Disclaimer: MRA (Monthly Real Estate Analysis) – DHA Lahore Property Market Report as of March 2021 is a general guideline and does not cover all aspects of the market. The real estate trends vary even within blocks of the same phase and for a layman it becomes very complicated and confusing. You can now download our Google Store app and read the latest news and developments or book an appointment for a consultancy.
Can foreigners acquire land ownership rights in Pakistan?
Yes! Foreigners can become owners of land after the company is registered with the Securities and Exchange Commission of Pakistan (SECP). However land is a provincial issue in Pakistan and land acquisition rules vary from province to province. Generally, foreign nationals can become landowners individually with the permission of the Federal Government (Ministry of Home Affairs) and the relevant provincial government.
All sectors and activities are open to foreign investment unless specifically prohibited or restricted for reasons of national security and public safety. Note that specific limited industries include weapons and ammunition, explosives, radioactive substances, securities, currency and usable alcohol. There is no minimum limit for foreign equity investment in any sector. There is no upper limit for foreign equity stocks to invest in sectors other than airlines, banking, agriculture and media.
Foreign investors in any sector will be entitled to return profits or any other funds in the country’s currency at any time when the investment has been made.
According to Section 6 of the Foreign Private Investment (Promotion and Protection) Act, 1976 and in accordance with the Manual of Foreign Exchange, 2002 of the State Bank of Pakistan, the procedure for foreign investment is subject to rules and regulations. Foreigners are entitled to 100% property rights, except in certain areas of airline, banking, engineering, agriculture and media.
Pakistan’s existing laws provide full incentives and facilities for foreign direct investment as well as portfolio investment in the country to increase foreign exchange earnings. Non-resident investors of locally incorporated companies are entitled to return profits/profits and divestments and appoint authorized traders/banks to repay the profits/divestment income through the banking channel.
For portfolio investment in Pakistan, foreign investors can invest in securities listed on the Pakistan Stock Exchange by opening a Special Convertible Rupee Account (SCRA) with any bank in the country. Changes and refunds of other fees are also permitted in accordance with currency rules. and regulations.
For more news and updates, visit the Dear Blog.
List of NOCs, Approval Required for Project in Jurisdiction of CDA: Housing Combinations
The Capital Development Authority has published a comprehensive list highlighting all approvals and Certificates Without Object (NOC) required for the process for 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 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.
Everything You Need to Know About Pakistan’s Cybercrime Laws
According to a statement made in front of the National Assembly by Parliamentary Secretary for Interior Shaukat Ali, the Criminal Investigation Agency’s (FIA) Cybercrime Wing is going to build a Cyber Patrolling Unit (CPU) to monitor what’s trending upon on the internet, social media in particular. The new initiative’s budget has reportedly been cast aside, and it slated this to launch in two to three months. Cybercrime is now one of the primary worldwide concerns, causing billions of dollars in monetary damage to the global economy. According to statista.com, the total monetary damage caused to the global economy by cybercriminal operations reached 3.5 billion US dollars, or roughly 580 billion Pakistan rupees, through the end of 2019.
With our country’s rapidly increasing internet penetration, Pakistani authorities have taken the required measures to ensure people and their data safe online. The more the individuals in our country rely on Internet services, the more susceptible they are all to digital crimes. We’ll study several kinds of cybercriminal activities and cybercrime legislation in Pakistan in this blog. In we’ll learn more about the step-by-step process for detecting cyber crime in Pakistan.
There are several varieties of cybercrime, which are divided into the following groups.
Hacking: is a sort of cybercrime that involves getting unauthorized access to data stored on a person’s computer.
Identity fraud: is the intentional use of yet another person’s identity. In 1964, the phrase “identity theft” was coined.
Cyberbullying: also referred to as online bullying, is a form of harassment or bullying that actually occurs via the internet.
Cyberstalking: The use of internet to stalk or harass somebody is known as cyberstalking. False charges, slander, and libel are all implicated.
Spoofing: is a hacking technique in which hackers fool computer systems in order to get an unfair competitive advantage and steal information from social contacts or websites.
Financial fraud occurs whenever someone uses the internet to steal money or deprive others of their assets.
Digital piracy:, also known as online piracy, is indeed the act of downloading and sharing digital copyright material without permission.
Computer viruses: malicious software are malware computer programs that duplicate themselves in order to involve and spread across computers.
Malware: is malicious software developed by cybercriminals with the goal of harming people to a server, computer, client, or network.
Intellectual property rights: Stealing copyrighted content or material through the internet is characterized as intellectual property theft.
Money laundering: seems to be the practice of using the internet to launder money through various online payment methods.
A denial of service (DOS) assault: is a cyberattack that aims to disrupt the targeted server’s traffic. It stops the intended users from accessing a network resource or system.
Electronic terrorism: often referred to as cyberterrorism, is the use of the internet to carry out violent crimes. It entails posing a danger to someone or gaining ideological or political advantage.
Vandalism: refers to the deliberate destruction and damage of your online content.
Pakistan’s Cybercrime laws
Pakistan currently has three cyber crime laws in place. In Pakistan, these laws address several types of online offenses. The following is a list of them:
- The Electronic Transactions Ordinance (ETO) was enacted in 2002
- 2007 Electronic/Cyber Crime Bill
- PECA 2016 (Prevention of Electronic Crimes Act)
The Electronic Transactions Ordinance (ETO) was enacted in 2002
The Electronic Transactions Ordinance (ETO), which had been enacted in 2002, was the first IT-related legislation. National legislators established these. It was an essential step in ensuring the legal sanctity and preservation of the local e-Commerce industry. A large portion of Pakistan’s cyber crime legislation was dominated by external cyber crime legislation. It is divided into 43 categories that deal with different forms of cyber offenses in Pakistan. Pakistan’s cyber crime law encompasses the main eight key elements of the e-Commerce business.
- Electronic Document Recognition
- Electronic Communications
- The Digital Signature Regime and Its Legal Consequences
- Digital Signatures
- Stamp Duty
- Certification Services for Websites and Digital Signatures
- Certified Copies: Attestation and Notarization
2007 Electronic/Cyber Crime Bill
In 2007, the PECO (Prevention of Electronic Crimes or Cybercrime Ordinance) was passed. The following constraints offenses are included by Pakistan’s cyber crime law:
- Terrorism on the Internet
- Damage to data
- Electronic thievery
- Forgery of electronic documents
- Unauthorized Entry
Cybercriminals in Pakistan can present a myriad of sanctions under protecting Electronic Crimes or Cybercrime Ordinance (PECO). For various forms of Cybercrime, they can range from six months in prison to perhaps the death penalty. The laws apply to everyone in Pakistan that commits a cyber crime, regardless of nationality or citizenship.
PECA 2016 (Prevention of Electronic Crimes Act)
In 2016, the Prevention of Electronic Crimes Act (PECA) was enacted. In Pakistan, it provides a clear framework for all sorts of cyber crime. It is one of Pakistan’s cyber crime laws, and it is founded on the Cyber Crime Bill of 2007. In Pakistan, it deals with various internet crimes.
- Unauthorized Data Access (Hacking)
- Denial of Service (DoS) assault (DOS Attack)
- Electronic Forgery and Electronic Fraud are two types of electronic fraud.
In Pakistan, the Prevention of Electronic Crime Act (PECA) enforces the sanctions mentioned below on cybercriminals.
- For unauthorized access to sensitive information systems, you could face up to three years in prison, a penalty of one million Pakistani rupees, or both.
- Disruption of critical information systems with illegal and unethical motives can result in up to seven years in prison, a PKR ten million fine, or both.
- For involvement in a terrorist attacks offense, you could face up to seven years in prison, a PKR ten million fine, or both.
- Importing, exporting, or supplying electronic devices for offensive use can lead to up to six months in prison, a PKR 50 thousand fine, or both.
- For being involved in a security breach, you might face up to three years in prison, a PKR 5 million fine, or both. It might include the unintentional internet release of somebody’s personal information.
In Pakistan, How Do You Report Cybercrime? (national Response The Centre for Cyber Crime)
The Federal Investigation Agency is now in charge of the National Response Centre for Cyber Crime (NR3C) (FIA). In Pakistan, it acts as a cyberlaw enforcement agency. Whether you’re looking for a way to report a cyber crime in Pakistan, NR3C is the place to go. The National Response Centre for Cyber Crime, as per its official website, has expertise in NR3C in Digital Forensics, Information Security Audits, Technical Investigation, Vulnerability Scanning, and related training.
How To File A Cybercrime Complaint Through Nr3c In Pakistan?
If you’ve been to the official website of the NR3C, you’ll notice that there’s a page devoted to reporting computer crime. You’ll be directed to the FIA web page if you click the link to that part, as shown in the screenshot. You’ll fill in all of the required information and attach any relevant documents here. This is how you’re using NR3C to file a cybercrime complaint in Pakistan.
You can contact the National Response Centre for Cyber Crime in Pakistan using the following contact information to get updates on the status of your cyber crime complaint.
Contact number: 051-9106384
Contact number: 03366006060
Helpline For Cyber Rescue
Do you want to make a cyber crime complaint in Pakistan? As a 24/7 complaint helpline, NR3C has provided another convenience for internet consumers. 9911 is the number to call if you need help with cyber-crime.
Nr3c Salient Features
Let us just study more about National Response Centre for Cyber Crime in Pakistan now that you know how to file a complaint about cyber crime in Pakistan. We’ll go over some of the major characteristics listed on its website. They’ve been categorized as the institution’s achievements, such as how it combats cybercriminals in Pakistan. It also includes NR3C’s training, research, and development programs.
- Programs of Study
- Development and Research
Raids and crackdowns on illegal grey traffickers with VOIP setups were successful, costing the government roughly PKR 3 billion per month.
- Thousands of accusations of cyber harassment and internet defamation.
- Many incidents involving internet fraud and scams have indeed been successfully resolved by NR3C.
- Assisted with technical details of cyber crime cases that required audio and video forensic investigation.
- Responded to a financial sector’s grievances. Banking/ATM frauds, card fraud, and internet banking frauds are all possibilities.
Programs of Study
- Law enforcement agencies receive technical training in digital forensics, cyber crimes, and information security.
- Awareness seminars and informative lectures are conducted at prestigious educational institutions and corporate companies.
- For proper interpretation of forensic data, cyber crime, legislation applications, and evidence solvent extraction, skill development training based on digital forensic comprehension is needed.
- NR3C has trained over 12,000 people from across the country to help combat cyber crime.
Development and Research
- Developed a technique to track and identify the whereabouts of e-mails from unknown senders.
- To handle forensic demands, We created software.
- Developed a computer program for tracking and managing cybercrime complaints.
- Law enforcement agencies were helped in identifying mobile phones with duplicate IMEI numbers.
- In 2010, We contributed to a research study that was studied in the Journal of American Science. The title of the article was “DataMining Methodology in the Context of Manufacturing Databases.”
Cyber scouts in Pakistan are specially trained and dedicated citizens who assist the country in fighting internet crime. They are conditions leading from a specific age group, mainly teenagers and young adults. At NR3C, they receive specialized training in order to conduct the following jobs and responsibilities.
Cyber Scouts’ Roles and Responsibilities in Pakistan
- Educate people about cyber crime and how to prevent becoming a victim.
- Assist people in Pakistan with the process of reporting cyber crime.
- Inform the public about the measures that may be taken to prevent cyber crime.
- nr3c is a place where you can share information.
- Encourage safe and responsible usage of the internet.
- Individuals should be encouraged and assisted in reporting cyber crime.
- Keep an eye on the internet.
- Encourage the proper application of technology.
Tips for Avoiding Cybercrime
Here are some helpful strategies for preventing cyber crime
Protect Your Smartphones
- To keep your smartphone safe, always use a strong password.
- Set your device’s automatic lock to “on.”
- Install antivirus or other protection software on your computer.
- Apps should only be downloaded from trusted sources.
- Examine all app permissions.
- Don’t forget to upgrade your operating system’s security.
- Any spam links you get via email or text message should be avoided.
- Turn off your Wi-Fi connection’s automatic mode.
- Always look for “https” in the URL when browsing or purchasing online on your smartphone or PC.
Secure Your Banking Online
- Use separate PIN CODES for different bank accounts.
- For any form of internet banking, avoid using computers in cyber cafes.
- Never keep your pin code and debit/credit cards in the same place and never leave your
Computer unattended while using it to access your bank account.
- Always sign up for transaction alerts via mobile SMS and email.
- Never respond to emails or messages requesting your pin code or password.
- Type the URL into the address bar to get to the e-banking website.
- After you’ve finished using e-banking services, log out and exit your browser.
- When using an ATM, always cover the keypad before entering the pin code.
- Examine the area around the ATM to ensure that no additional devices have been installed.
Secure Your Social Media
- To get access to your account, use extra security mechanisms (security code, Login alert, etc)
- Set the login highest executive to on.
- Allow just certain individuals to see your stuff (videos, photos, tagged locations, and friends, etc.)
- Control and monitor who’s had access to your contact information.
- All search engines would be unable to find your profile.
How to Register a Construction Company in Pakistan
A Step-by-Step Guide
Starting a new company is always a difficult task. Apart from the capital, day-to-day operations, and the construction of an office, you must also register with numerous regulatory bodies and tax authorities. If you want to register a construction firm in Pakistan, you’ll want to go a step farther than most other enterprises to have the right licensing. As a result, to make the process easier for you here is a complete step-by-step guide about how to register a construction company in Pakistan.
The registration of a construction business in Pakistan is separated into three stages
- Registration with Pakistan’s Securities & Exchange Commission
- Registration with the Pakistan Engineering Council
- Registration with the Federal Board of Revenue
Each one of these operations contains a set of phases, each with its own set of requirements. To begin a construction business, you must first register your company with Pakistan’s Securities & Exchange Board. Afterward, when, you must register your business with the Federal Board of Revenue and apply for a National Employer Identification Number (NTN). Once you’ve completed all of these steps, you’ll have to create your account with the Pakistan Engineering Council in order to start operating as a contractor.
In Pakistan, you also can register your construction company with the Association of Builders and Developers of Pakistan, or ABAD. This is not, however, required.
Registration With The Pakistani Securities And Exchange Commission
The Securities and Exchange Commission of Pakistan, or SECP, is the country’s major economic regulatory agency. The main tasks of the SECP, which is based in Islamabad, also include registration of corporations in Pakistan and the regulation and monitoring of the corporate sector. These functions are handled by the commission’s regional offices, also called Registered Office Offices or CROs.
The commission started implementing a One-Stop-Shop for company registration. Furthermore, you can register your company as just a Single Member Company only with one director and a secretary, or even as a Private Limited Company with at least two directors. There are many three primary procedures to establishing a construction company with the SECP in Pakistan. This stage of the procedure takes a minimum of 1.5 months to complete.
1:Obtaining a Business Name Reservation
The first step in constructing a company in Pakistan is to reserve a business name. You can submit your ‘Business Name Reservation’ application in either person at your nearest SECP district director or online. To submit an electronic application, you first must register on the Security exchange of Pakistan’s web portal. After that, go off to e-Service Account and search for ‘Company Name Reservation.’ You should offer three names for your company, one of which is selected by the registrar included in the registration documentation. Just use the ‘SECP Online Company Name Search’ tool to double that your proposed names aren’t already being used. The ‘Company Name Reservation Certificate’ is usually issued within a day by the SECP. You get the option of picking it up at your local CRO or sending packages to the address you provided in your application.
2: Preparation and submission of incorporation documents
The second step in the company registration process in Pakistan is to submit documents of incorporation to an SECP. The list consists of the documents you will need to prepare.
Memorandum of Association: This section outlined the company’s primary business, as well as its name and the province where it is based.
Articles of Association: This document lays out how businesses will operate.
Filing Price: For smaller companies with a capital that is less than PKR 1 lakh, the filing fee is PKR 1,800 for application registration and PKR 3,500 for offline submission. The cost of incorporating a company varies based on the amount of investment and the size of the organization.
Other prerequisites for business registration include:
- CNIC copies of all directors scanned
- Bank Deposit Receipt Scanned (In case of offline payment)
- Authorization for respective people to file papers
You can also upload these documents to SECP’s e-portal in PDF format.
Certificate of Incorporation is issued
The National Institutional Facilitation Technologies (NIFT) will award your company a digital signature just after the Securities & Exchange Commission of Pakistan examines and verifies your supplied documents. You can obtain it by logging into SECP’s web portal. The NIFT will also issue you a certificate of incorporation, which you can receive only after submitting a detailed presentation about your company’s nature and operations.
It’s important to keep in mind that these standards may differ from case to instance. Do you want to learn more about the requirements and procedures for forming a business in Pakistan? If that’s the situation, take a look at our step-by-step approach to forming a company in Pakistan.
The Federal Board Of Revenue requires registration
You must register your firm with the Federal Board of Revenue (FBR) for taxation after registering with the Securities and Exchange Commission of Pakistan. You must specify the required documents and information in possible to qualify for NTN.
- Form for obtaining a national tax
- identification number Proof of company
- registration Memorandum
- Association Articles
- Association Bank account number
- CNIC copies for all directors
- Business address that has been verified
The Pakistan Engineering Council requires registration
The registration with FBR is typically the last stage in the procedure for most enterprises. Contractors, but on the other hand, must register their construction firms with the Pakistan Engineering Council, or PEC. The Pakistan Engineering Council is the country’s major professional body for regulating the construction industry. The main functions of such a council, which was formed under the PEC Act, are the registration of engineers and constructors, and also the accreditation of engineering programs given through Pakistan’s institutions of higher education and universities. It is necessary to register a construction company with the Pakistan Engineering Council (PEC) because it is impossible to take on any civil or government construction projects without first obtaining a no-objection certificate (NOC) from the top council.
C-A, C-B, C-1, C-2, C-3, C-4, C-5, and C-6 are the eight PEC registration categories for constructors and operations. At PEC offices in Islamabad, the Central Enrolment Committee (CEC) examines and approves the licensing of new companies in the C-A, C-B, C-1, C-2, C-3, and C-4 categories. However, the registration of C-5 and C-6 corporations are conducted by Regional Enrolment Committees (REC) at Regional and Branch Offices. These categories change based on a corporation’s net value, the number of engineers, and other factors. For a C-6 construction firm, the PEC registration fee starts at PKR 15,000 and increases with each category.
- The form for applying
- All directors, partners, and shareholders have copies of their CNIC.
- Voucher for original fee payment
- Last year’s bank statement or a Chartered Accountant-certified Audited Financial Statement
- NTN certificate copy
- List of the construction company’s machinery and equipment, as well as any contract agreements with equipment suppliers as well as an Organizational Chart officially approved by the CEO.
- Depending on the company, a notarized certificate of sole proprietorship OR a copy of the partnership deed and FORM C is required.
- Incorporation certificate
- On PKR 100 stamp paper, the CEO, directors, and investors sign an undertaking.
Here’s Everything You Need To Know About Lahore Metro Buses
About Metro Bus in Lahore
In recent years, Lahore, Punjab’s most populous metropolis and its administrative centre, is seeing remarkable growth. The city blends ancient history with modern infrastructure in a delightful way. The Azadi Chowk Metro Station, which would be set against the majestic backdrop of Badshahi Masjid (as seen on the cover), is a perfect illustration of this. Lahore also saw the construction of mega projects such as the Ring Road and the Kalma Chowk Flyover, that have helped to alleviate traffic congestion. Lahore Metrobus, widely regarded as Pakistan’s first Rapid Bus Transit (BRT) service, is another major initiative that was recently introduced in the city to modernise the public transport system.
Lahore Metrobus is run by which authority?
The Punjab Mass transit Authority (PMA), and is one of the provincial government’s regulatory authorities, is directly responsible for the management and maintenance of the Lahore Metrobus System. It is among the most well-known modes of public transit in the city. The new Metro Bus project not only breathed new life into Lahore’s mostly moribund public transport system, but it also substantially raised the standard for improvements in other big cities.
The History Of The Lahore Metrobus System And Its Construction
Following the lead of Turkey’s Istanbul Metrobus System, the Punjab government, in working in partnership with the federal government, proposed Pakistan’s first BRT system in Lahore. The Lahore Metrobus project began in 2012, and it was completed in phases, with packages being handed over to separate contractors for the consumption of food types of raw materials used in the construction. The Traffic Engineering and Planning Agency (TEPA), which would be a division of the Lahore Building Regulations, spent roughly PKR 29 billion on the development of Lahore’s Metro Bus System (LMBS) (LDA). A much opening of Lahore’s Metro Bus occurred in February 2014, and since then, this transportation system is already offering residents of Lahore cutting-edge amenities.
Infrastructure, Design, And Features
The design and infrastructure for Lahore’s Metro Bus have been equipped with all of the latest features, in accordance with Institute for Transportation and Development Policy’s standards. Automated off-board fare collection is a problem that needs solving. Metro Bus Stations all across Lahore have well-designed signboards that make it possible for customers to navigate through the stations. During peak traffic, a bus leaves the station every two minutes to prevent the vehicles from being overloaded with commuters. Furthermore, for the convenience of passengers, Metro Bus Stations in Lahore include parking areas for cars and trucks, motorcycles, and bicycles. Metro Buses in Lahore run on completely separate lanes with elevated rotaries which are rarely obstructed by city traffic, greatly reducing the time required to go between the two sites in the city.
Lahore Metrobus Route
- Niazi chowk
- Timber market
- Azadi chowk
- Bhatti chowk
- Civil secretariat
- A.O college
- Qartaba chowk
- Shama road
- Canal road
- Qaddafi stadium
- Kalma chowk
- Model town
- Ittefaq hospital
- Qainchi chowk
- Ghazi chowk
- Chungi Amar sindhu
- Atari saroba
- Nishter colony
- Dullu khurd
- Gajju match
The Lahore Metro Bus currently has a collection of even more than 60 buses, each spanning upwards of 18 metres in length. These buses run along a single 27-kilometre route with 27 metro stations, starting at Gajju Matah and ending at Shahdara along Ferozpur Road, Lahore’s main thoroughfare.
