Lahore Real Estate Forum

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(60662)
Thursday, December 4, 2014 09:54 AM PST 
2015 turning out year for Pakistan real estate?

2015 turning out year for Pakistan real estate?

Genuine buying and selling is being seen in the property market of Lahore right now. The reduced real estate activity, which was caused by a lack of understanding of the recently increased property taxes, has pretty much resumed. The slump seen in the real estate market during July and August 2014 was primarily because of the 8% taxes implemented by the Government in the form of Gains Tax, CVT, and increased Stamp Duty and DC rate. These taxes discouraged short-term investors, who right now find it less appealing to pay 8% additional tax to get small gains.

On the other hand, long-term investors and home-buyers have no option but to invest in the property sector since investment in stocks and commodities is no longer a wise proposition. The idle short-term investors have affected activity in both DHA and Bahria Town Lahore, as well as in other housing societies located in the southern parts of Lahore. Because of stalled work on the southern loop of the Lahore Ring Road and uncertainty about its route, investors have been confused even further. As soon as the final plans for the Lahore Ring Road are released, investment in the neighbouring housing societies will increase.

In 2015, we might get some news about the launch of DHA Phase X, as the authority has once again started the acquisition of land for this phase. However, any investment here would be long-term as it might take about a decade to be developed. DHA Lahore Phase IX, on the other hand, will see some major development in 2015 in the form of balloting, giving a major push to property rates there.

The development of Lahore Rind Road in 2015, or at least the availability of its proposed plan, will cause property rates to go up in housing societies such as Sui Gas Phase II, Bahria Town and NFC II. No major residential project in Lahore is waiting for launch in 2015, but the real estate activities in other cities of Punjab such as Sialkot, Jhelum and Gujranwala will pace up in the coming year. I also expect increased activity in Bahria Town Karachi.

ahmed replied on Thursday, December 4, 2014 12:52 PM PST 

thank you for the insight. i wish and hope that you would also give a detailed analysis of phase ix town. though the perspective may be too small for myour level, but would be a source of information for us.
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(60661)
Thursday, December 4, 2014 09:49 AM PST 
No man’s land: Lahore’s fluctuating real estate market

It has been more than six months since the real estate market of Lahore is waiting for some gentle push at least for those whose livelihood depends on day-to-day transactions of land.

But the state of affairs in the market is a bit puzzling these days as in some cases land prices are going down while in many areas they are going up. Still there are other areas where prices are stagnant. Such variations are recorded in popular localities where most of the property changes hands, causing frustration among many real estate agents and investors.We can attribute the slowdown to political and other factors, but the real blow comes from the levy of new taxes, which makes a simple land transaction more difficult and costly

In the budget for fiscal year 2014-15, the government imposed many taxes on real estate deals. Apart from this, the rate of land set by the deputy commissioner has also been increased up to 85%, pushing the tax ratio up by 100%.Depending on the value determined by the deputy commissioner, property transaction charges have risen sharply. In some cases, they have gone up 200% to 500%.This is not helping the government in generating extra revenues as the number of property deals has fallen markedly . This is the primary reason why the market is in turmoil.Earlier in 2013, the real estate market was rising above expectations, prompting many analysts to warn of a correction in prices of prime housing schemes.

According to property websites that monitors price movements, in the third quarter of 2014, a one-kanal plot in Lahore Cantonment, one of the most popular localities, lost 4.32% of its value.In the Defence Housing Authority, average one-kanal plot value increased only 2.74% and Bahria Town saw a rise of 2.65% in plot values after a drop of 3.08% in the second quarter.
The growth and decline in land prices should be attributed to the real buyers, who are now in majority .Housing needs were growing and the society which provided best infrastructure facilities was welcomed. However, many investors were still confused and were holding on to their funds waiting for the picture to get clear

There are some other factors that contribute to the sluggish property market.We should look where the money is going, investors need hefty profits, no matter whether they come from real estate, stock exchange or the overseas markets.A part of the capital is flowing to the real estate sector in Dubai, which is showing signs of improvement and indicating higher profits. Many other investors are injecting money into stocks as they are hitting fresh highs.Though many real estate agents were in trouble, this phase was helping them to expand their expertise by using latest marketing techniques and diverting attention to other residential societies.
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(60659)
Thursday, December 4, 2014 04:13 AM PST 
DHA9 Vs DHA Rehbar

Dear group members and LRE.

I have 25lacs hard earned money and looking for a good investment for 1-2 years.

Should i go for DHA Rahber 5M or DHA9 file and why. Please advice sincerely.

Jazzak Allah

Maz replied on Thursday, December 4, 2014 09:18 AM PST 

Same question from me?

Maz replied on Thursday, December 4, 2014 09:20 AM PST 

What is the future of DHA RAHBAR PHASE 2?? I can see
files are going for 15.90 for 5M. Please help !!
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(60658)
Wednesday, December 3, 2014 09:57 PM PST 

Respected LRE
Plz evaluate
Phase7/S/855

Many thanks

Lahore Real Estate replied on Friday, December 5, 2014 12:30 AM PST 

AoA
Dear Sir Your plot worth
DHA Lahore Phase 7 S 855@105 lac to 107 lac
Hassan Raza Lahore Real Estate
info@lrepk.com
03028449766
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(60657)
Wednesday, December 3, 2014 09:34 PM PST 
advise

If i want to invest in 4marlas commercial plot in DHA. I have 140lacs. Can you pls suggest which pahse will be best for me.Adnan

Adnanhz replied on Wednesday, December 3, 2014 09:36 PM PST 

DHA lahore
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(60656)
Wednesday, December 3, 2014 02:34 PM PST 
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(60655)
Wednesday, December 3, 2014 02:28 PM PST 
Plot Price assesment

Ad Type
City
Scheme
Phase
Block
Plot
Size
For Sale
Lahore
DHA
7
Q
255
21M
Hi, Please advise the value of plot # Q 255 (corner) in DHA phase 7 approx 21 marla. Thanks

Lahore Real Estate replied on Wednesday, December 3, 2014 02:57 PM PST 

Dear Sir,
your plot is valued around 115 lacs

Hassan Raza
lahore real estate
03028449766
email:info@lrepk.com
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(60654)
Wednesday, December 3, 2014 01:37 PM PST 
Please Evaluate the Plot Price DHA 6/L/847

Ad Type
City
Scheme
Phase
Block
Plot
Size
Cur. Rate
LHR
DHA
6
L
847
20
Aslam o elaqum,

Please EvaluatePrice DHA 6/L/847

Lahore Real Estate replied on Wednesday, December 3, 2014 02:20 PM PST 

Dear Sir,
your plot is valued around 150 lacs

Hassan Raza
lahore real estate
03028449766
email:info@lrepk.com
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(60653)
Wednesday, December 3, 2014 02:49 AM PST 
Marghzar property rise

Ad Type
City
Scheme
For Sale
lahore
marghzar colony
i wanted to know how much the construction of 6 lane road in kareem market and an underpass will effect the prices of plots and homes in marghzar colony ?

------- replied on Thursday, December 4, 2014 12:36 PM PST 

is this 6-lanes road going up to margzar colony?
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