Current market value

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Dear,LRE TEAM

Please evaluate Dha Phase 7 plot no 1104 Corner Block U 1 kanal plot

Upper Apartment for Sale

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Investment Advice Needed

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Is it a good investment decision to:

Sell 2 Prism 5m plots + add money and buy 3 Phase 9-Ext 5m files?

Both plots are located in R block.

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I get error while posting, "Forward to lre.ads, etc. or request admin for review" CMY sir. Occasionally my post gets posted, but mostly it return the same error. It's very frustrating to type full message and then see the error. Please resolve.

PROPERTY EVALUATION

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Once again we are back to square one regarding property valuation by a private firm for NON-FILERS.

I was reading comments from overseas regarding being non-filers thus have to pay 0.6% WHT on bank transaction and extra CVT STAMP DUTY for non-filers and overseas will stop sending remittances, it will be very negative for property etc etc.

It looked from the comments as if property is going to be doomed if it is implemented.

Well i have NEWS for you!

KUCH BHI NAHI HONA

Property will be same as it was before. In a long RUN property have always given profits or it is considered safe specially in PAKISTAN.

Secondly, government wants everyone to be FILER even if they are not generating income. Government wants to know what exactly you are doing and how you are making money and purchasing properties, cars, travelling for vacations etc etc.

This system was implemented in TURKEY ( differentiation between filer and non filer ) and our government is following their policy. Which is not a bad one. We should be able to justify our income and expenditure.

All of us lash out at the government about taking loans and not doing enough to get more people into TAX BASE. On the other hand we blast the government if they try to bring more and more people into tax net. This is what i call double standards. We don't want to do our part but we want everyone else to be HAJI NAMAZI.

How is it possible if i have properties worth billions of RS and i am unable to tell the government how i got the money. All the government wants us to justify the purchases. It could be inheritance, remittance, income by business or could be anything. It is self declaration, whatever you tell the government , they will believe you. And randomly they can select your name in the audit list. Once the audit opens you have to provide documents about your declaration. ( If you show only remittances as your source of income , it is AUDIT FREE , means you will not be selected for the audit, but they can ask you for PRC as proof of remittances )

For overseas Pakistanis i explained in details about the procedure of remitting money into Pakistan and getting PRC or encashment certificate which could be used in your yearly income tax returns. Please look into POST # 83010 and i have answered questions in POST # 83048

Overseas Pakistanis should file their yearly returns to get maximum benefit out of their investments. And Please be very clear about one thing, the income you generate outside Pakistan is not taxable but income which you generate within Pakistan is subject to TAX. Overseas buy property in Pakistan as it is very very lucrative opportunity for them to make money. In PAST 15 years money spend on property have given returns of 2000% and some even more if you are smart and aggressive investor ( And listen to CMY for his recommendation :) Overseas don't buy property in Pakistan to HELP Pakistan, they do it for themselves. No one would invest in Pakistan property if it doesn't give good capital gains. This applies to me as well.

When we earn 100% on property in capital gains we should not be cowards by not paying our taxes.

Instead of complaining, you should be getting information about TAX returns, Hire a good consultant who will file the return on your behalf and will handle everything from tax notices to timely filing of your returns. Once you File your returns your name will automatically be updated in FBR Active Tax Payer List (ATL) which in turn will automatically be updated in all of your bank accounts and your online data in Pakistan.

Once in ATL list, you will not have to pay 0.6% WHT, your stamp duty will be half of what you pay now and property will be evaluated on DC rates which in turn will make for less payment of taxes. And any WHT on your property transaction is fully adjustable in your yearly tax returns.

Every where in the world you have to pay taxes and there are huge TAXES in US, UK, AUSTRALIA, or any where in the world, except GULF countries.

Pakistan is our HOME country and we all need to contribute. If you think NS government is corrupt please vote against him and vote for the one you think is better for Pakistan.

I hope i have made my POINT clear.

