FBR Amnesty for Real Estate Investment
Available Options under Amnesty
Those who are owners or buyers of a building, or own a unit in a building, may avail themselves of the current amnesty in respect of the purchase price of a building or unit under the following conditions:
For New Projects registered with FBR under Section 100D of the Income Tax Ordinance, 2001:
A person wishing to take advantage of the amnesty must make a full payment through the banking channel (cross-bank instrument only) for the projects registered with FBR from the initial date of the project until 31.st March 2023.
For Existing Projects affiliated with FBR under Section 100D of the Income Tax Ordinance, 2001
For existing projects registered with FBR, full or balanced payment must be paid through the banking channel (Cross Bank instrument only) from the initial registration date until 31.st March 2023.
Prior to taking advantage of the amnesty, FBR made it mandatory for the buyer to register with the regulatory authority. The registration process is as follows:
- Log in to FBR’s IRIS portal
- Click the registration tab and select the buyer’s option. A registration form will appear.
- At the far right, click on the ‘+’ icon and an information box will appear on the screen.
- Enter the details of an Existing / New project including the name and NTN of the project
- Enter the purchase price, transfer date and location
- Again, click the ‘+’ sign in the far right
- Next, enter the details related to the payment instrument
- Click ‘Next’ and do not enter any data. Continue by clicking ‘Next’.
- In the next step, an add-on tab will open and click on the ‘+’ sign.
- Attach all relevant documents (FBR rates of the relevant area, Map Approval, Delivery / Agreement for Sale)
- Click Finish
- Go to Control Tab, enter PIN and confirm.
- Click ‘Submit’ and the registration process will be complete.
- According to the FBR, money invested and derived from the commission of criminal offenses including Terrible Finance, Money Laundering, and Blackmail will lead to the buyer’s disqualification from utilizing the amnesty scheme.
- However, money not derived from the commission of criminal offenses, and not declared under the Income Tax Ordinance, 2001 may be invested, is exempt and enjoys immunity from Section 111.
Things You Need to Know About Mortgage Housing in Pakistan
Pakistan has been one of the most difficult countries to secure a home loan. Very few banks offer and eagerly market mortgages, and those that do often have tedious and daunting conditions. As a result, home mortgages in Pakistan have historically been as low as the equivalent of just 0.3 percent of the country’s total gross domestic product (GDP).
However, this figure has started to improve gradually due to the initiatives of the ruling government aimed at moderating the access of Pakistanis to home ownership. The government of Pakistan has launched an ambitious push to build 5 million affordable homes under the Naya Pakistan Housing Scheme and consequently relaxed various bank rules governing mortgages, making it more convenient for poor families to secure home loans.
What is a mortgage?
The term mortgage originates from the financial system of lending. It is a typical loan that is used to buy or keep a home, land or other types of real estate. In mortgage financing, the borrower unconditionally agrees to pay the lender over time, normally in a series of consequential payments that are secured to form a figure higher than the original amount of the loan. The property itself serves as collateral to secure the loan.
A borrower must apply for a mortgage loan through one of the trusted lenders, ensuring that the necessary conditions and requirements are fully met including minimum credit scores and down payments. Mortgage applications are passed through a rigorous insurance and review process before they are approved. La types of mortgage loans vary according to the needs of the borrower, for example, conventional and variable loans. However, in countries like Pakistan, mortgage financing is restructured in the light of various principles in line with the banking system and economic dynamics of the country.
How mortgages work
Individuals and businesses around the world are using the mortgage finance model for to buy real estate without having to pay the full purchase price in advance. The borrower repays the obtained mortgage loan with an additional amount for a defined period of time in a series of regular payments until they to own the property free, clear and by all legal means. Mortgages are also known as property claims or foreclosures against the property. If the borrower fails to pay or fails to pay the mortgage, the lender has the right to foreclose on the property.
The Mortgage Process: How to Apply for a Mortgage?
Home mortgage lenders begin the process by submitting an official application to one or more mortgage lenders. The lender requests proof that the borrower is quite capable of repaying the loan. This index may include bank statements, the most recent tax returns, and proof of current employment. The lender will also do a mandatory credit check.
If your required credentials are complete in all respects, and therefore acceptable, the application is approved. The lender will proceed by offering the required amount of loan at a certain interest rate. However, the fixed interest rate is a reason why many people in Muslim countries strongly oppose the acquisition of bank loans. Alternatives to interest, like other financial models, still lead to convincing people.
If the question in your mind is how I am pre-approved for a home loan, then the answer is simple. Homeowners can also choose to apply for a mortgage after choosing the property they are looking to buy or while they are still. in the hunt for the right property, this process is known as pre-approval. Being pre-approved for a mortgage can enable buyers to keep a margin in a demand-sensitive housing market where sellers need a full guarantee whether the buyer will have the money to back up their offer.
Once a buyer and seller agree on the terms of their property, they or theirs real estate agents meet at what is called closing. This is the meeting where the down payment is made by the homebuyer or on his behalf to the lender. Once the down payment has been received, the contract stating all the terms is signed and the seller agrees to transfer ownership of the property to the buyer and receive the mutually agreed amount of money. Therefore, the buyer signs any other mortgage documents as needed.
Purposes and types of mortgage loan
A mortgage loan is obtained by borrowers for multiple purposes; however, all of the mortgage loan applications fall within the real estate sector. These loans serve as an aid to buying property. Some of the most common mortgage types and types include:
New home construction
This type of mortgage loan is extended to people who already own a piece of land and need financial support to cover the cost of building a mortgage. house on that earth. The disbursement of this type of mortgage is made in installments during the construction phase by appraisal of the Invoice Amounts (BOQs) submitted by the mortgage applicant duly audited by an approved appraisal agency authorized by the bank.
Purchase of land and construction
This form of loan is given to the customers who are looking for to buy land with the aim of building a house on that land. The disbursement of a certain amount of this loan is made on the purchase of the plot by the customer, and then the rest of the amount is released in installments during the construction phase by estimating the Invoice Amounts (BOQs) submitted by the mortgage applicant. duly audited by an approved rating agency authorized by the bank.
As its name suggests, this type of mortgage loan is obtained for buying a house that is already built. This can either be a pre-owned house or in the other case a newly built one.
This mortgage loan is extended to those who already own the home ownership, and needs funding for renovation. The disbursement of this loan is made in two installments after the borrower has provided BOQs duly audited and authenticated by an approved rating agency authorized by the bank.
Home mortgage in Pakistan
A recent study by the Pakistan Housing Finance revealed the fact that there is a healthy demand for a home mortgage loan in pakistan driven by the upper-middle class families in various cities of the country. The report studied 26 Pakistani cities and found that with the right products, systems, financing and less stringent conditions, lenders could possibly have around 500,000 new borrowers. The study set the probative value of the mortgage market at about $ 4 billion with growing inflows into the country’s financial system driven by favorable government incentives.
Various institutions in Pakistan offer mortgage loans. If you are wondering how to apply for a mortgage loan, all you have to do is trust the information on this blog and visit any of the banks that offer mortgage loan in Pakistan. Some reliable banks that offer decent mortgage products with unbiased terms are Bank Al-Habib, National Bank of Pakistan, Standard Chartered, Askari Bank and more. Some other forums where you can get reliable information about mortgage loan in Pakistan include:
Pakistan Mortgage Refinancing Company (PMRC)
PMRC is a Mortgage Liquidation Facility established by the State Bank of Pakistan to address the long-term financing limit in the banking sector and to promote housing finance to the fullest. PMRC serves as an assured source of long-term funding at competitive rates. You can visit the PMRC website to learn more about mortgage financing.
Home Construction Finance Company (HBFC)
Established in 1952, HBFC is the only housing finance institution in Pakistan set up by the Government of Pakistan. Its services are focused on providing funding for the housing needs of lower and middle income citizens. HBFC serves through its deep-rooted and national footprint of 51 Branches serving citizens across the country.
Real estate mortgage loan in Pakistan has never been a popular choice historically. This is because Islam strongly prohibits both borrowing and lending money in exchange for interest, which means that borrowers end up paying a much higher amount against the figure actually acquired. Therefore, the majority of Muslims prefer to avoid typical mortgages when buying property. Instead, they go for alternatives like rent or rented houses.
However, in recent times, with government initiatives and incentives aimed at helping the lower middle class buy a home of their own, we have seen a significant increase in the number of mortgage loans obtained during the ongoing financial year.
Build a house with a limited budget
Owning a home is often viewed as a dream. It happens to many people that the construction of theirs dream home exceeds their budget limits. In other words; it’s not in your power to build now everything you’d like your new home to have. However, this dream can be easily achieved with dedication and long-term planning.
There are many materials or construction techniques that are less expensive and can lower the budget by a few zeros. These tips and tricks can save you money while building a house in Pakistan. Therefore, it is safe to say that building a house with a limited budget is possible.
In this blog, we bring you a selection of tips and tricks that you can use to lower the overall costs of your house.
Before starting with the purchases, it is necessary to have a detailed calculation of the required materials and the exact quantities. This is important to avoid buying more: this involves a higher cost because there is no possibility to negotiate a reasonable price for a quantity.
Al save money when building a house, you need to be properly informed. Only then will you know what to expect and be able to better manage your resources. Don’t go payment about hiring without knowing exactly what you want; this will only make you lose money.
Ideally, you should dedicate yourself to researching the professionals who carry out this type of project, their work history, what tasks they perform or what their main duties are. It is also necessary to find out their professional fees to deal with various options, compare prices and ultimately make better decisions.
One of the biggest secrets we can share with you is to save while building a house is that you work only with honest, trained and experienced professionals. If you don’t, you’ll most likely end up dealing with construction errors that will cost you a lot of money in the long run.
Honest professionals (from architect to builder) will focus on helping you and avoiding waste your resources. This means that they will not be with you out of sheer financial interest, as they are sincere, loyal and honest professionals.
Sign a fair contract with the construction company:
If you are determined to save money when you build a house, you need to be clear that the contract with the construction company can have a profound effect on your budget. Construction is responsible for most of your budget as it is usually up to 80% of the total budget in most cases.
There are others residual expenses, such as a geotechnical study. That’s why you need to make sure that you sign a fair agreement with the construction company so that you don’t end up paying more than the bill.
To do this you need to get advice from the architect and the surveyor, which is why they should be independent of the construction company.
It has become one of the most preferred elements to build modern houses. On the one hand, it saves costs by covering the walls with plaster or cement, and on the other hand, they have become one of the essential pieces of the industrial style and even the minimalist, in some cases. In addition, it is a very durable material that does not need maintenance.
Concrete blocks are in vogue and are a great choice to build your house. It is a cheap material made of cement, water, sand; it is highly resistant to any environment. You can create great architectural designs with concrete, including spiral staircases and Roman columns.
Install constant insulation
Renewing insulation every two or three years is a big mistake because it will cost you a lot of money. Therefore, if you want to save by building a house, you should install permanent insulation of the thick work.
