Real Estate in Dominica How to Get Citizenship by Investing
Real Estate in Dominica
Dominica is one of the many Caribbean countries offering citizenship by investing in interested parties seeking a second passport. The program was launched in 1993 and has been constantly changing since then while Dominic aims to make his program the best.
As seen with the addition of the real estate investment option in 2015 to give investors room to decide. By 2015, investors can make only a non-refundable donation to a government fund.
The constant need to make life easier for their investors and the favorable government policies have set them as an interesting option for people who want to get second passports.
There are two options available to investors; the donation route, which is the cheapest among all countries offering citizenship by investment, and the real estate route. In this guide, you will see how you can get your Dominican passport by investing in real estate.
Advantages of Dominican Citizenship by Investment
Here are the benefits you will receive:
Stable Political Structure
Dominica is a democratic state with elections bringing together leaders. The country has a stable political structure, which translates into more stable financial laws and structures. As a citizen, you will enjoy peaceful transitions and consolidation of laws instead of contradicting laws that can be harmful to businesses.
Paca
Security is an important aspect of human existence and many people are looking for new countries due to the unstable security situation there. However, in Dominica security is excellent along with its low crime rate – one of the lowest in the world. Now you can make your business without fear.
Opportunity To Benefit From The Growing Real Estate Industry
The real estate market in Dominica is constantly growing as more and more people enter the country for both holidays and to stay. The option of real estate investing allows you to take advantage of the growing economy and profit from your investment.
Second Home
Your property can also serve as a vacation home for you and your family. Its beautiful beaches and serene surroundings will only strengthen your love for this island. Dominic provides a place to rest away from the busy western world.
Citizenship by Investing in Real Estate
While the option to donate to the government fund is an attractive option as it is the cheapest in the world, the government has seen the need to give investors another option. An opportunity to help grow the real estate industry while enjoying its benefits.
Since 2015, many investors have taken this path to gain their citizenship, enjoying profits from their investment.
Buying real estate in exchange for citizenship is incomprehensible. You serve the ever-growing tourists visiting the country to see the more than 300 small rivers and hot springs scattered across the island.
What Do You Need for the Real Estate Route?
If you want to get citizenship by investing in real estate, you will need to purchase a government approved property for at least $ 200,000. This can be commercial or private property, but you will need to hold this property for at least 3 years before selling if you are to retain your citizenship.
The government makes it more interesting by adding another clause; if you keep your property for 5 years, you can sell it according to the citizen program by investing. This increases your chances of selling the property whenever you want.
With the way the tourism sector is growing, you may not even want to sell the property after the time has passed.
Additional Fees
There are additional fees you may have to pay in addition to paying for the property.
You will have to pay a government fee of $ 25,000 for the main candidate or $ 35,000 for a family of 4. There is also a processing fee of $ 1,000 for a candidate and a fee to be paid, which varies depending on the nature of your application and the level. of diligence required.
Either way, you’ll get crazy value for your money.
Fine
Real estate is gaining popularity by the day and it’s no surprise that the Dominican government has quickly added that option to its package.
Investors can now have a sense of belonging in their new country by owning real estate that can bring them additional income but still enjoying the benefits that their second passports bring them.
Real Estate in Dominica How to Get Citizenship by Investing
- Published in Dominica, dominican republic, International, Real Estate, Real Estate Investments
4 Ways Investors Can Increase The Value Of Their Investment Property
Every real estate investor aims to earn maximum profits on Investment Property. However, the market is experiencing rapid changes, and competition remains fierce. If you have a long-term rental property, it probably had one hundred percent occupancy when it was still new. Maybe you were able to capture a specific market segment earlier, facilitating revenue. But as economic fluctuations occur, they may also be devalued. Both can have significant effects on the future profitability of your property.
Thus, you may need to strategize how to increase the value of your investment property for future income. If you are a first-time investor, these stocks may not know you. To help you make such moves now, here are some ideas to consider.
1. Make It Energy Effective
Energy-efficient upgrades can help drop electricity bills. Investing in these green renovations could help you take out unnecessary expenses later. Instead, you can use your money for other repairs or developments for the property.
Energy-efficient systems, appliances and appliances can enhance the physical and even the social value of your property. Many tenants and buyers who adhere to “green living” practices would choose to pay a little more on rent or the overall sale price of a home if they could see improvements in line with their core values.
However such updates do not need to be fancy. Here are some simple ways you can strengthen the house:
- Change the windows to energy-efficient modeling units.
- Install bay blinds that can help block direct sunlight to keep the house cooler. Money can be saved thus by saving the electricity bills.
- Install solar panels and solar appliances.
- Install a smart thermostat.
- Install low-flow toilets and showerheads in the bathroom.
2. Improve Your Boundary Appeal
Limiting an appeal is a key part of your overall value. Taking care of the first impression of your property is necessary to attract the right customers. Thus, have a well-kept lawn, a guarded garden and a clean exterior.
Paying attention to the boundary appeal of your property, especially landscaping, can be quite costly. But having flower beds and trees could enliven a lawn. Depending on where the property is located, you may be thinking of some landscaping tricks to help with noise reduction and privacy as well. Adding a small fountain to your front yard may help eliminate traffic noise. Planting hedges can add extra privacy to the property as well, while beautifying the surroundings.
Although there are always cheaper options, consider the long-term advantage of an excellent investment over secondary work. Putting work and money in now could put more money in your pocket for the future. In addition, the limit of your property will greatly attract any potential buyers or tenants. Highlighting your house among others might be just the thing it needs to bring your future financial security.
3. Ensure Maintenance
The best way to ensure that your property will continue to yield a growing profit is to keep it preserved. Among tenants, make sure you invest in professional cleaning and small care jobs, whether it’s electrical work, gardening, plumbing, roof repairs, or pest control. These problems will not only go away on their own if they occur, and you will certainly lose out if your property is not desirable for the right buyer.
4. Update The Kitchen
The kitchen is one of the most important places in your home. If the kitchen of your investment is clean, modern and has that readable atmosphere, any serious tenant would consider it automatically. If you’re selling, know that many buyers inspect the kitchen first. That way, you have to make sure that it is always the best room in the house.
If you need to upgrade a bit, here are some things you can do to revitalize your kitchen:
Update devices:
Consider replacing old ovens and ovens originally installed on site. Look for appliances that can blend in or enhance the style of your kitchen to increase your home value. Upgrade older and outdated systems to avoid problems with your electricity as well. This way you can promise security to any interested tenant or buyer.
Brand new faucets:
It is also important to update taps. It won’t cost much for a simple replacement set, but it could make all the difference for your kitchen.
Brand new benchtops:
Refresh the kitchen with new benchtops. From granite to laminate or even wood benchtops, there are many options to customize your kitchen. Remember to look for options that are easy to care for but with a bit of style, as these are two aspects that buyers and renters will look for when inspecting a kitchen.
Cabinet and door repaint:
If the cupboards look a little old, but you don’t have the time or money to put in new ones, simple paint could make cooking from boring to fabulous. You’ll be amazed at what fresh paint can do for a kitchen.
Brand new modern handles:
After painting, you may also want to get modern handles for the doors and drawers. Look at projects in magazines or browse the internet to find a new style compatible with your kitchen. Like painting, this is a simple and easy method to breathe new life into a home.
Conclusion
There are several ways in which you can make the most of an investment property. One of the main tips is to keep it looking desirable and functional for potential tenants or buyers. You need to know how to play, so to speak, where to spend money and where to dedicate your time and effort in terms of improvements and repairs. You may have to spend a little here and there to come back more in the future – but it’s worth it.
The things discussed above – such as energy-efficient appliances and appliances, a focus on bright attraction, up-to-date care and attention to the operation and style of your kitchen – are just some of the ways you can ensure the value of your property will increase with the market.
4 Ways Investors Can Increase The Value Of Their Investment Property
- Published in International, Market Overview, Real Estate, Real Estate Guide, Real Estate Investments
Should Private Investors Consider Company Purchase for Selling?
Investing in real estate can be a risky venture but also a profitable one. As long as you make the right phone call when you invest and sell, you could shave quite a lot of wealth this way. What are the right calls, though?
One option you can consider when changing property is with a house buying company. An increasing number of homeowners are going in that direction selling because such companies provide fast sales with instant cash. However, does that mean they are a good idea for investors?
To better understand whether you should sell to these money-buyers, it is worth looking at some of the pros and cons.
Easily one of the best advantages of selling to a company buying a house is that you can make quick money. They usually have everything arranged within 1-2 weeks, which means that if your finances aren’t too hot, they can really change. This is on the condition that they are legal, of course, and not used fraud tactics.