How Important Is The Lahore Metrobus System’s Feeder Bus Network For Passengers?
So because the Metro Bus Lahore route is a straight corridor, this is not easily accessible from several neighbourhoods in Lahore, and that is why the Punjab Mass transit Authority (PMA) has created a feeder transport system. The feeder bus routes cover many different parts of Lahore and often intersect, ensuring that passengers of the Lahore Metrobus have such a smooth ride.
Let’s look at all of the feeder bus routes together
Route numbers Route
FR-1 Railway Station to Bhatti Chowk
FR-2 Bhatti Chowk to Samanabad Morr
FR-3 Railway Station to Rana Town
FR-4 R.A. Bazar to Chungi Amar Sidhu
FR-5 Shadbagh Underpass to Bhatti Chowk
FR-6 Babu Sabu to Raj Garh Chowk
FR-7 Bagrian to Chungi Amar Sidhu
FR-8 Canal Road to Daewoo Terminal
FR-9 Railway Station to Sham Nagar
FR-10 Multan Chungi to Qartaba Chowk
FR-11 Babu Sabu to Gulberg Main Market
FR-12 R.A. Bazar to Civil Secretariat
FR-13 Bagrian to Kalma Chowk
FR-14 R.A. Bazar to Purana Kahna
FR-15 R.A. Bazar to Bhatti Chowk
FR-16 Canal Road to Thokar Niaz Baig
FR-17 Gajju Matah to PKLI
Lahore Metrobus Ticketing System and Fares
In Lahore’s Metro Bus System, there are many primarily two ticketing options. These allow you to purchase either token for single rides or a Metrobus Card, which really is a subsidised package of numerous rides purchased for just a set price.
Using Single Ride Tokens: A Step-by-Step Guide
These tokens cost PKR 30 and are good for a single ride. These tokens can be purchased at the metro station’s on-site ticket booth or through an advanced self-service Ticket Vending Machine. To gain access, you must first collect the token and afterwards tap it on the entry point. Make absolutely sure you don’t lose the token since you can only leave the platform when you’ve spent it.
What Is The Procedure For Obtaining A Metrobus Card?
If you’re using the Lahore Metrobus regularly, buying a Metrobus Card is the best option for you just because it eliminates the inconvenience of standing in long lines and purchasing tokens each time you travel. A security deposit of PKR 130 is needed when purchasing a Metrobus Card, which really is refundable whenever the card is returned. When you’ve got your card, you can top it up using PKR 1000 at a Ticket Vending Machine (TVM) or a ticketing booth near you.
Metrobus Cardholders’ Fare Policy
You can get cheaper prices and a special integrated fare policy if you have a Metrobus Card, which allows customers to pay a one-time fee for up to three rides.
Single Trip: PKR 15
Two Trips: PKR 20
Three Trips: PKR 25
Karachi’s Best O Level Schools
Best O Level Schools in Karachi
Every parent wants the best for their children, not just in school but in life as well. Parents seek out the greatest educational institutions their city has to offer in order to achieve this goal. When it comes to superb schools, Karachi, a bustling metropolis, is extremely fortunate. We’ve hand-picked a few of Karachi’s most well-reviewed O Level schools for you to choose from for this blog.
Habib Public School
Karachi High School
Beaconhouse School System
Karachi Grammar School
The City School
St. Joseph’s Convent School
Mama Parsi Girls’ School
Foundation Public School
Happy Home School
St. Patrick’s High School
DA Public School
Bay View Academy
Let’s speak on why these schools are considered among the best in Karachi now that you’ve read through the list.
Top O Level Schools In Karachi
Beaconhouse School System
Les Anges Montessori Academy, which is now part of the Beaconhouse School System, was founded in 1975. This is one of Karachi’s best schools. Malaysia, Belgium, the United Kingdom, and Pakistan are one of the countries which have campuses. In addition to conventional lessons, the school offers courses in 3D graphics, animation, video production, music, and robotics. They additionally encourage kids to acquire foreign languages such as Mandarin, Arabic, French, and German in order to best inform them of new challenges. Students are encouraged to use specialized software to compose their own music, make animations, take digital images, and create unique multimedia photo stories using special software.
Students are also taught how to build robots that react to their directions and assist them in being more creative. Students’ spiritual and cultural aspects are developed via an extensive in-house music curriculum. In DHA Karachi, North Nazimabad, Clifton, PECHS, Gulshan-e-Iqbal, and Gulistan-e-Jauhar, Beaconhouse has a number of places.
Location: ST-5/I, Block-10, Gulshan-e-Iqbal, Karachi (Gulshan Cambridge), A-35 P/1, Block 6, PECHS, Karachi (PECHS College Campus), Frere Town, 2/3 McNeil Road, Clifton, Karachi (Clifton Campus), ST-4/A, Scheme 36, Block-1, Gulistan-e-Jauhar (Gulistan-e-Jauhar Campus), ST-4/A, Scheme 36, Block (Gulistan-e-Jauhar Campus).
O/A Level Education System (Curriculum)
Facilities on campus include a well-equipped library, a sports complex, an auditorium, and separate computer classes.
021-3667-7073 North Nazimabad Cambridge section
021-34819747 Gulshan Cambridge section
021- 34156814 Gulistan-e-Jauhar Campus
021-343800457 PECHS College Campus
021-35678513 Clifton Campus
021- 34156814 Gulistan-e-Jauhar Campus
Karachi Grammar School
Karachi Grammar School is among the city’s oldest institutes for delivering superior education. It’s an English-medium school in Karachi’s Saddar Town. It is a co-educational school with approximately 2,400 students ranging in age from three to nineteen. The school provides a variety of chances for kids to grow and achieve, including arts and crafts, computer lessons, and swimming. There are divisions for elementary, middle, and college students. The Middle School of Karachi Grammar School has operated since 1875.
The Middle School curriculum was established with every demand of children in mind. Students are equipped for O Level courses in Islamiat or Bible studies, as well as Pakistan Studies. This exam preparation enables them to stay ahead of competitors. Different projects are provided to pupils to try to inculcate qualities including teamwork, management, and leadership.
Students who enroll in the College part are ready to face the demands of taking O Level exams. Apart from preparing students for O Level exams, the College Section of KGS encourages them to participate in activities and join several school clubs such as the Helper’s Society, Einstein Society, and Mathematics Society, among many others. KGS is one of Karachi’s top schools owing to its excellent academics and extracurriculars.
Block-5, Clifton, is where the kindergarten and junior sections are located.
The College section is at Block-5, Clifton, and the Middle section is close to Empress Market, Saddar.
O/A Level Education System (Curriculum)
Campus Facilities: A library, a sports area, laboratories, project-based learning rooms, an air-conditioned auditorium, and a lecture hall all are available to people. In the event of a power outage, the campuses are powered by solar panels.
021 35833582 Kindergarten and Junior Section
0 21 32253732 Middle Section
0 21 35821703 College Section
St. Joseph’s Convent School
It is an all-girls school that provides Matriculation and O Level education. St. Joseph’s Convent School is among Karachi’s most prestigious institutions, where students, parents, and professors cooperate to develop an integrated curriculum and educational program that satisfies kids’ intellectual, educational, and social needs. In 1862, Bishop Steins and five nuns lay the foundation for St. Joseph’s School, which began with ten students. St. Joseph’s Convent School’s mission is to have a positive environment where each student can build knowledge and competencies.
St. Joseph’s, one of Karachi’s best O Level schools, stands out by its high educational standards and disciplined environment. St. Joseph’s has an edge over other O Level schools in Karachi for its experienced personnel and old-school yet effective methods of imparting education.
Location: Karachi Cantonment Board, Saddar Town, Karachi
Matric/O Level Education System Curriculum
Single-gender (single-gender) (all-girls)
Campus amenities include a sports complex, a library, and a recreation center.
Contact: 0311 1226149
Mama Parsi Girls’ School
The school’s motto, “Let humility, compassion, faith, and labor light our path,” is at the heart of its success. Mama Parsi Girls’ School’s three founders generously contributed to the construction of this majestic building in the midst of M.A. Jinnah Road. The founding members include the late Khan Bahadur Ardeshir Hormusji Mama, Nowroji Nusserwanji Pochaji, and Seth Edulji Dinshaw.
This is an all-school that works in two shifts in order to satisfy the majority of students. Monday through Thursday, from 07.45 a.m. to 01.15 p.m. From 12.45 p.m. to 05.30 p.m., the evening shift begins. On Fridays, the morning shift begins at 07.45 AM and ends at 12.30 PM, while the evening shift begins at 12.30 PM and finishes at 05.00 PM. Aside from academics, the school organizes sporting events such as an inter-school throw ball tournament as well as other activities. Essay contests, scrabble tournaments, and debate competitions are all commonplace only at institutions.
Location: Preedy Quarters Karachi, M. A. Jinnah Road
Matric/O Level Education System Curriculum
Single-gender (single-gender) (all-girls)
Campus amenities include a library, science labs, and a sports area, as well as morning and afternoon shifts.
Contact: 021 32720224
Happy Home School
Happy Home School, founded in 1949, is one of Karachi’s best schools for children. It started as a Matric school and was sometimes seen by the University of Cambridge inside the United Kingdom in 1987.
In addition to providing high-quality education, the school allows students to participate in extracurricular activities such as debating competitions, quizzes, science projects, and drama and theatre.
Sports are really a priority at Happy Home School, and pupils having won tournaments in badminton, cricket, table tennis, volleyball, and basketball. Education field trips are also organized to provide the students with real-world experiences to complement their traditional classroom. Each campus has a clinic and a medical assistant. There is a well-equipped library.
Aga Khan Board of Education, Matric/O Level Education System
Science laboratories, a sports area, an on-campus clinic, and a library are among the campus amenities.
021 34557603 PECHS campus
021 34557603 O Level campus
021 34557412 Gulshan campus
Foundation Public School
With only 12 students, Foundation Public School was founded in 1981. It now contains elementary, junior high, and senior high schools all around Karachi. Foundation Public Institution is a very well O Level school in Karachi, with campuses in nearly every neighborhood. It has cutting-edge campuses that provide high-quality education and a large global alumni network. Foundation Public School achieves the ideal balance of intellectual achievement and extracurricular activities. The curriculum inside the Senior School division of grades 7 and 8 is centered on our students’ complete development. Students also attend Digital Learning classes in addition to the standard curriculum. When students enter Grade 9, they have a total of 12 topics can choose from, including Biology, Chemistry, Physics, and Math. Students must choose either pre-medical or pre-engineering subjects before starting Grade 10. In grades 10 and 11, students can take the O Level exams.
O/A level Education System Curriculum
Separate sports area, library, multi-purpose rooms, theatre, and digital labs are some of the highlights.
Contact: 0342 2893306 (Foundation Public O Level North Campus)
St. Patrick’s High School
St. Patrick’s High School, one of Karachi’s oldest and greatest institutions, was founded in 1861 with the goal of imparting values to youngsters. It is divided into three sections: primary, secondary, and Cambridge. Students participate in a variety of co-curricular activities in order to receive a good education. Camps for soccer and football, cricket camps, and badminton competitions are also done on a regular basis.
Summer camp is strongly recommended for students. Graduates of St. Patricks develop into well persons. This school has produced a series of well-known individuals. The school also is noted because of its highly qualified and dedicated teachers, who’ve already devoted their lives to grooming young minds and assisting them to become better human beings.
Location: St. Patrick’s High School is a Catholic high school S.J. Shaheed Road, Ahmed Munir, Sardar, Karachi
Curriculum: Matriculation and O-Level Education
Auditorium, baseball and cricket fields, library, and laboratories are just a few of the highlights.
Habib Public School
Muhammad Ali Habib, a banker, and philanthropist established Habib Public School. He was determined to open a school that would provide high-quality education. The school was established in 1959 with four blocks: Ahmed House, Dawood House, Sharif House, and Ghulam Ali House. The school provides children with such a quality education in a structured environment, able to develop into well-rounded individuals.
What is taught in the classroom must also be exhibited on the sports field, according to the school’s administration? Students create a sense of responsibility, sportsmanship, and good conduct as a result of this. Swimming, baseball, sprinting, cricket, football, and volleyball just are a few of the sports that people participate in. For all those who enjoy athletics, Habib Public School is a haven. Many national athletes have emerged from such a school.
Location: M.T. Khan Road, Karachi, Habib Public School, near PIDC Bridge
Education System: Matriculation, Aga Khan Board, and O level
Key Features: library, science labs, sports field, running track, swimming lessons, audio-visual room, ICT room, and gymnasium.
Contact: +92 21 35681434
Karachi High School
Karachi High School has been offering a complete education program since 1985, ranging from the Foundation level to an O:evel and matriculation system of education. Karachi High School has provided educational opportunities to students through a top-notch curriculum and encouraged them to participate in various co-curricular activities over the years.
Karachi High School is among the few institutions offering the Cambridge International Primary Program (CIPP) and Cambridge Lower Secondary Program,” as per their website (CLSP).
From foundation to matric and IGCSE, the school has five stages. Key Stage 1: (Year 1 and Year 2), Key Stage 2: (Year 3 to Year 6), Key Stage 3: (Year 7 to Year 9) and Key Stage 4: (Year 7 to Year 9) are the foundation stages (Year 10 and Year 11). Autumn, Winter, and Summer terms are the three 13-week terms that comprise the academic year.”
An International Schools Educational Olympiad is also managed to hold at Karachi High School, where students gain international experience. Bait Bazi, sports, debates, and a range of many other events are held at Karachi High School for international schools. This is a great time of year for students to learn about different cultures and educational backgrounds from students from all around the world.
3 McIver Rd, Karachi, Pakistan, behind Civil Lines
Curriculum: Matric and O Level Education System
Key Features: The library, auditorium, sports area, swimming pool, and ICT rooms are all well-equipped.
Contact: +92 21 35686339
Da Public School
DA Public Institution is indeed a Karachi-based private O Level school. Students also take place in a range of educational trips to help them become more self-assured and honest Pakistani citizens. Their curriculum is designed to widen students’ knowledge and understanding, harness their creativity and assist them in succeeding in life.
Tennis, badminton, and futsal courts are available on site. Students have succeeded in athletics and also have gone on to explore it professionally.
O Level Education System
Type: Co-educational Curriculum
Sports field, tennis court, library, ICT rooms, and auditorium are all available on campus.
Contact: 021 35251090
Bay View High School
Its O Level campus is located in Karachi’s Cantonment neighborhood, in a 19th-century building. Students have access to a wide range of amenities, including air-conditioned classrooms and sports facilities. The curriculum prepares students for O Level exams while still giving them plenty of opportunities to learn about new technologies and strengthen their skills. Students at Bay View High School participate in sports such as cricket, table tennis, and badminton to help them excel not just in academics and in all facets of life.
Location: 8 French Street, Civil Lines, Karachi
O Level Education System Curriculum
Cricket ground, sports area, tennis court, library, and labs are all available on campus.
The City School
The City School first opened for business in 1978. It is one of Pakistan’s largest private school networks, with locations in all the country’s main cities. The City School, one of Karachi’s premier O Level institutions, develops and educates students for future difficulties through a challenging curriculum. Students are encouraged to participate in a variety of co-curricular activities such as jujitsu, karate, handball, badminton, tennis, cricket, and throw the ball, in addition to receiving a good education.
Location: Falcon Complex, Shaheed-e-Millat Expressway, Karachi
O/A level Education System Curriculum
Facilities on campus include specialized spaces for art, design, and technology work, ICT rooms, a sports area, and libraries.
Contact: 021 34544106
Routes of Speedo Buses in Lahore, Pakistan
Speedo Bus Routes
Lahore, Punjab’s provincial capital, is known all over the world for its distinct culture, vibrant and merry atmosphere, pleasant locals, and delectable cuisine. The ancient city, with its amazing views and historical sites, is a visual feast. Lahore is also noted for its excellent technology. Fortunately, Lahore has one of the country’s top public transit systems. Aside from local buses and taxis, the town has a government-run transport system. Aside from the Metro Bus Service as well as the Orange Line, the city does have a large network of feeder buses, also referred to as Speedo buses.
The Punjab Mass transit Authority (PMA) operates the LMBS, which was established in 2013. In the initial stages of the project, Daewoo Pakistan Express Bus Service Ltd. collaborated with the project to connect nearly 200 buses to the central Metrobus route, spanning 14 planned feeder bus routes. These buses now come simultaneously with regular traffic on predetermined routes, picking up passengers at predetermined bus stops and dropping them off at the nearest Metrobus station, making it much easier than ever before to go about the city quickly.
Daewoo has already been running intercity buses in Pakistan for nearly four years and now controls all 14 Speedo bus lines within Lahore. In Lahore, the following Speedo bus routes are able to operate:
R1, Railway Station to Bhatti Chowk
- Bus Type: Standard Bus
- Route 6 Round Length in Kilometres
- Time Traveled in Minutes: 50
- This route has a total of 13 buses.
- Ek Moria
- Government Hospital Mian Muhammad Nawaz Sharif
- Lahore Junction Railway Station
- Kashmiri Gate (Kashmiri Gate)
- Adda Lari
- Azadi Chowk
- Taxali Chowk
- Bhatti Chowk is a market in Bhatti, Pakistan.
R2, Samanabad Morr to Bhatti Chowk
- Bus Type: Standard Bus
- Route 10 Round Length in Kilometres
- Time Traveled in Minutes: 77
- This route has a total of 15 buses.
- Ganda Nala
- Bhatti Chowk
- Samanabad Morr
- Corporation Chowk
- Taj Company
- Double Sarkan
- Moon Market
R3, Railway Station to Shahdara Lari Adda
- Bus Type: Standard Bus
- Route 8 Round Length in Kilometres
- Time Traveled in Minutes: 65
- This route has a total of 13 buses.
- Lahore Junction Railway Station is a railway station in Lahore, Pakistan.
- Mian Muhammad Nawaz Sharif Hospital
- Kashmiri Gate
- Lari Adda
- Ek Moria
- METRO Cash & Carry
- Niazi Chowk
- Shahdara Metro
- Station Azadi Chowk
- Timber Market
- Lari Adda Shahdara
R4, R.A. Bazar to Chungi Amar Sidhu
- Bus Type: Standard Bus
- Route 8 Round Length in Kilometres
- Time Traveled in Minutes: 62
- This route has a total of 13 buses.
- Nadeem Chowk
- Defence Morr
- Shareef Market
- Ghazi Chowk
- Chungi Amar Sidhu
- Royal Artillery Bazaar
R5, Shadbagh Underpass to Bhatti Chowk
- Bus Type: Standard Bus
- Route 8 Round Length in Kilometres
- Time Traveled in Minutes: 63
- This route has a total of 12 buses.
- Rajput Park
- Madina Chowk
- Shad Bagh Underpass
- Lari Adda Gol Chakar
- Azadi Chowk
- Lohay Wali Pulli
- Badami Bagh
- Bhatti Chowk
- Taxali Chowk
R6, Babu Sabu to Raj Garh Chowk
- Bus Type: Standard Bus
- Route 7 Round Length in Kilometres
- Time Traveled in Minutes: 55
- This route has a total of 10 buses.
- City Bus Stop
- Babu Sabu
- Niazi Adda
- Bhala Stop
- Yateem Khana Chowk
- Samanabad morr
- Government M.A.O. College
- Firdous Cinema
- Riwaz Garden
- Chowk Raj Garh
R7, Bagrian to Chungi Amar Sidhu
- Bus Type: Standard Bus
- Route 9 Round Length in Kilometres
- Time Traveled in Minutes: 68
- This route has a total of 16 buses.
- Pindi Stop
- Depot Chowk
- Minhaj University
- Hamdard Chowk
- Rehmat Eye Hospital
- Phatak Mandi
- Ghazi Chowk
- Amar Sidhu
- Peco Morr
- Kot Lakhpat
- Railway Station
R8, Doctor Hospital to Canal
- Bus Type: Standard Bus
- Route 8 Round Length in Kilometres
- Time Traveled in Minutes: 63
- This route has a total of 12 buses.
- IBA Stop
- Hailey College of Commerce
- Campus Pull
- Barkat Market
- Kalma Chowk
- Gaddafi Stadium
- Lahore Canal
- Doctors Hospital & Medical Centre
- Wafaqi Colony
R9, Railway Station to Sham Nagar
- Bus Type: Standard Bus
- Route 6 Round Length in Kilometres
- Time Traveled in Minutes: 53
- This route has a total of 16 buses.
- Haji Camp
- Shimla Pahari
- Lahore Zoo
- Charing Cross
- Sir Ganga Ram Hospital
- Qartaba Chowk
- Sham Nagar
- Lahore Junction Railway Station
R10, Multan Chungi to Qartaba Chowk
- Bus Type: Standard Bus
- Route 10 Round Length in Kilometres
- Time Traveled in Minutes: 74
- This route has a total of 16 buses.
- Bhekewal Morr
- Wahdat Colony
- Naqsha Stop
- Lahore Canal
- Shama Road
- Qartaba Chowk
- Multan Chungi
- Mustafa Town
- Karim Block Market
- Punjab University Examination Centre
- Bhekewal Morr
R11, Babu Sabu to Main Market Gulberg
- Bus Type: Standard Bus
- Route 12 Round Length in Kilometres
- Time Traveled in Minutes: 88
- This route has a total of 16 buses
- City Bus Stop
- Babu Sabu
- Niazi Adda
- Scheme morr
- Yateem Khana Chowk
- Flat Stop
- Bhekewal Morr
- Shaikh Zayed Medical Complex
- Campus Pull
- Barkat Market
- Dubai Chowk
- Gulberg’s Kalma Chowk,
- Liberty Chowk, Hafeez Centre
- Mini Market,
- Main Market
R12, R.A. Bazar to Civil Secretariat
- Bus Type: Standard Bus
- Route 12 Round Length in Kilometres
- Time Traveled in Minutes: 91
- This route has a total of 16 buses
- Fortress Stadium
- Lahore Gymkhana Club
- Aitchison College
- Pearl Continental Hotel
- Lahore Zoo
- Charing Cross
- Anarkali Bazaar
- Punjab Civil Secretariat
- Royal Artillery Bazaar
- PAF Market
- Girja Chowk
- Afshan Chowk
R13, Bagrian to Kalma Chowk
- Bus Type: Standard Bus
- Route 13 Round Length in Kilometres
- Time Traveled in Minutes: 100
- This route has a total of 16 buses
- University of Management and Technology,
- Ghazi Chowk
- Khokhar Chowk is a market in Khokhar, India.