For example, the foundation could be covered with special waterproof paint and the walls with polystyrene or fiberglass.
As for the roofs could be covered with wooden or ceramic tiles, which overlap like tiles and which act as excellent insulating and waterproofing agents.
Environmental insulation is ideal for taking care of the environment, but we recommend choosing more affordable materials if you plan to save as much money as possible.
Trying not to put on good insulation to save on the work is typical. In the long run, you will get exactly the opposite of what you are looking for, as you will spend a lot more on air conditioning, in addition to unnecessarily damaging the environment.
Avoid excessive walls and doors.
Excessive wall construction, as well as the extensive installation of doors in your new home, can significantly inflate your budget.
Assess the possibility of hiring an open concept design mainly because you could spend more time at home in the future because of the severe health crisis we are experiencing because of Covid-19.
Avoid enclosed spaces when choosing constructions that offer you a greater sense of spaciousness and freedom. That way, you won’t feel trapped in yours own home, and you will also save good money during the construction phase. Additionally, you will not have to make any reforms in the future that will also be favorable to your finances.
Because this is the most basic and essential part of any construction, experts do not recommend maintaining it. It’s better invest in the desired amount use a perforated foundation, where unique columns are drilled into the ground and then filled with concrete. Then, a monolithic grid is installed above the ground. There is still a minus sign: if the soil has a different density in one place or another, there is a risk of collapse of some pillar. Therefore, soil analysis is done in advance.
There’s another great option – this is a streaked foundation. It has great support area, which makes the foundation more reliable. The base will not crack while it is fully settled, even with a small landing.
Choose affordable and durable materials.
Choosing affordable and durable materials is also a great strategy to save money while building a home.
Be sure to choose the ones that suit the climatic conditions of the place where you will live, to be comfortable all year round in your new home. Bricks and concrete blocks are two great cost choices, and the best part is that they are more affordable than many other building materials. After all, it’s not about offering style, beauty and elegance when you build your home with cheap and durable materials. Keep in mind that you can achieve incredible results if you work hand in hand with high-profile professionals.
It’s a great way get a perfect floor that is decorative and cheap: smoothed concrete. This is completely smooth to a uniform appearance. You can use it in a variety of ways. Mix it with a few tiles for more fun touch. Another alternative is to mix the cement with colored pigments to have a different color. Finally, you can leave it with the base color of the cement to make it look perfect.
So, here are some things to look for when selecting yours to build a house on a limited budget in Pakistan. Read this piece and try to incorporate these tips into tricks to build your house.
If you have any other questions or suggestions, leave a comment in the comments section below, and we’ll get back to you as soon as possible.
Difference Between Buyer’s Market and Seller’s Market
Would you like to buy or sell a home at the best time of the year? Despite the fact that certain seasons may be busier than others, fluctuations in the real estate market are much more affected by supply and demand than by the time of year. Looking at the housing market is one of the most important things to look at and pay attention to whether you are in the market of a buyer or seller in your local area.
Everyone wants the best deal on a new home, but it’s not always easy. After the COVID-19 pandemic, prospective homeowners found it difficult to answer the question, “Why are houses so expensive nowadays?”.
To save on a new home and avoid spending too much on the mortgage, wise homebuyers try to time their purchases around the buyers markets.
When buying a home, it is important to know the difference between the buyer’s markets and the seller’s markets. Let’s find out more with this blog.
What Is A Buying Market?
Buyers ’markets occur when more homes are sold than buyers are available. It means that more homes are listed for sale than there are buyers. A buyer’s market often refers to the state of a market where there is relatively more inventory than demand.
Lower home prices are an indicator of a buyer’s market. A seller’s home will often sell around the list price or even less in the buyer’s market. You can’t raise your asking price much without getting buyers to look at comparable homes offered by other vendors in your neighborhood.
Due to the volume of competition, sellers are at a disadvantage. Many sellers decide to accept a lower selling price instead of waiting for the right buyer to come.
Apparently longer than average time on the market is another sign of the buyer’s market. It’s probably a buyer’s marketplace if the counters aren’t replaced by sold-out signs as you drive through your neighborhood. There is little chance of seeing a bidding war on a house on the market. With so many homes available, buyers are unlikely to spend more than the asking price.
What is a Vendor Market?
During the seller’s market, the number of buyers cancels out the number of available homes on the market or when there are more buyers than available homes. A single property often attracts multiple buyers, resulting in a bidding war. Selling your home in the seller’s marketplace can be a great choice because you can get a higher selling price than your list price, or at least more than your lowest price (the lowest price you’re willing to accept for your home).
Be aware of the seller’s advantage when you buy a home in the seller’s market. The advantage of getting a lower sale price on a property that other buyers are interested in is unlikely if other buyers are also interested.
An offer made by a competing buyer could cost you the opportunity to purchase the property. The seller’s market is sometimes referred to as a tenant market because sometimes prospective buyers have to keep renting until they can raise their down payment and compete with other buyers.
The market for Buyers or Sellers? Find Out With These 4 Tips
The market of a buyer or seller can be determined without being an expert in real estate. The easiest way to tell is usually by looking at current and recently sold listings.
The buyer’s market has the following characteristics
- Home sales are slowing
- The homes are sold for less than the list price
- The domestic price index is declining
- There are many homes available for sale
The seller’s market has the following characteristics
- Houses are selling fast
- The home sells at or above the list price
- The price of homes is rising
- There are not many homes for sale
Some Tips for Buyers
When there is limited housing and many buyers are interested, time is of the essence.
- The seller’s market is a great time to act fast if you find your dream home. Those who are hesitant about a house they want to buy may find that it is no longer available until the time they are ready to negotiate. Getting pre-approved for a loan before you need it will secure financing.
- Make sure you know you’re at a disadvantage before you bid. There is no need to press for specific closing dates, concessions or contingencies in the vendor market. Make sure you focus on what is important to you. Make sure you think twice about terms you want to be written into the contract. Make a full cash offer, if possible. Because cash buyers do not have to deal with financial problems, sellers prefer them.
- Having patience is key when you continue to lose the homes you are interested in. Don’t be discouraged if you continue to lose homes you are interested in. Frustrated buyers end up suffering in the seller market. Many inexperienced bidders engage in supply wars to get the home they want, even if the home is not worth much. That’s not a good idea.
- If you are tired of losing, you may end up making an offer for a home that you would not normally be interested in. Property ownership is an investment and often a 30-year commitment. Don’t get sucked into a cheap house. You’d better wait until the market cools down before you start your home search.
Some Tips for Sellers
To increase interest in your property in the seller’s market, you will need to compete with other sellers.
- Before you market or display your property, make sure your home is clean and organized and in good condition.
- The price of a home tends to rise in the seller’s market, but the price of your home is still relatively helpful. You are more likely to attract buyers if you lower your asking price slightly below the fair market value. It is common for sellers to list their homes slightly below their estimated value to encourage bidding wars.
- Examine offers carefully: In a seller’s market, it is even more important to consider offers carefully. In their search for the highest bid, sellers often ignore the financial strength of the buyer. If buyers say they will pay a certain amount, that doesn’t automatically mean they can get the money. The appraised value of your home cannot be financed beyond that.
- Your last resort should be to accept an unrealistic offer and then have to resell your home when the deal hits. Buyers will have more power during negotiation when your house is on the market longer.
- Make sure that every buyer who requires financing is pre-approved for a loan. When buyers receive pre-approval, their credit and finance are checked, ensuring that they can get a loan for a specific amount. Prerequisite, however, is only an estimate of a buyer’s finances.
- Observe contingencies: Also be aware of offers that include contingencies. In the event that certain conditions are not met, buyers may withdraw from sales contracts, including mortgage contingencies, home sales contingencies, appraisal contingencies and inspection contingencies.
Knowing where the market stands is helpful when buying or selling property. There is less competition for buyers in the buyer’s market when there are many homes available. On the other hand, a seller wants to list his house during the seller’s market when there are fewer properties for sale and a high number of interested buyers.
It is still important to hire a property, regardless of the market conditions in your area. A real estate agent can put you ahead of your competition, regardless of market conditions.
Choosing the right time to buy a home can be a major challenge. In the seller’s marketplace, you will notice that homes disappear almost immediately after being listed. To avoid losing what could be your dream home, you should be pre-approved as soon as possible instead of waiting until the last minute.
List of NOCs required for Project Approval in Jurisdiction of CDA
The construction of any real estate project requires several approvals in the form of a “non-object certificate” (NOC) of the regulatory development body, constituted in accordance with the policies approved by the Federal Government.
The NOCs ensure timely approval of layout and construction plans, issuing necessary NOCs from relevant departments and agencies, and completing allied formalities.
In this regard, Graana.com presents a comprehensive list of all necessary NOCs – published by the Capital Development Authority (CDA) for the approval of projects in the jurisdiction of CDA in Islamabad.
1. Possession Document
‘Border Certificate’ or ‘Shajra’s axis –
Specified map is edited by the ‘Patwari ‘ or ‘Tehsildar ‘ so that the property / project owners give a clear picture of the actual land owned.
“Letter of Assignment” or “Fard” –
A document indicating proof of ownership of a property, primarily necessary for the registration of the property.
Letter or Certificate of Unloading –
A required document is used as a sign of free title or ownership.
2. Pre-Plan Permission (PPP)
A letter reached by CDA’s planning wing seeks to establish whether the scale and nature of proposed development would be acceptable to the local planning authority.
3. Approved Layout Plan
The approval obtained by the Architectural Directorate, CDA at the Front Office, One Window Operation, CDA, the layout of a building or structure shows the plan of its foundation on the ground surface according to its drawings.
4. Letter of Approval from Design Board (DVC)
Design examination is the process of thoroughly exploring an arrangement plan before deciding to go ahead with a project.
The Design Control Commission discusses requests for approval of building designs. The Committee approves designs or sometimes delays them due to technical deficiencies.
5. Letter of Approved Construction Plans –
The building permit consists of the construction plan and the layout approval for the construction of the building. Its approval letter can be obtained from Architecture Directorate, CDA at the Front Office, One Window Operation, CDA.
6. Approved Construction Plans Controlled by Competent Authority –
A construction plan is a scaled diagram of a room or building viewed from above. Its approval can be obtained from Architecture Directorate, CDA at the Front Office, One Window Operation, CDA.
7. Third Party Verification Certificates –
Mechanical, Electrical and Plumbing Certificate (MEP) –
Relates to the mechanical, electrical, and plumbing aspects of building design and construction.
Certificate of Control in Structural Design –
A building permit application may be accompanied by a design certificate confirming that the building structure complies with the requirements of building regulations.
A Certificate in Fire Safety and Risk Management that ensures that a building has a developed culture of fire safety and effective firefighting can be implemented.
8. Access Approval
In construction on major CDA avenues and riding roads, an access road approval must be taken by the Authority.
9. Approved letter from National Highway Authority (NHA)
In construction on GT road, a letter of approval must be taken from the National Highway Authority.
