HALY Tower a Project Chohan Estate

HALY Tower

Chohan Estate proudly presents ” The HALY TOWERhttps://www.facebook.com/ChohanEstatePk/
12 story commercial complex of DHA which is the
heart beat of DHA Commercial property.

About

DHA Haly Tower Lahore is a complete eleven-story commercial complex in the heart of Lahore Defence area known to be the posh area in the province of Punjab. The project DHA Haly Tower is now 95% complete and is about to open for business on ground, first, second and third floor for shopping and food court area. Offices are almost complete to take possession, Now its your turn to open your own lavish offices/business centers in the heart of DHA.

So do not waste your single minute and make us a call as the units are in limited quantity and are available on first come first serve basis.

The project is comprised of four basements parking to accommodate over 300 to 400 cars. Ground, First and Second floor for a state of the art shopping mall and nine stories will be utilized for offices. The DHA Haly Tower has become a high rise landmark in the city of Lahore.

 

FOR BOOKING DETAILS:
0302-8 444 706
0321-9 124 124

#UAN: 042 111 124 124
042 111 125 125

 

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The Reality Behind Properties of Gwadar

Master Plan of Gwadar

The master plan of Gwadar has been redesigned by GDA under the supervision of Chinese govt. where it is expected that 30 percent of the land would be utilized for industrial use and 70 percent would be located for residential and other commercial activities. The topographic survey has been completed and issuance of master plan is expected in the next 3 to 5 month.

Singhar Housing Society

The core question of this blog is that how Pakistani investor can secure a good deal in Gwadar and multiply their investment in sense of returns. Some major residential options are Singhar Housing society and New Town. You can even build your own houses there and rent them out on good rates. The current rates are as follow:

Singhar Housing Society phase 1

Size Price
500 sq. yard40 lac - 45 lac
600 sq. yard45 lac -55 lac
1000 sq. yard65 lac -80 lac

Singhar Housing Society phase 2

SizePrice
500 sq. yard26 lac
600 sq. yard30 lac
1000 sq. yard50-55 lac

Singhar Housing Society Phase 3

SizePrice
500 sq. yard28-30 lac
600 sq. yard30-35 lac
1000 sq. yard50-60 lac

Singhar phase 4 commercial

SizePrice
1000 sq. yard180 to 250 lac
2000 sq. yard325 to 450 lac
1 acre500 lac
3 acre1500 lac
5 acre2500 lac

Entertainment and Services

Marine drive seems to be the ideal option for ‘entertainment and services’ business in near future as it is facing to deep blue sea, which is suitable for beach resort and hoteling.
Gwadar has a very vast potential for hoteling industry as more and more people are arriving in Gwadar but there are very few options available in sense of hoteling and restaurants. If one can secure a good location right now, then big chances are there that he/she might get big profits in longer term.

Industrial Purpose in Gwadar

GIEDA is best available option for industrial purpose in Gwadar. It is independent body under the supervision of GOVT and is linked with GDA in a large perspective. It offers 1 to 8 acres plots for industrial purpose. The prices of one acre plots are as below

Sizeprice
1 acre36 to 65 lac
3 acre150 to 250 lac
5 acre3000 to 500 lac

Development Activities

The development activities have been started along with reservoirs, road links and offices. By the end of 2018 it is expected to get in industrialist so they can start their work. Electricity has been there but the only issue is lack of water, which is very common in all over Gwadar and government has planned to establish the desalination plants for industrial and household usage in Gwadar.

Open land would be a good opportunity in Gwadar as it is much cheaper but contains high risks as well. You can buy land from 1 to 40lac depending upon the area along with front. There are few black sheep’s in the market who misguided the clients for their  own interests , which has built cast in the air as clients are unaware of local conditions. So they get trapped and local agents disappear. One has to make sure that only to deal with big houses because they are more inclined towards their reputation rather than money.

