NOTE: Frequently asked questions are lists of questions and answers that are supposed to be commonly asked in a particular context and pertain to a particular topic. Kindly ignore any question or answer if it does not fit your context. It is really hard to answer all questions for all contexts.
Should I invest in property or not?
Property investment is always fruitful and cannot result in a loss if you have holding power. People have been investing in real estate for centuries. In general, property investment is called a dead investment. The minimum investment period for a residential or commercial property should not be less than 5 years. 10 years is more than enough time to get a handsome return on property investment.
Tips: Dealers / agents / builders / authorities (*Business) may highlight an investment for a short period for their own interest or benefit.
*A business (also known as an enterprise or firm) is an organization engaged in the trade of goods, services, or both to consumers. Businesses are predominant in capitalist economies, where most of them are privately owned and administered to earn profit to increase the wealth of their owners. Businesses may also be not-for-profit or state-owned. A business owned by multiple individuals may be referred to as a company, although that term also has a more precise meaning.
What is a file?
An area that has not yet been balloted, or has been balloted and is either on the ground or not on the ground, but for which possession (allowing construction to start immediately) has not been granted by the builder / developer / authority.
Tips: Prices of files may fluctuate sharply (up and down) according to market conditions. Files are usually booked on an installment plan covering the cost of land over 3 years and development charges over 3 years in most cases. Before investing in a file, one should be clear about how much holding time is required.
What is a plot?
An area for which physical possession (allowing construction to start immediately) has been granted by the builder / developer / authority.
Tips: Commonly, after balloting, dealers / agents sell or buy a file with a plot number and treat it as a “PLOT”. However, in practice, we have experienced that a developer / builder / authority can change any full and final plan for technical reasons, due to immoral practices, or to oblige someone (specifically government officials / army officials / authority officials). In such cases, plot numbers change. I think an area should only be considered a plot when possession has been granted and construction can start immediately. Any investment before possession should be treated as a “FILE”.
Plots with physical possession are more stable in different market conditions compared to files or plot files, which show more fluctuation (up and down). Plot files are files that have been balloted and assigned plot numbers, but for which possession has still not been granted by the builder / developer / authority for living purposes.
What is a society?
Answer: A society can be defined as an area with urban planning and the following amenities / facilities for residential and commercial purposes:
Basic Amenities / Facilities:
- Electricity
- Water
- Gas
- Sewerage
- Road Network
- Commercial Area
Advanced Amenities / Facilities:
- Parks
- Play Area
- Hospital
- School
- Any other features like a golf course, club, gated area, in-house security, etc.
There are three types of society developments in Lahore:
- Developed / operated by an authority, such as the Lahore Development Authority (LDA) (Faisal Town Lahore, Garden Town Lahore, LDA Avenue 1 Lahore, Johar Town Lahore, Allama Iqbal Town Lahore, etc.) or Defence Housing Authority (DHA).
- Developed / operated by a cooperative body (Wapda Town Lahore, NFC Lahore, Model Town Lahore, etc.).
- Developed / operated by a private company (Bahria Town projects, Urban Developers projects, Izhar Monnoo Developers projects, etc.).
Tips: Lahore Development Authority (LDA) is the prime developer and true master planner of Lahore. The Lahore Development Authority was created under the LDA Act 1975, duly approved by the Punjab Legislative Assembly. Previously, it was the Lahore Improvement Trust (LIT).
Defence Housing Authority (DHA) is a parallel authority in Lahore’s cantonment area and has delivered A-class housing and commercial projects with state-of-the-art developments and facilities.
Cooperative bodies like Wapda Town, NFC Lahore, UET, and many others have also contributed to providing the best living standards for the ordinary person at a low cost.
Private builders / urban planners like Bahria Town, Urban Developers, Eden Builders, and many others have also delivered state-of-the-art developments and facilities in Lahore.
How do I verify a society?
After selecting the desired area of the city where you want to live or invest, the next step is “How do I verify a society?”
Before investing in / buying a plot / home / commercial property in any society, you have to consider the following:
- Is the housing society registered with the Securities & Exchange Commission of Pakistan (SECP) or the Cooperative Department?
- Has the society’s land been transferred to the society’s name in the revenue record?
- Does the housing society have a valid NOC from the local development authority (LDA / CDA / GDA / MDA / FDA) as per the approved map?
- Has the housing society made arrangements for development work like water, gas, electricity, sewerage, etc., on site?
Tips: Pre-launch bookings are strongly discouraged. You must wait for the official launch of booking, publicly advertised in major newspapers, with a confirmed location, booking schedule, installment time frame, and tentative time for possession (year of possession).
Before investing in any project, you must keep an eye on newspaper warning ads issued by local authorities against unapproved projects. Usually, these local authorities have lists of approved housing societies as well as unapproved housing schemes. You may also visit the local authority’s office and verify the scheme before investing.
A marketing company / affiliate / agent may highlight a project they are dealing with for their own interest.
What is balloting?
The term balloting was generally used for assigning plot numbers to allottees in a particular project in Pakistan’s real estate market. In general, ballot means “decide the allocation of (something) to applicants by drawing lots”. There are now generally two types of ballots in Pakistan’s real estate market:
- Booking Ballot
- A booking ballot is held when a project is offered on an installment plan, people apply for booking, and a ballot determines the successful and unsuccessful applicants.
- Plot Ballot
- A plot number ballot is a draw in which numbers are allocated to each allottee against their file. In other words, a map is issued with plot numbers.
Tips: Nowadays, people are often trapped in the name of balloting by agents / developers / builders / authorities. Before booking in any project, it is recommended to ask the agent / developer / builder / authority whether the booking will be confirmed or subject to a booking ballot, and when the plot ballot will be held.
Which location is best?
Usually, in the market, park-facing, main boulevard or boulevard, corner, and locations near amenities are called good locations. However, in fact, a good location is whatever you can buy within your budget.
What are short-term and long-term investments?
People often ask, “Is it a long-term investment or a short-term investment?” In general, most people perceive an investment that will give a return in a short time as a short-term investment, and an investment that will give a return over a long period as a long-term investment. However, an investment’s gain does not determine whether it is called short-term or long-term.
An investment time frame can be defined by its delivery period rather than its gain. A project that is going to be delivered in the next 1 or 2 years can be treated as a short-term investment, whereas a project that is going to be delivered in 2 years or more will be a mid-term or long-term investment, depending on the time frame.