10. Certificate of height
An altitude clearance certificate is obtained to protect unobstructed zones around airports and the airspace required for air navigation. The certificate can be obtained from the Civil Aviation Authority.
11. Utility Connection Approvals
Sui Northern Gas Pipeline Approval Letter (SNGPL)
Islamabad Electric Supply Company (IESCO) Approves Letter
Water Supply System approval letter
12. Approval letter from Fire Fighting System
Fire Prevention and Life-Saving Rules have been developed to ensure compliance so that fire explosions are prevented.
13. NOCs / Environmental Approval of Pakistan Environmental Protection Agency (EPA)
The primary goal of the environmental assessment process – acquired by the Pakistan Environment Protection Agency (Pak-EPA) – is to provide advocates and decision makers and members of the public with an understanding of the potential environmental impacts of the proposed action. The approval can be
14. Construction Final Certificate
Construction Final Certificate is proof that the construction work has been carried out in accordance with the rules and regulations of the citizen authority. The Building Completion Certificate can be obtained from CDA.
Advantages and Disadvantages of Homeowners Association
If you want to understand the pros and cons of HOA living, you must first understand what HOA is, what they do, and how they affect homeowners.
HOAs – what are they? This is a common question. The term simply refers to homeowners’ associations. An association of homeowners manages a community for the benefit of its residents.
What does HOA mean in Housing?
Homeownership associations exist to manage residential communities, keep a limited appeal, and keep property values high. In addition to maintaining boundary appeal and preserving property values, associations of property owners manage residential communities. Home developers are the ones who initiate the association.
Following legal advice, the programmer drafts the governing documents of the association. Regulations, amendments, rules and regulations, and articles of incorporation are among the documents.
Simply put, it lives in a house that is part of an association of homeowners. Although there are many benefits to living in HOA, it may not be for everyone. Living in an HOA community, for example, gives you access to amenities you wouldn’t have it otherwise.
What is the purpose of HOA?
As soon as you transfer to the homeowners association, you become a member. HOA’s governing documents are automatically applied to you as an HOA member. The documents outline what you are and are not allowed to do as a homeowner. Rules like this help keep property values and keep neighborhoods safe.
Managing an HOA involves taking care of the best interests of the community, enforcing rules, and setting the amount for fees. A review of the HOA’s governing documents is recommended before transferring to a homeowner’s association.
You will be able to get acquainted with the covenants and rules that must be followed if you relocate. Before you decide. Buy or luo house within the community, it is a good idea to determine the health of the association.
Advantages of HOA
Here are some benefits of HOA to help you make a decision.
1. HOAs are responsible for the maintenance of common areas
The aesthetic appeal of a well-groomed community extends to the ease of living within it as well. A landscape without rubble, trimmed trees and blooming flowers bring harmony and peace. The well-being of a community is important, and it is comforting to know that these services exist.
The benefits of living in a community with HOA include shared community areas maintained by the organization. Landscapes, swimming pools, playgrounds, barbecue areas and community centers are included.
The spaces can be enjoyed without having to worry about maintenance. In addition to preserving the landscaping in front of each unit, some HOAs also maintain landscaping in the backyards of residents.
2. Consistent value for each property
Property values are a major reason people buy into HOA. Your board helps protect your investment and ensures that its value remains the same. It is the responsibility of the owners to maintain their lawns, homes and personal property in accordance with community law. There are many benefits to a homeowner, but there are also many benefits to the community as a whole. The board members live in the same community, and they are just as eager to see it thrive as you are.
3. Complying with standards
Every homeowner should follow certain guidelines. Before signing on the dotted line, buyers should be familiar with the prevailing documents. There is not much tolerance for uncontrollable behavior in a typical association, from a wild party in someone’s yard to a distraction from architectural guidelines. The neighborhood has a board that mediates neighborhood disputes and presents consequences when things don’t work out.
Disadvantages of the United States
Let’s look at the disadvantages of HOA.
1. HOA fees must be paid monthly
Residents of the community have to pay HOA fees because the HOA maintains the common areas and exteriors of homes.
The fees for these amenities vary from community to community. In addition, HOA fees are not fixed, so they may change from time to time. When it does not raise enough money to keep the community going, the association may have to increase the monthly fee.
2. Failure to pay HOA fees can have serious consequences
Paying your HOA fees is an important part of living in a community. The state in which you live will determine whether you can be executed for failure to pay HOA fees. The amount you owe will get until you pay, even if your state does not allow foreclosure in these circumstances.
Fees must be paid by all residents of the community. If the HOA cannot raise enough money from residents, the property may not be properly cared for. Because of this, a community may have to fire its property manager, making the appearance and condition of the community worse. The impact can be negative on the value of the community.
3. Rules and regulations are implemented by the HOA
In the event that the monthly HOA fee is affordable, paying these fees may seem like a minor inconvenience. You should understand, however, that the HOA sets requirements for the appearance of your home regardless of whether you agree with the fee. In addition to what front door and windows you can have, they decide what color to paint your front door or shutters. You may even be limited in how much exterior decoration you can use and how many vehicles you can park in your community. If you violate the rules and regulations of the community, you could be fined.
4. Inadequate management
Poor management can lead to deterioration in some HOA communities. As a precautionary measure, electing board members who have the best interests of the association in mind is the best way to avoid such a situation. In addition, many HOAs hire a management company to ensure that responsibilities and duties are properly met.
5. Executions and custody rights
Care or execution is always a concern when living in an HOA. There are certain HOAs that can put worries on your property and then exclude it. The custody will only take place if your membership fee is not paid.
It is important to consider the pros and cons of living in an HOA before making a decision. Pay monthly fees and adhere to HOA community rules is required. You will also benefit from things like preserving your property value and being able to access well-preserved amenities (such as landscaping). In the long run, you will benefit more from HOAs if you can tolerate the small annoyances they bring.
In the same way, homeowners can benefit from HOAs, HOAs can benefit from professional management services and vendor assistance. Browse the comprehensive HOA Management directory to find the right services.
5 Tips To Increase Rental Property And Maximize Income
The appearance and functionality of your rental property has a direct correlation to the rental income it can produce. By investing in the right improvements, you can charge your tenants more. This can result in higher rental income in the long run.
However, there is a fine line between improvements that allow you to increase rental income and those that are unnecessary or superfluous. You need to determine who is who so that you don’t end up paying for expensive renovations that do nothing to your rental property.
Here are five simple but effective improvements that can increase your property value and, eventually, enable you to earn more rental income:
1. Improve The Exterior Of Your Property
The exterior of your property is very visible, and how it looks can create an impression. You find it difficult to attract tenants and encourage them to live on your property if your exterior looks poorly maintained.
One of the easiest ways to enhance the value of your rental property is to take care of your exterior. As a landlord, you should put in the time and effort to make sure your exterior is in pristine condition. You can achieve this goal by:
Pressure to wash your exteriors:
Hire professionals to take advantage of theirs press wash services to remove dirt, dust and other debris from your exterior. Pressure washing also removes mold, keeping your rental farm cleaner and healthier.
Painting your front door:
The front door attracts the attention of tenants and sets their expectations on what they can see inside the property. Increase their excitement by painting your front door in bold color. If your exterior is painted in nude shades, go for light shades of red, blue, yellow or orange for your door.
Pay attention to the landscape:
Check the general condition of your landscape and remove weeds and dead branches. If your outdoor space allows, you can plant more flowers and invest in a water feature, such as a pond or fountain.
2. Refresh The Bathroom
How the bathroom looks and works can significantly affect a person’s mood throughout the day. Can you start the day in a positive mood if the bathroom looks dirty? How can you enjoy your bath or shower if the bathroom lacks essential amenities? Tenants will probably feel the same way, so make sure to upgrade your bathroom.
You don’t need to break the bank just to improve your bathroom. Here are some cheap bathroom renovation ideas that will definitely make the space look and feel new:
- Mess up to make the space look bigger and feel cleaner.
- Experiment with bathroom wallpaper.
- Invest in stylish storage, such as an open shelf and use of wicker baskets.
- Swap expensive floors for affordable materials.
- Raise old bathrooms by adding new paint or upgrading hardware.
3. Work On The Kitchen
Many tenants will choose to pay more, provided they get the most functional and attractive kitchen. In addition to cooking and preparing meals, tenants were more enthusiastic about the kitchen, as here they would entertain guests and even hold parties.
Contrary to popular belief, you don’t need to spend thousands for a successful kitchen renovation. Like the bathroom, there are inexpensive kitchen improvements that can change the overall look of the space, such as:
- Adding artwork to the walls to create focus
- Adding more seating furniture
- Change the lighting fixtures
- Changing your cabinet doors and hardware
- Instead of replacing kitchen floors, paint them with a neutral shade
4. Add New Living Spaces
The more housing your rent has, the higher your rent you can pay your tenants. This will allow you to earn more income in a shorter period of time.
Evaluate the layout of your property and see if it can still support another place to live. For example, if your wolf property has a separate dining room, consider converting it into another bedroom, or if it’s a large room, split it into two bedrooms.
5. Offer an Outdoor Recreation Space
Gone were the days when tenants only entertained guests inside the home. Today, more and more people would choose to hold meetings in outdoor spaces as these offer a change of scenery and a fresher atmosphere.
Another way to increase the value of your rental property is to offer an outdoor recreation space to your tenants. Depending on the space available, you can add a deck, beauty or some outdoor furniture and BBQ. All of these updates are sure to attract tenants and make your rental property more valuable.
Upgrade Your Rental From Today
The housing market worldwide is full of thousands of wolf holdings. Fortunately, there are many ways for yours to stand out, namely by following the tips presented in this article. These tips are enough to make sure your rental property meets modern standards and attracts as many tenants as possible.
Procedure for issuing separate transfer letters to more than one delivery
The civic authority of Islamabad has devised a procedure for the issuance of separate transfer letters in case of more than one delivery. The emission procedure is as follows:
In the case of more than one delivery, different copies of the Transfer letter may be obtained. In addition, if a co-signer wants to deliver their share, all other co-contributors will have to give their original transfer letters in order for new transfer letters to be published.
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Procedure for issuing separate transfer letters to multiple transferors
If there is more than one transfer, they may request separate copy letters.
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.
For more news and updates visit the expensive blog.
List of NOC, Approval Required for Project in Jurisdiction of CDA: Private Country
The Capital Development Authority (CDA) has devised a procedure to facilitate the people who intend to undertake real estate or invest in private land or any residential association, as explained Feeta.pk
The list of documents required for a project in the case of private land is as follows:
- Ownership Documents:
- Fard (Certified by Patwari or Tehsildar)
- Ax Shajra (Certified by Patwari or Tehsildar)
- Certificate of Free (NEC) certified by Tehsildar
- Preparatory Planning Permit (PPP) Letter from Planning Wing, 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.
