10 Property Management Tips for Pakistan Real Estate Market
Anyone who has worked in the Real Estate Market understands how competitive it is. It necessitates a wide range of abilities that newcomers may not anticipate. It entails everything from dealing with evictions to negotiating contracts for waste collection, grounds maintenance, and janitorial services.
Aside from being an exciting and lucrative career, the road to success in the property management industry is a long and winding one. You must be well-versed and prepared for the drive if you want to get to your goal. It understands the difference between being a property manager in Pakistan and being a consistently successful property manager in Pakistan.
Consider these ten property management pointers to assist you in dealing with various challenges and scenarios in Pakistan.
Skills in Organizing:
The ability to organize is the first and most crucial talent required of a property manager in Pakistan. It includes talking with tenants, maintaining a complete record of each property, and keeping track of any forthcoming duties on a to-do list. It necessitates the competent and efficient management of obligations. In Pakistan, a property manager’s job requires handling many jobs simultaneously, necessitating excellent organizational skills.
Establishing Protocols and Policies:
To avoid miscommunications and potential difficulties with tenants, property managers in Pakistan must have policies and procedures in place. All regulations for tenants should be written down and supplied at the time of lease signing. Similarly, property managers must have protocols in place for a variety of situations.
Understand the law:
In Pakistan, a property manager must check the state’s fair housing legislation on a regular basis. Property managers may be required to have real estate licenses in some states, while others may demand different certificates or licenses.
He must keep up to date and ensure that he follows all regulations; if he has any legal questions, he should see a property lawyer or an attorney. To avoid any rental troubles, use a search engine to look up the regulations for the state in which you plan to manage properties.
Check out your Tenants:
Many experts stressed the importance of selecting the correct tenant and that there is no substitute for a thorough screening procedure. In Pakistan, it’s critical to ensure that your tenant screens are as thorough as possible so that you can distinguish between excellent and unreliable tenants. The most significant tenants are individuals who can pay on time, take care of the property, and have no criminal history.
Attempt to Resolve Disputes Without the Need for Lawyers First:
Meeting with the renter and addressing the issue helps resolve many tenant conflicts. Before threatening eviction and bringing in a lawyer, follow all property protocols. Noise violations, late rent payments, and management’s inability to enter the flat to undertake repairs are among the most typical complaints in Pakistan.
Abilities in Finance:
Because you may be responsible for negotiating lease agreements, collecting rent and utility payments, paying vendors, and tracking daily spending as a property manager in Pakistan, you must have a thorough understanding of financial management. As a result, you may utilize a search engine to look up different accounting software applications and rapidly produce reports, as well as keep an updated spreadsheet to track your earnings.
Marketing Skills:
Marketing abilities are one of the most undervalued aspects of property management that are often overlooked but are equally vital. Marketing is necessary to advertise vacant apartment units and to be able to write compellingly about them.
Knowing how to write a professional property description, take high-quality images, and create exciting video tours may help you showcase the most significant features of the homes you manage and pique potential tenants’ interest.
Maintain Thorough Digital Records:
Physical mounds of paper are significantly more challenging to sort through and file than digital records. You don’t need to waste time digging through your files for something specific, like a maintenance receipt or contact with a tenant, to find that the records are inaccurate or missing.
Make use of the Internet:
The usage of the Internet is expanding in tandem with the country’s advancement. The Internet is used for various tasks in today’s society, ranging from marketing to corporate administration. As a result, instead of fighting the times, it is wiser to evolve with them. A few examples are creating online ads for your vacant homes, finding tenants online, and researching the best maintenance companies.
Keep Regular Office Hours:
It may appear to be Pakistan’s most basic property management idea, but your renters must know when the management office staff is available for non-emergency issues. Tenants may quickly notify property management when a maintenance call is needed, rather than putting it off and letting the condition in their apartment deteriorate, perhaps resulting in costly repairs.
Conclusion:
Property management in Pakistan is a 24-hour-a-day job that requires constant attention. Property management may be both fascinating and profitable, but it requires both time and money. It’s a fast-paced, fiercely competitive market. As a result, it’s critical to have skills and abilities that allow you to stay ahead of the competition. These habits, along with self-discipline and drive, will benefit both your professional and personal lives.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Pakistan Real Estate Market.
10 Property Management Tips for Pakistan Real Estate Market
Best Real Estate Investment Opportunities In Karachi
For best Real Estate Investment Opportunities In Karachi, Karachi is the financial center of Pakistan and owning a property here is like owning a piece of gold in an otherwise volatile real estate market. The prices are always increasing and new societies with updated facilities and international standards of living make the investment in Karachi a fruitful destination.
The prices of real estate in Karachi are always increasing – one of the main reasons behind this is the difference between the demand and supply of the market. However, the real estate market in Karachi is doing better than the rest of the country due to the high business volume and rate of return on investment.
Let’s take a look at the real estate investment opportunities in Karachi:
Real estate investment in Karachi:
As the world emerges from the nagging shadows of the coronavirus pandemic, like everything else, real estate has also witnessed economic uncertainty and a slow market, but now people are looking for investment options that will benefit them in the long run.
When it comes to investment, there is no better option than property. Real estate investment in Karachi comes with countless options.
You’ll find condos, apartments, condos, farmhouses, and even penthouses in the high-rises that are popping up in posh areas of this fast-growing city.
Here are some important factors that you should consider before investing in real estate in Karachi:
Factors to Consider:
Look at these factors before making an investment in real estate in Karachi.
- Do a market survey: Before making a final decision, always do a thorough market survey. For example, the residential plots are in high demand, but the commercial properties always give higher returns, so take the decision wisely that will benefit you in the long run.
- Legal aspects of the property: Always pay extra attention to the legal aspects of the property you are going to buy. There are many land problems in Sindh and you don’t want to suffer later. Always check the legal documents thoroughly and verify them before investing.
- Check amenities and facilities: Always check the neighborhood where you plan to invest to know if the price tag is really worth it or not. Areas with facilities in the vicinity such as schools, commercial areas or hospitals will always be a property worth investing in.
Investment opportunities in Karachi:
As mentioned above, Karachi is the business center of Pakistan, and property prices are always on the rise. We have compiled a list of the best investment opportunities in Karachi to benefit you, take a look.
These are the top three investment opportunities in real estate right now. They provide you with high quality living and offer all the basic amenities along with satiate your desire for luxurious living. The locations are prime and these locations also offer customized investment plans for the ease of the investor.
Conclusion:
Real estate is often referred to as gold and there is no doubt about it. We’ve rounded up the best real estate investment opportunities in Pakistan’s largest metropolis. I hope they benefit you when deciding to invest.
Stay tuned to Feeta Blog to learn more about the Real Estate Investment Opportunities in Pakistan.
Best Real Estate Investment Opportunities In Karachi
- Published in Real Estate Trends
The best real estate investments in 2021-2022
Best Real Estate Investments:
The real estate investments has shown phenomenal growth in the year over the past 14 months. Most people seem confused because prices in most areas have already gained 60 to 70% and in some places even more than 100%.
Investing in the same areas that have gained so much lately seems like a risky investment and this raises the question of what are the best real estate investments you can make in 2021-2022?
While diversification is important, diversification is not. I don’t agree that in order to make money, you have to invest in every new property that appears on the map.
No one really has the time to study and analyze dozens of societies and observe them all the time. It is best to choose two or three best options and keep your focus.
This will eventually help you manage your assets in a better way and earn much more profit than investing anywhere and anywhere.
Real diversification is not about buying plots of land in different societies, but about investing in different types of real estate. Plots, Buildings and rental properties are the main areas you need to diversify your investments.
DHA Multan
While just like other areas DHA Multan quite a bit has been gained in the last year, yet the prices of the plot have not yet reached their peak. Although it may not show big gains in the coming year, the possibility still exists.
A realistic estimate of 1 Channel plot in DHA Multan should be 17 to 20 Million and in the coming years DHA Multan will slowly move to its target price.
It’s only a matter of time, as prices continue to rise wherever DHA Much begins to develop.
Keep your focus on blocks that are less developed and you will gain a good amount. The problem is that you will have to pay development costs amounting to 2.3 Million, let’s see how it will most likely play out.
The example below is just an expectation of an average transaction and a return on investment in DHA Multan.
Price of plot since October 2021: 110 Lacquers
Transfer expenses and commissions: 5 Lakes approx
Development costs: 2.3 Million approx
Total investment: 138 Lacquers
Expected Plot price in 2 to 3 years: 200 Lacquers
Sales expenditure and commissions: 3 Lacquers
Return: 59 Lacquers
ROI: 14.25% per year approx
Although it is more likely that prices will remain stable for a year or more, it is one of the best and safest investments for a 2 to 3 year cycle in the real estate market from now on.
Construction Projects
Over the past few years, construction projects especially luxury apartments have been hugely successful in Lahore property market.
This is the evergreen segment of real estate and has shown very high gains even between 2016 to 2020, when most people thought that real estate is declining, but in fact, only Plots, files etc have declined. Learn more about construction opportunities here
One thing to consider is the choice of the construction project. That’s why you need to study, analyze and carry out all the research just as you do when you invest in societies.
Projects are much easier to analyze and research and do not involve complex and lengthy procedures. In addition, if you search, you will easily find a cost-effective and valuable project that will give you very good profits over the years.
To make a forecast we will use an investment in the Sixty6 Gulberg apartment building. Imlaak did all the due diligence on the said project which was analyzed and recommended for investment.
Expected investment and return on Sixty6 Gulberg will most likely look like this:
Apartment size: 556 square feet
Price per square foot since October 2021: 23000 per square foot
Total Price: 128 Lacquers (Paid in installments in 3 years)
Transfer expenses and commissions: Zero
Development costs: Zero
Total investment: 128 Lacquers
Expected price in 3.5 years: 40000 per square foot
Total price after 3.5 years: 222 Lacquers
Sales expenditure and commissions: 5 Lacquers
Return: 90 Lacquers approx
ROI: 20% per year approx
DHA Gujranwala
DHA Gujranwala announced the Election on October 8, 2021, the file price of 1 Channel plot has already increased by 1 crore. Although this could be a bit of a risky game if purchased at a higher price.
However, if prices do not rise after Election, it may be a good time to look for an opportunity to buy. Although much will depend on DHA Gujranwala’s master plan and how it continues its future development, the market will respond positively to the vote due to overall positive market sentiment.
There are two possible scenarios, or the prices will jump immediately after voting, as the market sentiment is very positive and this is the most likely scenario or the prices will remain stable or crash a bit.
The second scenario, where prices remain stable or slightly crash due to selling pressure, is more suitable for investment. I believe the plot prices will reach between 17 to 20 Million in the next 2 to 3 years.
In many ways, the gain is similar to that of DHA Multan. However, DHA Multan remains my first priority from now on as it is ahead in the evolutionary progress.
If you are stuck between both DHA Gujranwala and DHA Multan, I would recommend DHA Multan and if you have the investment for more than 1 plot, then 1 each in both will be a good choice. However, a detailed analysis is only possible after a vote and it is not very far off.
Gwadar
Last but not least on this list is Gwadar, it’s like a wild card that can be played at any time. The risks are great but also the rewards, if you are one of those who like to double or triple or quadruple their money, then you can look at it.
The next two years may offer you a very good time to buy at very good prices, if the prices don’t go up earlier, they will eventually do so in the next 2 to 3 years.
The possibilities are endless, but I will only offer to invest in Sangar and New Town and strictly refrain from investing in other societies. We have all seen this happen in the last investment cycle.
The next cycle can take place anywhere from 2021 to 2024 and you may see at least a 100 to 150% gain. This makes it very difficult to predict the exact ROI so I will not go into that detail.
Conclusion
In the end, it all depends on your personal preferences because one size fits all.
However, overall, I feel that because plots and files have increased by almost 100% in about the last year or so, construction projects are the best available option offering the highest yields in the next two years. The investment priority would be as follows:
- Construction Projects
- DHA Multan
- DHA Gujranwala
- Gwadar
Stay tuned to Feeta Blog to learn more about Pakistan Real Estate.
