Lahore Real Estate Forum

Monday, January 20, 2025 04:00 PM
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(61923)
Friday, May 8, 2015 05:50 AM PST 
Hope all is well!

Dear Mujahid.
Just learned that you had a Doctor's appointment today. Hope all is well. Take good care of yourself. You are still young. Few tips...

- Eat at least 4 servings of Vegetable/Fruits per day.
- Eat at least 2 servings milk, soy beverage per day.
- Drink at least 8 glass of water daily.
- Be "Active" - Go for walk, light exercise per your Doctor's recommendation. Don't loose flexibility.
- Maintain Healthy weight.
- More fiber in the food - wholegrain products.
- Consume less sugar/caffeine.
- Do not miss your medicine (if prescribed).

Stay Healthy and...
Stay Blessed - Ameen!

Regards.
Abu-Bakar.

CMY replied on Friday, May 8, 2015 01:06 PM PST 

Thanks brother
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(61921)
Friday, May 8, 2015 02:53 AM PST 
DHA Multan property tax (2%)

AoA
Can some one clarify the impact of property tax when buying files. I am refering to 2% tax imposed by govt in last budget
- Who needs to pay it. Buyer or seller?
- When is it required to be paid?
- The price quoted on dha website includes this tax or not? E.g the current price for DHA multan file is 30.30

CMY replied on Friday, May 8, 2015 04:16 AM PST 

There is no CVT. There are no NTN involved in
DHA Multan.

People who are afraid of tax authorities mostly buy affidavit files because all their purchases are hidden from tax authorities until they sell their files after its converted to allocation file. Even than tax authorities cant come after sellers because affidavit file was transferred against land. Old land transactions were never reported to tax authorities via DHA or CVT filing etc


This is the main reason most large investors especially from Karachi only buy affidavit files for commercial plots that are purchased with huge unreported amounts and also residential plots in DHA Lahore Gujranwala and Multan. Affidavit is used as shield to keep tax collection people away from you. Less data goes to TAX Dept via CVT bmore safer these people feel. DHA never shares its own data of current owners with tax departments unless there is a court order some owner or there is a NAB case owner etc.

In all cases of allocation files buyer must pay CVT in Lahore etc.

I know an am now going to chewed by few friends here for sharing this hidden secret about this tax related this info :) So answering in advance. Molvi sahbaan I am not suggesting any one to hide their money in affidavit or buy only affidavits. I just have to explain tax implications of allocation and affidavit files purchases. Its readers choice what they wanna do. After affidavit purchase and its sale time both buyer seller info goes to Tax dept when buyer files his CVT and both are tax net because CVT form has both buyer and seller complete data of it.

Tax dept dont go after 99% buyers source of income for purchases due to in efficiency in that department but less than 1% buyers only are some times asked to prove where buyers got that amount to fund the purchase.

Choudry Mujahid Yasin ( CMY )
Info@LREPK.com
Post via cell phone so many spell erros

Jameel replied on Friday, May 8, 2015 04:36 AM PST 

Dear CMY,
You mean when we pay 2% advance Tax on any purchase more than 3 Million Value we get any Notice from income tax authorities to file tax or Show source of income, Any one in the Forum Got any of such Notices?[I Hope Not]
There are only few experiences, when people got notice of Tax Dept when they did not pay that 2% advance tax at the time of transfer.
No matter how good is Affidavit file it does not suit overseas person like me, i am always in rush and finish with in days. You see so many friends worried as they could not get even Letters.

CMY replied on Friday, May 8, 2015 05:06 AM PST 

Jameel bhai I have added a note at bottom that even though buyers and sellers data is filled in CVT form for allocation
files transfers In 99% cases a buyers is never asked by Tax authorities about source of income ar amount source to fund the transfer.

Have seen few people get notices even when they had NICOP and worked lived out side Pakistan and even had mailing addresses other than Pakistan.

Never saw any sellers get a notice after sale of their allocation letter or any property.


Always advocated when possible buy allocation before affidavit because allocation files transfers are always better documented safer quicker for new buyers.

A buyer must be fully knowledgeable or his dealer must be very familiar with affidavit file transfer or you just dont try to save 10000 to 20000 because risk of getting into trouble is NOT WORTH.


Choudry Mujahid Yasin ( CMY )
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(61920)
Friday, May 8, 2015 02:27 AM PST 
information about the future of khayaban e amin

Ad Type
City
Scheme
Block
For Sale
lahore
khayaban e amin
A-1
A.o.A
My dear I just want to know that what is the future of khayaban e amin.I be one plot there in A-1 block.someone says it'd good bcoz a ringroad will construct in this society then prices will go high n someone says that its not gud bcoz its near drain.kindly guide me about to make any decision about this plot.

Rahza replied on Friday, May 8, 2015 02:35 AM PST 

location of A 1 block not good....try to move into M block if want to go on installments...

MoRam replied on Friday, May 8, 2015 11:32 AM PST 

Dear Jameel sb, in old maps, LRR appears to be going thru Fazaia but was not very clear. Is there a better visibility now? Is it still going thru LRR? Can govt take over some plots in some blocks?

