Wednesday, November 6, 2024

Taxes on property related businesses are high

(Source: Pixabay)

FBR in Pakistan is posing some taxes on property business. In the Top City Housing Society, the transfer fees of 5 marla plots is about 2.67 lacs for the buyer and 1.56 lacs for the owner of the property. In this housing society, the rate of the plot is about 70 lacs. FBR is also increasing the DC rate. For instance, if previously, DC rate of a 70 lac rupees plot was 35 lacs, it would increase to about 50 lacs to 55 lacs. In this case, property teams and Islamabad Chamber of Commerce have to arrange meetings with FBR, as many people in FBR may not have this much experience about property. For instance, people with salaries may not be able to understand the property-related business.

Source:

Gondal Group of Marketing Islamabad - FBR New Taxes on Real Estate Sector, FBR Tax 2024-25, Property Sale-Purchase TAX Islamabad Pakistan - https://www.youtube.com/watch?v=WxG_E2fCJmc&t=19s


Monday, November 4, 2024

Some reasons regarding why people experienced losses in real estate

 

(Source: Pixabay)

The real estate business found a novel trend during 2016 to 2017. It started integrating social media. After that time, many clients started looking social media. However, mostly people have experienced losses after this. One of the main reasons for losses is that people have not done investigation on their own and often started investing in Files in societies.

Another point to be considered is that on installment plan, you may not find property in Islamabad. You may have to go outside of Islamabad in new housing societies. Usually, these installment plans are associated with long term investments that may range from 8 years to 10 years, but people may start getting panicked within 3 years that why I am not getting profit. One thing, in case of fraud, you may note that the housing society has not done any progress for the last 2 to 3 years, and still calling clients to get plots. The housing societies that are constantly doing something on ground for clients can be considered authentic and can be asked for payments on installments.

Source:

Gondal Group of Marketing Islamabad - The Main Reason for Losses in Property Investment | How to Prevent Property Losses And Frauds - https://www.youtube.com/watch?v=4h6bln9ewwA


Sunday, November 3, 2024

Briefly about Taj Residencia, Islamabad

 

(Source: https://tajresidencia.com/)

Taj Residencia in Islamabad is the project of Sardar Group, who also have the ownership of Centaurus Mall in Islamabad. This society has also announced the building of second Centaurus Mall. In this area, villas have already been launched, the prices of which start from 1.65 crores for 5 marla villas. In this area, cash plots are also available. On installments, 5 marla may start from 35 lacs, but mostly cash plots are available.

Source:

Octa Plus Marketing  - Taj Residencia Islamabad Latest Site Visit |Possession Plots , House & Villas | Development Updates  - https://www.youtube.com/watch?v=W9K79xlUu-Q


Friday, November 1, 2024

Prices of 5 marla plots in some of the societies near Islamabad, Pakistan

 


In the case of real estate, it has to be noted that it is going well at this time. During the year 2024, prices have already started moving towards betterment, as the country’s condition is improving. Nevertheless, considering the investment for short-term, it can be considered that you may invest in any housing society available to you. In the case of long-term investment, in which you may need to invest through installments, you may have to go outside of city.

Near Airport (in Islamabad), there can be different areas (societies) in which 5 marla plots can be purchased (considering long term investment). Blue World City is considered as the last society from Rawalpindi and Islamabad. In this area, 5 marla plots are available in the price range of 15 lacs to 18 lacs. In the Overseas block, 7 marla plots are available in the price range of 18 lacs to 20 lacs. After this Capital Smart city comes, in which Overseas East lies, where the prices of 5 marla plots may range from 28 lacs to 32 lacs. In the Faisal Town Phase 2, developed by Chaudhary Abdul Majeed sb, 5 marla plots are available in the price range of 22 lacs to 26 lacs. It has already completed balloting. In the Silver City Housing Society, 5 marla plots are available in the price range of 18 lacs to 25 lacs. Silver City is one of the most recommended areas to purchase plots. In the I-16 sector, 5 marla plots are available in the price range of 25 to 30 lacs.