This can be useful if one of your investments proves to cost more money than it is worth. If you cover payments like services, mortgage, common tax, etc. because you have no occupants in the property, you could be bleeding money. The longer you keep that house, the more it will cost you without returning an investment. You either need to house a resident there (which could take months) or consider selling the property to someone else. In that case, a buying company is obviously best because of how quickly they do business.
When you invest in real estate, you do it because you believe it can earn you money. The cost of buying the home should eventually be covered and then some, leaving you more prosperous than before.
Unfortunately, when you sell to a company buying a house, the likelihood of this happening decreases. Indeed no fast selling company buys a property for what it is worth. This is the compromise that delivers the home for quick cash.
Of course, if an investment turns out to be empty in your bank account, then selling that way can save you money in the long run. Ultimately, even if the company buys it from you at a loss, you are no longer wasting money on a property that is damaging your finances.
You Can Eliminate Bad Investments
Not every investment is good. Unfortunately, you don’t always realize this until it’s too late, which obviously disadvantages you.
If you own a property that seemed like a better investment than it actually is, selling to a fast-selling company could be a great way to recover. This is especially the case if you go with Housebuyers4u who are not discriminating against what they take away from your hands. They don’t care what the building is like; they will still pay you for it, so they are one of the most reliable companies that buy houses in the UK. That’s a good memory if an investment looks worse for wear and tear and you don’t want it to damage your portfolio.
You Help Potential Competitors
At their core, real estate investors and real estate companies are performing very similar goals – both buying houses with the intention of raising money through them. The latter may be more inclined to sell these properties, while investors sometimes demolish or convert them. However, the desire to profit is still the same.
That’s why a real estate investor might raise the question of whether selling to a home buying company is right for them. If you feel too profitable to a competitor, you may feel more comfortable exploring other options.
You Avoid Property Sales Chains
How often have you tried to change a property, only to be stuck in a house selling chain that needs to be solved for too long? It can be frustrating when your buyer is unable to compromise with you, but they are in the same position as you, as is the person they are trying to sell to, and so on.
Depending on how far the chain extends, it can be months before all sales go through, so far this investment has proven to be more of a problem than it is worth. In addition, there always exists the risk of the chain collapsing, which obviously puts you back to the first.
To avoid this destruction, you may be better off selling to a home-buying company from the start. There is no chain to deal with there, which means you can avoid the hassle of waiting longer than necessary to sell.
It is not clear, yes or no answer as to whether or not a real estate investor is selling through a buying company. It all depends on individual situations, although it is clear that there are certain advantages to going this route.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
Should Private Investors Consider Company Purchase for Selling?
Space-Saving Ideas for Small Studios Under 30 Sqm
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Living comfortably in a space of less than 30 square meters requires some creative thinking, and this pair of studio designs have space-saving ideas that are sure to inspire. Each of these two unique small home interiors includes playroom tailored furniture that allows you to use the floor layout completely new. Home design number one has a tailored cube of the living room and bedroom furniture in one – no conventional sofa bed visible – and storage space is plentiful but unseen. Our second home design brings many closets in which an entire bathroom is hidden, and built-in bookshelf ears in a multi-level bedroom with a unique home workshop.
Our first prominent home is a 29-square-meter studio apartment owned by a young designer, located in Pruszkow, Poland. Despite its compact proportions, the minimalist living room is clearly zoned with the implementation of cubic volumes and contrasting colors.
The living room “cube” is custom-built furniture. The design fuses a tailored L-shaped sofa with copious amounts of hidden storage space around it and below, plus a bookshelf within one end.
A modern coffee table completes the square lounge layout. Part of the sofa was formed with the same steel frame backs to create a custom cohesion.
The box under the sofa hides a surprise lito trundle. The bed extends at the convenient reach of the bookcase, making it easier to choose to go to bed.
Thanks to its connectable design, this multifunctional light can be turned off from the ceiling of the kitchen dining room to become a floor-standing lamp next to the bed.
When it is in its kitchen dining room, the unique lamp is hung from a ceiling shelf to illuminate the dining peninsula.
A modern chair drops a black accent on both sides of the wooden effect bench.
Large windows fill the small living room with bright natural light. A home workspace is set up next to the glass.
An all-white kitchen project is equipped with a coordinated white integrated oven to complement the simplified aesthetic. Wrapping the small dining table with a contrast finish helps to clearly share the open concept.
The food peninsula is actually a mobile module that can become a stand-alone table/island. As seen here, the module can also be joined to the desk to make a much larger table that will seat up to eight people for dinner.
In this square configuration, the dining table and desk form a collaborative double workspace.
A solid wooden entrance bench adds a textured rustic touch to a smooth white corridor.
A wall of entrance storage is hidden behind modest handle-free cabinet fronts.
The storage wall includes a sliding volume that contains cleaning equipment and shoes.
Another panel pulls down to reveal a smooth surface.
The last door of the home entrance leads to the bathroom.
Atmospheric lighting accentuates textured dark gray wall treatment and a coordinated integrated bathroom sink.
A shower stands at the end of the narrow linear space.
Slatted ceiling panels exaggerate the long look of the room. Narrow warehouses at the end of the van store face towels and toilet supplies.
Our second home interior is a studio apartment with a special semicircular balcony design.
The balcony forms the main attraction of the tiny living space. The sloping perimeter and open roof bring joyful tree-top views and unlimited daylight.
Indoor plants thrive in abundant sunlight, growing from the shelves of a custom shelf and from plant stands around the floor.
The large built-in bookshelf forms a partition between the main apartment and the bedroom. The open side shelves serve both zones and share the natural light.
On the other side of the triangular living space, one wall kitchen is stacked up to the ceiling line to make maximum use of vertical storage space. A ladder facilitates easy access.
Wooden frame doors seal the balcony. More indoor plants bring the leafy exterior views into the embrace of the unique sunroom.
Eye field makes the space pleasant as the sunsets.
White-coated web screens filter the panorama, while pure sunshine flows from above.
The cool concrete floor is dressed in gray, green and sunny yellow tiles when we arrive at the home entrance, which is also the access point to the bedroom domain.
The bed itself is raised above the height of basic storage cupboards, which gives it an overview of the housing by the upper open shelf volume. Interesting objects line the shelves to give a strange decoration on both sides.
The multi-level small bedroom layout has a comfortable workspace across the midway point that benefits from the attractive view.
The raised floor gives the effect of going up to bed, even though the apartment is only one floor. The open shelf partition is invaluable for preventing feelings of claustrophobia in the narrow space, and for facilitating airflow.
A round coffee table takes up little space in the compact home and is light enough to be moved onto the balcony when needed.
Dining table focuses on the kitchen cabinets, hidden until needed. The table is just big enough to accommodate the two homeowners, so as not to eat up unnecessary space.
One of the other doors of a kitchen cabinet with full height is actually a secret door to the bathroom. Inside, sturdy storage shelves can also be used as a ladder, to enable the couple to quickly access bathroom supplies stacked up.
The floor plan shows that the bathroom sink is also plugged into the volume of the kitchen cabinet, which saves valuable space in the tiny shower.
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Other related interior design ideas may appeal to you
Space-Saving Ideas for Small Studios Under 30 Sqm
- Published in #architecture, #interior design, architect, architectural wonders, Architecture, Decoration, Design Gallery, DIY, Furniture Design, home building, Home Decor, house, house decoration, house design, house renovation, House Tours, interior, Interior Decoration Ideas, Interior Design, International, Investing In Best Deals, Investment Tips, Investments, small space, under 30sqm
About Gutters: What You Need to Know
Gutters are often the most ignored parts of a rental house. Although they have simple designs, they help protect your property from any major water damage. So, with this important work, it is best to learn more about drains and how this system affects your house.
Basically, drains collect rain from the roof. Whenever it rains, the water rolls down the slope from the roof to the gutters. Like the rainwater pools, it travels through the drainage system from your rental home to your downstream, which carries water from the drains to the base of your property. Typically it is deflected to protect your foundation and basement from flooding and other water damage.
Drains Vary In Materials
Whether you are planning to install a new drain system or replace your current drains, one of the things you need to know is that drains have a variety of materials.
Some of the popular materials of which most drains are made of vinyl, copper, steel and PVC. Cast iron gutter is also a common option nowadays due to its affordability and durability.
To make the best decision on which materials are a good choice for you, you need to explore their pros and cons. This way you can make a well-informed decision about what kind you need to install in your rental property that would best serve your tenants. If you are still confused with the options available, never hesitate to ask for professional help.
