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Bahawalpur: According to the recent news, Defence Housing Authority has revealed the payment plan for the residential and commercial plots of DHA Bahawalpur.

DHA Bahawalpur is low price, surprisingly profitable project for Southern Punjab presenting the people of Bahawalpur to live a luxurious life. People are much conscious of buying the land in DHA Bahawalpur to live a high-quality life or to invest the money.

Payment plan of DHA Bahawalpur has been announced. According to the DHA Bahawalpur official site, the society is providing the booking of 5 Marla, 8 Marla and 2 Kanal residential plots. For the commercial plots, booking is only for the 4 Marla and 8 Marla. And the buyers who are interested in buying the farmhouse can get 4 Kanal and 8 Kanal. All of these DHA Bahawalpur plots are available in installments.

You can get the application from DHA Bahawalpur official website.

Price for All DHA Bahawalpur Plots

Residential Plots On 3 Years Installments

  • 5 Marla = 16 Lacs
  • 8 Marla = 25 Lacs
  • 2 Kanal = 1 Crore

Commercial Plots on 3 Years Installments

  • 4 Marla = 1.75 Crore
  • 8 Marla = 3.5 Crore

Farm Houses Plots On 3 Years Installments

  • 4 Kanal = 2 Crore
  • 8 Kanal = 3.75 Crore

Money You Need To Deposit With Applications Forms


5 Marla Residential = Rs 3000 ( Non Refundable )
8 Marla Residential = Rs 5000 ( Non Refundable )
2 Kanal Residential = Rs 10000 ( Non Refundable )
4 Marla Commercial = 1.55 Lacs ( Rs 15000 Non Refundable )
8 Marla Commercial = 3.20 Lacs ( Rs 20000 Non Refundable )
4 Kanal Farmhouse Plot = 1.7 Lacs ( Rs 20000 Non Refundable )
8 Kanal Farmhouse Plot = 3.25 Lacs ( Rs 25000 Non Refundable )

If you have any query about Properties for Sale in DHA Bahawalpur, you can freely contact us. Nexthome.pk will guide you further and give you professional assistance.

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Real Estate Market is one of the major contributions in Pakistan’s economic growth and enhancement of revenue with huge overseas and local financial transactions; Providing the employment, poverty reduction and significant contribution in GDP of Pakistan. Real estate market has been considered to be the remunerative area of investment for the investors for getting ROI of more than 100% within less time.

Four years ago in 2016, Government imposed taxes (Property tax, Capital value tax, Stamp duty, Withholding tax) on the real estate that affected real estate market badly. The stakeholders and property buyers/sellers requested the government to reduce the tax rates. But these tax rates haven’t been reduced by the government resulting in the loss of the Real estate market. Property taxes are imposed on both commercial and residential areas by the provincial governments of Pakistan.

The Latest Tax, Duties, and Fees in Real Estate Market

Property Tax

As per the provincial acts, the property taxes are levied on the yearly value of buildings and land. 5% of the annual value is levied on the property on yearly basis. The tax rate varies from province to province. The rental value does not imply on the rented out property.

Now, According to the latest valuation table 2019 on official Excise website, in Punjab, the yearly rental value is higher if the property is rented out. Else, 5% of the yearly rental value will be levied as a tax. As the same, Sindh Excise and taxation reported that whether the property is rented out or not, the tax will be levied at a rate of 25% of the yearly rental value of the property.

In Feb 2019, FBR revises land valuations upwards for 20 major cities. The average increase is 20%, but a sharp increase has been seen in the taxable rates for some areas. These rates will be applicable by Feb 1, 2019, through which the FBR will calculate withholding and capital gains. Lahore is on the top of the property re-evaluation drive, where 1,234 areas from Lahore have been re-evaluated for tax collection purposes.

Currently, the FBR is short by PKR 188 Billion in tax collection. So, for filling such big difference, the rise in the valuation table occurred to increase the tax collection and decreasing the shortage down.

Capital Value Tax

It is the tax that is paid by the buyer at the time of purchasing a property. It is levied at 2% of the value recorded. CVT is compulsory to be paid whether the property has been gifted or purchased.

Recommendations had been made by the federal government to reduce CVT and stamp duty to 1%. But it is still a total of 5% (2% CVT and 3% Stamp duty) for the urban properties.

Stamp Duty

It is the same as the CVT paid at the time of the acquisition of a property. It is currently the 3% which is been paid along with the CVT.

Withholding Tax

It is a federal tax payable by both buyer and the seller if the worth of the property is greater than PKR 4 Million at the time of registration. Withholding tax is paid by the seller only if the seller sells the property within the three years of buying it.

