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DEAR LRE

AOA

Kindly evaluate the latest market price of the following one kanal plots of Prism Phase 9.

N-564
H-119
B-801
L-189
M-782


Thanks.

IN RESPONSE TO POST #82999 ABOUT REMITANCE

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I am amazed how ignorant people are about REMITTANCES and LEGAL WHITE MONEY IN PAKISTAN. I have lived in Saudi Arabia for 10 years and still visit on and off.

99% of people in Saudi don’t have a clue how to handle their money in PAKISTAN. ( legally )

Most of the people in Saudi send money to Pakistan to support their families though WU, Banks or any other channel. These people don’t need any remittance records as the money is spent on necessities.

But Investors who want to invest in Pakistan need to maintain proper Record in Pakistan for their REMITTANCE to be declared " WHITE MONEY "

let me give you few examples where your HARD EARNED HALAL money is considered black in PAKISTAN.

1. You are travelling to Pakistan and greed comes over you. You put 1 lac Riyals in your laptop Bag and bring the money to Pakistan, convert the money through money changers and buy a plot or put in your bank. ( People do this thinking that their money is HALAL so no one will question them ). PAKISTAN CONSIDERS THIS MONEY BLACK.

2. You transfer your money into your XYZ relatives account and you pay from his account.

3. You send Dollars to your USD account in PAKISTAN , Invite money changers in the bank, convert your cash in PKR and deposit back into your account. ( PAKISTAN CONSIDERS THIS BLACK MONEY )

these are just few examples which people do with their money. there are many more.


NOW LETS COME TO THE POINT , HOW CAN YOU DECLARE YOUR MONEY WHITE OFFICIALLY RECOGNIZED BY PAKISTAN AND FBR.

1. Open a bank Account in PKR in PAKISTAN. I USE UBL because SABB uses UBL as their remittance partner in PAKISTAN. YOU need to know which bank is in partnership with your Saudi Bank.

2. SIMPLY USE AL RAJHI to transfer your money or use your online SABB account to transfer money to UBL. If you are sending money through SABB to UBL account, the money will be deposited within 3 days with all the details of your transaction. If you use SABB to transfer money into any other bank, it will reach UBL KARACHI and then UBL KARACHI will issue a LOCAL PO which will be deposited into the bank which you have mentioned. ( NO record of remittance will be shown )

Note: Rajhi mostly uses HBL to process remittances.


3. When you receive money in PAKISTAN, You should have TT number or reference number with you, Along with scanned copy of Saudi bank voucher or money changer voucher. Go to your UBL branch and ask them to ISSUE " PRC" against your remittances. Your branch will make an application and you will sign it , they will scan it and send to the concerned department over email. After few days or even weeks with continuous follow ups eventually your PRC will arrive and you can collect it.

THIS PRC IS ONLY THING WHICH IS ACCEPTABLE and FBR ACKNOWLEDGES as FOREIGN REMITTANCES.

I have explained small details about UBL. procedure varies between different banks. BUT Keep in mind you need PRC certificate to legalize your money.

Lastly do not send money in USD in Pakistan. Because if you change USD to PKR from bank itself you will loose lots of money as their exchange rate is very poor ( they make lots of money by converting into PKR ) and the only way to get PRC from bank for USD is if you use banks services. if you withdraw USD and use local money changer , NO one will issue PRC and FBR or the GOVT. of PAKISTAN will not recognize your remittances as legal.

ALL this is for people who are investing in Pakistan. Money which is being used for necessities do not need to go through all this procedure.

ONE LAST THING

Overseas people who want to avoid paying 0.6% WHT on their bank transaction must file their income tax on yearly basis.( HIRE A LAWYER WHO WILL DO ALL THIS ON YOUR BEHALF FOR A VERY SMALL FEE of around 10-15 thousand ) As soon as you file your return you will be automatically updated as " FILER" STATUS and no WHT will be applicable on you when you buy a property, CAR, CASH withdrawals, BANK transfers etc. etc. All the money which you are sending to Pakistan is exempted income. There is no income tax on your foreign income which you are sending to Pakistan. All overseas will declare their income as foreign remittances and declare their assets. You will return a NILL income tax return with all your assets and money LEGAL.

I request all overseas to go through these procedures again and again as i myself have gone through all of this ( I learned it the hard way with no one to guide me) so i want other people to benefit. These are just simple steps with no extra money involved, just some paper work and all your money and assets will be legal.

I am willing to give answers to all of your questions which will help you legalize your money in Pakistan. Please forgive me if I am wrong some where. Whatever I have written is a personal experience and may vary from one individual to another.

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Please evaluate phase7 plot number 35V.