Cleaning Your Flute is Important
No matter what your cleaning time is each season, cleaning your playground’s drain system should be one of your priorities. Don’t just rely on your tenants ’schedule or initiative to clean it up. Remember that keeping dirt or debris away from your drains is important to protect the structure of your property and prevent costly nuisances in the future.
There are other reasons why it is necessary to clean drains, especially if you own rentals. These include the following:
Reduce The Risk Of Cracked Foundation:
If you have clogged gutters, the water can build up around the foundation of your home, which can crack your foundation after it freezes and expands during the winter season. As a wolf owner, you don’t want something like this to happen because that would mean significant repair costs.
Save the Plagues:
Clogged street gutters with leaves can be a desirable home for birds, rodents and insects. If you want to keep the pests at bay to prevent them from damaging other areas of your rental, make sure your drains stay clean.
Protect Your Precious Roof:
When rainwater continues to flood, it can leave a leaky or rotten roof. Once your roof has suffered water damage, it may cost you a lot to repair it. So, if you don’t want to spend more for roof repair because your tenants have failed to take care of your drains regularly, be sure to include them in your cleaning routine.
Prevent Water Damage:
Once your showers and drains are blocked with debris and leaves, rainwater may not be properly suited. As the water overflows from the drains, it can result in water damage both outside and inside of your rental property.
Save Money:
Rain and runoff can help prevent costly and unexpected roof or runoff repair services. Taking some preventative measures can help reduce the likelihood of having to replace or repair your roof.
Protect the value of your rental property:
Drains are one of the parts of your rental home that will enhance the aesthetics of your property as they are easily visible. Poorly maintained drains can fall off, and the overflow can stain fascia boards. Such problems can diminish the integrity of your structure. In addition, clogged drains can decrease the rental price you can charge for your property. They will also cause problems if you intend to sell the house in the future.
Considering that reason, it’s important to clean your drains. Repairing them will improve how the roof looks, improving the potential rental prices of your rental home, overall value and brake appeal.
Should You Hire or Hire Professional Gutter Cleaners?
Because cleaning drains is a simple task and can be a part of anyone’s home care checklist, it is also a good idea to do it on your own, which can let you enjoy savings. However, if you have a busy lifestyle and hectic schedules like most wolf owners or investors, it would be best to hire professional street doctors.
The best thing about hiring experts is that they have the proper equipment and tools to properly clean your drains. They also have the knowledge and expertise to provide proper care and maintenance for drains. So, if you have extra money for your budget, it is worth spending on professional solutions.
Conclusion
Gutters are essential as they protect any house from water damage and rain. Without a good drainage system, rainwater will collect in your roof, which can cause mold, deterioration or rot. It will weaken the shingles, fascia and ceiling. So make sure you choose the best drain system suitable for your rental property. Don’t forget to provide proper care and maintenance to extend its lifespan and better serve current and future tenants.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.
About Gutters: What You Need to Know
- Published in #architecture, build, building plan, Construction, gutters, home repairs, International, Real Estate, Real Estate Investments, rental property
Key Points For Buying a Property On Installment Basis
PRACTICAL TIPS FOR BUYING GOOD IN FACILITIES
Here are some of the important points to consider if you are looking to buy a property according to the transfer plan.
– Detailed Research
– Evaluate the Place
– Double check Laws
– Stay Informed
– Obey the Rules
Detailed Research
One of the initial steps before investing in real estate is detailed research. You need to carefully monitor the local property and the average price trends for the type of property you are buying. This is one of the basic tips for buying a property through a transfer plan.
You need to have an idea of the current real estate prices of the local market, it helps you avoid overspending while you are getting a free deal. You can always check out faizanbarai.com to check out the popular newly launched and upcoming projects in the real estate market of Karachi.
Almost all newly launched real estate projects offer convenient floor plans. It gives you the opportunity to compare different projects according to your budget and preference. You need to check the facilities and amenities and other factors that add value to your investment and consider each option accordingly. All of these steps are essential before finalizing your decision.
If we emphasize facilities necessary for contemporary living, the housing project in which you intend to invest must offer 24/7 service supplies, security and well connected with the city. If you are interested in investing in an apartment, you need to make sure that the project offers elevators with a power reserve, especially if your chosen apartment is located on the upper floors.
The latest projects also offer amenities such as indoor recreational activities, a dedicated space to spend free time, and selected parking spaces.
Evaluate the Location
Choosing a location for your investment is the most crucial step of the whole process. There’s a good chance that your chosen location may not meet all of your preferences, but you still can’t compromise on location. Therefore, always buy property according to the delivery plan, which is located in good surroundings and well connected with all the main roads of the city.
We recommend that you never invest in real estate if the location is not right for you. No matter how timely and reasonable the payment plan is, the wrong place will not only negatively affect your living, but will also affect your property value.
Double check Laws
We have seen many large-scale repressions against intrusions and illegal housing across the country in the recent past. That’s why it’s so important to make sure the property you’re investing in for free has no legal issues. Always double-check the background and legal status of the project before investing.
If you intend to invest in Karachi, you can always check our website to be informed about legal and illegal housing projects in the city.
Find Out About Latest Developments
Keeping you up to date on the latest events related to your project is necessary to make an investment for free. You need to pay attention to developments like voting, handling, possession, and so on. Builders also offer different privileges like discount offers and special waivers to investors. Therefore, to take advantage of such opportunities, you need to be enthusiastic.
Obey The Rules
To make things easier for your delivery, you must follow rules and regulations. You need continuous interaction with the builders and frequent visits to their offices to document all transactions. Always keep every small transaction about documents. You should receive every receipt payment as a secure side to avoid any inconvenience in the future.
If we talk about the payment structures, the down payment is usually about 10 to 15 percent of the total assets you have to pay initially. Then you are entitled to either pay monthly, quarterly or biennially. It all depends on your payment plan. You need to make sure that you follow rules and guidelines and that there are no payment deadlines. It helps you to achieve timely ownership and maintain a good reputation as a real estate investor.
So here are some of the key aspects we’ve collected today. We hope these points help you plan your investment in real estate. If you have any questions or confusion about purchasing a property through a delivery plan, please contact us or write in a comment section.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
Key Points For Buying a Property On Installment Basis
Answers to Commonly Asked Real Estate Questions
Unlike Pakistan, many people in foreign countries sell and buy property through lawyers. Hiring a lawyer yourself is a very mobile process, but ultimately it reduces the risk of fraud and helps avoid legal complications. We in Pakistan rarely go to lawyers for property. We either do it ourselves or do it with inauthentic real estate. This practice leads to fraud and illegal deals many times over.
The real estate gurus always recommend involving a practical lawyer to take care of the legalities involved in real estate or at least an authentic real estate agent to completely guide you through the process. This will not only help you avoid potential fraud but will also help you secure your investment.
The number of complications in real estate is very high. That’s why we always recommend our readers to have a basic knowledge of real estate-related things and terminology.
Today we will discuss some of the most frequently asked questions about the real estate market.
1) What is Shajra?
A detailed map of an area with land divided into pieces and each block is labeled with a specific number is called Shajra. Shajra includes all the details of each khasra, such as its size and location.
2) What is Khasra?
Khasra is that particular piece of land of Shajra that has been labeled with a specific number.
3) What does fard e milkiyat mean?
Fard e milkiyat is a registry of rights/registry haqdaran-e-Zameen. It is supported by the government authorities to determine the legal owner of the land and to keep a register of real estate rights.
4) What does Tattima Registry mean?
Register Tattima means additional sales test of hasasra. Means an additional sales test of a particular piece of land.
5) What is Baye-Nama?
The Baye-Nama or Register sales test is the document that creates a title in real estate.
6) What are some laws on the real estate sector of Pakistan?
Some of the laws in the constitution of Pakistan that deal with real estate are the following:
1) Transfer of Property Act, 1882.
2) Land Revenue Act, 1967.
3) Stamp Act, 1899
4) Registration Act, 1908.
In addition, always consult an attorney for real estate law counseling.
7) Can we use the farmhouse as an office space?
It is illegal to use a farmhouse for commercial purposes. However, there is an exception for some companies such as IT services, which can be operated from residential areas.
8) Do we inherit the law in Pakistan?
Yes, Pakistan has several inheritance laws that apply depending on religious affiliations. For example, Islamic personal laws are for Muslims and people belonging to other religions have a hereditary law according to their religious leaders.
9) Can I buy a property in Pakistan as a foreign Pakistani without a visit?
Yes, a foreign Pakistani can easily buy property in the country without visiting Pakistan.
10) Do I have to record the transfer of real estate every time?
Yes, every transfer of real estate must be registered and delivered. It can be done only with a registered sales document.
