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Lahore Real Estate Forum: Property News & Community Talk : ,

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   Abdul Ghafoor
Monday, February 11, 2019 02:41 AM 
Reply: >
What will be impact of new FBR rates on prism 1-kanal plots. Previously non filers were able to buy 1 kanal as it was priced at 45 lakh. Now the new rates of 54 lakh will make them non-purchaseable for non filers?
wow replied on Monday, February 11, 2019 07:24 AM 

wow, its a great change
thinker replied on Monday, February 11, 2019 08:28 AM 

Exactly. So even less buyers now. The Govt plans to increase it further in the next budget in June to bring it to 80% of actual value. I see further drop in prices after that. Secondly you have to justify a much larger amount to FBR after the increase.
Shedha Telli replied on Monday, February 11, 2019 10:14 AM 

Abdul Ghafoor, Ab Khoush Ho
Abdul Ghafoor replied on Monday, February 11, 2019 04:54 PM 

Sir iss may khushi ya ghum ki baat nhi. I wanted to buy 1 kanal plot. Should I wait till budget or buy now?
Ghum replied on Tuesday, February 12, 2019 03:35 AM 

5 year wait karain Imran Khan ke jane tak
asad khan replied on Tuesday, February 12, 2019 06:02 AM 

Dear All, real estate sector is being destroyed in a planned manner.Very cleverly planned game. It started in July 2016 & no government how patriotic will undo it as it is beyond them.
Regards
Ali replied on Tuesday, February 12, 2019 06:02 AM 

Wait and see the property blood bath. Its obvious on the horizon :)
Visitor replied on Tuesday, February 12, 2019 09:09 AM 

Dear Asad Khan. would you explain who playing this game and why. is real estate no more investment heaven forever or after some years it will rise again?
Thinker replied on Tuesday, February 12, 2019 12:04 PM 

Government needs more taxes. They have already squeezed salaried class, max tax on petrol and diesel, witholding tax on everything, 200 percent duty on cars. The only sector left was real estate. Govt knows that people invest all their money in this sector, so it knows that it can get billions from it. Taxes on this sector will continue to increase, plus FBR will go after anyone who invests a large amount in property. Therefore the sector will not see the kind of gains it saw from 2102 to 2106 when plot prices tripled in 4 years. Now prices will stay stagnant for the next 4 to 5 years
Nabeel® replied on Tuesday, February 19, 2019 05:38 AM 

Very major impact. Most buyers are non-filers, this will reduce dramatically the pool of buyers of 1 Kanal Prism.
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