Phase 7 DHA Lahore

Phase 7 DHA Lahore Plot Prices

Phase 7 DHA Lahore Overview

Phase 7 is a biggest phase of DHA Lahore with distinguish feature like biggest golf course, hospital and knowledge city. DHA Lahore improved its key features like underground wiring, carpeted roads and bigger parks. Phase 7 located between Badin and Barqi roads and it is near to ring road, dream projects like theme park (Disney world) and kidney center funded by GOVT of Punjab also located in phase.

Phase 7 DHA Lahore 1 Kanal Plot Prices

DHA Phase 7 consist 1 kanal plots out of which 70% is possession and it is expected that whole possession will be given at the beginning of next year, the 5 Marla file cutting is lunched 6 months ago though the launching price was bit high but price correction has been made and now it is trading 3.8 million and price has been stabilized. It is right time for the right move to invest in 5 Marla file because in phase 6 the 5 Marla plot is trading around at 8.5 million if one holds the file it is expected it will be double within 2 years as per market situation. File numbers are limited and cutting is expected in U, T and X block which are consider as good location.

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10 marla plot prices in DHA Lahore Pahse 7

10 Marla file is trading at 6.1.The average 10 Marla plot rate is around 7.5 million but depends upon location

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1 kanal plot rate is trading 10 million to 15.5 million Prices down 15% percent
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The biggest shopping mall of DHA Lahore is planned in phase 7 and it will take place in near future along with this all CCA from 1 to 4 are design to fulfill the basic necessities of resident and established a new trend of cooperate world along with high rise buildings. The commercial file of 4 Marla is trading around 21.5 million it has dropped down from 27 million the current 4 marla plot rate in CCA4 phase 7 Is around 32 to 35 million so 4 marla file has a worth to invest. The 8 Marla commercial plots are trading from 50 to 55 million.
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It would be ideal location to invest in DHA phase 7 residential and commercial files and building. A price hike is quite attractive for investor and people who are willing to live in this beautiful phase

Important links

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Lahore Ring Road The Southern Loop

Lahore Ring Road The Southern Loop

The development of Lahore Ring Road is in progress. It will be open on 14th August 2017. This is going to the massive infrastructure improvement in Lahore Region.

We can see the areas located near to this massive development (Dha Phase 9 Prism,Lake City, Fazaia) will be on great boom. The land has been purchased and cleared by Govt. As per information from its almost 22- km road land has been level and cleared. The contract of this Road has been given to FWO.
Finally, it’s the time to invest in these surrounding to get a multiplied handsome return on investment. The best thing is going to happen in these regions of Lahore, there ll be multiple interchanges and easy access from Lahore Ring Road Southern Loop.

Following image taken from Google map, which will show that Lahore Ring Road is taking shape:

Lahore ring road

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TIME TO INVEST IN DHA MUlTAN

TIME TO INVEST IN DHA Multan

In last ten years Multan has changed a lot new hospitals, schools and airport has been taken place. Metro project is almost near compilation. The strategic location of Multan make it more feasible because all new motorway projects are directly linked and in near future it does have the impact of CPEC industrial zone which attract more population across Southern Punjab.
The price of 1 kanal file has gone up to 4.6 million but it start declining and stabilize at 40.5 million. The artificial boom is over, right time has come to invest because Phase 1 of DHA Multan has been closed Now DHA has stopped purchasing of further land.
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Development work has been started Main Boulevard, boundary wall and entrance gate which depicts the launch of the project near future. Projects like golf course, grand cinema and shopping malls will open new horizon of entertainment for the resident of DHA Multan. I will highly recommend you to buy files in DHA Multan for the sake of investment, as high return on investment is expected.

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Safari Garden Housing Scheme

Safari Garden Housing Scheme

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“Safari Garden Housing Scheme” marketed by Chohan Estate . It’s a quite a big project in Lahore situated at Sue-e-Asal/Raiwind Road. The plots are available on Installments payable in 48 months.
Plot can be booked on payment of Just Rs.50,000.
Per Marla Monthly Installment shall be Rs. 3,500.
It’s a Golden opportunity for Investment.

