Zarrar Homes Islamabad is where you can get the aroma and feelings of living in F-7. Such is the pleasant look and location of Zarrar Homes Islamabad. The developers have paid proper heed to enhance the look and glamorising society with all the amenities. They hired stunning designers for the exterior decoration and design for that purpose. Their initial toiling bore fruits, and now Zarrar Homes stands tall among its peers.
Developers of Zarrar Homes
Zarrar & Co. are the developers of Zarrar Homes. They are germane to the real estate sector and know the art of revamping a predicament and devastated project to an urbane and sophisticated one.
Location of Zarrar Homes
Zarrar Homes are fortunate regarding the location and accessibility. It is located right at blocks C, E, and F of the Multi Garden B-17 Islamabad. This top-class housing project is at a drive of 15 minutes from G.T. Road. Several landmarks like Bahria Town and DHA Islamabad are merely a 20-minute drive away from Zarrar Homes Islamabad. Also, famous malls like Centaurs and Safa Gold are in its vicinity. In a nutshell, it is a reachable and highly accessible housing project that you can access from every corner of the twin cities.
Is Zarrar Homes a legal housing project?
Zarrar Homes Islamabad has not acquired its NOC from the concerned authorities, but speculations are the developers are expected to receive it in the upcoming days. Above all, the arduous job has been completed – management of legal papers and applying for the NOC. Therefore, we will announce it whenever they acquire their NOC from CDA.
The master plan of Zarrar Homes Islamabad
The master plan of Zarrar Homes Islamabad is relatively easy and understandable at first sight. There are two types of ready-to-live homes available for sale in Zarrar Homes, i.e., 5 Marla and 8 Marla. The developers have tried their best to build the society’s stature as an unprecedented in the federal capital city of Pakistan. Therefore, Zarrar Homes Islamabad has become a center of interest for house seekers. You can find 5 Marla and 8 Marla luxurious, high-quality, and well-furnished houses in Zarrar Homes at a price less than your expectations.
Payment Plan of Zarrar Homes Islamabad
To understand the payment plan of Zarrar Homes Islamabad, you have to keep in mind that there are total blocks in Zarrar Homes, i.e., C, F, and E. therefore, the prices may warry depending upon the blocks and the size of the plots.
Payment plan of 5 Marla home in Block C
The total price of a 5 Marla readymade home (25 X50 sq ft) is PKR 13,500,000. The booking fee is PKR 2,025,000 – 15% of the total amount of the home. These homes are available on 10 monthly instalment plans, i.e., you have to pay PKR 137,500 for 10 months. Also, 3-quarterly installation is functional, and for that, you will pay PKR 2,025,000 after three months.
8 Marla homes in Block F and E
The total amount to own an 8 Marla lavish home in Zarrar Homes Block F and E is PKR 16,500,000. The booking and confirmation fee is PKR 2,475,000 each. The instalment plan spans over 10 months, and every month you will have to pay PKR 171,591. In addition to this, the 3-quarterly installation plan is also functional, and you will pay PKR 825,000 after every three months. However, the possession fee exists at the time of transfer, i.e., PKR 2,000,000.
Payment plan of 8 Marla homes in Block C of Zarrar Homes
The total price of an 8 Marla home is PKR 16,500,000. The down payment fee to own 8 Marla (30 x 60 sq ft) in Zarrar Homes is PKR 2,475,000 – 15% of the total amount. The confirmation fee is also 15% of the total amount. After that, the instalment plan starts, and you will pay PKR 212,500 for 10 months. At the time of possession, the transfer fee is PKR 2,000,000, and will you pay it else they will not allow you home.
Frequently Asked Questions
Q1. What is the legal status of Zarrar Homes Islamabad?
ANS. Zarrar Homes have completed and forwarded all the legal documents to the concerned authorities, and in a couple of weeks, the authorities will provide the developers with their deserved NOC.
Q2. Is Zarrar Homes’ location is best and most accessible?
ANS. Yes, the location of Zarrar Homes is easily reachable from all points of Islamabad and Rawalpindi.
Q3. Is it good to invest in Zarrar Homes?