Prices for any investment can rise for several reasons, so the primary criterion for measuring an investment’s time frame should be its delivery. The next important factor is the pace of occupancy. If a project is located far away and is being delivered by the developer / builder / authority within a short or medium time frame, we must analyze how long it will take to become occupied. This is also a very important factor in understanding an investment. If the pace of occupancy is fast, prices will rise with consistent growth. If the occupancy rate is slow, prices may come down or remain stable. This will vary from project to project and situation to situation.
Tips: Always ask your agent about the project’s delivery time, or contact the builder / developer / authority for this information.
What is the difference between allocation and affidavit files?
Affidavit files are agreements between a landholder and DHA. When a landholder surrenders their land in favor of DHA, DHA issues affidavit files in their favor. Usually, the proportion is 2 files of 1 Kanal against 1 Acre of land. DHA gives the landholder the benefit of having the seller’s name written on the affidavit file while leaving the purchaser’s name blank. In other words, you can say it is an open file. The landholder has the opportunity to fill in the buyer’s name in the buyer field, submit it to DHA, and attach a transfer fee voucher (paid by the buyer). DHA then transfers it to the buyer’s name. The affidavit file is now submitted back to DHA. DHA issues an intimation letter to inform the buyer that the file has been transferred to their name. The buyer now needs to become a member of DHA. The buyer submits the membership fee to DHA, and DHA issues an allocation letter to the buyer in due course.
It now becomes an allocation letter. It will now be transferred like a plot: an NDC will be applied for, and all government taxes, such as Stamp Duty, CVT, Advance Tax on Sale, Advance Tax on Purchase, and the DHA transfer fee, etc., will be applicable. Once it becomes an allocation, all transfer charges will be applicable to every subsequent transfer. So, you can say that files are usually affidavits first and then become allocations. However, in the case of direct allotment, such as through booking or to army personnel, it is directly an allocation file. All transfer fees and charges are applicable even on the first transfer because it is a direct allocation.
- The affidavit file transfer fee varies between 6500 and 20000 for normal and urgent transfers, respectively. The purchaser is not charged any CVT, Stamp Duty, or Advance Tax. An affidavit file can be transferred without the seller and buyer being present at the DHA office. However, the buyer must be present to collect the allocation letter.
- The allocation file transfer fee is charged as for a regular plot, including the full DHA transfer fee, Advance Tax on Purchase, Capital Value Tax (CVT), Stamp Duty, and any other government charges. For allocation files, the seller and buyer must be present at the DHA office, except for Overseas Buyer Transfer or On Behalf of Buyer Transfer in the case of DHA Bahawalpur. However, the buyer must be present to collect the allocation letter.
- Affidavit file rates are higher than allocation file rates due to the difference in transfer fees.
- Affidavit files can be transferred within 3 to 4 days, whereas allocation files require an NDC and take 7 to 10 days to transfer.
An affidavit is an advantage for a landholder who surrenders their land for a DHA project. Both affidavit and allocation files are issued by DHA and are equally secure, as the issuing authority is Defence Housing Authority.
When will balloting be held, development start and finish, and possession be given?
This is the most common question investors ask agents / dealers after booking a plot / home / commercial property in any relevant society. Usually, to satisfy their clients, agents / dealers answer this question to the best of their knowledge (knowledge is always limited to some extent). Agents / dealers communicate with the relevant society’s front-end management officials or Customer Relationship Officers (CROs), who are usually not aware of the ballot date / development schedule / development status / development completion time. As a result, investors become dissatisfied due to inconsistent or bogus information.
Tips: Always contact the builder / developer / authority directly to get the right answers to queries about the ballot date / development status / completion of development, etc. Only the builder / developer / authority can provide the best answer to these questions. Only they can give exact or estimated dates for balloting / the start and completion of development / possession, etc.
How much holding time is required for an investment?
This is a commonly asked question from local as well as overseas investors. There is no set standard for defining the time frame of property investment. It varies from project to project and according to the stage of the project. However, generally, we should have the following time frames in mind for property investment after buying a plot / home / commercial property to get some return.
- Minimum: 1 year
- Reasonable: 3 years
- Sufficient: 5 years
- Enough: 10 years
- More than enough: 15 years
15 years is more than enough to hold a property to get the maximum return at a specific growth rate. Mature projects have slow but stable and secure growth, whereas underdeveloped or newly developed projects have faster growth rates but are riskier if the market drops.
Tips: Before making any investment, you must be clear about your holding time. Do not make any investment with an unclear holding time. In property, the holder is the winner. If you have holding capacity, you are in a win-win position. Consult your agent about your holding time. Do not invest in property if you cannot hold it for a minimum of 1 year; otherwise, you must keep in touch with daily market trends. If you have enough time to do so, then think about an investment of less than 1 year; otherwise, leave that option. If you are booking a plot or home, you must be able to hold it until possession. A pre-possession sale may result in a loss. If you cannot pay the installments, please do not book.
Which investment is better: residential or commercial?
Definitely, commercial investment has a higher return in terms of value as well as rental income compared to residential investment. Residential investments are for personal living or individual use, and commercial investments are for business or earnings.
Tips: Before making an investment decision about residential or commercial property, first decide the following:
- Are you going to use this investment for both purposes (residential and commercial)?
- What is the population size of the area, specifically for commercial investment?
- What amenities / facilities are available in the society for residential purposes?
Which investment is better: cash payment or an installment package?
Again, I do not have a one-line answer to this question. No one else can answer this question; only the individual can answer it for themselves, keeping the following factors in view:
- Is your decision purely for investment purposes to get some return?
- Are you going to use this property for your own residence or business purposes?
- When do you need to construct a home or building (after how many years)?
- Can you easily pay installments on time when they are due?
- Are you ready to wait until the project is developed and possession is granted?
Tips: Do not book a plot or home if you are not able to pay for it in full or cannot wait until possession is granted. Investment may be risky and result in a loss if sold prematurely (the builder or agents / dealers are in a “win-win” position in this case; the only loser can be the investor).
Should I contact more than one agent / dealer before making selling / buying decisions?
Yes, you should not rely on a single source of information. You should consult more than 5 agents or dealers before making any final decision about selling or buying properties.