Salient Features:
150 ft, 100 ft, 50 ft and 30 ft wide metalled roads
Electrification System
Sewerage System
Water Supply System
Parks on 7% of total scheme area
club and community center
Theme parks and zoo
School
Mosque
Tennis Court
Swimming Pool
Jogging Track
Cinema

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Revision expected in FBR valuation tables

Revision expected in FBR valuation tables

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The FBR valuation tables have left many genuine buyers, authentic investors and even sellers so confused that property transaction volume has seen a major drop throughout the country. Please note that, as directed by the FBR, the Advance Tax and Capital Gains Tax on property transactions carried out after July 01, 2016 will be calculated per the FBR rates given in the valuation tables and not on the Deputy Collector’s rate.

So naturally, it is only logical to demand that these rates be made more realistic. Well, I have good news for you; the government is actually looking to revise valuation tables by bringing them down, at least in the DHA developments initially. According to a news source, the government may reduce the valuation table rates of property in DHA by one third as, reportedly, DHA authorities complained that property valuation rates for DHA were much higher than the rates quoted for Bahria Town. The authority raised these concerns before the Finance Minister Ishaq Dar who asked the FBR to address this issue, according to the news source.

However, it is not clear if the rates will be fixed now or after the next budget. Please note that property rates quoted in valuation tables for properties in Peshawar and different cities of Sindh have also received similar criticism but no intention of fixing these rates has been expressed by the authorities concerned. Furthermore, the announcement of an amnesty scheme for the property sector is also expected, the expected terms and details of which will be shared in my next article.

Meanwhile, I would like to get your take on the expected correction in the FBR valuation tables for DHA so don’t forget to comment below.

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Current scope of investment in DHA Lahore

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Current scope of investment in DHA Lahore

 
DHA Lahore has always remains the name of trust for overseas and local investors. Investors and end users always get 20 to 30% profit (ROI) return of their investment per anum on their investment. Both long term and short term investments in DHA gave promising rewards in the past. DHA offers investment safety and is one of the most promising avenues of investment across the city. In the current scenario, I would suggest people consider Phase VII/VIII and Prism 9 for investment.
Development work is almost complete in Phase VIII and possession is expected in Jan/Feb 2017. If you compare this phase with Phases V or VI, you will realize that prices in Phase VIII are still at Lower Side.
Prism 9, on the other hand, will be the best phase of DHA Lahore in terms of development, planning and approach. So, this phase is worth considering for investment.
All speculative markets move in cycles, and the real estate market in no exception.
The right approach in the current market environment is to invest in DHA Lahore in emerging phases and locations near ring road. These investment in DHA Lahore will deliver on the promised quality as well as timelines of possession.

Residential Projects has great Scope in DHA Lahore as one of the best quality homes being built in DHA Lahore as compare to all other areas one can find the best styles of elevation and state of the art construction. Modern living at its best and if we compare the current market situation with residential market there is no impact whatsoever as prices are going up day by day due to cost of construction and home hunter (serious buyer’s) are still very much active in home hutting because a home always `remain a basic need for everyone.

How much budget 2016-17 has affect the property sector?

 
Let’s start with comparison of previous and current given rates by the Government and analyze it accordingly.

If we see from the above mentioned table the difference on transfer of one Kanal plot (previous and current rates of DHA Phase I) is Rs.194, 400. Average rise in one kanal Plot in DHA emerging phasee like phase VI/V/VIII is about to 20% to 30% e.g. Average rates of plot in phase VI ,B Block in 2015 December was 18.5 M to 19.5. Now the current price is around 21.1 M to 23.5 M. Rise is almost 15% to 20%. Now considering the rise in price of property the taxes seems to be quiet nominal.

DC Rates

Rise in Dc rates are 20% to 30% from previous ones. Stamp duty and CVT will be calculated on DC Rates

Fair Market Value/FBR Value


Fair market value and FBR value is the same thing and it’s a new price introduced by FBR. It’s a price that is between the actual market value and DC rates so an average rate is decided for that particular area i.e Fair Market Value/FBR Value.
1% CGT for filer and 2% CGT for non-filer will be calculated on FBR value

Advance Tax


2% Advance tax for filer and 4% for non-filer will be calculated on FBR value. Previous values were 1% and 2% respectively.

