Real Estate News

Its a Win-Win Notification for stake holders and FBR: says Haroon Akhtar

Prime minister’s Revenue consultant Mr. Haroon Akhtar told media Tuesday, that business worth more than 4 Trillion Rupees is under tax net now. Only 8 Billion was added in national treasures by immovable property transactions in 2015-2016 fiscal year. Now with the consent of realtors, developers and builders we have formed a Win-Win Notification, resulting

Property tax law revised: FBR will evaluate properties annually

According to the news, negotiations between government officials and realtors held successful when a dispute of property valuation and taxation between both parties solved on Sunday. Government revised the property tax law, has taken back the authority of property valuation from state bank which was recently assigned, and now this power rests with FBR. For

Property tax negotiations saved from being driven into a deadlock

According to the news, a session was carried out yesterday after the Jummah prayer, between Government Officials and Realtors in which 3 big cities property tax dispute is said to be near to a solution. Rates will solely depend on the area and location of property, fair market rates would be as low as 35%

Stakeholders discorded on property fair price of 3 big cities

According to sources, government and realtors negotiated on the property tax matters on Thursday, but unfortunately no result currently have been drawn out of this negotiation. “Vice chairman Association of builders and developers Mr. Arif Jewa” told media that Thursday was the day when these matters were going to be decided however still there is

Fair Market rate of property going to be finalized for 21 cities

A meeting held between Traders, Realtors and FBR Officials for property rates and tax determination in which both parties presented their opinions and submitted their own fair prices for properties. PM’s Revenue Consultant Mr. Haroon Akhtar told media that Government has its homework completed and a property rate evaluation mechanism is prepared according to DC

PM’s Revenue Consultant Mr.Haroon Akhtar Opens Up with Media

Prime Minister’s Revenue Consultant Mr. Haroon Akhtar Khan had a session with the media officials on Monday and answered some questions on the current happenings in the real estate and property sector. While Answering one question, he stated that FBR’s step to expose & eliminate Biggest Black Economy of Pakistan should be praised by critics

Ashiana Housing Scheme: F Block Balloting Being Neglected by PLDC

Ashiana Housing scheme Punjab was initiated by Chief minister Shahbaz Sharif for the purpose of providing low income, middle class people their own homes and shelters. It was a great initiative, until the last year when Balloting of Ashiana housing scheme’s block F was decided. According to the news, Number of people submitted applications to

Islamabad Chambers of small traders rejected the proposed property tax mechanism

Islamabad Chambers of small Trader’s chairman Shahid Rashid but told media that traders of Pakistan have dismissed the new policies proposed by Government. According to him, such policies will only drive real estate sector towards destruction & failure which will directly affect the number of people employed in real estate sector. Moreover, it will save

10 Habits of Successful Business Real Estate Investors

10 Habits of Successful Business Real Estate Investors

Property management, wholesaling, business investment, and joint ventures are a few things through which an investor in the real estate can earn lots of profit. However, to become an expert in this competitive area takes a little savvy. A degree is not a prerequisite to earning profits in the business of real estate although many

Association of Builders and developers rejected the tax amnesty scheme

Association of Builders and developers has rejected the tax amnesty scheme proposed by Government Officials. Vice chairman of ABAD, Arif Jewa told in a press conference that FBR’s proposed Tax amnesty scheme is unacceptable in which filers are going to be taxed at 1% and non-filers at a ratio of 2%. He demanded that there