Mistakes to Avoid for New Real Estate Investors

If you are green and tend to invest in real estate, it is advisable to remember that this is an industry that requires a lot of preparation and proper planning to ensure success over time. As a first-time real estate investor, you need to be well aware of the various mistakes you and your fellow entrepreneurs are looking for along the way. Fortunately, most of them are avoidable through the use of appropriate knowledge and skills.

Once you’ve decided and decided to start the world of real estate investing head-on, here are some of the often-believed jokes that a first-time real estate investor should avoid and solutions to prevent them from happening.

1. Looking Through The Need For Training

As a first-time real estate investor, you will need to learn the basics of real estate trading and undergo proper training to be ready to move forward. With proper training, you are less likely to take false steps along the way. The training can come in the form of books, training sessions, seminars and many more.

If you want to learn more about the basics of real estate investing, take a look real estate forum and others may be of great help. Keep in mind that if you overlook the need for proper preparation, you are said to be more inclined to make a completely avoidable mistake at some point that may cost you a lot of money.

2. Invest Big Money Ahead

It is believed that one of the most commonly seen faults that most investors usually make is buying too big. Taking on a considerable investment while you are still new to the game is not a wise move. For example, buying a significant income property as a multi-family home can be expensive to get ahead of. Additionally, it is difficult and expensive to manage.

Avoid growing up starting with a smaller, smaller property like an apartment. A small investment is something you can afford without exceeding your set budget. It will also let you know what a farm is like and how it is managed. Once you finally master the basic skills of the company, you can steadily grow by buying a new farm every two years.

3. Underestimation Costs

Bourgeois real estate investors are usually advised to choose the rental property with a positive cash flow. It is important to keep in mind that the cash flow depends on the costs and rental income. In view of this, it is important to obtain an accurate estimate of these figures. In some cases, a new investor might overlook or forget about the repair costs or underestimate the price associated with finding the right tenant, reducing the potential overall profitability of the property.

4. Lack Of Previous Research

It is believed that many potential and indifferent investors are often deceived by the big promises of easy profit and dive into real estate without knowing how the business and the local market situation work. Like any business venture, you need to be prepared to handle the specifications and different aspects of real estate.

The best way to be prepared is to do prior research and read various sources of information before deciding on investing in wolf ownership. You can find online and offline (books, magazines) resources to learn various helpful information about the industry.

5. Excessive budget

Although most first-time real estate investors usually do not have a large budget, it is sometimes said that they may pay too much for investment property along with some services or professionals they work with.

The reason for this is other than a lack of working knowledge of the real estate industry. Although you will eventually learn and pick up important indications over time, a first-time real estate investor should not compromise the projected profitability of property just because they are new to the field.

Full reading taking advantage of the resources available and learning from individuals who have been investing in real estate for years should be your priority before making a move. One way to make sure you are paying the right price for a property is to do a real estate market analysis with the help of an experienced real estate professional.

6. Possibly Harmful Business Partnerships

Forging partnerships when investing in real estate might be the right move, especially if you are a first-time real estate investor with hard financial resources and limited real estate management skills. Unfortunately, a partnership can hide various disadvantages that can put you in an unfavorable situation in the long run.

It is recommended to avoid entering into a partnership immediately. This also applies to relationships formed just to buy a huge property or to have someone with whom to share the risks handled. If you want to enter into a partnership, you need to choose a caring company. Ideally, choose someone you can trust and at least know how the industry works and its internal workings.

7. Buy Too Small

The rental property in which you will put your money will depend on your available budget and financial choices. If you have a considerable amount of money, it is better to buy a slightly larger investment property than a smaller one that can only produce low income levels. Remember that a larger property will almost always provide you with better income options.

It is best to calculate your finances carefully including your savings, financial options along with rental income and accompanying costs. Based on your current financial status, look for a property that matches your practical budget range.

8. Investing Indecision And Cold Feet

A first-time real estate investor might be too hesitant to choose. It is understandable to experience having cold feet in front of something completely foreign to you. Unfortunately, your indecision will make you miss out on good deals that go quickly on the real estate market. Although care is necessary, being too timid will cost you considerable opportunities and opportunities in the industry.

You can make the right choices with the knowledge you have gained from research and training. They will serve to strengthen your confidence to make the right decisions with your investments over time.

9. Overestimate Your Projected Income

It is believed that some first-time investors often misjudge the amount of expected rental income expected from a given rental property. Keep tabs on the figures to avoid facing the opportunities of reduced estimated cash flow. Failure to properly perform prior assessments of the numbers can potentially endanger your property due to a negative cash flow, which is detrimental to it.

10. Property Location Concerns

In real estate investing, location is said to be a key element as it can determine several aspects that an investment property owns. They include house prices, types of real estate, the current market, rental groups, laws and guidelines, availability of other rental properties, and many others. But it is said that the location of investment real estate plays a crucial role to be addressed.

Although it may be easier to choose an option in your area because you know the details better, don’t overlook the option of overseas property if the local market is not a good investment choice at the moment.

The best way to make the right decision is to study the target market. Analyze price trends, costs and the like. Helpful data will serve as a guide if it is the right time for you to buy and manage an investment property in a specific location.

Conclusion

Once you choose to invest in real estate, make sure you are ready by learning the basics and essences to make the right and sound decisions while pursuing deals in this very little industry. Even a small mistake can cost you, which may leave your money wasted.

If you are aiming to make the right moves as a first-time real estate investor, the above mentioned list can serve as a guide for you to make the right decisions in the company and eventually achieve success over time.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.

Mistakes to Avoid for New Real Estate Investors

If you are green and tend to invest in real estate, it is advisable to remember that this is an industry that requires a lot of preparation and proper planning to ensure success over time. As a first-time real estate investor, you need to be well aware of the various mistakes you and your fellow
4 Tips for Selling a Home in a Bad Neighborhood

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 a 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.

For more information on the real estate sector of the country, keep reading Feeta Blog.

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

Real Estate Investing: Still a Smart Move?

Billionaire industrialist Andrew Carnegie once said that 90% of all millionaires earned their wealth by owning real estate. Real estate investing continues to be one of the best ways to make money and grow wealth.

Tax benefits, appreciation, diversification and protection against inflation are just a few reasons that people invest in real estate. Many like to own tangible assets instead of stocks or bonds.

For investors, there are many options, including single-family real estate, commercial real estate and Real Estate Investment Trusts.

There are properties available across a wide range of budgets. For example, a home mortgage in Virginia Beach, A VA with an average home price of $ 310,000 will be significantly less than a home in Ventura, California, where the average price exceeds $ 700,000, or in San Francisco, which now has an average sale price of $ 1.3 million.

Let’s take a look at the different types of real estate investing, check the current state of markets, and hear what some experts have to say for everyone.

Investing in Single Family Properties

Domestic values ​​in the United States have exploded over the past year. The average selling price for a home in May 2021 was just over $ 350,000 and the average selling price was up 23.6% more than a year ago, according to the National Association of Real Estate Agents (POMEGRANATE).

With mortgage rates still at some of the lowest levels in the past 50 years and charged demand after a year of life with the threat of COVID, most experts predict at least another year and a half of rising prices.

Not everyone agrees. A recent survey revealed that 41% of respondents predicted the house market bubble is created sometime in 2021 and will start pricing along with the downward slide. More than a quarter thought low prices would not occur until 2022 and 13% did not predict another housing market.

The economy that caused the housing crisis in 2008 was significantly different than in today’s market. In 2008, the housing crash was caused by subprime mortgages, which were written in record numbers, then put together and resold at an astonishing rate. The industry has learned a lot since then and is more cautious about lending. The government is also more experienced in protecting the housing market, such as the tolerance and market modifications it has made during the pandemic.

Investing in Commercial Real Estate

The commercial real estate market is recovering more slowly and has not yet reached pre-COVID levels, according to the NAR.