CGT (Capital Gain Tax)

This is the most important issue in the whole scenario of taxes. Here we have to understand the criteria and how we have to pay the CGT.
Previous CGT 1% for filer 2% for non-filer
Current CGT 1% for filer 4% for non-filer

If a seller sale the property within
One year than CGT is 10%
Two years than CGT is 7.5%
Three years than CGT is 5%
More than three years – NO CGT

CGT is actually calculated on actual gain/actual profit. If we purchased the property (1 Kanal Plot DHA Phase I) this year 2016 and sale out in 2017 (within one year) then it will be calculated as follows:
FBR/Fair Market Value 2016 = 13,440,000/- (1 Kanal)
FBR/Fair Market Value (approx. rate in 2017 decided by FBR) =15,000,000/-(1 Kanal)
FBR value 2016 – FBR Value 2017 =1,560,000/- (Actual Gain)

CGT 10% on first year =1,560,000 x10/100
=156,000
CGT 7.5% on 2nd year
CGT 5% on 3rd year
More then 3 years (exempted)

Now this is specifically for filers when they file there return in FBR they will pay the CGT accordingly that is quiet nominal and evident from the above mentioned calculations.

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Real Estate industry status in Pakistan

Real Estate Industry

Real estate sector should be given industry status in Pakistan, LCCI demands

The Lahore Chamber of Commerce and Industry (LCCI) has urged the government to declare real estate sector as an industry.

Real Estate industry status in Pakistan

It also demanded the government to not impose any new taxes on real estate sector as it is not only an important source of revenue for the government but is also providing direct or indirect employment to millions.

The demand was raised by LCCI President Sheikh Muhammad Arshad while talking to a delegation of Defence Housing Authority (DHA) Real Estate Agents Association, led by its Chairman Major Rafiq Hasrat at the LCCI.

The LCCI president said that real estate sector is an important and growing sector of economy and Pakistan spends billions of dollars on construction every year.

He informed the delegation members that LCCI is making all out efforts to solve the issues faced by the trade and industry at the earliest. The LCCI Industry has forwarded budget proposals to the government, he said.

He added that the ongoing projects under China-Pakistan Economic Corridor (CPEC) have a direct relation with the economic development and would also boom the real estate sector.

The LCCI president said that real estate sector is playing a significant role to promote the economic activities in the province. He said that the LCCI would extend maximum cooperation to DHA Real Estate Agents Association.

DHA Real Estate Agents Association Chairman Major Rafiq Hasrat said that the real estate sector could generate huge revenue for the government once it is declared as an industry. He said that government should establish a licensing authority for real estate agents which would also help trust building of the investors.

He informed the LCCI president that the association has designed courses for real estate agents to give them awareness about the day-by-day changing business techniques Real Estate industry status in Pakistan

Former LCCI president Muhammad Ali Mian, former senior vice president Irfan Iqbal Sheikh and Executive Committee Member Nasira Taskeen also spoke on the occasion
Real Estate industry status in Pakistan

Property tax in Pakistan

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Property Tax 2016 Pakistan

Property-tax-pakistan 2016-2017

Real Estate Taxes in Pakistan 2016-2017

Property Tax 2016-2017

During the past two decades, particularly in the years 2000 and 2008, many new investment opportunities were accorded to investors and overseas Pakistanis, which consequently brought capital in the country. The inflow of money noticeably enhanced the country’s foreign exchange reserves and assisted in maintaining the foreign exchange rate of Pakistani currency. The byproduct of this activity was a massive investment influx in new housing projects, universities, schools and other capital intensive projects.

The real estate industry, including the construction sector, is considered a prime catalyst for economic activity in Pakistan. This sector leads to job creation in a number of allied sectors, value addition in the supply chain mechanism of the related industries, as well as collection of substantial tax revenue. A visible outcome of development in this sector was an unprecedented rise in the value of urban and agricultural land prices.

