Lahore Real Estate Forum

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(61783)
Tuesday, May 5, 2015 11:29 PM PST 
Jazakallah CMY

My dear CMY Sahib, thankyou and Jazakallah for you mail with regards to confirmation of my file for Balloting of Phase 9.

Query replied on Tuesday, May 5, 2015 11:55 PM PST 

Dear CMY I also want to thank you for checking my file. May Allah bless you with best health.
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(61782)
Tuesday, May 5, 2015 10:17 PM PST 

Dear Lre can u share at what price 5 marla file phase 9 closed today?
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(61780)
Tuesday, May 5, 2015 09:59 PM PST 
Development charge phase 9

Dear Mr CMY,
As the phase 9 ballot is near I want to ask one question about development charge. As the development charges will be in 3 years installments, how much is the fine if one do not pay the development charge on time. Or is it even possible to delay the installment. Will they cancel the plot in any case if one don't pay the installments at all?
I will be greatful to you of you answer this question as its Importent for me to plan and manage my funds accordingly. Thanks.

imran replied on Tuesday, May 5, 2015 10:51 PM PST 

i also have the same question

CMY replied on Wednesday, May 6, 2015 01:54 AM PST 

For 3 years it will be like 20% of full amount to be paid as devlopment charges. You are charged for only installments you miss.

Jameel replied on Wednesday, May 6, 2015 02:40 AM PST 

Dear CMY they are not Compounding the Fine?
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(61779)
Tuesday, May 5, 2015 09:52 PM PST 
Please evaluate

Ad Type
City
Scheme
Phase
Block
Plot
Size
Cur. Rate
lahore
dha
8
v
278
1k
I want to know current rate of dha phase 8 corner near v278 thanks
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(61778)
Tuesday, May 5, 2015 09:45 PM PST 

Dear CMY / LRE team, appreciate if you could let us know the latest rates. I understand market was very volatile today.
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(61777)
Tuesday, May 5, 2015 09:32 PM PST 
Zakah on agricultural land.

@@@ Zakah on agricultural land @@@

Mu' meneen Brothers and Sisters,

As Salaam Aleikum wa Rahmatullahi wa Barakatuh. (May Allah's Peace, Mercy and Blessings be upon all of you)

One of our brothers/sisters has asked this question:

is there zakat on agricultural land, if yes then how much? also zakat on industrial productions, and on saliried persons?

(There may be some grammatical and spelling errors in the above statement. The forum does not change anything from questions, comments and statements received from our readers for circulation in confidentiality.)

Answer:

Zakah on agricultural land

In the name of Allah, We praise Him, seek His help and ask for His forgiveness. Whoever Allah guides none can misguide, and whoever He allows to fall astray, none can guide them aright. We bear witness that there is none worthy of worship but Allah Alone, and we bear witness that Muhammad (saws) is His slave-servant and the seal of His Messengers.

Your Question: …is there zakat on agricultural land, if yes then how much?

Agricultural land is absolutely exempt from ‘zakah’ in Islam; thus even if one owns agricultural land worth millions of dollars, one is not liable to pay ‘zakah’ annually on that agricultural land itself.

The ‘zakah’ on agricultural land is determined from its produce:

If the land is irrigated naturally through rain the ‘zakah’ would be 10% of the produce of the land.
If the land is irrigated artificially through tube wells, tributaries, etc…the ‘zakah’ would be 5% of the produce of that land.

Your Question: …..also zakat on industrial productions

‘Zakah’ is not determined on the annual industrial production, but rather on the net value of the industrial business itself.

Your Question: …..and on saliried persons?

‘Zakah’ is not determined on the monthly/annual salary of the person, but rather on his net excess assets which he accumulates after paying all his expenses.

Thus if the annual salary of the person is 10,000 and his total annual expenses are 8,000; thus assuming the person has no other assets or savings upon which ‘zakah’ is due, he will be liable to pay ‘zakah’ on his savings of 2,000 at the rate of 2.50%.

Whatever written of Truth and benefit is only due to Allah’s Assistance and Guidance, and whatever of error is of me alone. Allah Alone Knows Best and He is the Only Source of Strength.

Your brother and well wisher in Islam,

Burhan

http://www.islamhelpline.net/node/6949

RBM replied on Tuesday, May 5, 2015 09:59 PM PST 

JA

Azhar replied on Wednesday, May 6, 2015 12:32 PM PST 

What about that plot\file or property which a person has bought with the intention to buy\build a house at new
location with the profit which he gets after selling the said plot\file.Do I have to pay ZAKAT on that plot\file.
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(61774)
Tuesday, May 5, 2015 08:26 PM PST 

Dear CMY,

Me and my friends want to buy some commercial 8 Marla land in DHA 8, kindly help me in getting answers for following questions

1. Can we buy land jointly? so we shall have no legal issues later on

2.How much you expect from DHA 8, 8 marla commercial to rise in 3 to 4 years time

3. How much would be expected average monthly income out of this commercial land , if we compelete plaza by next 4 to 5years time

I think its good idea if it work that instead of single spending on low cost residential area, why not to make joint venture with others and go for commercial area for regular income

Need your advise as it is really matters to me
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