Jameel replied on Friday, May 8, 2015 10:18 PM PST 

On The Naher which is making Boundary of Lake and Fazaia, Les Likely to Take Plots as there good Room

replied on Thursday, August 18, 2016 07:25 PM PST 

i want to buy in A-1 if you have then
contact me

replied on Thursday, August 18, 2016 07:25 PM PST 

i want to buy in A-1 if you have then
contact me

replied on Thursday, August 18, 2016 07:25 PM PST 

i want to buy in A-1 if you have then
contact me
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(61919)
Friday, May 8, 2015 02:03 AM PST 

hi
Can any body tell what type of building is being built near golf course? any club?
thanks

Imran replied on Friday, May 8, 2015 11:34 PM PST 

@price, if you are talking about phase 6 golf, then it's the club being built there.
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(61918)
Friday, May 8, 2015 01:46 AM PST 
Market closing rates DHA9 Proper

Just woke and i have a doctor appointment. I am not ignoring quetions & will answer all of them in about 3 to 4 hours.

Market closing rates were

5-Marla= 24.25 (Likely one more day of pain. Will start rising on Saturday. Best time to sell after Monday)
10-Marla=41.50 (Likely one more day of pain. Will start rising on Saturday )
1-Kanal=61 Lacs (I said this had lot of NDC but still week so may hard time to get back to 63 before ballot )

4-Marla Commercial=215 Lacs
8-Marla Commercial=345 Lacs



Long Live MY Pakistan


Choudry Mujahid Yasin ( CMY )

Fahad Khan replied on Friday, May 8, 2015 02:01 AM PST 

Dear CMY, Wish good health.
i just purchased a plot in DHA Phase9 town on dealer advise. do you think its a right move.
I ll be grateful for your advise.
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(61917)
Friday, May 8, 2015 01:30 AM PST 
Advice

Dear CMY,

Hope you are fine. I don't understand property dynamics but occasionally I do read your comments. You are always logical and foresighted. That is what we human's can do and should do. Wish you a good health and urge you to leave matter of longitivtiy of life to the Creator.

I have a cash of Rs 6 million (with possibly of addition of two more millions) in hand and a plot in P block DHA phase 7 Lahore ( Non possession) Which has a price of about 9-9.5 million. I was thinking to buy a 10 marla or One kanal plot in DHA 2 Islamabad and forget about phase 7 plot for next two years. I need residence in Lahore or Islamabad after two years and this creates options for me at both places in addition to as per my understanding a reasonable investment option. .

Question: Is this right line of thinking or should I avail some better investment options which can give me higher return in roughly two years time?

Would appreciate your views if time or health permit you.

Take care. All the best wishes.

Kaleem

Transcription replied on Friday, May 8, 2015 01:48 AM PST 

One kanal plot in DHA phase 2 Islamabad K L M N sectors is 80 to 85 for fabulous
location ( back open, height location or 2 side cornerwith river view) and 60 to 65 for ordinary location. In sectors A to J across the road the same ordinary location is One crore plus and good location 1.25 plus.
K L M N sectors are better placed with gate opening on Islamabad expressway. 6 laner Islamabad expressway from GT road to airport chowk has already been approved. CDA will take 3 to 5 years to work on it due to dearth of funds.
I strongly suggest that u buy in DHA Islamabad K L M N of phase 2 as the potential for rise is high as people build houses there.It will be a genuine rise and not a mere bubble.
My humble opinion. Only Allah SW knows the best.

Jameel replied on Friday, May 8, 2015 02:20 AM PST 

Dear Transcription,
Thank you for sharing with us, can you tell us some reliable dealer with good turn over in DHA Islamabad Phase 2, As LRE is Not dealing there directly I Hope they will not mind.

Munir replied on Friday, May 8, 2015 04:59 AM PST 

I know a real estate agent as I bought a plot in DHA from this. He is also my friend and his name is Jami.
Dear Jameel,
You can call him without any worry.
Evergreen Associates
Located Closer to the DHI/Bharia Town Pindi
For DHI,BT etc.
Please
contact
JAMI



Kaleem replied on Friday, May 8, 2015 07:45 AM PST 

Dear Friends,

Thanks for sharing thoughts. While I would request views from CMY also, pl share your views about Phase 7 P block
DHA Lahore (non- possession plot- no idea when possession would be given and why delay) and the main question : should I follow line of thinking in my original question or there is a better option in two years (max 3) time span.

Have a nice day/night.
>
(61916)
Friday, May 8, 2015 01:06 AM PST 
URGENT ADVICE NEEDED FOR PHASE 9

Dear CMY,
I have two 1 kanal files in DHA 9. Dealers are saying after ballot files will pour into the market and rates will come down sharply so sell your files write now. What shud I do?

zaeem Ishtaiq replied on Friday, May 8, 2015 01:20 AM PST 

Hold one file and sell the other.To be on safe side.Play safe game man.

mahmad replied on Friday, May 8, 2015 01:38 AM PST 

They will be plots then ...

mahmad replied on Friday, May 8, 2015 01:39 AM PST 

Also you will loose a chance to get a very good
location plot . You may be lucky this time...This is just like selling a prize bond just before ballotting. There i chance that you will not win but there is no chance that you will loose...