11) What are the necessary documents to legally own a property?
The only document you need is a document to control the delivery of property in your favor. This may include other documents such as a deed of sale, a letter of receipt and a certificate of sale.
12) What does proxy mean?
A prosecutor is a powerful form, assigned to an agent of the principal to perform an act and deed for and on behalf of the principal. A prosecutor may also receive from person A to person B to appear before the court, tribunal, and authority to complete any real property or transaction. When it is allowed to authorize certain transactions, it is called an attorney general and it must be registered.
13) Can a person with a prosecutor’s hand over property on their behalf?
No, the person who is appointed prosecutor on your behalf has a fiduciary duty to act in your interest and do what you would do yourself, if possible.
14) Can I revoke my power of attorney?
Yes, you can revoke your proxy at any time.
15) Is my prosecutor for life?
A prosecutor can be for life and in that case it will end after death.
16) In which case is a prosecutor suspended?
As mentioned in the previous question, it can be canceled at the death of executioners and it can be canceled by the executioners in his life.
17) Can a mortgaged property be sold?
No, real estate mortgaged property cannot be sold.
18) What is stamp duty?
Stamp duty is essentially a government tax on the transfer of property.
19) Who has to pay stamp duty?
The buyer must pay the stamp duty. However, in some cases, sellers also undertake to pay for it themselves.
20) Which authority holds the country record in Pakistan?
The Department of Revenue of the District Administration is responsible for maintaining land records. They also decide the boundaries of property and possession.
21) How can I sell a property as a co-owner?
You may sell the property as a shareholder, but you may sell only the scope of your share.
22) How can we differentiate a will from a gift?
A will is only after the death of the creator, while a gift can be made for a lifetime. An owner is entitled to give all his property to the lawful heir during his lifetime, but he cannot do the same by will. However, a homeowner may give a will to give a third of his property to someone who is not the legal heir. And if this favor is done for a lawful heir, it requires the consent of all other lawful heirs.
23) What are the essentials of a gift?
There are basically three essentials of a gift:
1) Offer from the donor
2) Acceptance of the person to whom the gift is received
3) Transfer of possession
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
Answers to Commonly Asked Real Estate Questions
Healthy Real Estate Well-Positioned for Sustainable Growth in a Post-COVID World
The COVID-19 health crisis has had a greater impact on business real estate demand than the Great Recession, as forced quarantines, social distancing, layoffs, supply chain disruptions, unemployment and erosion of consumer confidence put the industry on its knees in 2020 and through the first quarter 2021.
One bright spot in the troubled commercial real estate sector was medical real estate. While office visits for election procedures have fallen, critical care, especially off-campus, has seen an increase as a result of the pandemic, balancing any weaknesses in the sector.
The vacancy rate of the U.S. Medical Office (MOB) was 8.6% since the 4th quarter of 2020, up from 7.8% at the end of 2019. By comparison, the overall vacancy rate for the office sector was 13.2% since the 4th quarter. 2020, sales have resisted extremely well, and real estate investors remain very optimistic in the sector.
“The healthcare sector continues to play a dominant role in the U.S. economy and has shown annual growth for many decades,” notes Martin Freeman, CEO of OrbVest, a global real estate company that invests in U.S. revenues that produce medical commercial real estate. “From an economic and political perspective, Biden’s new management strongly favors expanding health services and benefits and we remain optimistic about the sector going forward.”
Expectations of continued oversupply in the sanitary real estate sector are bolstered by some of the following fundamentals.
1. Structural growth in medical office demand will include, but will not be limited to telehealth
Investors in medical real estate must consider the impact of healthy, economic and economic and strategic shifts. Telesano will be a great driver for healthcare real estate growth and will be complementary rather than competitive. Take a telescopic giant The merger of Teladoc with a chronic disease manager Livongo, for example.
Social distancing, whether popular or not, will be a growth driver for structural and spatial improvements in medical office buildings, as consumers and staff will require modifications to feel safe. Economically, capital conservation will impact real estate, and strategically, labor deployment could be affected. There could be some short-term disruption as we figure out how to take what worked with the “old normal” and integrate with the “new normal”. Let’s not be surprised to see limited capacity, relief or delays in rentals, reductions in numbers based on delayed procedures and more.
However, in the long run, as the sector inevitably adapts and adapts, and medical real estate needs to have a solid long-term growth potential due to changing consumer needs and evolving demographics.
2. Increased real estate demand from the segmentation of wellness and acute care locations
“We see a measurable shift from the hospital as the center of U.S. healthcare,” Freeman explains, “this trend is likely to continue and accelerate in future years.”
This is another backwind for medical real estate partly driven by demographics. The need for preventive and personalized care among millennials and the elderly has already transformed property treatment long before the pandemic. We have already discussed how the aging U.S. demographics seem to directly correlate with increased real estate demand for health services. Providers also understand that both millennials and the elderly value preventive and personalized care. They know that these cohorts want to focus on a long and healthy life for themselves and their families. In addition, seniors now have access to less expensive and convenient care, while young working millennial parents have access to faster and more special care for their children. This worked too well for it not to increase.
However, this trend is not exclusive to demographic changes. Many of these triggers are due to a growing hospital and how complicated they can navigate. A convenient approach along with lifestyle integration looks like a key driver. Hospitals are likely to focus on longer-term hospital care in the long term, opening up a need for additional buildings dedicated to less harsh and less costly facilities in more convenient and easily accessible locations in population centers.
Moreover, with brighter light shining on pre-existing conditions, well-being and preventive care needs have never been higher.
From a real estate standpoint, a future overlay will likely involve a combination of the following.
Increased efficacy of outpatients.
This can be considered a “medical home” model. This may include group primary care and special care in solid locations accompanying services such as imaging, pharmacy and laboratories. This might also require larger buildings with more giant footprints. The most significant suppliers have already increasingly adopted this model.
The growth of “MedTail”
Retail and health real estate both share many common issues, such as the need for high traffic, visibility, neighborhood proximity and parking. A shopping mall is available and affordability is increasing, and health care providers can jump at the opportunity to increasingly relocate within retail centers.
This gave rise to a new segment of commercial real estate – “MedTail”. Retail locations with integrated medical options, such as pharmacies, are becoming more common.
According to a sanitary real estate company HBRE, townships and suburban areas that once had little access to local medical facilities see more options like the CVS Minute Clinic or the Kroger Small Clinic.
In addition, emergency care centers have emerged in retail malls as another offering to suburban residents.
Tether Advisors also conducted a study and found that “nearly 80 percent of private equity, commercial real estate and retail physicians respond that medium-term investment will increase in the coming year and that COVID-19 has strengthened the sector’s outlook.”
Maximize revenue opportunities on one website
Operators can maximize several revenue streams, such as promoting flexibility for different care delivery types at other times. Providers are also more willing to outsource facilities and project management services in strategic partnerships to ensure they get the highest possible value from their property.
This could also create significant real estate due to adjustments that hospitals will have to make. COVID-19 increased the need for sharper space within hospitals and pushed sharper and administrative uses into alternative locations. This has changed the functional mix of hospitals and increased public perception that hospitals are for very sick people. Many short- and long-term approaches affecting medical real estate must be seen here.
Hospitals will inevitably have to optimize their existing buildings and reduce the possibility of contamination by modifying existing spaces and consolidating. They will also have to accept higher acute care while managing contagious risk – even after the pandemic becomes more manageable. Future success for hospitals will also involve embracing the shift to more acute care and facilitating safety concerns within hospital facilities.
3. Medical office investments are a source of pre-pandemic, mid-pandemic and post-pandemic stability
The numbers don’t lie. Medical office buildings (MOB) are loved by passive investors because of long-term leases, stable employment, consistent income, and rental quality.
This active class has a lot of tailwinds blowing favorably for both the short and long term.
First and foremost, these properties have benefited greatly from all the aid in the multiple incentive packages and the billions dedicated to helping small companies. Think of all the independent doctors and small practices that have benefited from the PPP loans. While many tenants struggled to pay rent, most of these medical tenants were quite good. Loans from the federal government required hospitals to maintain employee levels and continue to pay rent for their buildings, and as a result, relatively few organizations had trouble paying rent. In fact, in the worst part of the pandemic, owners of medical offices have collected rent from tenants in the high 90 percent range.
As a result of the relatively low amount of rental delays, there is a strong long-term outlook for medical real estate.
Also, consider MOB fundamentals and occupancy rates. Through approximately 1.5 billion square feet in the United States, MOB occupancy has been remarkably stable. Between the financial crisis and now, MOB employment ranged between 91.4 percent and 92.6 percent. Compare that to the average occupancy rate for offices in the U.S. in that same period – about 82.1 percent to 85.8 percent.