ANS. For future security and a rampant profit, Zarrar Homes is the best place.
Q4. Who are the developers of Zarrar Homes?
ANS. The developers of Zarrar Homes Islamabad are Zarrar & Co.
Conclusion
To sum it up, Zarrar Homes Islamabad is the best place for the tranquil environment and scenic views. Therefore, it is best to invest there for future or residential purposes. For more information about housing societies like Park View City and Taj Residencia, visit our website, sigma properties.
Star Enclave Islamabad is an ultra-modern housing committed to providing top-notch facilities to its residents within the locality. All the rhetoric about Star Enclave is we can see on the ground.
Owner and Developers of Star Enclave Islamabad
Star Marketing Private Limited is the driving force behind developing the Star Enclave Housing Society. With the amount of experience Star Marketing has, we can clearly indicate this project is going to be one of the top housing projects in Pakistan. Apart from Star Marketing, the owners also signed a deal with Greenland Holdings Private Ltd. for designing and construction purposes. For your information, Greenland Holdings is a multi-national company that has worked in several parts of the world. Some of their premier delivered projects are Metropolis Los Angeles in the U.S.A, Spire London in the U.K, Greenland Center Sydney in Australia, Atlantic Yards in New York, and a 5-star hotel in Toronto, Canada. So looking at the expertise of Greenland Holdings, we can say that Star Marketing has made a good deal by hiring the services of Greenland Holdings (Pvt) Ltd.
Wondering about the achievements of Star Marketing, it is one of the oldest marketing companies in Pakistan. Also, it holds the record of accomplishing advertising and marketing of most housing societies in Pakistan.
Is Star Enclave a legal housing society?
Actually, Star Marketing bought this project to its name from Rabia Residency. And to its name, the NOC was granted by Rawalpindi Development Authority. Therefore, Star Enclave is a legal housing society with all the legal documents and papers under its belt.
Location of Star Enclave
Located at merely 15 mint drive from the proposed Rawalpindi Ring Road, Star Enclave’s exact location is Chakri Road near New Islamabad International Airport. Moreover, several housing societies and famous hallmarks touch its boundary. Therefore, we can say that Star Enclave has an ideal location regarding the availability of roads and access points.
Famous points near Star Enclave
Capital Smart City, Nova City, Mumtaz City, Al Mairaj Housing Scheme, Qurtaba City, Rudn Enclave, Top City 1, and Abdullah City are some of the famous housing societies near Star Enclave Housing Society.
Master Plan of Star Enclave
Star Enclave is spread over 2500 Kanals land, making it one of the capacious housing societies of Islamabad. There are a plethora of residential plots available for sale in society. Also, to meet the requirements of people from all walks of life, the developers have announced plots in different categories. Following are the residential plots available for sale in Star Enclave
5 Marla
8 Marla
10 Marla
1 Kanal
Payment plan of Star Enclave Housing Society
Following is the payment plan different residential plots available for sale in Star Enclave
5 Marla residential plots for sale in Star Enclave Islamabad
The total cost of a 5 Marla residential plot in Star Enclave Islamabad is PKR 1,815,000. The booking fee is PKR 165,000. However, you will have to pay the confirmation fee after the booking fee, which is also PKR 165,000. Once the booking and confirmation fee is done, you will pay the allocation fee, which is PKR 165,000. Once the booking, confirmation, and allocation fee is done, your installment program will begin, which spans over 33 months, and during these 33 months, you will pay PKR 544,500. Not to forget that you will also pay 5 half-yearly installments along with these installations.
Nonetheless, the half-yearly installments are PKR 495,000 as a whole. At the time of possession, the possession fee is PKR 115,500. Also, you have to keep in mind that the pre-launch prices of 5 Marla residential plots were PKR 1,650,000. However, after the launch, the post-launch prices boom up to PKR 1,815,000.
8 Marla residential plots in Star Enclave Housing Society
The price of the 8 Marla residential plot in Star Enclave is PKR 2,475,000. The booking fee is PKR 225,000. Therefore, the same is the pattern for other plots regarding the confirmation and allocation fee. Therefore, the confirmation and allocation fee is PKR 225,000.