Tips: You can use various online portals to find agents or dealers in different areas or societies in Lahore. It is better to contact agents or dealers who have offices in the relevant area or society. Dealers or agents based outside your desired area or society may have less information or non-competitive rates compared to dealers or agents based in the same area.
What are the commission charges of agents / dealers for a sale, purchase, or rental deal?
Commonly, it was 2% from both sides (seller and buyer), but due to intense competition in the market, agents / dealers accept 1% or an amount based on mutual understanding / agreement between the agents / dealers and sellers / buyers. In rental cases, it is half of one month’s rent, as agreed or mutually understood between the agents / dealers and the tenant / landlord.
What is the price of a plot or home (in any specified area, such as 5 Marla or 10 Marla) in Lahore?
Lahore is too big; it is really hard to answer this question in a few words or lines. For example, a 5 Marla residential plot is available in Lahore at prices ranging from 2 lacs to 70–80 lacs.
Dealers or agents will only highlight the area / society they are dealing with or where they can have more benefit or interest.
Tips: Before going into the market for research, first decide your preferred area or society, then research market rates.
Where should I invest in Lahore (or my relevant city), and which society is best for investment or living?
This is the most common question asked by local as well as overseas Pakistanis, and it is very difficult to answer without knowing some basic information. In general, every area of Lahore is best for living and investment according to someone’s preferences. People are living in every corner of Lahore. Dealers or agents will only highlight the area / society they are dealing with or where they can have more benefit or interest.
Tips: Only the individual (buyer) can decide the most suitable area for living in Lahore, keeping in mind their budget, location priority, children’s education, earning / business location, other family members’ locations, or any specific priority (which can only be defined by the individual).
Questions & Answers by a Mufti at Darul Uloom in Karachi
- Can I sell my flat, which I booked by making a down payment, when I have not taken possession and no construction has started on site?
- Can I sell any property for which I have paid Biana, but which has not been transferred to my name and of which I have not taken possession?
- Can I sell a plot in an underdeveloped society that I have booked and made some payment for, but for which a plot number has not been allotted?
Please download the following Fatwa for the answers to the questions asked above.
Property Fatwa about Sale Purchase of Installment Plots Homes Flats
Mufti Tariq Masood explaninig the Selling & Buying of booking forms:
Also read:
File Estate vs Plot Estate vs Real Estate: Understanding the Difference | eProperty®
Excellent list of real estate blogs to reference, they all do an amazing job. Great article!
There are so many blog i read right know but any one of them satisfy me but this one is so informative blog …
Such a great information. This is really very helpful for bloggers
Any plot for sale in Mufti State Gujranwala and Wapda city Gujranwala (10 marla)
Dear Sultan Bhai,
We are only dealing with DHA Gujranwala
Great News For LDA City Lahore member, finally DG Director announced balloting date 30th November 2020 by News Funnel. Hopefully, LDA City Lahore Balloting is going to be held on 30th November 2020.
assalm o alikum atif bhai hope you are fine kindly tell me that my friend purchase plot on cash in society and on alottment letter no number mention although number givren to him at the time of purchasing but now not mention so tell me that if purchasing on cash so plot number mentioned on alottment letter or not
Dear Muhammad Faizan Bhai,
We only deal with DHA Projects.
I bought an open file of Faisal Town, The installment plan was ending in 2019. However I was unable to pay the installments on time and the plot has been transferred to someone else. But they did not inform me earlier and they said I need to pay surcharge 3 lac rupees to restore it , and few months later they said its 6 lac, well I paid 6 lac surcharge plus the remaining payment of the plot. But now they are saying that plot has already transferred to someone else. And they are saying that I need to pay 11 lacs more surcharge in order to get replacement plot. Now my question is can I legally ask them to refund my payment which is already paid to them inclusive 6 lac surcharge. ?
Majid Malik
Dear Majid Malik Bhai,
You need to consult a lawyer regarding this issue.
What’s the final
Status Brother As I am
Going through the same issue .
Salam atif bhai!
My mother entered in a plot ballot held by KDA and she was assigned a plot and she had submitted all the installments (chalans) but we have’nt take its possession yet so would it considered a plot or plot file?
Dear Syed Wasay Ali Bhai,
If the area is in possession then it is plot, other wise you may call it plot file becuase number is allotted. Usually in market two terms are used as file or plot. Once number allotted it is called as plot. But we can further calssify it as:
File (not balloted)
Plot File (ballot and number allotted, uder developmnent or not)
Plot (possession is granted by builder, developer or authority for immidiate constrction)
For how long a society /CDA can hold the plot worth lhr giving possession ,can we take any legal action against the society of the plot is still not ready for possession after 5 year of allotment ( plot number was allotted In Jan 2016 ..
Dear Shefar Bhai,
Please consult a lawyer for further assistance
AOA,
Atif bhai lda city mein 5 marly ka plot kitny ka mily ga. and secondly plot ki file ko kese check krna hta ha i mean fake na ho and each and everything clear ho bcz registiry ka mjy experience ha but files ka ni.
Dear Awais Bhai,
You can get details from LDA City Office. For current rate update please contact Atif Iqbal at +923218469951
Assalam Alaikum
What is the difference in buying an army or civil plot in dha?
Dear Sir,
In case of buying an Army plot, we must check that seller valid NOC from GHQ. Also in Army plots development installment start at the time of allotment to Army Person. Where as it may possible that at the same yet development charges not announed for Civil plots. So in this case we have to pay updated development charges till date for Army Plots.
Assalamoalaikum
I bought a plot worth Rs: 5.0 million a couple of year back on booking in a housing society. I’m paying in monthly installments and have paid around Rs: 1.0 million as yet. The property value has already doubled or even more. My income is salary-based. Kindly let me know how do I file it in my IT Returns?
Dear Tas Shaikh Bhai,
Please contact Tax Lawyer for further assistance
Salaam im wondering did you buy plot and develop on it and build property yourself? what do you do after buying plot in a housing society? many thanks
Dear Sir,
We are offering construction services for clients but currently we are not offering our own constructed properties. We are only offer buying and selling services for plots, commercials, apartment, offices, shops etc.
REAL ESTATE CONSULTANCY IS A GOOD BUSSINESS
Aoa can you please tell us your preference in investing for 5M for in the following places:
1- DHA 9 Town E Block
2- DHA 8 Z block fully paid
3- DHA 9 Prism J block up and clear area
Regards,
Safia
Dear Sisrer Safia,
It depends on your budget. But in location access DHA Phase 9 Prism is Sector J upper area will be better choice.
