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ASA
Could you please help me to understand that:

1. On this website, the rate of 10 Marla Plot in Bahria Orchard is 1300,000 to 1600,000

2. Bahria Town Office gives the rate of a 10 Marla plot is: 2350,000 with one year installment.


Why is this big difference and please also tell something about the importance of location and future of Bahria Orchard?

Is it a good decision to buy plot on 1 year installments there for 2350, 000 with 10 % extra for corner. :h

One Kanal Golden Plot For Sale DHA Lahore Phase 8

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It is situated in DHA Phase 8, Plot No.732,Block Y on 50 feet Road in front of Park.Demand 50 Lacs. Development Work has been started. Best investment for near future. For more details contact us.

Mian Rashid
Lahore Real Estate
03028409967
Rashid@LREPK.Com
:sh: :sh: :sh:

DHA Valley Islamabad

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DHA Valley was a fraud project since beginning. No land has been developed after years. Lot of people have lost their savings and no chance of return.

Sad sad state of affairs in country.

AK

Foreign Currency Account in Pakistan

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I am sorry to post this post which is not related real estate/property.

I would like to open Foreign Currency Account in Pakistan. Please advice me which bank is safe and with good reputation which currency is better, Pound/Euro or dollars?
Abdul Rehman

DHA Valley Islamabad

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After reading the above i called my Friend working in Record section of DHAI.He confirmed the news above stated is accurate. DHA Valley now consist of Overseas Block,Lily,Orleandar & DHA Homes.
Nothing confirmed with regards to the prices of Plots.However said Officially Dha Homes Prices for the Ready Homes is fixed at 60 Lakhs due to cancellation & Non Payment if purchased directly from DHAI.
But might be less 2-3 Lakh with estate agents.
Congrats to the owners of Remaining Blocks.
Sajjad Durani

DHA Lahore Phase 9 Town Plots For Sale

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DHA Lahore Phase 9 Town Near Plot 1784-C @ 23.75 Lacs,150 Ft Road,Near Park (5 Marla)

DHA Lahore Phase 9 Town Near Plot 856-C @ 21.00 Lacs,Corner (5 Marla)

DHA Lahore Phase 9 Town Near Plot 1603-A @ 18.00 Lacs,(5 Marla)

DHA Lahore Phase 9 Town Near Plot 1011-A @ 19.50 Lacs,Facing Play Ground(5 Marla)


****Five Marla Files Available In DHA Lahore Phase 9 @ 10.50 Lacs**** Strongly Recommended


****Ten Marla Files Available In DHA Lahore Phase 9 @ 17.50 Lacs****


For Buy/Sell In DHA Lahore Phase 9 Please Contact

Mian Fawad Ahmad
0302-4489001
Email:Fawad@LREPK.com

:forsale: :forsale: :forsale:

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As a matter of fact, the daily rates are not today's opening rates, they are actually yesterday's closing rates. And yes, property exchanges work like stock exchanges, with mostly minor but sometimes major daily changes. If you gentlemen notice closely, most of the rates usually remain unchanged over many days before a slight increase or decrease. Take for example Phase 9 file, it has been hovering around between 26.25 and 26.50 for almost three weeks, with buyers sitting at around 15000 PKR lower than the seller price. It should also be kept in mind that most of these rates are for reference and once you are in a hot deal, the price is always negotiated. Furthermore, we must be grateful to this site that gives so much information and runs this magnificent blog 24 hours a day to help people like me living outside the country and everyone else, and in this process, if they make some money, so why not. It is everyone's right to make money, its simple business. So be appreciative people, and if you dont like the idea of watching property rates daily, then you should not be on this forum, with due appologies.