The best real estate investments in 2021-2022
- Published in real estate financing, real estate goals, Real Estate Guide, real estate industry, real estate industry of Pakistan, real estate investing, real estate investment, Real Estate Investments, real estate market, Real Estate Market Analysis, real estate market trends, real estate marketing, Real Estate News, Real Estate Trends
BroadWay Heights Bahria Orchard
Broadway Heights Bahria Orchard
PAYMENT PLAN
BROADWAY HEIGHTS 1
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OFFICES
Property Area Total Price 30% Down 24 Month 20% On Property
Type (sq. Ft.) (PKR) Payment (PKR) Payments (PKR)
| Office | 325 | 2,600,000 | 780,000 | 54,167 | 520,000 |
| Office | 500 | 4,000,000 | 1,200,000 | 83,333 | 800,000 |
| Office | 540 | 4,320,000 | 1,296,000 | 90,000 | 864,000 |
PAYMENT PLAN
BROADWAY HEIGHTS II
______________________________________________________________________________
Apartments
Property Area Total Price 30% Down 24 Month 20% On Property
Type (sq. Ft.) (PKR) Payment (PKR) Payments (PKR)
| Studio | 327 | 2,750,000 | 1,375,000 | 45,833 | 550,000 | |
| Apartment with 1 bed | 510 | 4,250,000 | 2,125,000 | 70,833 | 850,000 | |
| Apartment with 1 bed | 579 | 4,825,000 | 2,412,500 | 80,417 | 965,000 | |
| Apartment with 1 bed | 582 | 4,850,000 | 2,425,000 | 80,833 | 970,000 | |
PAYMENT PLAN
BROADWAY HEIGHTS III
______________________________________________________________________________
Apartments
Property Area Total Price 30% Down 24 Month 20% On Property
Type (sq. Ft.) (PKR) Payment (PKR) Payments (PKR)
| Apartment with 1 bed | 450 | 3,375,000 | 1,012,500 | 70,313 | 675,000 | |
| Apartment with 1 bed | 452 | 3,390,000 | 1,017,000 | 70,625 | 678,000 | |
| Apartment with 1 bed | 512 | 3,840,000 | 1,152,000 | 80,000 | 768,000 | |
| Apartment with 1 bed | 639 | 4,792,500 | 1,437,750 | 99,844 | 958,500 | |
| Apartment with 1 bed | 643 | 4,822,500 | 1,446,750 | 100,469 | 964,500 | |
| 2-bed apartment | 697 | 4,897,000 | 1,463,700 | 101,646 | 975,800 | |
| 2-bed apartment | 761 | 5,327,000 | 1,598,100 | 110,979 | 1,065,400 | |
| 2-bed apartment | 764 | 5,348,000 | 1,604,400 | 111,417 | 1,069,600 | |
| 2-bed apartment | 785 | 5,495,000 | 1,648,500 | 114,479 | 1,099,000 | |
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
BroadWay Heights Bahria Orchard
Gold Crest – Time to move in
Introduction:
Gold Crest is the height of luxury shopping and entertainment, right in the heart of DHA. It’s more than a collection of stores. It’s a lifestyle choice; a ‘shopping entertainment’ experience where you can browse the latest clothing, chat over coffee, dine with friends, grab the latest craze and let the kids explore their own fun area. With 252,000 square feet of retail space, its air-conditioned luxury creates a cool and peaceful oasis of indulgence in our contemporary world.
Gold Crest Mall DHA Lahore is an optimal opportunity for real estate investment in DHA, Phase 4, Ghazi road, Lahore. Offering high-end luxury apartments for sale according to a flexible part plan. To further enhance the investment benefits in Gold Crest we offer a lot of investor friendly contract terms that very few real estates in Pakistan can bring to the table.
- DHA Joint Venture Project
- 24/7 Power backup
- Flexible payment schedule
- 7-8% Annual rental production
- Parking – 4 floors
- Al Fatah store
- Shopping shops – 2 floors
- Multilevel – 2 floors
- Gymnasium
- Luxury cinemas
- Restaurant
- Children’s play area
- Grocery stores
- 2 Separate Prayer Areas
Main Place
1- Gold Crest Mall DHA Lahore offers an ideal location for brand stores to attract customers
2- Located in DHA, the commercial center and chic area of Lahore
3- In close proximity to all phases of DHA, Lahore and Phase 3 DHA commercial
4- Fast and easy drive to Cantonment, DHA, Model Town and Ferozepur road
5- Great place to live for shopkeepers and socialites
Apartments are ready to move.
As our commitment to our valued customers, we always deliver on what we promise.
Apartments on 5th and 6th floors are almost ready. you can see the updated details in our recent video.
7th and 8th a floor will be ready in the next month and another floor will be ready very soon. So pack your bags to enjoy a new lifestyle at Gold Crest.
Apartments and Shops are available for resale.
For more information on the real estate sector of the country, keep reading Feeta Blog.
Gold Crest – Time to move in
The Ultimate Guide to Selling Property in Pakistan
Selling and Transferring Property in Pakistan is a regular occurrence in the country, where hundreds and thousands of people sell and transfer property. For those familiar with the process, the transferring procedure might just be a piece of cake. But for people who are new and confused about where to start, you’ve come to the right place.
Before we jump into the tricky aspect of this process, let’s clear the air about what exactly transferring property means and why it is an essential aspect of buying and selling property in Pakistan.
What do we mean by transferring property?
As per the law, any individual who owns a property should have the land or property verified under their name. The land should be under the designated ownership; only then can they sell the property to themselves. This is the basic requirement of selling a property.
In Pakistan, the transfer of any property generally consists of the owner transferring the title of the land from one person to the other. Transferring property can occur in multiple ways for various reasons, such as a mortgage, gift deed, inheritance, lease, exchange, etc. All such explanations are why transferring is an essential legal procedure.
Who is eligible to transfer property?
All individuals who can sign a contract are authorized to transfer property ownership in Pakistan. According to the Contract Act 1872, a contract is claimed as a binding agreement between two parties, meaning that it is a legally binding document for any sale and purchase of land in the country.
There are a few exceptions for people who are not eligible to transfer a property:
- Minor: Anyone under the age of 18 is a minor and therefore cannot carry out the process.
- Unstable Individuals: Someone who cannot understand the consequences of their actions, for instance, that of a mentally ill person. Other reasons can be permanent or temporary physical disability such as a Coma etc.
- Legally Barred Individuals: Someone barred from signing contracts cannot transfer property in Pakistan.
What are the steps involved in transferring and Selling a property in Pakistan?
The transferring process, although time-taking, is a simple and easy process with not many legal proceedings. We’ll break down the process into different steps to help you better understand.
Token (Bayaana)
This is the very first step of selling after you’ve successfully secured a client. This involves the buyer giving approximately 1 / 4th of the total price. If not the exact percentage, there is an agreed amount between the buyer and the seller to indicate an agreement from both sides of the party.
The Token (Bayaana) is given by the buyer with a series of negotiations and based on a contract, in which all details are specified. After this, the seller holds negotiations with any other potential buyers.
Usually, a specified period is set and written in the contract for the full amount to be paid. If the sale falls through, the token is returned. But if the full amount is not paid in the specified time, the seller has no obligation to return the token, even if the sale doesn’t go through.
What is a Property Sale Agreement and how can we get it?
A sale agreement contract is a set of required documents that include all information related to the seller and buyer involved in the transfer process. In Pakistan, these are the required documents that are attached with the Bayaana form:
- Complete details of the property with the property owner’s verified name
- Terms of sale for the property
- The total amount of money which the property is being sold for
- Final date for the buyer to pay the remaining sum of money
What is the complete list of documents required?
To carry out the transfer process smoothly, you need to collect the following documents organized. You’ll need:
- Recent Passport Photos of both parties involved (Buyer and Seller)
- Photocopies of National Identity Cards of both parties
- Original Purchase Deed of the Seller (From the time they purchased the property)
- The original ‘Sale deed’ which is the agreement contract between both parties
This list of documents can also include some more documents depending on the province, region, area, etc. (A lot of documents, we know, but verified property takes tough measures!)
- A ‘Record of Rights’ also known as Fard-e-Malkiat, is a form that can be obtained by the seller from the property registration office. This guarantees that the property is under the name of the seller.
- You’ll need a Non-Demand Certificate (NDC), a document that shows you don’t have any fine due on the property. Depending on the location, you can get this from the local development authority’s office.
- For properties in private housing schemes, there is the need to request a letter from a particular society to carry out the property transfer. This can be used in place of the Fard-e-Malkiat document.
Possession of Stamp Paper and Tax Payment
Source: Pinterest
This is one of the essential and final steps of the transfer process. You’ll need a stamp paper to draft the deed for the sales; that will be the contract for the sale. You can choose. Buyers; will be required to pay stamp duty and taxes during this step.
Let’s take a look at this easy breakdown of the tax duty involved:
- Stamp Duty 3%
- Capital Value Tax 2%
- District Council Fee 1%
- Fixed Registration Fee PKR500 (Can differ as per govt. Order)
Drafting the Sales Deed
In Pakistan, the sales deed is usually recommended to be drafted by a property lawyer or a property agent aware of the bylaws and the rules involved in the process. This is a particularly safe option to avoid any complications that might arise in case you are doing it yourself.
Although, people who are selling and buying property as a business have become familiar with constructing the ideal draft for this deed, which can be done easily with the help of the internet. However, the common practice and recommendation are to take the help of a lawyer to avoid any future complications that may occur.
What do we do after drafting the Sale Deed?
Source: Freepik
Finally, after a long process, you’ve reached the last step. You can take the sales deed (inscribed stamp paper) along with the required documents to the registrar’s office. From here, the sub-registrar will call both parties simultaneously and hear their verbal agreement for the trading of property.
You’ll need to sign the documents and put in your fingerprint to verify the final sale and complete the transfer process. Once this is done, the official will register the sale deed successfully, then the transfer process is complete, and the property is now successfully transferred to the buyer.
How much is the Commission for the Property Dealer Involved?
If you’re wondering what the person who helped you secure a client and help you proceed with the sale and transfer of the property is, there is a commission that the dealer/agent gets from the client. Although there are no specific laws to govern and record the work of real estate agents and dealers in Pakistan, the general practice remains a constantly changing variable and experiences changes from time to time.
Usually, the commission of property agents comes to around 1% of the total value of a property. This 1% of the value is each from the buyer and seller as the commission to the dealer. If the buyer and seller both have different agents, then both agents get to keep a 1% commission each from their own clients. Sometimes, property agents will ask for as high as 2% of the property value, or even lower than 1%. The amount varied according to the success, reputation of a property dealer, or property value.
Suppose you’re looking to learn more about the legal aspects and procedures involved in property buying and selling. In that case, you can stay connected with our blogs at Feeta.pk, where you can easily find comprehensive information to guide you through the real estate market.
The Ultimate Guide to Selling Property in Pakistan
- Published in Housing Schemes, Infrastructure, International, Property Business In Pakistan, Property Consultant, Property In Pakistan, Property Laws, Property News, property sell in pakistan, property selling, Real Estate, real estate business, real estate buyer sales, real estate financing, real estate goals, Real Estate Guide, real estate investing, real estate investment, Real Estate Investments, real estate market, Real Estate News, Real Estate Trends, USA
Key Property Inheritance Principles
These are the Principles of Property Inheritance That You Need to Know:
A legal heir is defined as an individual who is entitled to a share in the assets of a deceased person. These may include real estate properties, insurance amounts, bank account holdings, stocks, bonds, shares, etc. As per the inheritance laws of Pakistan, which are based on the Islamic Sharia law, the legal heirs of the deceased can only include the spouse, parents or children.
Feeta.pk has compiled the key highlights of the process, laws and rights of succession in Pakistan to help you navigate through what is otherwise a convoluted affair.
The purpose of a legal heir certificate
Once the death certificate of the deceased has been obtained, only the successors are eligible to apply for a legal heir certificate. The legal heir certificate is a document required for recognizing the legal heirs of a deceased person. It can be used for the following purposes:
- For claiming insurance
- For processing the family pension of the deceased employee
- To receive two such as provident fund, gratuity etc. from the government
- To receive salary arrears of the deceased
The purpose of a succession certificate and how to obtain it
On the other hand, a succession certificate is issued to transfer both movable and immovable properties of the deceased to his / her legal heirs. The letter of administration grants the right to administer the estate of a deceased person.
Any one of the legal heirs can apply for a succession certificate. The Succession Act 1925 governs all the procedures related to succession certificates in Pakistan. In case of multiple legal heirs, each party can apply for the succession certificate individually and the court can issue it to them according to their share in the property. Another alternative is that all legal heirs can file a joint application in favor of one legal heir who can distribute the property among other heirs afterward.