- Chowk of Akbar
- Stop, Pindi.
- Peco Morr is a fictional character created by Peco Morr
- Mandi Phatak
- Ittefaq Hospital
- Model town
- Kalma chowk
R14, R.A. Bazar to Chungi Amar Sidhu
- Bus Type: Standard Bus
- Route 12 Round Length in Kilometres
- Time Traveled in Minutes: 90
- This route has a total of 16 buses
- Chota Ishara Stop
- Naka Stop
- Ghazi Chowk
- Amar Sidhu
- Royal Artillery Bazaar
- Fauji Foundation
- Ali View Garden
- Bhatta Chowk
- DHA Nursery Lahore
- Electric Supply Company Ltd. (LESCO)
- Chota Ishara Stop
Ranks and Roles of Serving Personnel in Pakistan’s Armed Forces
Pakistan’s Armed Forces are considered as one of the world’s largest and most capable. Pakistan has several military forces, however, the Pakistan Army, Pakistan Navy, and Pakistan Armed Forces are also the three most important. The Pakistan Army’s rank structure is mostly based on British Army ranks, but the rank structure of many other ranks people and insignia differ. Stay together as we go over the ranks in the Pakistan Armed Forces in each of these three divisions in depth below.
In the Pakistani Armed Forces, there are a variety of ranks to choose from
Because the subcontinent’s military forces fought for the British for many years before independence, they get a similar ranking structure to the English troops. As just a result, the army, navy, and air force all have a number of ranking officers who command the enrolled men and assist them towards becoming battle-ready.
Moreover, each rank has its own military emblem, which would be normally placed on the shoulder of the serving personnel’s uniform. The four largest rows of each division represent the highest-ranking positions, ranging from one to four stars. Let’s go through the functions and responsibilities of military ranks one by one, division by division and rank by rank.
Pak Army Ranks List
In the Pakistan Army, a Second Lieutenant is the lowest rank of a commissioned officer. The Second Lieutenant leads the infantry soldiers into battle, issuing instructions to the platoon sergeant, which then communicates them to squad leaders and soldiers. With nearly 30 soldiers under their command, the position is usually kept for 1 to 2 years.
The next level in the Pakistan Army after Second Lieutenant, often referred to as “First Lieutenant,” this officer seems to have more fighting experience and it can only command special units or platoons. As part of an army’s artillery unit, they may also be in control of indirect-fire systems with long-range weapons.
Captains, who are addressed by their ranks, lead a company-sized unit of over 100 troops, sometimes with the help of a Non-Commissioned Officer (NCO). That’s also the highest rank where the officers are expected to personally lead and direct soldiers. They often teach at cadet schools and training centres, put their knowledge and skills to great use.
Rather than serving on the battlefield, majors usually serve as support officers. They may also be in charge of supervising a task force for logistical or practical operations.
Via an experienced NCO assistant, this Pakistan Army post leads a battalion of up to 1,000 men. Officers can also be picked to lead a task force as Executive/Commanding Officer.
Colonels are yet another rank that works as a staff officer, even though they are frequently the link between the battlefield and the office. They may also have the authority to supply important advice to senior officials.
Brigadiers and Brigade Generals often choose between commanding a brigade mostly on the battlefield and commercial processes and missions as just a staff officer.
A Major General commands division-sized forces of 10,000 to 15,000 soldiers, and he or she could also be appointed to a senior staff position throughout the Defence ministry.
A Major General, who may well be appointed to a top management position in the Defence Ministry, leads division-sized troops of about 10,000 to 15,000 soldiers.
Lieutenant Generals seem to have a say in appointing staff in the Ministry of Defence, as they command corps formations of even over 20,000 soldiers.
Ranks of the Pakistan Navy
Let’s move on to the ranks and functions of commanders in the Pakistan Navy as we continue our discussion of Pakistan Armed Forces ranks.
The title of Midshipman is bestowed on a newly commissioned officer in the Pakistan Navy. That’s the phase of training for a recruit for becoming a Naval Officer and is based on the specialities that he or she want to learn.
Sub Lieutenant (s/lt)
Midshipmen are promoted to a Sub Lieutenant rank after about two years of training when they supervise the crew as the first step toward being a Lieutenant.
A naval fleet’s lieutenants guarantee that perhaps the crew onboard is performing their tasks. Lieutenants are often in response to stationing a crewmember on guard to keep a close eye out for enemy attacks, so it’s a profession with a lot of responsibilities.
Lieutenant Commander (lt-cdr)
The Lieutenant Commander seems to be the commanding officer of a tiny boat that has its own small crew. Officers with this rank frequently opt to oversee a specific department inside the Navy.
The Commander is the second in charge behind the Captain for commanding a warship or submarine. Commanders can also work in naval bases on land or for the Defence ministry.
Captains are all in charge of larger ships or occupy top positions in land-based enterprises. The Captain is now in charge of the crew’s as well as the craft’s overall well-being, includes keeping logbooks, solving disciplinary concerns, delegating work duties, rationing food supplies, and much more.
A naval officer can opt to lead a fleet of ships or taking on larger roles in an on-shore station as just a Commodore. They also assist the Rear Admirals as required in their duties.
Rear Admiral (r-adm)
Officers in this post get the authority to fly their own flags and command their own ships in order to protect and assist the squadrons in battle.
Vice Admiral (v-adm)
In addition to aiding the Admiral, the Vice Admiral also can command the ships and fleet if needed. They may also end up in high-ranking government posts.
As the highest naval rank, it grants an officer entire command of a fleet of ships, and also the ability to command a ship that sails on their own flag. If necessary, they can choose to get the Rear Admiral and Vice-Admiral on board their own ship. Throughout the Pakistan Army, this rank equates with that of a General.
Ranks Of The Pakistan Air Force
Now, let’s take a closer look at the Pakistan Air Force’s ranks.
Pilot Officer (plt-off)
Pilot Officer is the first stage in becoming a commissioned officer in the Air Force. On the way to becoming a Flying Officer, this post requires the accomplishment of one tasks.
Flying Officer (flg-off)
Flying Officers may or not be able to fly at this time. Many are aircrew or ground support, while some are in charge of missions via ground bases.
Flight Lieutenant (flt-lt)
Flight Lieutenants are often granted command over even a small unit, usually of specially qualified officers, if they choose to join the aircrew or even the on-ground branches.
Squadron Leader (sqn-ldr)
Squadron Leaders are all in charge of ground-based operations and squadrons at first. They would be assigned the task of supervising a squad in the division of their choice. Based on the Wing Commander’s approval, it may request them to command a small flying squadron.
Wing Commander (wg-cdr)
A Wing Commander, who may very well supervise a Squadron Leader after assigning them a few army forces to manage, is in charge of flying squadrons. Rather than commanding a flying squadron, wing commanders could choose to command an administrative wing.
Group Captain (gp-capt)
A Group Captain’s primary responsibilities include overseeing training institutes and flying bases. They could also be in charge of military aircraft units known as groups.
Air Commodore (air-cdre)
Air Commodores are considered air officers and typically hold senior roles within organisations. They could either command groups or operate upon the on-base ground.
Air Vice-Marshal (avm)
An Air Vice Marshall is in charge of military aviation units or organisations. The Chief of the Air Staff is yet another name for the position that has a wide range of responsibilities.
Air Marshal (am)
Air Marshals are second in command to Air Chief Marshals and serve as the Commander-in-Chief of the Air Force or other prominent posts. Based on their service experience, it may also appoint fighter pilots to this high-ranking role.
Air Chief Marshal (acm)
The Commander-in-Chief of the Air Force is usually the Air Chief Marshal, and that it is the highest level inside the Pakistan Air Force.
PTA Mobile Registration Tax: How to Pay
Do you want to register your smartphone or tablet with PTA?
Do you really want to register your mobile device with the PTA and pay the applicable taxes? If you say honestly, you’ve come to the right place. You’ll learn how and when to pay your PTA mobile registration tax in this post. So basically agree together for a few moments. And first foremost, a little ‘recent history lesson.’ The DIRBS Device Identifier, Registration, and Blocking System were established by the PTA in 2018 to combat all concerns related to the illegal use of mobile devices in the country. PTA began blocking unregistered devices in order to accomplish this. With that stated, if you have a non-compliant mobile device and want to pay the mobile registration tax from comfort and privacy, read the instructions below to learn how to go about it.
In Pakistan, there is a public guide on paying mobile tax
In Pakistan, the public finds the PTA mobile registration tax procedure to be rather tough. Likewise, one of the most important factors is the lack of connection to the internet in rural areas. Likewise, people in metropolitan areas are unfamiliar with the fastest and easiest way to pay the PTA mobile tax. Since allowing mobile franchises to register unregistered mobile phones, the PTA has enabled digital registration easily. As a result, you will discover how to pay FBR the mobile registration tax in this instruction.
How to Pay Mobile Registration Tax
You must check the status of the device with PTA before paying the tax. How do you go about doing something? Just text your IMEI number to 8484 to learn about your device’s status. If your gadget conforms with PTA, you can avoid paying the tax. If you want to learn much more about the mobile registration process, visit our site and watch our article about how to register a phone in PTA.
How to pay online registration tax for PTA mobile?
- Go to https://www.pta.gov.pk first PTA website
- Click on mobile registration online after you enter the PTA home website, at the right corner.
- You see a login screen, click on register and continue producing your account. You can’t even access the login without registration.
- Two options are provided in the registration form:
Create Account on Website DIBRS
- The very first thing can do is to access the Device Identification Registration and Block System (DIRBS) website to paying mobile taxes in Pakistan.
- You must register on the portal once you have accessed the link.
- On the next screen, you’ll see a message. It contains important recommendations, so tread carefully to read it.
- Now, by selecting the drop-down option, you would have to complete two essential fields. Enter your goal. Select either “individual” or “commercial” kind of user. Let’s remember that only organizations and exporters registered to the Federal Revenue Board could use this “commercial” option (FBR).
- You may also have to define the ‘user type’ from the options given after choosing the purpose. There seem to be two options for you: Pakistani local, international, dual domestic) and foreign Travelled on Visa. Should choose the option you need and continue on to the next step.
- Complete the rest of the requested information and click on ‘Submit.’
- Check the link that PTA has given to verify your identity when you connect.
Apply for Certificate of Compliance
- After verifying, enter a registered PTA account using your email and password.
- The next step is to find the option of Individualized Certificate of the Compliance (COC), which will display on the left-hand side of the screen, just under the “Dashboard” alternative.
- You will see multiple options throughout the area after you select “Individual COC.” For the next procedure click on “Application for COC.”
- Find the language that suits you best on whether you’re a local or an overseas traveler. You may have to input your card number in this section but if you’re an overseas traveler.
- As a local mobile subscriber, only Jazz/Warid, Telenor, Ufone, or Zong have to submit your telephone number and operator name.
Providing Your Devices IMEI number
- Identify the suitable option in your mobile device for the number of Sim-Slots. There are one, two, three, and even four slots on certain phones.
- In each of the SIM slots on your phone, you just had to supply its IMEI number.
- The best approach to control the IMEI number(s) of your smartphone is to dial *#06#.
- Payment Identity Generation (PSID)
- That once the IMEI of your mobile device is finished, the system generates a distinct PSID.
- You will utilize this PSID to make this a PTA-compliant device to paying duties and taxes on your phone.
Online payment of PTA mobile tax using mobile payments, ATMs and bank branches
A direct bank actually going PTA mobile registration tax to also be easily paid online. Many popular mobile wallet services also make payments. ATMs and local banks of all major banks also recognized PTA mobile taxes in Pakistan.
If PTA changes in the future, it may update the above list of mobile registration taxes from time to time. Continue to check to keep the current mobile taxation rates in Pakistan up to date. Now how we have discussed the entire PTA mobile registration fee purchasing process in Pakistan, it’s indeed time for anyone to finalize. We trust that this item will give you all the information you might want in this regard. Feel free to email us at blog Feet.pk, if you do have questions or feedback on any of the steps above.
Furthermore, take some time to read our detailed PTA Mobile Registration Guide in Pakistan. It provides you a complete overview of the importance of registering and confirming imports of mobile devices to stop unlawful use. We have also published a comprehensive overview that may interest you from the Pakistan Telecommunications Authority. Stay tuned to feeta Blog, your source of Pakistan’s greatest lifestyle and real estate blogs, for more similar lifestyles and informative property updates. To keep records of all our latest blog pieces, you also can subscribe to our newsletter.
Learn how to digitally track your NADRA CNIC record
Guide to track your NADRA CNIC
The launch of a national Digital Pakistan campaign and the digitization of the National Database Regulatory Authority (NADRA) are obvious indications that the authorities are more focused on introducing tech-driven solutions to help the wider populace. All of NADRA’s records now are digitally trackable and easily accessible, thanks to the implementation of a digitized system. We’ve got you covered if you want to track or verify your NADRA CNIC record digitally. In this instance, we’ve put together a comprehensive guide.
The government of Pakistan is promoting the role of e across the country with the help of trying to cut technologies and solutions. The launch of a national Digital Pakistan campaign and the digitization of the National Database Regulatory Authority (NADRA) are obvious indications that perhaps the authorities are more focused on introducing tech-driven solutions to help the general public. All of NADRA’s records are now digitally trackable and freely available, due to the implementation of a digitized system. We’ve got you beat if you wish to track or verify your NADRA CNIC record digitally. In this case, we’ve put together a comprehensive guide.
How to Track Your Nadra CNIC Record
SMS services are used by the NADRA CNIC tracking system. It’s interoperable with all of Pakistan’s mobile networks. So, if you’re unfamiliar with the procedure, don’t worry; it’s very simple. And here is how to get a hold of your CNIC via SMS.
- To begin, open the text or email window.
- Now, email your desired CNIC number (a 13-digit long number that really is unique) to 8300.
- You will expect an official response on your screen. It will only take a few seconds to conduct a NADRA record check by CNIC number.
- The information you’ll get contains the CNIC’s owner address and also the registered CNIC’s zone data.
- That’s how you may get a hold of your CNIC by SMS.
To use this method, you may not even be able to obtain a name or any other information from NADRA CNIC data in Pakistan. You may have to use the NADRA SMS verification process instead of the NADRA CNIC tracking system to obtain this sort of information. Let’s learn much more about the CNIC verification process.
How to verify Your CNIC Record in Nadra?
The NADRA CNIC Verification Process, like the identification tracking system, operates through SMS. This process is easy to utilize regardless of which mobile phone connection you have now in Pakistan. Now, and here is how to use SMS to verify your CNIC.
⦁ The very first thing you have to do is to open your text message window.
⦁ Now enter the CNIC number that needs to be verified.
⦁ Send text messages to 7000 with your message.
⦁ For the process of nadra cnic requirements to be fulfilled by SMS, you may be billed PKR 10 tax and tip.
⦁ You’ll get the CNIC’s owner’s name and also their father’s name in reply to your mail. This is how you’re using SMS to verify your CNIC.
Many people save energy and time by not needing to access NADRA centers every time they have to track or verify a CNIC in Pakistan because of the SMS tracking system. Let’s discover more about the NADRA CNIC verification process via its e-portal.
How to Use the Nadra CNIC Verification Portal to Verify Your CNIC?
Even the first stage in this direction is to register for the NADRA e-portal. Here are a few basic steps to follow if you don’t know how and where to register for the NADRA online portal.
- Type https://id.nadra.gov.pk/e-id/authenticate into your browser.
- Select ‘Create the New Account’ from the drop-down menu. Fill out such a form-like page with your information.
- Fill in the interpretation of complex as needed. In Pakistan, that’s how you register for the NADRA online system and verify NADRA CNIC Records.
- You’ll receive a Text message with a verification code after you’ve saved all of the information, that you’ll have to submit later in the campaign. This is to confirm your account on NADRA’s e-portal.
- You can simply log in to use NADRA online services when you’ve completed the account registration process.
- These options will appear on the screen after you log in.
- To complete the CNIC verification system, click on ‘Verisys Services.’
- To verify your CNIC, you may want to use online payment options.
- The price of verifying your CNIC online is PKR 300.
- You may have to check a box next to a confession to complete the online CNIC verification process.
- Finally, you’ll obtain information on verifying your selected CNIC’s ownership.
- How to check your fingerprint record online?
- Accessing NADRA’s online verification system to check your fingerprint record is a simple process. That’s how to finish that in just a few simple steps.
- And first foremost, you must go to NADRA’s Pak Identity website.
- Now, scroll to the bottom to the middle of the page, in which you’ll find a site devoted to online fingerprint verification, complete with some missing fields.
- Fill in the blanks, containing your CNIC number as well as the date it was issued. Complete the form by correctly entering the distinctive CAPTCHA code that appears just before the “Check Fingerprints” button.
- The system will check not whether you have a fingerprint record.
If indeed the record does not exist, you may have to update your fingerprint record at your local NADRA office. The below is a comprehensive list of NADRA offices in Lahore and Karachi. We’ve reached the end of our guide on how to track your NADRA CNIC record online. We hope this will make the process go more easily for you. Please email us at blog email@example.com if you’ve any other information in this area. You are also free to discuss any questions on the above procedures. We’ll do everything that we can to respond to your emails as quickly and efficiently as possible.
Pakistan Best AC Inverter | Pakistan Inverter AC Prices
AC Inverter guide
The increase in electricity prices is inevitable, with temperatures hovering around 45°C and in Summer in cities of Pakistan. Because of the higher knowledge of its cost-related benefits, Inverter ACs have doubled in recent times. Factors such as energy efficiency, durability, new features such as different modes, Wi-Fi control, and a clean energy factor decide the best AC inverter. People who often purchase DC inverter end up buying conventional ACs since the standard ACs are cheaper whenever they see a change in the level. However, one must be able to make a wise decision based on several variables, based on differences between DC converters and conventional ACs.
What is a DC inverter and why should you choose it?
The DC-based Inverter method uses state-of-the-art technology to manage compressor acceleration. The system takes the indoor environment in a regular AC and cools it through the evaporator, by moving airflow and then back in the room. This requires the compressor to work with complete electricity continually. On either hand, the DC inverter keeps your compressors continually on and operates with lower power. The compressor consumes additional electricity from renewable energy sources only when the room temperature drops far below a specified level. DC inverters save and over 40-50 percent of electricity use by utilizing only partial compressor abilities and result in lower bills.
One important piece of advice for inverter buyers would be that inverters actually save electricity for extended durations. The DC Inverters operate more efficiently for consumers with long-hour use of air conditioners rather than shutting it off and using ordinary ACs.
⦁ Inverter AC vs Normal AC
⦁ Why Should You Buy an Inverter AC?
⦁ Choosing the Right Inverter AC
⦁ Inverter AC Price in Pakistan
⦁ Best 1 Ton Inverter AC in Pakistan
⦁ Best 1.5 Ton Inverter AC in Pakistan
⦁ Best 2 Ton Inverter AC in Pakistan
Inverter AC vs Normal AC
The major difference is its compressor’s efficiency with an inverter and non-inverter AC. There are two methods ON then Off. The compressor is a non-inverter air conditioner. It runs at the appropriate ambient temperature at a fixed speed and then shuts down. As long as the sun increases and the room warms up, it starts back and begins running at a fixed rate.
The compressor runs at the varying frequency in inverter ACs, on either hand. This implies that the compressor keeps working at a lower altitude instead of closing down after achieving the desired room temperature. When the temperature of the air rises even to one degree, it increases the pumping speed to cool the space.
Furthermore, those using inverter technology are more energy-efficient compared to the standard ACs. In conventional AC motors, considerable quantities of electricity is needed to restart while inverter ACs, the compressor reduces power usage by regulating the freezing process as necessary. This affects the electricity bill considerably.
Why Should You Buy an Inverter AC?
A few of the key reasons for contemplating acquiring an AC inverter for your household seem to be. In reality, inverter electrical systems are considerably energy-efficient as they automate the temperature distribution and adjust the energy usage if necessary. But on the other hand, compressors work fixedly with non-inverter ACs. The energy consumption is considerable because it only functions with full power and without electricity. Moreover, in normal ACs the compressor motor requires considerable energy for restarting.
⦁ Inverter air conditioners have a better compressor efficiency than conventional
⦁ Inverter CAs are substantially more energy-efficient, lowering your energy expenses
⦁ Inverter AC external units are relatively less noisy
⦁ Inverter ACs use environmentally safe coolants and making them an ecologically good option.
As inverters AC costs in Pakistan are slightly higher than the costs of a standard unit, there are many obviously numerous consumers who’ve been moving to the better alternative. However, you must be considered as a onetime investment in buying an AC inverter for your home since installing it would assist you to save long-term money on bills.
Choosing the Right Inverter AC
If you buy an AC inverter for your home, it is much more important than you can see to choose the proper capacity or tonnage. Now air conditioning tonnage has nothing to with the weight contrary to the popular perception. The name ‘tone’ could be used instead to show how so much heat can be removed in one hour via an air conditioner from the room. In contrast, if the air conditioner of an inverter does have a smaller capacity than is needed, if it is operated for a long time this could consume more electricity. The cause would be that the compressor is forced to working extra hours at greater speeds.
You must consider its size while buying an AC for your room. It is a simple breakdown to help you understand things a little bit easier.