Ph7 Block wise Price Jump last 2 months

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Dear Property Gurus

can please compare the price jump of Phase 7 Blocks in last 2 months is it correct average 3 million jump witnessed across all blocks

Any insights will Ph7 stop at 170 vs phase 6 180

Must use registered IDs for new posts and replies

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We spent many days to register your phone numbers as your passwords for unique IDs so please use them now for all new posts or replies. Over 38000 plus were given a unique ID or new passwords.

All you have to do is In names field must use you phone number in proper format. Starting with + than country code than number for exmple + + etc ( NOT or )


All new posts and replies without registered IDs other than price valuations will be deleted at any time without notice or further explanation.

Some light on Dha 9 town commercial file

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AOA. Dear Experts what is the Expected time of 9 town comercial file ballot .and what you guys see the price and future of 9 town comercial file after ballot .Advice and coments plz

Prism past yr success

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I have been watching anti Prism predictions since launch day and these fellow concerned citizend will make random pattern predictions till delivery date.

Funny thing is they don't even apologize for there misguidance and totally wrong previous assessment. Infact with more dhetaai they make even more wild guesses.

But in between that genuine investors have gained so much in prism investment and are doing so still, I hope its not the jealousy factor of those other ppl.

This same jealousy was subjected to PHASE 8 when it got launched after phase 7 and went on a different high trajectory.

Though phase 7 and 9 are both good but every day making it a street fight is foolish.

So to all those random guessers plz have mercy on ordinary visitors to this site who might trust you without checking your last wrong guesses.

We regulars now know who these ppl are with different IDs every few days coming and going.

Intelligence Blindfold

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When we see certain anomaly in market so many XYZ Factors and opinions influence so much that our eyes are blind Folded,

One of My friend wanted to buy one Kanal in Phase 7 , and was in deep touch with many so called experts [including me] .He is Currently in Lahore and Confirmed that there are more than 100 Houses under construction in DHA 7, 2 months back he was getting a plot in S Block in 115 Lac and did Not go for that today he is buying a bit inferior location in T Block in 130 Lac [He intend to complete transfer before Jne 30Th]. He called me in detail and was expressing his regret and foolish mistake that all basic factors were so obvious but he was blindfolded by so many fine details that he entirely missed the basic facts like complete development and possession.

dha

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Dear LRE members.
Ramadan Kareem, please have a look these following plot for assessment and is anyone need to switch/swap to else where.
appreciate your repose-
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Near W1041/ phase 7 (one k)
Near 1938 J/ prism (5 marla)
Near 3007 J/ prism (5 marla)
Near 1586 L/ prism (10 marla)
Near 868 K / prism (10 marla)

Phase 7 Commercial

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....and the Commercial file of Phase 7 quietly goes to 270 (from 242) without any fan fare and in a single day.......while Rahbar Commercial continues to fall to 222. These were both priced similar a couple of weeks ago when I and many others on this forum predicted it to be a market anomaly which will be eventually corrected.

Sense and Sanity always prevails, in the end. If it hasn't prevailed yet then its not the end ;)


:)

Picture of Lahore Ring Road work at Audit & Accounts Phase-2

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Dear Farooq sb, Here is another image of Lahore Ring Road work.

Picture of Lahore Ring Road work at Audit & Accounts Phase-2

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Dear Farooq sb, I am attaching a picture for you to see the work of Lahore Ring Road at Audit & Accounts Phase-2 Society.

price evaluation 5 marla L block

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dear LRE
please evaluate L 1248 5 marla
thanks

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Property Tax Rate

Assesment

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Dear LRE team,
Please evaluate above mentioned plot in prevailing market.
Regards

Suigas 1

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Pls advice the current rate.
Rgds

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Salam all,

any idea when when will happened bollating for remaining Prism Phase 9 files? when new map will be available??

any idea plz

Thank you,

Please access my 5 Marla Corner Plot DHA Prism J Block

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Please access my 5 Marla Corner Plot DHA Prism J Block