By Buyers

  • For non-filers, 4% of the FBR rates.
  • For filers, 2% of the FBR rates.

By Sellers

  • For filers, 1% of the FBR rates and none if sold within five years of purchase.
  • For non-filers, 2% of the FBR rates.

Real Estate Market (Budget 2018-19)

According to budget 2018-19, following are some reforms in the real estate market:

  • FBR and DC rates will be abolished.
  • Prices of any property will be considered to be what the buyer and the seller declare.
  • Taxes will be collected on the declared value.
  • Purchaser will pay Adjustable Advance Tax of 1% on the declared value. Adjustable Advance Tax will replace the existing Withholding Tax (WHT) paid by sellers and buyers of property. Adjustable Advance Tax, like WHT, will be adjustable into annual taxes of the taxpayers.
  • Non-filers cannot buy property with a declared value greater than PKR 5 million.
  • To discourage undervaluation of property, FBR will be given the right to purchase any property within six months of its registration. It can, however, only be done after paying a certain amount above the declared value.
  • In 2018-19, the amount to be paid above declared value will be 100% more.
  • In 2019-20, it will be 75% above the declared value.
  • From 2020-21 onwards, it will be 50% above the declared value.

Provinces will be requested to collect 1% tax under Stamp Duty and Capital Value Tax (CVT) on the declared value, after abolishing DC rates.

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Lahore: Chief Minister of Punjab, Usman Buzdar, ordered LDA to accelerate the construction of Shelter homes. Since, after that, LDA extended the deadline for completing the shelter home’s construction as soon as possible in Lahore.

Imran Khan, the Prime Minister of Pakistan, laid the foundation of the shelter homes in Pakistan for the poor, needy and homeless people who haven’t a proper shelter to sleep. The public of Pakistan appreciated PM for launching the shelter homes.

The first shelter home is near the Railway Station, Lahore with the area size of one Kanal and it belongs to Punjab Government, but Federal Government will do the construction of the shelter homes.

 

Labour from other cities comes to Lahore for work and stay here for long. So, they search for a place to sleep. Shelter home will provide them with a place to sleep instead of sleeping at footpaths.

For now, there are four shelter homes in Lahore (Railway Station, Data Darbar, Badami Bagh, Lari Adda, and Thokar Niaz Baig) which are almost completed. LDA has the Commercial Plot for Sale in Lahore in LDA Avenue.

The construction company has completed the construction of four shelter homes, the 5th one is still in under construction, and Punjab Government ordered them to finish by Feb 20.

 

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As the CPEC started, investments poured into Pakistan from all around the world. According to analysts and journalists, Gwadar port’s is the major reason why investors want to invest in Pakistan. Gwadar port is hopefully going to be the hub of the biggest business trade of Asia. The Gwadar Port and it's all master plans will help Pakistan to convert the dreams into reality.

Gwadar is Going to be Backbone for Pakistan in Future

Billion dollars of projects are being initiated and more projects are upcoming in 2019 that will stabilize Pakistan’s economy.

According to CPEC, following are the plans that will be deployed in Pakistan:

Energy Projects

  • 2×660MW Coal-fired Power Plants at Port Qasim Karachi
  • Suki Kinari Hydropower Station, Naran, Khyber Pukhtunkhwa
  • Sahiwal 2x660MW Coal-fired Power Plant, Punjab
  • Surface mine in block II of Thar Coal field, 3.8 million tons/year
  • SSRL Thar Coal Block-I 6.8 mtpa &SEC Mine Mouth Power Plant(2×660MW) (Shinghai)
  • Karot Hydropower Station

Infrastructure Projects

  • KKH Phase II (Thakot -Havelian Section)
  • Peshawar-Karachi Motorway (Multan-Sukkur Section)
  • Khuzdar-Basima Road N-30 (110 km)
  • Upgradation of D.I.Khan (Yarik) - Zhob, N-50 Phase-I (210 km)
  • KKH Thakot-Raikot N35 remaining portion (136 Km)

Following are the projects that will be launched or in under construction in Gwadar:

  • Gwadar East-Bay Expressway
  • New Gwadar International Airport
  • Construction of Breakwaters
  • Dredging of berthing areas & channels
  • Development of Free Zone
  • Necessary facilities of fresh water treatment, water supply, and distribution
  • Pak China Friendship Hospital
  • Pak-China Technical and Vocational Institute at Gwadar
  • Gwadar Smart Port City Master Plan

These projects cost a billion dollars, which will support Pakistan’s economy. And will open the doors for more developments and prosperity in Pakistan.

