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Another one, please comment.

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using Visio. Need some finishing touch. Comments welcome.

DHA 9/10 File

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Dear CMY
i am coming to Pakistan next week InshaAllah
i want to purchase 9/10 file.
please tell me total expenses for buying including transfer, file rate, commission or if there is any of expense.
Regards

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Dear Mujahid Yaseen sb,
Regards. I live in UAE.I am going to request your countable opinion on the following.
1-I want to purchase a 1 k plot @ pkrs.50 lacs (with 20 % tolerance) somewhere at a nice place for my home.No specific area in my mind but only security, less noise pollution and quality of living is priority. House construction can be started with in 2 years.
2-How you compare DHA with Bahria town??
3-why Bahria is expensive than DHA..?
4-What you say about sukhchayn gardens.
Your opinion will be highly appreciated.
Thanks. Khalid Hassan Syed

I WANT O SELL 5 MARLA PLOT IN DHA VALLEY ISLAMABAD

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DEAR I HAVE 5 MARLA PLOT AT DHA VALLEY ISLAMABAD IN IRAS BLOCK.ANY BODY WHO WANT TO BUY CAN CONTACT ON ,

Processing time to purchase a file in DHA phase 9.

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Dear all,

What is maximum processing time for transfer of owner ship for DHA phase 9 file.

Rigestry / Transfer of owner ship.

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Dear CMY sahib & friends on this beautiful forum,

I am staying out of Pakistan and planning to come back for 10 days. I am interested to purchase a property in LDA Avenue 1.

I need your sincere and experienced advise, is it possible to complete documentation for ownership transfer in one 7 to 10 days ???

Pakistan Real Estate Report 2011

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Pakistan Real Estate Report 2011

The Pakistan Real Estate Report provides industry professionals and strategists, corporate analysts, real estate associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Pakistan's Real Estate industry.

The last year or so has been very challenging for the protagonists in Pakistan’s commercial real estate sector. Rents have fallen in Islamabad and Karachi (although not, apparently, Lahore) and across all three sub-sectors. It also appears that there have been sharper drops in prices and capital values, with the result that yields have in some cases increased.

This has happened even though Pakistan’s economy has suffered far less from the global financial crisis than its counterparts have in many other developing countries. The fundamental problem is a lack of demand from potential commercial tenants. The dangerously unstable political and security situation has resulted in the overall level of demand for commercial space falling well below that which is available. Our sources report vacancy rates of 40-50% in Lahore and Karachi. Perhaps because of the larger government presence, the vacancy rates in Islamabad are only around 10%.
Property owners also have to contend with the looming completion of a number of new, mixed and prestigious developments, such as the Centaurus in Islamabad. Our in-country sources (interviewed in mid-February 2010 and again in July 2010) indicate that the likely impact of these new projects will be to attract tenants from surrounding, and older properties not least because they offer better physical security.

That these developments have continued at all is testament to the fact that a number of the protagonists understand, and are extremely tolerant of, the risks of doing business in Pakistan. Foremost among these is the Defence Housing Authority (DHA). Projects have also been supported by Middle Eastern multinationals; however, some of these companies, which are both developers and potential occupiers of space in Pakistan, have suffered as a result of the financial crisis in Dubai.

The comments from our sources in Pakistan indicate that rental yields have been volatile recently as a result of the slippage in rentals and (often) a greater fall in prices and capital values. Looking forward, we envisage that yields will stabilise over the 2011 to 2015 forecast period at levels that were prevailing in 2008 and 2009.

On the macroeconomic front we estimate growth to come in at a respectable 4.1% for FY2009/10. However, despite this flash estimate we remain cautious on the prospect of a return to the booming growth enjoyed through the middle of the last decade.

Property tax, water and allied charges

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Property tax, water and allied charges

CDA to launch drive for recovery of Rs 61m from defaulters
ISLAMABAD: Capital Development Authority (CDA) has decided to launch a campaign for recovery of Rs 61 million outstanding dues on account of property tax, water and allied charges from 77 defaulting owners of the commercial and residential buildings.