Performance for large-scale commercial real estate decreased by 28% year-on-year after 1 2021. Transactions for portfolios exceeding $ 2.5 million decreased for all types of real estate except hotels. For smaller commercial real estate portfolios of less than $ 2.5 million, transaction volume decreased by only 1% year-on-year.

Prices are also falling, as average real estate is up 6% less than a year ago.

Experts expect the market to continue to recover, but fear that employment trends could impact some sectors of commercial real estate. With companies shrinking and increasingly allowing employees to work from home, there are some concerns that organizations will need a smaller footprint. The Wall Street Journal, for example, reported on this 42 million square foot of office space was marketed in Q2 and Q3 of 2020.

Real Estate Investment Trusts (REITs)

There is also growing activity in Real Estate Investment (REIT). REIT is backed by a company that uses investment funds to buy and exploit income real estate. They are bought and sold in the market like stocks. These have also become attractive to investors who want to include real estate in their portfolios but do not want to make a traditional property.

REITS, in essence, works similarly to dividend-paying stocks. They have to pay 90% of their taxable profits in the form of dividends to maintain their REIT status, which allows them to avoid paying corporate income tax.

REIT shares buy and own buildings. Mortgage REITs provide real estate and may include mortgage securities.

While REIT decreased by more than 5% in 202, according to the FTSE Index Nareit All Equity REIT, many fund managers have a positive outlook for REITS in 2021.

Is Real Estate Investing Right For You?

Currently, high valuation rates and negative yields of many government bonds are not aimed at attractive bids. Interest rates, expected to remain low at least until the end of the year, will continue to make real estate investment attractive options for many business borrowers.

Investors should always compensate for any investment against other potential opportunities. Every investment is subject to risk.

Whether real estate investing is right for you and your investment portfolio will depend on the totality of your finances, risk tolerance and investment goals.

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

Real Estate Investing: Still a Smart Move?

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

Business Property: Buy for Multipurpose

Buying any Business Property is an important decision, but the universal property is one’s own animal. Rather than dominating one sub-asset class within the real estate with a focus exclusively on renting offices, apartments, warehouses or retail space, a different approach is needed.

Here’s what you need to know to buy and manage a universal building less try.

Thank the Class of Construction and Risk Involved

Commercial buildings come with a classification. The ratings for office buildings usually range from class A to class C property. Other types, such as retail stores or industrial buildings will be designated differently. Understand clearly how universal buildings are classified to assess the level of risk you are taking. While their skill with different uses improves their usefulness, it may increase the risk.

Look at Similar Buildings to Get an Idea About Companies

Look for listings for similar buildings including past sales to have a clearer idea of ​​applicable compilations for purchase prices per foot. Compare what they offer, including not only the various sizes of usable space within a universal structure but also support services. Useful extras like parking and other facilities can save employees or visitors money and time to find a place to park, so they are worth the extra cost.

Consider the Local Market

Let’s say you look at a building that can be used as a meeting place, storage room or as gym, how hot is this in the area? A multi-purpose building will attract some organizations more than others. While the flexibility might appeal to a Scout group, it is less applicable to a company looking for dedicated office facilities. Can you find local examples of fully rented universal buildings? Can you talk to the owners to understand how well this style of real estate works in their city or town?

Get Right Insurance

When it comes to commercial property insurance, you will want to make sure you get the right insurance. There are many types of insurance to cover commercial buildings. A multi-purpose building is unique and not every insurer will feel comfortable covering it if they don’t fully understand it. Find the right insurer who strongly understands how this type of property changes, depending on what the tenant is demanding. As a result, there will be no question marks about coverage due to how the building was used.

Get the Discount on Current Rentals

Will the building be acquired with existing tenants over a long lease? Or will they need to be replaced soon enough? Can you talk to the current tenants to discuss their future plans for staying or moving to another location or another building? While all plans are changeable, it helps to get a basic idea.

Assuming an existing building with happy business tenants on long-term leases is completely different from one that has been partially vacant for months. Although the current owners of buildings may have reasonable sound reasons for a long-term vacancy, it does not change the fact that it will affect cash flow and the ROI going forward.

Develop a Marketing Plan

Kia marketing plan do you have for the building? The effectiveness of it and the cost of securing new tenants after each vacant need must be taken into account. When there is a significant gap between arranging a new commercial property lease, that is lost revenue. If you can find out what marketing has been done before, and how successful it has been, this is useful information. While you may be deciding on another approach, it may at least provide a path for research.

Check Zoning

Any commercial building, it will have zoning that is valid for it. The zoning confirms to what use the building can be used and what is also excluded. Therefore some commercial activities may be allowed while others are not disputed. Depending on the zoning and any restrictions, it could make a building less marketable than it would otherwise be. Examine this carefully to avoid possible roadblocks to getting a reasonable ROI.

Getting a satisfactory investment return from a universal building is somewhat different from other types of commercial property. Its flexibility is either a blessing or a curse, depending on your point of view. However, thank you for changing some considerations as an investor in commercial real estate.

Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.

Business Property: Buy for Multipurpose

Buying any Business Property is an important decision, but the universal property is one’s own animal. Rather than dominating one sub-asset class within the real estate with a focus exclusively on renting offices, apartments, warehouses or retail space, a different approach is needed. Here’s what you need to know to buy and manage a universal

A Guide To Buying Your First Investment Property

As a new investor, buying your first investment property can be an exciting decision to make. Primarily investment property refers to land or a building owned and held by the owner to raise rents, increase capital, or both. Thus, with the growing demand for such properties, it can be a great way to generate profits and add diversification to your portfolio.

A house model with a real estate agent and client discusses a contract to buy a house, insurance, or a real estate loan.

Considerations In Buying Property

However, buying an investment property can be a complicated and overwhelming venture. There are many considerations to ensure that the process will be as productive and smooth as possible. If you are buying an investment property for the first time, here is a considerable guide:

1. Choose The Type Of Property You Want

You have to choose the type of property you want when buying one for your investment. Here are the specific types of properties you can choose from:

  • Housing: These are sought after properties due to the rising house prices today. Many families are also looking for homes that make them good real estate investments.
  • Improved properties: These also attract investors who want to invest in older buildings because of their character and charm. These properties are often renovated to meet modern standards and generate long-term profit from them.
  • Unplanned features: These are properties that can be purchased even according to the planning or development stage. Among the various types, off-plan real estate is also popular among investors because of its lower costs, the potential for capital growth and many more.

As you can see, there are various types of investment real estate for sale. If you want to better understand the properties in which you can invest, check out reliable resource websites like thepropertydaily.co.uk and others may be a good idea.

2. Factor in the Place

When looking to buy your first investment property, it is important to take into account the location before you decide. This means exploring the areas based on several considerations such as the strength of the site, the level of demand, the potential for capital growth, rental yields, and many more. Also, if you want to determine if a certain location can provide investment success, you need to look into regions with good and favorable forecasts of price growth.

Additionally, when considering the location, be sure to understand who you want your tenants to be. This can help you identify which area is right when you decide to buy an investment property. For example, if you want your tenants to be families, then you should choose a location with local schools nearby.

3. Secure Financing For The Investment Property

Another important thing to do when buying your first investment property is to secure financing. Generally financing an investment property can be more expensive than buying a primary house. There are some qualifications you need to meet before the lender can provide you with the financing you need. The reason for this is that mortgages with investment real estate are considered riskier than loans given to homeowners.

Fortunately, there are several financial choices. These may include:

  • Convention funded: This refers to a loan obtained from a bank in which your approval depends on your qualifications, including your income, debts, employment situation, credit score and many more.
  • Active loans: These are alternatives to conventional financing, in which the basis for the loan qualification is the investment property itself as collateral instead of your personal qualifications. However, a valuable lender can still check your credit score to determine your interest rates and loan qualification.

