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ACE Issues List Of Illegal Housing Societies OF District Malir, East Zone

The Anti-corruption Establishment has issued a notification regarding the list of illegal housing societies and schemes in district Malir and East zone. The purpose of the notification is to make the general public aware of these societies. The notification signed by the deputy commission ACE east zone, Mr. Zameer Ahmed Abbasi, informed genuine buyers as well as potential investors under preventive jurisdiction of Anti-Corruption Establishment to seek comprehensive due diligence to avoid being defrauded. The list of illegal…

FBR’s Valuation Of Immovable Property : Good or Bad Move?

FBR's recent decision of valuation of the immovable properties is one of the most talk-about topics in the real estate market at the moment. Some people believe that this latest happening will result as the boom of dropping market while others believe that this decision is likely to further depress the real estate market that is already suffering from a severe cut in the transactions after the ban on non-filers to buy property above Rs5 million. According to a property dealer in DHA Lahore, the current decision would…

FBR Issues SRO Notification For Immovable Properties

The good news from the property market is that the FBR has finally implemented the valuation of immovable property through a recent SRO. The government increased the built-up property prices a bit and flat rate has been introduced throughout the DHA. The benchmark of DHA City has reached 45 lacs. Therefore, filers have to pay tax accordingly. It's a good move by the government to double the prices instead of going as per fair market prices. The notification issued by the Federal Board of Revenue stated that the value of…

Mini budget 2019: Enabling purchase of immovable property by non residents Pakistanis

Finance Minister Asad Umar presented the Finance Supplementary Second Amendment Bill, 2019 (also known as the mini-budget) Umar tried to clarify at the beginning of his speech that he is not presenting a mini-budget, in fact, better call it 'a set of economic reforms'. However, the finance minister didn't forget to lash out his opponents raising a question that what the previous government had left behind for the people of Pakistan. Umar quoted "Two years ago, an economic situation began to develop when all economic…

What Are The Major Factors Affecting the Real Estate Market?

Today, we're going to discuss some of the key factors that affect the real estate market. Here are the few points we extracted out from the previous market position The interest of foreign investors The interest of Government Standard FBR Valuation Stability of the local currency against USD Political Stability Demand And Supply Gap in favor of seller - less supply high demand Presence of genuine investments - It kept the market strong The interest of investors from general public Schedule of…

Karachi’s Real Estate in 2018 – Experts’ Forecast For 2019

Overview Throughout 2018, the real estate market was in active progress about buyers as well as sellers. Despite the fact that the property market has seen frauds/scams and scandals this year, the market has proved to be the most profitable investment sector in 2018 following the record of past three decades. The healthy returns along with low tax and estimations attracted a significant portion of the investment. Few areas from almost every province of Pakistan has seen massive growth in 2018. There was a tough…

These 6 Mistakes Can Make You Lose Your Real Estate Investment

Despite the fact, that the real estate market is one of the most profitable markets but there are many who loses their hard-earned money while investing in real estate. The core reason behind this loss is the lack of experience and knowledge about the domain. One should fully aware of the possible risks and common mistakes that may become the reason for their loss of investment. Today, we're going to discuss the most common and lethal real estate investment blunders to avoid in order to protect your investment. Lack of…
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