Salam,
I have around 50 lakhs in the bank which i am thinking of investing into property however need some advice. Which area in lahore will give best gains in next 2-3 years? Its for a safe investment with maximum return.
Thank you,
Aziz
Daer Aziz Bhai,
DHA Phase 9 Prism will be the best buy in this budget, you can buy 5 Marla plot in this price range.
Thank you brother which block to target? And when they gonna give possession for that block?
Dear Aziz,
Selection of Sector will depend on your budget. Partial possession is expecetd in next year. All three Sectos J, K and R are good.
Any Information about Al-Kabir town phase II.I bought a 5 Marla file in umer block.
Dear Ali Hairder Bhai,
We are not dealing with Al-Kabir Town
Thanks admin for sharing this informative post.
Kindly share your assessments of lda city. I have a budget of 25 lacs do you think its good to put in this scheme? After how long will be possession and how much growth there is expected in a few years?
Dear Kamnal Bhai,
LDA City is located at good location and have 3 ring road interchanges. It has birght future, porject is under development phase and may take 3 to 5 years for partial possession. In 25 lacs you can buy a good location plot of 5 Malra. 5 Malra price vary between 16 to 30 lacs as per location.
dear Sir
I booked a flat in karachi in august 2018 i used to submit all instalments due to COVD 19 I could not submit my instalments from March Now builder say me you have to pay all instalment which I cant . Sir I want to sale it can I do because I cant afford
Abdul Rasheed Soomro Bhai,
Please contact any local area agent for further assistance.
A great article, it is informative yet brief about it
This website is a very good website having all the good features. All the projects which you have declared here are valuable.
Great website. Kindly advise about DHA lahore phase 7 block V. I bought a plot in the non possession area 1.5 years ago and all the dealers were saying possesion will be ready in a year. But until now no news. Do you have any information about when all of block V will have possession and what’s the issue? Should i hold or sell? Thank you.
Dear Malik Bhai,
There are some issues of land in Sector V DHA Phase 7. You are two choices either wait for possession in the same location or ask DHA to allot you alternative of this location. It is now time for DHA Phase 7.
Dear Atif Sahib .You have displayed a lot of basic information about property on your website.Its really different.Allah may bless you for this.I have a querry.please comment basing on your experience .It is off course not official.
I had purchased DHA Islamabad Ph 4, two residential 1 kanal army officers allocation files in 2016 42 lac each .till date the DHAI is unable to allot my plot number and block etc.
What is the future of these files please?
Any advice ?
Dear Abdullah Bhai,
Thank you for valued feedback. Are you talking about DHA Phase 2 Ext? We are directly not delaing with DHA Islamabad and Karachi.
Dear Iqbal Bhai,
Is there any possible merger plan of DHA Peshawar and Sheikh Yaseen town?, as the latter being small area vise, shares boundaries with the former, almost 3 sides. I mean, is it possible, that the officials of both the organisations come to mutual terms of coalesce.
Thanks.
Dear Hasnain Bhai,
We dont have any update about it nor any official statement for this. Please contact DHA Peshawar for any further assistance.
Where you advise to buying cheap comericial land for small plaza in lahore?
Dear Javaid Bhai,
We deal with DHAs Projects mainly in Lahore. You need a budget of Rs. 20 million approx minimum for commercial in DHA Lahore.
Most commercial plots are worth 5 crore+ which is very much costly for the normal man. Where is good and not expensive small 4 or 5 marla commercial plots available?
Dear Aaron Bhai,
In case of DHA most of commercial plots are expensive but you may get low budget commercial plots in other housing schemes.
Investing in property, especially commercial plot are indeed a good investment.
In fact Commercial Properties give better returns
If there is a housing society and it’s NDC (No Demand Certificate) is closed.. Do malir cantonment board has the authority to pass it’s map
Dear Shamir Khan Bhai,
We deal with DHA Only, please contact Malir Cantonment Board directly.
I have 10 marla plot in Central Park Housing Society Lahore near Kahna area. I received letter from them regarding services charges of vacant plot which they have implemented from july 2019. Is it legal to implement such charged without informing in advance. charges are monthly and in the name of security and non construction of plots. please guide.
Dear Imtiaz Ahmed Khan Bhai,
Societies charge Maintenance, Security, Non Construction Charges. We are not delaing with Central Park Society have no idea about their non construction period.
What about jublee town for investment? For 5M or 7 M is it good? Some people saying it could be the next johat town.
Dear Sister Nazia,
For LDA we are only dealing with LDA City project.
Sir i have purchased land in july 2018 ..now i want to sale it .. but my friend told me that if you resale before 2 year you have to pay heavy tax …. Please suggest me in this matter.. please as soon as possible.
Dear Sister Sehar,
You have to pay tax on sale, which is called advance tax on sale 236C. Now you have to pay this tax in advance at the time of sale if you sell up to 5 years. If you are selling after 5 years and up to 8 years you don’t need to pay advance tax at the time of sale but have to pay gain tax on file return. If you are selling after 8 years then it is exempted.
Really informative post. Some really basic and important questions you have stated here. These are frequently asked questions and some are those that I didn’t have any idea about
If I have completely paid off my installments for a plot, but the possession has yet not been given by the society, what value should I state for this asset in my wealth tax statement – the amount that I have paid or the current market value?
Dear Hasnain Bhai,
Please contact Tax Consultant for further assistance.
Dear Atif Iqbal,
What is the development progress of DHA Gujranwala. I bought a 1 Kanal file a year ago in Rs 49 lac. The file is still on his name, Did not transfer it at that time. Now i called DHA Gujranwala Office and registered dealers to know the current rates and they are telling that the rate of 1 kanal allocation file is around 44 to 45 lacs with transfer charges. Please suggest the appropriate time to sell the file and cover my loss.
Regards,
Hamza Saleem
Dear Hamza Saleem Bhai,
Due to overall market depression property prices came down. Development work for DHA Gujranwala going on, Main Gate Gray Structure is ready now. I will not suggest you to sell this.
I think that prism phase 9 value will decrease/ remain stable in the coming year and best time to invest 5 million rupees there will be in around 2 years. Then it will give gains after 5 years. Is this analysis correct?