CDA Chairman Imtiaz Inayat Elahi has directed the Revenue Directorate to expedite the campaign for recovery of dues and initiate legal action against the defaulters who fail to clear their dues, sources told Daily Times on Friday.

They said in the first phase notices would be issued to the defaulters for immediate payment of the dues.

According to CDA record, Rs 47 million are outstanding against the owners of 478 commercial buildings. Rs 526,924 are outstanding against Mushtaq Ahmed, owner of Block 1-J, Bazaar 3, I-8/1, Rs1,009,755 against Naseer Ahmed, owner of Block 3-E, I-9 Markaz, Rs 2,035,321 against Fateh Khan and Shah Jehan, owner of Block 3-P, I-9 Markaz, Rs 648,933 against Allah Bax and Mulla Bax, owner of plot No 118, I-11/4, Rs 410,033 against Haji Muhammad Yousaf, owner of plot No 133, I-11/4, Rs 615,127 against Daud Ahmed and Mrs Amna, owner of plot No 8, Cold Storage, I-11/4, Rs 3,691,036 against Nasir Hayat, owner of Block-2, OPI Building G-5, Rs 1,880,131 against Ghulam Muhammad, owner of Block No 4, G-6 Markaz, Rs 980,457 against Saeed Ahmed Abbasi, owner of Hotel Regalia Class-IV S/C, G-6/1-1, Rs 1,115,878 against Metloob Ali, owner of Block No 14/9, G-7 Markaz, Rs 839,343 against Ahmed Saeed, owner of Block No F&V Market G-7/1, Rs 270,639 against Amjad Hussain, owner of plot No 02, I&T Centre, G-8/1, Rs 306,359 against Noor Muhammad, owner of plot No 23-A, Unit 05, G-9 Markaz. Zafar Iqbal owner of Block.20-D,½ Share East G-9 Markaz has to pay Rs 782,064, Shahid Siddique, owner of Block.39, FF-2nd Floor Partly GF G-9 Markaz Rs 520,728, Malik Tariq Mehmood, owner of 117-A I&T/Centre G-9 Rs 628,274, Tahira Iftikhar Malik, owner of Block 27-E,GF and Basement Partly G-9 Markaz Rs 425,803, Nighat Maqbool, owner of 136, I&T/Centre G-9 Rs 429,606, Sardar Abdul Hameed owner of Block 6-F, F-10 Markaz Rs 436,980, Muhammad Afzal Abbasi, owner of Block 2-H, Bazaar No 3, F-11/3 Rs 426,900, AD Pervaiz, owner of 1C, 1/3 share Blue Area F-6/G-6 Rs 709,337, Ahmed Raza Laghari, owner of 24-W, 4/5 share, Blue Area F-6/G-6 Rs 2,891,830, M Sarwar Khan, owner of 76-W, 1st floor, Blue Area F-7/G-7 Rs 615,938, Rehana Afzal owner of 74-W, Blue Area F-7/G-7 Rs 444,912, Gibran Khurshid Rashi, owner of 110, Blue Area F-7/G-7 Rs 458,833, M/S Pervaiz Iqbal, owner of 60-E, Industrial Area, I-10/3 Rs 764,157, M/S Friends Veneer Co owner of plot No 115, Industrial Area, I-10/3 Rs 465,925, Abdul Aziz Attorney of plot No 89, Industrial Area, I-9 Rs 1,093,079, M/S Pakistan Commercial Co plot No 302-A, Industrial Area, I-9 Rs 575,376, M/S British Biscuit Factory plot No 337-340 and 353-356, Industrial Area, I-9 Rs 1,570,622, Carrier Telephone Industry, owner of plot No 138-141, 159-161, 187-188, 206-207, Industrial Area, I-9 Rs 1,374,504 and Raja Muhammad Ashraf owner of 2-C, Class-III, S/C, Rawal Town Rs 517,521.

