Lahore Real Estate Forum

Wednesday, August 19, 2026 11:50 PM
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(74147)
Monday, June 6, 2016 03:24 PM PST 
Cheap & reliable tax consultant

Any contact address for a cheap & reliable tax consultant who can help in filing annual taxes as I am overseas based non-earner but get charged witholding tax on paying even university fees for family?

Ideally located around Valancia or Johar town

What would they charge annually for simple filing?
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(74146)
Monday, June 6, 2016 02:56 PM PST 

Ad Type
City
Scheme
Phase
For Sale
lhr
DHA
9
in every post CMY sb has advised the group members to whats app him about any query and question. Being a lay man in property, i have asked a question through whats app from him on 28 May 2016 and have been reminding him again and again till todate, but no response from his side. I know as per himself, he is a busy man, if he can not answer the query, he may refer me to someone from his setup, but not acknowledging and not responding is reflection of poor customer relationship.

Babar Nazar Awan® replied on Monday, June 6, 2016 03:41 PM PST 

thanks CMY sb for your kind advice and prompt help.
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(74144)
Monday, June 6, 2016 01:24 PM PST 
DHA Gujranwala

Is it good time to enter DHA Gujranwala ?
Can any1 share current rates of it ?

K.H replied on Monday, June 6, 2016 04:12 PM PST 

it is ideal time to invest in dha guj. the
prices start to swel. as per yesterday rates were 22 for 10 marla & 32 for 1 kanal.

Great replied on Monday, June 6, 2016 05:03 PM PST 

careful plz. can come back because abhi pic baqi ha maray dost...

Khurram11® replied on Monday, June 6, 2016 08:24 PM PST 

Many experts here were also cautioning against investment in
DHA Multan when file prices were increasing daily by 0.5-1 lac just a few weeks ago. Those who headed to that advice missed the train and now are waiting desperately for that so called 'bubble' to burst.
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(74143)
Monday, June 6, 2016 01:18 PM PST 
Why the File Rates of DHA Gujaranwala have taken a Jump

Ad Type
City
Scheme
Phase
Dealing
Gujaranwala
DHA
1
Dear CMY,
The File Rates of DHA Gujaranwala have seen a jump of around 4 lacs in just one week. Can you please highlight the reason? Will the rates sustain at higher value or it was just artificial?

K.H replied on Monday, June 6, 2016 02:46 PM PST 

People had invested in DHA GUJ 2 years ago if the
prices are slightly going up it should't be shocking for anyone........ shouking raise in prices is still ahead......

AhmetKildir® replied on Monday, June 6, 2016 04:22 PM PST 

As per Mr CMY, all affordable DHA options in Lahore are exhausted. Even DHA Rahbar ext.file is now 32+ lacs for a 5 marla.
DHA Multan has crossed 40. DHA Gujranwala was the only option left for entry level investors which has resulted in an increase in its demand. Plus its DHA in the end. Even the current prices of 22 for 10 marla and 30+ for 1 kanal will not hold for too long.

Rayyan replied on Tuesday, June 7, 2016 02:05 AM PST 

DHA Bahawalpur is also a good option in 27.5 lac investment.
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(74142)
Monday, June 6, 2016 01:08 PM PST 

Ad Type
City
For Sale
Lahore
Dear all
First Ramadan Mubarak to Cmy sahib, Lahore real estate team and all the Muslims around the world
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(74139)
Monday, June 6, 2016 10:41 AM PST 
30000+ users now registered.

About 30000+ users were given unique IDs by me today to make it easy for you for posting here. Almost every one that is still in touch with me directly each month or recently is now automatically registered.

Please use your phone number in name field with proper format. Must use + and Country code so your phone number is not exposed.

+
or
+
or
+
Or
+

Please note you can change your username or unique IDs like reserved name or current password (your phone number) . If you don't want any one to post with your phone number I could change i to new password. Just SMS or WhatsApp new name or ask for password changes.

If you were given a reserve name before it should be same. No changes needed for you.

Every one should try to use their phone number in name field to know and test their user IDs. We are going toward having posting only with reserved IDs or names to reduce spam and non serious posts or spread of miss information.

