Finally NO AMNESTY for real estate sector Since the last few weeks, there was much hype of amnesty scheme for Pakistan reality sector. Everyone had own views about the coming amnesty scheme. According to realtors and sellers, amnesty scheme will increase the real estate market activities and price will rise with more profit. According to…
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GWADAR is the apple of investors’ eyes Gwadar city Gwadar is a port city that is located on the shores of Arabian Sea, in the southern coast of province Balochistan, Pakistan. Gwadar is neighboring Iran, Oman, Muscat and Persian Gulf. Gwadar is famous for its natural deep water port with great potential to be used…
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Amnesty scheme is good for genuine buyers Amnesty scheme for Pakistan real estate sector The Federal Ministry of Revenue is preparing the draft to offer amnesty scheme for the real estate sector. In few days, Finance Minister will announce the final draft after approving it. This amnesty scheme will be offered to normalize the real…
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Prices of expensive properties are falling faster Pakistan real estate sector is passing through slump phase, which is getting worst with the passage of time. Present slump in reality sector of Pakistan started with the property tax bill 2016. Taxes were increased in the tax bill 2016 and new property valuation tables were introduced by…
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Current situation of Pakistan property market Pakistan real estate market in Q3 Pakistan real estate market is in decline as property transactions are record low. Property prices are falling in almost all major cities and areas. The third quarter, Q3 is almost over and now we can see the real effects of property tax amendments….
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Lahore Ring Road and its after shocks Lahore Ring Road is the best & landmark project in the history of Lahore that has eased traffic problems and is connecting different regions to the provincial capital. Lahore Ring Road has enormous benefits even observed by the cities surrounding Lahore, but we should not stop just with…
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Punjab Safe City Project Punjab Safe City Project was recently inaugurated by Chief Minister of Punjab, Mian Muhammad Shehbaz Sharif. The aim of this project is to develop Punjab as a crime free area. In the first stage, surveillance cameras have been installed in Lahore. Dedicated staff is monitoring these cameras and will take quick…
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Why property prices are crashing in Pakistan? Property business has almost stopped in Pakistan, as property transactions are about 90% down of pre-budget level. Many realtors have told Ghar47.com that there are no buyers and investors in the market but just the desperate sellers. Sellers are unable to find the buyers even after reducing the…
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Greater Iqbal Park Lahore Minto Park was the British Raj period park in Lahore, located adjacent to Lahore Fort and Badshahi Mosque. All India Muslim League gathered in Minto Park on 23rd of March 1940 and passed the famous ‘Pakistan Resolution’ which is called the basis of the creation of Pakistan. After the Independence of…
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TAXES TO BE PAID BY PROPERTY BUYER AND SELLER 2019-20: All property taxes are as per finance bill 2019-20. Taxes to be Paid by the Real Estate Property Buyer; Stamp Duty = 5% as per DC Rate Withholding Tax = 1% as per FBR Rate Taxes to be paid by the Real Estate Property Seller;…
Read MoreOwning a home is a keystone of wealth… both financial affluence and emotional security.