Dear Kamran Bhai,
Well it is very much depending overall economic situation. Market may take time to recover. It is not specific to Phase 9 Prism, overall market is under depression.
What do you make of Dha phase 7 lahore for a short 2-3 year investment time frame? Is it the best option to go for right now considering a budget of around 60-70 lakh?
Dear Sister Rabia,
DHA Phase 7 is good for construction now. For 10 marla it is good buying.
Downtown or ramada lahore better for rental income?
Dear Sir,
DownTown will be a better choice as compare to Ramada in terms of location. Due to its prime location we are expecting more rental yeiled for DownTown. Also DownTown is fully furnished by Wingchair.
Yes but didn’t it said that ramada is give 10% rent yeild but downtown is only 7% guaranteed yeild?
Dear Zubair Bhai,
Is Ramada offering net 7%? Also in DownTown you are not bound to give them for rent, you are allowed to rent yourself and get a better yield. There is no binding. Ramada is not fully furnished, DownTown is fully furnished by Wingchair. Also DownTown location is very prime and can use for offices cum residence.
Aslam o Alikum
I want to buy a file of Al kabir town in lahore near raiwind road.
Plz guied me because this is my 1st time
Dear Salman Bhai,
We only deal with DHA Lahore, Peshawar, Quetta, Multan, Gujranwala, Bahawalpur, LDA City Lahore and Naval Anchorage Gwadar
I heard the dha multan 1 kanal files that are selling for less than 50 lakh now will be worth more than 1-1.5 crore in around only 2 years time after possession and people start living etc. Is that true? If yes, it means it will be a better buy than dha guj right now?
Dear Umair Bhai,
Its look hard to reach upto 1 or 1.5 cror in next 2 years but definite with the passage of time it price will go up. I will suggest DHA Gujranwala over Multan.
Dear Atif Bhai,
I am looking for 1 kanal boulevard/ main boulevard or corner plot (ideally with extra land) in DHA bahawalpur, if you got some option please let me know.
Dear Rizwan Bhai,
Please send message to WhatsApp hotline at:
https://wa.me/923111042111
Due to recent gov policies im predicting plot trading to be very down. So im thinking to invest in any apartments or the like. Whats the best developing project or apartments project to invest in now? Jazakallah.
Dear Rashid Bhai,
Its your own choice, you may get capital gain on small investments like, DHA Quetta, DHA Multan, DHA Gujranwala & DHA Bahawalpur etc. Or for monthly rental income you can go for apartment.
Do You know of any good apartment projects happening?
Dear Safia,
Please contact us at our whatsapp hotline https://wa.me/923111042111
Dha guj or dha multan a better investment for long term?
Dear Sister Saima,
You should choose DHA Gujranwala now
Why is guj better than multan right now?
Dear Sohail Bhai,
After ballot DHA Multan development charges will be started, further investment will be required. However Multan will be also good for next 3 years holding time.
Which block is best for capital gains for 5 marla plots in phase 9?
Dear Wahab Bhai,
It vary as per budget, budget is not issue buy in Sector & K for low budget and good return go for upper cutting of Sector J.
What do you mean by upper cutting of block J? Is it on the side next to the graveyard or opposite side?
Dear Sir,
If you look at J block it has 3 portions in vertical direction, I am talking about the upper cutting portion which is near to interchange.
Aoa pls update me about declaration of property especially for plot on instalments ( file ) ? Tax will b on actual total cost for a file or the amount we have paid to society like a gulberg etc
Regards
Dear Amir Ishaq Bhai,
It is payable on upto date paid amount.
Hello Sir, There are plots in DHA multan 5 marla on Cash , they say NOC is ready, what is that means. Can you explain.
Dear Wasim Bhai,
It mean it is ready to transfer. 5 Marla ready to transfer available at 21 lacs
So what is the difference between the one on Installment or the one on Cash. After balloting both will be same status and what is the own of 5 marla Installment and is this the right time to purchase or after balloting it is better to purchase.
Dear Wasim Bhai,
No difference at all, other then the payment plan. If you want to try luck for location then you can buy now, it you want to buy a confirm good location plot for next 3 to 5 years holding then buy after ballot even you have to pay premium to buy a good location.
Dear sir please advise for investment purposes in Lahore with a budget of 50-55 lakhs. What’s the best place to put that money?
Dear Munir Bhai,
DHA Phase 9 Prism
DHA Phase 9 Town
Jazakallah. What about same budget in Karachi?
Dear Munir Bhai,
We are not dealing in Karachi at the moment
Please If you have money spend it on a bussiness and creat jobs for people. Don´t make it impossible to live in pakistan by buying and keeping the land unused. it is called zajeera andoozy.
Dear MAnzoor Bhai,
Yes Govt. should regulate Real Estate Sector.
Best place to invest in Gwadar that’s good according to you?
Dear Sikandar Bhai,
Buy areas near to Gwadar City only and having valid NOC from GDA.
Dear brother What do you think about investment in plots in Gwadar? There is a new project Green Palms the plots are very good price. You think it is a good investment or too risky?
Dear Jutt Bhai,
Project is located at Main Coastal Highway, and approx 27 KM away from New Town Monument which is called city center now a day. Development work at site is going on, this may take some years to be occupied. For long term holding it will be a good project.
Dear Atif bhai,
I have a plot in LDA Avenue block C. It’s 1 kanal and it’s value is still the same since I purchased it! I bought it many years ago but there’s still some issue I don’t understand and it’s not increasing At all. Do you think I should sell it or will it increase in future? Because last 10 years it’s not increasing which is very surprising to me.
Thank you.
Dear Haris Bhai,
I am not sure about location of your project, but in fact prices has grown in LDA Avenue 1. May be you bought at peak time, and then market came down. Can you please tell me what offer you are getting today for your plot?
Atif bhai,
It’s plot number 523A and it’s one kanal. I’m only getting an offer of around 70 when i bought it for almost the same price 10 years ago! How’s this possible? Thank you.