4. Cash Flow Analysis

When buying your first investment property as an investor, it is also important to do a cash flow analysis to determine whether the property generates more income or not. For example, don’t assume that even if your mortgage is worth $ 350 USD a week and the rental cost of your investment property is $ 400 USD a week, it can generate a positive cash flow over time.

To determine if your property provides a good cash flow, you may need to analyze all of your expenses as well as income. Unfortunately buying and managing investment property has a lot of expenses like property management fees, insurance, repairs and many more.

As such, it is best if you know what they are, their impact on your investment and when you will pay for it. By doing so, you can properly prepare yourself for your finances and ensure that it will positively cash in and benefit most from your investment.

5. Negotiate About Price And Terms Of Arrangement

When you buy your first investment property, one of the best things you need to do is negotiate not only the price but also the terms of the arrangement. Typically the price can be negotiated during the sales process. While you are willing to negotiate with compromise, patience and organization, you can convince the owner to sell the property at your bargain price.

In addition to the price, you should also learn to negotiate under certain conditions by buying an investment property. For example, you can request a delay in setup dates, depending on the situation. You can also try to negotiate the amount of deposit you have to pay to make the deal more beneficial for you and your investment efforts. With these things in place, you may increase your chances of winning real estate negotiation.

Invest
Real estate investment, money saving for buying a new home, financial wealth management concept Wooden block on stacked coins with wooden house model. Presents the growth of the real estate business.

Enveloping

Actually buying your first investment property can be an overwhelming venture as an investor. Because a huge amount of money can be involved, it’s important to remember this guide so you’ll know how to navigate the process more effectively. By doing so, you will be ready to dive into the real estate investing game and generate more returns over time.

For more information on the real estate sector of the country, keep reading Feeta Blog.

A Guide To Buying Your First Investment Property

As a new investor, buying your first investment property can be an exciting decision to make. Primarily investment property refers to land or a building owned and held by the owner to raise rents, increase capital, or both. Thus, with the growing demand for such properties, it can be a great way to generate profits

Hire a contractor? 3 Tips To Prevent Cheating

Do you have a big construction project you need or a garden that needs renovations? Well, after you’ve done all the little pieces, you may want to think about hiring an entrepreneur to do the rest of the work in a high quality way.

However, you don’t just want to pick the first person you see online. Unfortunately, there are people out there who will try to trick you by posing as a suitable company. Therefore, you need to be smart and take your time while choosing a company or individual to hire.

If you’re wondering how best to protect yourself from scammers, read on. Here are 3 tips to help you stay safe while hiring workers.

1. Check their Certificates

When you check a company, whether you find them online or call to get a price, check the company’s certificates.

You can ask about the insurance the company has in case of damage. See what contractors can do, as some of them might perform the role of an electrician as well as builders, but make sure you know what they can and cannot do.

You also want to make sure that the merchants can complete contract work within your area and have the right licenses. You can learn more about what these licenses cover by searching for websites that provide state licenses, contract courses, and NASCLA exam prep materials.

It may seem a bit extreme to do this amount of interrogation, but you’ll save yourself a lot of trouble later down the line. Also knowing ahead of time that all workers are qualified, with the right licenses, insurance and skills, will give you peace of mind.

2. Check out the Reviews and Ask Around

One of the fastest and most effective ways to check if a company is legit is to check their online reviews and ask other people what their experience was like. Some companies will have their reviews readily available. For others, you may have to become a detective and search around. First, check out a few different review websites to gauge the overall standard of some companies or independent contractors.

This is the best time to send some messages to friends and family and see which ones they might recommend or, conversely, which ones they would avoid. Word-of-mouth reviews are just as valuable (if not more so) as the ones you find online.

3. Take a look at their website

Most of your research will likely be done online, so from the first click, you can assess how reliable a company can be. Take a look around the website before you start reading too deeply about the services offered. Watch out for anything feeling off or suspicious.

First, if you open the site and it seems like it hasn’t been updated in 10 years, you may want to step back quickly. Then, if you enter the site and there are a lot of spelling mistakes, repeated content or anything that seems poorly maintained, it will cause you to raise an eyebrow.

Anything you see that makes you feel a little suspicious or anxious about a website, go away.

Start Exploring

No matter the size of the project, it is an expensive endeavor to hire a contractor. You want to give yourself the best opportunity to avoid cheaters and hire the most legitimate entrepreneur or company for the job.

It might be a little superfluous to research and question your desired entrepreneur, but in fact, you may save yourself a lot of trouble later. Be safe out there!

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.

Hire a contractor? 3 Tips To Prevent Cheating

Do you have a big construction project you need or a garden that needs renovations? Well, after you’ve done all the little pieces, you may want to think about hiring an entrepreneur to do the rest of the work in a high quality way. However, you don’t just want to pick the first person you

Rental Properties: Complete Maintenance Supervisor

Good care of your rental properties ensures that you can have tenants everywhere as the property will remain attractive and appealing in the real estate market. You can do maintenance to fix some problems or upgrade some aspects of the properties to keep them updated with the current properties.

Booking wolves can be difficult if you are new to the real estate market. For example, the needs of your tenants may change from time to time. Additionally, property maintenance requires that you carefully monitor your property or that an administrator manages the property and informs you of areas to be cared for. If you don’t have an eye anymore to look at your rentals, things might fall apart. When you realize it, the cost of the repair could be already very high.

This article gives you a complete checklist that you can use to make sure your property is well maintained.

Check The Roof

A good roof in the right condition ensures that your tenants are protected from external conditions, such as storms, rain and the hot sun. It will also regulate the internal temperature.

Confirm that all tiles are in place and undamaged. Check if nails come out and if rays of light penetrate the roof. All of these are signs of roof damage and you need immediate action. Get a professional to perform your roof repair or contact the company that helps you preserve your property.

Inspect the Cellar

It is good to check the cellar once or more a year. Check if molds and pests intrude on your property. Often this area is forgotten. Leaving it unattended can make your basement ugly and can cause your tenants to start disliking your property.

Do Deep Cleaning

Deep cleaning of your rental property is important at least once a year. This keeps the property in good condition and prevents any dirt from accumulating on the property. Deep cleaning also causes reduced rent from tenants, which is your goal as a landlord.

Try Every Emergency Alarm

Installed carbon monoxide and smoke detectors are key to saving the lives of your tenants. The best time to confirm if they work perfectly is in summer and spring. Moreover, most alarms are equipped with a test button and the batteries are designed to operate for ten years. So try every device on your property at once.

Replace batteries that are already ten years old. You can replace them even if they are not yet ten years old. This optimizes the operation of the devices. If you own a multi-family farm, remember to try shared detectors.

Inspect The Outside

Maintenance not only for the interior of your house but also for the exterior. Check for water damage causing leaks. Also, check for blockage of the sewer lines and unblock them. Also, remove leaves from the drains. Consider doing this before and after each rainy season. Blocked drains can cause wastewater to seep into the storage tanks. Therefore any damaged drains need to be repaired or replaced.

Also, make sure the garden is in the right condition. Remove protruding roots that are likely to cause accidents. If there are branches broken and falling on the houses, you must carefully cut them so that they do not damage your property.

Change The Filters

In your checklist, remember to regularly change the dishwasher, AC and hood filters; you are expected to do this every three months. If you have any water filters, you should also replace them as well.

In the long run, doing these steps will save you money. This is because it will keep your devices in good condition for a long time and you will also avoid breaking down, making your tenants happy.

Inspect The Fire Extinguishers

Make sure the fire extinguishers you have on your rental property are good to use to avoid any kind of fire tragedy. Look at the expiration date and inspect for any signs of wear and tear on the package. Check to see if they are also located in places where they can be easily accessed.

House Keys

Conclusion

Always make sure your tenants have a checklist that they can use to track everything, as your tenants can also help you identify areas that need your attention. Create a quick response mechanism whenever a problem arises to prevent it from getting worse. By following this checklist, you can keep your property in good condition for a long time, ensuring that your tenants are satisfied with your services.