10 Marla residential plots
10 Marla residential plots in Star Enclave Housing Society are offered with a base price of PKR 3,245,000. The booking, confirmation, and allocation fee is PKR 295,000.
1 Kanal plots
The price of 1 Kanal residential plot is PKR 6,105,000. The booking fee is PKR 555,000. However, the confirmation and allocation fee is also PKR 555,000.
Conclusion
To sum it up, we can say that Star Enclave is the best for generating a profit and providing the best place to live in it. Furthermore, know about Blue World City and Capital Smart City, visit our website Sigma Properties
Frequently Asked Questions
Q1. Who is the owner of Star Enclave?
ANS. Star Marketing (Pvt) Ltd. holds the ownership rights of Star Enclave.
Q2. Who are the developers of Star Enclave?
ANS. Greenland Holdings Private Ltd. is the developer of Star Enclave.
Q3. Where is Star Enclave located?
ANS. Star Enclave is located at Chakri Road near New Islamabad International Airport.
Q4. Is Star Enclave a legal housing society?
ANS. Yes, Star Enclave is a legal housing society.
Q5. Is it reasonable to invest in Star Enclave?
ANS. Absolutely yes, Star Enclave provides every opportunity for investors to make a significant profit out of their investment.
A picturesque and innovative housing venture, Smart Island Islamabad, is climbing the ladder of success with rapid speed. Society has taken a rigorous stance on developmental work, and fortunately, it has achieved the culmination way before the anticipated time.
Owner and developers
The developers of the Smart Island are JBM Private Limited, with consultation with different sub-developers. According to the chairman of JBM Private Limited, Mr Haji Arbab Qadir, Smart Island Islamabad‘s essential constructional and infrastructural work at the end of this month. In addition to this, the CEO, Umar Jaskani, also stated that the concerned authorities would soon allow the NOC of the Smart Island Islamabad in a couple of months.
Location
Smart Island Islamabad location is one of the most reachable places in Islamabad. It is located right at the famous Chakri Road near Chakri Interchange on Lahore-Islamabad Motorway M-2. However, you can get there using the National Highway, Rawalpindi-Kohat Road, and Srinagar Highway.
Famous nearby landmarks
The landmarks near Smart Island are immense in number. A few of them are Kingdom Valley, Blue World City, Capital Smart City, Qurtaba City, Discovery Gardens, University Town, Rose Valley, Noval City, and Marbel Arch Encalve.
Non-Objection Certificate (NOC)
The NOC of Smart Island Islamabad is soon to be approved by the Rawalpindi Development Authority. for your information, the society has already met the standards and demands of the authorities, and it is expected that it will gain legal status in a couple of months.
Master Plan of Smart Island Islamabad
The master plan of the society is as simple as a, b, c. the society is divided into different phases, but the residential plots are available in 5 Marla, 10 Marla, and 1 Kanal.
Payment plan
The payment plan for different residential plots is given below.
5 Marla residential plot
As it is a low-cost and high-quality society, that’s why a 5 Marla residential plot will cost you a total of PKR 950,000. At the start, you will pay the booking fee, which is PKR 130,000. After booking, the 60-month instalment plan starts; for that, you have to pay PKR 8333 per month. However, at the time of possession, you will have to pay the possession fee, which is PKR 320,000.
10 Marla plot
A 10 Marla residential plot’s total price is PKR 1,500,000. However, the booking fee is 20% which is PKR 300,000. The possession fee for a 10 Marla residential plot is PKR 500,000, which you will pay at the time of possession. Fortunately, it is also available on a 5-year instalment plan, and for 5 years, you will pay PKR 11,667 per month.
1 Kanal
The booking of a 1 Kanal residential plot is PKR 500,000, which is 20% of the total amount, i.e., PKR 2,500,000. The monthly instalment plan is PKR 20,833 per month, spanning over 60 months.