Dear Haris Bhai,
I am not directly dealing with LDA Avenue 1, that’s why not updated with the rate history. But I remember from 2013 to 2014 price was high for 1 Kanal plot in LDA Avenue 1. However if you are interested to sell it, kindly send message to our whatsapp hotline at https://wa.me/923111042111
I am slightly concerned for other people reading this forum’s sake. I dont understand how you can recommend Lda city to everyone when Lda avenue turned out to be a terrible investment for anyone unlucky to invest there like me many years ago! You tell me atif bhai had I invested this much money (70 lakh more than 10 years ago was worth so much even more than now) for a 1 kanal plot anywhere else in the whole world not just lahore i would have been very happy by now. Only Lda avenue is worthless so I hope all these people you are recommending investing in Lda city don’t end up very disappointed like me.
Dear Haris Bhai,
Everyone has different experience with property. Person investing today in LDA Avenue is happy to invest due to possession area. LDA is the actual master planner of Lahore and has various successful project in timeline. Yes there were / are some issues with LDA. But now LDA has improved a lot. LDA City Investment is recommend for next 3 to 5 years holding time.
Dear Atif Bhai,
I’m looking to buy a plot/file in Lahore around 5/M – 10/M within a budget of 2.5 Million for a investment or property purpose. I can hold this investment atleast 5 years.
Please suggests me best options to invest in Lahore. My interest goes towards LDA city but bit confused.
Jazak Allah.
Regards,
Faysal
Dear Faysal Chaudhry Bhai,
In this budget LDA City suit you. You can buy it. Please use our WhatsApp Hotline for details https://wa.me/923111042111
Salam aleikum.
I was asked by an agent whether for to buy a 10 marla plot file using the affidavit or allocation. By my understanding i think allocation seems safer as it involves me physically being there to see what’s going on. What do you recommend I should do and is there any major difference?
Dear Sultan Bhai,
Yes allocation is safer. Although affidavit is also safe but if you agent cheat with you then you may be in trouble while buying affidavit file. However if you are buying affidavit through a registered agent then you are in safe hands.
Hello sir What do you think about DHA phase 9 in Lahore? Is it good for investment? Because it took 13 years for balloting but now all the issues are settled. Is it a good time to buy it or will there be further issues in future?
Dear Rauf Bhai,
Yes, DHA Phase 9 Prism is investment for future living.
Hello sir what do you think about state life phase 2 in Lahore? I have a plot there it’s value is not increasing since last 1 or 2 years. Do you think it will increase in coming years or I sell it now?
Dear Rauf Bhai,
Although it took a lot of time and still not clear when it will be available for house construction, so far no development at all.
In my opinion seller should hold it.
Sir what do you think about DHA phase 9 in Lahore? They took 13 years for balloting but now all the issues are settled. Do you think it’s good time to buy a plot there for investment or will there be further issues in future? Thank you.
Dear Salam Bhai,
For investment cum living DHA Phase 9 is good buy now.
Hello sir just wanted your opinion on whether to buy a 10 marla plot file in DHA bhawlpur or DHA gujrawala? Which one according to you will offer better returns in the long term? Also is now a good time to buy them or do you think the price will decrease further in the coming months?
Thank you so much for your time.
Dear Sulaiman Bhai,
DHA Gujranwala 10 Marla will be a better choice then DHA Bhmahawalpur in long term.
What is the future of LDA City, Lahore? Should we purchase file or plot there?
Dear Zahid Bhai,
LDA City is under developed project and this is long term investment. You may invest in LDA City considering 3 to 5 years holding time.
My parents pass away ! i made FRC i need to make house in my name since i have death certificate of my father my mother death certificate and house paper works miss place in US, now tell me what to do to make it easy thank you.
Karachi North Nazimabad area house
Dear Nisar A Malik Bhai,
You need to contact at project office for details.
atif bhai, what is your experience about CBR Housing Scheme Phase-II near new intl air port, fateh jung. is it good for investment?
Dear Waqar Ahmed Bhai,
I am not updated with the project but if it is in locality of New Airport then it has a good future, not sure about development standard or design layout of the society.
I need 5 or 10 marla what is procedure residential ?
Dear Khatak Bhai,
Please mention project name
Assalam o Alaikum sir
Dr mudassar nazar from Lahore here.
Sir I want to discuss an important issue with You.
Sir model housing scheme Lahore mai Aik practice chal rahi hai, 5 aur 3 marla ki files developers aur Estate agents market rate sy 50 thousands extra py jama kr rhy hain aur 2 months ka cheque dy dety hain. Loog market sy files purchase kr k immediately 50 thousands profit aur 2 months time py jama kra dety hain, Sir ye practice kesi hai? Religious point sy jaiz hai ya nahi?
Urs guidance is required?
Ya kisi ka bta den
Thanks
Dear Mudassar Nazar Bhai,
I am not an Aalim or Mufti you may please contact any Aalim or Mufti for correct information.
Sir Plz tell me contact no of some other person from whom I can get guidance.
I have mentioned it in my previous msg to inform me about someone
Thanks
Dear Mudassar Nazar Bhai,
You may contact:
https://www.jamiaashrafia.org/
http://www.darululoomkarachi.edu.pk/
http://www.kulyatushariah.edu.pk/
and various other Dar ul Alooms.
dear atif sb can u please tell if we pay stamp duty and cvt and advance tax on FBR value . even then we have to pay 3 % difference tax. can we pay these taxes on Actual purchase price
Dear Sheheryar Bhai,
You pay Stamp Duty and CVT on DC value where as you pay Advance Tax on Purchase at FBR value. So pay 3% tax called 236 W on the difference of amount between FBR and DC value. If you pay Stamp Duty and CVT on same FBR value then you dont need to pay 236 W the difference of FBR and DC value. But it will cost you more if you pay the CVT and Stamp duty that is 5% on the FBR value, so it is recommended to pay 236 W as 3%, it will cost you less.
Salam Atif Bhai,
I made booking of 10 Marla file in professional cooperative housing society Lahore 1 year ago and paying the installments regularly still no development and balloting now I was interested in DHA bahawalpur after sale the file, would it be better decisions or should I keep hold the file. you guide is required in this regard.
Dear Ali Bhai,
I am not aware of Professional Cooperative Housing Society in Lahore. DHA Bahawalpur is definite a good investment I am sure about it.
Atif Bahi,
I have a question about balloting system which will be used in DHA multan, how we can consider its wise and clear I.T system and not biased, and it will select ramdon entries not predefine.
Dear Sir,
Only DHA can tell about system. Please contact DHA Multan for any further assistance.