GDA has suspended 17 NOCs of different societies in past one year due to their incompetence or deliberately late tactics. Before Investing you have to make sure that wherever you buy something it should have NOC from GDA and development work kicks off that is the Reality Behind Properties of Gwadar.

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Dream turns into reality at Gwadar

Gwadar is a port city on the southwestern coast of Baluchistan Pakistan. The city is located on the shores of the Arabian Sea approximately 700 kilometers to the west of Pakistan’s largest city Karachi. Gwadar is near the border with Iran and is located to the east of the Persian Gulf and opposite Oman.

One belt one road is a development strategy started by the Chinese government in 2013. It refers to the New Silk Road Economic Belt, which will link China with Europe through Central and Western Asia, and the 21st Century Maritime Silk Road, which will connect China with Southeast Asian countries, Africa and Europe. Under china one belt one road trade policy known as CPEC in Pakistan it is the prime target of Chinese GOVT to enhance export and production capacity of northwestern Chinese provinces.

Xinjiang is the largest province in china and it exchanges its border with eight countries. Chinese government allocates 450 $ billion dollars funds for this province alone in next five years development plan

As dispute arises in South China Sea which is life line of Chinese export to the world china desperately required a second route in Indian Ocean to counter American influence in the region. Some 60% of the world’s oil is transported through the Strait of Hormuz Gulf of Oman and Persian Gulf. China is heavily dependent on Persian Gulf oil which passes through the Strait of Malacca all the way through the Indian and Pacific Oceans. Once the oil reaches China’s east coast ports, it is transported thousands of miles inland to western China. The Gwadar port   Karakoram Highway (KKH) route is safer, cheaper and shorter than transporting the oil by ocean tanker. Chinese goods flowing in the opposite direction will find an easier, shorter and secure route to the Middle East.

Gwadar has become a fundamental tool to fulfill the one belt one road (CPEC) dream. To keeping alive this dream china planned to invest 45 $ billion dollar in electricity and infrastructure Connective by road, railway and sea.

China trade volume with GCC (gulf cooperation council) is around 220 $ billion dollar. Having this perspective in mind one can easily imagine how it shift the paradigm of trade by using this route. Pakistan could collect billions from transit and levies fee.


CPEC definitely gives boost to Chinese export and lower the production cost as per oil and gas pipeline start working most of the oil and gas goes to the Xinjiang the future financial hub northwestern china and the   Goods exported to the central Asian and European countries. Exports for Middle East and African countries will used Gwadar port at first stage with the passage of time Chinese firms will establish industries in Gwadar. So far so now limited auto, small ship making companies shown interest in Gwadar but time is not far away when mega companies will invest in Gwadar.

The Government of Pakistan is doing excellent job on its part to link the Gwadar port to the rest of the country and establishing basic necessities of life. So far few project like hospital, stadium has been functional, an international Air Port proposes to the master plan.

The second part of this blog would be based on investment opportunities for Pakistani people.

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Pakistan’s elite is in panic as Dubai demands tax return from invester.

For many years now it has become common knowledge that at least a portion of the vast hordes of black money accumulating in Pakistan has been parked in Dubai. According to FBR sources a bilateral treaty for exchange of financial information for tax matters exist between both countries. A panic has been witness in Dubai real estate for last 3 days. Majority of Pakistanis are inquiring about solid investment opportunities.