The 29 residential building owners have to pay over Rs 14 million. These include Mukhtar Bibi, owner of H No 36, Masjid Road, Sector F-6/4 Rs 640,886, Yaqoob Jamil, owner of H No 11, street No 2, Sector F-6/3 Rs 918,171, M Ayub Malik, owner of H No 10,NDR, Sector F-7/1 Rs 743,513, Haji Zarwar Khan, owner of H No 2, Street No 27, Sector F-7/2 Rs 674,603, Faisal Haq, owner of HNo 24, Street No 8, Sector F7/3 Rs 1,075,870, Ms Imtiaz Ellahi, owner of H No 11, Street No 65, Sector F-8/3 Rs 896,108, Umer Siddique Butt, owner of H No 16, Street No 25, Sector F-8/2 Rs 838,285, Shahida Arif, H No 122, Street No 37, Sector F-10/1 Rs 1,074,835, Allouddin, owner of H No 216, Sector F-11/1 Rs 970,374, Muhammad Shabbir owner of H No 415, Sector F-11/1 Rs 1,131,890, Muhammad Riaz, owner of H No 345, Sector G-10/1 Rs 353,595, Qari Khushi Muhammad, owner of H No 590, Sector G-10/2 Rs 461,314, Dr Naseer Ahmed, owner of H No 255, Sector G-10/2 Rs 363,931, Abdul Aamin Jafri, owner of H No 360, Sector G-10/2 Rs 280,824, Sahiba Khatoon, owner of H No 74, Sector G-10/4 Rs 257,089, Noshaba Mansoor, owner of H No 441, Sector G-10/4 Rs 230,715, Rehan Malik, owner of H No 1209, 3rd Road , Sector G-10/4 Rs 690,777, Javed Ahmed, owner of H No 301-C, Sector G-10/3 Rs 245,132, Mansub Khan, owner of H No 301-D, Sector G-10/3 Rs.370,382, Muhammad Ishaque, owner of H No 71, Sector I-8/3 Rs 344,144, Syed Naseer Ahmed, owner of H No 109, Street No 60, Sector I-8/3, Rs 344,046, Shabnam Farooqi, owner of H No 205, Street No 74, Sector I-8/3 Rs 342,517, Nazir Ahmed Alvi, owner of H No 279, Street No 55, Sector I-8/3 Rs.331,405, M Asif Khan, owner of H No 59, Street No 96, Sector I-8/4 Rs 284,809, Sabiha Ziafat, owner of H No 115, Street No 96, Sector I-8/4 Rs 226,557, Nasreen Farooq Ayub, owner of H No 338, Street No 102, Sector I-8/4 Rs 226,557, Zarina Khatoon, owner of H No 78, Street No 96, Sector I-8/4 Rs 268,870, Shair Dad, owner of H No 1201, Street No 29, Sector I-10/4 Rs 178,266 and M Azam, owner of H No 912, Main Road , Sector I-10/1 Rs 144,701.

CM inaugurates Kalma Chowk Flyover

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CM inaugurates Kalma Chowk Flyover

LAHORE – Punjab Chief Minister Muhammad Shahbaz Sharif laid the foundation stone of flyover project at Kalma Chowk costing more than Rs 2.3 billion.
The flyover, which will be the best of the country, will be completed by August 14. Two flyovers of three-lane each will also be constructed on both sides of Ferozepur Road, which will not only rid the people of traffic problems at Kalma Chowk, but also streamline the flow of traffic at Main Boulevard and Ferozepur Road. In the first phase, flyovers will be constructed at Kalma Chowk while in the second phase underpasses will be built. Members National and Provincial assemblies, Commissioner Lahore, Director General LDA, Sector Incharge National Logistics Cell and senior officers of NESPAK were also present.
Addressing a briefing meeting at the foundation stone laying of Kalma Chowk flyover project, the CM said the Punjab government was implementing a comprehensive programme of infrastructure development, and a network of flyovers and roads was being laid in the province. He said the projects executed in his last tenure were also unparalleled with regard to their standard and transparency and Lahore-Kasur Raod, Ring Road, Shalimar Interchange, Shaukat Ali Road and other development projects implemented during his current period were also comparable with any international project.
He said transparent utilisation of every penny of public money was being ensured and third-party audit system was being strictly implemented in the execution of development schemes.