If you live in an area where temperature increases beyond 40°C each summer, you might just want to add an additional 0.5 tonne. Not only would it cost you to buy a larger ability AC inverter, but this will also cost you more upfront. Similarly, the compressor wants to concentrate more to keep space cool if you put a 1 tonne AC throughout the big room, resulting in increased charges at the end of this month. That now we know the connection between room capacity and size, take a check at the inverter AC market in Nigeria in 2021.
Did you know that certain air conditioners’ exterior components make a lot of noise whilst the others don’t? Relative to inverter air conditioners, outside units of the non-inverter air conditioning units make so much more noise. The reason is very simple: the compressor engine reticular activating and disappears in normal ACs, whereas the motor in inverter AC is working at different speeds and produces little noise.
Inverter AC Price in Pakistan
In air conditioning units, because of their use of state-of-the-art technology, like energy-efficiency compressors and sophisticated equipment, the ACs used in inverters are relatively more costly than normal. It is a significant difference from a regular AC inverter. v even if these are more expensive, an AC inverter can reduce your electricity use and your electricity bill, which makes it a long-term investment. It also is crucial to note that while typical ACs are somewhat cheaper, the total wear and tear caused by compressor engine shut-off and turn-off at quick intervals implies that they will have greater maintenance costs.
This is Pakistan‘s AC inverter price for 2021
In order to buy air conditioners, inverter ACs, due to the use of modern technology, like power efficient compressors and advanced sensors, are relatively more expensive than typical. It is a fundamental difference between AC and conventional AC inverters. But they’re more expensive, inverter ACs can cut your electricity use and your power bills and make this such an investment so over the long term.
Kenwood Inverter AC – 1 Ton ———————————–Starts from PKR 66,000
Gree Inverter AC – 1 Ton ———————————–Starts from PKR 69,500
Haier Inverter AC – 1 Ton ———————————–Starts from PKR 61,000
Dawlance Inverter AC – 1 Ton———————————–Starts from PKR 64,500
Pel Inverter AC – 1 Ton ———————————–Starts from PKR 62,000
Orient Inverter AC – 1 Ton ———————————–Start from PKR 65,000
Most popular 1.5 ton inverter ac Pakistan
Take a peek at Pakistan’s best 1.5-ton inverter air conditioners
Kenwood Inverter AC – 1.5 Ton ———————————-Starts from PKR 81,000
Samsung Inverter AC – 1.5 Ton ———————————-Starts from PKR 1.2 lakh
Dawlance Inverter AC – 1.5 Ton———————————-Starts from PKR 80,000
Gree Inverter AC – 1.5 Ton ———————————-Starts from PKR 91,000
Pel Inverter AC – 1.5 Ton ———————————-Starts from PKR 80,000
Haier Inverter AC – 1.5 Ton ———————————-Starts from PKR 80,000
Orient Inverter AC – 1.5 Ton ———————————-Starts from PKR 84,000
Most popular 2-ton inverter ac Pakistan
If you intend to buy the best AC inverter for your residence in Pakistan, how much should a 2-ton system cost?
Kenwood Inverter AC – 2 Ton ————————————Starts from PKR 1.1 lakh
Samsung Inverter AC – 2 Ton ————————————Starts from PKR 1.48 lakh
Dawlance Inverter AC – 2 Ton————————————Starts from PKR 1.2 lakh
Gree Inverter AC – 2 Ton ————————————Starts from PKR 1.25 lakh
Pel Inverter AC – 2 Ton ————————————Starts from PKR 1.1 lakh
Haier Inverter AC – 2 Ton ————————————Starts from PKR 1.09 lakh
Orient Inverter AC – 2 Ton ————————————Starts from PKR 1.1 lakh
Impact on the environment
Their relative impact on the environment is a major difference from the inverter AC to a non-inverter AC. All air conditioning units employ coolants as a substance that changes from gaseous to liquid to cool and lower the heat to the level required. Most non-inverter air-conditioners use R-22 refrigerant, which contains an ozone-hazardous chemical compound called hydro-chlorofluorocarbon (HCFC). It is less inexpensive and so widely used.
As reciprocal ACs generally employ next-generation coolants like R-410 A or R-32, inverters are fairly environmentally benign. These refrigerants are more energy-efficient than just eco-sustainable. If you work in an environment in which the air conditioner needs to be used for a few months at the most, it’d be nice to install a regular split air conditioner. But investing in an inverter AC unit could be a clever choice if you reside inside a warmer city like Karachi, which can spend up to 7 months a year in summer. In fact, according to experts, buying it with inverter technology would be preferable for your monthly electric bills if the AC has to work more than 5 hours every day. But putting a normal CA would be good if you had to use it for only about 3 to 4 hours every day for just a few other months.
Lahoris are ready for apartment living – if only the real estate agents would let them do it
In a speech to parliament in 2016, current prime minister and then opposition member Imran Khan defended his possession of an apartment in London. This was the height of the Panamanian newspapers, and discussed were the different apartments and flats that then had or did not own Prime Minister Nawaz Sharif. During the speech, Imran Khan mentioned an anecdote in which, when he bought his own London apartment in the 1990s, he told Mian Nawaz about it at a social gathering. Curious about this, Mian Nawaz asked what a marquee was, and Khan diligently explained that it was the top floor of a building. To this, Mian Nawaz quite seriously asked what Imran Khan would do if a tornado occurred and the upper apartment was blown up in it.
The little story got bipartisan laughter from the house, but what it also did was say something about the Lahori obsession with land ownership, and the resulting reluctance to housing and vertical growth. Karachi is still the largest city in Pakistan, but by some means, the larger metropolitan area of Lahore can now be almost equal in size, if not already a bit larger. However, for most of its history, the residents of Lahore have avoided the notion of vertical expansion of the size of their city, making it difficult to find housing in the city.
This was largely attributed to the “Punjabi mindset” of wanting to own the land under your feet. And while that has been a seemingly reasonable cultural explanation for a long time, another explanation is that so far Lahoris has probably never needed to depend on housing. With a smaller population and no need for mass labor, Lahore was a metropolis that mostly kept in its residential areas either cramped but flat enclaves or large suburban living conditions in its more posh places. But as the city expands rapidly, Lahoris will have to get used to housing.
However, in recent years there has been a movement towards this, and several real estate developers are investing in the construction of residential houses in the city. And indeed, some of them have become quite advanced: it is now possible to buy a $ 1 million apartment in Lahore, at least as much as listed prices on Feeta.pk. And although all of this sounds very promising, there are major setbacks due to how the regulation of apartment buildings in Lahore works.
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.
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 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 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, 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, parks, all add value to the properties in the vicinity.
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, 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 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 for future property issues.
The most famous Dams in Pakistan
Dams are mostly built across flowing waterways to regulate flood control, produce hydroelectricity, and absorb food, and power from the locals. Most barrages lead to the establishment of silent lakes with some 150 dams in Pakistan, much of which in Punjab and Khyber Pakhtunkhwa, where the Indus River and streams run all throughout mountains south to the Arabian Sea. So there is no shortage of barrages.
Dams highlight potential lakes, which have become popular recreational locations for residents, with several parents having picnics by the lake and engaging in water sports mostly on the lake’s surface. Today, we’ll look for some of the most well-known dams that were erected in Pakistan so over years, and also the recreational opportunities they can provide residents.
Here is a list of famous dams in Pakistan
The construction of the Tarbela Dam began in 1968 but was finished in 1976. Tarbela Dam is among Pakistan’s largest dams. And also has the distinction of becoming the largest global earth-filled dam. With such a height of 143.26 meters and a length of 2,743.2 meters, it built this amazing dam on the Indus River. The dam has a storage capacity of 13.69 cubic kilometers.
The dam was built mainly for the reasons of producing hydroelectricity and irrigation. For energy production, the Tarbela Dam has a capacity of 4888 Megawatts. This is Pakistan’s largest hydroelectric dam, producing about 70% of the total electricity generation. One of Pakistan’s largest hydroelectric dams is the Tarbela Dam. Islamabad, Pakistan’s capital, is only a two-hour drive from Tarbela Dam. Tarbela Dam is among Pakistan’s best-known dams, and locals consider it to be the best picnic spot in the country. Swimming, boating, and fishing also are activities all that engage in.
Mangla Dam is currently the second dam. It is in Azad Jammu and Kashmir’s Mirpur District. The Mangla Dam project began in 1961 and was finished in 1967. It is indeed far more than a supply of energy. This one has a significant part in the Indus Waters Basement Treaty, a bilateral arrangement between Pakistan and India. With such a height of 147 meters and a length of 3140 meters, the bridge was built on the Jhelum River. This has a 7.39 million acre-foot water holding capacity (M.A.F).
This dam was initially constructed to pump energy, but then it was later upgraded to provide hydropower electricity. It has an electricity generation capacity of 1,150 megawatts. Mangla Structure was constructed on Mangla Lake, which is about a 2-hour drive from Islamabad and a 4-hour drive from Lahore. Mangla Dam is among the most popular picnic spots within the area. Fishing, swimming, rowing, boating, and jet skiing are some activities it participates in. Mangla Dam is considered one of Pakistan’s largest hydroelectric dams.
Mirani Dam is located in Balochistan, upon on Dasht River, toward the south of the Central Makran Range. The development of the Mirani Dam began in 2002 and was finished in July 2006. The dam was built to give water to the cities of Gwadar port and Turbat. It has a height of 127 feet and a length of 3,080 feet. It has a water storage capacity of 302,000 acre-feet. Mirani Dam is one of Balochistan’s largest dams. In Balochistan, there are nearly 29 dams, however, Mirani Dam is among the most well-known.
Warsak Dam, a water reservoir constructed on the Kabul River, may well be reached by driving 20 kilometers beyond Peshawar. The structure was constructed in 2 stages, one of which was completed in 1960 and the second of which was completed in the 1980s, with additional electricity-generating abilities. This boosts the dam’s total size by about 240 megawatts, with intentions to expand it to 525 megawatts in the future. Locals visit the spot for boating and fishing excursions, and there is a motel on-site for overnight stays. However, you first must get authorization from WAPDA before visiting the region.
Hub Dam is 56 kilometers from Karachi and sits on the Sindh-Balochistan boundary. It is established just on Hub River, which would be a major source of drinking water in Karachi. The development of the hub dam initiated in 1963 and lasted nearly 20 years to finish. The project was built in 1981, and the government released this to the public. The dam was created for water irrigation and also has a storage capacity of 857000 acre-ft (0.847742 km3). At a cost of Rs 1191.806 million, this was the first dam constructed.
Namal Dam is near Rikhi, a village throughout the Namal Valley, 32 kilometers from Mianwali in Pakistan’s Punjab. The British government has developed Namal Lake, with a surface of 5.5 km2, in 1913. We can see the view of beautiful mountains from the dam’s southern and western sides. The city’s agricultural areas lie mostly on east and north edges.
The dam’s primary purpose was to supply irrigation for the region’s farmlands, but it is also a favorite vacation destination for locals. Birdwatchers flock to the area because the migratory birds and boaters explore options here too. Namal Lake is among four tourist destinations in Punjab that’ve been chosen for future development, attracting more residents and visitors.
Since 1962, the Rawal Dam, one of Pakistan’s water reservoirs, provides supplied water to the twin cities of Islamabad and Rawalpindi. It collects water from the Margalla Hills’ Mastering River and other small streams. The Rawal Lake, including the Margalla Hills, is just a popular tourist destination, having a lovely park lake with lush trees, walkways, and picnic areas. The park’s tallest mountain provides a stunning view of Rawal Lake, the Margalla Hills, and also the dual cities. Diving, sailing, boating, swimming, and water skating just are a few of the things that specialized tours can organize. The Islamabad Club, which really is close by, offers a wide range of water sports activities on the lake regularly. Many species of birds, animals, and reptiles call this region home, and birdwatchers visit frequently Rawal Dam to see native birds. The lake is also a great place to go fishing, with roughly 15 distinct species in its waters.
Gomal Zam Dam
The Gomal Zam Dam is in Pakistan’s Khyber Pakhtunkhwa, inside the South Waziristan Tribal District. The Gomal River, a branch of the Indus River, is dammed at Khajuri Kach, rendering it one of Pakistan’s greatest strategically significant dams. We constructed the dam for irrigation, power generation, and food production. Construction began in 2001 but was completed in 2011. With a storage capability of 1,140,000 acre-feet, Gomal zam is among Pakistan’s top power stations (1.41 km3).
Having two x 8.7 turbines, a height of 437 feet (133 meters), and just a length of 758 feet (231 meters), Gomal Dam is among the most famous six tourist destinations. That’s a 0.5-kilometer-long roller-compacted concrete hydroelectric dam. Locals come to the dam for fishing and picnics alongside their groups. When it comes to considering Pakistan’s hydroelectric dams, the Gomal zam dam is by far the most powerful, providing 17.4 units of power.
Khanpur Dam is in Pakistan’s Khyber Pakhtunkhwa, in the Haripur district. It was developed on the Haro River in 1983 to regulate the river flow. The dam created Khanpur Lake, which supplies drinking water to Islamabad, Pakistan’s capital, and Rawalpindi. Including its lovely blue water beaches, Khanpur Lake attracts all tourists and locals. The fact that this really provides irrigation to Attock, Rawalpindi, Lahore, and Haripur makes this one of Pakistan’s best-known dams. This dam cost Rs. 1,385.10 million to build and took 15 years to complete. Khanpur is indeed a rock-fill dam that is 51 meters high (167 ft). Boating, zip-lining, glamping, hiking, fishing, cliff jumping, waterskiing, and kayaking were all important attractions at this dam.
Neelum Jhelum Dam
The Neelum–Jhelum Dam was completed primarily and provide hydropower to Azad Jammu and Kashmir. Water from the Neelum River was diverted to a power grid on the Jhelum River, culminating in this yet another dam that collects water from one river and discharges it into the other. The dam, which has a capacity of 970 megawatts, started building in 2008 and also was officially opened in 2018. Few people have seen the dam’s reservoir as it is still relatively new, but tourism is expected to increase continue in the early years.
USAID is supporting the development of the Satpara Dam, a multipurpose water and power facility on the outskirts of Skardu City in Gilgit-Baltistan, close to the Chinese and Indian borders. The dam, powerhouse teams 1 and 2, as well as the development of powerhouses 3 and 4 and mainly two preparing the budget drainage systems, are all funded by USAID. The Satpara Dam is projected to provide 17.6 megawatts of power-generating ability to a local power grid, enough just to power around 40,000 households. The dams will also help prevent flooding in the area, store water for irrigation, as well as provide 3.1 million gallons of water per day for domestic use.
Although this dam on its own, and also the realization that storage level has been increased by 2.5 meters to 106 meters since about Friday from 103.5 meters, is favorable for the province’s water-stressed farm workers, the water the reservoir stores only at moment could be of immediate benefit to farmers so because irrigation department has still yet to develop the dam’s sufficient mass. It means that farmers who depend on rainwater to irrigate their land will have to wait a bit longer. Whenever the irrigation ministry assumes control of the dam, it plans to develop the command area by laying watercourses on property that the Sindh government intends to distribute to landowners.
The Sabakzai Dam, lying in Balochistan’s southern district, directs the amount of the Zhob River. The structure was constructed during 2004 and 2007, helping in the watering of local lands and providing a much-needed relaxation area for the community.
So now you have it: the top 13 dams in Pakistan which provide water for irrigation, hydropower, and food. In fact, it has played an important role in promoting tourism in Pakistan. We’ve already provided you basic significant knowledge on dams, like the fact that Pakistan has 150 total dams. Dams are needed for water storage and electricity generation, as experts predict there will be a global water scarcity by 2025. Pakistan is also an agricultural country, and in this difficult era, we need resources to grow. We hope you will find this information to be interesting. Visit Feeta.pk for more interesting information.
Lithuania And Poland Built A ‘Portal’ Connecting Two Of Their Cities And People Are Loving It
Society is evolving and we have gone a long way from slavery and women not being able to vote. But we still have room for improvement: stop discriminating against different people, accepting people who think, dress, speak differently than we do.
Separation between people is a problem as old as the world, but it needs modern solutions. The internet is now everywhere in a “portal” open in two European cities, Vilnius and Lublin, which was built just to shorten the distance between us and them. Not only is the meaning behind this project amazing, but it also looks so cool and futuristic.
The city of Vilnius in Lithuania and the city of Lublin in Poland are now linked by a portal in which they can see each other.
The portal has a circular shape that symbolizes the wheel of time, and in science fiction, it represents space and time that link back to the circle as a portal. This virtual bridge between the capital of Lithuania, Vilnius, and one of the oldest Polish cities, Lublin, is the first of its kind. In Vilnius, the portal can be found next to Vilnius railway station. Meanwhile, in Lublin, he resides on Plac Litewski.
These 2 cities have a historical connection, as the Lublin Union was signed on 1 July 1569 between Poland and Lithuania in that same city. This union created a single state, the Polish-Lithuanian Commonwealth, one of the largest countries in Europe at the time. Bored Panda contacted the PORTAL team and asked if this was planned. Apparently, it was an unexpected coincidence. They contacted various cities abroad that would collaborate for this project and the circumstances lead to that city being Lublin. It is truly symbolic that these two cities are spreading the message behind the project, which must be unified and not separated.
This circle with a screen that looks like a portal to another dimension actually allows you to see people in the other city and wave at them
The ‘portals’ both have screens and cameras to broadcast the other city live. The view you see on the screen is similar to what astronauts see looking at the world below.
It’s called a “surveillance effect” and astronauts experience it when they see Earth in space, so little, so delicately in this big world.
Hazzaa Ali Almansoori, the first person from the United Arab Emirates in space, said “It’s amazing how space brings everyone together. No matter what country you come from, no matter what your religion or background, it unites everyone … Our goal is one: it is for humanity. ”
The portal is now silent as it would be technically difficult to have a sound 24/7, however, it is possible and for special events, it will be done.
Despite this, the creators of the project believe that people will find a way to communicate. They’ve noticed people waving, sending kisses or doing push-ups, so they’re still involved.
The team told us that “it seems that with physical measures like the PORTAL the internal psychological barriers disappear and people enthusiastically participate in the activity in front of the portal and are friendly to each other. Most of them do not need encouragement and access the portal with curiosity or maybe they just crave a human relationship during this pandemic. ”They think that starting a conversation with complete strangers only on the street would present difficulties and it seems that the portal makes people more relaxed.
The message behind the PORTAL project is to make people forget about the separation between us and them and just see our planet united
The main goal of the project is to connect people. On the official website, they say “Surrounding ourselves only with those who are close and speak the same language gives us comfort and a sense of stability. It also limits the worldview to our narrow inner circle. Slowly it becomes a perfect space for awakening insecurities to outsiders and a perfect excuse to be careless about the world that belongs to them. Every day there is less room for dialogue, empathy and compassion to feel and be united in our home – a tiny spaceship Earth rapidly decaying because of too many of them and too few of us. It’s so easy to believe we’re all a wave and forget we’re an ocean too. Let’s transcend this sense of separation and be pioneers of unity. ”
It almost seems like we welcome aliens to Earth, but sometimes we treat humans as if they’re not from this planet and don’t deserve to be here. The person behind the idea, Benedict Gylys, says many of the potentially deadly challenges humanity faces, such as polarization and climate change, have been caused by a lack of understanding of others and of the world at large. So the PORTER must unite people and it is an invitation to rise above the illusion of division that we ourselves have created.
This cool idea was shared on Reddit and the post received 140k likes in less than 24 hours
Although it is not a portal that we see in movies or read in books, it is nevertheless the closest to teleportation and it is so cool that you can only communicate with random people on the street who are hundreds of miles away.
It caught the attention of Redditors like the post about it got 140k votes in less than a day. People joked about Stargate and that if you go through it, you will end up in Poland. It seems that people liked this idea, but others shared that something similar happened where they live, but it didn’t last long as people started abusing the portal.
The project had its challenges, “First, it was a challenge to draft a project for the PORTFOLIO, which is minimal and simple, but able to fit all the complex electronics inside and prevent vandalism and negative environmental impact.” Then the project had to be carried out and after many tests, it was chosen to use “concrete, stainless steel and tempered glass to build these 11 tons wide two meters by two meters.”
It all came true because the people at Vilnius Gediminas Technical University Creative and Innovation Center “LinkMenų manufactures” were crazy enough to believe in the idea and were able to realize it.
The brain behind the project is Benedict Gylys and it took 5 years to realize the idea
The project was completed during a pandemic, when travel within the borders may have restrictions, so travel to other countries is hardly disputed. The creators of Vilnius Technique have been working on the portal for 5 years and now was the best time to introduce it publicly when everyone is so isolated and eager to taste something new a bit.
There are plans to open more of these portals in various cities in the world and connect even more people
The portal between Vilnius and Lublin was the first in the world, but it will not be the last. The creators of the project hope to connect dozens of cities around the world and two new ones are expected to open soon: one in Reykjavik, Iceland and another in London, United Kingdom.
The team revealed that Reykjavik was chosen because of the very important historical story that links it to Lithuania: Iceland was the first to recognize Lithuania’s independence in 1991 and Lithuanians appreciate it and want to continue the partnership between the countries. Also, because Reykjavik contrasts perfectly with Vilnius.
London is important to them as they begin a friendship with another international initiative.
Image credits: Benedict Gylys Foundation
Now Vilnius is linked to Lublin and will last until August. Then it will move to another city. The project creators think that maybe in the future the portals will change cities every 10 minutes more or less because they are open to anyone who would like to join.
Although the cities will have a limited connection time, the project has no time limit, “the project will continue until the destruction of the planet or the end of the problems that cause the separation between people.”
What do you think of this idea? Would you like to see such a ‘portal’ in your city? Let us know your thoughts on this project in the comments.
More than 2k people shared their reactions to this “portal” on Reddit and most of them thought it was a cool idea.