The Government of Pakistan also introduced a secure online portal in 2021 that provides letters of administration and succession certificates within 15 days, as opposed to the previous timeframe of 2-7 years. This was developed by the Succession Facilitation Units of the National Database Restoration Authority (NADRA) with the aim of removing any unnecessary delays and hassle during the process.
This is especially an advantage for overseas Pakistanis, who would not be required to make an appearance at courts anymore to receive the succession certificate.
The digital certificate has several security features, including a real-time verification facility. The process to obtain it can be completed in just a few, simple steps:
- Initiating the application:
The successor has to provide his / her national identity number and the death certificate of the deceased. - Recognizing the legal heirs and assets:
The applicant has to give relevant details of the legal heir (s) along with information related to the deceased’s moveable and immovable properties. - Verifying the legal heirs:
All the legal heirs mentioned in the application have to visit Nadra’s registration center for biometric verification. - Advertising:
NADRA will publish a notice in newspapers to ensure there is no one who has any objections against that particular application. - Printing & delivery:
If no opposition comes forward within 14 days of publication, the letter of administration/succession certificate will be issued to the applicant.
It is important to note, however, that each province has its own conditions for which documents are necessary for initiating the succession certificate procedure.
Laws of inheritance in Pakistan
There are two laws that protect the rights of inheritance in Pakistan:
- The Muslim Family Laws Ordinance (1961), gives effect to certain recommendations of the commission on marriage and family laws.
- The West Pakistan Muslim Personal Law (1962), consolidates and amends the provisions of the application of Muslim Personal Law (Shariat).
A few additional things to note are:
- There is no inheritance tax in Pakistan.
- The last domicile of the deceased also dictates the division of inherited property.
- If the deceased gifted a property to another party in their lifetime, it cannot be contested in court after their death.
- Legal heirs can only distribute properties if the outstanding debts of the deceased have been settled.
- If a legal heir passes away before the distribution of inheritance, their share will be divided among the other heirs.
- It is highly advised to hire a lawyer for the distribution of inherited property.
Women’s rights of inheritance in Pakistan
There are many cases where female heirs, especially in Pakistan’s rural areas, lose out on their share of inheritance in favor of male family members. This is mostly due to their lack of awareness of women’s legal property rights. The Enforcement of Women’s Property Rights Bill was passed in 2020 to ensure their rightful inheritance.
According to Section 498A of the Prevention of Anti-Women Practices Act (2011), it has also been termed illegal to deprive women of their inheritance in any manner. Any violation of this act will be punished with imprisonment of 5-10 years or with a fine of Rs. 1 million or both.
The inheritance rights of women have been outlined below:
- The wife of the deceased will receive 1 / 8th of the inherited property if she has children. If she does not have any children, she will own 1 / 4th.
- The mother of the deceased will 1 / 6th of her son’s property. If the deceased had no parents or children though, the mother will receive 2 / 3rd.
- If a female has one or more brothers, she will receive half of their share after their father’s death.
These can still vary in cases of special circumstances.
For more details on property inheritance, visit Feeta blogs.
Key Property Inheritance Principles
- Published in International, property, Property Laws, Real Estate, Real Estate Guide, Real Estate News, Real Estate Trends, Zillow
Government Plans 9 Housing Developments Abroad
The Ministry of Abroad Pakistanis and Human Resource Development (OP&HR) has put up nine residential complexes throughout Pakistan to house overseas Pakistanis. The Phase-1 Lahore Overseas Pakistanis Foundation (OPF) Housing Scheme, Phase-1 expansion, and Phase-II OF Farmhouses in Larkana, Dadu, Peshawar, Gujrat, Chitterpari Mirpur AJK, and Zone-V Islamabad are all under development, according to an official source. He said that such programs gave overseas Pakistanis millions of acres in attractive localities including Islamabad, Lahore, Gujrat, Peshawar, Dadu, Larkana, and Mirpur.
The federal government has decided to start developing nine housing developments for Pakistanis abroad all around the country, according to the Ministry for Abroad Pakistan & Employment.
Lahore Overseas Pakistanis Foundation Housing Scheme Phase One, OPF Farm House Phase One Expansion Plan and Phase Two Construction, Larkana, Dadu, Peshawar, Gujarat, Mirpur Jammu & Kashmir, and Zone Five are among housing projects mentioned by ministry authorities. Housing projects are planned in Islamabad.
The federal cabinet has received an update from the Interior Ministry on the issue and will make a decision soon. This apartment complex would be built on Park Road Zone Four in Islamabad, according to the source. The research will benefit around 40,000 individuals, with 6,000 housing units included.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
Government Plans 9 Housing Developments Abroad
5 Tips To Increase Rental Property And Maximize Income
The appearance and functionality of your rental property have a direct correlation to the rental income it can produce. By investing in the right improvements, you can charge your tenants more. This can result in higher rental income in the long run.
However, there is a fine line between improvements that allow you to increase rental income and those that are unnecessary or superfluous. You need to determine who is who so that you don’t end up paying for expensive renovations that do nothing to your rental property.
Here are five simple but effective improvements that can increase your property value and, eventually, enable you to earn more rental income:
1. Improve The Exterior Of Your Property
The exterior of your property is very visible, and how it looks can create an impression. You find it difficult to attract tenants and encourage them to live on your property if your exterior looks poorly maintained.
One of the easiest ways to enhance the value of your rental property is to take care of your exterior. As a landlord, you should put in the time and effort to make sure your exterior is in pristine condition. You can achieve this goal by:
Pressure to wash your exteriors:
Hire professionals to take advantage of their press wash services to remove dirt, dust and other debris from your exterior. Pressure washing also removes mold, keeping your rental farm cleaner and healthier.
Painting your front door:
The front door attracts the attention of tenants and sets their expectations on what they can see inside the property. Increase their excitement by painting your front door in bold color. If your exterior is painted in nude shades, go for light shades of red, blue, yellow or orange for your door.
Pay attention to the landscape:
Check the general condition of your landscape and remove weeds and dead branches. If your outdoor space allows, you can plant more flowers and invest in a water feature, such as a pond or fountain.
2. Refresh The Bathroom
How the bathroom looks and works can significantly affect a person’s mood throughout the day. Can you start the day in a positive mood if the bathroom looks dirty? How can you enjoy your bath or shower if the bathroom lacks essential amenities? Tenants will probably feel the same way, so make sure to upgrade your bathroom.
You don’t need to break the bank just to improve your bathroom. Here are some cheap bathroom renovation ideas that will definitely make the space look and feel new:
- Mess up to make the space look bigger and feel cleaner.
- Experiment with bathroom wallpaper.
- Invest in stylish storage, such as an open shelf and the use of wicker baskets.
- Swap expensive floors for affordable materials.
- Raise old bathrooms by adding new paint or upgrading hardware.
3. Work On The Kitchen
Many tenants will choose to pay more, provided they get the most functional and attractive kitchen. In addition to cooking and preparing meals, tenants were more enthusiastic about the kitchen, as here they would entertain guests and even hold parties.
Contrary to popular belief, you don’t need to spend thousands for a successful kitchen renovation. Like the bathroom, there are inexpensive kitchen improvements that can change the overall look of the space, such as:
- Adding artwork to the walls to create focus
- Adding more seating furniture
- Change the lighting fixtures
- Changing your cabinet doors and hardware
- Instead of replacing kitchen floors, paint them with a neutral shade
4. Add New Living Spaces
The more housing your rent has, the higher the rent you can pay your tenants. This will allow you to earn more income in a shorter period of time.
Evaluate the layout of your property and see if it can still support another place to live. For example, if your wolf property has a separate dining room, consider converting it into another bedroom, or if it’s a large room, split it into two bedrooms.
5. Offer an Outdoor Recreation Space
Gone were the days when tenants only entertained guests inside the home. Today, more and more people would choose to hold meetings in outdoor spaces as these offer a change of scenery and a fresher atmosphere.
Another way to increase the value of your rental property is to offer an outdoor recreation space to your tenants. Depending on the space available, you can add a deck, beauty or some outdoor furniture and BBQ. All of these updates are sure to attract tenants and make your rental property more valuable.
Upgrade Your Rental From Today
The housing market worldwide is full of thousands of wolf holdings. Fortunately, there are many ways for yours to stand out, namely by following the tips presented in this article. These tips are enough to make sure your rental property meets modern standards and attracts as many tenants as possible.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
5 Tips To Increase Rental Property And Maximize Income
Required NOCs and Approvals for CDA Jurisdiction Housing Projects
The Capital Development Authority has published a comprehensive list highlighting all approvals and Certificates Without Object (NOC) required for the process of investment and development in Pakistan’s real estate market.
Feeta.pk brings you a list of required documents for NOC / approvals for a project in a plot of approved housing. It is as follows:
- Ownership Documents:
- Grant Letter or Certificate
- Possession Letter
- Demarcation Certificate
- NOC and Approved Layout Plan of Housing Scheme.
- No Object Certificate (NOC) by the authority to Process the construction Plan approvals in CDA.
- Approved Layout Plan.
- Letter of approval from Project Control Committee (DVC).
- Approved Letter of Construction Plans.
- Approved Construction Plans controlled by the Competent Authority.
- Certificates for third exams:
- Certificate of Control Structural Project
- Mechanical, Electrical and Plumbing (MEP Certificate)
- Fire Extinguishing Certificate
- Access Road Approval (In case of CDA main avenues & Astride Roads).
- Approved letter from National Highway Authority (NHA) (In case of GT road).
- Altitude of Free Certificate of Civil Aviation Authority (if in the vicinity of Airport or to reach maximum altitude).
- Useful Connection Approval:
- Approval letter from Sui Northern Gas Pipeline (SNGPL)
- Letter of approval from Islamabad Electric Supply Company (IESCO)
- Letter of approval from Water Supply System
- Approval letter for Fire System.
- NOC / Environmental Approval of Pakistan Environmental Protection Agency (PakEPA).
- Construction Complete Certification.
For more information on the real estate sector of the country, keep reading Feeta Blog.
Required NOCs and Approvals for CDA Jurisdiction Housing Projects
Real Estate Investing: Still a Smart Move?
Billionaire industrialist Andrew Carnegie once said that 90% of all millionaires earned their wealth by owning real estate. Real estate investing continues to be one of the best ways to make money and grow wealth.
Tax benefits, appreciation, diversification and protection against inflation are just a few reasons that people invest in real estate. Many like to own tangible assets instead of stocks or bonds.
For investors, there are many options, including single-family real estate, commercial real estate and Real Estate Investment Trusts.
There are properties available across a wide range of budgets. For example, a home mortgage in Virginia Beach, A VA with an average home price of $ 310,000 will be significantly less than a home in Ventura, California, where the average price exceeds $ 700,000, or in San Francisco, which now has an average sale price of $ 1.3 million.
Let’s take a look at the different types of real estate investing, check the current state of markets, and hear what some experts have to say for everyone.
Investing in Single Family Properties
Domestic values in the United States have exploded over the past year. The average selling price for a home in May 2021 was just over $ 350,000 and the average selling price was up 23.6% more than a year ago, according to the National Association of Real Estate Agents (POMEGRANATE).
With mortgage rates still at some of the lowest levels in the past 50 years and charged demand after a year of life with the threat of COVID, most experts predict at least another year and a half of rising prices.
Not everyone agrees. A recent survey revealed that 41% of respondents predicted the house market bubble is created sometime in 2021 and will start pricing along with the downward slide. More than a quarter thought low prices would not occur until 2022 and 13% did not predict another housing market.
The economy that caused the housing crisis in 2008 was significantly different than in today’s market. In 2008, the housing crash was caused by subprime mortgages, which were written in record numbers, then put together and resold at an astonishing rate. The industry has learned a lot since then and is more cautious about lending. The government is also more experienced in protecting the housing market, such as the tolerance and market modifications it has made during the pandemic.
Investing in Commercial Real Estate
The commercial real estate market is recovering more slowly and has not yet reached pre-COVID levels, according to the NAR.
Performance for large-scale commercial real estate decreased by 28% year-on-year after 1 2021. Transactions for portfolios exceeding $ 2.5 million decreased for all types of real estate except hotels. For smaller commercial real estate portfolios of less than $ 2.5 million, transaction volume decreased by only 1% year-on-year.
Prices are also falling, as average real estate is up 6% less than a year ago.