I am overseas British Pakistani – I am interested in buying plot in Lahore but am first time investor. What advice can you give me. Is it good time to buy? Is it safe? Should i buy file or property? Where should I buy? I want to sell in 5-10 years for maximum return.
Dear Shafiq Bhai,
For new Entry DHA is best. You may visit DHA Lahore project here
https://eproperty.pk/lahore/dha/
THE GWADAR CENTRAL
is located in the centre of Gwadar.
“A” category NOC 24/05/HS/GDA By Gwadar Development Authourity.
EFU life insurance will pay back your rest of installments in case of accidental case.
Pre Launch 2 Years Monthly easy Installmen. Confirm booking. Best investment for future
Please contact for detail information, location Map and Booking details for this Project.
ZAHID MAHMOOD
Dear Zahid Bhai,
Please share your experience with Gwadar Central at:
https://eproperty.pk/gwadar/gwadar-central/
Jazakallah bhai
Dear atif bhai, please update revised DC value & taxes of 5 marla plot, DHA p prism, J Block, Lahore. And also future of DHA 9 Prism ?
Dear Sir,
DHA Phase 9 Prism future is bight in long term. There are two types of list are available in the market. One is called DC Rates and other is called FBR Rates.
DC value of Phase 9 Prism 5 Marla is 750,000 (1 Kanal DC Rate is 3,000,000)
FBR value of Phase 9 Prism 5 Marla is 1,125,000 (1 Kanal FB Rate is 4,500,000)
People are paying Stamp Duties and CVT as per DC value. FBR & Advance Income Tax is being paid as per FBR value. However DHA is still getting under taking from Buyer if Govt. impose any further taxes or CVT & Stamp Duty also need to pay as per FBR value.
Respected Atif Bhai, Will u please evaluate the minimum price of DHA 9 Prism J Block Plot No. 2391 for purchasing purpose. if 04 installment has been paid. please guide brother.
Dear Sir,
DHA Phase 9 Prism Sector J Plot # 2391 market value is 32 lacs with 4 installment paid
I have green file in city housing faisalabad and plotting starts 1st august can you tell me the complete process if i have to pay additional fee when chosing a plot number besides the agreed payment ?
Will some one at helm affairs will kindly let me know the latest status and fate of DHA City Lahore, as I have paid the price of 5 marla plot,received the allocation letter but no plot.kindly advice what to do?
Dear Nazir Ahmed Bhai,
DHA City Lahore is under litigation and NAB is investigating, transfer is stop by DHA Lahore. If you already have it you can hold it. New buying is not recommended at all till situation clear.
AoA sir,
i want to invest 5million in real estate for 2 years . where should i invest so that i can earn maximum return?
jazakAllah
Dear Atif Bhai,
I have few questions where i am now double minded. My questions are as below;
1) Since 2008 i am working outside Pakistan and didn’t pay any tax to FBR but i have NTN number previously. Will i be considered as filer or non-filer.
2) I bought one kanal plot in 2008 by paying CVT, Stamp duty etc at the rates of that time. As the revised tax is applicable from 2006. Do i have to pay any taxes for this plot as the tax rates are changed now?
3) Lets say i bought one plot in 2013 on 4 years installments having total price of 150lac. And i sold this plot in 2016 by 100lac. On what amount i have to pay CGT.
Thanks a lot in advance for your help.
Regards,
Dear Ali Khan Bhai,
1- You will be an inactive filer, it mean you cannot claim any benefit for filer
2- Not at all. You dont need to pay any thing
3- The frame work is not clear about it on which amount tax will be paid. Soon things will be clear
In October 2013;there was announced a WAPDA employees coop. housing society phase 2 in faisalabad.Being wapda employee I paid the 10 percent down payment and there after 5 instalments.A period nearing 3years is passing away, but I have not learnt any thing regarding balloting, membership etc.when contacted the admin. Invairibly tell the new fabricated stories.kindly let me know ifany scheme is there ? Or this is some new kind of scam?
Dear Property expert
I bought a plot in DHA Rahber as an investment and being sell it now getting some profit. My dealer proposes that I should work with him as an investor and he will receive sharing in profit at the time of sale of a plot instead of commission on purchase. it looks good to me as the dealer will try to circulate (purchase and sale) more rapidly and with more interest to earn more profit and frequent share. Can you guide me if this type of agreement is good for me? Also the agreement should contain what type of terms and what should be the dealer %age in profit. one thing comes in my mind is that it should be on slab basis i.e if 10% is return on investment than dealer will get 5% on profit, if 11% to 15% then 7% etc. Kindly guide me in detail.
Dear Nasir Bhai,
This prat ice is going on in market, but I am not sue to this practice at the moment. However it is profit & loss sharing. Ideally it is good. But usually in case of loss the buyer hold it and dont sell it. Whenever times come agent sell the property and get share in the profit. So usually there is no loss in the investor is a holder. Agents do not charge commission. On selling they get share from profit. Now the percentage of profit may differ in different cases. It is a mutual understanding between investor and agent. Usually they are 30% to 50% on profit for Biana plots and if transfer realize then it may be decided mutually.
Aoa Atif Bhai
I have a file (Allocated) in DHA multan. I have heard that after the balloting this file will be difficult to be disposed off at competitive price since lot of files on instalments will be available in the market, which would be preferred by the public. So please guide me whether i should hold the file or sale it out and later on get the file on instalment. Which is the better option and please guide me that if i have to sale it out which is the best time or price in your reckoning.
Dear Sajjad Bhai,
I am moving your comment to following page:
https://eproperty.pk/multan/dha/
I want to invest for short time 3-6 months. is there any part of DHA which can make me handsome return? can you rough guess about range of return ? i have budget of 40-45 lacs. kindly comment.
Dear Muhammad Ahsan,
DHA Phase 9 Prism 5 Marla is recommended in this budget. Expected return is 10 to 15 lacs in next six months, if other variables remains same.
Dear Atif Sahib, I have little money to invest for 5-10 marla. Which place is preferable DHA 9 Prisim or Central Park. Some friends are making me afraid that there are legal suits against DHA for Phase 9/9 Prism. Please Comment.
Dear Brother Khalid Majeed,
I will recommend you DHA Phase 9 Prism. Please DHA Lahore about any legal status.
