Overseas Pakistani may need to invest in Pakistan

(Source: Pixabay)

It is usually said by Pakistani people living abroad that they are not investing in Pakistan, as its situation is not stable. However, it has to be considered that only about 10% people living abroad can afford property in those countries. Many people have not much money to purchase property abroad. Therefore, it needs for them to purchase some property in Pakistan. Usually, people living abroad can purchase plots, flats, or shops in about 200 or 300 pounds saving per month. In the sale and purchase of property, people have to consider that it has certain cycles of ups and downs of payments. For instance, in almost every politician’s time, property have gone up and then down. In Dubai, where there is no obvious politics, prices of plots go up and down. Nevertheless, overseas Pakistanis can purchase property in lower monthly payments as compared to the past.

Source:

Property Naama - Overseas Pakistan Can’t Afford To Buy Property In Abroad? Why To Invest In Pakistan? Reason 2024 - https://www.youtube.com/watch?v=l9z6EXHmLf4

Factors in the decline of prices in DHA Phase 5, Rawalpindi/Islamabad

(Source: https://www.dhai-r.com.pk/phase-detail/phase-v)

DHA Expressway is present in DHA Phase 5. This phase already has several important buildings, including Novacare healthcare, Caltex petrol pump, McDonald’s, and DHA’s main building. Considering this development, many private agencies have also started their developments in this area. Earlier this year, an 8 marla plot was available only at about 10 crores, and even 4 marla plots have the price in the range above 4 crores. Now, the prices for 8 marla plots have gone down to about 9 crores to 9.5 crores, and 4 marla plots are now at about 3.65 crores.

Considering the reasons behind the decline in prices, even with the presence of all different types of positive factors, it can be noted that after budget, commercial plots got Federal Excise Duty (FED). So, when someone gets a plot in DHA, they have to pay not only Advance Tax but also FED and DHA Membership Fee. These extra burdens of taxes result in the decline in prices. Another reason is the presence of businessway where people have started showing interest leading to a decline in prices near DHA expressway. Then, the development of Central Commercial, where banks, parks, and plaza with rents can be found. These three factors can be considered important in the decline in prices. However, the completion of DHA headoffice in phase 5 (by December 2025) and the completion of other famous areas (already mentioned), such as Novacare hospital (by 2026 or 2027) can eventually increase the prices of plots.

Source:

Property Gupshup - 😱BIG DROP in price on DHA Expressway | Property Gupshup - https://www.youtube.com/watch?v=UKd0jHytuco

Profitability in Capital Smart City, near Islamabad, Pakistan

 

(Source: https://www.smartcitypk.com/overseas-launch)

Capital Smart City is one of the housing societies in Islamabad, Pakistan. It is said that plots in Capital Smart City are experiencing profits. People who got plots in Prime One also experience further benefits of achieving their plots and make their homes. It is also said that people from Villa Apartment are also experiencing profits. In this area, people having 5 marla plots can get about 35 lacs to 40 lacs of profit. Considering people with 10 marla plots in this area, who acquired plots in about 1.35 crores to 1.40 crores, now may get about 3 crores for their plots within 4 years. People from Executives also experience profits. On the other hand, people with balloted plots in Executives, and now shifting to other areas, may experience loss. However, chances are high that they would get profit. Eventually, people with plots or balloted plots in Overseas may get good profits within 5 years of possession. This is because this area gets such a way that comes while moving from Motorway to DHA Gandhara, Faisal Town, and Blue World City. So, Overseas Central is one of the most important and beneficial area in terms of property profits.

Source:

Tayyab Sethi Podcast - Capital Smart City Overseas Block Investment | Whic Block Is Most Profitable For Investment - https://www.youtube.com/watch?v=0YUgPC0rgZM

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

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

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

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