- Third party verification certificates:
- Certificate of Control Structural Project
- Mechanical, Electrical and Plumbing (MEP Certificate)
- Fire Extinguishing Certificate
- Access Road Approval (In the case of CDA main avenues and 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 Approvals:
- 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.
Habits of successful Real Estate investors
Investing in real estate there is no piece of cake. If you are new to real estate investing in Pakistan, you may find it difficult to get started real estate in Pakistan. Many newbies disagree on starting, how much you need to invest and what things you need to consider in a property before buying it.
You may also notice that some people around you are real estate gurus. They are constantly investing in real estate, diversifying their portfolio, investing in houses or managing rents perfectly.
But, how do these work real estate gurus know how to invest in real estate and earn great income? Well, there are some habits of successful RE investors that they follow religiously.
In this blog, we will discuss the habits of success RE investors that helped them stand out in the crowd.
So let’s get started.
There is only one side of the market, and it is not the bull side or the bear side, but the right side.
~ Jesse Livermore.
First – you need to understand the real estate market and how it goes up and down. Without a good knowledge of the market, you will not compete and succeed in the market real estate market. So, before putting your little earned money into the market, make sure that you do your research and diligence about the market and how it works in Pakistani society.
For example, if you want to buy a piece of land, research first. Try to explore as many areas as possible. Make a study of that area. Try to know the prices in the region. Calculate the investment and options. Ask about the area and make sure the development authorities approve your purchase of that area.
Don’t ignore the uncertainty:
“Leave it for sure. The opposite is not uncertainty. It is openness, curiosity and a willingness to embrace a paradox instead of choosing sides. The ultimate challenge is to accept ourselves exactly as we are, but never stop trying to learn and grow. “
– Tony Schwartz.
Like all other business and investment opportunities in Pakistan, real estate also comes with risks and uncertainties. High interest rates come with great rewards, but you have to think strategically if you want to stay away from problems and financial losses. With well-informed decisions and sound strategies, it is effortless to mitigate risk in real estate.
Patience is the key to success. Quick decisions won’t get you anywhere, and most likely you’ll end up with financial losses. To protect your hard-earned money, make sure you take calculated steps and well-informed decisions. Patience not only saves you from losses but also exposes you to many new business opportunities and avenues.
So make sure you don’t jump on the first property that comes your way, and research before making the final decision.
Limit your emotions:
Before doing anything investment in real estate, make sure you consider facts, not emotions. One of the best habits that all real estate investors have is that they can separate emotions from trading. In short, their decisions are based on hard concrete facts and projections, not on emotions and subjective information.
Plan your investment decision. A plan is important because it keeps you on track, and you don’t have to waste your time, energy, and resources moving back and forth randomly. For example, if you have finished a piece of land, think about what you can do with it? What things will you change, what will you add or remove?
Ask yourself as many questions as possible and plan accordingly.
Keep up to date:
Keep learning about the entrances of real estate. Education is one of the easiest and best ways to succeed in real estate. By visiting education, you will be able to know everything about market changes and trends. As a result, you will be far ahead of everyone else in the market, and as long as you continue to learn, you will continue in your success.
Don’t forget your work ethic:
“A man without ethics is a wild beast released on this world.” ~ Camus.
Be honest with yourself and the people associated with you in the business world. Keep a good morale and a strong image because, in real estate, word of mouth is very important. All successful real estate investors have built trust with the people around them, and it is precisely that sense of trust that helps them grow.
“People influence people. Nothing affects people more than a recommendation from a trusted friend. Reliable forwarding affects people more than the best broadcast message. A reliable referral is the Holy Grail of advertising. “
~ Mark Zuckerberg.
Never underestimate the power of references. Period. All successful traders and investors always encourage recommendations. Recommendations are the perfect way to contact any friends and family of real estate investors and previous or current clients.
Specialize in a niche:
If you want to stand out in the crowd and take all the glory, develop a niche. A niche will allow you to better target and focus on people to meet specific needs.
It is not simple to perform all the tasks yourself. All wise investors have the habit of delegating their duties to others. For example, many successful investors need management help features. However, it would be useful if you remember that getting help does not mean disengaging or cutting yourself off from the business.
Build a network:
“Networking is an investment in your business. It takes time and, when done correctly, can yield excellent results over the coming years. “- Diane Helbig.
Interconnection is one of the most important things in real estate. A massive portion of the real estate sales depend on interconnection. All successful investors place particular emphasis on building relationships with the people involved in real estate. Networking provides you with opportunities and new income for the growth and development of your business.
Don’t neglect your partners:
Last but not least, successful real estate investors make their partners happy. In real estate, the partnership is essential because of the amount of capital invested by different partners. For smooth and stress-free investments, you need to work together to achieve a successful business and investment operation.
So these are some of the habits of successful RE investors. Go through these positive and effective habits and try to understand their usefulness in the real estate market. Try to implement these strategies and practices in your company and see the results.
If you want to ask questions about the habits of successful investors, please leave a comment in the comments section below, and we’ll get back to you as soon as possible.
Do Foreigners Own Land / Property in Pakistan?
In Pakistan, land is a provincial issue with different regulations governing land acquisition in each province. Generally any foreign national who has received permission from the Ministry of Internal Affairs (Federal) and the respective provincial government can acquire land according to his capacity. In addition, if a company is affiliated with the Securities and Exchange Commission of Pakistan (SECP), a foreigner can own land.
- Upper Limit
In addition to media, banking, agriculture and airlines, the government imposes upper limits on investment.
- Lower Border
There is no ‘minimum’ amount set for investment in equity ownership in all permitted sectors.
- Strangers can get 100% foreign ownership in all sectors except the areas mentioned in the upper limit.
- According to the sixth clause of the Foreign Private Investment Act 1976, for advertising and investment protection and the procedural requirements defined by the Handbook of Changes of State Bank of Pakistan (SBP) 2002, foreign investors retain the right to repatriate their funds, whether acquired profits or their dividends, in the original currency of the respective state from which the investment was made.
- Foreigners may appoint authorized banks or merchants to repatriate profits / investment income / dividends through an appropriate banking channel.
- Regarding portfolio investment, foreigners must open a Special Convertible Rupee Account (SCRA) in any local bank to extract their dividends and sales income. They can invest in all securities listed on the Pakistan Stock Exchange.
- According to the regulations of the SBP and SECP, foreigners can access domestic borrowing according to the Debt Equity Report.
FDI field in Pakistan
Since the last decade, Pakistan has been receiving a healthy and consistent flow of foreign investment from Asia, America, Australia, Africa and Europe.
In July 2021, the SECP reported 1,949 incorporations of new companies, with a total amount of 147,842. In these registrations, the construction and real estate sector tops the list.
Finally, for the promotion of FDI, the government ensures optimal treatment to foreign investment. The Economic Reform Protection Act of 1992 and the Foreign Private Investment (Advertising and Protection) Act of 1976 provide “No Less Favorable” treatment to foreign investors compared to the National Investors in similar circumstances. With growing trends in investing as SECP assimilates more and more companies, now is the perfect time to invest in Pakistani real estate.
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.
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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.
According to the CDA, what documents are required for approval of a real estate project?
The following documents are required for approval of a real estate project on non-governmental land under the jurisdiction of Capital Development Authority (CDA).
Individual – Certified by Patwari or Tehsildar
Shajra Image – Certified by Patwari or Tehsildar
Evidence of no return
Initial Planning Permit of CDA Planning Wing
Approved layout plan
Letter of approval from the Project Inspection Committee (DVC)
Approved letter of construction plans
Certification Certificate of Structural Design
MEP Certificate – Mechanical, Electrical, Plumbing
Fire extinguishing certificate
Access Road Approval – In case the project is close to a main highway or road
Permission from the National Highway Authority – provided the project is accompanied by GT Road
Civil Aviation Authority (CAA) clearance certificate – provided the project is connected to the airport or is a multi-storey building
Construction Complete Certification
Environmental Approval of Pakistan Environmental Protection Agency
Approval letter from Sui Northern Gas Pipeline (SNGPL)
Approval letter from Islamabad Electric Supply Company
License of the water supply system
Documents required for a construction project in an approved housing plan
Approved NOC plan and housing plan
NOC of the Authority
Approved layout plan
Letter of approval from the Project Inspection Committee (DVC)
Construction plan approved by the institution
Approved layout plan
Letter of approval from the Project Inspection Committee (DVC)
Approved letter of construction plans
Certification Certificate of Structural Design
MEP Certificate – Mechanical, Electrical, Plumbing
Fire extinguishing certificate
Access Road Approval – In case the project is close to a main highway or road
Permission from the National Highway Authority – provided the project is accompanied by GT Road
Civil Aviation Authority (CAA) clearance certificate – provided the project is connected to the airport or is a multi-storey building
Construction Complete Certification
Environmental Approval of Pakistan Environmental Protection Agency
Approval letter from Sui Northern Gas Pipeline (SNGPL)
Approval letter from Islamabad Electric Supply Company
License of the water supply system
Procedures for using the CDA’s One Window Operations Directorate
If you want to know how to use the First Window Operations Board of Capital Development Authority (CDA), this article is for you.
In this regard, first, the transfer request must be sent to the employee concerned and the date must be taken. The employee concerned shall send the data form to the director concerned two days before the date.
The lawyer or surrogate will be required to appear before the deputy director on the day along with his / her ID card, where his / her photos and fingerprints will be taken.
The officer in question will then hand over his file to the Accounts section.
4 Tips for Selling a Home in a Bad Neighborhood
Location is a valuable factor in real estate. Selling a great house in an undesirable place may prove to be a challenge for many homeowners. Often, potential buyers tend to ignore homes in bad neighborhoods or try to extend the sale price to the lowest possible amount. If your house is located in a bad area, you need to come up with a game plan to draw the attention of prospective buyers due to its lack of charm. Here are some helpful ideas to get you started.
Highlight the boundary appeal
While you can do nothing about your neighborhood, you can try to change the prospects of your potential buyers by highlighting the bright appeal of your home. You may not be able to control your surroundings, but you have complete control over the outside of your home. Be sure to mow your lawn regularly, remove all debris, dirt and dead plants. Consider landscaping your yard or starting a flower garden to make it more attractive. The goal is to make the exterior of your home as attractive and attractive as possible to attract home buyers. Ask your neighbors if you could clean their yards if you feel this will help boost the sales value of your home.
Understand your audience
Knowing your target audience will also help you sell your home. Remember that every buyer is different, and what can attract them can be a disadvantage for some. For example, if your neighborhood doesn’t have a quality school district nearby, it can attract single-family homeowners or couples without children, or your house may be on a busy and noisy street, but is close to essential establishments. Watch the neighborhood for any positive aspects you could focus on. Think of innovative ways you can transform the weaknesses of your region into strengths. Consider targeting one-home buyers, as they tend to be more versatile with their budget.