DHA Lahore Phase 6 Plots For Sale

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Confirmed Plots For Sale in DHA Phase 6

DHA 6 Near A397=88 120 feet road
DHA 6 Near A205=67 10M 100 feet road
DHA 6 Near B270=102
DHA 6 Near B407=105
DHA 6 Near B190=106
DHA 6 Near C442=90
DHA 6 Near C782=88
DHA 6 Near C804=85
DHA 6 Near C288=95
DHA 6 Near D466=80
DHA 6 Near D427=85
DHA 6 Near D591=80
DHA 6 Near D9=95 70 Feet
DHA 6 Near D580=78
DHA 6 Near E372=76
DHA 6 Near E626=65
DHA 6 Near E314=75
DHA 6 Near E27=78
DHA 6 Near F66=78
DHA 6 Near F456=75
DHA 6 Near F71=73 Corner
DHA 6 Near F120=80
DHA 6 Near G79=250 2 kanal 100'ft ROAD
DHA 6 Near G377=85
DHA 6 Near G267=85
DHA 6 Near H47=105
DHA 6 Near H108=105
DHA 6 Near H95=105
DHA 6 Near H272=108
DHA 6 Near H179=105
DHA 6 Near J78=92
DHA 6 Near J604=89
DHA 6 Near J516=100
DHA 6 Near J571=95
DHA 6 Near K838=85
DHA 6 Near K552=100 Corner
DHA 6 Near K427=96
DHA 6 Near K880=85
DHA 6 Near L1270=88
DHA 6 Near L579=85
DHA 6 Near L450=85
DHA 6 Near L897&898=180 Pair
DHA 6 Near M240=82 Corner
DHA 6 Near M390=78
DHA 6 Near M421=74
DHA 6 Near N725=66
DHA 6 Near N916=70
DHA 6 Near N789=65
DHA 6 Near N205=85
DHA 6 Near N486=74

Hassan@LREPK.Com

Lahore Real Estate

DHA Phase 5 Sector M - Development Charges

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When is the 1st installment of development charges due for payment for Sector M Phase 5 DHA Lahore?

Is there are discount on lump sum payment?

Please advise. Thanks.

NEED ADVISE IN COMMERCIAL PLOTS

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I thank you all of you respected participant to guide me and taking interest. JAZAKALLAH KHAIR.
Can i get commercial plot in 4-4.5 Million, please advise the area or if you have any option (what are the prices)please let me know. I am planning to visit Pakistan in Oct or November 2012.
I once again thank you all.
Regards
Fawad

Withholding tax not applicable on all property transactions

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Withholding tax not applicable on all property transactions

SOHAIL SARFRAZ

ISLAMABAD: The 0.5 percent adjustable withholding tax under section 236C of the Income Tax Ordinance 2001 on sellers of immovable property would not be applicable on property transactions where the Capital Gains Tax (CGT) is not collected under Finance Act 2012.

Sources told Business Recorder here on Sunday that the CGT on immovable property and withholding tax u/s 236C of the Income Tax Ordinance 2001 on sellers of property should not be considered as two different taxes. The CGT on the immovable property is directly linked with the 0.5 percent adjustable withholding tax. This adjustable tax would only be collected in cases where the CGT on immovable property is applicable as per new law. The CGT is not applicable on property sold beyond the period of two years and the same is the case with the withholding tax under section 236C of the Ordinance 2001. Thus, the withholding tax would not be applicable on property sold beyond the period of two years as well.

Sources dispelled impression that the 0.5 percent withholding tax would be applicable on each and every property transaction. This is also wrong that it is an entirely different tax as compared to the CGT. This withholding tax would only be applicable in cases where the CGT laws are applicable as per new Finance Act.

The FBR has facilitated the general masses by only collecting the adjustable withholding tax from persons liable to pay the CGT on immovable property. There is no need to specifically mention about the period of the applicability of the withholding tax in the law as IT-5 return form would only be applicable where the CGT on immovable property is being collected. There is no collection of the withholding tax on property transactions where CGT is not applicable.

The 0.5 withholding tax is adjustable against final payment of CGT on the immovable property. The persons paying this adjustable tax would be able to get adjustment on payment of the CGT in their income tax returns. It is a facilitative measure for not imposing the 0.5 percent withholding tax on all property transactions and it has been done to develop a system to collect information about persons engaged in property transactions.

