 330 sq ft office

If interested send me email at

SaeedUSA® replied on Saturday, June 25, 2016 10:19 PM PST 

Dear Aseem, How much NBP Nafa pay per month? and can you open their account while sitting outside country.

ShahzadQamar® replied on Saturday, June 25, 2016 10:38 PM PST 

Prestige cars. Gasco

Riaz® replied on Saturday, June 25, 2016 10:42 PM PST 

@SaeedUSA: You can please google NBP Fullerton Asset Management where they have different funds for different profiles like pensioners or for young people etc. There are other fund management companies like Meezan, AKD and UBL etc who are also very good.

AHMAD HASSAN® replied on Saturday, June 25, 2016 11:57 PM PST 

Al Montazah Towers next to prestige towers. Let me know your ITS.

Ejaz_EJ® replied on Sunday, June 26, 2016 01:02 AM PST 

Ahmad sb pls call me at zero five zero nine nine one five two five five

MIT® replied on Sunday, June 26, 2016 02:09 AM PST 

So glad to see such a nice discussion among my brothers to help each others with their intelligent viewpoints and tips for going into small businesses. This no doubt is a very positive forum for all of us; so many thanks to CMY's wisdom for creating this facility for the general benefit of all visitors. Given an opportunity and right direction my Pakistani brothers can perform and achieve their target successfully in any field anywhere in the world. Best wishes for Ahmed Hassan, Shehzad Qamar, Ejaz EJ and of course Prof. Murad.

ShahzadQamar® replied on Sunday, June 26, 2016 06:52 AM PST 

i really dont know what is ITS but will find you at Al Montazah. see you inshaAllah. I am at 601

Password error replied on Sunday, June 26, 2016 02:14 PM PST 

how nafa works , its complicated to understand on site

Ejaz_EJ® replied on Sunday, June 26, 2016 06:05 PM PST 

Ahmad Hassan sb I am still waiting for your call on number given above.
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