Few of the Major Gwadar Projects are:

Gwadar Smart Port City

The Gwadar smart port city plan has been inaugurated and it would be finalized soon. As Gwadar is going to be a business hub, so it is important to emphasize on its safety and security. The cost of Gwadar Smart city project is $4 Million.

In the recent meeting, the Development minister said:

The minister PD&R also emphasized on the safety and security aspect of the Port City. “To harness the potential of Gwadar as a transhipment hub, this government will provide secure and conducive environment here,”

Gwadar Internation Airport

The development of Pakistan’s biggest International airport has a span of 4,300 acres. The total budget for the construction of the airport is $246 Million. Both Pakistan and China are now engaged to complete all the formalities to start the construction of the airport in April this year. The soil testing has been done on the surface of the allocated land in January through 300 boreholes made on various locations. The full name of the AirPort, according to the agreement is 'New Gwadar International Airport'.

Where to Invest in Gwadar in 2019?

A question!! That every investor ask to the property agent.  In the city plan, some areas of Gwadar have become more crucial than the others. Gwadar is being developed day by day.

Below are some areas that would rise its value by 100% shortly in the future.

  • Ankara Janobi
  • Chatti Janobi
  • Chatti Shumali
  • Passo
  • Guns
  • Chib Kalmati
  • Kia Kalat
  • Darbela Shumali
  • Zairat Machhi Sharqi
  • Zairat Mahchi Gharbi

Do you want to invest in Gwadar’s Property?? Contact us for the latest updates on the Gwadar properties for sale. Or if you have any questions, comment below. We will reply to you as soon as possible.

 

 

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On October 10, 2018, Naya Pakistan Housing Program is the project initiated by the Prime Minister of Pakistan, Imran Khan with the aim to provide almost 5 million low-cost houses to homeless and low-income people of the society, this housing project with its expandability attracting the investors both local and foreigners.

In a recent meeting chaired by the Imran Khan, the Housing Authority Department informed PM that establishment of Naya Pakistan Housing Scheme is almost completed.

Mehmood ur Rashid, Punjab Minister for Housing, informed the Prime Minister that housing project would start at Renala Khurd, Chistian and Lodhran soon.

In a recent interview in Lahore, the minister said regarding the scheme that the housing scheme is being initiated in Chiniot and Sialkot.

In the meeting, all the matters appropriate to the housing scheme was discussed that includes the layout, cost of land, distance from other cities and nearby location. The minister said that 2.5 million housing units would be built up in Punjab. The inauguration of ‘Naya Pakistan Housing Scheme’ is the innovative step by the Punjab Government for the people of Punjab.

Foreign Investments on Naya Pakistan Housing Scheme

Some days ago, Chaudhry Fawad Hussain, the Federal Minister for Information and Broadcasting revealed on his official Twitter account that Egyptian investor; Naguib Sawiris offered to build 100,000 houses under Naya Pakistan Housing Scheme. As the Ora Developers owns by  Naguib Sawiris engaged with the multibillion-dollar housing scheme named ‘Eighteen’ in Islamabad which was inaugurated by two companies, Kohistan Builders and Saif Group.

Government’s Part in Naya Pakistan Housing Scheme (Loans)

The government of Pakistan, along with the banking sectors and other financial institutions negotiated to give the interest-free loans to the people who want to build the houses in the housing scheme.

The duration of the loan would be between 15- 20 years and the monthly installment of 5000-6000 per month so that the people can easily pay such payment.

Opposition Takes hit on PTI about Naya Pakistan Housing Scheme

The opposition leaders from PML-N said that PTI wasn’t providing the houses as the promised. They are pushing the people to hell.

Shahid Khaqan Abbasi and former defence minister Khawaja Asif, Ahsan Iqbal said, “People are suffering owing to the hike in gas and electricity prices.”

They also said in the interview that In the Naya Pakistan film they promised people heaven but pushed them into hell.”

While in the interview the Abbasi taunts to Imran Khan “You said that you will accumulate a revenue of Rs190 billion and that people will shower taxes after looking at you. You claimed that people trust you and you collect funds, but in the first quarter after you assumed power, the deficit rose by Rs100 billion.”

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Gwadar, the port city is attracting the real estate investors across the country towards itself after the completion of the China Pakistan Economic Door (CPEC). The Gwadar port is set to be one of the biggest ports in the world which will open the doors of development and prosperity for Pakistan. CPEC affected the real estate industry much. The real estate business in Port city, Gwadar is increasing day by day, as in the result of significant developments in the city. Gwadar is now considered to be the business hub, and local and foreign investors have the eye on it to invest. Gwadar property prices increasing manifold during the last few months – said by the Gwadar Development Authority.