This huge investment in the real estate sector under the existing tax laws had its own price to be paid in terms of providing safe haven to untaxed money, mushrooming growth of speculative files business, and allocation of capital to unproductive sectors. The government has tried to address some of these major concerns through changes in its fiscal tax policy.

Therefore, it is now important to discuss and assess the impact of the significant fiscal changes brought by the Finance Bill 2016, effective from the 1st of July, on the real estate sector. In order to help investors make an informed decision:

Advance Income Tax (adjustable) on purchase of immovable property under Section 236-K increased from 1% to 2% for tax filers and from 2% to 4% for non-filers
Advance Tax (adjustable) on sale of immovable property under Section 236-C increased from 0.5 to 1% for filers and from 1 to 2% for non-filers
Capital Gains Tax (CGT) has undergone two major changes in terms of time frame and fair market valuation of sale price, which are summarized below:
a) CGT will be levied at the rate of 10% of difference between the fair market value at the time of sale and purchase if the property is sold within 5 years of its purchase.

b) Fair Market Value: The Finance Bill has inserted a sub section in Section-68 wherein the concerned Federal Board of Revenue (FBR) officer can refer a certain property for its fair valuation to valuators approved by State Bank of Pakistan. To this effect, State Bank has already issued relevant notification along with its approved list of valuators. Secondly, the Finance Bill specifically mentions that the current Deputy Commissioner (DC) rates do not bind FBR to use it as reference for property valuation. It is important to mention that under the Income Tax Ordinance, Deputy Commissioner had valuation powers but due to certain reasons, these powers were inoperative and consequently DC rate was used and accepted by FBR as the sale price for any property.

The examples below would better illustrate the impact of above amendments especially those made in the CGT.

For the sale of a 1 kanal residential plot in DHA Lahore from Phase I to VIII, which was bought and registered in the last 5 years, with its current average market value of PKR 20 million, seller will be paying Capital Gain Tax as below:

CGT = 10% of Market Value of Plot (MVP) – Declared Value of plot (DVP) at the time of purchase

DVP (in last 5 years) = DC Rate Value at the time of purchase = approx 7 million/kanal (average DC Rate for DHA Lahore residential plots in Phase I, II, III, IV and V in the last 5 years)

So CGT = 10% of MVP (PKR 20 million) – DVP (PKR 7 million) = PKR 1.3 million

Also, remember that 1% and 2% Adjustable Advance Tax will be applicable on filers and non-filers respectively. For filers, it will be adjusted in terms of claiming credit when they file annual tax returns but for non-filers, it will be an additional cost of PKR 400,000 in the stated case. If Transfer Fees, CVT and Stamp Duty are added strictly as per the law, a minimum of PKR 2 million would be paid from July 1, 2016 onwards on the sale of every 1 kanal residential plot in DHA Phase I-VIII.

The question is, who will benefit from this new game plan of the government, and who will suffer disadvantages?

Primarily, these changes in the tax statute are supposed to take black money (the untaxed money that was invested in the real estate sector) into account. The transactions took place at the DC rate, which in certain cases, especially for commercial plots, was ten times less than the fair market value of the property. For overseas investors who have to bring in their money through banking channels, the change in law should not be a cause of worry.

As far as the doubled withholding tax rates on sale and purchase of property are concerned, it is being done primarily to increase the cost real estate transactions for non-filers. Overseas investors, on the other hand, can file their annual income tax returns and claim the credit in advance taxes paid in their annual income tax returns.

In Property Tax 2016 view of the above discussion, a downward correction or a breather thereafter in the prices of the overall real estate in the country is eminent. However, the major impact of all these changes will be observed on the black-money holders and their strategy to park their untaxed money in high-tagged assets that enable them to launder the black money.