The money trial from Pakistan to Dubai is about to end, UAE banks into compliance with what is called the common reporting standard CRS, agreed upon by a group of signatory countries under the umbrella of Organization of Economic Cooperation and Development OECD, which aims to curb tax evasion through offshore havens. All existing high net worth individuals will be asked to furnish details of their permanent residency and the citizenship they hold, and their tax status in their own countries. High net worth is defined as holding an account with a balance of $1 million and above and the disclosure will be required from residents and non-residents alike. A standard format for reporting financial data and its exchange between countries has been developed by the OECD But the CRS needs to be translated into domestic law before a signatory country can avail of the automatic exchange of information that it allows. Until then, individual countries can collect the information and bilateral requests for sharing can be made through relevant treaty arrangement.
The development will certainly result in anxiety among the wealthy elite of Pakistan. Unofficial data from the Dubai Land Authority has claimed several times that more than $2 billion have flowed into the Dubai real estate market by Pakistanis over the past three years. For a number of years now, ads have been appearing in Pakistani media inviting people to invest in Dubai property. The data might be accurate as a majority of the investors are reportedly overseas Pakistanis, yet the information is likely to uncover some major names in Pakistan.
Over the years, Dubai has remained the destination of black money, with the lucrative real estate sector becoming a tax haven for such investors. Dubai had gone unquestioned after the Panama Leaks which resulted in major investigations in countries around the world for the involvement of their citizens in tax evading practices. Many had alleged Dubai being the haven where hordes of black money were stored, but no concrete data was available.
The development has positive as well as adverse consequences for Pakistan. On the brighter side, the mutual exchange of information can help the tax authorities of Pakistan in tightening their grip on the tax evaders, consequently widening the much-needed tax net. But on the other hand, the information can result in denting the confidence of the foreign investors in Pakistan, which was already shaken following the Panama Leaks.

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Disappointed amnesty for realestate

Disappointed amnesty for realestate

The federal government is out of ideas as one can witness in amnesty scheme in 2016 where it looks like FBR dominate in policy making process though it has failed to check the nerves of real estate market. Prices have decreased around 15 to 20% and there is genuine buyer in the market though investor is a bit hesitant at this stage especially commercial plots.
According to amnesty scheme “W236”, 2016 filler and non-filler has to pay 3% Difference between FBR value and DC rate value though filler can claim these 3 percent when he or she submit their return, question arises why GOVT include filler in this amnesty if one analysis across history of amnesty scheme across the globe at first it is the intention of any GOVT to make the economy documented and increase the tax net but they never include those people who are already in tax net.
Last year GOVT was rest assures by increasing the value of plots they shall get maximum taxes but all went against GOVT interest and revenue collection fallen around 35%. Investors which were mostly overseas Pakistani dis-hoarded and moved to Dubai. As now Dubai has become the signatory of CRS common reporting standard it has become a bit complicated for the investor across the globe to invest blindly. Nonresident in Dubai can be asked about their tax status in their homeland.
According to state bank report in last quarter of previous year a decline in remittance has been witness around the figure of 300$ million (30 billion rupees which is a big reason to worry for an economy where growth rate is around 4.5% it is dire need of GOVT to received remittance and taxes as much as it can. GOVT has to revisit its policies especially for overseas Pakistani and local resident. A big critique on real estate sector is that it’s non-productive and no big contributions towards economy although they forget that there are 36 industries are directly or indirectly linked with real estate except labor force.
Time has come for the GOVT of Pakistan to think out of the box solutions for recovery in real estate sector. A parallel Economy exist in every country on this planet earth and most of the time it is beyond the control of GOVT. Its better be good to encourage the people to come in tax net by giving lucrative amnesty if it keep pushing like this amnesty than not only investor but genuine buyer will disturb.

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Pakistan’s elite is in panic as Dubai demands tax return from investor.

Pakistan’s elite is in panic as Dubai demands tax return from invester.