Experts expect the market to continue to recover, but fear that employment trends could impact some sectors of commercial real estate. With companies shrinking and increasingly allowing employees to work from home, there are some concerns that organizations will need a smaller footprint. The Wall Street Journal, for example, reported on this 42 million square foot of office space was marketed in Q2 and Q3 of 2020.
Real Estate Investment Trusts (REITs)
There is also growing activity in Real Estate Investment (REIT). REIT is backed by a company that uses investment funds to buy and exploit income real estate. They are bought and sold in the market like stocks. These have also become attractive to investors who want to include real estate in their portfolios but do not want to make a traditional property.
REITS, in essence, works similarly to dividend-paying stocks. They have to pay 90% of their taxable profits in the form of dividends to maintain their REIT status, which allows them to avoid paying corporate income tax.
REIT shares buy and own buildings. Mortgage REITs provide real estate and may include mortgage securities.
While REIT decreased by more than 5% in 202, according to the FTSE Index Nareit All Equity REIT, many fund managers have a positive outlook for REITS in 2021.
Is Real Estate Investing Right For You?
Currently, high valuation rates and negative yields of many government bonds are not aimed at attractive bids. Interest rates, expected to remain low at least until the end of the year, will continue to make real estate investment attractive options for many business borrowers.
Investors should always compensate for any investment against other potential opportunities. Every investment is subject to risk.
Whether real estate investing is right for you and your investment portfolio will depend on the totality of your finances, risk tolerance and investment goals.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
Real Estate Investing: Still a Smart Move?
Factors That Govern the Real Estate Market
Pakistan’s real estate market has gained momentum over the past decades now. Investors see it as a great new horizon to invest and make profits, making the market more attractive to new investors both medium and long term. Investing in the real estate market is not easy. There are many factors that affect the market, and it is essential to gain knowledge before making any move to invest. To understand the fluctuation, we need to study the factors individually. Although there are many elements including, demographics, economic growth, affordability, laws and policies, and so on.
Here are a few that mainly change the game.
1. Location
The first and most essential element is the location of the property. The better the place the higher the price. Therefore, the real estate in the city center is more expensive than the real estate in the surrounding area. Location controls many other factors including, commuting, and access to facilities. Proximity parks, schools, facilities and proximity to the city are all great additions; therefore control the price of the property.
If you are buying property, the location should be very considerable. In Karachi, the most notable regions are, DHA, Clifton, PECHS and SMCHS and so on. Similarly, if you are shopping in Islamabad, places like DHA, I8, Bahria etc should be considered. Lahore on the other hand is famous for Cantt, Model Town and DHA.
No matter if you are investing in a business or buying a house, location is the first consideration. Although this will cost more than the others, this is a factor that needs serious consideration before making any decision.
2. Physical state
The second in line is the state of the property. Sometimes the state of the property is zero and the only money involved is for the location and size of the plot. To invest in real estate, conditions play a vital role. If you are interested in buying a newly built house, you may have to pay more than buying an old building. It is always preferable to buy a well-maintained or new property instead of investing in a property in a poor state.
The condition of the property includes the interior and exterior. Critical and intentional inspection of the property is essential. Before concluding the deal, check for everything from murals to appliances and furniture arrangements; each plays an important role in access to the state of the property. You don’t need a house that needs a lot of repairs and maintenance if you pay a quick sum of money.
You can negotiate the price once the condition of the property is accessed. The price is negotiable if you find problems with the condition of the property. Anything damaged or broken can help you in negotiation. This negotiation will save you some money to raise the status of the purchased property.
3. Limit Appeal / Surroundings
The main element that adds value to the physical condition of the property is the quality of its surroundings. If the property is surrounded by low-valued shops like mechanics etc, the value will be low. The surroundings can be improved and this improvement will add value to the property price. The overall appearance of the property makes it more expensive.
A good car garage, a plantation outside the property, a decorative driveway and lights can multiply your profit. This is one aspect that can be worked on at any time. If your house looks good from the outside, you can always ask for more price resulting in more profit.
4. Government Laws and Policies
Policies about where you live or intend to purchase property also have a big impact on its valuation. A change in policy causes a price fluctuation. For example, the recent change in the law on share buying has caused a decline in the price of shares.
When buying any property, you need to check the policies currently in force.
5. Facilities and Installations
Ease of living in the new standard of modern society and place. And usually, all newly built properties, whether apartments, built-in communities or corporations, all compete to provide customers with everything that can be arranged.
Generators, elevators, community halls, gyms, swimming pools, parking, electricity, and water supply are all part of facilities and facilities. Most people
prefer PECHS instead of DHA only because of the constant water supply. Older communities and properties where such high-tech facilities are lacking often cost less.
Access to Public Transportation is another advantage to property taxes. Other facilities include supermarkets, hospitals, and parks, which all add value to the properties in the vicinity.
6. Security
No one is willing to buy property in an area where security is an issue. Everyone expects a safer and safer environment. Location and security go together. Because security primarily depends on the location of the property.
Inbound communities and societies are a new cart. The 24/7 security of these built-in communities is a valuable addition that cannot be ignored. The addition of guards, CCTV, and a high-tech security alarm further enhances the property.
7. Demand and Supply of Property
As the world changes, so do the choice of people. The trend to buy an apartment with a picturesque view in a tall building has increased the demand for such kind of property and therefore the prices are higher.
Most people are interested in buying property in urban centers, creating a superior demand. According to the economic rules, the higher the demand the higher the price. Meanwhile, in places where property abounds available and less demand the prices are lower. On the other hand, if prices are too high, demand falls resulting in an imbalance of supply and demand.
It is imperative to study the demand and supply of real estate before buying one.
The above-mentioned factors are the basic ingredients of real estate but are not limited to these. There are many factors that govern the price of the property. It is important to study every factor before making a big decision to invest in property. This article is written to educate people about property valuation. We intend to help everyone with future property issues.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
Factors That Govern the Real Estate Market
Portraying Personality In Interiors Under 40 Sqm (Includes Floor Plans)
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Each measuring just under 40 square meters, these three apartment interiors in Odessa, Ukraine, inspire three different personality types. Our first tour takes us to a sophisticated home with a bronze framed glass wall design, unique modern furniture ideas and an unquestionably luxurious kitchen project – despite its small proportions. Our second stop is made at a simple, young and sturdy apartment interior, designed for tenants, with another glass wall project that lends light to a multi-purpose living room. Color seekers may like our final prominent interior, where rich color accents add a touch of the unexpected. Floor plans included at the end of each tour.
This complex living room belongs to an apartment with one bedroom of 35 square meters, located in a multi-storey apartment complex. The low-back design of a stone gray modular sofa makes the small area appear open and therefore more spacious.
The compact apartment consists of a combined living room and kitchen, a glass wall project and a bathroom.
Minimal amounts of furniture, a hollow decor and a limited material palette allow emphasis to fall on the remaining high-quality elements and sea view. Thanks to the glass wall, the ocean panorama flows unhindered throughout the width of the apartment, creating an immediate factor entering the home.
A custom-cut frameless mirror was formed in accordance with the front door of the apartment, which creates a false window effect on the solid empty entrance wall.
A unique faucet adds a shiny copper accent to the clean white kitchen island.
The glass walls of the bedroom are framed by matching copper surrounds.
The TV wall is an understated thing, kept streamlined to keep the full functional width of the space.
A square kitchen sink lies sharply into the untouched marble roof.
A unique bathroom sink gives the all-white bathroom an interesting focus. LEDs emphasize the floating characteristic of low, murmur vanity.
Floor plan.
Then we move on to a rented apartment of 37 square meters. A cool white and gold wood tone colors the multifunctional living space.
A small dining table set overlapped the change of floor covering, standing across and white tile from the kitchen and the solid pine board from the living room.
A small workshop is arranged inside the bedroom, with a simple floating desk and a coordinating white swivel chair.
Pine panels form a comprehensive bedboard design that expands the spatial sense.
In the bathroom, a modern pedestal sink and a round vanity mirror smoothly match their identical diameter.
Floor plan.
Our third small home tour in Odessa, Ukraine, takes place in a 35-square-meter apartment. The customers asked for a subtle monochrome decoration scheme but short colored moments made the final cut. Burgundy softening visually warms the small living room, and sets it apart from the nearby dining room.
Two workstations fill the opposite side of the compact but functional living room.
Pale gray scattering cushions and matching throw separate the solid burgundy sofa design.
In the hallway of the home, deep charcoal storage contains a lighted screen corner that shines a welcoming glow at the front door.
The full-grain storage volume flows around the corner to blend seamlessly with the small kitchen design.
Fresh white crown melting neatly fuses the built-in storage volume with the structural walls of the apartment.
Wall-mounted pendant light makes for a delicate accompaniment to the small dining table.
Gentle atmospheric light sets the scene for a comfortable dinner for two.
The living room TV is inserted next to the dual workplaces. A repositionable TV wall bracket allows it to swing outward to face the sofa, or stay angled to the kitchen or dining room.
The small kitchen is broken into two walls of full-height dark gray units and a contrasting wall of bright beech base cabinets and tops. A charcoal ceiling panel bridges the kitchen, connecting the darker elements.
A charcoal gray bed sheet panels strip through a lighter gray paint inside the bedroom.
A unique tray top side table adds a fun burst of bright burnt orange that dominates the monochrome scheme.
The foot of tailored bedspreads under a row of wall cupboards.
Recessed shelves cause a break between the closet and a built-in toilet.
A burgundy vanity stool adds a rich note to the makeup table, and ties back to the lounge accent color.
Laundry equipment is located inside the compact bathroom. Unique bathroom lighting illuminates the pool.
An open shelf is available to store soap dispensers next to the basin and a food remover for the laundry.
Textured tiles elegantly darken the lower third of the bathroom and engulf the bathtub, while the upper walls are light and bright.
Atmospheric light washes the tiled wet wall.
An ultra narrow heated towel adds a playful baby blue accent to the small space.
Floor plan.
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Portraying Personality In Interiors Under 40 Sqm (Includes Floor Plans)
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DHA Lahore Real Estate Market Analysis May – June 2021
From time to time I emphasize that DHA Lahore real estate market is speculated by the introduction of Amnesty plan by the Pakistani government to raise taxes with more cash flow in this market whether it may be black money or ex-flats buying for their homes, who lost their businesses and jobs due to the Pandemic.
An amnesty plan gave this market a parabolic run, but theirs was also of real interest also from the emigrants and smart money prevented their money from this relentless inflation on a daily basis.
What needs to go up has to be a general phenomenon of almost every market, although it assures me that when the market often shows a very sharp position without any basic fundamental reason and general economic strength, it usually reverses to its previous year’s highs. Admittedly my opinion of the market often contradicts the general herd or real estate, because of being in Feeta.pk, I have always followed the principles of my mentor Captain Shahnawaz, who is to inform the client about the real situation of the market instead of trapping them in speculative behavior of the market.
Feeta.pk has always wanted to make well-informed decisions based on research and development on which we always consider many different issues that feed the real estate market, the very basic reason for Pakistan’s speculative behavior in the real estate market. the dollar index and we have been following a dollar index for many years and that is why our forecasts for DHA Lahore real estate market have always been targeted.
To see what the Dollar index predicts now.
Dollar Currency Index breaking
Well, the dollar favors the real estate market in Pakistan because what is the chart says it is a huge weakness in the dollar which means people would not like to hold the dollar and everything related to the dollar will appreciate whether it is about precious metals or real estate market but on the other hand, where will there be a stop?
Rising inflation and all economic factors make me curious that there is more counterproductive action coming to the real estate market, but there is only one disadvantage that I think buyers should consider, and that is not a further extension of an amnesty plan that presents a huge. risk if buying the highest market, so be very careful. Buy in less risky places like High Buildings ie Sixty6 Gulberg or LAHORE SMART CITY.
An artificially pumped market is often very risky because it fails badly and on the other hand natural growth remains longer and presents less risk for landfills.
So let’s understand what the difference is between natural growth and artificial growth.
Now let me explain the Golden Diagram for the general understanding of what impulse runs in any market and can bring sharp corrections at any time.
When you look at the chart, you clearly see that while gold had a healthy top behavior, suddenly by the end of 2007 an implosive move gained the appeal of major players around the world, so it went from almost $ 500 to almost $ 1900 in just 4 years. which is almost 3X and then after that sharp impulsive move Gold almost made a correction to $ 1000 in the next 5 years.
The common behavior of all markets is related to each other, but they only differ in time because some markets are unstable and they correct sharply, while others need time, but they are often similar in behavior.
