Market Pulse: Very likely tax relief for Properties in Pakistan next budget
Very likely that property taxes and capital taxes to be reduces in next budget. CBR values to stay same but rate of property taxes highly likely to be reduced. Punjab Govt collections fell 10 times from expectations so CM Punjab want Dar sahib to cut rate of federal taxes on property to increase Punjab Govt revenues with increased transections.
Property purchases must be done asap to reduce risk of paying higher prices from July 1st as transections to increase many folds after reduced property transfer costs. Sellers should sell after July 1st to enjoy perhaps lower costs/taxes on selling properties.
Please note DHA transaction per day are already over 100 each day. After Eid market will be a lot stronger any way. It always is. People sell before Eid but buyers mostly wait till after Eid to buy in peace. They wanna have less things to do before Eid during Eid holidays.
Also a major factor MUST not be ignored . Lahore Ring Road newly constructed part will unofficially open for traffic in last week of July 2017 and officially PM sahib feetaa August 14th 2017 ko kateien gey .
Even though all Lahore market will reap fruits of larger Lahore Ring Road and east access to DHA and Air port etc These schemes closest to Lahore Ring Road will benefit most in days weeks and months ahead due to Lahore Ring Road completion. No chance of lahore property market fall even if PM falls . In Sha Allah
Prism Lahore DHA Lahore phase 9 ( Prefer commercial and one kanal over 5 marla now)
State Life Lahore
DHA town due to getting new access roads in weeks ahead from DHA 5 via underpass from DHA 6 via D block and Lahore ring road via Prime many newly constructed boulevards.
LDA City because have almost three LRR interchanges. Town on each end like Ferozpur road one Halloki and one in middle of LDA city.( prefer Exemption Letters Other Than Kanal Where information is only choice . No sellers in one kanal at all of exemption letters due to fewer files)
DHA Rahbar ( Prefer Commercial )
Lake City Lahore ( Cash on ground plots and installments residential or commercial plots have seen its worst & lowest prices. In Sha now some gains ahead. Thanks for your wait and patience)
Fazaia Lahore Phase 1 only
Suii Gas phase 2 only
Bahria Town canal or Orchard (Preferably on ground plots. orchard phase 4 still under price and will gain in Sha Allah)
With rising very strong market starting max from last week of Ramadan I do expect these projects gaining strong in months ahead.
DHA 6 ( Low priced blocks like N etc)
DHA 7 ( P R W T U Y to see very good gains ahead )
DHA 8 ( S block and X blocks will see strong growth )
Ivy Green all blocks a very very good buy. Dont sell. Easy money in next 2 year hold . In Sha Allah
DHA Bahwalapur due to low price very rapid pace development and possible partial block wise ballot this year.
If number of plots in installments is under 7000 in total a sharp rise in instalments own for next one year and land files must rise above in next 6 months.DHA Multan either land files will have to rise above 55 lacs or installments files will have to come down from 68 after 6 months after seeing very big owns after installments applicants ballot. DHA Multan If plots in installments are offered in numbers over 7000 than all will depend on total number of plots actually offered. If too many installments plots offered initially still strong own in installments plots files but a fall in installments files prices could trigger after 3 to 6 months and even land file could suffer a fall from even current 50 lacs price. We need to wait till ballot to see what could happen next. All installments plots applications to be verified by May 15th 2017 and ballot of installments winners in 45 days or less in sha Allah.
DHA Gujranwala will not likely to fall after Eid but rising slowly and steadily in near future and especially 10 marla not likely to fall at all from current price in 29.5 lacs ( Max down 1 lacs in worst case till Eid )
BTK good gains ahead. Bahria Paradise a vey good buy due to superb location and 4 years easy installments and very rapid on ground development all over BTK. if holding any BTK property no need to sell now.
Gwadar Market is in free fall due to profit taking after seeing huge gains recently especially in Govt schemes. As markets in Lahore Islamabad and Karachi are getting stronger and stronger day by day people are now taking money out from Gwadar Govt schemes once again to lock hefty gains and most gains in Gwadar Govt schemes were fake hype created by few dealers that moved from dead market in Lahore Karachi to Gwadar to survive. Now they are closing Gwadar offices to move back to Lahore Karachi etc. Many notable agents moved back to lahore this month alone. Almost ZERO development was witnessed by Govt and private schemes in Gwadar in past year and Gwadar could gain only so much without actual on ground developments by Govt or developers and private developers. Funcy TV ads and GDA newspaper warning ads cant make people comfortable only for so long. On ground progress must be shown too. Govt policy of transfers ban new NOC ban construction ban and bomb blast and big illegal vehicles crack down after blast with irresponsible speech in Gwadar by PM NS that local Balochi people were robed for peanuts against their land have created panic & very uncertain situation. Even though no one publicly admits many dealers from Karachi and Lahore are complaining privately they getting singled out due non locals status. Gwadar is getting investment from all Pakistan and all Pakistani people love our Baloch brothers and sisters. Unity among all of us and open market is only way forward in Gwadar real estate market.
Gwadar is still a very good investment but for long term only but until these bans are in place and new master plan is released and due to clearly wining Lahore Islamabad and Karachi real estate market major dealers will not deal actively for a while in a lot riskier Gwadar real estate market. So new investment in short term even in Gwadar Govt schemes is not suggested by LRE. Wait till new master plane is out and computerised transfers and land records available in Gwadar.
Green Palms Gwadar is long term investment and is going to be a jewel but you will understand it only after new master plan will all details in released. With very low budget and minimal installments its still a good buy but still keeping in mind its a min 5 years investment. Like alway said before If cant hold 5 years dont buy. Its NOT for short term gambling or trading.
After many months search function time line is once again increased from 30 days to 13 years on our highly popular http://www.lahorerealestate.com/ads page to make it easy to search this property encyclopedia . Search time was reduced after massive hacker attacks Gulf countries & Russian IPs. I have unbanned a lots of IP ranges to makes it easy for friends to post on this very popular webpage.
Choudry Mujahid Yasin ( CMY )
+923224929992 & +16308024186 WhatsApp and SMS texts prefered