Bank Al Habib buys Centrepoint from TPL Properties for nearly $50 million
On May 17, TPL Properties and Bank Al Habib said they had successfully completed the sale and transaction of the TPL’s main “Centrepoint” project, which is located on the Shaheed-e-Millat highway near KPT Road, Karachi. the creation – it is a consequence of the earlier notice the company sent to PSX on August 20, 2020, in which Bank Al Habib said it had decided to buy the building.
TPL Properties is the property arm of TPL Corp Ltd., a technology conglomerate that today focuses on automotive, fire, life and health insurance, real estate development and security services. TPL Properties Limited was incorporated in Pakistan as a private limited company in February 2007. Later in 2016, the company changed its status from a private limited company to a public limited company.
Center point incidentally is, quite literally, the center of TPL’s ambitions. This is one of the biggest developments in the real estate sector of Pakistan. Some facts about the building: the 28-story Centrepoint, 385 feet high, and was built on 26,226 square feet of land. It has 197,810 square feet of rentable space, with offices on 17 floors (from the 11th floor to the 24th, and the 26th and 27th floors).
The building is considered a major TPL property project and was built accordingly, with facilities such as a built-in IT infrastructure, international safety and fire safety standards, nine floors of dedicated parking, and an internal independent power generation unit. The high, which according to TPL was intended for a “luxury company”, also has a health club, a swimming pool and a café.
Here’s the problem: the company managed to share information with the cafeteria, not the actual valuation and sale price.
5 popular historical places in Multan
Multan is Pakistan’s seventh-largest city, famous for its historic location and beautiful architecture. Due to the abundance of cemeteries in the town, Multan is also known by the masses as the “City of Saints”.
Some historians suggest that the Multan was about 2000 years old and was the center of mysterious activity. This fact makes the city much more enjoyable.
If you are interested in exploring Pakistan’s various architectural designs and have historical tips, Multan is for you. Make sure to hire the right architect to ensure sound construction and design.
This blog provides a concise and informative list of places to visit in Multan.
So sit down and enjoy a virtual tour of Multan.
Tomb of Shah Rukn e Alam
The Tomb of Shah Rukn e Alam, also known as Shah Rukn-e-Alam, is one of Multan’s most famous Sufi saints. He was a Sufi who belonged to the Sufrawardi Sufi sect.
Every year, the sanctuary is visited by more than 100,000 pilgrims from around the world.
Former Foreign Minister Shah Mehmood Qureshi is the current servant of the Nashin Carpet and Shrine.
The tomb is in the center of Multan. It was built between 1320 and 1324 AD. Historians show that the cemetery was constructed by Gassedin Toorak, the ruler of Debarpur.
In the 1970s, the cemetery was restored by the Waqf department. The tomb was restored by Kashigar in Multan. The historic brown building, adorned with blue stones, is an example of ancient Mughal architecture.
Fort of Multan
Fort of Multan is an ancient landmark of South Asian defence and architecture. Some historians suggest that the castle was built between 800 and 1000 BC. The court was created by the Catouch dynasty but was severely destroyed by the British Empire during colonial rule.
The vast fort is a work of art. It has a vast wall 40-70 feet (21 meters) high and a circumference of 6,800 feet (2 km). The fort’s 46 fortresses had two towers on either side of each of the four gates.
Inside the fort are 30 towers, mosques, Hindu temples and palaces. The fort had eight gates, but over time four doors deteriorated, and the fort has only four entries.
- Qasim Gate
- Khatri Gate
- Sikhi Gate
- Hariri Gate
Ghanta Ghar, Multan
The famous Multan Clock Tower, also known as Ghanta Ghar, Multan is one of Multan’s main tourist attractions. It was built around 1884. British Indian Empire era. Construction of Ghanta Ghar’s construction began in February 1884 and took four years to build.
Interestingly, the foundation of Ghanta Ghar is based on the Haveli ruins of Ahmad Khan Sazai, which was destroyed during the siege of the Multan.
It used to be called Lipon Hall and Building, but it was called “Wing Hall” after independence. At first, the building was used for the purpose of office meetings and cultural programs.
If you want to see the hustle and bustle of the city, you need to visit Ghanta Ghar, Multan. Around Ghanta Ghar, there are small local shops selling traditional Murtani products such as Azirak and clay pottery.
Bibi Pak Daman Mausoleum
Bibi Pak Daman Mausoleum, well known as Bibi Rasti, was the mother of the famous Rukn E Alam. He is also a student of Bahaudin Zachariah and has done a lot of work to revive Islam in Multan.
She was buried near an ancient temple in Maitutra. The tomb has a rectangular shape and is heavily decorated with blue and white stones, which is Multan’s unique architectural style.
The eastern façade is decorated with a set of three arches above the double columns, providing access to a deep portico entrance with several tombs.
The tomb is in the middle of a thick fence on the wall. The tomb also has an arched entrance door.
Many people from Multan and the surrounding area come to pay tribute to the tomb.
Multan Arts Council
If you are an art lover and want to learn arts and crafts in different colors in Multan, then you must visit Multan Arts Council. The centre was established in 1975 and established in accordance with the legal provisions of the Punjab Arts Council (PUCAR) Lahore.
The centre is built on a large lot and consists of a room, an art gallery, a platform and a garden.
The council regularly holds art and performing arts exhibitions. The Majlis also organizes puppet shows, painting exhibitions, sculptures and other activities for the people of Multan and its surroundings.
Key events taking place at the Majlis include the 1st Sufism Festival, the Sadie Quarry Shezard Sculpture Exhibition, International Women’s Day 2009, the Japanese Calendar, Mela Rock, and Artistic Letters.
Every day, many pilgrims visit her shrine to pray from all over the country. These are some of the places worth visiting in Multan. If you want to see the true colors of Multan, you have to visit these places.
In the meantime, please read this blog.
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 tight rope, 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 for 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.
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.).
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?
Impact of COVID-19 on the real estate industry of Pakistan
The COVID-19 pandemic is currently a truly global phenomenon, with more than 100 million people across the world staying home or trying to do so if their way of life allows them. The short-term human and economic impact have been undeniable since people who can wait to work at home have closed their offices, shops and production positions have also closed.
The level of economic uncertainty can be said to be at its highest point, with the trajectory of the recovery challenging to forecast. Although there has not been a joint response at the global level, individual countries are taking the necessary measures to cope with these challenging times.
Before the virus shook the world, the real estate sector in Pakistan had forecasted a significant growth of 4% during 2020; however, this forecast will be delayed.
In real estate, we can see that the contingency is accelerating some trends, while others may eventually reverse. At the digital level, the search for properties has decreased by 40% in the most critical portals around the world; however, in Pakistan, the drop has only been 34% from January to March, and in April, we see that it begins to stabilize.
Digital portals have become the primary sales channel and the first point of contact when a person is looking for a property for sale or rent. Although the purchase decision is being postponed for the moment, it is essential to note that it is not is stopping.
Although the number of searches has decreased, those who perform them are willing to continue with the process. The total of people who are looking for a property and who have followed up with advertisers increased 19.2% in January, 18.2% in February, 16% in March and 17% in the first two weeks of April.
Regarding home income, the information that circulates is that approximately two out of every five contract renewals have been canceled, derived from the lack of work. The Ministry of Labor recorded the loss of roughly 350 thousand jobs since mid-March, and as the pandemic evolves, there is a risk of more layoffs.
The office rental market in Pakistan is also beginning to face a bleak outlook with an increase in the unemployment rate that could reach up to 5%.
Coworking offices are being hit the hardest by the initiative of many companies to make their workforce work from home, and the construction of corporate buildings will face a contraction, at least for the next few months, until the global economy stabilizes.
In addition, retail and shopping centers have also been forced to close. Indeed, their recovery will be slow and long-term since, in addition to the contingency, they face new sales models such as electronic commerce; this is one of the trends that accelerated during the contingency.
In these uncertain times, it is essential to note that although the volume of transactions has decreased, the sale and rental of properties have not stopped; The real estate sector is changing the way of doing business, but not its bottom line and digital tools are the best options to continue moving the market, which from past experiences, we know that once this situation passes, its recovery will be intense.
Factors such as the maintenance of interest rates and accessible terms for financing by banking institutions during the contingency, because it is predicted that these could increase once the situation has normalized and that the authorities have announced economic plans to revitalize the construction sector, they give certainty that the market is not going to stop.
Looking towards China
The nature of the challenge in the world economy forces us first to look at the effects of the coronavirus on the Chinese economy to try to analyze the potential impact on any business area across the globe. After 55 days of quarantine, China’s transportation came to a near-complete halt; hotel occupancy fell by more than 90%. Car sales plummeted 92%, although the number of actual transactions declined only 35% during the months of January and February. At the same time, 55% of residential projects began construction, and 77% of constructions reached completion during this period. Within the Chinese GDP, the real estate industry represents a sectorial weight of 14%. It is fair to say that despite the blockade, activity in this sector of the economy was able to remain low.
Future development of the local market
Undoubtedly, there is more concern about the behavior of the local market in the coming months. It is inevitable that the total stoppage of the tourism industry will have a negative impact on unemployment rates and that a higher level of uncertainty will slow down the first-home market. However, we must highlight the macroeconomic conditions that govern the real estate market to understand that it is only a transitory situation and that the local demand for housing will soon recover, driven by the shortage of supply, the increase in population, and the tourist industry to be recovered. Pakistan leads tourism worldwide. We have great faith in the ability of their companies and local authorities to adapt to new conditions., with the accumulated experience of more than 50 years innovating in the leisure and travel industry internationally. In addition, it is categorical to understand the behavior of the population of an island towards the real estate market as a generator and guarantee of wealth. The culture and tradition of the inhabitants of Pakistan are to preserve the land that produces crops and to maintain the apartment or store that generates rental income, even if this means making an additional effort for a certain period of time.
A New Era for nature and the environment
This global wake-up call will transform many aspects of life, aspirations and our responsibility to the planet. Pakistan has dedicated, for many years, efforts to protect the environment locally, and its tourism companies, with a presence in many countries and with thousands of employees around the world, have made sustainability at the heart of their business. At the local level, we invest sustainably and responsibly in local actions and consumption. Pakistan has a bright future as a reference to support the local producer, who is now receiving the deserved interest from the country population and visitors who appreciate the nature of Pakistan and wish to protect it. This global shift towards health, responsible consumption, and environmental protection will positively affect the Pakistan real estate market. It will become an increasingly determining factor in new projects that already have energy savings and the responsible use of construction materials among their priorities.
Top Ways To Earn Money Through Real Estate Investment
Many people believe that investing in real estate can enrich them in a very short time. However, we can say that it can be true, but only if you are effective, vigilant, and have a prudent approach to making the right decisions on time. There are a number of investment approaches to raising money in the real estate business. You just need to differentiate between the strategies useful for experienced investors and profitable strategies for novices.
Today we are going to discuss some of the best tips for investing in real estate that will help you earn nice money against your real estate investment.
Strategies for raising money in real estate
The real estate sector is undoubtedly one of the most lucrative investment sectors of Pakistan. At the same time investing your capital in the real estate sector can be a daunting experience as there is risk and fear associated with the real estate business. The risk of possible fraud in real estate is very high. Investors can lose their hard-earned money if the project turned out to be a scam or illegal. Many people have in their minds the myth that they have to be billionaires to invest in real estate. However, this is not in all conditions. You just need to be smart enough to identify the opportunity for a lucrative deal.
Some of the most commonly used ways to raise money in real estate are:
- Renting your property
- Investing in home renovation
- Holiday rentals
- Renting office space
- Renting a part
- Investing in Commercial Real Estate
Let’s discuss each of them in detail.
Renting your property
Renting income is one of the most popular ways to make money in real estate. Some investors are building houses for rent. Not only does it generate a steady stream of income, but the property itself appreciates its value over time.
If you are looking to buy a property to rent it later, make sure the property you choose to buy is located in a well-connected and popular neighborhood. However, if you are interested in building a home from scratch to rent it out later, you need to consider the trendy features that will help you attract potential tenants.
Investing in home renovation
House investing is another way to make money in real estate. By launch, we mean when a real estate investor buys a damaged or dilapidated property that needs major maintenance or complete renovation. Investors usually renovate it or fix major problems to sell it at a profitable price.
If you choose this option, remember that you have to be very fast in this process. Because, if the property is on the market for a longer duration, it has started to lose its value. We recommend that you do not require more than one year in general repair and resale.
In addition, you need to make sure that the chosen property is located in a popular neighborhood. If you’re investing in old real estate, you can completely change its perspective by typing a little bit, but location matters most. Location is the key to getting a good profit against your property.
Places of vacuum
Providing your furnished house for vacation rentals is one of the best options for raising money through property.
Wondering what holiday rentals mean? it means accommodation, which is an alternative to hotel stay for tourists and visitors.
Many tourists prefer to stay in apartments than a hotel stay to avoid a busy urban life. So that they can spend their free time in peace. You can make this option a steady stream of income.
Coworking office space
Collaborative office space is another much less talked about way to make money in real estate. The trend of investing in commercial real estate with the rental of it grows over time. You can either choose to rent the entire office or rent corporate space to freelancers or contractors who need workspace but are unable to afford the entire office.
Renting a share is a very common way to generate income with your property. Investors usually distribute their property in installments and rent them separately, this will multiply their rental income. Not only investors, but many residents also follow this practice, because while they live on the ground floor, they usually rent the first floor to produce a steady income.
Investment in commercial real estate
Investing in commercial real estate is definitely the best choice in real estate. You need to not only focus on investment property but always look for good deals on property development. This allows you to earn through improvement or earn a profit by selling it later at a nice price.
Concluding today’s blog, these are some of the most common and lucrative real estate investment choices we have collected for you. We hope this information will help you make a wise decision to make money against your real estate investment.
DHA Rahbar Vs. Bahria Town Orchard Lahore – Where To Invest
When it comes to buying property in Lahore, the Defense Housing Authority (DHA) and Bahria Town remain two of the most common residential companies among residents.
Both areas have spectacular projects, state-of-the-art facilities and a protected climate. However, due to their construction status, house prices in some places within DHA and Bahria Town can be a bit high.
However, if you are looking for fairly cheap real estate in some of these cities, DHA Rahbar and Bahria Orchard might be your best bets.
Location of Bahria Orchard & DHA Rahbar
This housing plan is located on the main Defense Road in Lahore and enjoys proximity to Raiwind Road and the Ferozepur Road. The South Loop II of Lahore Ring Road is also conveniently accessible by DHA Rahbar, which ensures that public transport is readily available in the city, and is also surrounded by various communal dwellings, such as the Valencia Housing Society, haajaban -Amin, the Society on Housing of the National Police Foundation and the King Edward Medical Housing Society.
La Bahria Orchard a residential association is located along the Raiwind Path. Thanks to its aesthetically appealing landscape, playgrounds, parks and protected green areas, this beautifully designed residential scheme is sometimes called a luxurious landscape. It also offers safe, basic facilities and transport connectivity to its citizens on a daily basis – all necessary for a quality and healthier lifestyle.
Phases Of Bahria Orchard & DHA Rahbar
DHA Rahbar consists of 5 phases. Infrastructure work is being done in the first four steps of DHA Rahbar. The possession of plots in many of its regions has also been confirmed. DHA Rahbar Phase 2 consists of various blocks named after letter sets, i.e. Block F, Block G, Block H, Block J, Block K, Block L, Block M, Block N and Block P. Several residential and commercial buildings are under development. In addition there are also families living in phase 1 and phase 2 of DHA Rahbar Lahore.
Bahria Orchard is planned in 4 Phases, however. Furthermore, these phases include various blocks in them.
Plot Prices in Bahria Orchard & DHA Rahbar
If you are looking to buy plots, the 5 Marla plot for sale in DHA Rahbar, Lahore, will cost around PKR 49.44 Lakh on average. By comparison, the average selling price of 10 Marla house in DHA Rahbar is PKR 97.85 Lakh. A 1-channel plot in DHA Rahbar has valued at PKR 1.74 crore.
As for the purchase of prefabricated homes, the 5 Marla houses for sale in DHA Rahbar, Lahore, cost on average around Rs 1.2 crore. The 10 Marla house at DHA Rahbar is valued at PKR 2.36 crore. If you are looking to buy a bigger house, the average price of 1 channel house in DHA Rahbar is PKR 4.3 crore.
The tax on 5 marl plots for sale in Bahria Orchard is an estimated 25.53 lakh. You can buy 10 marl plots in Bahria Orchard for an estimated price of 57.32 lakh. The average price of 1 channel plot in Bahria Orchard is PKR 1.09 crore.
You can buy a 5 sea house in the Bahria Orchard for an estimated price of 64.83 lakh. 10 Marla houses in Bahria Orchard have an average price of Rs 1.88 crore. On the other hand, 1 Canal houses for sale in Bahria Orchard cost an average of Rs 1.99 crore.
If you are looking to invest in DHA Rahbar or buy real estate in Bahria Orchard, make sure you know the basics of real estate in Pakistan. This guide, devised by our professional writers and researcher on land sales and delivery, may also help in this regard.
Property Tax In Pakistan 2020: Latest Property News Updates And Criteria
Less than 1% of Pakistanis pay property tax. This is a bad and risky statistic for a country’s economic well-being.
Most residents in Pakistan do not pay taxes. In return, this weakens our financial and economic situation. There is not enough money for the government to pay for roads, hospitals, education and defense.
In addition, the state needs to rely on foreign sources to raise revenue due to the lack of taxation. This involves loans from other countries and large-scale banks.
Property Tax In Pakistan 2020 – Important Details
You need to have details about the size of the lot and how to know it correctly if you are measuring the tax on your home.
This blog should remove all confusion related to properties in Pakistan 2020.
What is a Property Tax?
In the type of money the owner would pay, the property tax is the amount. The government is collecting the bill. The government is helping taxes. It is used in various fields, e.g. In road construction, increase in the required imports, payment of wages of people, and so on.
The word property applies not only to plots or homes but to all materials you own. Your car, farm, office building and other things on your behalf will be part of concrete help. Pakistan’s current property tax rate is 25% in 2020.
Although it costs to buy some material objects, e.g. To build your houses, raw material costs, labor costs, interiors, floors and others. Many banks in Pakistan lend a home to facilitate the construction of your home.
How You Can Pay Your Taxes
In Pakistan there are three types of property taxes:
- Each province has its own tax department. You must call the local tax department to pay the tax.
- By creating an online asset tax, you can also pay your tax in banks.
- You can change electronically through your online banking systems.
Tax Year of Pakistan
The fiscal year will begin between July 1 and June 30, so the property tax, which began on July 1, 2020, will end on June 30, 2021. Real estate can be contacted for in-depth perspectives. The books offer insights into both industrial and residential.
Property Tax And The Situation In Pakistan
In the third world countries, Pakistan is flourishing and progressing if we are to see it. Now is the time for us to act. The housing tax is not the same for everyone and the more you receive, the more you pay tax. It ensures a balance between the social class of different status. The rate often varies between cities and districts. The taxes are in format and they are charged conveniently by any citizen.
Many citizens do not pay the taxes that do not build such good financial conditions. The administration would not earn adequate funds for financial compensation, health insurance, education, and defense. The government has gone to foreign outlets because of these circumstances. This implies the take-off of high-interest loans from the IMF and other nations.
Important Issues To Consider WRT Property Tax In Pakistan
- There is no distinction between plots and some buildings
- CGT was shortened to 4 years the retention time
- 100% of the capital gains taxed because it is less than one year of the retention period
- 75% of the capital gains tax if the retention period is longer than 1 year but less than 2 years
- If the retention period lasts 2 years but not 3 years, 50% of the capital gains will be taxable
- In which the retention period reaches 3 years, but not 4 years, 25% of capital gains are taxable
- No tax on CGT after four years of tenure
Types Of Property Tax In Pakistan
Capital Gains Tax
You have to give the government a certain amount of money when you buy some land. The Capital Gains Tax is charged at a rate of 2% of the recorded value, in accordance with the Finance Act 2006.
In the current budget, however, the general value-added tax on urban spaces is 2% and the stamp duty rate is 3%. Stamp duty is an amount you pay for the legal records of the property.
Capital Gains Tax
This tax is the inverse of VAT. Capital income tax is a certain amount of money that the seller needs to pay for selling his assets. The tax applies to the income of the seller.
The Pakistan Finance Act 2017 stipulates that capital duty can be imposed only if the property is sold within the first three years of the sale. In addition, annually, tax rates are adjusted.
The tax rate is 10% in the first year, 7.5% in the second year, and the tax limit is 5% in the third year. The seller does not have to pay the capital gains tax in Pakistan after three years.
Capital gains tax and capital gains tax are a combination. The buyer and the seller must share a certain price when an item is sold.
In Pakistan 2018-19, a buyer of the house, which is also an income tax, will pay a 2 percent withholding tax, while a non-advertiser will buy a 45 percent tax. The taxpayer must pay a 2 percent withholding tax.
Will you see the gap between taxpayers and non-registrants in the tax bracket? This huge increase in the tax rate is aimed at ensuring that taxes are made. Similarly, buyers of the property must pay a 1% tax for registrants and 25% for non-registrants.
Which properties are tax-saved?
Any active groups are exempt from the imposition of taxes. The following categories are addressed:
- Houses built on land less than 5 Marla, instead of the category “A” place
- Property cannot operate above the annual rent of PKR. 5211 / –
- A single house with an annual rent of no more than PKR. 6480 / – if the owner’s house is occupied
- The annual deduction of the tax debts of buildings occupied by widows, small orphans and / or the disabled is PKR 12150 / -.
- Housing up to one Canal owned and rented by a former government worker is removed from the ownership of a dwelling house
- Government buildings, such as businesses, districts or cities. buildings maintained by a government or magistrate
- Mosques and other monasteries.
- Urban parks and children’s fields, schools, boards, homes, inns, bookstores and hospitals, buildings and real estate.
- Places rented only to public charities, religious or prescribed.
Regardless of what property you own, one must stand as a responsible person. The conscientious citizen keeps his tax data accurate. The company economy is set up by this action. When we look at the land, people in various private businesses like to buy land and houses.