For many years now it has become common knowledge that at least a portion of the vast hordes of black money accumulating in Pakistan has been parked in Dubai. According to FBR sources a bilateral treaty for exchange of financial information for tax matters exist between both countries. A panic has been witness in Dubai real estate for last 3 days. Majority of Pakistanis are inquiring about solid investment opportunities.
The money trial from Pakistan to Dubai is about to end, UAE banks into compliance with what is called the common reporting standard CRS, agreed upon by a group of signatory countries under the umbrella of Organization of Economic Cooperation and Development OECD, which aims to curb tax evasion through offshore havens. All existing high net worth individuals will be asked to furnish details of their permanent residency and the citizenship they hold, and their tax status in their own countries. High net worth is defined as holding an account with a balance of $1 million and above and the disclosure will be required from residents and non-residents alike. A standard format for reporting financial data and its exchange between countries has been developed by the OECD But the CRS needs to be translated into domestic law before a signatory country can avail of the automatic exchange of information that it allows. Until then, individual countries can collect the information and bilateral requests for sharing can be made through relevant treaty arrangement.
The development will certainly result in anxiety among the wealthy elite of Pakistan. Unofficial data from the Dubai Land Authority has claimed several times that more than $2 billion have flowed into the Dubai real estate market by Pakistanis over the past three years. For a number of years now, ads have been appearing in Pakistani media inviting people to invest in Dubai property. The data might be accurate as a majority of the investors are reportedly overseas Pakistanis, yet the information is likely to uncover some major names in Pakistan.
Over the years, Dubai has remained the destination of black money, with the lucrative real estate sector becoming a tax haven for such investors. Dubai had gone unquestioned after the Panama Leaks which resulted in major investigations in countries around the world for the involvement of their citizens in tax evading practices. Many had alleged Dubai being the haven where hordes of black money were stored, but no concrete data was available.
The development has positive as well as adverse consequences for Pakistan. On the brighter side, the mutual exchange of information can help the tax authorities of Pakistan in tightening their grip on the tax evaders, consequently widening the much-needed tax net. But on the other hand, the information can result in denting the confidence of the foreign investors in Pakistan, which was already shaken following the Panama Leaks.
With a medium term economic outlook of Pakistan looking stable, Pakistan needs foreign investment to sustain it in the long run. The security, as well as the power situation, coupled by the China Pakistan Economic Corridor, presents a critical opportunity to boost the economic activity in Pakistan. Amid all this, the investment of Pakistanis is equally important in this regard. For this purpose, not only the government should crack down on the tax evasion, but also make efforts to ensure the protection of these investments. It is expected most of this investment will directly go real estate sector special compliance to Gwadar and Lahore.

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PHASE 9 Prism (5 Marla) Future perspective in sense of investment.

PHASE 9 Prism (5 Marla) Future perspective in sense of investment.

The glimpse of phase 9 prism solitary dominating factor in real estate for last 2 years and market trends Annalise that it is going up due to its key feature which makes it more distinguished than any other phase of DHA Lahore. The outstanding location along with state of the art town planning which emphasizes on nature rather than artificial landscaping make it more compatible for living standard. There would be small parks, sector parks and theme parks as well; amenities are also design to make an impression of comfortable living standard. Time is not far away when it will be heart of the city due to its easy approach from ring road, main Ferozepur and Badian road it is expected that there will be 11 gates and a Central Boulevard of 150 feet each touches each block of prism. Keeping in minds with global warming factor it is expected that all development would be ecofriendly and street lights on solar panel. To coupe the technological requirement of future a free Wi-Fi also proposed in town planning.
Let’s look at it as investment point of view. In 2012 the average price of 5 Marla file was around 1.3 million which is now trading at 3.2 million it was trading around 4 million just 4 months ago.

1

There are 3 blocks R, K, J where so far 5 Marla plot cutting have been proposed. In May 2016 the 5 Marla plot in R block was trading 4 million to 5.5 million which is now trading at 3.3 million to 4.5 million. In j block a 5 Marla plot was trading at3.8 million to 4.5 million now trading at 3.2 to 4 million. K block 5 Marla was trading 3.9 million to 4.6 million and now it is trading 3.4 million to 4.2 million.

May trading trend

2

November trading trend

3

A price correction has been made in last 4 to 5 months though the investor is a bit shy to jump in the market but those people who are aware of the real estate dynamics are in market and buying on the bases of slow and steadily rule. As per market trends it is expected that in next five years the 5 Marla plot would be trade around 15 million with keeping in mind the GDP growth around 6.5 percent and remittance would cross 35 billion $ as per Asian development. The CPEC would be a crucial factor to boost GOVT earning and attracting more investment.