Amenities and facilities
Every society has its pros and cons because everyone is in the market for the sake of competition. That’s why a housing society prefers long and sustainable development goals so that they can be deemed reliable and trustworthy in the eyes of the residents and investors. However, some housing societies embarked on something different, which attracted thousands of investors right after it launched. If there are no facilities for residents and investors, the society busted in the blink of an eye.
The same is the case with Smart Island Islamabad; the amenities it provides to the investors and residents at a low cost are found nowhere in the twin cities. Following are some of the critical attributes of Smart Island Islamabad.
Eco-Friendly
Human loves greenery and lush grounds. That’s why Smart Island is enriched with greenery and big grounds. However, to cope with the rising pollution in urban areas, the housing societies needed to step up and develop or change their societies into eco-friendly societies. Unfortunately, very few sense it and transform their societies.
Smart Island Islamabad is one of them. The developers have left no stone unturned to make society eco-friendly and suitable for living.
Water Reservoirs
To understand the water shortage contingency, you have to keep in mind that Pakistan is already on the red list regarding the shortage of water. In the future, the scenarios may get worse if the authorities do not work to constrain the water’s inadequacy. Nonetheless, Smart Island Islamabad has already taken concrete steps in the 24/7 availability of water for domestic use and drinking purposes.
Commercial, education, and health facilities within the boundary wall
There are already established setups of education and health in society. Also, a commercial hub has been in progress to enjoy shopping and daily use within the Smart Island Islamabad.
Conclusion
We can conclude that you can’t find any best society on a limited budget than Smart Island Islamabad. For more information about housing societies like Taj Residencia and Park View City, visit our website @sigmaproperties.com
Skyline Apartments Islamabad is a top-class government-approved apartment project that is ready to saturate government employees with luxurious apartments. Among the recent initiatives of the incumbent government regarding the provision of plots and apartments, Skyline Apartments Islamabad has attracted a big chunk of investors itself. Though, the notion that Skyline Apartments are only for government employees is totally irrelevant and irrational.
Owner and developers of Skyline Apartments
Skyline Apartments Islamabad is a joint venture of the Federal Government Employees Housing Authority (FGEHA) and Aryan Land Linkers & Contractors (Pvt) Limited. The developmental works, including construction and master plan of the society, are allotted to Aryan Land Linkers & Contractors. In contrast, the management and administrative matters, including plots allotment, are allotted to FGHEA. This top-notch project falls under the umbrella of the Naya Pakistan Housing Program, an initiative of PM Khan.
Location
Skyline Apartments project is fortunate enough regarding its location. It is located in Airport Green Garden Housing Scheme. So, we can say that it is based in the proximity of the M-2 Motorway and Islamabad International Airport.
Hallmarks near Skyline Apartments
Numerous landmarks have encircled Skyline Apartments. Some of them are big cities like Taxila, Rawalpindi, Islamabad, and Attock. Apart from them, hallmarks like Top City-1, Blue World City, Nova City Islamabad, and Capital Smart City Islamabad are also in its vicinity.
Is Skyline Apartments a legal project?
The Skyline Apartments Islamabad is an approved housing society by the government. Also, the government is one of the forces behind driving and manoeuvring society.
Master plan
There are a total of 3945 residential apartments in Skyline Apartments, and 90% of the apartments are allocated to government employees. However, the remaining 10% will be allocated to the civilian through bidding or the “first come, first serve” technique. The area on which the apartment will be built is 295 Kanal. Similarly, the apartments are further subdivided into the following grades.
Rose Apartments
Tulip Apartments
Daffodil Apartments
Rose Apartments
Rose block in Skyline Apartments is for the employees who are serving in different ministries and organizations in BPS 18-22. There are a total of 774 apartments in this block. It is an 11-story building. The area of an apartment is 1754 square feet.
Tulip Apartments
The Tulip Apartments are for employees BPS 10-17. The number of apartments is 1076, and it is an 11-floor building. The total area of an apartment in Tulip block is 1238 square feet.
Daffodils Apartments
For employees working in BPS 1-9, the Daffodils apartments provide them with a luxurious lifestyle. The block consists of 1701 apartments, and the area of a single apartment is 1011 square feet.