Be flexible with the price
Ekde location is one of the must-haves when buying a house, you need to be realistic when you set your sale price. Make sure to price it accordingly, but avoid starting with the lowest value so that you can have more hesitant place if you need to drop it later. Check the price range of the other houses in your neighborhood. Be sure to address first-time home buyers and offer them a competitive price. If you are comfortable dropping the price even lower, avoid doing so expensive home renovations and upgrades, as you may end up spending more than you should.
Seek professional help
Selling your home without professional help can be difficult. It is important that you find someone reliable and experienced in dealing with such cases. You can either hire a real estate agent or work with a company like KC Custom Communication which can help you sell your house regardless of its condition.
Remember that even if your house is in a bad neighborhood, there are still buyers who are willing to buy it for the right price. You need to set your expectations, work with your resources and adopt a flexible mindset to get the best value for your home.
With Rising Home Prices, Is Real Estate Investing Still a Smart Strategy?
Billionaire industrialist Andrew Carnegie once said that 90% of all millionaires earned their wealth by owning real estate. Real estate investing continues to be one of the best ways to make money and grow wealth.
Tax benefits, appreciation, diversification and protection against inflation are just a few reasons that people invest in real estate. Many like to own tangible assets instead of stocks or bonds.
For investors, there are many options, including single-family real estate, commercial real estate and Real Estate Investment Trusts.
There are properties available across a wide range of budgets. For example, a home mortgage in Virginia Beach, A VA with an average home price of $ 310,000 will be significantly less than a home in Ventura, California, where the average price exceeds $ 700,000, or in San Francisco, which now has an average sale price of $ 1.3 million.
Let’s take a look at the different types of real estate investing, check the current state of markets, and hear what some experts have to say for everyone.
Investing in Single Family Properties
Domestic values in the United States have exploded over the past year. The average selling price for a home in May 2021 was just over $ 350,000 and the average selling price was up 23.6% more than a year ago, according to the National Association of Real Estate Agents (POMEGRANATE).
With mortgage rates still at some of the lowest levels in the past 50 years and charged demand after a year of life with the threat of COVID, most experts predict at least another year and a half of rising prices.
Not everyone agrees. A recent survey revealed that 41% of respondents predicted the house market bubble is created sometime in 2021 and will start pricing along with the downward slide. More than a quarter thought low prices would not occur until 2022 and 13% did not predict another housing market.
The economy that caused the housing crisis in 2008 was significantly different than in today’s market. In 2008, the housing crash was caused by subprime mortgages, which were written in record numbers, then put together and resold at an astonishing rate. The industry has learned a lot since then and is more cautious about lending. The government is also more experienced in protecting the housing market, such as the tolerance and market modifications it has made during the pandemic.
Investing in Commercial Real Estate
The commercial real estate market is recovering more slowly and has not yet reached pre-COVID levels, according to the NAR.
Performance for large-scale commercial real estate decreased by 28% year-on-year after 1 2021. Transactions for portfolios exceeding $ 2.5 million decreased for all types of real estate except hotels. For smaller commercial real estate portfolios of less than $ 2.5 million, transaction volume decreased by only 1% year-on-year.
Prices are also falling, as average real estate is up 6% less than a year ago.
Experts expect the market to continue to recover, but fear that employment trends could impact some sectors of commercial real estate. With companies shrinking and increasingly allowing employees to work from home, there are some concerns that organizations will need a smaller footprint. The Wall Street Journal, for example, reported on this 42 million square feet of office space was marketed in Q2 and Q3 of 2020.
Real Estate Investment Trusts (REITs)
There is also growing activity in Real Estate Investment (REIT). REIT is backed by a company that uses investment funds to buy and exploit income real estate. They are bought and sold in the market like stocks. These have also become attractive to investors who want to include real estate in their portfolios but do not want to make a traditional property.
REITS, in essence, works similarly to dividend-paying stocks. They have to pay 90% of their taxable profits in the form of dividends to maintain their REIT status, which allows them to avoid paying corporate income tax.
REIT shares buy and own buildings. Mortgage REITs provide real estate and may include mortgage securities.
While REIT decreased by more than 5% in 202, according to the FTSE Index Nareit All Equity REIT, many fund managers have a positive outlook for REITS in 2021.
Is Real Estate Investing Right For You?
Currently, high valuation rates and negative yields of many government bonds are not aimed at attractive bids. Interest rates, expected to remain low at least until the end of the year, will continue to make real estate investment attractive options for many business borrowers.
Investors should always compensate any investment against other potential opportunities. Every investment is subject to risk.
Whether real estate investing is right for you and your investment portfolio will depend on the totality of your finances, risk tolerance and investment goals.
How the Construction Sector Can Benefit From Vertical Development of Cities
The demand for high-quality housing is constantly growing in urban centers. Providing urban populations with better and more spacious housing is key to reducing the overcrowding of housing. The challenge is to achieve this growth quickly, sustainable and environmentally friendly way. Many cities worldwide are now aiming for vertical development to address the challenges of urban expansion into green lands. Vertical development is the construction of tower blocks instead of one-first homes on the same piece of land. Instead of housing a single-family unit, luxury apartments, tower buildings can accommodate many residential units, shops hospitals, schools, restaurants, and suitable complexes in the same building. The phenomenon can have massive implications for the construction sector as newer technologies, materials, and cooperative mechanisms will have to shift to vertical development. Keep reading to understand how the construction sector will benefit from the vertical development of cities.
Feeta.pk through this blog highlight how the construction sector can benefit from the vertical development of cities.
Construction Sector of Pakistan
Pakistan is the fifth most populous country in the world, with over 60 million strong workforces and a growing middle class. Of the total population, 36 percent live in urban areas, while 64 percent live in rural areas. The demand for housing is growing every year by three hundred thousand with an annual population growth rate of 2.4 percent. The country’s construction sector contributes 2.5 percent to its annual GDP and employs 7.6 percent of the total workforce. According to the Association of Builders and Developers (ABAD), pending construction and housing projects total 1.1 trillion roles in monetary value. La construction sector has recently been declared an industry that will bring tax relief to companies and companies in the industry by amendments to the tax ordinance. Reforms in the tax processes have provided builders and developers with many incentives to accelerate activity in the sector. These include tax cuts, elimination of previous taxes and assistance to the industry in its ease of trading. The construction sector has also seen an increase in revenue due to the development of the China-Pakistan Economic Corridor. With the coronavirus affecting the country’s economy, acceleration to the construction sector has remained an important step towards achieving recovery and growth of the Pakistani economy in FY 2020-21. Not only have the incentives given impetus for growth in its allied sectors, but the government has also released a special amnesty package for investors, diaspora investment incentives, and 36 billion in grants under the Naya Pakistan Housing Program (Newsweek, 2020).
Growth in the construction sector can boost the Pakistani economy and create new job opportunities for the youth. Given the desire of the current government to see the growth of tall buildings in Pakistan, the national cabinet has also formulated and approved a policy on building tall buildings. The Lahore Development Authority (LDA) has enacted various laws to promote high-rise buildings in the provincial capital. The approval process for the construction of tall buildings has been simplified along with the removal of unnecessary restrictions such as obtaining a No Objection Certificate (NOC) from different government agencies. This will not only decrease performance and construction costs but will also ensure the timely completion of construction projects (Adnan, LDA enacts new laws to promote high laws, 2019). The authority has also relaxed statutes for construction to accelerate the vertical development of cities. New buildings and zonal regulations were also formed to encourage vertical development of cities. The plot size requirement for building towers was also reduced from 4 canals to 10 marls. There is also no height limit for commercial buildings having an area of 12 channels and more. These buildings will also have a mandatory requirement to set up roof gardens, rainwater harvesting systems, parking, and firefighting systems (Adnan, 2020). In addition to Lahore, the cabinet has also allowed high-rise buildings in four major cities, namely Karachi, Islamabad, Peshawar and Multan (HP, 2019). Therefore, the construction sector has proved to be Pakistan’s lifeline in times of pandemic provoked blockages and plunge into the country’s economy.
How Vertical Development of Urban Centers Will Accelerate the Construction Sector
The construction of tower blocks can give a massive boost to the construction sector in the form of increased foreign and local investment, increased demand for labor and employment, increased use of raw materials causing growth in construction allied sectors, and increased utilization of high quality technologies which give greater efficiency and innovation. Tower houses are considered an indicator for the development of a country’s real estate sector. The first advantage of increasing vertical development will be realized in the form of increased foreign investment in Pakistan this will accelerate the establishment of new projects and provide resources to complete ongoing projects. Also, when the construction sector is recognized as an industry and the government provides incentives for the growth of high-rise buildings, the market tariffs for raw materials will stabilize. This will help set accurate forecasting models for projects that often face financial problems due to market fluctuations.
Pakistan has a strong workforce of young individuals who lack job opportunities due to their unskilled nature. Because building homes and low-rise buildings do not require as much manpower as high-rise construction, many of this workforce are forced to move to other countries that can provide training and employment. Accelerating the vertical development of cities will create a demand for this work in Pakistan and will allow the construction sector to absorb a massive level of agile and unskilled locally. The construction of high-rise buildings will also give a boost to the allied sectors of the industry. Growth requires larger quantities of raw materials, efficient logistics and advanced supply chain management. Therefore, the impact of vertical development will be seen in increased consumption of raw materials, installation and upgrade of infrastructure for better logistics, growth of the local market, and ultimately an increase in export of construction equipment. Ultimately, vertical development requires complex technologies to be implemented during the construction phase. Pakistan’s construction sector is lagging behind in the adoption of innovative practices and demands impetus for the introduction of newer technologies in the sector to make construction more efficient, sustainable and environmentally friendly.
The demand for high-quality affordable housing is growing due to rapid urbanization. Accommodating this requirement is not possible without the vertical development of cities. With the pandemic affecting the country’s economy in the early stages of FY 2020-21, incentives given to the construction sector have given strong growth to Pakistani economy. Continuing along with the same argument, the government of Pakistan is now encouraging the vertical development of cities. The construction sector will benefit from this vertical development in the form of increased foreign and local investment, increased demand for labor and employment, increased use of raw materials leading to growth in allied construction sectors, and increased use of high-tech technologies that provide greater efficiency. and innovation.
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.
What Does It Take To Be A Successful Real Estate Investor?
Real estate investing is always one of the most lucrative businesses in Pakistan. The real estate business provides many ways to make money fast and increase your wealth significantly in a short time. However one should never forget the fact that this industry is very competitive and you need to be extremely efficient to achieve lasting success in real estate. No matter whether you are a novice or an experienced real estate guru, learning and adopting the habits of a successful real estate investor is an ongoing process and it can be very effective at any stage.
Unquestionably investing the hard-earned capital in any new venture is a very risky task. But with regard to real estate, always remember that the greater the risk, the greater the success. By comparison, over time, making a profit against your real estate investments becomes easier once you find out about the market trends, clear up about your goals, develop a niche, and build a network.