User_3749® replied on Monday, June 6, 2016 11:48 AM PST 

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JS® replied on Monday, June 6, 2016 12:06 PM PST 

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User_18559® replied on Monday, June 6, 2016 12:52 PM PST 

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User_13711® replied on Monday, June 6, 2016 01:26 PM PST 

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User_16051® replied on Monday, June 6, 2016 04:11 PM PST 

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4Muzzamil® replied on Wednesday, June 8, 2016 01:08 AM PST 

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(74138)
Monday, June 6, 2016 10:02 AM PST 
Ramadan Mubarak

Ramadan Mubarak to all friends and their families from all of us at Lahore Real Estate and Universal Property Network.
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(74137)
Monday, June 6, 2016 09:50 AM PST 
Ramadan Kareem!

As the auspicious month of Ramadan starts, may Allah (SW) bless you and your family.
Ramadan Kareem!

User_16051® replied on Monday, June 6, 2016 01:27 PM PST 

Ramadan Kareem to all brothers including CMY and LRE staff
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(74136)
Monday, June 6, 2016 07:39 AM PST 
08857

Ad Type
City
Scheme
Phase
Block
Plot
Size
Road
Demand(Rs)
Features
For Sale
Lahore
DHA
9
N
941
1 K
Wide Road
9.5 M
Wide Road
Wide road, near park and in front of water tank which will be like an other park and privacy.
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(74135)
Monday, June 6, 2016 05:50 AM PST 

Jameel Mughal sb. is right, there is no clarity whether 2% of the recorded value or 4% of the recorded value will be charged. Let the details come to us.

MR NT

you are right currently we are paying 2% within first year and 1% within 2 years

No one calculates actual GAINS in property for taxation purposes. Its all fixed and handled by the dealer and it is ALL LEGAL.

ALL in ALL we will have to pay little higher taxes when we sell or purchase a property. On the other Hand Property is the most lucrative business in Lahore as of now. Everything you do is legal, safe, and you pay your taxes. A very clean business compared with other business opportunities in Pakistan ( which are rare now a days )

As an investor i am looking at my gains at the end of the day. I don't care what i have to pay to the government or the society or the commissions etc etc. As long as i am making money i am willing to pay taxes and all other expenses attached with sale/purchase of property.

As an ordinary man i will be looking towards safe property transactions where my money is safe and secured and eventually will gain over a period of time. I will not worry about taxes or transfer fee or commissions.

Buying property have always been a safe practice in our region, where there is house shortage and people are moving from joint family to single family system at very fast speed.

Don't worry about TAXES on property. Lahore is one of the few places in the world where property have been appreciating at astonishing rates.

In a long RUN property is going to be the KING. ( by long run i mean 10 years )

Arif M® replied on Monday, June 6, 2016 10:05 AM PST 

I have investments in property but it will be unfortunate for Pakistan if Govt does not impose more taxes on property to shift investment towards industry which generates lot more jobs as compared to property. The way things are going I am expecting next govts to increase more taxes on property coz that's the only way they can revive manufacturing sector. Thats my personal opinion which you can disagree with.

Habib replied on Monday, June 6, 2016 03:56 PM PST 

I can tell you from my experience no reporting will be done as people will always do under reporting of gain, It will be implemented as fixed tax as CVT or stamp duty. And will be a requirement before transfer as we fulfill all, the Only thing is seller will pay and 10% Figure is just to keep room for bargain, Looks it will be 4 to 5% of DC value
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(74134)
Monday, June 6, 2016 12:14 AM PST 
Advice required from Habib Sb Jamil Sb or other respectable experts

AOA,
I purchased a file Phase 9 before balloting around 50 Lakhs... on the advice of Habib sb I did not took 10 lkahs profit instead I went for balloting ....Alhamdolilah I was allocated prime location plot in Sector D on 150Yds road near D213...for this I am really very thankful Allah Almighty and Habib sb...May Allah bless him for the sincere advice...Now I ve been offered more then 120 Lakhs for the same plot....I ve been advised by few friends to split my savings to 2 to 3 locations i-e DHA Bhawalpur, Multan and Gujranwala.... as i Dont require any amount for five years...I just want to seek the advice should I hold the same plot or dispose off and split ....in that case what would be your recommendations for five years.
Many thanks and regards