4

If you have low budget and looking forward to invest in long or short term than 5 Marla in phase 9 prism would be ideal available option.

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False impression of taxation changes 2016 in house sector

False impression of taxation changes 2016 in house sector

property-tax

A wrong notion regarding changes in tax rates in the house sector is soaring high these days among people. It seems as it has taken hold of common man’s thoughts. A slight change is there in sale and purchase of plots or constructed houses. But thinking that the tax rate change has lowered down the prices of constructed houses to a great extent is nothing but a smoke in the air. It’s very clear plots market is slightly down now a days, But we cannot impose this practice on house sector because construction cost is increased day by day. There is a minor difference in house prices it about 1 million to 1.5 million. Because now a days builder sacrifice their profit little bit.

The real scene behind this mindset is totally opposite. Along with a shift in the rates of taxation in real estate market there is not even a single real thing that property rates has fallen to a higher level.
A dire need of brushing up this thinking is there on the part of public, so that the changes in taxation 2016 might not be mixed and applied in all cases. For it is important to find out the best professional consultant who guide him in a best possible way regarding his/her query.

House department
M.imran 03028444761

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Key 5 points to become Real estate investor

real estate

Key 5 points to become Real estate investor

Still now Real estate business is once again blooming in Pakistan and people are investing lot of money in this business. However investment requires a lot of care that is the reason young entrepreneurs should consider the following important points before investment.

1. Drastic change in the world

Due the internet now whole world is like a one market 1st of all you need to learn about learn about internet
Real estate business is a bit challenging for beginners, but bearing the pressure and maintaining your ground will help you stand tall for a longer period in this business. First of all, browse the internet and read real estate buying/selling guides. You can take help from various online training courses to get your feet wet.

2. Satisfaction of customer (customer is king of market)

You should know the art of convincing and satisfying your clients. The growth in this business is truly remarkable, but it demands lots of patience and tolerance.

3. Polish your convincing skills

You must possess wonderful negotiation abilities to convince the potential buyers or sellers. In addition to this, a good understanding of laws regarding property, real estate transactions and rules related to ownership transfer, is pretty much essential. You can also observe and learn from a real estate agent and further brush up your skills.

4. Evaluation of property

Learning how to analyze a property is very important. With property analysis, you can calculate the actual worth of any property, and with this knowledge, you can easily compute the selling value of a particular property as well.

5. Build links with good investors

The real estate business has a lot of similarity with the stock market. Stock market investors don’t buy a lot of stock on high prices; but in case of actual customer in real estate the preference to buy house will be as soon as possible because prices are going up with the time but invertor scenario is totally different they wait for the right time and then sell the stocks they bought for low prices to make a significant return on investment. This is exactly what you should do as a real estate investor. Instead of buying properties on high prices, research around and go for new or wholesale properties. The wholesale properties are those that need some work around. You can invest more money to shape up the wholesale properties to sell it twice the amount you actually bought it for.

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Sangar Housing Society Gwadar

Sangar Housing Society Gwadar

sangar-housing-society

Sangar housing society is a project of government of Blochistan.This is very safe investment and more then 80% of development work has completed and remaining development is going on fast way. Sanagar housing society is consist o 5 phase.
Phase 1,2,3,5 are residential consist on 500 squire yard (1 kanal) and 1000 square yards 2 kanal and 600 square yards plots(24) marlas.
Phase 4 is commercial Phase consisting plot sizes 1000 sq. yard (2 kanal
2000 sq yards (4 kanal ) ,1 acre ,2 acre, 3 acre and 5 acre plot sizes are available
in phase 4 of sanghar housing society

Sangar Housing Society Phase 1

phase-1

Sangar Housing Society phase 2

phase-2

Sangar Housing Society Phase 3

phase-3

Sangar Housing Society Phase 4 Commercial

phase-4

Sangar Housing Society phase 5

phase-5

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