Ahmad replied on Friday, May 8, 2015 03:39 AM PST 

no risk no gain. hold till ballot. after ballot keep good
location plot and sell bad location.

abdul aziz replied on Friday, May 8, 2015 04:19 AM PST 

Ok guys thanx 4 ur advices

Jameel replied on Friday, May 8, 2015 04:41 AM PST 

If You margin trader and have to Pay back to someone [not capital of your Own] Then better sell it now,
if You can Hold then what is issue even if it comes low it will not get Stuck, after all it will improve when desperate sellers will get absorbed in Market, You will not be stuck for years. In 12 months or so Price will be better.

CMY replied on Friday, May 8, 2015 05:25 AM PST 

abdul aziz your three separate posts are indicating what is your goal.
If you intentionally posted three time you are trying to scare people.

If its done in panic or mistake your question should stay. I am not going to delete you post because I dont know what is case. Friends have posted answers too so they be upset If I remove your duplicate posts.

abdul aziz replied on Friday, May 8, 2015 05:27 AM PST 

Sorry CMY sb for the inconvenience. I just needed your advice. Love u and may ALLAH bless u wd gud health

abdul aziz replied on Friday, May 8, 2015 05:37 AM PST 

Dear cmy sb,
Can u give your final word as to what I should do? Waiting for ur expert advice

CMY replied on Friday, May 8, 2015 05:37 AM PST 

I have said at 27 lacs price If on dont want to hold
files till after the ballot for at least 6 to 12 months time please sell it asap. Those who missed the sale in 26.75 to 27.5 lacs range were suggest by me two days ago to sell now best time will be Mon Tue next week before ballot. Even if transfer is done after ballot both buyer seller could lock deals with good amount baina and add that to sellers file in DHA by paying a small fee to DHA to protect their purchase. Sellers must get good size of amount to lock the deal buyer must add baina to file in DHA. This only apply if transfer cant be done before ballot.



Now its down to 24 lacs. I have said in last two days If any buyer WISH to hold it at least for next 6 to 12 months or more time after ballot he could still buy it before Saturday close and get it transfer in their name.


Choudry Mujahid Yasin ( CMY )
Info@LREPK.Com

abdul aziz replied on Friday, May 8, 2015 05:56 AM PST 

Dear CMY,
I was asking about 1 Kanal
files one bought at 50 and the other at 54 lac.

CMY replied on Friday, May 8, 2015 11:48 AM PST 

Ok to hold

abdul aziz replied on Friday, May 8, 2015 06:58 PM PST 

Thanx alot for ur advice CMY sb
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(61915)
Friday, May 8, 2015 01:02 AM PST 

dear CMY
Shud I sell my 1 kanal files bcz dealers are saying that after ballot all The plots will pour in to the market for selling and prices will fall down sharply.I'm in a fix write nw plz advice me on this matter.
. thank you

phase nine replied on Friday, May 8, 2015 01:11 AM PST 

Dealers want their commission out of your
files. Apni boti k lia dosray ka bakra halal kar detay hain. LRE advice is best

phase nine replied on Friday, May 8, 2015 01:16 AM PST 

Simple advice if someone can hold his plot/plots for 3 years and above after ballot will never lose anything for sure
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(61914)
Friday, May 8, 2015 12:53 AM PST 

2013 Elections are going to be declared null and void. Interim GOVT will be in place for 1 Year and get primary task to deploy free and fair election system in Pakistan. Establishment would take care of security and law and enforcements issues. MR projects in Karachi will be stopped and he will be in trouble first time in his life.

Dear CMY please evaluate real estate market based on new political setup. Especially Phase 9. As I believe that it needs to be reevaluate. In my opinion prospects are very high but want you to voice on it.

please explain replied on Friday, May 8, 2015 12:57 AM PST 

Prospects are high for what?

Ovc'z Friend replied on Friday, May 8, 2015 01:10 AM PST 

Dear Mr ABC
Very dirty and indeed very childish tact you trying with property gurus here. Disappointing and disgusting that you prefer to have opinion of experts on your baseless, speculative and just wishy analysis.
You shall feel ashamed as you have shown mere personal greeds rather than wishing good for Pakistan,its stability and progress we slowly watching around.

wailey log replied on Friday, May 8, 2015 01:36 AM PST 

Agree wd ovc'zfriend
but credit should go to ABC...andhey ko andhery mai door ki soojhi

ark replied on Friday, May 8, 2015 03:36 AM PST 

dear sir,
I wud love to meet u in person and know some highly valuable information and may be u can tell me something abt my future aswell. thnx . cheers

omer lodhi replied on Friday, May 8, 2015 04:55 AM PST 

thats the most fictious post i see in a long time and the most hilarious replies from mr ovc friend ,wailey log and mr ark....a perfecct slap on most beautiful face...both thumbs up

ABC replied on Friday, May 8, 2015 01:51 PM PST 

I am levaing my question open as property greed has closed eyes every one. Time will answer it. I canot use words like ovc. We shouldn't insult eachother during discussion. A last thing I would advise you all read book Intelligent Investor, Vol 2.
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