Or maybe you want to consider renting. Due to the high investment in infrastructure required by medical tenants and barriers to entry as rules necessary for surgical centers and imaging, MOBs on average report an average retention rate in the high 80 percent range, significantly exceeding typical commercial office retention.
In addition, despite all the economic headwinds and a downturn in commercial real estate, new outpatient medical construction has remained steadily stable at about 17 to 20 million square feet per year, about 1.8 percent of storage nationally, and well below the national average of 2.1 percent. for a business office.
There is also almost no speculative medical office, as most developers and lenders alike require a 50 percent down payment to launch new construction.
Look at how medical rental growth has also grown. Nationally, average medical office rents have steadily risen from $ 18.28 per square foot in 2012 to $ 21.51 in early 2020. This is a stable 1.5 percent year-over-year gain and a 31.8 percent peak-to-excess return. from a low of $ 16.32 in the fourth quarter of 2008.
Key Withdrawal for Investors
Can medical real estate withstand the downturn in the commercial market? The answer is a resounding yes. “The current challenges facing the global economy, and the potentially aggressive rebound of business sentiment in the U.S., create an ideal opportunity for companies like OrbVest to help investors around the world invest directly in medical real estate in the U.S. and grow their wealth steadily and sustainably,” says Freeman.
Healthcare is changing, our demographics are aging, and if this last year has shown us anything, it is that an adaptable and thoughtful healthcare system is essential for a functioning society. We will see numerous changes in medical real estate and MOBs in the short and long term. But the bottom line is that if you look at the fundamentals, you really can’t find a better long-term investment than medical real estate for stable income streams, quality tenants, long-term rents, and high occupancy rates.
If you look at investment performance after the financial crisis, this supports the fundamentals of the sector. This is an ongoing asset class, changing over time, and a property type that will experience growth a lot in the future.
If you are looking for passive income in real estate, medical commercial real estate offers an extraordinary investment opportunity.
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Healthy Real Estate Well-Positioned for Sustainable Growth in a Post-COVID World
4 Advantages Of Installing Tankless Water Heaters In Your Next Flip Home
A house reversal is a process in which someone buys an old house that needs extreme renovation and renovation, and then resells it for a higher price. When it comes to home throwing, you need to make sure that you come up with a good quality home so that you can attract more people to look at and eventually buy your property.
One of the best things to add to your next flip home is a tank water heater. A water heater has become necessary for those who simply cannot find comfort in showering with cold water. A water heater is also ideal for operating your dishwasher. With that, you need someone reliable who can install tankless water heaters in your homes, such as CE Pipe and Heating.
Moreover, listed below are the advantages of why you should install without tank water heaters in your next home.
1. Saves Space
When you go home, you may save as much space as possible so that you can use the extra areas for additional features. These could be added storage space, a sink or even a work table.
When targeting a traditional water heater, you may have trouble using the area because you need to consider the tank space. With a tankless water heater, however, you can save a lot of space, as you will only need to install a device on your wall. With the saving space of an invariable water heater, you can fully utilize the extra space into something more useful that could add value to your thrown home.
2. Saves Energy
Without a tank water heater was very popular because of its energy efficiency feature. It only heats water on demand, instead of storing a large amount of water inside a tank and heating it throughout the day.
Because without a tank water heater is cost-effective, potential buyers would be more interested in your home because they know they will save a lot of money on energy costs. Without a tank water heater uses energy only when you turn on the faucet or the shower cap, so it doesn’t continue to work even at night.
Every home buyer would like to save money, especially when it comes to reducing their monthly service bills, as they are the main culprit as to why monthly expenses cost more. With a tankless water heater, they can dramatically reduce their electricity bills from 8% to 50%, depending on usage.
3. Promotes Excellent Farm
If you go home and you were unable to sell it immediately than anticipated, you may want to purchase items and features that are sure to increase the value of the property. With high-quality items, you can be sure that your property would still be in the best shape even after so many years.
Without a tank water heater, it can last up to 20 years, twice as long as the conventional water heater models. Along with that, a tank water heater also gives a long warranty, so you can guarantee that you will have a reliable water heater in your home that you can quickly repair after it has developed damage due to wear and tear.
That’s why you need to buy your tank water heater from a company that has been engaged for years so that you can guarantee that they will serve you well when you need to ask for your warranty claim only if your water heater is not working properly.
4. Promotes Comfort And Comfort
Everyone wants to buy a home where everything is convenient and comfortable to use. While a water heater can help provide an adequate amount of heat while you shower or take a hot and relaxing bath, it will be best if you can get hot water on demand, so you don’t have to wait too long if someone has already used heated water in front of you.
Conclusion
A tankless water heater provides many great benefits for every homeowner, especially for those people who want easy and economical features. If you are a house pinball machine, it will be ideal if you get what most people want so that you can increase your chances of selling your house quickly.
Without a tank water heater can be one of the home investments that will pay you back, even for the new homeowner.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.
4 Advantages Of Installing Tankless Water Heaters In Your Next Flip Home
How to Avoid Long Home Selling: 5 Tips to Sell Fast
As an investor, you may want to diversify your portfolio from real estate to stocks, bonds, crypto or many other things. If you already have an old rental property, vacation home or any property you want to sell quickly to get quick cash for your next investment, then you need to find ways to avoid a long sale.
In this article, you will learn some expert tips so that you can sell a house quickly.
1. Avoid Dealing With Consumers
Consumers are not everyday shoppers. They are private people who are looking for their dream home at the lowest price. They want a house in good condition without significant roofing, electrical, plumbing, drainage and foundation problems. Consumers are also the most demanding type you will ever meet.
According to the June 2020 statistics of the National Association of Real Estate Agents (NAR), the typical U.S. home remains on the market for about 24 days and 46 days to close a purchase loan agreement gives an average of 70 days from listing to closing. These statistics are based on traditional home sales. Why do you wait so long if you have other options?
The benefits of avoiding dealing with consumer shoppers include the following:
Deal with investors like you:
You can avoid dealing with consumer buyers, which can prolong home sales by dealing with a buying company, such as Buyers of Burlington Houses. Home buying companies are managed by investors like you, buying and selling homes to the commercial market. They aim to make money with modest profits by buying and selling real estate at a low price instead of selling expensive homes for significantly high profits.
Save time and money:
Avoiding consumer shoppers can save you money from inspection, listing, repair and other expenses. On the other hand, selling a home to a real estate investor is time-consuming and cost-effective because you will be spending money for nothing.
Sell Your Home Quickly:
Private individual buyers need nutrition, constant monitoring and monitoring. They are difficult to handle, unlike cash buyers who are simple in offering quotes. Either you accept the offer, make a counter-offer or reject the offer.
2. Promote Your List Online
If you are used to listing properties in newspaper advertisements, the time has come to list your home for sale through different internet channels. This will strengthen your list and increase potential buyers.
It’s a good idea to create a virtual tour so that potential buyers can simply click on the link to go through your house online. If you plan to invest in up-fixed real estate and become a pinball machine (buying houses at lower prices and then renovating them to sell at a higher price), promoting your home with a virtual tour is a good idea. You can hire a professional to take care of this job for you.
Avoid being inundated by many surveys listing your property right online, answering basic questions from potential buyers like the following:
- The address of the property for sale
- The sale price
- Number of bedrooms and bathrooms
- Amenities included
- Honest shortcomings
- Clear (high-resolution) photos
3. Hire an Experienced Seller-Real Estate Professional
You’re probably too busy managing your business and other investments and don’t have time to deal with long-term home sales. You can hire a real estate professional (real estate agent or real estate agent) who has experience in dealing with home sellers for your best interest.
Choose an experienced real estate professional from a good company by following these tips:
Evaluate Certificates:
Real estate professionals are qualified to handle real estate buyers and sellers. Be sure to evaluate the testimonials from your prospects to avoid problems. Look for licenses, permits, certificates and membership to respected properties.
Interview:
When you have limited your choices to at least two real estate professionals, interview everyone to get to know them. Find out who among them has the best gentle skills. Don’t hesitate to ask questions such as if they are experienced in helping investors in the past. You may prefer to hire someone you are comfortable talking to, someone you know real estate with a keen business instinct.
4. Make Necessary Repairs
Buyers always inspect for defects more than the comforts of a home for sale. So it makes sense to complete the necessary repairs to sell a house quickly. Hire a professional to inspect your home and make the recommended repairs or improvements. Don’t forget to get a certificate so you can present it to a buyer who may have doubts about the longevity of your roof system or other home appliances.