Stay tuned to Feeta Blog to learn more about architecture, Lifestyle and Interior Design.

Rental Properties: Complete Maintenance Supervisor

Good care of your rental properties ensures that you can have tenants everywhere as the property will remain attractive and appealing in the real estate market. You can do maintenance to fix some problems or upgrade some aspects of the properties to keep them updated with the current properties. Booking wolves can be difficult if
5-Things-to-Consider-When-Buying-Luxury-Residence-for-Holidays

5 Things to Consider When Buying Luxury Residence for Holidays

Property has long been considered among the best long-term investments available for Buying Luxury Residence. Although it can fluctuate like any other growth opportunity, it remains consistently among the best ways to make your money work for you.

Some prefer to invest in their local environment, while others have broad portfolios where returns may matter more than specific locations. However, it is worth considering luxury vacation rentals for those who are willing to provide active management through their portfolio.

It is a more practical investment opportunity than buying and renting a family home for obvious reasons. However, suppose you have the time to devote to management. In that case, you might discover a world of amazing returns, because people are basically willing to spend a lot more weeks in paradise than they would make their usual living.

If you’re considering investing in luxury real estate, here are our top five considerations to make before diving.

1. Size or Quality – Or the Best of Both?

When investing in real estate, many people prefer to go as big as they can afford. Although not always the case, more significant initial expenditure leads to much higher returns. Unless you choose a furnished property, the quality of housing, at least beyond the appliances and appliances, is less urgent. Long-term tenants often like to put their own stamp on a property, and they can be trusted to bring their vision of quality to life.

Holiday rentals differ in many ways, and no less than renters will arrive waiting for everything needed to enjoy their trip away. It is essential that the interior of the property screams “luxury” only from the photos.

Conversely, size is not necessarily that important. Even in the most luxurious places, many vacationers consider their accommodation as somewhere to sleep and a little more. A luxury apartment in Miami needs certain excellence to encourage people to travel. However, these regions have too much to offer to consider spending a holiday inland.

Ideally, you will be looking for balance, especially investing for the first time. Get too big, and you might get rid of a part of the rental market that doesn’t need all that space. Save on quality, and you may lose market share willingly to pay a premium for their housing.

2. Location

Some rental investors prefer to keep their portfolio within easy driving distance, often so that they can deal with issues inside their properties. Others are happy to leave the additional work to suppliers and individuals and have more opportunities to arrange investments vary and widely.

That remains a consideration for luxury investment real estate, but the priority is to find real estate with a growing holiday market. There are obvious candidates, like New York, Orlando and Las Vegas, but the concern for investors is that the holiday attraction often has a price already. If part of the investment strategy involves significant, recurring returns compared to the initial expenditure, this can be difficult.

Ideally, the best investment opportunities land somewhere that will likely support filling the property to capacity all year round, without being in one of the nation’s travel hotspots.

If you don’t require easy access to the property itself, it’s worth exploring upcoming locations instead of set up locations. Portland, Baltimore and Greenville are not yet necessarily crown jewels of the tourism economy. However, a gradual increase in demand can accelerate the overall value of the investment without paying an initial premium.

3. Evaluate the Numbers

A luxury holiday rental investment will have potential investors dreaming of idyllic places, exotic drinks and huge parties. However, it is a mistake to consider investing as nothing but raw numbers if the return is the priority.

The same rules that apply when choosing a long-term tenant property also apply here. Will the rent probably cover the mortgage and maintenance? How likely will the property increase in value over time compared to other areas?

Initial investors especially assume that there is little nuance to real estate investing; you buy somewhere, rent it and profit. However, without significant luck, this rarely happens. Renting real estate involves finding regular tenants, increased cleaning schedules, possibly frequent repairs, and more. A successful investment can pay off handsomely, but it requires diligence, and this should start with clean numbers.

4. Age and Maintenance

The older a property, the cheaper it is likely to be, which is likely to attract investors. Lower costs mean less risk and possibly greater leverage in return. However, a potential buyer looking for luxury housing to attract a high quality clientele needs to be clear about the minimum standards they expect.

The definition of “luxury” is evolving, and high-quality tenants often expect the newest and best of all, at least to a certain extent. What was top of the range ten years ago probably isn’t today, and what once marked housing as luxurious could now prove detrimental to attracting the right residents.

Again the facts and figures have to be decided. Lower initial investment due to age may require additional funding to improve it for the desired target market. Conversely, heavy investing from the start will almost guarantee a few years of luxury, but updates and revisions will have to be considered. Ongoing costs for maintenance should form part of the initial plan. Real estate where residents come and go and have no obligation to treat your investment as a home can easily bear higher maintenance costs.

5. Self-List or Property Manager

If you enjoy investing locally but currently do not live in a holiday destination, you may need to leave your comfort zone to make an investment.

Even if you’re happy to do everything yourself, there’s a lot more work to own and, more importantly, fill a vacation rental than a family home. As an owner, you are allowed to set the rules so you could ascertain minimum and maximum stay lengths, but this needs to make sense depending on your target market. Do it yourself, and you should be ready to become a part-time property manager on your own, so be sure to take that time into account in your returns.

The alternative is a professional real estate management service. Such a service will eat up profit margins on the investment and will affect the planning stages. However, a prudent choice can pay dividends, especially to leave the hardest part of the process, finding occupants, to someone else.

Naturally, the sky is the limit when it comes to managed investment real estate. This could extend to cleaning between rentals, repairs and maintenance, and everything else that keeps the apartment in the best condition. New investors should strongly consider this option, as it is easy to overlook the time investment that lies next to the financial one when you start diving.

For those who want to access the high-end rental market and may have some break themselves at a reduced cost, luxury rental makes perfect sense. Like any investment, it is important to make sure the numbers add up. It is equally essential to understand the need for sustainable investment as well, as management, maintenance and fees also play a role. There are amazing opportunities out there and a lot to consider when you invest in this way. Ultimately, relying on the numbers is important as this property becomes the ideal growth strategy.

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

5 Things to Consider When Buying Luxury Residence for Holidays

Property has long been considered among the best long-term investments available for Buying Luxury Residence. Although it can fluctuate like any other growth opportunity, it remains consistently among the best ways to make your money work for you. Some prefer to invest in their local environment, while others have broad portfolios where returns may matter

Water Damage Restoration Master’s Guide

Water damage restoration is the use of professional services to remove water on your property and return it to its normal state. If you leave water on your property for long periods of time, you expose yourself and your tenants to health risks. Stagnant water and moisture are the best conditions for the multiplication of bacteria and the growth of molds.

Common causes of water damage include broken and leaking water heaters, burst pipes, excess toilets, flooding as a result of storms and hurricanes, leaking roof holes and fires that require a lot of water to extinguish.

Types Of Water Damage

  • Water from a sanitary source, but good for human use
  • Water is relatively polluted, with the possibility of causing illness and discomfort when using it
  • Extremely polluted water and full of pathogens and toxic agents.

To be aware of what you need to do if you experience water damage in your home, read the steps described below.

Stop The Stream

More water in your property can cause more damage. If you are not at your property and your tenant calls to inform you of water damage, direct them to turn off the supply of your property. Landlords must inform their tenants where the main water supply is to turn off the valve when necessary.

They may not have to turn it off due to water damage from blast pipes, but because the storage tanks are full and spillage is damaging your property.

Contact Professionals

You should contact experts immediately, as stagnant water around your property is a health hazard for your tenants and your family if you share the same compound. Professionals like Moisture Master Pros LLC will thoroughly inspect the level of damage, determine the type of water damage and identify the areas affected. This step is important to create an effective strategy to begin the restoration process.

Water Removal

In the event that a lot of water is removable, water removal experts will pump the water and drain your home after the water has been removed. If water damage occurs in industrial environments or indoor commercial dwellings, you must use the right dryer immediately to reduce the risk of property damage and endangering the safety of the residents.