Note: (3-bedrooms apartments are available in Rose and Tullip apartments. The 2-bedrooms apartments are only in Type C, i.e., Daffodils apartments)
Facilities at Skyline Apartments Islamabad
The amenities and facilities available at Skyline Apartments are top-notch, and people will never embrace such luxurious life anywhere else. Some of them are given below.
Proper security
For the residents of Skyline Apartments Islamabad, the authorities have worked hard to provide state-level security to its residents.
Surveillance
The apartments are under constant surveillance of CCTV cameras. Therefore, to detect every malign activity inside the apartments
24/7 Availability of the basic needs
Who wants to face a plethora of trouble? No one. To ensure the availability of basic needs 24/7 was the main objective of Skyline, and fortunately, they succeeded. There is a constant flow of electricity, gas, and water in the Skyline Apartments.
Eco-Friendly
The project is built on high eco-friendly standards.
Low-cost
Skyline Apartments project is a highly low-cost project. So, it is an opportunity for low-class employees to own an apartment for their employees.
Other amenities
The apartments are enriched with several other amenities that one can only imagine. For example, the safety provided by the authorities to the residents is up-to-the-minute. There is proper infrastructure and waste disposal system installed with the help of international companies. Also, there is a cell that is made for the purpose of enhancing the quality of individuals.
What are the criteria for owning an apartment in Skyline Apartment Islamabad?
There is a chain of criteria for owning an apartment in Skyline. The first one is you must provide financial security to the authorities. After that, you have to bring two passport size pictures (fresh pictures). Along with them, two photocopies of your CNIC. In addition to this, bring two copies of the CNIC of your next kin. For overseas clients, they must bring NICOP.
Frequently Asked Questions
Q1. Can a civilian buy an apartment in Skyline Apartments?
ANS. Yes, 10% of the total apartments are allocated for common civilians.
Q2. Is Skyline Apartments an approved project?
ANS. Yes, Skyline Apartments Islamabad is an approved project from the Govt. of Pakistan.
Q3. Is Skyline a low-cost project?
Ans. Obviously, Skyline is a low-cost project, and even a lower-class person can own a property in it.
Conclusion
We can conclude that the Skyline Apartments project is not only for the upper-class. Even middle and lower-class people can also buy an apartment and enjoy the beauty of life. Furthermore, for information about housing societies like RUDN Enclave and 1947 Housing Islamabad, For more information visit our website Sigma Properties.
Shalimar Town Islamabad is an established housing society committed to bringing easiness and prosperity into every individual’s life. The cosmopolitan and sophisticated development in Shalimar Town has stimulated and energized the real estate sector again in Pakistan. It has indicated to all the stakeholders that a housing society can reach its culmination with meager resources if the developers work with zeal and passion.
Developers of Shalimar Town Islamabad
Shelter & Shelter Private Limited is the developer of Shalimar Town Islamabad. The company’s attributes contain rapid work and delivery before time, a team of highly-skilled engineers and architectures, and a reputation of second to none among its peers. That’s why the investors trusted the project and now enjoying its perks. Also, in very little time, Shalimar Town subjugated its competitors courtesy of no compromise on the principles.
Location of Shalimar Town
The location of Shalimar Town Islamabad is highly-accessible because it is located right on Motorway M-1 and just 7 mint drive from Motorway M-2. Another ideal route to reach Shalimar Town is National Highway N-80 as the society is merely 5 mint of drive from it. The famous New Islamabad International Airport is located just 8 mint drive from Shalimar Housing. If you are curious about famous landmarks or prominent places, then the mentioned housing society is encircled by several hallmarks like Sector E-16, E-17, E-18 of Islamabad. Also, Srinagar Highway provides easy access to Shalimar Town.
What is the legal status of Shalimar Town Islamabad?
By now, Shalimar Town has not received its Non-Objection Certificate (NOC) from concerned authorities. Still, the speculations are revolving around that RDA will allot Shalimar Town with its well-deserved NOC as the latter one has already completed all the legal documents regarding the provision of NOC.