Surfer replied on Monday, June 6, 2016 12:39 AM PST 

Hold it for at least 3 to 5 years. You good gains "In shaa ALLAH"

syed replied on Monday, June 6, 2016 12:58 AM PST 

see 3rd audio of cmy in which he said in next 12 to 18 months a good increase expected so no need to manoeuvre and waste money on transfers etc no investment better thn prisn and u got a prime
location so keep it , you can go in sleep mood for even 3 years

Ashfaq® replied on Monday, June 6, 2016 01:14 AM PST 

Brothers Surfer and Shah gave you very sincere advice. Please wait for 3 years as we are waiting to get "Barkah" from Allaah the Almighty, Insha Allaah.

Jameel Mughal® replied on Monday, June 6, 2016 01:38 AM PST 

This is prime
Location and inshallah will give you sure and sustained gain in coming years. Other Options are Bit risky but more lucrative, If I am in your place and belong to Multan, I will wait for allocation to hit the market, If some of these thousands of File hit the resale market I will be sure that one important mile stone in Land Clearance is achieved and price may adjust a bit downward [Due to Supply], Then I will goto DHA Multan. Remain in touch with local market news.
So far body language of DHA Multan is very positive but Land clearance is very tedious process.

Surfer replied on Monday, June 6, 2016 04:59 AM PST 

Sell it in next 15 days and run.

Surfer replied on Monday, June 6, 2016 02:13 PM PST 

Warning:
This is not me ali someone is using my id to misguide members of this forum be aware of them.

Habib replied on Monday, June 6, 2016 04:08 PM PST 

I don't agree with Surfer, You can always sell in in one week as it is prime
location in prime block. There only few risky options at the moment will promising growth. Look at risk appetite and look for DHA Multan, DHA Gujranwala and Sate Life 2 but I warn you all are risky

Mian® replied on Monday, June 6, 2016 04:26 PM PST 

PRISM never be risky in my opinion It is the safest ever Invesrment of the time.
So I agree with Surfer bhai hold it for at least 3 to 5 years for good gains.
As Cmy sb. Also quote in his audio that Prism is the strongest gainner in comming future. So hold it.
We all know now those who miss this train are now posting fake id's of experts to degrade good projects.
Rather to post with fake I.d's. Its better to get your ticket Reseved on Prism train which I think not too late.
I strongly recommend CMY sb. To delete these posts at your earliest. So that innocient people will not be trapped by these fake i.d's.

ali noor replied on Monday, June 6, 2016 06:44 PM PST 

Thanks for the advices....JAZAK ALLAH
I ve understood from above mentioned discussion that I should stay here at Prism for at least 3 years....as other options are risky and prism is sure in long time... in my own assessment one thing which we dont calculate is development charges ....If i convert my one plot in to three I should be paying 60 lakhs for development charges if each plot touches 10 million then total comes to 26 million minus development charges and I think my plot in Prism should easily cross this mile stone in three years...In sha Allah....rest Allah knows better...

Surfer replied on Monday, June 6, 2016 08:05 PM PST 

Good decission Ali. As today I heard good locations are very Short in the market & day by day PRISM is Silentely on a Rising trend. Best of Luck:)
"In shaa ALLAH" Hearing good news soon.

CMY replied on Wednesday, June 8, 2016 12:03 AM PST 

Surfer replied on Monday, June 6, 2016 02:13 AM

Warning:
This is not me ali someone is using my id to misguide members of this forum be aware of them.





Surfer please reserve your name asap to avoid misuse. I dont have time to read each post and spend hours to see who is using real ID and who is using fake Ids. I have requested dozens of times to reserve Ids and post with reserve names or Ids . All posts with out reserved Ids should be ignore as spam and given zero value from readers as one person could use more names a lot more easily.
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(74133)
Monday, June 6, 2016 12:04 AM PST 
Phase 6

What's happening in phase 6 in front of Dha office and nawazsharif interchange
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(74132)
Sunday, June 5, 2016 11:37 PM PST 
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(74130)
Sunday, June 5, 2016 08:13 PM PST 

AOA

As CMY has already explained about CGT i will not be adding details to it.