Humidification And Drying

The professionals you contact may be able to use commercial air movers, air scrubbers, and humidifiers along with other restoration water equipment. Once much of the water has been extracted, it may be necessary to use more specialized equipment that can remove water from places that are more difficult to access.

Experts use less intrusive drying methods to suck up residual water and moisture from your property through the use of humidifiers and air movers.

Making Necessary Repairs

Broken water pipes need to be replaced or repaired. Damaged toilets and sewers also need to be repaired. Let your contracted professionals repair your leaking roofs.

Healing and Cleansing

Many times when the aftermath of water damage affects things like clothing, furniture and other personal items. Professionals can help you heal them with antimicrobial treatments and remove bad odors with fog equipment and air scrubbers.

Know What The Law Says

After a water damage disaster, it might be hard to tell who should provide the cost of the water removal and the repairs: you as a landlord or your tenants. This must be guided by what the law says. That way you have to be careful not to break the law and risk mitigation. If it requires you to relocate your tenant to another location when the matter is settled, you can go ahead and do so.

Seek Insurance Compensation

If you had landlord insurance covering water damage, inform your insurer of the situation and fill out the documents to claim the compensation. The agent will determine what you need to cover your loss. If you are experiencing challenges from the insurance company, you may want to consider hiring a lawyer to help you get legal justice.

Conclusion

Water damage can range from mild to severe. Whatever the case, you need to follow the above steps to restore your belongings and services. Let professionals do the work for you by pumping the water, drying and dehumidifying your belongings, cleaning and sanitizing household items, and doing minor restoration work, such as replacing wall panels or doing major reconstruction, like building new rooms on your property.

For more information on the real estate sector of the country, keep reading Feeta Blog.

Water Damage Restoration Master’s Guide

Water damage restoration is the use of professional services to remove water on your property and return it to its normal state. If you leave water on your property for long periods of time, you expose yourself and your tenants to health risks. Stagnant water and moisture are the best conditions for the multiplication of

A Beginner’s Guide To Investing In Real Estate Notes

When most people think and plan to invest in real estate, the plan is usually to buy a property and grow it to raise its value or rent it “as is.” It could be a single or multi-family home. Other ways to invest in real estate include investing in stock units, commercial real estate or strip centers. These ways of investing help you generate income, receive tax benefits and grow your wealth and equity.

However, although these are the most common ways to invest in real estate, they are not the only ones. There is another way called a real estate investment or mortgage note. Follow this guide to learn what it is and how you can start investing in real estate.

What Are Real Estate Notes?

When you want to buy a property and can’t collect the money at closing, find a lending institution and look for a loan. The lending institution gives you money to complete the purchase, and in exchange, you sign a bill of exchange and mortgage documents.

The note describes the loan and the obligation to pay it – how much you borrowed, from whom, the payment schedule, and all the details of the terms agreed upon between the lender and yourself. As for the mortgage documents, they guarantee the purchase of the property, such that if you do not honor the money, the lender assumes a legal right over the property.

What Does Real Estate Invest in?

This is when a lender chooses to sell a mortgage to investors willing to buy them. The investors then start collecting the loan repayment and interest from the borrower. This means that when you invest in real estate, you buy debt and become the new lender.

Types Of Real Estate Notes

There are two broader categories of real estate: notes presenting and non-performing notes.

  • Presenting Notes: This is when the borrower quickly repays his loans. Although lenders will rarely sell these types of tickets, sometimes they do. Your main focus here should be the current income you will receive in repayment and interest.
  • Side Notes: This is when the borrower stopped paying, causing the lending institution to sell the ticket. That means you will buy a debt that is not taken care of. There is a possible risk of losing your investment, especially if the loan is unsecured. However, you can use this as a basis to negotiate a good discount for the ticket.

Ways to Handle Non-Presentation Notes

If you go ahead and invest in an inefficient ticket, there are two ways to deal with the situation to make sure you don’t lose your investment.

  • Adjust the terms of the note: The first thing is to try to recoup your investment and get the borrower to repay. You can choose to extend the repayment and lower the repayment. When the payments are lower, maybe the borrowers can afford to start making their payments.
  • Assume ownership of the property: If the borrower does not pay at all, you can take over the property and either turn it over or rent it out and start collecting Lula income.

Where to Buy Real Estate

Banks are the main sellers of mortgage notes. They usually have a reserve related amount that limits how much they can have in reserve for lending purposes. If a bank suffers from low liquidity, they sell its loan to private investors, other banks or hedge funds. You can buy notes from these buyers, as well as from other investors like you.

Advantages of Investing in a Real Estate Note

If you feel confident enough to start such real estate, some benefits will follow if it works for you.

  • You earn a passive income without the burden of maintaining the investment property.
  • You may be able to win a good return on investment if you manage to negotiate better interest rates with the borrower.
  • Low running costs like loan servicers are relatively affordable.

Disadvantages Of Real Estate Note Investment

There are always two sides to the coin, and ticket investing can be risky and may not be suitable for every real estate investor. Here are some disadvantages to investing in real estate:

  • It is a risky investment, especially for non-performing notes.
  • It can be difficult to ascertain how profitable a note investment will be, as many factors determine how an investment goes.

Final Thoughts

Real estate notes investing is a choice from the traditional ways of real estate investing. It can be a profitable investment if you take a risk and have some experience. If you choose this method of investing in real estate, the best way to determine a good note investment is by valuing the property secured by the note. When you buy the papers in relation to the property, always make sure that the guarantee is a quality asset.

Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.

A Beginner’s Guide To Investing In Real Estate Notes

When most people think and plan to invest in real estate, the plan is usually to buy a property and grow it to raise its value or rent it “as is.” It could be a single or multi-family home. Other ways to invest in real estate include investing in stock units, commercial real estate or
How-the-Construction-Sector-Can-Benefit-From-Vertical-Development-of-Cities

How Cities’ Vertical Development Benefits Construction Sector

Introduction

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 the 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 of 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 these 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.

Conclusion

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.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.

How Cities’ Vertical Development Benefits Construction Sector

Introduction 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

Lahoris are ready for apartment living – if only the real estate agents would let them do it

About apartment living, In a speech to parliament in 2016, current prime minister and then opposition member Imran Khan defended his possession of an apartment in London. This was the height of the Panamanian newspapers and discussed the different apartments and flats that they had or did not own by Prime Minister Nawaz Sharif. During the speech, Imran Khan mentioned an anecdote in which, when he bought his own London apartment in the 1990s, he told Mian Nawaz about it at a social gathering. Curious about this, Mian Nawaz asked what a marquee was, and Khan diligently explained that it was the top floor of a building. To this, Mian Nawaz quite seriously asked what Imran Khan would do if a tornado occurred and the upper apartment was blown up in it.

The little story got bipartisan laughter from the house, but what it also did was say something about the Lahori obsession with land ownership, and the resulting reluctance to housing and vertical growth. Karachi is still the largest city in Pakistan, but by some means, the larger metropolitan area of ​​Lahore can now be almost equal in size, if not already a bit larger. However, for most of its history, the residents of Lahore have avoided the notion of vertical expansion of the size of their city, making it difficult to find housing in the city.

This was largely attributed to the “Punjabi mindset” of wanting to own the land under your feet. And while that has been a seemingly reasonable cultural explanation for a long time, another explanation is that so far Lahoris have probably never needed to depend on housing. With a smaller population and no need for mass labor, Lahore was a metropolis that mostly kept in its residential areas either cramped but flat enclaves or large suburban living conditions in its more posh places. But as the city expands rapidly, Lahoris will have to get used to housing.

However, in recent years there has been a movement toward this, and several real estate developers are investing in the construction of residential houses in the city. And indeed, some of them have become quite advanced: it is now possible to buy a $ 1 million apartment in Lahore, at least as much as listed prices on Feeta.pk. And although all of this sounds very promising, there are major setbacks due to how the regulation of apartment buildings in Lahore works.