The values of the property are growing steadily as it is the perfect opportunity to buy. Today’s investment is tomorrow’s investment. Contact Globe Estate & Builders for more information on property news.
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:
- 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.
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.
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.
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.
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.
Investors usually earn property tax exemptions. You will, for example, get mortgage interest deductions. This is generally done by politicians to promote additional spending.
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.
GDA Bolan City Gwadar – Project Details, Location & Prices
GDA Bolan City is a modern housing project located on Makran Coastal Highway, Gwadar. The company is duly approved by Gwadar Development Authority. It obtained NOC # 25/05 / HS / GDA (B), a copy of which is added below:
GDA Bolan City is sponsored by Roseberry Real Estate Developer and Paradigm Marketing. The project was officially launched in February 2020, and housing reservations are currently opening in its Paradigm Block.
GDA Bolan town plans more than 100 acres of ideally placed plot of land in Mouza Mazzani on Makran Coastal Highway. It is surrounded by main highways from all 4 sides, so it enjoys convenient access from all parts of Gwadar.
Sardar Gohram Laghari road passes through the society on the east side, while Kahan Avenue is located on the west. Buleda Avenue passes along the north end, and Makran Coastal Highway lies on the south front.
Here is the local map of GDA Bolan City Gwadar:
As you can see on the map above, GDA Bolan city is located close to the Marine Drive, so about 7 KM and quite distant from the Gwadar International Airport, so 17 KM. A host of other housing projects such as Canada City, Savaira City, CPIC, and Green Palms Gwadar lie in the neighborhood of Bolan City.
GDA Bolan City Gwadar aims to develop modern infrastructure while maintaining higher development standards. It is planned to be a secure gateway residential community with a front area towards Coastal Highway reserved for mega commercial establishments.
Ample spaces have been reserved through the society for parks and horticulture. All standard amenities such as school, hospital, masjid, RO plant, parks and playgrounds, recreation areas, shopping areas and community center are included in the main plan.
Additionally, the company will provide an uninterrupted supply of services and ensure maintenance services around the clock. Security personnel will be deployed for the physical security of the residents, while CCTV cameras will be used for surveillance in public areas.
Map of Master Plan
The master map of GDA Bolan city has already been approved by Gwadar Development Authority. Housing plot sizes include 125 SQY, 250 SQY, 500 SQY and 1000 SQY. Commercial plot sizes include 100 SQY, 200 SQY and 400 SQY, which are located on 160 ft wide Sardar Gohram Lashari Road. The former commercial area towards Coastal Highway is reserved for future developments.
Download below the high quality image of GDA Bolan City Map: (click to enlarge)
Availability of the map means you can choose your full number at the time of booking. So this is a good opportunity to buy a good local plot instead of buying a file and wait for a computer poll to find out your plot location on the map.
The current development plan is approved for 100 acres of land, however, the company owns an additional 50 acres of land which is reserved for future extensions.
Prices and Payment Plan
GDA Bolan City Gwadar offers different sizes of apartments in Paradigm block according to a 3-year fee. Reservations start from a nearly 20% down payment, while the remaining amount is payable in 11 equal quarterly installments. Available plot sizes include 125 SQY and 250 SQY and 500 SQY.
Here are the prices and payment plan of apartments:
Please note that you can choose a delivery schedule of your choice. If you prefer monthly fees, your schedule will change to 36 monthly fees. A 10% special discount is offered in case of 100% payment at the time of booking.
If you book a corner, main road or park, you will have to pay 10% additional costs for each category.
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 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.
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.
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.
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.
Key Points For Buying a Property On Installment Basis
PRACTICAL TIPS FOR BUYING GOOD IN FACILITIES
Here are some of the important points to consider if you are looking to buy a property according to the transfer plan.
– Detailed Research
– Evaluate the Place
– Double check Laws
– Stay Informed
– Obey the Rules
One of the initial steps before investing in real estate is detailed research. You need to carefully monitor the local property and the average price trends for the type of property you are buying. This is one of the basic tips for buying a property through a transfer plan.
You need to have an idea of the current real estate prices of the local market, it helps you avoid over-spending while you are getting a free deal. You can always check out faizanbarai.com to check out the popular new launched and upcoming projects in the real estate market of Karachi.
Almost all newly launched real estate projects offer convenient floor plans. It gives you the opportunity to compare different projects according to your budget and preference. You need to check the facilities and amenities and other factors that add value to your investment and consider each option accordingly. All of these steps are essential before finalizing your decision.
If we emphasize facilities necessary for contemporary living, the housing project in which you intend to invest must offer 24/7 service supplies, security and well connected with the city. If you are interested in investing in an apartment, you need to make sure that the project offers elevators with a power reserve, especially if your chosen apartment is located on the upper floors.
The latest projects also offer amenities such as indoor recreational activities, a dedicated space to spend free time, and selected parking spaces.
Evaluate the Location
Choosing a location for your investment is the most crucial step of the whole process. There’s a good chance that your chosen location may not meet all of your preferences, but you still can’t compromise on location. Therefore, always buy property according to the delivery plan, which is located in good surroundings and well connected with all the main roads of the city.
We recommend that you never invest in real estate if the location is not right for you. No matter how timely and reasonable the payment plan is, the wrong place will not only negatively affect your living, but will also affect your property value.
Double check Laws
We have seen many large-scale repressions against intrusions and illegal housing across the country in the recent past. That’s why it’s so important to make sure the property you’re investing for free has no legal issues. Always double-check the background and legal status of the project before investing.
If you intend to invest in Karachi, you can always check our website to be informed about legal and illegal housing projects in the city.
Find Out About Latest Developments
Keeping you up to date on the latest events related to your project is necessary to make an investment for free. You need to pay attention to developments like voting, handling, possession, and so on. Builders also offer different privileges like discount offers and special waivers to investors. Therefore, to take advantage of such opportunities, you need to be enthusiastic.
Obey The Rules
To make things easier for your delivery, you must follow rules and regulations. You need continuous interaction with the builders and visits to their office frequently to document all transactions. Always keep every small transaction about documents. You should receive every receipt payment as a secure side to avoid any inconvenience in the future.
If we talk about the payment structures, the down payment is usually about 10 to 15 percent of the total asset you have to pay initially. Then you are entitled to either pay monthly, quarterly or biennially. It all depends on your payment plan. You need to make sure that you follow rules and guidelines and that there are no payment deadlines. It helps you to achieve timely ownership and maintain a good reputation as a real estate investor.
So here are some of the key aspects we’ve collected today. We hope these points help you plan your investment in real estate. If you have any questions or confusion about purchasing a property through a delivery plan, please contact us or write in a comment section.
Healthy Real Estate Well-Positioned for Sustainable Growth in a Post-COVID World
The COVID-19 health crisis has had a greater impact on business real estate demand than the Great Recession, as forced quarantines, social distancing, layoffs, supply chain disruptions, unemployment and erosion of consumer confidence put the industry on its knees in 2020 and through the first quarter 2021.
One bright spot in the troubled commercial real estate sector was medical real estate. While office visits for election procedures have fallen, critical care, especially off-campus, has seen an increase as a result of the pandemic, balancing any weaknesses in the sector.
The vacancy rate of the U.S. Medical Office (MOB) was 8.6% since the 4th quarter of 2020, up from 7.8% at the end of 2019. By comparison, the overall vacancy rate for the office sector was 13.2% since the 4th quarter. 2020, sales have resisted extremely well, and real estate investors remain very optimistic in the sector.
“The healthcare sector continues to play a dominant role in the U.S. economy and has shown annual growth for many decades,” notes Martin Freeman, CEO of OrbVest, a global real estate company that invests in U.S. revenues that produce medical commercial real estate. “From an economic and political perspective, Biden’s new management strongly favors expanding health services and benefits and we remain optimistic about the sector going forward.”
Expectations of continued oversupply in the sanitary real estate sector are bolstered by some of the following fundamentals.
1. Structural growth in medical office demand will include, but will not be limited to telehealth
Investors in medical real estate must consider the impact of healthy, economic and economic and strategic shifts. Telesano will be a great driver for healthcare real estate growth and will be complementary rather than competitive. Take a telescopic giant The merger of Teladoc with a chronic disease manager Livongo, for example.
Social distancing, whether popular or not, will be a growth driver for structural and spatial improvements in medical office buildings, as consumers and staff will require modifications to feel safe. Economically, capital conservation will impact real estate, and strategically, labor deployment could be affected. There could be some short-term disruption as we figure out how to take what worked with the “old normal” and integrate with the “new normal”. Let’s not be surprised to see limited capacity, relief or delays in rentals, reductions in numbers based on delayed procedures and more.
However, in the long run, as the sector inevitably adapts and adapts, and medical real estate needs to have a solid long-term growth potential due to changing consumer needs and evolving demographics.
2. Increased real estate demand from the segmentation of wellness and acute care locations
“We see a measurable shift from the hospital as the center of U.S. healthcare,” Freeman explains, “this trend is likely to continue and accelerate in future years.”
This is another backwind for medical real estate partly driven by demographics. The need for preventive and personalized care among millennials and the elderly has already transformed property treatment long before the pandemic. We have already discussed how the aging U.S. demographics seem to directly correlate with increased real estate demand for health services. Providers also understand that both millennials and the elderly value preventive and personalized care. They know that these cohorts want to focus on a long and healthy life for themselves and their families. In addition, seniors now have access to less expensive and convenient care, while young working millennial parents have access to faster and more special care for their children. This worked too well for it not to increase.
However, this trend is not exclusive to demographic changes. Many of these triggers are due to a growing hospital and how complicated they can navigate. A convenient approach along with lifestyle integration looks like a key driver. Hospitals are likely to focus on longer-term hospital care in the long term, opening up a need for additional buildings dedicated to less harsh and less costly facilities in more convenient and easily accessible locations in population centers.
Moreover, with brighter light shining on pre-existing conditions, well-being and preventive care needs have never been higher.
From a real estate standpoint, a future overlay will likely involve a combination of the following.
Increased efficacy of outpatients.
This can be considered a “medical home” model. This may include group primary care and special care in solid locations accompanying services such as imaging, pharmacy and laboratories. This might also require larger buildings with more giant footprints. The most significant suppliers have already increasingly adopted this model.
The growth of “MedTail”
Retail and health real estate both share many common issues, such as the need for high traffic, visibility, neighborhood proximity and parking. A shopping mall is available and affordability is increasing, and health care providers can jump at the opportunity to increasingly relocate within retail centers.
This gave rise to a new segment of commercial real estate – “MedTail”. Retail locations with integrated medical options, such as pharmacies, are becoming more common.
According to a sanitary real estate company HBRE, townships and suburban areas that once had little access to local medical facilities see more options like the CVS minute clinic or the Kroger Small Clinic.
In addition, emergency care centers have emerged in retail malls as another offering to suburban residents.
Tether Advisors also conducted a study and found that “nearly 80 percent of private equity, commercial real estate and retail physicians respond that medium-term investment will increase in the coming year and that COVID-19 has strengthened the sector’s outlook.”
Maximize revenue opportunities on one website
Operators can maximize several revenue streams, such as promoting flexibility for different care delivery types at other times. Providers are also more willing to outsource facilities and project management services in strategic partnerships to ensure they get the highest possible value from their property.
This could also create significant real estate due to adjustments that hospitals will have to make. COVID-19 increased the need for sharper space within hospitals and pushed sharper and administrative uses into alternative locations. This has changed the functional mix of hospitals and increased public perception that hospitals are for very sick people. Many short- and long-term approaches affecting medical real estate must be seen here.
Hospitals will inevitably have to optimize their existing buildings and reduce the possibility of contamination by modifying existing spaces and consolidating. They will also have to accept higher acute care while managing contagious risk – even after the pandemic becomes more manageable. Future success for hospitals will also involve embracing the shift to more acute care and facilitating safety concerns within hospital facilities.
3. Medical office investments are a source of pre-pandemic, mid-pandemic and post-pandemic stability
The numbers don’t lie. Medical office buildings (MOB) are loved by passive investors because of long-term leases, stable employment, consistent income, and rental quality.
This active class has a lot of tailwinds blowing favorably for both short and long term.
First and foremost, these properties have benefited greatly from all the aid in the multiple incentive packages and the billions dedicated to helping small companies. Think of all the independent doctors and small practices that have benefited from the PPP loans. While many tenants struggled to pay rent, most of these medical tenants were quite good. Loans from the federal government required hospitals to maintain employee levels and continue to pay rent for their buildings, and as a result, relatively few organizations had trouble paying rent. In fact, in the worst part of the pandemic, owners of medical offices have collected rent from tenants in the high 90 percent range.
As a result of the relatively low amount of rental delays, there is a strong long-term outlook for medical real estate.
Also, consider MOB fundamentals and occupancy rates. Through approximately 1.5 billion square feet in the United States, MOB occupancy has been remarkably stable. Between the financial crisis and now, MOB employment ranged between 91.4 percent and 92.6 percent. Compare that to the average occupancy rate for offices in the U.S. in that same period – about 82.1 percent to 85.8 percent.
Or maybe you want to consider renting. Due to the high investment in infrastructure required by medical tenants and barriers to entry as rules necessary for surgical centers and imaging, MOBs on average report an average retention rate in the high 80 percent range, significantly exceeding typical commercial office retention.
In addition, despite all the economic headwinds and a downturn in commercial real estate, new outpatient medical construction has remained steadily stable at about 17 to 20 million square feet per year, about 1.8 percent of storage nationally, and well below the national average of 2.1 percent. for a business office.
There is also almost no speculative medical office, as most developers and lenders alike require a 50 percent down payment to launch new construction.
Look at how medical rental growth has also grown. Nationally, average medical office rents have steadily risen from $ 18.28 per square foot in 2012 to $ 21.51 in early 2020. This is a stable 1.5 percent year-over-year gain and a 31.8 percent peak-to-excess return. from a low of $ 16.32 in the fourth quarter of 2008.
Key Withdrawal for Investors
Can medical real estate withstand the downturn in the commercial market? The answer is a resounding yes. “The current challenges facing the global economy, and the potentially aggressive rebound of business sentiment in the U.S., create an ideal opportunity for companies like OrbVest to help investors around the world invest directly in medical real estate in the U.S. and grow their wealth steadily and sustainably,” says Freeman.
Healthcare is changing, our demographics are aging, and if this last year has shown us anything, it is that an adaptable and thoughtful health care system is essential for a functioning society. We will see numerous changes in medical real estate and MOBs in the short and long term. But the bottom line is that if you look at the fundamentals, you really can’t find a better long-term investment than medical real estate for stable income streams, quality tenants, long-term rents, and high occupancy rates.
If you look at investment performance after the financial crisis, this supports the fundamentals of the sector. This is an ongoing asset class, changing over time, and a property type that will experience growth a lot in the future.
If you are looking for passive income in real estate, medical commercial real estate offers an extraordinary investment opportunity.
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.
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 at 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.
Winner won a chicken dinner
The winner in my opinion is construction projects on 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.
4 Advantages Of Installing Tankless Water Heaters In Your Next Flip Home
A house reversal is a process in which someone buys an old house that needs extreme renovation and renovation, and then resells it for a higher price. When it comes to home throwing, you need to make sure that you come up with a good quality home so that you can attract more people to look at and eventually buy your property.
One of the best things to add to your next flip home is a tank water heater. A water heater has become necessary for those who simply cannot find comfort in showering with cold water. A water heater is also ideal for operating your dishwasher. With that, you need someone reliable who can install tankless water heaters in your homes, such as CE Pipe and Heating.
Moreover, listed below are the advantages of why you should install without tank water heaters in your next home.
1. Saves Space
When you go home, you may save as much space as possible so that you can use the extra areas for additional features. These could be added storage space, a sink or even a work table.
When targeting a traditional water heater, you may have trouble using the area because you need to consider the tank space. With a tankless water heater, however, you can save a lot of space, as you will only need to install a device on your wall. With the saving space of an invariable water heater, you can fully utilize the extra space into something more useful that could add value to your thrown home.
2. Saves Energy
Without a tank water heater was very popular because of its energy efficiency feature. It only heats water on demand, instead of storing a large amount of water inside a tank and heating it throughout the day.
Because without a tank water heater is cost-effective, potential buyers would be more interested in your home because they know they will save a lot of money on energy costs. Without a tank water heater uses energy only when you turn on the faucet or the shower cap, so it doesn’t continue to work even at night.
Every home buyer would like to save money, especially when it comes to reducing their monthly service bills, as they are the main culprit as to why monthly expenses cost more. With a tankless water heater, they can dramatically reduce their electricity bills from 8% to 50%, depending on usage.
3. Promotes Excellent Farm
If you go home and you were unable to sell it immediately than anticipated, you may want to purchase items and features that are sure to increase the value of the property. With high-quality items, you can be sure that your property would still be in the best shape even after so many years.
Without a tank water heater, it can last up to 20 years, twice as long as the conventional water heater models. Along with that, a tank water heater also gives a long warranty, so you can guarantee that you will have a reliable water heater in your home that you can quickly repair after it has developed damage due to wear and tear.
That’s why you need to buy your tank water heater from a company that has been engaged for years so that you can guarantee that they will serve you well when you need to ask for your warranty claim only if your water heater is not working properly.
4. Promotes Comfort And Comfort
Everyone wants to buy a home where everything is convenient and comfortable to use. While a water heater can help provide an adequate amount of heat while you shower or take a hot and relaxing bath, it will be best if you can get hot water on demand, so you don’t have to wait too long if someone has already used heated water in front of you.
A tankless water heater provides many great benefits for every homeowner, especially for those people who want easy and economical features. If you are a house pinball machine, it will be ideal if you get what most people want so that you can increase your chances of selling your house quickly.
Without a tank water heater can be one of the home investments that will pay you back, even for the new homeowner.
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 here are some outstanding advantages and handy tips for investing in commercial real estate in Pakistan.
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.
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, 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, 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.
How to Avoid Long Home Selling: 5 Tips to Sell Fast
As an investor, you may want to diversify your portfolio from real estate to stocks, bonds, crypto or many other things. If you already have an old rental property, vacation home or any property you want to sell quickly to get quick cash for your next investment, then you need to find ways to avoid a long sale.
In this article, you will learn some expert tips so that you can sell a house quickly.
1. Avoid Dealing With Consumers
Consumers are not everyday shoppers. They are private people who are looking for their dream home at the lowest price. They want a house in good condition without significant roofing, electrical, plumbing, drainage and foundation problems. Consumers are also the most demanding type you will ever meet.
According to the June 2020 statistics of the National Association of Real Estate Agents (NAR), the typical U.S. home remains on the market for about 24 days and 46 days to close a purchase loan agreement that gives an average of 70 days from listing to closing. These statistics are based on traditional home sales. Why do you wait so long if you have other options?
The benefits of avoiding dealing with consumer shoppers include the following:
Deal with investors like you:
You can avoid dealing with consumer buyers, which can prolong home sales by dealing with a buying company, such as Buyers of Burlington Houses. Home buying companies are managed by investors like you, buying and selling homes to the commercial market. They aim to make money with modest profits by buying and selling real estate at a low price instead of selling expensive homes for significantly high profits.
Save time and money:
Avoiding consumer shoppers can save you money from inspection, listing, repair and other expenses. On the other hand selling a home to a real estate investor is time consuming and cost effective because you will be spending money for nothing.
Sell Your Home Quickly:
Private individual buyers need nutrition, constant monitoring and monitoring. They are difficult to handle, unlike cash buyers who are simple in offering quotes. Either you accept the offer, make a counter-offer or reject the offer.
2. Promote Your List Online
If you are used to listing properties in newspaper advertisements, the time has come to list your home for sale through different internet channels. This will strengthen your list and increase potential buyers.
It’s a good idea to create a virtual tour so that potential buyers can simply click on the link to go through your house online. If you plan to invest in up-fixed real estate and become a pinball machine (buying houses at lower prices and then renovating them to sell at a higher price), promoting your home with a virtual tour is a good idea. You can hire a professional to take care of this job for you.
Avoid being inundated by many surveys listing your property right online, answering basic questions from potential buyers like the following:
- The address of the property for sale
- The sale price
- Number of bedrooms and bathrooms
- Amenities included
- Honest shortcomings
- Clear (high resolution) photos
3. Hire an Experienced Seller-Real Estate Professional
You’re probably too busy managing your business and other investment and don’t have time to deal with long-term home sales. You can hire a real estate professional (real estate agent or real estate agent) who has experience in dealing with home sellers for your best interest.
Choose an experienced real estate professional from a good company by following these tips:
Real estate professionals are qualified to handle real estate buyers and sellers. Be sure to evaluate the testimonials from your prospects to avoid problems. Look for licenses, permits, certificates and membership to respected properties.
When you have limited your choices to at least two real estate professionals, interview everyone to get to know them. Find out who among them has the best gentle skills. Don’t hesitate to ask questions such as if they are experienced in helping investors in the past. You may prefer to hire someone you are comfortable talking to, someone you know real estate with a keen business instinct.
4. Make Necessary Repairs
Buyers always inspect for defects more than the comforts of a home for sale. So it makes sense to complete the necessary repairs to sell a house quickly. Hire a professional to inspect your home and make the recommended repairs or improvements. Don’t forget to get a certificate so you can present it to a buyer who may have doubts about the longevity of your roof system or other home appliances.
The necessary repairs you need to make to avoid a long home sale include the following:
- Roof Repairs: Repair cracks and holes or replace shingles and worn-out drains.
- Pipe Repairs: Repair leaks and clogged toilets, pipes and sinks.
- Electrical Repairs: Repair faulty wiring and replace old electrical outlets.
- HVAC repairs: Check for leaks, damaged thermostat, and replace capacitors.
- Graduation and Drainage: Drain regularly as needed.