Thanks
Fahim

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Dear UPN

Pls evaluate 763-J

Thanks

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Can you please tell me the market value of my plots 1352jj and 1422jj 5 marlas in 9 prism?thank u

DHA Multan analysis

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Dear CMY,
Following is my humble viewpoint about DHA Multan, I have different opinion than you for short term. I hope you will review and reply to my expectations regarding DHA Multan.

DH multan will be a huge success in long term as u recommend also. However u have recommended not to buy DHA multan file above 40lac. Here I differ with u n reasons are:

Allocation numbers issued by DHA around one month ago were like 3800 to 3900. Let us suppose that this number total increases uoto 4500 till general public launch. This means total area will be around 2250 acres. Let it be assumed 2500 acres which is 20000 kanals. As a rule of thumb 50% land will be consumed in development for roads, parks, schools ettc. So remaining is 10000 kanals. Out of 10000 kanals, 5000 kanals will be alloted against files already in market. Remaining 5000 kanal will be distributed among army quota, 1 A and 10 marla general public. Which means quantity of plots offered for public will be very less and onky lucky ones will get the plot in general public balloting.

Now comes the pricing issue. DHA multan will be offered to general public at price around 60 lacs, my pereception is it will be 63 lac and then 17 lac develpment charges. So total price of 1k will be 80 lacs in 3 years installment. My guess is price of DHA Multan file will further increase and will settle around 48-50 lac. It can momentarily go above 50 but realistic price is 48 -50. After public launch which is expected after eid we may see a short term dip in file price as public interest will be applying for ibstallment plots. However after balloting fir successfull applicants we will see tezi in market again. As very less people will be successfull in ballot we will see own money on installment plots and file will follow the trend. I see a price of 57 - 60 lacs in oct- niv this year. We will see further ruse again when balloting for plit numbers will be done. After that it will steadily move upward as per development work progress and market direction.

This is my very lay man analysis as im not a property guru, but it would be nice if you can highlight shortcomings in my analysis.
Regards,
Abdullah

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kindly evaluate

Development progress:Phase 7 versus Prism

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Phase 7 versus Prism

1. Which is in a more advanced stage of development at the moment?

2. What date are the development charges expected to be due?

3. When is the estimated non-construction penalty expected (I know its difficult to predict right now, but please give your estimations)?

Regards

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any latest news about eden garden extension scheme what is the present status.

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LRE team please evaluate the current rate of plot.

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Dear UPN Team;

Can you pls update us about new offer of cutting in bahria orchard;

I have heard that Bahria is buying some vacant place at back side of J Block; Is it true.

Thanks

Plot Evaluation

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Dear LRE Team,
Please evaluate my plot near R-2537 prism.
Thanks.
BR // Abdullah

Question

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Hi All,

Sorry for non property relevant question.
I need to know that what is the Legal way to Transfer money from Pakistan to Saudi arabia
Please share your expereince

Thanks

Rizvi

Pl Evaluate H-790

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Pl Evaluate H-790


Regards.

Pl Evaluate H-790

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Pl Evaluate H-790

For Sale @ UPN, and Buying Requirements

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<=== Latest UPN Inventory: 28 May, 2016

:1) :1) :1) :1) :1) :1) :1)

For Buying/Selling in Bahria Town, Please Contact:

Waqas Naseer
Mian Zeeshan Rasool
Bilal Shamim
Rana Adnan Mudassar
Iftikhar Ahmad

Shahid Yousuf
M. Saleem CH.
Muhammad Roshan
Nouman Ahmad
M. Imran Ch.
M. Nabeel


Best Regards,
Universal Property Network
(affiliated with Lahore Real Estate)
https://www.lahorerealesate.com
https://www.lahorerealesate.com/Ads
22 A, Main Boulevard Commercial
(In Front Of Roshaan Center, Near Green Pharmacy)
Sector C, Bahria Town, Lahore

+ (Whatsapp Text)
email:
http://www.ourupn.com

:1) :1) :1) :1) :1) :1) :1)

Golf View Residencia prospect as an investment ( post no 82985)

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Arshad sb,

I have no such intention of misguiding anybody. I have only shared my view based on the facts available to me.

I personally hold 4 plots in GVR.

After the latest meeting between Malik Riaz and GVR investors the market improved after receiving assurances from MR that GVR will be completed.

I received bids of Rs 5.2 million for my plots situated in North side but decided to turn them down for the reasons I shared in my post.

If my optimism and analysis is incorrect only time will tell.

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Dear Friends,
I have sold my plot on Biana. The full payment should be received in a month times as per agreement on the Stamp paper but due to some issues for clearance of the plot it passed more than three months. Please advise if any issues to be faced on the deal.

Jazak Allah Khair

Evaluate

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Dear LRE Team,

Can u evaluate between the following plots.
1)B-132
2)B-264
3)B-664

Kindly advise which is the better of the three to buy. Thanks.

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TEAM LRE
Pl assess price of J 1093,,prism