The necessary repairs you need to make to avoid a long home sale include the following:
- Roof Repairs: Repair cracks and holes or replace shingles and worn-out drains.
- Pipe Repairs: Repair leaks and clogged toilets, pipes and sinks.
- Electrical Repairs: Repair faulty wiring and replace old electrical outlets.
- HVAC repairs: Check for leaks, and damaged thermostats, and replace capacitors.
- Graduation and Drainage: Drain regularly as needed.
5. Know the Perfect Time to Sell a House
Investors should always know when to strike while the iron is hot. In general, the best time to sell a house to maximize return is from May 1st to 15th. Properties sold in the first half of May tend to sell six days faster for $ 1,600 more than the average listing. Homes listed on Saturday get 20% more views during the first week on the market compared to homes listed on Tuesday.
The right time to list and sell a house can make a big difference in the sale price. Market circumstances can affect the perfect time to list a home, such as mortgage rates, tax incentives, and job growth. List your house on the market as early as April 1, depending on your location, or until July 15.
Conclusion
As an investor, you want to avoid a long-term sale of homes by selling your property to a buying company. Use digital technology to your advantage by promoting your list online and creating a virtual tour.
If you are too busy with your other investments, hiring a real estate professional will save you from the hassle of selling a home. Make sure you are dealing with an experienced real estate broker or real estate agent, someone who will protect your interests.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
How to Avoid Long Home Selling: 5 Tips to Sell Fast
Procedure for Issuing Multiple Transfer Letters
The civic authority of Islamabad has devised a procedure for issuing separate transfer letters in case of more than one surrender. The broadcast procedure is as follows:
In the case of more than one transferor, different copies of the Transfer Letter may be obtained. Moreover, if a co-partner wants to deliver his share, all other co-partners will have to give their original transfer letters in order for new transfer letters to be published.
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Procedure for Issuing Multiple Transfer Letters
- Published in ECONOMY, International, News, News & Updates, Real Estate Guide, Tips & Advice
Procedure for accepting in one window operating directory of CDA
To facilitate the public, the Capital Development Authority has established one window operational board. The procedure for accepting in one window operations directory is as follows:
- The assignee or attorney must receive the deadline for accepting an officer from the One Window Operation officer by granting the completed Delivery Request (TAF) along with the required documents.
- After the publication of the deadline, the accepting officer will send data to the relevant deputy director in EM-1 or EM-2 two days before the deadline. The relevant DD will check the file and ensure that the files are sent to an accepting officer at 9:00 am of the deadline.
- The associate or lawyer will have to physically attend with his / her original CNIC card at ONE Window Operation before Assistant Director (Acknowledgment) along with TAF and the required documents
- Under the supervision of an accepting officer, the parties with their thumb impressions, and signature will be photographed to confirm that a transaction has taken place.
- Upon completion of all procedures, the accepting officer will send the file and TAF with the documents to the account section for cancellation of a banking project on the same day.
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Procedure for accepting in one window operating directory of CDA
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USD and Pakistan Real Estate
USD and Pakistan real estate enjoy a very complicated relationship. Although they are a very small factor especially for the emigrants, not much is available according to research. However, if you understand how they affect each other, you can probably make a lot more money than you usually do. It is often understood that a rise in USD price is directly responsible for real estate growth. In 2018, when the dollar gained 35% in record time, real estate was also expected to grow. It usually functions as a hedge, however, it took almost 2 years and a global pandemic to realize real estate.
Today while house prices are about 30 to 50% higher than year 2018, in dollars the prices are similar to that of 2018. Now it is time to find out if this correlation has existed in the past or not and how it works usually plays out.
Taking DHA Lahore as an example, let’s look at the data we have:
USD – PKR exchange rate in 2005 -2007 = 60
2008 = 70
2009 – 2011 = 80 to 85
2012 = 90
2013 to 2017 = 100 to 105
2018 = 121
2019 to 2021 = 155
For the purpose of this study, we calculated average prices of DHA Lahore Phase 5, 6 and 7.
Year 2005
1 x USD = 60 PKR
Average price of DHA Lahore Phase 6 in 2005 = 8 Million (150,000)
Average price of DHA Lahore Phase 7 in 2005 = 7 Million ($ 116,666)
Year 2011
1 x USD = 80 PKR
Average price of DHA Lahore Phase 5 in 2010 = 10.2 Million ($ 127,500)
Average price of DHA Lahore Phase 6 in 2010 = 6.6 Million (82,500)
Average price of DHA Lahore Phase 7 in 2010 = 4 Million ($ 50,000)
Year 2013-2014
1 x USD = 100 PKR
Average price of DHA Lahore Phase 5 in 2013 = 20 Million ($ 200,000)
Average price of DHA Lahore Phase 6 in 2013 = 15 Million (150,000)
Average price of DHA Lahore Phase 7 in 2013 = 10 Thousand ($ 100,000)
Year 2016
1 x USD = 105 PKR
Average price of DHA Lahore Phase 5 in 2016 = 29 Million ($ 276,190)
Average price of DHA Lahore Phase 6 in 2016 = 24 Million (228,571)
Average price of DHA Lahore Phase 7 in 2016 = 14.6 Million ($ 139,047)
Year 2019
1 x USD = 160 PKR
Average price of DHA Lahore Phase 5 in 2019 = 35 Million ($ 218,000)
Average price of DHA Lahore Phase 6 in 2019 = 28 Million (175,000)
Average price of DHA Lahore Phase 7 in 2019 = 13.7 Million ($ 85,625)
Year 2021
1 x USD = 160 PKR
Average price of DHA Lahore Phase 5 in 2021 = 40 Million ($ 250,000)
Average price of DHA Lahore Phase 6 in 2021 = 36 Million (225,000)
Average price of DHA Lahore Phase 7 in 2021 = 22.7 Million ($ 141,875)
Summary
Looking at the above data, it is clear that profits in USD vary depending on the cycle you are looking at. Keeping your property for long periods of time is usually not a very profitable option. Smaller cycles with a stable USD PKR period are where house prices have really offered good returns.
It is also clear that an increase in USD-PKR rate does not have an isolated effect on house prices. For example during the period from 2006 to 2011 house prices fell while USD – PKR rose from 60 to 80. However, the house prices actually cover the gap.
USD and Pakistan Real Estate 2021
While the real estate market is growing according to PKR, it has barely managed to gain the lost glory of the year 2016 in terms of USD. Rather in most areas, it is still struggling as Phase 5, which is lower in terms of USD than its 2016 high.
If you have invested dollars in Pakistan in the last 10 years and you have been consistent then no matter what happened, you have earned some money. Not as much as you thought you had or believed.
That is why renting generating real estate is the key to creating wealth. Plots really aren’t the way to go if you want to create real wealth in real estate. It is the effect of drops of the rents that enriches you, and not a piece of land that lies there for all eternity.
The dilemma is that anyone who invested in Plots in 2019 or 2020 is now at least 30 to 40% richer. Where those who invested in plots in 2015 or 16 or earlier are now just breaking through.
On the other hand, everyone who has invested in rental real estate during these times enjoys their wealth growth regardless of the time frame.
Lesson learned?
When the dollar rises and real estate falls, it’s time to buy plots. However, if you want to make money regardless of when you are investing in rental generic real estate, it is the only evergreen solution.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.USD and Pakistan Real Estate
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Procedure for obtaining a water connection from CDA
The Capital Development Authority (CDA) has devised a mechanism to obtain water connections. The procedure is as follows:
- Submission of A-3 form
- Sort by the size of the plot
- Certified copy of donation letter
- Dully witnessed photocopies of NIC
- Certified photocopy of the letter approval plan
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about architecture, Lifestyle and Interior Design.
Procedure for obtaining a water connection from CDA
- Published in International, Market Overview, News, News and Update, Real Estate, Real Estate Guide, Real Estate Trends
All About Malir Development Authority (MDA)
So, today we will present a comprehensive overview of the Malir Development Authority (MDA).
Founded in 1993, MDAs have emerged with the core goal of developing the neglected residential areas and for restoration of the stalled development projects in Malir Town, Karachi. The authority was merged with the Karachi Municipal District Government (CDGK) in 2001. However, the CDGK was later dissolved leaving the MDA as an independent institution again.
Malir Town is spread to a large area having its one end in Gulshan Town while the other touches Gadap Town. Malir Development Authority is exploring new ways to initiate the provision of cheap housing in the area.
Has the Malir Development Authority (MDA) Introduced Some Housing Schemes?