I personally feel that Dha Lahore real estate market may not have seen the top yet, but it is very close and may take some time but the correction will come so the smart investor will always make smart decisions and be the only seller while everyone buys.
The secret to our success is the loyalty and trust we share with our investors, we win when you win.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
DHA Lahore Real Estate Market Analysis May – June 2021
Things to consider before purchasing a property
When choosing a house, you must take into account the physical condition of the property to the legal aspects that will allow you to know if the home of your dreams compares to or is identified with your lodging needs and spending plan.
Purchasing a house or condo is speculation that ought not to be trifled with. For this reason, it is so necessary to take into account certain aspects before becoming the owner of your own house or apartment.
So here is the list of things that you should keep in mind before buying a property:
Be minimalist when choosing a home
The process of looking for a house is very exciting; it is easy to get carried away by the most significant properties, those with the best decoration, the best floors or the best furniture. Those shine a lot brighter than small properties with simpler finishes.
The fact of the matter is, you will pay more for that additional room and for the conveniences. The proposal is that you begin visiting houses with costs that are near what you have saved. If you prefer to see it differently, start from the bottom and work your way up in case you can’t find something that stands out or, as the properties meet your needs and fit your pocket.
When you start your search in reverse, that is, visiting and idealizing the largest and most luxurious houses, those that are often out of the budget of a first-time buyer, you run the risk of biasing against tiny houses or apartments. Your base of comparison will be that dream home that is not necessarily a good investment since buying it would mean a tremendous financial weight and not a step in the formation of your wealth.
Keep an eye on the mortgage you take
Buying a house or apartment through a mortgage loan is the best option, but paying it off before 15 years is ideal. Choosing to finance for a term of fewer than 30 years allows you to pay less interest in the financial institution. This is because the 15-year mortgage is not only much shorter (which means you will be paying more principal each month), but you will also have a lower interest rate.
Do not exceed 40% of your salary in the payment of a property.
This is a good rule of thumb for financial health when buying a home or apartment. The first thing you should consider is the monthly payments of your existing doubts; then, you will have to add the monthly payment of a mortgage with a term of 15 years. If the total adds up to more than 40% of your monthly salary, then you are risking living on a tightrope, financially speaking, so you will have to reconsider or discard the purchase of that property.
If you exceed that percentage, we suggest you continue saving to buy that property or try to find properties with a lower price. Do not forget that there are expenses when buying a house or apartment that you must pay on your own even when you are granted a mortgage loan, for example, the deeds, the payment of taxes, the fees of the notary public and the real estate agent.
Furnish with the basics
Unless you buy a semi-furnished or fully furnished property, you will have to spend a good amount of money to purchase basic furniture and appliances.
One of the first things you will discover in the first days you spend in your new home is that it can look a bit empty and austere. The temptation to fill it as soon as possible will be latent. However, it is best to cover those gaps with second-hand or cheaper furniture. That way, you will meet your needs instantly, and you can update them eventually.
Doing this little by little will protect your pocketbook. Of course, avoid buying furniture on credit so as not to increase your debts and, much less, risk your savings or your emergency fund.
It is essential that you buy a house for the right reasons.
It is expected that if you reach a certain age, get married or have your first child, family or friends begin to ask you when you will buy a house. Social Pressure can be solid, and the assumptions of others can impact your choices. Make sure that it really is a personal desire and that you live the circumstances that make you feel secure about that vital acquisition.
To become the owner of your own home, you need to be financially and emotionally ready. Not only can home provide you with security and a sense of accomplishment, but it can also help you be financially successful.
Payment methods
Define how much of what you have saved you can use, since banks or housing support institutions only lend on average up to 80% of the property’s value, so you must have that 20% previously to give the down payment and 5% more to cover the initial costs (appraisal, insurance, deeds, notary, the opening of credit, etc.).
The location
If you are going to invest in a property, look for you to have the communication channels or services that you require, such as education, health, shops, security, transportation, recreation and supply. Avoid risk areas! What’s the significance here, that the property isn’t under high voltage lines, gas tanks, underground pipelines, close to gorges or territories in danger of flooding?
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
Things to consider before purchasing a property
How To Enrich Interiors With Textural Decor
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Textured walls bring intensity to a modern home interior and a soul of touching depths. Textured background enriches even the simplest furniture arrangements, and adds an interesting essence to the simplest palette. These three stylish home projects each have a different texture decorating scheme to inspire unique spaces. We do our first tour in a cool white pictured home where roughly brushed stucco surrounds walls, ceilings and decorative cavities to complete minimal spaces. Smooth plaster warmly envelops our second featured home, adding complementary curves to round furniture silhouettes. Cool concrete wraps the collection in a beautifully complex housing bound with elegant industrial inspiration.
This deeply textured interior belongs to a home located in Kyiv, Ukraine. A brushed white stucco draws the eye up to high walls and onto a sloping ceiling with skylights. The additional daylight emphasizes the deep texture of the imaging, and brightly illuminates the minimal living area below.
A chic white floor lamp lightly blends with the room color, while the hanging light from the living room cuts a sharp black accent.
The rustic coffee table draws a long rectangle in front of the modern sofa, eliminating the need for additional side tables.
A modern salsa chair blurs the corner of the rug, facing the sofa in a conversational setting.
Granite fireplace and wood shops cut the textured white stucco.
The tripod floor lamp serves both the sofa and a pair of modern armchairs.
Elements all come from a soft, earthy color palette of beige, gray, soft brown and wood tone that allows texture to come to the forefront.
Boho eto stands out from the rustic elements in the layout, like this modern rustic console table. Boho wall decoration cements the theme.
A tailored lightroom has been adapted to reproduce the texture effect of the touch wall. The piece creates a striking dome over food.
Elegant Scandi chairs add a woven element to the texture palette.
On the table, a unique modern tea design complements its unusual surroundings.
Linen sheets pool on white washed floorboards.
Ultra elegant contemporary kitchen cabinets contrast with the rustic wall treatment and boho ceramics.
With a lack of additional roof space, both the kitchen sink and induction hob with integrated extractor hood lie on the long kitchen island. Integrated ovens are placed at full heights by the kitchen door.
A second wall of windows envelops serene green landscape views also around the dining room.
In the master, a padded bed adds pleasant atmospheres to the crude room decor.
A glass vase of dried flowers makes an effortlessly graceful display on one side of the bed, while a small side table serves with practicality on the other.
Sliding doors open onto a decorated bedroom terrace.
Revealed plaster smooths curves around our second prominent home interior, which is complemented by arched decoration and a welcoming curved sofa design.
The curved theme also continues to a unique kitchen design, where a rounded peninsula is supported by a beautiful sandy leg.
A textured rug completes the touch-up sofa upholstery. Trifolium marble coffee table makes a unique central focus.
Project chairs flatter the main theme of the room.
Recessed spotlights in the untouched plasterwork.
A winged headboard draws the curved aesthetic around a platform bed in the master bedroom.
A free-form rug swims around the base of the bed and runs to a reading corner.
Floating shelves add a decorative feature to a concrete alcove.
Mosaic tiles flood the main bathroom floor.
Located in Kiev, Ukraine, this 170-square-meter private neighborhood was designed for a modern family who loves minimalist spaces and softens natural tones. The family wanted to avoid anything artificial or bright, and so a quiet concrete space was born.
A round coffee table completes a circular concrete wall. Inserted perimeter lights highlight the industrial wall texture, while another strip of LED light draws a bright arc around the living room door.
Large-format concrete tiles plan the entrance.
In contrast, the walnut floor heats the living room. A modern fireplace flares an open flame along with a raised concrete fireplace.
At first glance, the dining room has a dark walnut paneled background …
… However, the walnut panels hide doors for modern kitchen design.
Eight deeply comfortable dining chairs surround the elegant black marble based table. More concrete floor tiles lay a sturdy base for the kitchen dining room.
Back to the home entrance, an elegant vanity stool is paired with an entrance toilet. A candle and aromatic cane diffuser creates a warm and delicious fragrant welcome at the front door.
Strip light creates a bright, practical light above the tall, custom cut vanity mirror.
Concrete tiles take on a vertical format inside the bathroom, where they clothe the shower. Measured glass shelves crack neatly into a small corner in the shower wall to hold toiletries close to the hand. A subtly placed luminaire warmly illuminates the neat shelf layout.
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How To Enrich Interiors With Textural Decor
Everything You Need To Know About Real Estate Investment In Pakistan
We often hear that real estate investing has a bright future in Pakistan – but sometimes it can cost you a huge fortune in the form of scams and frauds.
We know that in Pakistan real estate and real estate are spreading through many regions. Although each area is distinguished by its investment offerings and options, Karachi, Lahore and Islamabad are the three main cities in the country for real estate.
This article has all the important details about real estate in Pakistan, the investment benefits and factors related to real estate.
What You Need To Consider Before Making A Real Estate Investment In Pakistan
The following things should be considered:
Real Estate Investment Information
Sufficient real estate education is essential for real estate investors. The income from real estate investing needs to be well understood to you. Take a long time to get to understand every aspect of the property. In Pakistan, it is a growing industry and has a fast pace.
The design of a property must be high quality and smooth. It is important to have a realistic awareness of all the current developments in the real estate market in order to keep this unpredictable rate and become a profitable investor.
You can read about real estate for free from too many newspapers. Some mass media are most frequent:
- Newspapers
- Real estate YouTube channels
- Real estate books
- Real estate podcasts
- Real estate blogs
- Real estate television programs
Both of these resources are easily accessible and convenient. Take advantage of them and try to learn from them as best you can.
Follow Strategy
It’s no joke if we conclude that real estate is definitely possible for a lifetime cash flow. You just need a workable approach.
Spend some time planning an integrated plan for your investment in the property before you spend your hard earned money.
Would you like to invest in all kinds of assets or just stay in a niche, for example? Do you want to spend as an exclusive owner or do you want to participate? Would you like to develop your investments locally or would you like to grow your investment in other cities?
Such financial decisions will make or break your investment in your home. You will receive a decent income within a limited period of time if you have a good plan in place.
Select Redeem Properties
The fate of the draw is not to get the best property. For the perfect property, you need to be diligent and polite. Before buying real estate, ask about the land, rates in the area, country styles such as whether to buy in the apartment, house or store, details of facilities and the area.
Above all, make sure that it is accepted by the municipal planning authorities. Check the property carefully to make sure all property papers are accurate and complete, keeping your eyes open for any defects.
Buy Your Property
Once the preliminary research has been completed and your real estate investment options in Pakistan have been limited, it is time to buy your house. Consider all legal aspects and advise reviewing the accompanying transition and sales articles.
Furthermore, remember your plot or home location and construction level. These variables significantly influence how fast property prices rise. Often buy property authorized by the relevant government authority so that in some legal matters you do not miss out on investments.
Things to Consider For A Better Return On Real Estate Investment
Here are some moves you can make to achieve the highest investment speed and return:
Don’t rely on one resource
Don’t rely on just agents or insecure portals to create your buying or selling cost. Browse Zameen.com’s listings for the region of the property to see the latest trend in prices. Also, contact some agents to get the trading pressure and see what prices they offer.
Make sure your property is worth it
It takes some pretext to make this move. Contact one or two agents from the buyer’s point of view and ask for the cost for your preferred home. Call one or two additional agents from the seller’s point of view or ask about pricing. The fair market value is among the listed prices, as the purchase prices are usually higher than the sellers.
Go to the previous stages for token capital
If a contract has been terminated, the buyer collects symbolic money. This is the customer’s promise that the property is purchased and binds all parties to the contract. Sign money is usually a very small percentage of the total value of the land, preferably between 50,000 PKR and 100,000 PKR.
The receipt of a sign includes the full details of the property and shows whether a conflict occurs.
Less Volatile
Real estate portfolios do not face sudden changes such as the trading of stocks and bonds. Real estate is also very stable and rates are smoothly priced. This means that failure is less possible internally.
If you want to build your capital smoothly in a risky person, the investment in real estate is right for you.
Try to meet the other party face to face
If you are a buyer or seller, it will help facilitate the process by seeing each other face to face. You will also reliably confirm the ownership status and legal status of the property in this way.
If you are buying a home, make sure the assignment or transfer letter is reviewed by the owner’s NIC.
Double benefits
You may receive many benefits from a house or apartment. You can rent/lease your place, put your room on Airbnb, use it for your own home, and as the cost of the property grows, you can sell it. How incredible is it?