Shalimar Town Master Plan
A consortium of different competent companies – design and architectures- has made the master plan of Shalimar Town. in the master plan, they have left no stone unturned to ensure the investors regarding the flexibility and diversity in the plots. Therefore, with all the options on the card, one can invest and own a plot of his own choice. Compared to other housing societies, there is no such announcement regarding the availability of farmhouses or villas. Still, they may embark on expanding the project and launching farmhouses and villas in the future. Still, it is vague. So, for easiness, you can consider residential plots for investment.
The master plan of Shalimar Town consists of four blocks, Block A, Block B, Block C, and Block D.
Residential plots in Shalimar Town Islamabad
Following are the residential plots available for sale in Shalimar Town Islamabad.
5 Marla
7 Marla
8 Marla
10 Marla
14 Marla
Payment Plan of Shalimar Town Islamabad
The payment plan of Shalimar Town is simple like a, b, c. following is the payment plan of Shalimar Town Islamabad.
5 Marla residential plot payment plan
The based price of a 5 Marla residential plot in Shalimar Town is PKR 3,800,000. The down payment fee is PKR 760,000, i.e., 20% of the total price
7 Marla residential plots
The total price of a 7 Marla residential plot in Shalimar Town is PKR 45 lacs. The prices may vary depending on the location and block.
8 Marla
The price of the 8 Marla residential plots is PKR 5,200,000. However, you can find the same plot in a bit of amount too.
10 Marla residential plot in Shalimar Town Islamabad
The 10 Marla residential plot in Shalimar Town is lucrative and beneficial regarding land and investment. Also, it came in our experience that the resale of 10 Marla is relatively high compared to other plots. Its price is PKR 6,000,000, and the down payment fee is 20% of the total amount.
14 Marla residential plots in Shalimar Town
If you want to own an extensive 14 Marla residential plot in Shalimar Town, it will cost you PKR 7,300,000. It is best to invest in Block A, keeping in mind the current scenarios, as the rampant development shows that people and investors are keen to get the best out of them.
Conclusion
We can conclude that Shalimar Town Islamabad is a great opportunity for those people who want to live in a tranquil environment close to the twin cities. Furthermore, visit our website Sigma Properties, to learn about housing societies like Lahore Smart City, Rudn Enclave, and Blue World City.
Frequently Asked Questions
Q1. Who are the developers of Shalimar Town Islamabad?
ANS. The developers of Shalimar Town are Shelter & Shelter Private Limited.
Q2. Where is Shalimar Town Islamabad located?
ANS. Shalimar Town is located right next to the Motorway M-1.
Q3. Is Shalimar Town a legal housing society?
ANS. Society has not received its NOC yet.
Q4. How is the progress of development work in Shalimar Town?
ANS. The development and construction work is going rapidly, and people will soon reside in it.
Impacts of Pakistan Budget 2022-23 on Real Estate Business
The new budget 2022-23 was announced and has brought about various changes in the taxation system and other economic regulations. This article will provide a detailed analysis of the budget and its implications on the real estate industry.
The biggest change in the budget is the introduction of a new property tax system. The property tax system in Pakistan is based on the concept of inheritance tax, which means that property taxes are paid only when a property is passed down from one generation to another. The budget has introduced a new property tax system called the Sales Tax System. This new system will be implemented in two phases and will apply to all properties, including agricultural land and commercial properties.
The second major change in the budget 2022-23 is the increase in income tax rates. The income tax rates have been increased from 5% to 10%, 10% to 20%, 20% to 30%, and 30% to 40%. This increase in income tax rates will have a significant impact on businesses and individuals who earn a lot of money. Overall, the Pakistan budget has introduced many changes that will have an impact on the real estate industry which are discussed below.
What are the impacts of Pakistan’s budget 2022-23 on the Real Estate Business?
The Pakistani government has unveiled its budget for the upcoming fiscal year, and it has had a significant impact on the real estate industry. The budget has proposed a number of tax changes that will have an impact on the real estate industry. For example, the government plans to increase taxes on property transactions and property ownership. This will make it more expensive for people to buy or sell property, and it could lead to a decrease in demand for real estate.