As of now, the Malir Development Authority in Karachi has introduced 3 housing plans. The details listed below are:
- New Malir Housing Scheme-1
- Shah Latif City Scheme 25-A
- Taiser Town Scheme-45
NEW MALIR-LOGO-SCHEME-1
The New Malir Housing Scheme-1 has extended to about 4000 acres in the northeastern part of the city. The project was launched with the aim of providing shelter to more than a million people belonging to low- and middle-income communities. The project is located in the center of Bin Qasim Industrial Zone on the main National Highway and is adjacent to Steelworks and a connecting road to M9 highway better known as the Karachi-Hyderabad highway. One of the main highways of the country.
SHAH LATIF-URBAN SCHEME 25-A
Following the pattern of New Malir Housing Scheme-1, Shah Latif Urban Scheme 25-A has also been established to provide affordable housing units. This cheap MDA scheme has significant commercial value. Shah Latif Town is located about 20 minutes from Jinnah International Airport, Karachi. Shah Latif Town is also close to the Landhi Industrial Zone.
TAISER URBAN SCHEME-45
Taiser Town is another controversial project of the Malir Development Authority in Karachi. Taiser Town is also a low-cost housing plan with the goal of providing affordable housing options to low- and middle-income communities. The project covers a vast area of 20,000 acres.
Taiser Town is a very popular housing plan among real estate, especially in the recent past. One of the main reasons for its popularity and superiority over other MDA projects is that it was planned by an international company. Engineering Consultants International Limited (ECIL). The housing plan will offer all the basic amenities and facilities to its residents.
In addition, a 4-lane Highway the city’s main road link passes through Taiser Town. The road intersects with Jinnah Avenue and MM Alam Road near the junction of M9, Karachi-Hyderabad Highway. Therefore, we can say that Taiser Town is located in a well-connected area.
What are the roles and responsibilities of the Malir Development Authority (MDA)?
The main roles and responsibilities of the Malir Development Authority (MDA) in Karachi are as follows:
- The authority is concerned not only with the development of the area but also its role includes upgrading and prospering the existing infrastructure.
- All litigation issues on housing societies, projects and urban development in the area will be handled by MDA.
- MDA would be responsible for overseeing and approving the map of all housing developments in Malir Town.
- MDA is responsible for ensuring that the area is free of illegal interventions and they must carry out our anti-attack drives at regular intervals to counter this issue. Moreover, MDA will also monitor and counter the irregularities in the local real estate sector.
- MDA are parents of the Sindh Government. Therefore, it is responsible for organizing election events and launching investment plans for all its affordable housing.
How to reach the Malir Development Authority (MDA)?
You can visit the Malir Development Authority headquarters between 9:00 AM to 17:00 PM The office is located in Gulshan-e-Iqbal Karachi. Bangalow No G-4 / B, Block 17
You can also contact MDA by phone at (021) 99244770
So this is today’s comprehensive overview of the Malir Development Authority (MDA) in Karachi. We also addressed the main roles and responsibilities of MDA. We hope this information will help you better understand the purpose and purpose of this government-owned real estate authority.
All About Malir Development Authority (MDA)
9 Tricks to Energize Your Interior with Colors
Strengthen your interior with colorful ideas when a person wants to make some change in their home, Maybe on the condition of change if a person has their own decision and is kind of they want to become a change for someone he/she values most. Colors are an essential impetus in human life. Basically, they help a person change his mood and satisfy his soul to give him comfort, Certainly, it contributes to happiness in human life and by always having people what we choose in relation to our needs, For example, Every time we want to buy home decorations related, always with the highest priority to color.
You may have begun to like the white walls; however, the flow of time mostly wants to change a bit since you don’t need to change the whole space to bring some freshness into the home. These 9 tricks help you highlight the main parts of your home and add colorful and vibrant details.
Sometimes the smallest things work.
1. Set up The Wall Gallery
If you should decorate, try to put a lot of photos in frames, well, to refresh the wall, you can hang some decorative objects: colorful mirrors, decorative bowls, artwork, and so on. Use everyday objects you already have. With this, you will not only add color, but you will also establish an incredible focus in the room that will help enliven your interior with colors.
2. Restore a vibrant color of some furniture
Sometimes we all have items in our possession, probably packed somewhere in boxes and didn’t give them a second look. Your home needs some accessories. Instead of running to the store, take a good look at what you already have, for example, you can choose something more functional like a lively coffee table or dresser. Choose your favorite vibrant color and insert it into your interior.
3. Colorful Carpets and Rugs
Colorful prints on the carpet and rugs give warmth can create a great texture, color and personality to your living space. Area rugs can add features to your living space and use several different patterns and fabrics together to showcase your character. Either add several rugs with the same pattern and fabric, or different textures but the same color.
The options are endless, will also create a new dimension as you can change your regional rugs to reflect the seasons with warmer tones and fabrics for colder months and light colors for the warmer days of the year. There are plenty of beautiful cotton wash rugs ideal for those homes with children.
4. Fill the room with the plants
We can use an ordinary vase with flowers to add real natural beauty to any space. Moreover, you can use your imagination and make your unique floral arrangements. Add plants to your living space, in your room, few or many. Not only do they fulfill the beauty in our lives, but they clean domestic air and balance moisture, absorb pollutants and remove harmful gases from the air. Every home needs these living organisms, which makes your environment ecological and healthy. So arrange more pots and stick them to each other and always use green plants.
5. Choice for Colorful Curtains
All the beautiful interior decorators will tell you that the most important aspect of decorating your home is that it reflects who you are, your personality and your style. The ancient Chippendale desk that was your grandfather’s tells a story. It tells of your past that nothing goes wrong in putting family heirlooms next to your modern couch. There is no purpose why present and past cannot coexist beautifully together. With fabrics, whether rugs or cushions, furniture, various colors and patterns can bring warmth and texture into your home.
6. Wicker baskets
These are an economical and elegant way to add storage to any room. Wicker Baskets can be used to store and display books, decorative magazines, and architectural, towels, toys, and blankets to name a few. We also used them as small wicker baskets on the counters in your kitchen to elegantly display and preserve your fruits and vegetables.
7. Paint or wallpaper from your bookshelves
This instant color palette will revitalize every room! It’s amazing how something as simple as a coat of colorful paint can instantly transform your space. This bookcase would be simple and ordinary without the light blue interior. Mayhap the simplest and cheapest way to transform a boring space is to apply paint. Books are an ideal place to start because you don’t need to paint a large number of areas. Other fun places to add a splash of color include painting fireplace mantels, the interiors of closets, ceilings and hallways.
8. Improve Lighting Techniques To Elegant Your Decoration
The most important element is in their craft and they will probably say all the benefits of lightning. When a person tries to transform their home into a studio, it can drastically change the look of a room by rethinking their lightweight situation as it includes considering completely different lighting fixtures and it gives a specific aesthetic that affects the feel of your interiors.
A bedroom may require something more soothing, such as warm ambient light. We could always carefully consider shaping the mood of each room and the suitability of lightning.
9. Experts on interior home improvements
It has been argued that the interior of a home can offer feelings of intimacy, productivity and restoration that make perfect sense, given the time people spend in their homes. Human arguments are that homeowners tend to undertake home improvement projects that aim to improve their environment and quality of life.
Therefore always discuss with qualified designers, an Experienced Approach person who has relevant experience in that field who has worked with homeowners on every conical feasible type of interior design and listens carefully to the needs of their clients.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
9 Tricks to Energize Your Interior with Colors
Pakistan Allows Property Purchase for Overseas Non-Filers
Property Purchase Decision in Pakistan, FBR (Federal Board of Revenue) publishes a circular in which they clearly allowed foreign buyers of real estate to buy real estate more than 5 million, advertised in news stations. The requirement to be a registrant of income tax returns for inheriting property above the declared price measurement was also abolished.
The main concern about lifting the ban is aimed at easing the investment conditions of the real estate market, which is seeking attention for the foreign Pakistanis. This ban was established by the previous government to try to increase the number of taxpayers.
Read: Investing in Real Estate: 9 Simple Techniques [Guide]
The detailed information on allowing foreign non-registrants to buy property in Pakistan was shared by a circular issued on October 24, 2018, saying that the restriction to non-registrant for purchase of property worth more than 5 million was revoked for legal acquisition of property and non-resident Pakistanis.
These limits will not apply to foreign Pakistanis who will create a bank certificate as proof of foreign currency sent by other countries through common banking means. The certificate was divided into 60 days the date of presentation or shipment of fixed assets estimated at more than 50 million PKR.
The banks were also given instructions to provide a list containing details of deposits collecting Rs10m or more made during the calendar month and a list of payment made by anyone against credit card bills collecting Rs200,000 or more during the previous calendar month. They will also provide a list of people who receive a benefit due to debt exceeding Rs1m for registrants and Rs500,000 for non-registrants along with information on tax deductions during the previous financial year. The information will be given monthly.