If you are looking for a great investment option in Pakistan, real estate is the ideal alternative for you.
Better Returns
Real estate offers you a reliably strong income. You can earn a monthly return of up to 20% on average. For example, you can sell it for RS.560.000 next month if you buy a property for RS.500.000 without doing anything as well. Staying at home, you get an additional Rs.60,000.
Tax Benefits
Investors usually earn property tax exemptions. You will, for example, get mortgage interest deductions. This is generally done by politicians to promote additional spending.
Possession
holding house representing home ownership
The complete ownership of the asset is one of the most significant and desirable factors inland. You will be wholly owned and no one will take your property from you when you buy a house, and you have all the legal rights to it.
You do not have perceptible assets and ownership of other types of investments such as bonds, mutual funds, and vice versa. That said, immobilization helps you rule your land.
Everything You Need To Know About Real Estate Investment In Pakistan
Rental Laws in Sindh: Comprehensive Guide for Landlords and Tenants
So, if you are renting or planning to rent your property sign a rental agreement in Karachi, Hyderabad or any other part of Sindh, today we will discuss everything you need to know about the rights and duties of both. parties in accordance with provincial laws.
Rentals in Sindh
In Sindh, tenancy laws are under the umbrella of Sindh Leased Places Ordinance 1979. This ordinance defined the regulations on rental agreements to protect both the interests of tenants and landlords in almost all situations to avoid disputes and conflicts.
So let’s find out what our law covers about the official documentation and issues related to rental contracts in Sindh.
Rental agreement between country and tenant
Rental lease agreement form on an office desk.
The rental agreement between landlord and tenant must be made in writing. The agreement must be signed by both parties and it must be attested by an official seal of the relevant authority associated with the jurisdiction where the property is located. You can also get this document certified by a First Class Judge or by any Civil Judge. These are the necessary conditions for the validity of a lease.
By law, the lease agreement must be renewed annually, otherwise, it would be considered invalid in court. The landlord is entitled to review the terms of the lease (within legal limits) and monthly rent after the renewal of the contract.
About the conditions related to Rent
The landlord must charge the rental amount, which has been mutually decided by both parties and clearly mentioned in the agreement. Although there is no specific date as the deadline for rental fees, however, according to general practice, tenants must be paid no later than the 10th of each month in Sindh.
The rental laws in Sindh ensure that the rental prices would be fair for tenants as well as for landlords. The laws protect the rights of both parties. According to the laws in Sindh, the rent of real estate cannot be increased by more than 10% annually. In addition, if the fair rent has been determined, it cannot be increased for a period of three years.
Here are some of the main points on the basis of which a fair lease of any particular property is determined.
- The rough analysis of the monthly rents for similar real estate located in the same or adjacent neighborhood.
- The increase in construction costs, repairs and maintenance costs.
- If there is any new tax after the start of the lease.
- An increase in the value of the leased property on the basis of the government-imposed property taxes.
The owner cannot interrupt amenities and services
The law does not allow the landlord to discontinue any of the services and amenities including but not limited to service connections such as electricity, gas, or water unless this is announced in advance and decided with the tenant. However, the interim service providers may terminate such facilities on the basis of their organizational policy. Other relevant authorities may also terminate these amenities and facilities under any specific circumstance.
Maintenance is important
Repair and maintenance of the leased property is the responsibility of the landlord. However, if the owner is unable to do so for any reason, the tenant is entitled to perform the required maintenance.
In such a case, the landlord must pay the maintenance costs. The tenant may deduct it from rental costs if mutually agreed. However, the tenant pays documented proof of expenses incurred for the repayment.
Expulsion Laws in Sindh
Upon successful completion of the lease agreement, the landlord has the right to evict the tenant on the basis of legal eviction conditions. Eviction terms are almost identical across Pakistan. However, Sindh Rented Locises Ordinance 1979 has a number of additional clauses and requirements that must be met to avoid legal complications. The central idea of the additional clauses is listed below:
- The ownership of the leased property was transferred or sold to another person.
- If the tenant causes significant damage to the property, that could impact its property.
- If a major renovation became necessary for the area or reconstruction was forced by the modifications in the building regulations. However, once the reconstruction is complete, the tenant can re-apply for the assets.
- If the owner and their legal heirs want to use the site for their personal use, they are free to vacate the property after consulting the legal authorities.
- If the owner of the rented premises is a widow or orphaned minor or elderly person who is over 60 years of age. And this fact was evident when the property was rented, and the said clause for eviction became invalid.
- Always remember that whatever the cause of eviction, whenever a landlord wants to evict tenants, they must write a request to the relevant authorities in accordance with the law.
Rental Laws in Sindh: Comprehensive Guide for Landlords and Tenants
History of Pakistan Real Estate – Past, Present and Future
History of Pakistan real estate
History of Pakistani real estate is a very important topic if we want to learn the real forces that affect, that affect real estate. Pakistan’s high population and rural-urban migration offer huge investment opportunities for real estate. As more and more residents flock to cities for jobs, real estate prices continue to skyrocket. The real estate sector generates high levels of direct employment and also generates demand in more than 50 side sectors, such as steel, brick, cement, paint and other building materials.
According to the most recent World Bank estimates, Pakistan’s real estate economy contributes 60-70% of the country’s wealth around the equivalent of $ 700 billion. While some other sources suggest more than $ 1200 billion. It is very difficult to estimate the real value of real estate because 80% of the wealth is undocumented.
“The combined direct contribution of construction and housing sectors to the country’s GDP has been consistently higher than 9 percent over the past decade,” – State Bank of Pakistan report.
The old saying ‘as safe as houses is still true. Real estate investing is the safest, and also the most profitable, of investments. Savings give a bad return and while stocks and shares can be much better, is it worth risking when your money could be wiped out overnight? So the smart investor knows where it is most profitable.
The Birth of Pakistan Real Estate Market
Pakistan’s economy has always depended on real estate. Since its inception and independence, socioeconomic urban migration has prompted demand for comprehensive construction projects. As more and more people moved from villages to the city after independence, real estate investors took on the need for housing and infrastructure to support the new residents.
The growth of the real estate sector as an industry in Pakistan was started by Karachi. The real estate in Karachi existed even before the independence of Pakistan. It began with the construction of buildings by barons and the sale of plots was very rare.
Bad policies and lack of pre-planning have only added to land premiums in urban areas. Where once political instability and lack of government oversight, often crashed the market. With more government regulation, prices are more stable and have marked a long period of consistency.
The 1950’s to 1980’s
Karachi saw the first influx of urban migration and a slow and steady increase in real estate. Karachi South district has become the backbone of Pakistan’s real estate industry. DHA Karachi was created in the 1950s and took control of good investment returns for reasonable prices by gaining further momentum in the 1960s.
The market continued to grow with Bhutto’s introduction of an Amnesty Scheme in 1973, which created real estate. However post-election riots and a catastrophic flood in DHA then shattered the market in 1977. In the same decade Lahore Cantt cooperative society, later DHA Lahore is created.
After a bad economic start of the 80s, international attention was focused on Pakistan with the start of the Afghan War. The war attracted moral and financial support from all over the world, which strengthened the market until the sudden death of then-president Gen Zia ul Haq in a plane crash in 1988. The ensuing political uncertainty fell back on the market.
The 1990’s
The 1990s played a very important role in the history of Pakistani real estate. 90s founded the foundation of real estate as we see it today. It began with a slow recovery and house prices prospered from 1992 to 1994 at an average rate. The smart investors understood the true potential of the real estate purchase. The purchase of business plots began to attract people from all parts and newer companies emerged.
After a few years of slowdown, it picked up again in the middle of the decade, only to be hit by the catastrophic rains and powerful crisis of 1997. This recession lasted until 2001.
Without some proper regulations and taxes, real estate has become the biggest tool in Pakistan in the 90’s and 2000’s for those who aim to invest undeclared money.
The 2000’s
Property began thundering after the 9/11 incident, breaking all previous records. However, the bubble burst before 2005. Overflowing prices ensured that the majority of the population could not afford to own their own home. Much of the boom in the 1990s and 2000s is attributed to the participation of white-collar buyers, tax-free and undocumented money. The difference between the DC values and real estate has grown numerous during this point and has resulted in real estate a hot spot of undocumented money. In some companies, the DC values did not even represent 20% of the actual values of the asset. This made it easier for people who wanted to invest untaxed sums in real estate. The huge investor resumes also to ensure the continuation of the trend.
The Government failed to take appropriate action either out of negligence or slowly. Pakistan’s real estate has become a tax haven and speculative plot trading has become the most preferred investment.
The 2010’s
After a slow recovery from overpricing, the market rose again to surpass all previous records in 2013. Later in the same decade, we saw profitability reach new highs by the end of 2015. In 2015, investment in residential houses (apartments, houses and vacant plots) increased at five to seven percent, while in commercial property (including stand-alone shops, showrooms, retail and office space), there was an increase of 15 to 20% across Pakistan, despite the Capital Gains Tax, Capital Gains Tax and Stamp Duties in the Federal Republic Budget 2014-2015.
In 2016, everything changed as the federal government approved an amendment to the 2001 Finance Bill to try to regulate the market with rates approved by DC. The Finance Act 2018 introduced important measures to minimize cases of use of the real estate market as a way to avoid taxes as well as money laundering. This was an effort to counter unregistered and undocumented investments but actually slowed the market. The Government has begun to increase DC values annually to close the gap after years of rampant growth and tax fraud.
Because no government has taken action for years, much of the documented white economic investment has fallen into the gray economy. Instead of investing in the manufacturing industry, investors shifted their investments to unproductive plots trading, and investors ’money eventually stalled.
In addition, the record appreciation of Dollar against PKR in 2018 & 19 has lowered the market at least 50% from its 2015-16 high.
Conclusions:
All over the world the real estate industry generally follows a steady growth rate of 5 to 8% per year. However, while studying the history of Pakistani real estate we found out that during bullish trends the figures swell up to 40 to 60% growth rate per year. So why this? Well, when we analyze the historical data, the reason becomes obvious. The periods of recession are a direct result of over-pricing. The patterns of market trends have remained the same over the 43 years of Pakistan’s 69-year history of real estate. There is usually a period of 4-5 years between the peak of the recession and the peak of the boom. The proportion of average price increase per year in populated areas is 4 to 5 percent. However, for uninhabited areas, this is about 9 to 10 percent.
When a recession begins, prices in populated areas usually fall from 0.5 to 1 percent and the prices of unpopulated areas fall to almost 5% or even up to 50% of the previously increased price. The inhabited areas represent the real end-user market, while uninhabited areas have become a hive of speculative investment.
The uninhabited / under-developed areas such as plots or files more or less acted as stocks, showing a lot of volatility. On 3 different occasions in the last 2 decades, they have given unprecedented gains, but over a long period of time, they have shown either zero or negative growth. Residents or developed areas remained stable overall and combined with rental income, they probably gave better incomes in all circumstances.
The Government has maintained a policy of “no questions asked” about the source of capital, and for decades the sector has remained the ideal place to park black money. This has led to the creation of a real estate bubble with artificial price increases and a widening gap in supply demand in the housing sector.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
History of Pakistan Real Estate – Past, Present and Future
Best Color Schemes For Bathrooms in Pakistan
Design a colorful bathroom with styles that really speak to you. It’s important to create a space that increases your energy and offers you a quiet rest from your busy schedule, as it’s the room for which you spend time getting ready in the morning and getting ready for bed.
Consider customizing your color scheme and decor if you want to create a new look in your bathroom, but want to avoid a complete interior overhaul. Without an excessive budget, a few quick adjustments will produce a whole new vibe.
Bathrooms can challenge a lover of home design, they are an expensive renovation proposal for most of us with a budget, and it can be difficult to justify a remodel if everything works. But how can the room be decorated? It can make all the difference in how much you enjoy your bathroom … and the good thing is that you can learn to love your bathroom again, or for the first time.
How To Design Your Bathrooms That Give An Attractive Look
We have hand-picked bathroom paint plans that will help transform your space if you are looking for inspiration during the remodeling process.
WHAT YOU CAN DO WITH A WHITE COLOR SCHEME
Pale blue and white
It is wet, traditional and absolutely serene. Pale blue and white as a combination of colors, I mean. It looks great as a bathroom color scheme, especially when brightened by some natural light. (And we can’t help but fall in love with the claw-foot tub with toilet!)