But Please try to understand what exactly has changed, Many people here think that 10% CGT was not present before and it is whole new TAX.

It was there since 2014 and only thing changed is the holding period.

Please look at the attached picture which gives accurate information about new taxes, WHT and CGT are presented for current period and proposed under filer and non filer. Please take some time to understand and then post questions.

Salman.A® replied on Sunday, June 5, 2016 08:24 PM PST 

Sorry unable to upload the JPG image. I will type it here.

WHT ON SALE OF PROPERTY

FILER (current) 0.5% (proposed) 1%
NON FILER (current) 1% (proposed) 2%

WHT ON PURCHASE OF PROPERTY

FILER (current) 1% (proposed) 2%
NON FILER (current) 2% (proposed) 4%

NOTE: WHT is set to DOUBLE which can fully be adjusted in your income tax returns.



CGT ON SALE OF IMMOVABLE PROPERTY

CURRENTLY

10% if SOLD within the first year
5% if sold between 1-2 YEARS

PROPOSED

10% CGT FLAT RATE for up to 5 years

Note: people who have bought properties within this fiscal year and who are panicked to sell their holdings before 30th June will have to give 10% CGT as per old RULES, if they wait and let the market absorb the news of taxes they still will be paying 10% CGT. Basically nothing has changed for short term investor. only WHT will be doubled.

I dont see any major drawbacks in property with these taxes.

And please if your property rate has doubled in past 1 year it wont hurt paying few lacs to Government as Taxes. Besides taxes are on DC value not your actual tradable value.

I wish best of luck to the investors.

Adrees® replied on Sunday, June 5, 2016 08:34 PM PST 

Dear Salman A. please can you elaborate the how the Capital gain is calculated. is tax on gain or straight away on DC value of property at the time of transaction.
thanks

B A Rana® replied on Sunday, June 5, 2016 08:48 PM PST 

"Gain" means profit.
If no profit no CGT.

CGT = (DC rate on selling date - DC rate on buying date) X 0.1

Ali replied on Sunday, June 5, 2016 09:21 PM PST 

@ Salman
Previously we have Stamp Duty, CVT, Advanced income tax and CG tax.
What is WHT ? Was it available previously?

Salman.A® replied on Sunday, June 5, 2016 10:33 PM PST 

Every Time we sell our property within first two years, we pay CGT. It is calculated at DC rate. Basic formula to calculate CGT is as follows.

10% of the capital gain or 2% of the recorded value at the time of sale, whichever is higher

Usually within 1 year DC values are not revised so we pay 2% of DC value as CGT and this is what most of us are paying even TODAY.

Mr B A Rana is not correct in his calculations. There will always be CGT. Government is smarter than us.

Abdal® replied on Sunday, June 5, 2016 11:19 PM PST 

@Salman. You have elaborately described the matter at hand. However, for further clarity will you be able to advise. 1) whether iCGT is a federal or provincial tax 2) will it be possible to quote the relevant legal provision wherein you are of the that CGT would be higher of 10% of gain or 2% of recorded sale value 3) recorded sale value is the value on ehich agreement is signed / market value on which transaction is done or value on which duties are paid ( normally DC rate), this refers to the case where there may be a difference between the two.

SIM replied on Sunday, June 5, 2016 11:33 PM PST 

Thanks Mr Salman. You have been great help.

Maqsood replied on Monday, June 6, 2016 12:53 AM PST 

You said "10% of the capital gain or 2% of the recorded value at the time of sale, whichever is higher" But as per page 32 of official text of budget speech nothing regarding 2% is mentioned. http://www.finance.gov.pk/budget/budget_speech_english_2016_17.pdf

NT replied on Monday, June 6, 2016 03:55 AM PST 

One can find further detail of Capital Gains on disposal of Immovable Property in following sections of IT Ordinance:

Definitions: SECTION 37

Rates: THE FIRST SCHEDULE - PART I - Division VIII

Jameel Mughal® replied on Monday, June 6, 2016 04:37 AM PST 

these are 2014 Rates, Actually due to under reporting of gain, Govt is implementing 10% on gain or ?? [ must be be 4 to 5%] of DC rate whatever is higher, More details are still to come

see the draft of 2014
Sr. No. Description Rate
1. Sale within one year of acquisition 5% of the capital gain or 2% of the recorded value at the time of sale, whichever is higher
2. Sale between more than one but within two years of acquisition 4% of capital gain
3. Sale between more than two but within three years of acquisition 3% of capital gain
4. Sale between more than three but within four years of acquisition 2% of capital gain
5. Sale between more than four but within five years of acquisition 1% of capital gain
6. Sale after five years of acquisition No tax.