Additionally, the government is planning to reduce the amount of money that individuals can receive in tax breaks. This could lead to a decrease in demand for real estate because people may no longer be able to afford to buy or rent a property. Overall, the budget has had a negative impact on the real estate industry. It is likely that there will be a decrease in demand for property, and prices may drop as a result.
What are the Negative impacts of the Pakistan Budget 2022-23 on the Real Estate Business?
One of the major impacts of the recently passed Pakistan budget is that it has caused a decrease in the value of the real estate. This budget has decreased government spending, which in turn has led to a decrease in the value of the property. The main reason for this is that the government has decided to reduce its investment in the real estate sector. They have also decided to raise taxes on property sales, which has made buying and selling properties more expensive.
Overall, this budget has had a negative impact on the real estate business in Pakistan. It is expected to cause more job losses and a decrease in the purchasing power of people living in Pakistan.
What are the Positive impacts of Pakistan’s Budget 2022-23 on the Real Estate Business?
The positive impacts of the Pakistan budget on the real estate business are manifold.
The budget 2022-23 has restored some confidence in the economy, which has led to an increase in sales and investment in the sector.
It has also incentivized developers to commence work on new projects.
It has reduced borrowing costs for real estate investors.
It has improved the liquidity conditions in the market.
It has increased available credit lines for real estate businesses.
It has strengthened the banking sector, which will help to provide financing to real estate businesses.
It has increased income tax exemption limits for individuals and companies engaged in real estate activities.
It has introduced a new property tax regime that is more equitable and rational.
It has standardized documentation requirements for all types of property transactions.
Lastly, it has revamped the land registration system to make it more efficient and easier to use.
All these factors are likely to have a positive impact on real estate prices and activity in Pakistan over the medium to long term.
Where is the Industry of Pakistan Real Estate heading?
There is no dearth of real estate developers in Pakistan, but the sector is facing some tough challenges. One of the major reasons for this is the country’s weak economy, which has adversely affected both Developers and Consumers. In order to revive the Pakistani real estate sector and bring about much-needed stability, the government has been implementing various schemes and policies. Here are a few of them:
First and foremost, the government has undertaken several measures to revive the country’s faltering economy. This includes creating jobs, reducing inflation, and increasing investment in key sectors such as real estate. To support job creation in the real estate sector, the government has also liberalized various regulations. In addition, it has also provided tax breaks to developers and offered loans at low-interest rates.
When it comes to consumers, the government has tried to create an enabling environment by introducing a slew of schemes such as housing subsidies and tax breaks for home buyers. It has also increased funding for housing projects in underserved areas. In addition, it has set up special units to streamline approvals for construction projects. Apart from these measures, the government has also embarked on a number of long-term projects to improve the overall condition of the Pakistani real estate.
Pros of Investing in Real Estate Business
There are a few reasons why people should invest in the real estate business in Pakistan. First of all, the Pakistani rupee has been weakening against the US dollar for some time now, so buying property in Pakistan now is a much more affordable proposition than it was a few years ago. Secondly, property prices have been on the rise in most parts of Pakistan over the past couple of years, especially in larger cities like Karachi and Lahore. This means that there is an increasing demand for real estate properties, which is good news for investors.
However, there are some risks associated with investing in the Pakistani real estate market. Such as political instability. It can adversely affect the economy and therefore the real estate market. This is because property prices are often linked to economic indicators, so a sudden decrease in investment or activity could lead to a sharp fall in property prices. Secondly, terrorist attacks can have a negative impact on the real estate market as well. This is because many people who are interested in buying or selling properties decide to wait until after an attack has occurred before making any decisions. Finally, corruption is still a big problem in Pakistan and can lead to fraudsters trying to take advantage of unsuspecting investors.
Conclusion
The budget proposed by the Pakistani government for 2022-23 has had a significant impact on the real estate business in Pakistan. The main aim of this budget 2022-23 is to reduce the country’s debt and deficit, improve the health and education sectors, and revive investment in key industries. As a result of these aims, many important changes have been made to taxation laws, which have impacted both investors and businesses operating in the real estate sector. Furthermore, you should also know about Capital Smart City, Lahore Smart City, and Rudn Enclave.