Stay tuned to Feeta Blog to learn more about architecture, Lifestyle and Interior Design.

Lahoris are ready for apartment living – if only the real estate agents would let them do it

About apartment living, In a speech to parliament in 2016, current prime minister and then opposition member Imran Khan defended his possession of an apartment in London. This was the height of the Panamanian newspapers and discussed the different apartments and flats that they had or did not own by Prime Minister Nawaz Sharif. During
Factors-That-Govern-the-Real-Estate-Market

Factors That Govern the Real Estate Market

Pakistan’s real estate market has gained momentum over the past decades now. Investors see it as a great new horizon to invest and make profits, making the market more attractive to new investors both medium and long term. Investing in the real estate market is not easy. There are many factors that affect the market, and it is essential to gain knowledge before making any move to invest. To understand the fluctuation, we need to study the factors individually. Although there are many elements including, demographics, economic growth, affordability, laws and policies, and so on.

Here are a few that mainly change the game.

1. Location

The first and most essential element is the location of the property. The better the place the higher the price. Therefore, the real estate in the city center is more expensive than the real estate in the surrounding area. Location controls many other factors including, commuting, and access to facilities. Proximity parks, schools, facilities and proximity to the city are all great additions; therefore control the price of the property.

If you are buying property, the location should be very considerable. In Karachi, the most notable regions are, DHA, Clifton, PECHS and SMCHS and so on. Similarly, if you are shopping in Islamabad, places like DHA, I8, Bahria etc should be considered. Lahore on the other hand is famous for Cantt, Model Town and DHA.

No matter if you are investing in a business or buying a house, location is the first consideration. Although this will cost more than the others, this is a factor that needs serious consideration before making any decision.

2. Physical state

The second in line is the state of the property. Sometimes the state of the property is zero and the only money involved is for the location and size of the plot. To invest in real estate, conditions play a vital role. If you are interested in buying a newly built house, you may have to pay more than buying an old building. It is always preferable to buy a well-maintained or new property instead of investing in a property in a poor state.

The condition of the property includes the interior and exterior. Critical and intentional inspection of the property is essential. Before concluding the deal, check for everything from murals to appliances and furniture arrangements; each plays an important role in access to the state of the property. You don’t need a house that needs a lot of repairs and maintenance if you pay a quick sum of money.

You can negotiate the price once the condition of the property is accessed. The price is negotiable if you find problems with the condition of the property. Anything damaged or broken can help you in negotiation. This negotiation will save you some money to raise the status of the purchased property.

3. Limit Appeal / Surroundings

The main element that adds value to the physical condition of the property is the quality of its surroundings. If the property is surrounded by low-valued shops like mechanics etc, the value will be low. The surroundings can be improved and this improvement will add value to the property price. The overall appearance of the property makes it more expensive.

A good car garage, a plantation outside the property, a decorative driveway and lights can multiply your profit. This is one aspect that can be worked on at any time. If your house looks good from the outside, you can always ask for more price resulting in more profit.

4. Government Laws and Policies

Policies about where you live or intend to purchase property also have a big impact on its valuation. A change in policy causes a price fluctuation. For example, the recent change in the law on share buying has caused a decline in the price of shares.

When buying any property, you need to check the policies currently in force.

5. Facilities and Installations

Ease of living in the new standard of modern society and place. And usually, all newly built properties, whether apartments, built-in communities or corporations, all compete to provide customers with everything that can be arranged.

Generators, elevators, community halls, gyms, swimming pools, parking, electricity, and water supply are all part of facilities and facilities. Most people

prefer PECHS instead of DHA only because of the constant water supply. Older communities and properties where such high-tech facilities are lacking often cost less.

Access to Public Transportation is another advantage to property taxes. Other facilities include supermarkets, hospitals, and parks, which all add value to the properties in the vicinity.

6. Security

No one is willing to buy property in an area where security is an issue. Everyone expects a safer and safer environment. Location and security go together. Because security primarily depends on the location of the property.

Inbound communities and societies are a new cart. The 24/7 security of these built-in communities is a valuable addition that cannot be ignored. The addition of guards, CCTV, and a high-tech security alarm further enhances the property.

7. Demand and Supply of Property

As the world changes, so do the choice of people. The trend to buy an apartment with a picturesque view in a tall building has increased the demand for such kind of property and therefore the prices are higher.

Most people are interested in buying property in urban centers, creating a superior demand. According to the economic rules, the higher the demand the higher the price. Meanwhile, in places where property abounds available and less demand the prices are lower. On the other hand, if prices are too high, demand falls resulting in an imbalance of supply and demand.

It is imperative to study the demand and supply of real estate before buying one.

The above-mentioned factors are the basic ingredients of real estate but are not limited to these. There are many factors that govern the price of the property. It is important to study every factor before making a big decision to invest in property. This article is written to educate people about property valuation. We intend to help everyone with future property issues.

Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.

Factors That Govern the Real Estate Market

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,
What-Does-It-Take-To-Be-A-Successful-Real-Estate-Investor

Success in Real Estate Investing: What It Takes

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 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 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 to 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, and 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, and 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 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 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 helps 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.

Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.

Success in Real Estate Investing: What It Takes

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

5 Considerations Before Buying a New Construction Home

Buying an existing or new construction site is the most exciting day for many people and also the scariest. When a person rents an apartment or house, they cannot make any changes and must get permission to even paint a room. But they also don’t have to worry about maintenance and repair costs. When something goes wrong, a person just calls the landlord to ask for repairs. When a family buys a new home, they are responsible for care and repair. However, they can make any changes and make any decoration they want and can afford.

Buying a New Home

Buying a new construction home is almost everyone’s dream. But not everyone can afford to be the first owners of a new home. The next best ticket to home ownership is to buy a pre-owned home and remodel or renovate it according to the tastes and needs of a family. Buying a brand new home is still a dream for many homeowners who could start with an existing home and then move up to a new construction home when they can afford it.

But remember that buying a new construction home can also be a hindrance. It is not the same to buy an existing home. There are important considerations for the new home buyer. Here are five notable things:

Before You Start Searching for a Home

  1. Before starting the search get a good property with experience in selling new construction houses. They can protect you and make sure everything during the sale is done correctly.
  2. Find the best lender before starting the home search. They will tell you how much you can pay in payments and interest rates. The right lender can save a house by buying money. Understand all the financial options available to you. Get pre-approval for a loan before starting the home search.
  3. Before the home search begins, look at the different new construction neighborhoods and narrow the search to neighborhoods you can afford, and that appeal to you considering amenities and a convenient place to work and schools. The perfect house in the wrong neighborhood will not be a good choice. What are the amenities the builder plans for the construction? What is planned for the surrounding area in the near future? What is close to the planned neighborhood now? No one wants to be on a direct flight path from an airport or near a factory with harmful fumes.
  4. Look at the builders for the developments you’re considering. Check online reviews and ratings on customer satisfaction. Check with the Better Business Bureau for ongoing purchase complaints. Drive along to homes they’ve built, and take a look at their online website for house plans they offer. Take a look at their price compared to other builders. Ask the Agent that you have chosen to critique the good and bad points of each builder you consider.
  5. As a family, decide what is needed in a home and what every family member wants. Make a priority list of factors that matter in a new home, and try to get as many items on the list in any home considered. A home that does not meet the needs of a family is just not suitable. Don’t settle for a home that won’t be convenient and comfortable to live in.