Red and white cherry
A cheerful and bright way to add spunk to an otherwise white bathroom is to add bright red wall tiles and red bathroom mats. The color scheme is hospital-esque, probably because it produces a clean and germ-free appearance.
Kremblanka
Traditionally bathrooms were not very bright spaces; traditionally in the sense of decoration/color, they did not seem to attract much interest. If your bathroom is a conventional model, you may enjoy keeping the color scheme, creams and whites very neutral. The look is not only new, but it is also light and bright.
Amaranth and white
Right now, it’s just a warm color, and with good cause. It’s not a peach amaranth, it’s not red, but it’s a nice, rich cross between the two, not too cool or too masculine. We love the unexpected coordination of the cabinet doors and the shower curtain.
Mint and white
Mint and white are fresh and unmistakably cheerful, making a beautiful color scheme, especially in tiny bathrooms, where every square inch matters. A small-scale wallpaper print in the paint scheme destroys the unity of the walls and leaves the room feeling larger. And added to the fresh appeal are side silver and white lamps.
WHAT YOU CAN DO WITH OTHER COLOR SCHEMES
Wood look
Mix a more luxurious bathroom, a double-tap tub and a linoleum floor with a rustic look. To round out the room, play with the natural tones of the forest with oats and brown paint. With this rich color scheme, white and silver accessories augur well, so the natural browns can be mainstream.
Turkish and green apple
One wall of drawn wallpaper in the middle bathroom is enough to dare an ad. For a one-color paint palette, neon green contrasts with turquoise and soft blue. Although white accessories brighten the room, the rustic wood vanity brings character to the room. The flower-designed wall can be imitated by the circular mirror and make the room larger. Ideas like these for bathroom remodeling are perfect for a guest or teen bathroom.
Clear Green Relaxation
You can include your liking for nature in other aspects, including even if you don’t have wide windows scaling your bathroom wall. The natural look will be exuded from stone or wood, while mint green and white colors guarantee a soothing feeling. These square sinks work well in rectangular rooms and panel windows, and clean lines will help repeat the modern theme you’re aiming for.
Thanks to the generous use of warm, earthy tones, this rustic traditional townhouse bathroom style immediately looks friendly and attractive. We appreciate the fact that brick tile varieties are used so as not to overheat, and with occasional doses of pine woods, things break down.
Gray love
Neutral colors, such as gray ash, give a soothing feel to your bathroom. A welcome contrast can be provided by mixing the gray walls with whites and browns. Install a separate tub, shower and sink for a completely luxurious touch and complete the look.
Tangerine Vibes
When it comes to color, don’t be afraid to illustrate your artistic hand. This mandarin orange and white bathroom combination gives a space full of flavor. To replicate this look, you can paint your favorite style or use wallpaper, just make sure to contrast the top with a solid color panel under the chair rail to match it.
Chocolate and cream
No, we don’t just care about ice cream sandwich ingredients. The rich tones of a chocolate brown bathroom make an even smaller space feel spacious and comfortable at the same time. It is a smart choice to separate the brown expanse with a geometrically designed bathroom rug, as well as the use of colored cream tiles between the mirrors.
Strong contrast
Various interiors have a lot of character and present options to mix textures, finishes, shapes and colors that would otherwise overlap and look less good together. To create a unique design, strong rustic accents can be complemented with clean and minimalist contemporary elements. This bathroom, for example, has an elegant oval tub and high-end chandelier, but in general, the walls, ceiling, doors and surroundings have a durable look.
Advantages Of Using Paint As The Core
- If you don’t have proper ventilation, paint can eventually leak out
- Easy for anyone to use
- Usually more affordable
- Easier to change along the way
Advantages Of Using Tiles As A Core
- Easier to clean
- Grout may need to be replaced over time
- More lasting
- Usually associated with higher quality
Wrapping It
Remember that the whole feel of your bathroom can be changed with different colors. For example, a warm pitch will emit yellows, reds, and oranges; while blues, greens and purples will help a bathroom feel more relaxed and cooler.
If your bathroom decor has a natural theme with materials like wood and stone, you can use warm colors. If you have a nautical or ocean-inspired bathroom, cool colors are ideal. You certainly have a favorite shade, but that doesn’t necessarily mean it’s on the walls of your bathroom. Put some effort into the color of your bathroom and you will be forever happy about the result.
Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.
Best Color Schemes For Bathrooms in Pakistan
- Published in Bathrooms, Construction, Decoration, Design, Design Gallery, Home Decor, Real Estate, Real Estate Trends
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
TRC Refines Valuation System for Immovable Properties
ISLAMABAD:
The Tax Reform Commission, led by state revenue minister Hammad Azhar, on Monday, decided to refine the system for valuing real estate, speeding up a process of tracking and tracing in the tobacco sector.
This would also include recommended procedures for taxing small entities involved in the retail trade, reports the Business Registrar.
The meeting discussed the topic of real estate appraisal and informed the participants that using appraisal tables was a tentative proposal and was not a long-term measure to appraise such real estate.
Moreover, from a review appraisal each time, a constant solution for the appraisal of real estate was proposed during the meeting.
The issue of a link between bank accounts and national tax numbers (NTN) for broadening the tax base was also discussed during the meeting.
Therefore, it was agreed to investigate the likelihood of effectively using the data of the National Database and Government Authority (Nadra) to bring potential people into the tax network.
The meeting also accepted the recommendation of the Implementation Committee on Tax Reforms (TRIC) to draft a simplified return form for small and medium-sized enterprises (SMEs).
According to officials of the Federal Revenue Board (FBR), the holding in the pursuit of a track record in the tobacco industry has contributed to a massive revenue loss of 40-50 billion a year.
Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about architecture, Lifestyle and Interior Design.
TRC Refines Valuation System for Immovable Properties
- Published in ECONOMY, Federal Board of Revenue (FBR), HEADLINES, Investments, Market Overview, MARKETS, Minister of State for Revenue Hammad Azhar, National Database and Registration Authority (NADRA), Real Estate, Real Estate Guide, Real Estate Investments, real estate sector, Real Estate Trends, tax, TAX POLICY, Tax Reforms Commission (TRC), TAXATION, Tips & Advice, Valuation of Immovable properties, Widening tax net
Real Estate Investment on Installments vs Cash in Pakistan
Real Estate Investments on Paying Against Money in Pakistan
Real estate investments transferred and real estate for sale with cash are the two options available to you when you plan to invest in real estate in Pakistan.
We can further classify these two options as below:
- Possession plots about money.
- Possession plots of money.
- Ownership Plots in payments.
- Real estate built with money.
- Buildable buildings (houses, apartments, shops) in installments.
Generally buying real estate is a facility for those who cannot afford the prices upfront. However, if you plan to invest, you can use it as well as leverage and invest small amounts to get huge income. So even if you have the money available with you, it may be better to invest smartly and pay in installments.
Fees against Monetary Investments
Before we proceed with the case study, we must first understand the general advantages and disadvantages of cash versus real estate.
Advantages of cash against real estate investments in arrears
- The first is obvious, you can buy a property even if you don’t have the full payment, thus making it easier for you to save and pay as you go.
- You get taxed because real estate prices go up over the entire property and not just for what you paid.
- It usually offers more flexibility, as you can buy more properties with the same money and then liquidate them in part at a profit.
- Buildable buildings (Houses, Dwellings) in parts are usually available at a price less than or equal to similar owned real estate.
- You can take advantage of Dollar appreciation if it occurs during that time period.
Disadvantage of cash against real estate arrears
- Plots in installments may be a little more expensive than in cash. Usually, plot payments cost 10 to 20% more than buying a similar property in cash.
- Buying cash-owned property is safer than investing in property in installments, which is yet to be developed.
The comparison
If you do not have the money, obviously it is your choice, all you have to do is buy a property after the payment. However, if money doesn’t limit you, it’s time to evaluate all the options to find what works best for you.
Possession plots on Cash
When you have money, you can certainly find many opportunities waiting for you in the market. You can also take full advantage of speculative trading and enjoy the market spikes as recently seen in 2020-21 in DHA Lahore.
However, you will not always succeed and some losses are always on the horizon. Buying a plot in a mature area that has already reached its full potential is like putting your money into a gutter.
Landless plots for money
Buying an indispensable property is not very economical as such. The thing is usually that most developers will only offer a 10% discount on cash payments. This is much less in my opinion and it is much better to pay delivery in a period of 3 years than to buy it in cash. Obviously, if the delivery period is less or about a year then it makes sense but not otherwise.
Plots on Episodes
There are various ways you can take advantage of buying plots for free. You can improve your position and invest a lot. As well as speculative trading, you need to form a plan to include:
- Expected appreciation of the plots in the near future.
- How long can you keep the real estate without draining all your money?
- Terrible sales planning for profit/reward.
- Failure plan if your plan does not work.
Everything seems good, yet a problem with such investment is that in underdeveloped societies takes a decade or more to fully develop. However, if you are a smart investor, you may be taking advantage of investment / speculative bubbles within this period.
Real estate built with money
This is always a good option to get a mature property to generate solid cash flows. Rental income in my opinion is the mother of all real estate in Pakistan and in the world. However, many people cannot do it due to financial constraints, as built profits are usually more expensive. That is why speculative investments in plots continue to remain the most popular real estate investment in Pakistan.
However popular does not mean success either. The success rate of people who have invested in rental income-generating real estate exceeds that of those who have invested in plots.
Buildable real estate in installments
In addition to just buying plots, you can also invest in construction projects for payments. These include houses, shops, apartments, etc. Such investments have some additional advantages such as:
- Residences, houses or shopping malls are usually made in places already mature. So technically you are investing in an already mature asset.
- The maturity of a construction project is usually less than that of complete social development. It takes between 3 and 6 years for a construction project to fully develop and mature, which is much better than a society that will last more than a decade.
- The price of real estate is gradually increasing according to a fixed pattern as the construction progresses. It’s easier to plan and profit from an outing.
- The product of your investment is an asset that can be rented out and used to increase your passive income.
The only major drawback I see in this type of investment is that sales are usually slow compared to plots. This is due to the fact that these are usually end-users after a natural gain and do not serve the purpose of part-time investors looking for speculative bubbles. However, this aspect is also improving as the construction trend continues to grow across Pakistan and investors are getting more and more engaged.
The winner won a chicken dinner
The winner in my opinion is construction projects in installments followed by rental income-producing real estate in cash. The thing is, real estate adds capital gain in access by about 50% during its construction. In addition, the end result will produce a property that generates cash flow as opposed to plots and you will not fail to raise money as so many people did between 2016 and 2020 who invested in plots.
The past has taught us one thing, conspiracy investments in Pakistan have long periods of zero to negative growth. If you get stuck in one, you’ll have to wait half a decade before you can even think about liquidating your asset.
The secret to our success is the loyalty and trust we share with our investors, we win when you win.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
Real Estate Investment on Installments vs Cash in Pakistan
Investment In Commercial Property In Pakistan
Commercial real estate in Pakistan has different characteristics that distinguish it from a dwelling house.
It is not a simple job to invest in commercial real estate. Before investing, there are also things to look at. Business investment in Pakistan includes the choice of the site, the number of feet, how many people visit the region per day, price, price for money, and so on.
It is just as difficult to find the right property for your company, whether it is rented or purchased. Property is another aspect that needs to be targeted in the form of the company so that the investment is not lost.
That is why there are some outstanding advantages and handy tips for investing in commercial real estate in Pakistan.
Equality
By building equity in your real estate business, you will use it to further expand your business without jeopardizing your business. This helps you deal with the development of your company more flexibly.
It also gives more options when the retirement period arrives. As a company owner, you can either directly sell the practice and underlying property during the retirement period, or just sell the practice and rent a commercial property that provides a source of income.
Good Thanksgiving
Investments such as stocks do not allow for anything more than buying and selling, however, provided requirements are met and necessary permits from a local authority are secured, commercial homeowners can invest in their real estate.
A commercial property owner in Pakistan can upgrade, restructure the property outside or inside, increase rents or even modify its zoning. Inflation will bring value to current features as well. While new developments may cost more than building older properties, existing sites and the more recent local construction are still growing in value.
Tax Benefits And Maximum Returns
It can be a dynamic place to invest. Unfortunately, it is not only black and white as a profit generation. Taxes and other external conditions can also affect business activities. These elements can be used to your advantage when working with real estate.
