Pakistan Property News & Trends

Determination of fair market value under section 68 of Income Tax

Posted on August 4, 2016

[button_large link=”https://eproperty.pk/wp-content/uploads/2016/08/Determination-of-Valuation-of-Immovable-Properties-by-FBR-FAQ.pdf” target=”_blank”]Valuation of Immovable Properties FAQ[/button_large] Determination of fair market value under section 68 of Income Tax (Amendment) Ordinance , 2016 Federal Board of Revenue is pleased to notify the value of immovable properties in the following cities as under, with effect from 31st July, 2016: Value of Immovable Properties in Abbottabad Value of Immovable Properties[…]

Property Evaluation, Govt. withdraw appointing SBP Valuers

Posted on July 21, 2016

Govt. withdraw appointing SBP Officials for Property Evaluations.

DHA Phase 8 IVY Green Sector Z Development started from 15 July, 2016

Posted on July 20, 2016

DHA Lahore IVY Green Phase VIII, Sector_Z Ground Breaking Ceremony by Administrator DHA Brig. Zafar Yasin Babar.

DHA Lahore Real Estate Agents Protest in Lahore

Posted on July 18, 2016

Lahore Real Estate Agents conduct a protest rally against brutal taxes by Govt. from Defence to Lahore Press Club. A huge number of property dealers express their feelings in the protest and record their voice for their right on Saturday 16th July, 2016.

LDA approved Rs 93.48bn development budget for year 2016-17

Posted on July 16, 2016

The Lahore Development Authority (LDA) has approved annual budget for LDA and its subordinate agencies, including WASA and TEPA, for the fiscal year 2016-17 on Thursday.

DHA Bahawalpur Transfer Office in Karachi from 28 July, 2016

Posted on July 16, 2016

DHA Bahawalpur Transfer & Record sub Office in Karachi ready to serve you from 28 July, 2016

State Bank notifies valuers to determine real estate market value

Posted on July 4, 2016

In terms of sub-section (4) of section 68 of the Income Tax Ordinance, 2001, State Bank of Pakistan is pleased to notify panel of approved valuers for determination of fair market value of immovable properties as per Annexure ‘A’. The panel will continue to remain effective till the time “Valuers’ Registration and Governance Regulations 2016”[…]

Appeal – DHA Real Estate Agents Association

Posted on July 4, 2016

DHA Real Estate Agent Association appeal to Prime Minister, Cheif Minister & Finance Minister.

Finance Act 2016-2017 FBR Tax

Posted on July 3, 2016

Federal Board of Revenue revised Tax schedule for the purchase of immovable property under section 236-K & for the sale of immovable property under section 236-C as under: Finance Act 2016-2017 FBR TAX Effective from 1st July, 2016 Value above 3 Million (30 Lacs) For the purchase of immovable property under section 236-K (Advance Income[…]

Fazaia Gujranwala Balloting Coming Soon

Posted on June 30, 2016

Balloting for 1 Kanal, 10 Marla & 5 Marla residential plots coming soon in Fazaia Gujranwala

DHA Phase 8 IVY Green Development Work Starting from July 15, 2016

Posted on June 24, 2016

DHA IVY Green Sector Z Phase 8 development will be starting from July 15, 2016. It will be a fast track development. This time DHA is going to change its development trends.

Defence Raya Lahore Phase 3 Ballot Result

Posted on June 22, 2016

Ballot result of DRGCC (Defence Raya Golf & Country Club) Phase III, held on Jun 21, 2016. Residential 2 Kanal Villa 1 Kanal Villa Commercial Commercial Plaza

DHA Bahawalpur Booking Form Application Online

Posted on June 17, 2016

DHA Bahawalpur introduce first ever online booking form application and Challan system. Now applicants can register with their particulars and then login with their email and password and can apply for the specified project. Applicants can register their selves at the following address: DHA Bahawalpur Booking Registration There are two step required: 1- New Registration[…]

DHA Bahawalpur 2 Kanal Residential & 4 Marla Commercial Plots Booking

Posted on June 7, 2016

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[…]

DHA Bahawalpur Lahore Transfer Office Opening Ceremony

Posted on June 7, 2016

DHA Bahawalpur Lahore Transfer Office opening ceremony held at site office in Lahore today on 06 June, 2016. After opening ceremony a meeting with DHA Lahore Registered Agents held at Defence Community Center Sector J Phase 1 DHA Lahore. DHA Bahawalpur Management proudly announce first ever Sub Transfer office by DHA. This credit also goes[…]

Tax on Pakistan Real Estate Sector 2016-2017

Posted on June 4, 2016

Tax on Pakistan Real Estate Sector 2016-2017

DHA Pentasquare Preparations of Raft Laying are Underway

Posted on June 3, 2016

Piling Work Completed at DHA Lahore ‪PentaSquare‬ Phase 5, Preparations of Raft Laying are Underway.

Opening of possession of plots Sector A Phase 8 Ex Park View

Posted on June 3, 2016

DHA Lahore open possession of plots in Ex Park View Phase 8 Sector A. Possession open for 1 Kanal and 2 Kanal plot category.

No Commercialization in LDA Avenue 1, Jubilee Town and Mohlanwal Scheme

Posted on June 2, 2016

Governing body of Lahore Development Authority approved no No Commercialization in LDA Avenue 1, Jubilee Town and Mohlanwal Scheme. Commercial activity can only be done in the planned commercial area of these societies. Also designation of “Building Inspector” is also eliminated. People are informed to do not get blackmail by any one and also ask for[…]

DHA Gujranwala Transfer Fee Schedule Revised 1 June, 2016

Posted on June 2, 2016

DHA Gujranwala Transfer Fee Schedule Revised 1 June, 2016

Real estate sector should be given industry status, LCCI demands

Posted on May 30, 2016

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

LDA to build 5 junctions & 8 U Turns

Posted on May 29, 2016

Lahore Development Authority has decided to build 5 Junctions & 8 U Turns at Shoukat Ali Road, Khayaban e Firdousi & Khayaban e Jinnah

LDA allowed pillar for 3 story or more on 10 Marla and above plot

Posted on May 28, 2016

The Lahore Development Authority (LDA) has allowed pillar construction in residential buildings of more than two storeys on plots measuring 10 marla and above. “The governing body of the LDA has amended clause 2.6.1 of LDA Building and Zoning Regulations for this purpose. Earlier, no pillar construction was allowed in residential buildings except apartments,” says[…]

DHA Bahawalpur Introduce Online Payment Verification System

Posted on May 17, 2016

DHA Bahawalpur pleased to announced Online Payment Verification System. Now you can verify your payment online at: Online Payment Verification System

Valencia Town to Adda Plot Raiwind Road Alternate Route

Posted on May 13, 2016

LDA has initiated work on a project to develop an alternative route to Raiwind Road from Valencia Town to Adda Plot and convert the Defence Road into a two-lane thoroughfare from Bobatian Chowk up to Kahna flyover. The project would be completed by the end of next month at an estimated cost of Rs3 billion,[…]

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Pakistan Property News & Trends