There are currently various well-known institutes that offer real estate in Pakistan. Obtaining a degree in this field may be one of the important steps to becoming a successful real estate investor, but it is not a prerequisite for becoming a successful real estate investor. If you really want to continue your career in this domain, you need to learn and follow the habits of successful real estate investors, their stories, their vision, and try to embrace their characteristics.
5 habits of successful real estate investors
Today we have collected some of the very effective habits shared by successful real estate investors. Let’s move forward.
1) Make a Plan & Paste it
Most beginners don’t realize the importance of having a plan before investing in real estate. To achieve success in real estate, you need to have a solid investment plan and the ability to adhere to your plan.
As a novice, you need to be clear about where you want to buy real estate, how much you want to invest. What is the acceptable return, and what is the time frame for your investment. How fast do you want to earn a profit and what is your target market. Moreover, you also need to research whether you need to invest in residential or commercial real estate.
Once you become unambiguous in your plan, set your short- and long-term goals according to your plan. Stay disciplined, and be prepared to face small setbacks and always think from a broader perspective.
2) Notoriety With The Market
Reading carefully about the market situation is one of the main skills needed to become a successful real estate investor. This includes knowing the changing trends of the market and analyzing the demand of buyers, means where and what actually buyers are looking for. You need to be well aware of the kind of properties that serve as a hot cake in the market. You need to be able to predict the locations for high capital gains and an impressive rental yield.
Deep knowledge of target markets, getting the traps and acquaintance with the trend prices is as essential as knowing the consumer’s spending habits, priorities, the inflation and unemployment rate, middle income and other factors that influence the buying and selling power. .
Smart investors always have this information. Being aware of the market trends also allows them to predict future trends. And this skill can create very lucrative opportunities both in the short and long term.
3) Build a Niche And Focus
Building a niche is very essential to becoming a successful real estate investor. Many large tycoons in real estate investors have a certain niche. Therefore, it is highly recommended for beginners to choose a particular market, build a niche and focus on it. This practice takes a long time to master, but step-by-step learning will make you understand the market and a specific type of property, neighborhood, or area of interest. However, we always recommend focusing on a single market if you want to be a successful investor in the long run.
In Pakistan’s real estate market there are many options for new investors like poor or cheap housing, mixed-use developments and high-rise housing. Similarly, the country is also witnessing a significant increase in the popularity of hotel apartments, which is yet another possibility in the growing real estate sector.
4) Brainstorm and Risk Calculations
As we always say, the greater the risk, the greater the gains. Risks are the essential element of any investment or business. To be a successful investor, you must have the ability to assess, calculate, and understand the risk associated with your transactions. Recognition and prior risk analysis will not only help you discover a property that is worth your investment but also help you avoid the related risks before the point when they lead your investment to a loss.
Compulsory diligence is inevitable in real estate to avoid any major loss. It is highly advisable to analyze the situation itself, seek expert advice where necessary, refer to facts and figures, understand the legal implications and always rely on credible sources to form a course of action. This practice will minimize the risk and increase the probability of success.
5) Make Relationships
A network consisting of a competent, professional and reliable team is very important to achieve lasting success in real estate. You need to build your network with peer professionals and successful investors. These gurus in your niche will help you accelerate in your domain. One has to be very careful when choosing business partners and customers.
Many people prefer to work alone if you are one of them. Please remember that expanding your professional circle, making connections and building a network is the habit of highly successful real estate investors.
In addition, always keep in touch with the people involved. Do not hesitate to ask for help when needed. Encourage referrals, always be ready to learn new things and keep yourself aware of the changing dynamics of the market. Hire competent resources to manage your finances.
DHA Lahore Real Estate Market Analysis May – June 2021
From time to time I emphasize that DHA Lahore real estate market is speculated by the introduction of Amnesty plan by Pakistani government to raise taxes with more cash flow in this market whether it may be black money or ex-flats buying for their homes, who lost their businesses and jobs due to the Pandemic.
An amnesty plan gave this market a parabolic run, but theirs was also of real interest also from the emigrants and smart money that prevented their money from this relentless inflation on a daily basis.
What needs to go up has to be a general phenomenon of almost every market, although it assures me that when the market often shows a very sharp position without any basic fundamental reason and general economic strength, it usually reverses to its previous year highs. Admittedly my opinion of the market often contradicts the general herd or real estate, because being in Imlaak, I have always followed the principles of my mentor Captain Shahnawaz, who is to inform the client about the real situation of the market instead of trapping them in speculative behavior of the market.
Imlaak.com has always wanted to make well-informed decisions based on research and development on which we always consider many different issues that feed the real estate market, the very basic reason of Pakistan’s speculative behavior on real estate market. dollar index and we have been following a dollar index for many years and that is why our forecasts for DHA Lahore real estate market have always been targeted.
To see what the Dollar index predicts now.
Well, the dollar favors the real estate market in Pakistan because what is the chart that says it is a huge weakness in the dollar which means people would not like to hold the dollar and everything related to the dollar will appreciate whether it is about precious metals or real estate market but on the other hand, where will there be a stop?
Rising inflation and all economic factors make me curious that there is more counterproductive action coming to the real estate market, but there is only one disadvantage that I think buyers should consider, and that is not a further extension of an amnesty plan that presents a huge. risk if buying the highest market, so be very careful. Buy in less risky places like High Buildings ie Sixty6 Gulberg or LAHORE SMART CITY.
An artificially pumped market is often very risky because it fails badly and on the other hand natural growth remains longer and presents less risk for landfills.
So let’s understand what the difference is between natural growth and artificial growth.
Now let me explain the Golden Diagram for the general understanding of what impulse runs in any market can bring sharp corrections at any time.
When you look at the chart, you clearly see that while gold had a healthy top behavior, but suddenly by the end of 2007 an implosive move gained the appeal of major players around the world, so it went from almost $ 500 to almost $ 1900 in just 4 years. which is almost 3X and then after that sharp impulsive move Gold almost made a correction to $ 1000 in the next 5 years.
The common behavior of all markets is related to each other, but they only differ in time because some markets are unstable and they correct sharply, while others need time, but they are often similar in behavior.
I personally feel that Dha Lahore real estate market may not have seen the top yet, but it is very close and may take some time but the correction will come so the smart investor will always make smart decisions and be the only seller while everyone buys.
The secret to our success is the loyalty and trust we share with our investors, we win when you win.
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.
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.
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.
Taiser Town Scheme 45 – Brief overview of History, Developments, and Future
Karachi Scheme 45 is one of the most talked about buildings in the city today. Like many other regions in the vicinity of Karachi, Scheme 45 is also seeing rapid real estate development. The project has been stalled for quite some time, however healthy real estate activity in terms of business and development is evident now after the 2019 election. Today we will explore all about Scheme 45 Taiser Town and inform our readers about the latest developments in the area.
SCHEME 45 TAISER TOWN KARACHI
As we wrote earlier about Taiser Town, this project was started in 1986 by Karachi Development Authority (KDA). Ten years later, in 1996, this project was handed over to the Malir Development Authority (MDA). After this project was submitted, MDA relaunched this project in 2005. Taiser Town is basically located in the northeastern part of the city. Upcoming well-known projects of this area include Gulshan-e-Maymar. Dreamworld Resort is another popular water park located in the same area. The project is planned to house about 2.5 million people with the area extending to about 21,000 acres. The housing structure was divided into two phases. Phase I will have nine sectors, and phase II will have 30 sectors.
The Taiser Town Scheme 45 master plan was designed by The Engineering Consultants International Limited (ECIL). The design includes a wide range of facilities and amenities such as recreational avenues and parks for families. A total of 9,500 acres of the area has been earmarked for recreational facilities of the town. The housing association was planned so that it itself would be a small town. This means that the society will include all roads for commercial and recreational activities so that its residents do not have to travel far into the city to reach these facilities. One of the attractive features of the project includes the business district along Karachi North Bypass. This is one of the main routes in Karachi, which has a lot of potential for business opportunities as the route is well connected and offers easy travel to residents.
Initially, the area was viewed slightly away from the city center. However, the city is rapidly developing and expanding which is leading Scheme 45 to fame and people are now looking to invest in this project.
SCHEME 45 TAISER CITY: STATE OF DEVELOPMENT
Taiser Town still receives NOCs from service companies. However, this should not be a critical aspect for investors, as many real estate experts have predicted that prices will rise in the coming years. Therefore, Taiser city plan 33 will give a healthy return against medium-to-long-term investments.
Speaking of the development action, according to the official website of Scheme 45, the Taiser Town area will consist of the dedicated residential sector, commercial sector and mixed buildings. However, 10% of the total area of the project will be reserved for parks, playgrounds and for other recreational activities. In addition, the project aims to provide the following facilities for 1000 apartments each:
- places of worship
- Water treatment plant
- offices for useful departments
- wedding halls
- community centers
- bus station
- local post office
- fire stations
- police stations
- parking lots
- public toilets.
AVAILABLE EVAPS IN TAISER CITY
Buyers have a wide range of residential and commercial plots when it comes to the investment options in Taiser Town. As we mentioned before, the project was classified into two phases. Phase I has relatively higher prices compared to phase II. However even phase I is quite affordable for many investors. For example, you can easily get a 120-square-foot plot in a range of PKR 6 to 8 lakh. The cost of 80 square meters is about PKR 4 to 5 lakes. In phase II, you can get plots even at a lower price.
Authorities on foot get water, electricity and other services for the housing society. All projects are leased by the government, but the MDA has put in place a proper procedure to obtain your property in the name of the buyer. This procedure should not take more than a month. Most sectors of phase I have assets available, as major development work has already ended there. However, in phase II, development work is still progressing and properties will be available in the future.
Phase I properties include residential plots of land of the following sizes:
- 80 kv
- 120 kv
- 240 kv
- 400 kv
These plots are available in old sectors. The voting of these plots took place in 2005. However plots that were recently voted in 2019. are available only in 80 and 120 sq. M. Transfer fees for the plots in relation to size are as follows
- Rs 5000 for 80 kv
- Rs 6000 for 120 kv
- Rs 12000 for 240 sq. Ft
- Rs 16000 for 400 sq. Ft
In addition, authorities work with buyers to assist them in their respective construction plans. Every development for utilities like electricity, water and sanitation has been done. Since it is a government project, the government will provide service connections only after people settle here.
Despite the fact that ownership is available, people are not yet building here. The authorities are trying to entice buyers and investors to invest here given the fact that prices are still relatively low.
As we reported earlier, the overall demand for real estate in Karachi has almost doubled during 2018-2020. The plots saw a 49% increase in demand and demand for houses drastically increased to 103%. Meanwhile, housing demand grew by almost 120%.
The increase in demand is directly proportional to prices. This means that the increase in demand raises prices. We are also seeing this in the real estate sector. The average prices of various sizes of houses have seen the following increases.