Similarly, the changes are bound to have an impact on short-term trading as CGT has to be paid per the amended law. However, as elucidated earlier, this should not worry overseas investors or non-resident Pakistanis who can declare their sources of income as white money and are usually long-term investors. The only impact on the market would be a reduction in the value of their investments, however, that is merely a short-term effect, as the market is likely to regain equilibrium in the long run. It is expected that the market will grow slowly and steadily as and when the speculations tone down.

Property Tax 2016

Real Estate industry status in Pakistan,LCCI demands

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DHA Bahawalpur Booking Form Application

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DHA Bahawalpur offers booking for 2 Kanal Residential & 4 Marla Commercial Plots. Last date of form submission is 16th July, 2016 and ballot will be on 6th August, 2016.

2 Kanal Residential

Processing Fee – 25,000 (non refundable)
Total Price – 9,000,000
Down Payment 10% – 900,000
12 Quarterly Installment – 675,000 (each)

4 Marla Commercial

Processing Fee – 25,000 (non refundable)
Total Price – 15,000,000
Down Payment 10% – 1,500,000
12 Quarterly Installment – 1,125,000 (each)
DHA Bahawalpur Karachi & Islamabad Transfer Offices opening soon.

DHA Bahawalpur Booking Form Application

DHA Bahawalpur Booking Registration Procedure


There are two step required:

1- New Registration
2- Customer Login

How to Apply Online
INSTRUCTIONS FOR SUBMISSION OF ONLINE APPLICATIONS

Step 1. Register yourself by providing basic information.
Step 2. Login as per information (Email and Password) provided in step 1.
Step 3. Visit “Submit Online Application” link and select the advertised plot size and bank name in which you intend to apply.
Step 4. On submission of each online application, separate Bank Challan form will be generated.
Step 5. Printed application and challan form is required along with processing fee in your selected bank.
Step 6. Bank staff will retain application along with two copies of challan and return customer copy to the applicant. Keep challan “Customer Copy” for record.
Step 7. Check the status of your online application on DHA website after 03 working days. For further information please contact us at +92 62 111 111 518 or email:info@dhabahawalpur.com
Step 8. Please provide correct information, making false statements may result in cancellation of application/plot.

For Overseas Pakistanis
Overseas Pakistanis will deposit application amount via swift code at nearest bank.
Complete above given Step 1 and Step 2.
Provide transaction ID, swift code and scanned image/picture of deposit slip at step 3.
Concerned staff at DHA will print the overseas Pakistanis application form, confirm payment through bank and update status online. Overseas Pakistanis are not required to deposit hard copies.
Check the status of your online application on DHA website after 03 working days. For further information please contact us at +92 62 111 111 518 or email:info@dhabahawalpur.com
Please provide correct information, making false statements may result in cancellation of application/plot.

I have just successfully applied for 2 Kanal Residential & 4 Marla commercial plots for my self.

Congratulation to all DHA Bahawalpur plot holders.

Sample Booking Form & Bank Challan

For Booking Please visit DHA Bahwalpur online

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WHY TO INVEST IN DHA Multan

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Multan is a cultural and industrial hub of Southern Punjab which distinguishes with other cities of the region. In last ten years Multan; the city, has changed a lot new hospitals, schools and airport has been taken place. Like the Multan metro project is under progress & it’s about to end within few months. The strategic location of Multan make it more feasible because all new motorway projects are directly linked and in near future it does have the impact of CPEC industrial zone which attract more population across Southern Punjab. The total population of Southern Punjab is approximately Thirty Two million but unfortunately there is no extra ordinary/ fully planned housing society like DHA Lahore.
Phase 1 of DHA Multan has been closed and DHA has bought 50 acres. Now DHA has stopped the purchasing of land which causes a sudden increase in prices and in last one month one can see in the graph how prices have been raised.

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Development work has been started; Main Boulevard, boundary wall and entrance gate which depicts the launch of the project near future. Projects like golf course, grand cinema and shopping malls will open new horizon of entertainment for the resident of DHA Multan.
According to the market sources the launch will be held after Ramadan. DHA may offers more files in near future and there is no harm to invest in more files, and speculated price would be around the figure of 55.
I will highly recommend you to buy files in DHA Multan for the sake of investment, as high return on investment is expected.

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