Otherwise, Airport Green Garden, 5 marla plots are available in the price range of 50 lacs to 70 lacs. In the Top City, 5 marla plots are available in the price range of 70 lacs to 85 lacs. In the Faisal Town Phase 1, 5 marla plots are available in the price range of 80 lacs to 90 lacs.

Source:

Gondal Group of Marketing Islamabad - Top 10 Housing Projects Near Islamabad Airport, Price Comparison, LowCost Plot For Sale in Islamabad - https://www.youtube.com/watch?v=3J_5p4aw1e4


Thursday, October 31, 2024

What to do or check while purchasing a plot?

(Source: Pixabay)

It seems good, if you would purchase a shop in a mall or somewhere, rather than purchasing a plot, as it would start giving you rent immediately. Or a house to give you rent or a land, which is on “theka.”

Nevertheless, one of the buying strategies to purchase plots is to purchase several smaller plots rather than purchasing a large land. In this way, your investment will be diversified and risk would be reduced.

It is also important to consult at least three people, three experts.

Do not rush, take your time. For instance, if you would be in hurry, you may purchase a dipped land or a hill, and these are useless in terms of building houses.

Think and work on location. For instance, people may look for the future developments regarding the location, and may purchase a plot. For instance, in Jinnah avenue, Islamabad, one kanal can be sold at about 100 crores.

Reverse commission can be used in terms of purchasing plots. For instance, you may go to the commission agent, and say that I want to purchase a plot at lower prices, and the lower the price of the plot, the more commission I will give to you.

It is also important to check the maintenance charges of the plot. In some cases, maintenance charges can be more than the price. In this case, you may give some amount of your rent (from houses or shops) in maintenance charges.

It is also important to check whether gas, water, and electricity are available.

Also check that the plot is not land locked, which is related to the point that the land is locked and streets or ways in the surrounding are locking the land to reach inside. If there is road with the plot, its resale value increases.

Do research, before purchasing a plot. In this case, you may go to zameen.com or olx, or offices of property agents. You may also ask neighbours. Eventually, do not go with rumours.

Source:

How To Buy A Plot | 10 Tips to buy Property in Pakistan - Azad Chaiwala - https://www.youtube.com/watch?v=Jdg9u0H47lA


Tuesday, October 29, 2024

A reason behind the decline in prices of plots

(Source: Pixabay.com)

In the real estate market, prices are down for the past several months. In this case, government policies obviously have some effect, the lack of commitment of most of the people involved in new housing projects is also an important factor behind the decline in prices. For instance, developers may say that this is our land; this is the time in which we would complete our work, etc. but they are not fulfilling their commitment. In this case, it seems imperative talk about them. In most of the cases, our marketing companies, for their own profits, don’t talk about them. It would also be important to note that most of the developers talk their money, which they have gotten from clients, in some other projects that result in the decline in the progress of the clients’ work.

Source:

MASS Global Marketing-MGM - Real Estate Fraud Alert | Real Estate Business in Pakistan #Pakistan #RealEstateBusiness - https://www.youtube.com/watch?v=PXlPktPNcjs


Sunday, October 27, 2024

Prices in Block E, Phase 8, Bahria Town, Rawalpindi/Islamabad, Pakistan

 

(Source: https://bahriatown.com/)

Bahria Town, Phase 8, has Block E containing different parts, including E1, E2, and E3. E block has mostly the sizes of plots in the range of 10 marlas, though some plots are also available in the size of 1 kanal. The middle ring road side of this area is not only heighted but also has higher prices, such as in the range of 1.25 crores, while the other side from middle ring road has plots in the size range of 90 lacs. During the last 1.5 to 2 years, prices have gone down about 20 lac rupees. Nevertheless, all E1, E2, and E3 areas are possessionable. In the E1, the prices are in the range of 90 lacs to 1 crore. E1 is also a heighted area. In E1, some plots of 6 marlas are also available, the prices of which are in the range of 75 lacs. E2 and E3 have 5 marla plots. In E3, 5 marla plots are available in the price range of 60 lacs.

Source:

Bahria Town Rawalpindi Phase 8 E Block | Price Latest Updates | Advice Associates - Advice Associates - https://www.youtube.com/watch?v=y7f0xpBmp6c