- 120 square prices rose by 35%
- 240 square prices rose by 17%
- 400 sq yd and up by 13%
The prices for plots also showed a similar pattern. The jump in market prices for plots is as follows:
- 120 square yards increased 14%
- 240 kv. Yd up 15%
- 400 and up by 22%
These figures essentially reflect the fact that the demand and value of residential houses in the city is growing dramatically. It also indicates the importance of affordable societies like Taiser Town, where investors can earn a good profit in a short time. Moreover, people can also consider this option for living purposes with a minimum budget.
Rental Laws in Sindh – Comprehensive Knowledge for Landlords and Tenants
The rental laws became part of the constitution of Pakistan in the 1950s. The main purpose of introducing these laws is to define the rights and responsibilities of tenants and landlords. The laws are almost identical for all the provinces of the country including Sindh, Punjab, Khyber Pakhtunkhwa, and Balochistan with few additional clauses due to the territorial differences. However, despite these differences, these laws ensure that a rental agreement protects the rights and interests of both parties in every aspect without violating the law.
So, if you are renting or planning to rent your property to sign a rental agreement in Karachi, Hyderabad or any other part of Sindh, today we will discuss everything you need to know about the rights and duties of both. parties in accordance with provincial laws.
Rentals in Sindh
In Sindh, tenancy laws are under the umbrella of Sindh Leased Places Ordinance 1979. This ordinance defined the regulations on rental agreements to protect both interests of tenants and landlords for almost all situations to avoid disputes and conflicts.
So let’s find out what our law covers about the official documentation and issues related to rental contracts in Sindh.
Rental agreement between country and tenant
The rental agreement between landlord and tenant must be made in writing. The agreement must be signed by both parties and it must be attested by an official seal of the relevant authority associated with the jurisdiction where the property is located. You can also get this document certified by a First Class Judge or by any Civil Judge. These are the necessary conditions for the validity of a lease.
By law, the lease agreement must be renewed annually, otherwise, it would be considered invalid in court. The landlord is entitled to review the terms of the lease (within legal limits) and monthly rent after the renewal of the contract.
About the conditions related to Rent
The landlord must charge the rental amount, which has been mutually decided by both parties and clearly mentioned in the agreement. Although there is no specific date as the deadline for rental fees, however, according to general practice, tenants must be paid no later than the 10th of each month in Sindh.
The rental laws in Sindh ensure that the rental prices would be fair for tenants as well as for landlords. The laws protect the rights of both parties. According to the laws in Sindh, the rent of real estate cannot be increased by more than 10% annually. In addition, if the fair rent has been determined, it cannot be increased for a period of three years.
Here are some of the main points on the basis of which a fair lease of any particular property is determined.
- The rough analysis of the monthly rents for similar real estate located in the same or adjacent neighborhood.
- The increase in construction costs, repairs and maintenance costs.
- If there is any new tax after the start of the lease.
- An increase in the value of the leased property on the basis of the government imposed property taxes.
The owner cannot interrupt amenities and services
The law does not allow the landlord to discontinue any of the services and amenities including but not limited to service connections such as electricity, gas, or water unless this is announced in advance and decided with the tenant. However, the interim service providers may terminate such facilities on the basis of their organizational policy. Other relevant authorities may also terminate these amenities and facilities under any specific circumstance.
Maintenance is important
Repair and maintenance of the leased property is the responsibility of the landlord. However, if the owner is unable to do so for any reason, the tenant is entitled to perform the required maintenance.
In such a case, the landlord must pay the maintenance costs. The tenant may deduct it from rental costs if mutually agreed. However, the tenant pays documented proof of expenses incurred for the repayment.
Expulsion Laws in Sindh
Upon successful completion of the lease agreement, the landlord has the right to evict the tenant on the basis of legal eviction conditions. Eviction terms are almost identical across Pakistan. However, Sindh Rented Locises Ordinance 1979 has a number of additional clauses and requirements that must be met to avoid legal complications. The central idea of the additional clauses is listed below:
- The ownership of the leased property was transferred or sold to another person.
- If the tenant causes significant damage to the property, that could impact its property.
- If the major renovation became necessary for the area or reconstruction was forced by the modifications in the building regulations. However, once the reconstruction is complete, the tenant can re-apply for the assets.
- If the owner and their legal heirs want to use the site for their personal use, they are free to vacate the property after consulting the legal authorities.
- If the owner of the rented premises is a widow or orphaned minor or elderly person who is over 60 years of age. And this fact was evident when the property was rented, the said clause for eviction becomes invalid.
- Always remember that whatever the cause of eviction, whenever a landlord wants to evict tenants, they must write a request to the relevant authorities in accordance with the law.
Private Property Financing Options: Lender’s Guide
Most real estate borrowers run to traditional lending institutions to finance the properties they are looking to buy and sell. Banks, government support housing, and insurance companies are usually the preferred companies for real estate.
However stringent requirements and the long waiting period have become the main obstacles for most borrowers. And, for buyers who are looking to buy a great property, time is of the essence. Alternative financial arrangements aim to stifle these challenges. With fewer rings to skip, real estate investor-borrowers are more than willing to take advantage of unconventional lending options.
If you are an inexperienced real estate investor, I need to get acquainted with other loans, especially if you have outstanding loans from traditional financial companies. Read on to know more about private financing and hard money lending, as well as the pros and cons for investor lender and investor borrower. You read that right. In private financing, the lenders and borrowers can both be considered as investors.
What is private real estate financing?
It takes a lot of money to invest in real estate. As an investor, you can turn to either conventional or alternative lending methods as it suits you best. Private financing is one of the ways you can secure an investment. Often, private financing depends on the relationship between the lender and borrower. Most often, however, private financing for real estate can be in the form of private equity funds.
The main drawback of private financing is its flexibility. It can be used to finance a variety of real estate; from buying rental property to investing in a home, or as additional financing for new real estate construction. Private lenders also usually require fewer documents and a more lenient control and approval process.
What is hard money lending?
As a type of private real estate financing, hard money lending is an alternative financing plan that allows borrowers to use property as a loan guarantee. This means that the property used as collateral can dictate how much the lender can borrow, rather than alternative lenders relying on the borrower’s credit history and other circumstances.
Which leads you to the question; do you get a difficult loan? The truth is that it may not be suitable for anyone. Hard money lending works best for investor borrowers who do not have impressive credit but own valuable property. Placing property as collateral allows a borrower to access loans typically limited to those with impressive credit ratings.
Similarly, a property owner at risk of having property foreclosed may also use this unconventional real estate financial plan.
As with other private financial methods, hard money lending allows investors to participate in the real estate industry even without going through the lengthy processes of buying homes, or keeping and maintaining a property to be included in their investment portfolio.
A private lender must set criteria for qualified borrowers, and like traditional lenders, you may also be turned down for a loan.
What are the benefits and risks of private real estate financing?
Using private money to lend to a real estate borrower comes with its risks and benefits. Below is a list of a few points:
Advantages for the private loan investor
It’s a great way to earn a passive income. You don’t have to go through all the hassle of finding, buying or managing rental properties and other types of real estate. You just need to raise money to lend to the borrower and collect regular payments.
Due to the more lenient approval process, high-risk borrowers are allowed access to additional financing. This means that higher interest rates are imposed on private cash loans compared to traditional lenders. Investors can also enjoy higher returns.
- Who can become a private financial lender?
Being a private financial lender is ideal for the following categories of people:
- A real estate investor who wants to expand their portfolio
- A professional who has a high income career
- An individual who has considerable money reserves
- Emeritus seeking passive income
Generally speaking, anyone who is able to raise good money can lend their private money to borrowers. If you want to become an investor, have someone you can trust, such as a family member, as your first borrower.
However, it is not without its drawbacks. For example, the borrower you have chosen to finance may not be as financially savvy as initially thought. And as a result, you may lose instead of making money.
Additionally, the time and effort you have left to find and maintain real estate should be dedicated to research on real estate investors, and other important factors on the loan process.
Benefits for the private lender
As mentioned, private lenders generally have more lenient examination and approval processes, allowing borrowers to have better access to real estate financing. And, while alternative private financiers have their own criteria for ideal borrowers, they are nevertheless less stringent than others.
- What type of borrowers can take advantage of private financing?
Additionally, a real estate borrower who is planning or in the middle of the following projects looks more attractive to private lenders:
- House fins: If you are a borrower-investor who buys cheap houses and repairs it to resell at a higher price, you will find that private lenders save lives. Conventional lenders usually do not consider outdated properties and require too much time before they can release the money.
- Rental investment investors: Investors who need additional financing to rehabilitate rental property can also access private money. Look for a lender who wants to have a steady stream of passive income.
- Developers: These types of investors-borrowers are looking for useless land where they can build residential or commercial real estate. Because time is money in construction, these types of borrowers may not be willing to waste the lost time and opportunity waiting for monetary release. A private financier is a very tempting proposition.
Risks for the borrower
The only foreseeable risk to taking advantage of private financing is that you may not be able to pay due to the high interest rates. However, if you need money quickly and for emergency purposes, such as when you face foreclosure, it won’t matter much.
Do you have private funding?
Private financing is an alternative way to access finance for your real estate. The smoother and overall faster processing is tempting, but it can literally cost.
If you have a negligible credit record but need money for planned investment, quickly; consider asking lenders for private money.
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.
4 Ways Investors Can Increase The Value Of Their Investment Property
Every real estate investor aims to earn maximum profits. However, the market is experiencing rapid changes, and competition remains fierce. If you have a long-term rental property, it probably had one hundred percent occupancy when it was still new. Maybe you were able to capture a specific market segment earlier, facilitating revenue. But as economic fluctuations occur, they may also be devalued. Both can have significant effects on the future profitability of your property.
Thus, you may need to strategize how to increase the value of your investment property for future income. If you are a first-time investor, these stocks may not know you. To help you make such moves now, here are some ideas to consider.
1. Make It Energy Effective
Energy-efficient upgrades can help drop electricity bills. Investing in these green renovations could help you take out unnecessary expenses later. Instead, you can use your money for other repairs or developments for the property.
Energy-efficient systems, appliances and appliances can enhance the physical and even the social value of your property. Many tenants and buyers who adhere to “green living” practices would choose to pay a little more on rent or the overall sale price of a home if they could see improvements in line with their core values.
However such updates do not need to be fancy. Here are some simple ways you can strengthen the house:
- Change the windows to energy-efficient modeling units.
- Install bay blinds that can help block direct sunlight to keep the house cooler. Money can be saved thus by saving the electricity bills.
- Install solar panels and solar appliances.
- Install a smart thermostat.
- Install low-flow toilets and showerheads in the bathroom.
2. Improve Your Boundary Appeal
Limiting an appeal is a key part of your overall value. Taking care of the first impression of your property is necessary to attract the right customers. Thus, have a well-kept lawn, a guarded garden and a clean exterior.
Paying attention to the boundary appeal of your property, especially landscaping, can be quite costly. But having flower beds and trees could enliven a lawn. Depending on where the property is located, you may be thinking of some landscaping tricks to help with noise reduction and privacy as well. Adding a small fountain to your front yard may help eliminate traffic noise. Planting hedges can add extra privacy to the property as well, while beautifying the surroundings.