5. Know the Perfect Time to Sell a House
Investors should always know when to strike while the iron is hot. In general, the best time to sell a house maximizing return is from May 1st to 15th. Properties sold in the first half of May tend to sell six days faster for $ 1,600 more than the average listing. Homes listed on Saturday get 20% more views during the first week on the market compared to homes listed on Tuesday.
The right time to list and sell a house can make a big difference in the sale price. Market circumstances can affect the perfect time to list a home, such as mortgage rates, tax incentives, and job growth. List your house on the market as early as April 1, depending on your location, or until July 15.
As an investor, you want to avoid a long-term sale of homes by selling your property to a buying company. Use digital technology to your advantage by promoting your list online and creating a virtual tour.
If you are too busy with your other investments, hiring a real estate professional will save you from the hassle of selling a home. Make sure you are dealing with an experienced real estate broker or real estate agent, someone who will protect your interests.
Procedure for issuing separate transfer letters to more than one transferor
The civic authority of Islamabad has devised a procedure for issuing separate transfer letters in case of more than one surrender. The broadcast procedure is as follows:
In the case of more than one transferor, different copies of the Transfer Letter may be obtained. Moreover, if a co-partner wants to deliver his share, all other co-partners will have to give their original transfer letters in order for new transfer letters to be published.
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An Insight Into Karachi’s Worst Transport System
Karachi, the third largest metropolitan city in the world, has been reopened Bloomberg published an article earlier last week on the deterioration of the city’s public transport structure.
Today we will analyze the damaged public transport of Karachi and the reluctance of the stakeholders to solve this problem, reflecting the terrestrial realities and the study of the company Mister Auto on cars about the city.
Starting with Muhammad Ali Jinnah Road, the road is of major importance as it connects the central part of the city to its main port. With thousands of daily commuters, the MA Jinnah road usually sees massive traffic jams.
The road is also occupied by an inaugurated upper bridge built for the federal government project, Greenline BRT. The project was completed in 2018 but lack of coordination, budgetary constraints and the reluctance of the ruling elite delayed the project for an unspecified duration.
According to research conducted by auto company Mister Auto in 2019, the city has been ranked as the worst public transportation system in the world. The study considered about 100 major cities. About 42% of the city’s travelers use public transportation as their daily vehicle. However, overcrowded and decades-old buses, the usual violation of traffic rules, unpaved roads and unprofessional drivers are the real and daily threat to the safety of citizens. The country’s first capital and major tax-paying city is home to the country’s major ports and regional offices of several multinational corporate giants.
Unfortunately, despite paying a large tax, the city comes from the essential facilities for living. The funds generated by the city are used in other regions. According to Waseem Akhtar, who recently served as mayor of the city, only 12% of the city administration is under his control. The number of cantonal councils, various federal government institutions and other unnecessary authorities divided the authority of the city into various stakeholders instead of the mayor.
The most recent exposure to poor urban planning in the city was observed during the monsoon rain in August this year. The city suffered from severe urban flooding after record rainfall and many areas were flooded for more than a week. With 64 victims and thousands rescued, the flood left many citizens trapped without electricity, cell phone service, cash as most ATM links fell.
After the monsoon destruction in the city, Prime Minister Imran Khan decided to visit the city with an announcement of a development package worth 1.1 trillion rupees. The package was announced in collaboration with the provincial government including the circular railway system and bus project. The amount announced by the government is actually more than the $ 6 billion bailouts that Pakistan has agreed to from the International Monetary Fund (IMF) to prevent bankruptcy.
The practicality of accessing those funds is a completely different argument. The Sindh government’s transport department has already acknowledged that they cannot afford to carry out large projects on their own. Although Prime Minister Imran Khan has announced 162 billion rupees for mega projects in the city, the city has not received any money earlier this year according to officials. According to the federal government, it spent about Rs 24.65 billion by June. However, an allocation of another 17.9 billion has been made for the current fiscal year.
The federal and provincial governments have announced several transportation projects over the years to address the city’s deteriorating transportation issue, but those projects have been limited to announcements only. Most projects have never started, although few have not been able to sustain them for more than a few years. On the other hand, Lahore started train service earlier this month as they already have similar types of bus projects running at least for the last seven years.
Karachi, Pakistan’s most populous city was once well connected by trams and a circular railway, but corruption, mismanagement and transport mafia in the disguise of local bus unions gradually destroyed the city’s transport sector in the late 1990s. . Major railway tracks of the circular railway system have become illegal slums with people moving from villages or smaller towns to Karachi to improve their income and lifestyle. The stations that once operated have now become a center for drug addicts and traffickers for their illegal activities. The previous federal government announced to restore the circular railway project in 2017. The constant pressure from courts has forced the officials to try to restore the historic transportation mode of the city. The Karachi Circle Railway (KCR) is due to resume operations this week on 16 November.
Karachi’s most controversial project, Greenline BRT, was announced in June 2014. The project has miserably not met the deadlines and has repeatedly exceeded the predicted deadline. According to the latest update, the federal planning minister said that project will be completed almost by the middle of next year.
For every problem of the citizens, there is a mafia that benefits from these things. They earn millions and billions every year by spending on the problem of a common citizen. Because of these mafias and their spokespersons in the government institutions, delays in the projects have become the fate of a city for a long time. KCR progressed after a discussion of at least 15 years, Water supply project lasted 18 years. The luxury area of the city is still deprived of aqueduct and residents depend on water cisterns aka ‘oil tanker mafia’.
DHA Quetta Smart City New Booking Details, Location & Prices
Defense Housing Authority ready to start its ambitious housing venture “DHA QuettaAs part of the “Ushushal Baluchistan” initiative. The authority has launched reservations on residential and commercial plots, as well as farm houses on a 4-year easy fee.
DHA Quetta is planned to be a modern housing plan offering smart urban features to prospective residents. It is located about 7 km from Quetta International Airport and about 16 km from Jinnah Road HBL Chowk at N 25.
Follow the google maps site of DHA Quetta:
The rural area spans more than thousands of acres in various museums including Kateer, Samali, Gadazai Malazai, Karak, Tarkha Gordat Singh, Mehtarzai, Chashma Baleli, Chashma Achozai, Ms. Ghurghai, Ms. Khula, Hanna, and Tor Ragha, including uninhabited areas of the valley around Shaban Road up to Shamozai Dam.
This is the first official launch of DHA Quetta Smart City Phase 1, and bookings have recently opened for many residential and commercial options.
Application Procedure and Guidelines
Candidates are invited by Pakistanis across the country and abroad, so now you can take advantage of this exclusive investment opportunity to get a residential or business plot in the first “Smart City” Housing Project in Quetta. Affordable apartments of 1000-sqft and 1200-sqft will be launched separately later.
Housing is available in the following sizes:
- 5 Marla
- 8 Marla
- 10 Marla
- 16 Marla
- 1 Channel
- 2 Channels
Commercial plots are available in the following sizes:
Country Houses are available in the following sizes:
You will need to download a registration form online from DHA Quetta website because a unique number is added to the form each time you download it. Therefore, you need to download two or more forms if you want to request two or more plots.
Please note that you cannot make copies of one form, so simply download as many forms as you need. It is important that you read all the instructions on the download page of the form, as well as the conditions given on the form.
After you have downloaded the form, just take a printout and enter the required details. Challan forms are also attached within the form, so you will be able to submit your voting fee along with the form. Each plot size in each category has its own specific voting fee, which you will need to deposit to request a reservation.
The following documents are required from each candidate category to be submitted with the application:
- General public: Photocopy of CNIC
- Abroad Pakistan: Photocopies of NICOP, OPF Card or Passport
- Senior Citizen (Over 60 years old): Photocopy of CNIC
- Govt. Employees: Certified Copies of Service Certificate, Book and CNIC
- Retrd. Armed Forces: Certified Copies of Download Book / Retirement Order and CNIC
- Disabled: Certified Copies of Medical Disability Certificate & CNIC
- Next of Kin of Civil / Military Shuhada: Certified Copies of Death Certificate, Medical File, FIR and CNIC
Once your form is ready, simply go to any TCS Courier Center, or to any branch of Bank Alfalah, Allied Bank, Askari Bank, Habib Bank and United Bank through Pakistan to deposit your voting fee and submit your form.
If you live abroad, you can pay your voting fee online by online bank transfer or credit/debit cards. You must attach a copy of the transaction reference number/transaction ID with the form before you submit the form to DHA Quetta Head Office.
Here are the prices and payment plans of each type and size of plot and farmhouse in DHA Quetta:
Please note that given prices are exclusively development costs that will be applied later.
As you can see on the payment plan above, the payment plan lasts for more than 4 years. Once you succeed in the ballot, you must pay a 10% advance payment after 30 days of voting and a 10% advance payment after 60 days of voting. After that, your 16-month fee schedule will begin.
Please note that it is mandatory for a candidate to be an active taxpayer (other than overseas Pakistanis) if he wants to apply for a business plot, farmhouse or apartment size 1 channel or larger. So, non-registrants can apply only in residences less than 1 channel.
Watch DHA Quetta TV below:
Procedure for issuing separate transfer letters to several transferees
If there is more than one transfer, they may request copies of the transfer letter separately.
If an assignee wishes to deliver their share, all remaining assignees will be required to return their original transfer letters in order for them to be reissued.
Govt jacks up property valuation rates by average 20%
On Friday, the government took the decision to raise property rates by around 20% for 21 major cities across Pakistan, focused on filling the gap that allows black money to the economy.
The second phase of aligning real estate appraisal rates in line with market rates has been due since July 2017 and the previous PML-N administration has twice delayed the growth, reports an English daily.
This step will allow the government to reap an additional Rs5 billion in tax revenue in the last five months (January-June) of the current financial year 2018-19.
The tax regulator announced on Friday the revised real estate estimates and more areas have been added to the existing cities aimed at broadening the coverage.
Federal Revenue Board (FBR) spokesman Dr. Hamid Ateeq Sarwar said taxes on average had risen by 20% and general property tax rates had risen between 15% and 25%.
According to Sarwar, due to the latest revision, real estate estimates have come closer to 60% of real market values.
He added that the final phase of the growth will start from July or September, which will bring real estate estimates to 80% of market estimates.
However, the tax regulator did not add more cities to the list and kept it unchanged at twenty-one and these rates take effect from 1 February.
The movement is directly focused on collecting federal taxes on the sale and purchase of real estate.
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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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.
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)
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)
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)
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)
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)
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)
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.
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.
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 to offer home lending with low interest rate, the government has taken measures to offer home loans with a mark-up 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:
Financing for house/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 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.
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.
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.
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.
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
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Malir Development Authority- Here’s All You Need To Know About MDA
Looking at the complex managerial problems caused by the rapid expansion of the urban population in Malir Town, Karachi, the Sindh government established the Malir Development Authority (MDA) back in 1993. The authority was responsible for many roles and responsibilities to improve and arrange the local infrastructure.
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
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 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 Landhi Industrial Zone.
TAISER URBAN SCHEME-45
Taiser Town is another most 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 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 our 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.
Procedure for Obtaining a CDA Property Information Report
Certain procedures have been set by the civic authority of Islamabad to obtain the Personal Information Report. The procedure is mentioned below:
- Candidate to be sent
- Added certified photocopy of NIC.
- Photocopy (certified) of attachment letter to be attached.
- Order of Rs.500 /
Technology Brings Prosperity Impact in Smart Homes
Scientific Research facilitates and comforts human life through its consequent deep struggle to find the final possibilities by which they complicate human life and bypass the difficult efforts, but to bring the intelligent effort, you can do your job without performing a long procedure just to do. a unique instructional task that makes your life hassle-free with Smart Homes.
Smart homes use Solar Led Lights
We don’t have to worry about technological improvement, Solar System one of the major scientific inventions that is very successful in Pakistan due to its climatic nature. Many people have completely adopted this technology and are completely eliminating these numbers of wired electricity.
It also saves your money with its smart feature auto and off option, which is why people are very impressed with the cost-effectiveness that has been added in their lifestyle after switching to the smart home appliances.
Logitech Harmony Elite
People were completely angry because of a lot of cell phones. This device is a complete high-tech device. It works with over 260,000 entertainment various channels and from smart homes you just need a harmonious elite for which you completely control the number if a task is accomplished with the help of this unique device. For example, TV, game console, smart lights, smart locks, thermostats and smart speakers, etc means that you are relieved by some big responsibilities you have to do in daily life.
Imagine you are sleeping in your room and you just have to wake up early to want to eat something, you leave a room without turning off the light bulbs, What about turning off your room lights with a cell phone?
Because of this smart technology you are saved to do the procedure and experience the modern smart lighting system that can be controlled by your Smartphone with the help of a program via Wi-Fi bridge.
Door Bell Sheep
If your children are alone at home, Doorbell you will make sure by constant notification by sending a video on your mobile phone every time the person enters your door and will feel free from the fear that your children have made a mistake without asking them. open the door.
When you go somewhere and forget where we put a key last time. So this smart lock works with the help of a program installed on your phone that allows you to let those people you trust behind your presence and update you with all the blockchain and unlocking activities performed in your home.
It is a home speaker that integrates a personal voice called Alexa similar to Siri and Google. It is always connected to your Wi-Fi allowing them to access cloud services and Bluetooth, letting you stream music from a cell phone. It is a highly customized program to order or to make any reservation and their availability, This device completely dominates smart home products like Philips Hue, LIFX, WEMO etc.
Smart refrigerators are very capable refrigerator doors with an eight-inch LCD screen. Their screen easily interacts with your mobile app. It performs a dual role of controller and information server. Along with these, you can peek into the fridge through your phone with its built-in cameras.
Ready Home Vacuums
In this era you don’t have to get off the couch to empty in this era, it itself will come back to charge before the juice is completely exhausted and then when charged, it will return to the place where it left off. We can also set the appropriate time for the vacuum to clean even if you are not at home.
Nest Smoke Detector
Sometimes you thought of negative intuitions about leaving your home, even though you had complete control over all the necessary things during the departure. A nest smoke detector has an industry-grade sensor that automatically tests itself. It’s also the first alarm you can hide from your phone with any extra hardware needed and it also has an advanced detection function to show where the smoke is coming from, whether your toast is burning or the toaster itself.
All of these devices contribute an important role in our lifestyles and look through the positive impact of Smart Homes, in terms of saving time, cost-effectiveness, Management of daily routine work and Safety of the house. The four important traits come together to form a 24-hour day, the whole day depends on those elements, why is it so important to us? If Technology Really Affects These Factors? Why do we all often adopt in terms of acceptance of Technology? Therefore, we have some successive questions that we need them to answer.
It is important to discuss these four factors with these important questions. Technology facilitates and manages human life; it also reduces the risk of security and is extremely easy to manage, these devices should cost very little maintenance. Most people in Pakistan prefer to use smart technology to regulate their security. Smart home technology refers to any set of devices, devices, or systems that are connected to a common network. This can be controlled from your smartphone or via a mobile phone display device. This whole process of Smart Homes allows you to touch on high-tech functionality and luxury that have not been possible in the past. After the flow of time the technology expands quickly and options for consumers home automation to make life more enjoyable. A smart home system tends to be surprisingly flexible when it comes to housing new appliances and appliances. No matter how modern your devices look today, it will never be more impressive over time. Moreover, you will be replacing the older ones to discover new technology to go with your indoor and outdoor spaces and need to keep updating the latest lifestyle.
Manage a home internally. You can control how you watch TV and what you watch, what foods you like to cook, the foods you keep in your fridge and your energy consumption over time. According to this routine, you may be able to analyze your daily routine habits and schedule and make adjustments to live the life you want.
Capital Smart City Islamabad – Project Details, Location & Plot Prices
Capital Smart City is a new mega housing project situated on Motorway M-2 Islamabad sponsored by Future Development Holdings (pvt) Ltd. in association with Surbana Jurong, Singapore. It is a unique housing concept in Pakistan which aims to bring housing development standards at par with the modern world. High-end development infrastructure coupled with modern technologies makes a city smart, hence we call it “Capital Smart City”.
Read Also: Capital Smart City Launches Low Cost Plots & Apartments in Harmony Park Block
Capital Smart City is one of the biggest housing projects in Islamabad, and the first in Pakistan to introduce “Smart City Features”. It has been launched officially on October 6, 2019. Development work is currently in progress at a rapid pace allowing early possessions of a few residential sectors in its “Overseas & Executive Blocks”.
FDHL & HRL
FDHL is an international consortium of big development companies, which is a well-known and reputable name in the industry of housing and construction with an illustrious history spanning over 6 decades. Besides HRL’s expertise in mega infrastructure projects, i.e. Motorways, Dams, Power Plants, Highways and Airports; it has developed quality housing projects like Bahria Town and DHA. It has already delivered its own housing projects by the name of “Royal Orchard” in Multan, Sargodha and Sahiwal.
HRL has deployed the best of its professional expertise and resources in planning and development of this first ever smart city housing project in Pakistan. A number of international urban planning & design consultants have also been taken on board in order to carve out exemplary town planning in Capital Smart City. Some of the local and international consultants include Surbana Jurong, Cracknell, Harradine Golf, Troon Golf, DSA Architects, Arquivio Architects, AIP Studioworks, and Designmen.
What is a Smart City?
As the tagline goes “Smart is the way to live today”, Capital Smart City is an important harbinger of a revolution in the real estate industry of Pakistan. We have come a long way from the era of standard towns and gated communities which have cropped up across the country over the past 2 decades.
Today is the age of technology, hence deploying modern technologies and IT infrastructure for efficient and effective public services is what a “Smart City” is all about.
NOC and Legal Status
Capital Smart City is a legitimate & approved housing project. It has obtained initial and revised NOCs from RDA. The society is planned over an area of 55000 kanals of land, while ample land has been appropriated for future extensions in order to actualize the concept of a Smart City.
Initially, the development work has started over an area of about 15000 kanals of land. The development scope will keep expanding over time so soon as initial blocks are delivered and building construction work begins. FDHL has already acquired more than 80% of the total required land, while more land is being purchased for future extensions.
Read Also: DHA Smart City: Rumors or The Reality?
Capital Smart City is essentially an eco-friendly project. Special attention has been given to the preservation of the natural beauty of this verdant terrain, and multiple areas have been earmarked for parks, nurseries and plantations. Additionally, sophisticated technologies are being deployed for automated disposal of refuse, especially hazardous one, and treatment of sewerage water in order to curb pollution.
It is planned on the principles of self-sustainability keeping in view the projected influx of population in Rawalpindi & Islamabad over time. Smart technologies will help maintain sanitary environment by keeping a check on air & water pollution and reducing emission of carbon (CO2) and methane (CH4).
Capital Smart City is ideally located close to Thalian Interchange at about 9.2 KM distance from Motorway M-2 Toll Plaza. It falls in Mouza Chauhan and Mouza Mandwal with about 6 KM stretch of land facing the motorway.
Society is planned with a futuristic vision. The land is fertile with ample reservoirs of water in the form of Chauhan Dam, hence the availability of natural resources and planned connectivity to major road networks is driving people’s attention towards this suburban area of Rawalpindi.
Currently, the society has access from Chakri Road, while 2nd access will be from its dedicated interchange on Motorway M-2. Once the Rawalpindi Ring Road project is completed, it will be directly connected to GT road via Ring Road with easy access to all parts of Islamabad and Rawalpindi.
Following is the location map of Capital Smart City Islamabad:
New Islamabad International Airport, coupled with CPEC western route, is going to drive the future of developments in Islamabad. Therefore, the location of Capital Smart City is of vital importance.
Once the connectivity issue is resolved, a major chunk of the population and businesses will rush towards this newly developing commercial zone along the motorway. Direct access through Motorway M-2 Interchange will make it much easier for the residents to travel to New Islamabad Airport, as well as Islamabad City through Kashmir Highway Interchange.
Since this area is going to be the future hub of residential and commercial activities in Islamabad and Rawalpindi, a host of housing projects have emerged over the past couple of years. Close-by housing schemes include Al-Haram City, CBR Town Phase 2, PIA Enclave, Bin Alam City, Blue World City and FGEHF Thalian Housing Scheme.
The Master Plan
Capital Smart City’s master plan is meticulously designed by a Singaporean government-owned urban planner “Surbana Jurong“, which is renowned for designing smart cities across the World. The consulting companies include Future Developments Holdings Pvt. Ltd. and Engineering Dimensions Ltd.
The master plan map of Capital Smart City is attached below:
The master plan can be divided into several districts with respect to planned activities including education, health care, recreation, residence, and business. We will share detailed information on planned features of Capital Smart City in the appropriate section of this page.
As you can see on the master plan map given above, there are several blocks dedicated for residential, commercial and recreational purposes. There are over 45000 dwelling units planned in the society that will house over 360,000 people.
Maximum distance to public facilities in each block is approximately 500 meters. This mega development will create over 200,000 employment opportunities including over 90,000 IT related jobs to bolster the economy.
You can go through the brief description of each District of Capital Smart City below:
This is a dedicated area for mixed use residential, commercial and recreational activities. It will have shopping malls, offices, restaurants and retail business.
Health Care District
Quality health care services are of paramount importance in Capital Smart City. Be it a hospital, clinic, laboratory or any other health care services, the society has a dedicated district for such activities.
A big name “Agha Khan University Hospital” is rumored to have been in negotiations with FDHL to open up a branch in Capital Smart City, so it is a important place.
This area is specifically reserved for logistics warehouses, cold storage warehouses, logistics corporate offices, exhibition halls, technology parks, 3 star hotels, and restaurants.
This area is reserved for educational activities. National Defence University has already signed agreement to open up its branch. Although each residential block will have its own local schools and institutions, yet this district is solely meant for this purpose.
More quality schools, colleges, medical colleges, universities, libraries and vocational institutions will be established in this particular district.
Financial square is the major corporate business hub of Capital Smart City. All the banks will be established in this dedicated area. It will also have Financial Square Gate Offices, Conference/Exhibition Halls, Restaurants, 5 Star Boutique Hotels and Residential Apartments.