Business situation in Gwadar is changing day by day as compared to the past; many people are investing in Gwadar properties now, as the investments are giving a fair ROI due to the sharp increase in land prices. Multi-billion dollar trades will happen in the future as the more investments come into being. The real fact of the sharp increase in Gwadar’s property prices is the CPEC, as the project started, different investors, stakeholders, constructions companies continued to buy lands, construct buildings and initiated housing society. For now, there are a lot of plots for sale in Gwadar and buyers have the eye on it.

Gwadar is going to be the next Dubai for Pakistan. In spite of China, different other countries are also interested in the investment in CPEC projects in Gwadar. Saudi Arabia, Russia and other countries supported Pakistan regarding the CPEC. It’s all due to Pakistan’s Geographical location importance and Gwadar’s port importance with its deep warm water throughout the year.

The CPEC project has offered the upgrades and renovation to the transportation infrastructure of Pakistan which starts from Khunjerab Pass to the Gwadar port, passes through the different provinces of Pakistan. Under the CPEC project, China has announced funding of $10.63 billion for infrastructure in different areas of Pakistan. For the construction of $ 6.1 million, "early harvest" (CPEC Roadway Project) has been allocated with the interest rate of 1.6%. Pakistan's government approves the agreement to give such interest rate and to construct road projects when the remaining plans are still in the planning phase.

Upcoming Master Plans for Gwadar

Gwadar has been blessed with many natural resources. The primary one is the deepwater port through which all the trades will happen. As China will get many advantages from the CPEC, so China is investing massive money on the different operational projects in Gwadar and other fields linked with CPEC through which Gwadar Property rates increased. Pakistan and China have spent mutually on the various plans as follows:

  • International Airport Gwadar
  • Coal Power Plant
  • Gwadar East-Bay Expressway
  • Construction of Breakwaters
  • Pak China Friendship Hospital
  • Pak-China Technical and Vocational Institute at Gwadar
  • Development of Free Zone
  • Oil refineries and petrol chemical complex
  • An atomic powerhouse of 600MW

Effect of Oil Refinery

In another significant development, China and Saudi Arabia are going to build an oil refinery at Gwadar to fulfil the country’s oil shortage and saves the billions of dollar. Recently, Saudi technical team visited Gwadar to inspect the site for the oil refinery. These refineries will produce up to 300,000 barrels per day, once completed. The effects of these oil refineries are that Pakistan will save almost $3 Billion per year.

After the arrival of Crown Prince, Muhammad Bin Salman, there is an enormous investment in the oil field. Pakistan agrees on a deal to build an oil refinery and petrochemical complex at Gwadar deep-sea port, during the first phase. Pakistan cuts its crude oil imports by up to $3 billion yearly; also, this project will provide thousands of job opportunities for the natives of Baluchistan. Different projects with budgets are being followed:

  1. Installation of two re-gasified Liquefied Petroleum Gas (RLNG) plants with an estimated cost of $4 billion
  2. $10 billion oil refinery
  3. $1 billion petrochemical complex
  4. $2 billion investment in the mineral development sector

Construction of International Airport Gwadar

The development of Pakistan’s biggest International airport has a span of 4,300 acres. The total budget for the construction of the airport is $246 Million. Both Pakistan and China are now engaged to complete all the formalities to start the construction of the airport in April this year. The soil testing has been done on the surface of the allocated land in January through 300 boreholes made on various locations. The full name of the AirPort, according to the agreement is 'New Gwadar International Airport'.

Baluchistan Government has already added the airport in Master plan of Gwadar that includes multibillion-dollar projects to convert this area into the centre of business activities.

Upcoming Turkish President in Pakistan

Turkish President, Tayyip Erdogan planned to come in Pakistan in March 2019 officially announced by Turkish General Counsel in Pakistan. Erdogan would formally invest in the visit. Turkey and Pakistan have a remarkable bond which will grow more by the passage of time. Erdogan has planned to make considerable investments in different sectors of Pakistan, which will try to stabilise Pakistan’s economy. The general counsel said that the investment could rise to $10 Billion

According to the recent interview of the general counsel of Turkey in Pakistan, he said about the CPEC that

The Turkish government was fully interested in projects under China Pakistan Economic Corridor (CPEC), adding that Turkish authorities were already in talks with Pakistan’s side for participation in these projects.