By improvement, the government has allowed taxpayers to reconsider a tax return voluntarily until December 31, 2018, along with the payment of a higher tax rate that is 25pc greater than the tax paid with income based on income. In case no tax is payable, the taxpayer will have to pay 2pc of the turnover.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.
Pakistan Allows Property Purchase for Overseas Non-Filers
- Published in Featured, International, Market Overview, News, Real Estate Trends, Tips & Advice
Pakistan grabbed 75th rank on the Global Real Estate Transparency Index
We have not just said that all progressive news for Pakistan is due to the next government. Even after the end of the former government, something happened that can only be called an incredible consideration of the action and all the repercussions of the Sharif government of an international organization on transparency.
In the recently announced Global Real Estate Transparency Index, Pakistan moved to 75th place with a score of 3.99. In the time of past rule, Pakistan was in its worst place even behind the antagonist India and another neighboring country Iran. Against Pakistan’s growth in the rank which is 15 places, both the overhead countries have only increased their rank by one place with a score of 2.71. Unexpectedly, two countries that stood out in the news mostly in all corruption interrogations, Saudi Arabia and Pakistan, raised their rank. Economists also argue that this admirable progress may also be due to the regulatory institutions, front-end data collection, international market share, and publications of government bodies.
However, real estate has yielded remarkable performance behind this astonishing growth of Pakistan in the index. This sector has shown great progress along with the reforms, and different economic initiatives have become the main famous catalysts of this increase in the place. In addition, the tax amnesty program has also become the reason for improvement in the rankings. The most fascinating reviews of this increase have been made by officials of the incoming government. They acknowledge that Pakistan is doing nothing to overcome corruption, but the other countries have performed poorly in recent years.
To help you find out what happened, after parts on which the Global Real Estate Sector Transparency creates its index. The organization measures the action and their efforts to remove those laws that encourage the corrupt elements. Market fundamentals and the dominance of a registered vehicle. The legal transaction process and sustainable developments are the factors that help any government improve its ranking.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
Pakistan grabbed 75th rank on the Global Real Estate Transparency Index
- Published in International, Market Overview, News, News and Update, Tips & Advice, Trends
Procedure for obtaining a property report
What is the procedure for obtaining a Capital Development Authority (CDA) property report?
A candidate will be sent first. This will require a certified copy of the candidate’s ID and also a certified copy of the grant letter. The processing fee will be Rs.500, which must be paid in case of a salary order.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
Procedure for obtaining a property report
- Published in International, Market Overview, News, News & Updates, Real Estate Guide, Tips & Advice
FATF & Pakistan Economy – How Can It Affect Property Business
The Special Financial Action Plan (FATF) is the intergovernmental organization created in 1989 to address the legitimacy of the international financial sector, the war on money laundering, terrorist financing and other related challenges.
The FATF also has 39 branches, plus the European Commission and the Gulf Cooperation Council, two international organizations.
What Is FATF And Its Implications For Pakistan’s Economy
In June 2018, Pakistan was put on the gray list by the Paris Global Money Laundering and terrorist financial watchdog and asked Islamabad to introduce an action plan to limit money laundering and terrorist financing by the end of 2019.
In August, debt-ridden Pakistan sought to remove 88 illegal militant organizations and their leaders from the GAFO’s gray list and enforced financial restrictions that included a 26/11 Mumbai attack by the leader of Jamaat-ud-Dawa (JeD), Hafiz. Saeed president, and Jaish-e-Mohamed (JeM) Masood chief Azhar chief and Dawood Ibrahim chief underworld.
Based on a check on Islamabad’s success in terms of global obligations and standards of money laundering and terrorist financing (ML&TF), the virtual plenary scheduled for 21-23 October will determine whether or not Pakistan is removed from its gray list.
In September the joint session of parliament amended about 15 laws to refine its legal framework, as mandated by the GAFO. The government has already submitted its report and responded to its comments, describing the implementation of the remaining 13 acts to the FATF and its related monitoring groups.
Opportunities Of Pakistan To Get On The Blacklist Or Not?
This month’s FATF meeting will discuss the implementation of Pakistan’s remaining 13 parts of the action. In the case of violations of terrorist finances related to the commitment to risk control and financing of terrorist sanctions, the GAFO will determine whether the government has shown correct remedies and sanctions.
The government’s key areas of intervention include the successful implementation of targeted financial sanctions, including avoiding the acquisition and transfer of funding, detection and freezing of property (movable and immovable) against all 1,267 and 1,373 identified terrorists or working for them.
If the FATF concludes at its meeting that Pakistan has not met its demands, the global body is likely to make the country part of the “blacklist” alongside North Korea and Iran.
The combined failures to close the gap between demand and energy supply have caused a circular debt caused by our regulatory, social, political and economic policies. Inefficiencies in the electricity market, such as losses of transmission and supply, incorrect electricity mix, unsustainable tariff system, inadequate legislative structure (with government IPPs fleeing through inflationary bills), fertile IPP benefits, and federal-provincial shortcomings were all added. This gross inefficiency and inability of national stakeholders, especially economic managers, is now affecting the entire domestic supply chain.
FATF And The Role Of Property Business In Pakistan
In addition, the Government plans to convince provinces to revise valuation prices closer to market value to solve the problems of terrorist financing parked in the property. The FBR official said: “We have called on the Provinces to review current exchange rates closer to their market value,” adding that tax rates would be lower so that their tax impact is neutralized.
He said that in the next budget, the revised DC tariffs will be published by the province’s financial bills.
The official said, adding that members of these sectors were invited to work together to meet global standards, “We don’t want to affect real estate.”
The official said, however, that the government will have to amend the anti-money laundering law to have effective power. “I don’t know when it will happen,” he said.
Because the state wants to make a policy in the real estate sector to get rid of black capital. Media sources are aware that Pakistan will set up a “Regular Real Estate Organization” to curb black money in the market. The government will ensure, on behalf of every criminal group or illegal machinery, that land and property are not relocated.
Formation Of A Regular Real Estate Authority
In addition, the formation of the Real Estate Regulatory Authority will be supported by federal institutions.
The new regulatory authority would force real estate contractors to join the authority and obey important documents from the companies.
Against the background of the SEC, a preliminary draft on the creation of the authority in accordance with GAFO requirements has already been drafted by the Security and Exchange Commission of Pakistan (SECP).
In the meantime, the Scientific and Legal Department of SEPT is working together on additional work.
However, problems related to land taxes are omitted from the scope of the authority.
A project may be submitted for approval by the next meeting of the Federal Cabinet for the creation of the Real Estate Regulatory Authority, according to Sources.
Industrial analysts and Pakistani real estate brokers are positive about the prospects of the real estate market as the Pakistani government is now paying attention to the problems of the real estate sector as soon as possible.
The government’s steps to end terror and its attempts to eliminate crime in the world are likely to soon strengthen the country’s governing laws and order. It will raise trust between aspirants and buyers of real estate and allow them to invest in real estate.
Summarizing It: Latest Property Alerts and News about FATF
The fastest-growing economic field in Pakistan now is the real estate trade. For foreign and local investors looking for a place to put their investments, this is the real investment choice. Although the 2019 financial crisis has significantly affected real estate in the world, just like Pakistan, 2020 is the best investment opportunity as there are various improvements in this sector that are both buying and selling. Building and apartment prices are competitive and the time for expansion in this industry is right.
In short, the PTI government must realize that it can save the slippery riches only through economic compensations, prudent team changes, increased tax-free revenues, productive tax collections for purchases, a fixed tax structure for the informal economy. , Cost drop, constant service prices, export facilitation, healthy exchange cost, and FATF enforcement.
As we commission the public debt report and set up special groups on all things under the sun, it might also be time to take this very critical issue seriously.
This may be a test case that should be taken by the newly formed National Development Council, including the head of the armed forces and the regional prime ministers. Or, otherwise, every two months the blacklist threat will start to torment us, avoid investors and maintain confusion.
Let’s hope for the best!
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FATF & Pakistan Economy – How Can It Affect Property Business
- Published in Featured, International, Market Overview, News, News and Update, Real Estate, Real Estate Guide, Real Estate Trends
Transfer fee for commercial and residential plots
If you want to know the transfer fee of commercial and residential plots, then this article is for you.
The details of the transfer fee for commercial and residential plots are as follows.
- Housing: Rs.250 per square foot
- Model Villages: Rs.150 per square foot
- Business Delivery on Family: Rs. 10,000