The Board had made it mandatory for the sellers of immovable property including plots, flats, buildings and agricultural land etc to submit a new application form, ie IT-5 to the registering/transferring authorities for sale/transfer of the property/land. The Board had issued IT-5 form, i.e. an application to the registering/transferring authorities for sale/transfer of immovable property.

The registering or transferring authority would have to make four copies of the IT-5 form. The original copy would be retained by the registering/transferring authority and the remaining three copies be distributed among sellers, buyers and concerned Regional Tax Office of the FBR. The last copy to the RTO would enable the FBR to know about the property transaction for the imposition of capital gain tax on the immovable property.

The registering or transferring authorities would have to ensure that withholding tax u/s 236 of the Income Tax Ordinance 2001 has been paid by the sellers and one copy has been sent to the Regional Tax Office concerned.

Through Finance Act, 2012, Capital Gain tax on immovable property has been introduced. The gain on sale of such property within two years of acquisition shall be taxed in the laid down manner: Where the holding period of immovable property is up to one year, the rate of tax would be 10 percent and where the holding period of property is more than one year but less than two years, the rate of tax would be five percent.

Through this amendment of Finance Act, 2012, gain on sale of immovable property becomes taxable under the head capital gain. However, immovable properties sold beyond holding period of two years would bear the character of capital assets but are not taxable.

Under Section 236C of the Income Tax Ordinance, 2001, any person responsible for registering or attesting transfer of any immovable property shall at the time of registering or attesting the transfer shall collect from the seller or transferor advance tax at the rate specified in Division X of Part IV of the First Schedule.

http://www.brecorder.com/top-news/1-front-top-news/67935-withholding-tax-not-applicable-on-all-property-transactions-.html

V-861 Phase 7

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Dear LRE Team
Can you please confirm if V-861 Phase 7 is in the village? Please also confirm whether the village will remain or DHA will get this land? If DHA gets this land what timeframe I should be looking at for its development? Pls also confirm the realistic price if I want to sell this plot.

Thanks and best regards
Taha

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i have 3 commercial plots in bahria nashemen zinnia block ferozpur road ready for construction beautiful society opposite central park.u can buy one,pair or all three zinnia block numbers 1,2,3 total area 8 marlas each 2.66 marla,one is corner,fully paid two are on installments,demand 20 lacs each.for corner ten percent extra.negotiable a little

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Dear All,

I looking to buy a small commercial plot, I have a budget of 3-4 milllion Rupees. Could anyone help me to suggest some areas as I have already requested the guidance few times.

Kind regards,

Zaman

College Road Lahore completion

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Could some brother update about the college Road completion at NFC-1 entry. Latest Google Map is showing
that the road is already patched up.

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LRE is showing daily price chart as like stock market, currency exchange of gold rates which is irrationale.There is no mechanism it is only on one's whims (khahis)Zameen is there from bab adam and we put price on it at every moment. This is greed of a man.I have seen rates of Baharia town sector c it was 15-30 (for 10 marla) the next day it was 16-30.

Phase ix

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Dear cmy and salman
any news on Dha announcement as visualized by cmy a week back. Any likely negative or positive effects

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Dear LRE Team.

Kindly advise current market value of DHA Phase-7 Plot Nos Z-1549 & Y-1083.

Thanx.

G-14 Islamabad

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Hello all,

COuld any one please elaborate on G-14 area of islamabad?

regards

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Dear Members of LDA Avenue 1 Lahore,
I would request all members to raise voice against LDA management in Court and file claim against LDA in District Consumer Court Lahore seeking heavy compensation. For any guidance Indian Consumer Protection Act, 1986 be consulted. I want to file CPLA against the LDA in the Honourable Supreme Court of Pakistan. The persons who want to help me in this cause may contact me at cell #