It is a mixed use commercial and retail activity area. It will have crystal water lake with floating village. Other features include Shopping Malls, 3D Cinemas, Concert Arena, Music & Dancing Fountain, Lake Walk, 4 Star Hotels, Restaurants, Offices and Residential Apartments.
This area is designed for leisure and entertainment activities. It will have street food truck park, birds park, theme park and restaurants.
This is a residential area comprising residential plots and villas meant for native resident Pakistanis. It will have dedicated spaces reserved for Masjid, family parks, and small commercial markets for grocery stores, food shops, etc. It will also have health care and education facilities within the block. Executive Block will be ready for possessions by mid 2020.
This is a residential block comprising residential plots and villas meant for Overseas Pakistanis. It will have its own commercial markets, Masjids, family parks, school and health care facilities. Overseas District 1 is the first area in Capital Smart City to be developed and handed over by first quarter of 2020, while Overseas District 2 will be developed subsequently and delivered by 2022.
Quite recently, a low-cost residential block named “Harmony Park” has been launched which offers 3.5 marla residential plots and standard one bed and two bed villa apartments on flexible installment plans. This block lies next to Executive block, and it will be accessible through Gate No.2 of Capital Smart City, i.e. Ex-National Garden Housing Scheme, on Chakri Road.
All residential and commercial amenities including parks, commercial areas, masjid, school and entertainment areas will be developed for the residents of Harmony Park. Master plan of this block is currently being prepared, and development is starting soon. Capital Smart City Harmony Park Block will be ready for living by 2023.
Capital Hills a special block dedicated for golf loving community. It will have an 18 hole golf course designed by Harradine Golf, and a Golf Club managed by Troon Golf. Cracknell is the planning consultant of Capital Hills.
Capital Hills is planned to have residential plots, luxury villas and apartments. Other amenities include Golf Club, Swimming Pool, Gymnasium, Sports Facilities and Restaurants etc.
Features and Amenities
Capital Smart City offers a comprehensive and integrated set of facilities and amenities to its residents. A whole range of facilities are planned in different parts and districts of the society including transportation services, seamless connectivity, sporting facilities, community buildings and smart city facilities.
We have briefly described below each of the exclusive features of Capital Smart City:
Capital Smart City has planned a comprehensive Bus Rapid Transport service for easy commutation of its residents. A separate lane will be dedicated for BRT that will pass through all parts of the society and across. It will have dedicated BRT Stations and it will commute between Islamabad and Capital Smart City.
Capital Smart City is a gated community, so it will have two main entrances. First one on Chakri Road, and 2nd one on Motorway M-2. The society will be secured by a boundary wall against intrusions.
It will have its own dedicated interchange on Motorway M-2, which is already approved by FWO and construction work will start from June 2020. Smart street lights will be installed on each road and street. Separate cycling and running tracks will be built along the roads.
Central Boulevard of the society will be 400 feet wide and it will have 18 lanes. Internal roads will be 150 ft, 120 feet, 100 feet, 80 feet and 60 feet wide. Streets will be minimum 40 feet wide. All roads and streets are well integrated in a systematic way, so that traffic flow will be uninterrupted.
The society will have approximately 40% open spaces for landscaping and gardening. A number of small and large family parks will be built across the society.
Different types of gardens will be developed including Flower Gardens, Linear Gardens and Heritage Gardens.
Each sector will have its sector Mosque for prayers and religious rituals. A grand jamia Masjid will also be built in the society for grand congregations.
There is a number of urban utilities which are inherently planned in Capital Smart City, which includes:
- Grid Stations
- Solar Parks
- Potable Water Treatment Plants
- Sewerage Treatment Plants
- Irrigation System
- Solid Waste Management System
- Security Control
- Fire Fighting System
- Police Station
It is the society office area planned in Capital Smart City. It will have sales gallery, restaurant and facility management services.
Smart City Features
Capital Smart City is a revolution in the real estate industry of Pakistan. It is introducing an unconventional urban development model that will turn around the concept of housing development in Pakistan. All the modern cities in the World like Singapore and Dubai have worked up a smart management system using modern technologies to improve the efficiency of public services.
Smart technologies will help the management of Capital Smart City to take control of the a number of things, such as environment, security and public services. The society will be able to monitor the quantity of Carbon in the air, and devise ways to decrease carbon emission to ensure a salubrious environment for the residents.
Special sensors and face recognition cameras will be installed at major points of the society to ensure safety and security of the residents. Certain areas/blocks will be accessible through fingerprint/card scans or facial recognition cameras only, so you can make sure that your security will be of paramount importance in Capital Smart City.
Capital Smart City plans to implement an integrated IT infrastructure to record and maintain an online database of activities within the community. Whether it be the schedule of public transport, or the schedule of events at the community club, the society will maintain up-to-date online record of all activities.
Most of the public services in Capital Smart City will be automated which include automated garbage collection & disposal, automated utilities supply, load-shedding free environment, automated traffic control system, CCTV with facial and object recognition, free WiFi zones, automated street lights and much more.
You can find more information on the project features and planned amenities in the brochure attached below:
Capital Smart City Brochure
Apart from the intrinsic features of Capital Smart City, it also aims to bring international investors and businesses to Pakistan in order to provide quality services and generate employment. During the initial days of its journey, some recognized institutions have signed agreements with FDHL to open up their branches in Capital Smart City, while more will be coming over time.
MOVENPICK Hotels & Resorts
Capital Smart City has begun to attract major investors and institutions, and a few have inked agreements with FDHL to open up their businesses and campuses in the society. Recently Mövenpick Hotels & Resorts has signed agreement with the society to open up a grand hotel that will be completed by 2023.
Harradine Golf has been given the task to design an 18 hole golf course in the Capital Hills Block. The work on the Golf Course project has already started. The urban planning of the Capital Hills has been undertaken by Cracknell.
Read Also: Capital Smart City Latest News and Development Updates
National Defence University
FDHL marked another major achievement when National Defence University (NDU) inked an agreement with HRL to open up an international university campus at Capital Smart City. The site for the university has already been finalized, while construction work will start in a couple of months.
FREIJ Entertainment International
FREIJ International is a globally renowned traveling operator of amusement parks and rides currently operating in 26 countries. The company has a long history of operating amusement activities, i.e. funfairs, carnival rides, skill games, traveling international circuses and much more.
FREIJ Entertainment International CEO Mr. Freij El Zein has signed an agreement with FDHL in October 2019 to establish first of its kind amusement park in Capital Smart City.
Trivelles Smart Homes
Trivelles International, a renowned real estate developer from UK, has launched its exclusive residential project “Trivelles Lake Boulevard” offering smart homes in Overseas Block. The company plans to launch more projects in future including commercial high-rise buildings, and residential apartments.
Capital Smart City Villas
FDHL has also launched a limited number of Smart Villas in Overseas and Executive Blocks. Ground breaking of villas has already been done, and construction contract has been awarded to Shangrila Hotels & Resorts
HRL started development work in June 2018, and the fleet and crew kept increasing over time. Currently, more than 400 vehicles are actively working at different sections of Capital Smart City, mostly in Overseas and Executive Blocks.
Read Also: Capital Smart City Development and Price Update October 2019
Overseas District 1 is the first area to be developed and handed over. There are 5 residential blocks in OS District 1, i.e. A to E blocks. Similarly, there are 4 residential blocks in Executive area, where development work is currently in progress.
Following are some latest development images of Capital Smart City:
If you look at the development progress, you might not be surprised to know that possessions are starting from the first quarter of 2020. Overseas block and Executive block will be the first to be developed and handed over, while general block and farm houses will follow soon thereafter.
Plot Prices and Payment Schedule
Capital Smart City offers a variety of options including residential plots, commercial plots, luxury villas and farm houses. Currently, the society is offering 5 marla, 7 marla, 10 marla, 12 marla, 1 kanal and 2 kanal residential plots and smart villas, 4 kanal and 8 kanal farmhouses, and 4 marla and 8 marla commercial plots on 3 years flexible installment plan.
Capital Smart City plot prices are comparatively a bit higher than adjacent housing schemes, and yet there is gradual increase in official prices periodically. The reasons behind higher prices are the revolutionary smart features and the shining track record of HRL, which encourage investors to put their trust in the project.
Following are the prices and payment plans of 4 kanal and 8 kanal farm houses:
|Plot Size||Booking||Confirmation||Installments x 12 Qtrs||Total Price|
Following are the prices and payment plan of 5 marla, 7 marla, 10 marla, 12 marla, 1 kanal and 2 kanal residential plots:
|Plot Size||Booking||Confirmation||Installments x 12 Qtrs||Total Price|
Following are the prices and payment plan of 4 marla and 8 marla commercial plots:
|Plot Size||Booking||Confirmation||Installments x 12 Qtrs||Total Price|
Please note that commercial plots have limited availability on fresh booking. If you want to buy old booking of commercial plot, you will need to pay good profit along with 20% down payment and few installments at the time of purchase.
Please note that residential and commercial plot prices are exclusive of development charges. Estimated development charges are 1 lac per marla for residential plots and 5 lacs per marla for commercial plots.
10% discount is applicable if you pay full amount at the time of booking, and 5% discount is applicable if you pay 50% amount. There are very limited options available for booking, so you should make your decision fast if you want to avail this opportunity.
Watch the detailed video presentation of Capital Smart City Islamabad:
Watch this amazing video of the Success Story of Capital Smart City which entails different development milestones achieved overtime by FDH:
If you want to book a residential or commercial plot or farmhouse in Capital Smart City Islamabad, please follow the procedure given below:
- Pay order of 10% down payment in favor of “Future Developments Holdings (Pvt) Ltd.
- Download, print and fill out this Application Form
- Attach 3 passport size photographs of the applicant
- Attach CNIC/NICOP copy of applicant and next of kin (nominee)
- Submit your form, documents and pay order to us to confirm your booking.
- Your file will be ready within 30 days and dispatched to your address.
Transfer fees for commercial and residential land
Capital Development Authority has prescribed tariffs for the transfer fee of commercial and residential plots. The information on the rates is given below.
- In the case of the residential plot, the prescribed rate is set at Rs.250 / per sq. Km. Id.
- The rate for model villages is Rs.150 / per sq. yd.
- In the case of family transfer of residential plots, the rate is set at Rs.5000 per square id.
- In the case of family transfer of a business plot, the tax prescribed by CDA is Rs. 10,000.
Purchase Property in Pakistan allowed for Overseas Pakistani 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.
Investing in Real Estate: 9 Simple Techniques
People who invest in real estate, some of earn millions of profits, and they have a strategy on how to succeed because real estate investing can be others that have not been successful and have lost their large investments, which results in big losses for them. There is a difference between the two groups. that is, the technique they performed.
- In-depth analysis of real estate industry.
- Capital Investment Groups
- Decision to invest in rental property
- Investment Trusts
- Real estate trading
- Make a smart investment
- Rent to own real estate
- Real estate hypothesis
1- In-depth analysis of real estate
The things you learn from this eBook are that you will never succeed real estate investor without being an in-depth analysis or research aspect of the industry. You need to collect the research material that helps you in every step of the way. If a seller approaches you, you need to have enough information about real estate sector. When a person sells their property through the real estate agent, they will have confidence in a buyer that they have knowledge around the industry. The seller has encountered many uncertainties, so your presence is hope for him and if you also appear unknowable before him, they will not have faith in you. A number of opportunities you have to create or present a good reputation at a vendor if you clearly guide him through the entire process. Build your confidence with an experienced background. This makes you more credible in the eyes of a salesperson. Keep it straight to the point so the seller never loses interest. You can inform through your offers to the seller, telling them the possibilities why this deal will be useful to them. Make sure the letter is not about you about them. If your buyer contacts you looking for help, you need to give them enough help. At that time you are lying and lacking their expectations, you will not be able to get the property. Give him a revival that you have completely done your research and are ready to guide them whenever possible.
2- Capital Investment Groups
Think of being a master that you put in a lot of effort. It has its advantage, but unfortunately, someone gets involved. People who want to ignore this boost have a chance to join and be a member of an investment group. When the companies buy the real estate and offer them the investors to buy parts of the real estate. In this situation, you need to spend a lot of time as a landlord focusing on your financing and making sure the property is well maintained. The company does this for you. In return, you have to pay a certain percentage of the rent you make each month. An investment group still manages to raise enough capital to earn a profit and pay off the property.
3- Decision to invest in rental real estate
One real estate financing strategy is investing in real estate leasing. Just find nice local properties and then rent them out so that you can charge a good rent that will help you cover all the expenses of the property. This is one of the most common adoption techniques that investors can use. Keep in mind that a landlord allows you to profit and have a stable cash flow. However, rent can also free you from the burden of loan repayments and pay off your mortgage payments as well. You have an assurance that you are welcome. A bad resident may not be able to pay. They can also be a risky person for your property if they damage your property by which you lose the real value of the property and have invested more money to repair it. This is a major risk of this investment method. In this kind of financing, you must first mentally prepare yourself to invest in this kind of real estate. Make sure you have to contact your tenants and complete a check with your property. Some people are uncomfortable and feel uncomfortable with your action, but it is still necessary.
4- Investment Trusts
In this case, it is mainly a matter of trading real estate as well as a stock exchange. The trust is to make the investors finance a purchase of real estate. When the price goes up, the trust will then sell the property on behalf of investors. If an investor needs quick money, they easily sell their assets through the trust. Financiers invest in both Residential and Commercial real estate.
5- Real estate trading
The technique that has worked for some financiers is business. The process is that you buy the property and then sell it with a profit, but for the most part a merchant buys very cheaply. Then they fix it to make it more profitable, then they sell it after only a few months and earn a profit. In real estate, this technique is called flipping property. However, some investors simply depend on their negotiation skills. They negotiate and buy real estate at a very good rate using this technique when they sell to get a higher fee and have sold their property. These investors are not even trying to increase the value of the property. They just sold it as well, they bought it.
6- Rent-to-own property investment
This arrangement is a kind of place where a resident makes rents with the expectation of owning the property after a certain period. This is an approach that many funds have adopted because it gives them a profit that allows them to pay higher rents. The investment risk causes tenants to rent before fulfilling the balance due and risk of being left with vacancies if you do not rent your property immediately.
People who have lived in a region where there is a university should consider this possibility. You generate more money than most rental properties and houses because every single room of the house earns a given amount of money. The place for such houses works even in an area that is not close to glue mosaics, like places where a lot of tourism. There is also a risk in this investment. Think that if your tenants are college students, it’s a great opportunity to spend a lot of money on repairs. Therefore, to avoid these problems, you can get a caregiver to help observe the property.
8- Real estate hypothesis
In relation to investing in real estate, there is action planning called a hypothesis. That means you buy a property when demand is low, then wait until they are higher and sell them. You can maximize a few dwellings to get your property. As with all hypotheses, however, there is no guarantee a market may not perform as well as you assume. So this will help you wait for your investment longer. You may even sell them at a lower price.
9- Make a smart investment
Many non-identical properties will come to market after the passage of time. Therefore, all this will not offer good financial opportunities. You need to be able to decide when to invest or when not to invest in real estate. You always need to stay up to date always. Stay connected in those local resources to help you know the availability of new real estate. This will help you exploit the best opportunities. Give opportunities on many properties in which you invest. For this, you can make an effective decision based on the investment aspect in real estate.
MRA March 2021 DHA Lahore Real Estate Analysis
Current Market Condition
The extension of real estate packages has helped real estate. Therefore, prices have risen to 10% in some areas like DHA Lahore Phase 7 and other areas are also not lagging behind. Phase 8 and Phase 6 closely follow Phase 7 with prices of a 40 to 45% increase from June 2020. Possession plots have taken the lead over non-owned regions this time around.
There are also rumors of possession of Prism Phase 9 in selected blocks in the coming months. These rumors were the main reason for higher prices in 9 Prism.
The market is clearly growing and will continue to trend upwards after corrections. However, we need to look closely at the market on some Government policies, such as a construction aid plan that will end in June 2021. In addition, there are other factors like FATF policies and taxes in the 21-22 budget that may stop this upward trend . .
Traders so far have not earned much and have only shown an increase of 10 to 20%. This is unlikely to change any time soon, as housing remains the investment choice for many due to low price brackets.
DHA Phase 1 to 5
If you’re looking for investments in plots, these Phases don’t offer much. Business investments with a possibility of rental returns seem to be the best investment in these areas.
An investment opportunity exists in commercials and apartments of Goldcrest Mall. Mall was sold with a 6% local guarantee in the second half of 2020 and now some options are for sale. As of today it is the best rental option available in DHA Lahore and is expected to give you 100% capital gains in 5 years along with over 50% increased rent over the same period.
Now that the Mall is operational and partial ownership of housing is expected soon. We will see a solid increase in the prices of these apartments raising them anywhere between 22000 and 24000 per sq. Km.
Phase 5 M block will remain stable.
DHA Lahore Phase 6 tends to make some corrections as such, however, we can see reduced commercial performance.
The surprise last month was Defense Raya, where the prize almost doubled after a few days. I see it as a clear sign of market manipulation by the big fish and it is best to stay away. Even if prices stabilize now it is no longer an investment opportunity as we have not yet seen the rental potential of this area.
MB commercials provide the best rental revenue percentage in DHA Lahore among all other commercial areas. In my opinion, if you have the resources, this is the best investment in DHA Lahore right now.
a. You can safely invest/buy residential plots in DHA Lahore phase 6 to build your home or general investment.
b. You can purchase a promotional video at Main MB for rental income.
approx. Stay away from Defense Raya Commercial.
Housing in DHA Lahore Phase 7 has outstandingly performed and grown from 45 to 50% since June 2020. Hope it will yield another substantial increase is sincerely impossible. Our strategy is to wait for a correction now. Unless you urgently want to build a house, I see no harm.
Although I don’t really like ads in Phase 7, it doesn’t change the fact that they are lowest. If you are willing to be patient, it could be considered a decent choice for rent generation.
a. It is a good option for a short sale and to create your own house.
b. Long-term holding of a business plot for future rentals may work for some people.
Residential plots of DHA Lahore Phase 8 Proper also scored up to 40%. In my opinion it was and still is a safer bet, as I expect it to be more stable than Phase 7 in the future. Even if you’re not looking for short-term gains, Phase 8 itself is certainly the strongest candidate for long-term performance
Broadway commercial One of the best business investments you can make today, in the long run. The price here has grown by 20% since June 2020. I see a broad path as a stable trading zone that will slowly add capital gains along with consistent lull income. Building Shopping Centers in various phases of DHA Lahore may be one of the reasons we are seeing lower growth in some commercials including Broadway commercials.
Ex-park view of Phase 8 is a very good choice for residential buyers, especially for 2 channel category.
4 Marla commercial files from Ex Park View The file has been trading at around 25 Million marks for some time and electoral rumors are in the air. It is best to wait and invest in it at lower prices.
Z Green ivy there is no place you would want to go in these times of uncertainty.
a. We recommend buying residential land for investing or building houses.
b. Buy 4 files Marla Shivpur or Malikpur in Phase 8 Ex Park View at lower prices.
approx. Buy 4 merchandise Marla between 400 to 500 lacquers and 8 Marla between 800 and 1000 lacquers in good Broadway locations for rent.
DHA Phase 9 City
9 City recently saw some traction in February 2020 and it looks like it could perform better in March and April. I expect an increase of 10 to 20% at the maximum in joint months.
a. It is best if you want to build your house.
DHA Phase 9 Prism
Prices at 9 Prism have gained some 30 to 40% depending on the location. In any case, the upward trend in Phase 9 Prism is not related to amnesty. This may take some time even after the end of amnesty.
DHA has so far not announced any news and even our terrestrial survey suggests that it is not ready to own it in such a short time. I will post a development video update of 9 Prism soon.
a. This is a great time to exit and you can re-enter correction.
Free area, for now, best to invest in developed areas of DHA Lahore. However, if you have a long-term goal of 7 to 10 years, you can look at it.
a. Rather wait a bit.
DHA-Phase 11 Rahber
The prices in Phase 2 ext or DHA Rahber sector 4, which voted in 2019, are still quite attractive for investments. Although a non-owned area, yet low prices make it an attractive investment for next 2 to 3 years.
a. The residential area can now also give a very good return after 2 to 3 years if we buy at lower prices.
Pakistan grabbed 75th rank on the Global Real Estate Transparency Index
We have not just said that all progressive news for Pakistan is due to the next government. Even after the end of the former government, something happened that can only be called an incredible consideration of the action and all the repercussions of the Sharif government of an international organization on transparency.
In the recently announced Global Real Estate Transparency Index, Pakistan moved to the 75th place with the score of 3.99. In the time of past rule, Pakistan was on its worst place even behind the antagonist India and another neighboring country Iran. Against Pakistan’s growth in the rank which is 15 places, both the overhead countries have only increased their rank by one place with the score of 2.71. Unexpectedly, two countries that stood out in the news mostly in all corruption interrogations, Saudi Arabia and Pakistan, raised their rank. Economists also argue that this admirable progress may also be due to the regulatory institutions, front-end data collection, international market share, and publications of government bodies.
However the real estate has yielded remarkable performance behind this astonishing growth of Pakistan in the index. This sector has shown great progress along with the reforms, and different economic initiatives have become the main famous catalysts of this increase of the place. In addition, the tax amnesty program has also become the reason for improvement in the rankings. The most fascinating reviews of this increase have been made by officials of incoming government. They acknowledge that Pakistan is doing nothing to overcome corruption, but the other countries have performed poorly in recent years.
To help you find out what happened, after parts on which the Global Real Estate Sector Transparency creates its index. The organization measures the action and their efforts to remove those laws that encourage the corrupt elements. Market fundamentals and the dominance of a registered vehicle. Legal transaction process and sustainable developments are the factors that help any government improve its ranking.
Procedure for obtaining a property report
What is the procedure for obtaining a Capital Development Authority (CDA) property report?
A candidate will be sent first. This will require a certified copy of the candidate’s ID and also a certified copy of the grant letter. The processing fee will be Rs.500, which must be paid in case of a salary order.