Although there are always cheaper options, consider the long-term advantage of an excellent investment over secondary work. Putting work and money in now could put more money in your pocket for the future. In addition, the limit of your property will greatly attract any potential buyers or tenants. Highlighting your house among others might be just the thing it needs to bring your future financial security.
3. Ensure Maintenance
The best way to ensure that your property will continue to yield a growing profit is to keep it preserved. Among tenants, make sure you invest in professional cleaning and small care jobs, whether it’s electrical work, gardening, plumbing, roof repairs, or pest control. These problems will not only go away on their own if they occur, and you will certainly lose out if your property is not desirable for the right buyer.
4. Update The Kitchen
The kitchen is one of the most important places in your home. If the kitchen of your investment is clean, modern and has that readable atmosphere, any serious tenant would consider it automatically. If you’re selling, know that many buyers inspect the kitchen first. That way, you have to make sure that it is always the best room in the house.
If you need to upgrade a bit, here are some things you can do to revitalize your kitchen:
Consider replacing old ovens and ovens originally installed on site. Look for appliances that can blend in or enhance the style of your kitchen to increase your home value. Upgrade older and outdated systems to avoid problems with your electricity as well. This way you can promise security to any interested tenant or buyer.
Brand new faucets:
It is also important to update taps. It won’t cost much for a simple replacement set, but it could make all the difference for your kitchen.
Brand new benchtops:
Refresh the kitchen with new benchtops. From granite to laminate or even wood benchtops, there are many options to customize your kitchen. Remember to look for options that are easy to care for but with a bit of style, as these are two aspects that buyers and renters will look for when inspecting a kitchen.
Cabinet and door repaint:
If the cupboards look a little old, but you don’t have the time or money to put in new ones, simple paint could make cooking from boring to fabulous. You’ll be amazed at what fresh paint can do for a kitchen.
Brand new modern handles:
After painting, you may also want to get modern handles for the doors and drawers. Look at projects in magazines or browse the internet to find a new style compatible with your kitchen. Like painting, this is a simple and easy method to breathe new life into a home.
There are several ways in which you can make the most of an investment property. One of the main tips is to keep it looking desirable and functional for potential tenants or buyers. You need to know how to play, so to speak, where to spend money and where to dedicate your time and effort in terms of improvements and repairs. You may have to spend a little here and there to come back more in the future – but it’s worth it.
The things discussed above – such as energy-efficient appliances and appliances, a focus on bright attraction, up-to-date care and attention to the operation and style of your kitchen – are just some of the ways you can ensure the value of your property will increase with the market.
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.
Here Are The Answers Of Most Commonly Asked Questions About Real Estate
Unlike Pakistan, many people in foreign countries sell and buy property through lawyers. Hiring a lawyer yourself is a very mobile process, but ultimately it reduces the risk of fraud and helps avoid legal complications. We in Pakistan rarely go to lawyers for property. We either do it ourselves or do it with inauthentic real estate. This practice leads to fraud and illegal deals many times over.
The real estate gurus always recommend involving a practical lawyer to take care of the legalities involved in real estate or at least an authentic real estate agent to completely guide you through the process. This will not only help you avoid potential fraud, but will also help you secure your investment.
The number of complications in real estate is very high. That’s why we always recommend our readers to have a basic knowledge of real estate-related things and terminology.
Today we will discuss some of the most frequently asked questions about the real estate market.
1) What is Shajra?
A detailed map of an area with land divided into pieces and each block is labeled with a specific number is called Shajra. Shajra includes all the details of each khasra, such as its size and location.
2) What is Khasra?
Khasra is that particular piece of land of Shajra that has been labeled with a specific number.
3) What does fard e milkiyat mean?
Fard e milkiyat is a registry of rights/registry haqdaran-e-Zameen. It is supported by the government authorities to determine the legal owner of the land and to keep a register of real estate rights.
4) What does Tattima Registry mean?
Register Tattima means additional sales test of hasasra. Means an additional sales test of a particular piece of land.
5) What is Baye-Nama?
The Baye-Nama or Register sales test is the document that creates a title in real estate.
6) What are some laws on the real estate sector of Pakistan?
Some of the laws in the constitution of Pakistan that deal with real estate are the following:
1) Transfer of Property Act, 1882.
2) Land Revenue Act, 1967.
3) Stamp Act, 1899
4) Registration Act, 1908.
In addition, always consult an attorney for real estate law counseling.
7) Can we use the farmhouse as an office space?
It is illegal to use a farmhouse for commercial purposes. However, there is an exception for some companies such as IT services, which can be operated from residential areas.
8) Do we inherit law in Pakistan?
Yes, Pakistan has several inheritance laws that apply depending on religious affiliations. For example, Islamic personal laws are for Muslims and people belonging to other religions have a hereditary law according to their religious leaders.
9) Can I buy a property in Pakistan as a foreign Pakistani without a visit?
Yes, a foreign Pakistani can easily buy property in the country without visiting Pakistan.
10) Do I have to record the transfer of real estate every time?
Yes, every transfer of real estate must be registered and delivered. It can be done only with a registered sales document.
11) What are the necessary documents to legally own a property?
The only document you need is a document to control the delivery of property in your favor. This may include other documents such as a deed of sale, a letter of receipt and a certificate of sale.
12) What does proxy mean?
A prosecutor is a powerful form, assigned to an agent of the principal to perform an act and deed for and on behalf of the principal. A prosecutor may also receive from person A to person B to appear before the court, tribunal, and authority to complete any real property or transaction. When it is allowed to authorize certain transactions, it is called an attorney general and it must be registered.
13) Can a person with a prosecutor’s hand over property on their behalf?
No, the person who is appointed prosecutor on your behalf has a fiduciary duty to act in your interest and do what you would do yourself, if possible.
14) Can I revoke my power of attorney?
Yes, you can revoke your proxy at any time.
15) Is my prosecutor for life?
A prosecutor can be for life and in that case it will end after death.
16) In which case is a prosecutor suspended?
As mentioned in the previous question, it can be canceled at the death of executioners and it can be canceled by the executioners in his life.
17) Can a mortgaged property be sold?
No, real estate mortgaged property cannot be sold.
18) What is stamp duty?
Stamp duty is essentially a government tax on the transfer of property.
19) Who has to pay stamp duty?
The buyer must pay the stamp duty. However, in some cases, sellers also undertake to pay for it themselves.
20) Which authority holds the country record in Pakistan?
The Department of Revenue of the District Administration is responsible for maintaining land records. They also decide the boundaries of property and possession.
21) How can I sell a property as a co-owner?
You may sell the property as a shareholder, but you may sell only the scope of your share.
22) How can we differentiate a will from a gift?
A will is only after the death of the creator, while a gift can be made for a lifetime. An owner is entitled to give all his property to the lawful heir during his lifetime, but he cannot do the same by will. However, a homeowner may give a will to give a third of his property to someone who is not the legal heir. And if this favor is done for a lawful heir, it requires the consent of all other lawful heirs.
23) What are the essentials of a gift?
There are basically three essentials of a gift:
1) Offer from the donor
2) Acceptance of the person to whom the gift is received
3) Transfer of possession
The Motor City Karachi – Project Details, Location, Features and Prices
The Motor City is a Sheikhani Group-themed housing project on North Karachi Bypass. The project is approved by Malir Development Authority, and it is currently developing rapidly. A project map has already been unveiled, and reserves of residential and commercial plots are being opened with easy installments.
The Sheikhani group company boasts of delivering more than 30,000 units during its 30 years in the real estate sector. The group aims to set new trends in the real estate sector of Pakistan by launching innovative projects.
As the name suggests, the Motor City is planned for car enthusiasts. The whole theme and master plan of this housing plan is designed for the specific category of people who love motorsport and want to enjoy high living standards.
Motor City is ideally located on North Bypass right next to MDA Office. It is located in MDA Scheme 45, and lies about 2 minutes from Dream World Resort and Gulshan-e-Maymar Karachi.
Following is the local map of The Motor City:
Here are some local features of The Motor City:
- Adjacent to Office of Malir Development Authority
- Against Dream World Resort and Gulshan-e-Maymar
- 8 minutes drive from Super Highway
- 15 minutes by detour
- 25 minutes from Jinnah Karachi International Airport
As most new housing projects are being developed miles away from this area, it is, therefore, one of the best housing options in Karachi today.
It is planned to be a luxury housing project with high standards of development and luxurious lifestyles. Because it is a motor sport, the main attraction of the society is its mega sports complex and racing circuit surrounding an entire society.
There are many sports facilities planned by the developers that are specifically designed for motor sports lovers.
Aside from the theme, the main plan of the project is quite interesting. It mainly consists of 4 different elliptical blocks interconnected. Each block has its own commercial market and park in the center.
You can download a high quality pdf map of Motor City below:
The Motor City Map
Here are some salient features of the project:
- Gated Housing Scheme
- 24/7 Security and Surveillance
- Sports and Recreation Facilities
- Parks, Shopping Centers and Masjid
- Provision of all Basic Services
- Underground Electricity and Sewerage System
- Modern Urban Planning
You can download a project brochure below for more details:
Brochure on Motor City Karachi
The company offers different sizes of residential and commercial plots in terms of easy installments. Reservations are available in the first row, hurry up first, so hurry up if you don’t want to miss this opportunity.
Here are the backup details of the Motor City:
- 125 kv. Yd | 250 kv
- 3-year easy installments
- Fees since PKR 63,091
- 205 kv. Yd | 300 kv. Yd | 400 kv
- 3-year easy installments
- Fees since PKR 217,199
Reservations start from a 30% down payment, while the remaining amount is payable in 36 monthly installments of 12 quarterly installments.
Here are the pricing and payment plans for residential and commercial plots:
TRC decides to refine system for valuation of immovable properties
The Tax Reform Commission, led by state revenue minister Hammad Azhar, on Monday decided to refine the system for valuing real estate, speeding up a process of tracking and tracing in the tobacco sector.
This would also include recommended procedures for taxing small entities involved in the retail trade, reports Business Registrar.
The meeting discussed the topic of real estate appraisal and informed the participants that using appraisal tables was a tentative proposal and is not a long-term measure to appraise such real estate.
Moreover, from a review appraisal each time, a constant solution for appraisal of real estate was proposed during the meeting.
And the issue of a link between bank accounts and national tax numbers (NTN) for broadening the tax base was also discussed during the meeting.
Therefore, it was agreed to investigate the likelihood of effectively using the data of the National Database and Government Authority (Nadra) to bring potential people into the tax network.
The meeting also accepted the recommendation of the Implementation Committee on Tax Reforms (TRIC) to draft a simplified return form for small and medium-sized enterprises (SMEs).
According to officials of the Federal Revenue Board (FBR), the holding in the pursuit of a track record in the tobacco industry has contributed to a massive revenue loss of 40-50 billion a year.
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.
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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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.
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 /
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.
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.