When You Buy The New Construction House

Here are five considerations when looking for and buying a home:

  1. Remember that the model houses you visit are not the houses you will receive. Your house is yet to be built. Even if you specify that you want the same plan as the model home, it may not be the same. But you can customize each house to your liking. Paint and other finishes make a big difference without changing the cost if you stay according to the construction plans. If you like a floor plan except for a few changes, you can get the changes to the floor plan but it will cost more.
  2. Write down every detail of the new home purchase. This includes colors and finishes, floor plan changes, deadlines, and any other changes and choices. So if something is not so agreed upon, you have written proof of your choices.
  3. Get as many guarantees as possible and receive them in writing. This includes the home finished on time, the quality of construction and customer satisfaction. Ask these questions:
    • What percentage of the homes in the project are sold?
    • Who will you work with during construction?
    • What features are included in the price, and what improvements increase the price of the home?
    • How often can you visit the home during construction?
    • What happens if the home completion is delayed?
    • How are buyers ’concerns and complaints handled?
    • What measures are being taken in construction to affect domestic energy?
  1. Timing is important. When will construction take place? How long will it last? A new home can take from seven months to a year to complete. If you can’t wait that long, consider buying the model home if it’s the right floor plan and appeals to you. Model homes are sold when a large percentage of the homes in the development are sold.
  2. When the home is finished, be sure to receive an independent home inspection and request a correction of defects prior to closing. Builders make mistakes, and it’s best to find them and fix them before closing. Home inspectors see things a homeowner would miss. Then pay attention during the tour and take accurate notes on things that are not appropriate. One of the advantages of buying a new home is that you don’t have to worry about repairs or things breaking or failing for quite some time. So make sure there are no defects before you close the house. The builder will be more willing to repair defects prior to closure.

Buying a new construction site is exciting. Most people buy the biggest house they can afford, and then experience a few surpluses due to changes that increase that investment. Try to avoid any costly changes during construction. Once the closing has taken place and the family has moved into the new home, make sure the furniture and belongings are correct and make sure the unpacking is done promptly so that the family can enjoy living in the new home. Meet your neighbors as soon as possible, and drive around the neighborhood to get to know the family, where all the amenities are located. Now, enjoy the new home.

For more information on the real estate sector of the country, keep reading Feeta Blog.

5 Considerations Before Buying a New Construction Home

Buying an existing or new construction site is the most exciting day for many people and also the scariest. When a person rents an apartment or house, they cannot make any changes and must get permission to even paint a room. But they also don’t have to worry about maintenance and repair costs. When something
Property-Owners-View-Parametric-Insurance

Property Owners View Parametric Insurance

As they say, necessity is the mother of innovation, and as the real estate insurance market became even more competitive this year, homeowners began looking for alternatives to real estate insurance. Parametric insurance is one of those solutions.

Parametric insurance can help property owners and operations reduce risk and minimize policy costs, by offering property owners a predefined payout based solely on the extent of local weather or an earthquake event, as opposed to covering the damage caused by the event.

Parametric insurance is not for every asset. It is an insurance program designed to fill gaps that exist in the traditional insurance system. Nor is it designed to stand alone. But it can protect outdoor cannabis growers from weather risks that are really out of their control.

In today’s hard real estate market – in which rates are rising, signing criteria are stricter and insurers are writing fewer policies – parametric insurance is a great option for specific homeowners.

How Parametric Policy is Adapted to Specific Hazards

A parametric policy is fully paid when the so-called hazard reaches an agreed threshold based on a metric of a national weather organization approved by an airline. The payout is distributed completely regardless of the actual damage caused; it does not require claim registrations or for insurance regulators to review the website.

Parametric policies are tailored for a specific hazard that owners possess. In the Midwest, this could be a tornado measuring F3 or more; in the southeast, there could be a hurricane reaching category or wind speed. While parametric policies are paid, no matter how much damage property suffers, the policies are written with strict geographical parameters, so a natural disaster without undamaged property is rare.

Because parametric insurance is tailored to the specific risks of each real estate portfolio, it allows building owners and operators to set the terms and conditions. As a result, real estate investors with multiple properties in one area may be able to pool risk by purchasing a single parameter policy. For example, if a hotel chain has multiple properties within a one- or two-mile radius, a single parametric policy could cover all properties.

Advantages of Parametric Insurance Coverage

Although the cost is higher than traditional property coverage, a parametric policy offers a number of advantages including:

  • Because a parametric policy fulfills the unique risk profile of the facility or real estate portfolio it results in a credit to the primary property policy; the parametric policy already covers the risk of property damage of a given danger like storms.
  • Because there is no advertising, an accelerated payout allows property owners and operators to perform the duties of their loss immediately and they can continue operations or reopen quickly. The speed with which payments can have a significant impact on disaster victims. Companies insuring against business disruption risk and agencies provide an ancillary benefit, as resources can be deployed more quickly post-disaster.
  • Owners and operators can use a reward to cover business interruption costs. For example, say hurricane results in a parametric reward, even though the storm leaves rental property covered by the policy. The owner can use the reward to cover forgotten expenses as customers cancel reservations.
  • Because the amount of payment does not affect the total loss, the insured still has an incentive to minimize his losses. This reduces the exposure of the insurance company to the problem of moral hazard.
  • The risk of insurance fraud is also reduced for larger contracts, as payment is standardized and the event is large-scale and independently controlled.
  • Parametric insurance can reduce transaction costs involved in writing and managing policies because there is less need for an actual loss estimate for payment of claims or insurance rating requirements to determine the premium based on liability and scope of risk sharing.

Many factors determine the cost of parametric insurance coverage, including location, risk exposure, desired limits, and trigger parameters. Because parameter policies are highly tailored, property owners and operators will want to work with their broker to help set optimal parameters for coverage.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

Property Owners View Parametric Insurance

As they say, necessity is the mother of innovation, and as the real estate insurance market became even more competitive this year, homeowners began looking for alternatives to real estate insurance. Parametric insurance is one of those solutions. Parametric insurance can help property owners and operations reduce risk and minimize policy costs, by offering property

Top 7 Real Estate Rental Improvements to Improve Its Value

Let’s agree to it; every real estate investor wants to maximize the value of their assets. If you own rental property, it is in your best interest to do everything possible to make them more attractive to prospective tenants, and minimize the risk of the property remaining vacant, and maximize the price you can get on the rental market.

Even if you were to start with a wonderful newly built home, it would still need to be renovated from time to time. No matter how much you take care of the house, problems will arise, and if you want to retain your tenants, you need to deal with them as soon as possible.

With that in mind, here are the top seven improvements you can make to enhance your rental assets and bring home more profit.

1 – Extend The Life Of Your HVAC Unit And Add Popular Pleasures

Air conditioning

In the warmer parts of the world, the overall valuation of your property and the rental price it will buy on the market both affect the quality and condition of your HVAC system. People want to live in a functional and comfortable home, especially if it is in an area where air conditioning is needed during the summer months. As an owner, you need to understand this and do everything you can to offer air conditioning service to your tenants, including maintenance, repairs and upgrades (if necessary).

Washbasin

Following the previous point, having the right appliances in your house is almost necessary nowadays. Renting a property with all the essential appliances will greatly increase your chance of finding a tenant (and with a higher price). Ultimately people pay for comfort.

Storage Space

Storage space is essential to your property. People don’t want to live in a cluttered space because they can quickly clutter themselves up, and it doesn’t exactly give the most comfortable living experience. As an owner, it is only right that you provide adequate storage space for your tenants. This doesn’t have to be extensive, but it will go a long way. Things like closets, cupboards, shelves, kitchen cabinets and even opening your attic will dramatically improve the living conditions for your tenants.

Washers And Dryers Units

For all of the above-listed items, you should consider installing washers and dryers on your property. These are basic essences that almost all rental properties come in nowadays, and if your home doesn’t have them, you may lose your competition.

2 – Replace Interior And Exterior Doors

One of the most important things you need to do as a landlord is to show potential tenants that your rental property looks fresh and attractive. One of the best ways to do this is to replace the interior and exterior doors, especially if you haven’t done so in a long time. This includes taking time to restructure the kitchen cabinets of your property, replacing the cabinet doors, and perhaps even giving them fresh paint.

As for your front door, make sure you choose a sturdy material that can withstand the elements (although it still looks great).