Respected Sir
I want to buy a plot in awt phase 2. is this the right time to buy or i should wait for some time because the rumor in the market is that, the prices of Awt will come down . what is your sujjestion.
thanks
Dear Atif Bhai
I have an open registration certificate of Fizaia Karachi. I didn’t apply for booking. How and where can I sell that certificate?
regards
Dear Tanveer Bbai,
I am unable to get your point. Are you saying that you have purchased an open certificate from market.
I have paid down payment and five instalments for a 10 marla plot upto 2014 in wapda employees employees housing society phase 2 faisalabad.no satisfactorily reply is forth coming from the administration.s
Dear Nazeer Bhai,
Please contact Wapda Employees Housing Society Phase 2 Faisalabad for any further assistance or I will request any other member to share details of Wapda Employees Housing Society Phase 2 Faisalabad.
Sir I am an overseas Pakistani I don’t know much about property I want a plot to build my home in next 2 years I prefer Dha but only Dha 9 extension file is in my budget pleas tell me what is its future when the balloting is expected and is it safe to invest there. What will be the location of 9 extension moreover what is the total price of 10 Marla plot pleas guide me.
Dear Jamil Bhai,
You will not be able to build house in Phase 9 Extension in next two years. There is no information about DHA Phase 9 Extension other then that files are available in the market. Location is no clear, we cannot calculate the total price until development charges disclosed by DHA.
You should go for DHA Phase Prism proper but still you will not be able to build home in next 4 years in Prism.
Aslamualikum sir I want to buy a 10 Marla plot in Awt2 pleas can you guide me which sector is good my budget is 4 million.
Dear Faiz Bhai,
I am not much aware about AWT Phase 2 to recommend some thing, I will suggest you to visit AWT Phase 2 and contact with a local area agent for best possible options at reasonable prices
Aslsmualikum brother I want to buy a 10 Marla plot in awt2 pleas let me know which sector is good my budget is 4 million. If you deal in Awt pleas let me know?
Sir would you recommend AWT2 for living purpose as I am going to buy a 10 Marla plot there. My budget is 3.5 million or you recommend any other good society for living purpose?
If the location of AWT suits you it is recommended for living. It will also have Ring Road access
thank you sir for your kind response I am an overseas Pakistani pleas guide me which society is better AWT2 orFAZAIA2 and what is location of Fazaia 2 and how far is it from Fazaia 1?
Dear Zafar Bhai,
Fazaia Phase 1 is better then AWT Phase 2. Faizaia Phase 2 is located at Sundar Road and far away from Phase 1.
plz advise for investment for 30-35 lac in lhr for period of two year approx
Dear Waseem Bhai,
You should go for Phase 9 Prism Sector J 5 Marla plot. You can buy 5 Marla plot between 25 to 30 lacs. You have to pay 9 lacs development charges in 12 installment of 75,000 each after every quarter.
Thanks for your response sir. In which block of sui gas. And what will be the price range
Dear Haris Bhai,
I am not much updated with Sui Gas Phase 2, you are requested to please visit the site and contact with any local area agent for best advice and reasonable prices.
So sir whats your recomendation.weater i should go for awt phase 2 or sui gas phase 2
AWT & Sui Gas both are good options. But Sui Gas Phase is better then AWT in infrastructure and development work.
So sir which blocks of sui gas have possession and what will be the average cost of a plot on possession area.
Dear Haris Bhai,
Sui Gas Phase 2 is not ready for possession at the moment. Possession will be given soon. Please use following link for Sui Gas Phase 2 discussions:
https://eproperty.pk/sui-gas-lahore/
Salam Sir
My name is Haris , What is the future of AWT phase 2 Lahore. Sui gas Phase 2 and Fazaia phase 2 . any chance of price reducing in future.
Dear Harris Bhai,
Once the development work started for SL1 & SL2 prices would not stop. But some time people start asking gain on daily basis so some time prices shoot in days or hours as well. But there is always a correction for such prices. However on monthly or better semi annually you will see prices will move up with the passage of time.
Respected sir which plots are best in DHA Prism for short term and long term investment.
pls guide.
Its depends on your budget, please specify a budget
Honorable Mr Atif,
My father retired from army and he awarded 20 acres Land in Bahawalpur. We want to sale it now. Could you please refer any link or anybody from there who could deal it? My name is Faisal and i lived in Malaysia. I will be pleased if would get your assistance. Many Thanks !
Dear Faisal Bhai,
An email has been sent to you please reply.
i have 8 canal zari zameen(1 acre) in DHA phase phase 7 sector Q,please tell me the price.
Call me
kis numbar par call kron
please tell me what cost is of completion certificate by lda ?
What about nfc2 future.i have options of 2 plots to buy one is near to main road and on 100 feet road other is on 100 feet road facing park which one is best for investment purpose
Assalam o alliekum, sir im from karachi could you tell me What is a procedure to register general power of attorney and it fees
Dear Sir
i have a 5 marla plot file with 3 paid in bahria grren vally lahore. what is future of said file.
In long term it will be fruit full investment. But you need to hold it. For the time being it is in minus and it may take a long to convert into profit. Market at Bahria Town Lahore is badly depressed. Prices are coming down day by day.
I want to buy shop (to give on rent) in DHA-EME. Is this possible? what is the price of a shop there? How much will be the rent per month? Please answer.
Salaam O Alekom,
I have a plan to buy 10M pair plots in Bharia town sector C in coming April,2012 and will make houses in 3 years. My budget is approx 45 to 50 lacks.
I need your guidance which block is better for residencial purpose for buy.
Thanks
Is this budget is available for land buying or including construction?
i need 5 marla map of sector D.. where i can find.. help me . thanx in advance
dear person
my nephews n bhabhi have a plot in DHA karachi. they want to sell it off. the legal heirs are all in USA n canada. what is procedure and term conditions that have to be followed. kindly reply at your earliest.
thank you
regards
mrs. tanveer rauf
In such case it is not advised to finalize deal with out any middle man. It is recommended to contact any local stamp vendor in your area Karachi. It can be transacted even original allottees are out of country. Or you may also contact at DHA Karachi office for procedure details in such case. DHA Karachi office can be contacted at:
http://www.dhakarachi.org/contact.asp
Question: Do I invest in Property or Not
Answer : Everyone Should Invest in Property because it always payback… But off Course you need a Good and Reliable Consultant for That….There is one Beautiful quote ” Maan or Zameen dono Khabi Nuqsan nahee Datay”