The value could rise in terms of market valuation and financial value for you, but over the years the building itself would certainly decline. The direct decline indicates that the physical value of property decreases over 27.6 years. Meanwhile, after more than a decade, other features will fall apart. This loss will offset a market value gain that actually contributes to a better outcome.
A competent accountant would require these considerations. However, in most markets, such resources are not open. Here is another explanation for preferring industrial ownership over other solutions.
Cash Flow Perspectives
You must pay the premium for an additional cash flow of rental income if you own a commercial property with room for tenants. Tenants are willing to use their money to pay for the purchase of their land, offsetting the expense of saving.
It is important to note, however, that tenants include responsibility for property maintenance, which will diminish the presence of the main commercial properties.
Practical Tips For Investing In Commercial Real Estate In Pakistan
- One must understand the state of the market, including tariffs and the value of land, so as not to deceive man. It is extremely important to keep yourself up to date. In relation to residential and commercial property, there is a great distinction, so the characteristics of both forms must be understood.
- You need to prepare yourself so that you know when, why and how to invest in company property because there is only one factor you need to consider when investing.
- You need to remember whether the position would offer you capital growth or not, and whether the site has construction potential or not.
- The land has or does not have the most important lease option. If you do not want to use the feature yourself, you must rent it.
- The land should also include important amenities such as parking lots and electrical supplies.
For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.
Investment In Commercial Property In Pakistan
- Published in Business, Buying, Commercial Investment, Commercial Property, Commercial Property in Pakistan, commercial real estate, Economic Zone, ECONOMY, Market Overview, MARKETS, News, News & Updates, News and Update, Property In Pakistan, Real Estate, Real Estate Investments, real estate sector, Real Estate Trends, tax, TAX POLICY, Tax Reforms Commission (TRC), TAXATION, Trends, World Business News
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
- Published in Featured, International, News, News and Update, Real Estate, Real Estate Guide, Real Estate Trends, Tips & Advice, Trends
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
- Published in Featured, International, Market Overview, News, Real Estate, Real Estate Guide, Real Estate Trends, Trends
Low Cost Govt Housing Finance Scheme
Realizing The Dreams Of A Middle-Class Sector
The Government of Pakistan has recently launched cheap house financing to sacrifice aid to the petty-bourgeois sector.
Although many banks face challenges in offering home lending with low-interest rates, the government has taken measures to offer home loans with a markup rate of 5% (for 5 marla houses) and 7% (for 10 Marla houses), for a set of benefits. to the banks.
The ruler. a cheap housing finance plan is structured so that people pay their rent for the house on a monthly basis. This system is based on basic bank loans that would have an interest rate 50 percent lower than those normally paid by banks to their customers.
Old or new projects and plot owners can get funding for the construction of their own houses. The funding must be supported for a period of no more than 25 years. The total amount of funding for cheap housing will be between 2.7 million and 5 million.
In addition, the interest rate subsidy is available from all banks and is divided into three groups:
Group 1
Financing for houses/apartments/apartments up to 5 marl or 125 sq. Ft. Available under group 1. Courtyards, fenced full area 850 sq. Ft. The feet and the maximum price under NAPHDA enterprises is Rs. 3.5 million.
Within this group, the maximum funding is Rs 2.7 million with a maximum tenure of up to 20 years.
Banks will charge KIBOR plus 250 basis points for the full marking rate. In the first five years, however, the GOP will have an additional payment to reduce the debtor’s debt to 5 percent and in the next five years 7 percent.
KIBOR is known as the Karachi Interbank Offer Rate, which is a market benchmark for most retail lending banks and is established on a daily basis. These prices are listed regularly on the website of the State Bank of Pakistan.
Group 2
Support for houses/flats/apartments up to 5 marl or 125 sq. Ft. Group 2 is also given. Most covered yards of 850 sq. Ft. Feet and Rs 3.5 million maximum prices.
Under this group, the maximum support is Rs 3 million, with a maximum tenure of up to 20 years. This degree assists individuals and households not eligible or eligible for NAPHDA projects to build or lease housing.
Banks can charge KIBOR plus 400 basis points with a maximum markup rate. For the first 10 years of Group 2, however, the subsidized rate for borrowers is the same as for Group 1.
Group 3
The marking facility in Group 3 supports subsidized housing for poor families. Group 3 approves subsidized funds for the development or acquisition of more than 5 Marla (125 sq. Yards) and Up to 10 Marla (250 sq. Yards) houses/apartments/flats with a total protected area of 850 sq. Km. 1,100 square feet. Feet and Rs 6 million maximum prices.
In this line of funding, the maximum funding is Rs. 5 million for tenure for up to 20 years.
Banks can charge KIBOR plus 400 basis points with a maximum markup rate. However, for the first five years and the next five years, the GOP will have a brand subsidy to reduce the borrowed rate to 7 percent.
Wrapping It
Loans are easily accessible in the world for the housing industry, although in Pakistan the procedure is very difficult which has contributed to the formation of a committee. The purpose of the plan is to provide people who could not afford their own house, with cheap housing. The rules on the building sector will also be simplified and the payment of loans encouraged.
Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.
Low Cost Govt Housing Finance Scheme
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
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!
For the latest properties, stay tuned to our website.
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
Action Against Real Estate Tax Escaper [2018]
The people who have invested in real estate Federal Board of Revenue prepared their list over the last two years despite the fact that according to a news source they have not paid taxes against these real estate transactions, The 16000 people registered have financed income worth rupee in the real estate market. The 80,000 real estate transactions have been listed through the last two years according to the statistical analysis by Pakistan Revenue Automation Limited. According to PKR exchange rate, PKR 800 billion sum is the value of these transactions, although the real estate is much larger than these. The number of people among the 16000 has country tax numbers, while the rest are not part of the tax network to know.
Read: Exploding real estate sector contributes only 23 billion in taxes
The Pakistan Income Automation Limited has documented all property written financial records made for net assets costing more than 4 million PKR so it is important to note here that to document the real estate sector, therefore the government has declared it mandatory. that only taxpayers can buy property more expensive than PKR 5 million.
Action Against Real Estate Tax Escaper [2018]
Pakistan Real Estate Trend in 2021
‘Gulberg’, Lahore, it will be near Dubai. And I will explain why you need to invest in high-growth developments in this area or risk losing in the opportunity of a lifetime.
During this global recession, the constructive policy of Prime Minister Imran Khan is one of the best decisions during the tenure of PTI. His advisors are extremely shrewd and know what works during an economic depression. They followed the same pattern as California, the United States, which was destroyed by the worst global depression in the 20th century.th century. California has made a miraculous recovery through a “Construction Project” policy to become the World Cup GREATEST economy.
The Government of Pakistan suggests that there will be 1.5 billion rupees economic activity in the next few years. So NOW is the time to invest!
‘Silicon Valley,’ California
If we look at the example of Silicon Valley, the heart of California’s reinvention, we can see the benefits of recognizing innovation, but most importantly, capturing an upward trend. The word “silicon” originally referred to silicon-based technology circuit board production. The area is now home to most of the largest high-tech companies in the world, including the headquarters of more than 30 companies in the Fortune 1000, countless corporate headquarters and thousands of start-up companies.
Famous companies
- apple
- Visa
- ebay
- Intel
- HP
So, “Silicon Valley” is the result of smart investment. It rose like a phoenix from the worst recession of the 20th century and became the World Cup GREATEST economy within 25 years from construction to realization. Innovation and smart money rotation have brought global attention and great investment, in a relatively short period of time. which continues to this day. ‘California Dream’ has become the anthem of a generation. When you have a growing economy, innovators and businesses flock to one area where they share common goals and attract even more investment.
So how can you invest at the beginning of this trend? Here’s how:
Imlaak offers ‘Sixty6 Gulberg’
Following Dubai’s success, Imlaak proudly boasts a new concept of luxury living that is constantly integrating luxury living with a main retail space in the form of a fourteen-story high-rise building.
Advanced Furnished and maintained accommodation in the heart of Lahore
One-Bedroom Luxury Dwellings – carefully designed
✨Location
66-D Sir Syed Road Gulberg 3, Lahore Pakistan
https://goo.gl/maps/m3smWCQ4aSqrjdje9
✨Function and Pleasures:
• G + 14 floors (High Quality Luxury Finishes, 4-star quality)
• 2 floors of retail restaurants and Fine Dine
• 4th to 12th floor will have one-bedroom various sizes
• 13th and 14th floors dedicated attic units
• Roof garden, swimming pool and barbecue Grill, Sauna,
• Smart home technology integration
• Staff housing
• Electric Vehicle Stations
• 24/7 Security
• 24-hour Power Reserve, Central Air Conditioner
RezPrices and Payment Plan
• The prices of a furnished unit start from just 21,500 per sq. Km
• 10% order
• 10% in 60 days after booking
• 10% in 120 days after booking
• Remaining after 30 months
• Progress and time-based plan
Why Sixty6 Gulberg Sixty6 should be your choice.
Now let’s discuss how our projections will be fulfilled in the next 2-3 years, as this is the time frame for Sixty6 Gulberg. This project will be our reference as we go to further collaborations. In the meantime, we will continue to grow our investment network, creating lucrative opportunities, whether for Capital Gains, Rental Returns, Luxury Lives, or a Secure Future.
Prices of sixty-six are much less than similar projects in Gulberg. So Capital gains in Sixty6 Gulberg will be achieved after at least 50% of the project is realized. And rental returns are a sure thing due to high demand in the Gulberg region. With proper analysis and calculated forecasting, it is quite realistic that all projections will be fulfilled.
Why is the Real Estate Trend shifting to tall buildings in Lahore?
In an Economic Depression, everything just stagnates, and your GDP declines due to a lack of cash flow. People are afraid and take money out of their companies because they feel they are not succeeding enough. Meanwhile, the general cash flow circle is interrupted. So the best way to improve cash flow is to offer something in which you can engage maximum people and industries to work for a common goal.
That is why Imran Khan has offered a construction policy to engage different people and industries for a single purpose, i.e. we had a high demand for cement and iron in 2020. The cash flow between different business interests creates huge demand so the economy is not free. due to financial chaos.
So the smart investor makes more money when you know the direction smart money is flowing: everyone wants to start a trend towards the start of the rise. Smart money doesn’t go where it’s not possible. Smart money comes from smart people who have multiplied their money by investing in the right trend on time. They know where they will receive gains because they do proper research before they intervene.
Don’t consider yourself a retail investor but ‘Early adopter‘. This is a true entrepreneur: someone who makes calculated investment decisions and leads the flock.
To do this, you need to understand all kinds of investors in the Real Estate Sector, explained below.
- The Early Adopter
- The Institutional Investor
- The Retail Investor
The Early Adopter
An early Adopter is one who always sees the bigger picture; the long-term owner; one that anticipates the Market from a 10-year point of view. He actually holds the hammer and smashes the nail in time and then doesn’t look back because he knows he put it in the best position. After completing his tenure, he re-examines and realizes the return on his investment. He makes confident and calculated assumptions as he looks at the overall strength of the Market and decides whether to sell or hold much longer.
The Institutional Investor
“Whales” Have you ever heard of a whale?
Of course, you may have heard of it many times, Whale is the best description of an Institutional Investor. The Institutional Investor holds a bag of gold that creates euphoria in the Market, inflating the balloon to an abnormal extent, trapping small investors (mostly retailers), and carrying out their investments.
The Retail Investor
The Retail investor is mostly the last man standing, caught up in the euphoria of making an uninformed decision.
The retail investor is the prey on which the “Institutional investor” feeds. They play with the emotions of the retail investor by creating an artificial price in any market, gradually inflating the price where the retail investor enters late and often misses the train, catches himself in the abnormal exaggeration cycle and is exploited by those with deeper pockets. The “Institutional Investor” is running out of the Market, carrying out the best time.
The picture above is the basic psychology of each market and we could say that we are now in the ‘unbelieving phase’ because believing in someone’s vision is very difficult to understand and compelling to understand until you do enlightened research. But once the trend starts and people start making money, everyone can adhere to the optimism and the already established belief.
You should be an “early adopter” who takes advantage of their money instead of being the prey of the “institutional money”. Come in now. ‘The trend is your friend.’
Written by Husnain Ashraf- Expert on Global Markets Psychology, behaviors, patterns etc.
Contact Husnain Ashraf for Consulting – 0300 204 99 66
Email – [email protected]
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Pakistan Real Estate Trend in 2021
- Published in News, News and Update, Real Estate Trends, Tips & Advice, Trends