NT replied on Monday, June 6, 2016 05:26 AM PST 

Capital Gains on disposal of Immovable Property is an overlapping subject between Federal & Provisional Govt.

As per Income Tax Ordinance Rate is 10% of Capital Gain(Sell within 1Year) & 5% of Capital Gain (Sell after one & before two years) & no tax if sell after two years.

However currently CGT is charged based on Punjab Finance Act that is 2% of DC rate (sell in one year) and 1% of DC rate (1-2 years) and zero after two years to "avoid the complications of accurate calculation of Capital Gain on Transactions".

Please correct me if my understanding is wrong.
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(74129)
Sunday, June 5, 2016 07:41 PM PST 
Which is the most safe society in Lahore?

There are a number of prestigious societies in Lahore.

But which is the most safest society in terms of personal safety? :-)

Hhhhh replied on Sunday, June 5, 2016 07:45 PM PST 

GHQ

Lahori® replied on Sunday, June 5, 2016 07:52 PM PST 

In my view Fazaia

Nabeel® replied on Sunday, June 5, 2016 07:54 PM PST 

I've heard its Bahria Main & Bahria Orchard.

Is it true?

NT replied on Sunday, June 5, 2016 07:56 PM PST 

EME & Fazaia-1

Ahsan replied on Sunday, June 5, 2016 08:24 PM PST 

Bahria Town Canal and Orchard.

gauhar replied on Sunday, June 5, 2016 08:59 PM PST 

bahria town

NM CH replied on Sunday, June 5, 2016 09:08 PM PST 

Askari X New Airport Road is the best of all regarding all issues.

Muhammad Ramzan® replied on Sunday, June 5, 2016 09:19 PM PST 

EME

Z.F replied on Sunday, June 5, 2016 09:35 PM PST 

Sukh chayn and EME

Naveed@786® replied on Sunday, June 5, 2016 09:36 PM PST 

Bahria Canal and Orchard is safe. DHA EME and Sukh Chain also good for living in peaceful safe environment. Lahori better know these societies. No doubt about it.

Ashfaq® replied on Sunday, June 5, 2016 09:55 PM PST 

DHA EME is the best for living. Now, no load shedding in DHA EME.

humair replied on Sunday, June 5, 2016 09:56 PM PST 

Eme dha

Hadi replied on Sunday, June 5, 2016 10:15 PM PST 

Without any doubt bahria town. Safest + commercial activities + Educational point of view. Bahria is matchless.

Adeel replied on Monday, June 6, 2016 12:05 AM PST 

DHA EME if you have budget of 25 Mil +
Fazaia 1 is next with lower budget but little distant and less populated at the moment

shah replied on Monday, June 6, 2016 01:02 AM PST 

engineers town sec b

Ch Khalid UK® replied on Monday, June 6, 2016 06:55 AM PST 

Dear Ashfaq SB, Will you please through some light for me what arrangement has been done by eme to cater for load shedding. Regards

User_1671® replied on Monday, June 6, 2016 10:30 AM PST 

DHA EME Sector

Ch Khalid UK® replied on Monday, June 6, 2016 04:51 PM PST 

@Dear Ashfaq Sb, Salam, Thank you very much for updating. 1st of all Ramazan Mubarak to you and to all brothers. Nice to hear for sorting out load shedding problem in DHA EME.

Aa replied on Monday, June 6, 2016 05:46 PM PST 

cantonment

Shahzad® replied on Monday, June 6, 2016 11:41 PM PST 

As per my experience , Bahria Canal, I am living there from almost last 4 years and never regret the decision moving to Bahria. Good Society to live.. sector B and C are recommended.

salman679 replied on Tuesday, June 7, 2016 09:05 AM PST 

EME Society
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