Punjab board offers plan to develop Lahore Trade Centre

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Punjab board offers plan to develop Lahore Trade Centre

LAHORE: The Punjab Board of Investment and Trade (PBIT) has proposed the development of Lahore Trade Centre in line with the Real Estate Investment Trust (REIT) to attract both local and foreign investors, a top official of the PBIT said.

“Despite offers to privatise the Lahore Trade Centre’s land, no investor took interest in the biding process. This means that we need to explore some other way of developing LTC,” Moazzam Hussain, Director General Projects PBIT, told a conference attended by developers, banks and brokerage houses.

REIT is a mutual fund that invests in real estate development projects and the Punjab government has given fiscal incentives by lowering stamp duty for such funds to buy and sell property.

“REIT offers multiple benefits to the economy and can bring transparency to real estate transactions,” Hussain said.

The funds can increase participation of general public in profitable real estate projects and kick start business activities, thereby eliminate housing backlog and provide quality living, he added. “REIT can bring standardisation and best practices to the construction industry, efficiently channel Foreign Direct Investment (FDI) and substantially increase government revenues.”

The conference focused on recent incentives as well as the procedure, policy and regulatory framework for opening up the REIT and to engage in a dialogue with all stakeholders.

A Developmental REIT Scheme, he said, invests in real estate to develop it for industrial, commercial or residential purposes through construction or refurbishment and generates income through its subsequent sales. “REIT will provide a viable channel for FDI into development of the Lahore Trade Centre,” Hussain said.

He said that the PBIT was actively promoting the new REIT structure and initiating real estate projects.

Plot on Installments

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Can any one guide me for some investment in Plot on installment. Initally i can deposit 12 Lacs remaining in quarterly installments. Plot size should be 1 Kanal. Plot cost should be under 40 Lacs in 3 years installments plan.

Best regards

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I am looking to buy a plot in DHA 6 BLOCK C for construction purpose..can you please tell be the value of plots near Avenue 6 opposite block A,
Also if you can update me on the ring road, will the completion of ring road have any impact on the commercial value of the plots near to interchange...
People say that block “K” will have more value due to its proximity to gold course but i came to know that Golf course has been blocked by DHA with boundary wall, is it true?

I do not live in Pakistan, therefore would request an honest and candid opinion from the experts like you.
Thanks

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Dear Brothers, i have 15 lakh cash and i want 1 kanal plot for 5 to 7 years plan. please advice me which is the best at this amount and will be developed/populated max upto 7 years.

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Respected readers any body need to sell or buy plot in bahria phase 8 contact me at

pls advice Experts of BT Rwp esp Azad K. and Mian Nadeem,

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Dear Experts of BT Rwp esp Azad K. and Mian Nadeem,

I'm interested to buy 10M plot in Bahria Rawalpindi in sector B or C for my home. I have 14 lakhs now. what would u advice and importantly how much time u think these phases will take to fully developed?

Regards
arif

PHASE 5 EXT

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DEAR CMY

CAN YOU PLS ADVISE PRESENT STATUS OF PHASE 5 EXT ALSO LET ME KNOW APROX TIME OF BALET,WHAT WILL BE ONE KANAL PLOT PRICE AFTER BALET?

THANKS

S.JAVED

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I need for my valued clients plot size 25x40 in G-14/2 & 3 and also plot size 50x90 in G-14/4 or G-13 any sector. Serious sellers to please contact. Reagrds to all viewers.
Group Capt Irfan (Retd) :1)
CE Xcellent Estate
, 5250242

For Sale-Bahria Town Ph-8 Rawalpindi, Corner Plot, 8-Marla (200-SQYD)

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I want to sell my Corner Plot in Bahria Town, Phase-8.

Plot No. 255-J

Size: 8-Marla (200-Yards)

All installments including development charges paid.

Amount Paid to BT: Rs. 587,000/-
Final Price: Rs. 587,000/-

The final price of plot is the same as the total amount already paid to Bahria Town. Please contact me at my Cell No. , if interested.



Farid-ud-Din

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I have 14 lakhs now and i want to buy a plot to build my house within a year. Can any1 suggest me some good livable areas where i can find a 7-10 marla plot in lahore.