3 – Installing A New Floor Can Be A Good Idea

Sometimes, you have to spend money to raise money. Your task as a real estate investor is finding out the smartest place to spend your money and where you will find the best return on your investment.

One great place to invest your money is on new floors, especially if you have a carpet. You see, as a landlord, the dream scenario is to have a property that looks great, is durable and easy to clean. Unfortunately, carpet is none of those things. Although carpet may look comfy and comfy, it can stain easily, hold dirt (especially pet hair), and will stink if you don’t professionally clean it.

On the other hand, wood flooring is ideal for most rental properties. It is durable, dirt can be wiped off easily, and it is not necessary to hire a professional cleaner to find new tenants. Although it can be expensive to install, it may save you more money and help attract more tenants in the long run.

4 – Add Fresh Paint Coat And Update Easy Solutions

Adding a fresh coat of paint is a great way to improve the aesthetics of your property without spending a lot of money. If you can, you can do the job yourself. This means that your only cost is the paint itself, which can make painting one of the highest income improvements you could ever make.

Fresh paint can paint an entire space, covering scratch marks, tired walls, and greasy marks, and will help expose the best features of your room if done right. Don’t forget to use neutral colors that will stand the test of time. This means staying away from crazy trends that are now in vogue because after a few years you will have to do all the work again.

5 – Limit Appeal: First Impressions

According to a study by NAR 2018, 94% of real estate brokers suggest limiting appeal improvements to vendors, but why is that? Well, just as we quickly judge the people we meet, we also do the same with real estate. A large percentage of potential tenants will already decide whether or not they like a house based on the restrictive appeal (the exterior features and how it looks from the outside). Here are some inexpensive ways to improve your limited appeal:

  • Remove debris and debris from the outside area
  • Refresh your front door
  • Clean your windows
  • Make sure your garden is kind
  • Consider fresh painting

6 – Update the landscape of Your Property

Well thought out landscape improvements is a great way to enhance the appeal of your rental property. In addition to that, it can also dramatically increase the overall value of your property, which can give you a nice penny if you ever want to sell it.

In addition, landscaping the garden keeps it poorly maintained and cost-effective, as neither you nor the resident needs to put much effort into making it look great. Remember that you want to make your life as a landlord as simple as possible and also leave your property looking beautiful, and a well-designed landscape scheme will increase the attractiveness of your property, improve the quality of tenants and help you manage higher rents.

7 – Know Your Competition

Last but not least, it’s always a good idea to watch your competition. This way you can understand how the rental market works in your area and what the standard is when it comes to pricing and internal project trends.

If you consider the local market, you will get a clearer view of the strengths and weaknesses of your property, which can help you determine what can be improved and what needs to be prioritized. This gives you a great opportunity to differentiate your rental property from your competition so that you can distinguish it from the crowd. This will attract more potential tenants, and as a result, you can command a higher rental price.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.

Top 7 Real Estate Rental Improvements to Improve Its Value

Let’s agree to it; every real estate investor wants to maximize the value of their assets. If you own rental property, it is in your best interest to do everything possible to make them more attractive to prospective tenants, and minimize the risk of the property remaining vacant, and maximize the price you can get

Bank Al Habib buys Centrepoint from TPL Properties for nearly $50 million

On May 17, TPL Properties and Bank Al Habib said they had successfully completed the sale and transaction of the TPL’s main “Centrepoint” project, which is located on the Shaheed-e-Millat highway near KPT Road, Karachi. the creation – it is a consequence of the earlier notice the company sent to PSX on August 20, 2020, in which Bank Al Habib said it had decided to buy the building.

TPL Properties is the property arm of TPL Corp Ltd., a technology conglomerate that today focuses on automotive, fire, life and health insurance, real estate development and security services. TPL Properties Limited was incorporated in Pakistan as a private limited company in February 2007. Later in 2016, the company changed its status from a private limited company to a public limited company.

Center point incidentally is, quite literally, the center of TPL’s ambitions. This is one of the biggest developments in the real estate sector of Pakistan. Some facts about the building: the 28-story Centrepoint, 385 feet high, and was built on 26,226 square feet of land. It has 197,810 square feet of rentable space, with offices on 17 floors (from the 11th floor to the 24th, and the 26th and 27th floors).

The building is considered a major TPL property project and was built accordingly, with facilities such as a built-in IT infrastructure, international safety and fire safety standards, nine floors of dedicated parking, and an internal independent power generation unit. The high, which according to TPL was intended for a “luxury company”, also has a health club, a swimming pool and a café.

Here’s the problem: the company managed to share information with the cafeteria, not the actual valuation and sale price.

For more information on the real estate sector of the country, keep reading Feeta Blog.

Bank Al Habib buys Centrepoint from TPL Properties for nearly $50 million

On May 17, TPL Properties and Bank Al Habib said they had successfully completed the sale and transaction of the TPL’s main “Centrepoint” project, which is located on the Shaheed-e-Millat highway near KPT Road, Karachi. the creation – it is a consequence of the earlier notice the company sent to PSX on August 20, 2020,
DHA-Lahore-Real-Estate-Market-Analysis-May-June-2021

DHA Lahore Real Estate Market Analysis May – June 2021

From time to time I emphasize that DHA Lahore real estate market is speculated by the introduction of Amnesty plan by the Pakistani government to raise taxes with more cash flow in this market whether it may be black money or ex-flats buying for their homes, who lost their businesses and jobs due to the Pandemic.

An amnesty plan gave this market a parabolic run, but theirs was also of real interest also from the emigrants and smart money prevented their money from this relentless inflation on a daily basis.

What needs to go up has to be a general phenomenon of almost every market, although it assures me that when the market often shows a very sharp position without any basic fundamental reason and general economic strength, it usually reverses to its previous year’s highs. Admittedly my opinion of the market often contradicts the general herd or real estate, because of being in Feeta.pk, I have always followed the principles of my mentor Captain Shahnawaz, who is to inform the client about the real situation of the market instead of trapping them in speculative behavior of the market.

Feeta.pk has always wanted to make well-informed decisions based on research and development on which we always consider many different issues that feed the real estate market, the very basic reason for Pakistan’s speculative behavior in the real estate market. the dollar index and we have been following a dollar index for many years and that is why our forecasts for DHA Lahore real estate market have always been targeted.

To see what the Dollar index predicts now.

Dollar Currency Index breaking

Well, the dollar favors the real estate market in Pakistan because what is the chart says it is a huge weakness in the dollar which means people would not like to hold the dollar and everything related to the dollar will appreciate whether it is about precious metals or real estate market but on the other hand, where will there be a stop?

Rising inflation and all economic factors make me curious that there is more counterproductive action coming to the real estate market, but there is only one disadvantage that I think buyers should consider, and that is not a further extension of an amnesty plan that presents a huge. risk if buying the highest market, so be very careful. Buy in less risky places like High Buildings ie Sixty6 Gulberg or LAHORE SMART CITY.

An artificially pumped market is often very risky because it fails badly and on the other hand natural growth remains longer and presents less risk for landfills.

So let’s understand what the difference is between natural growth and artificial growth.

difference-is-in-natural-growth-and-artificial-growth

Golden Diagram explaining the impulse running and correction.

Now let me explain the Golden Diagram for the general understanding of what impulse runs in any market and can bring sharp corrections at any time.

When you look at the chart, you clearly see that while gold had a healthy top behavior, suddenly by the end of 2007 an implosive move gained the appeal of major players around the world, so it went from almost $ 500 to almost $ 1900 in just 4 years. which is almost 3X and then after that sharp impulsive move Gold almost made a correction to $ 1000 in the next 5 years.

The common behavior of all markets is related to each other, but they only differ in time because some markets are unstable and they correct sharply, while others need time, but they are often similar in behavior.

I personally feel that Dha Lahore real estate market may not have seen the top yet, but it is very close and may take some time but the correction will come so the smart investor will always make smart decisions and be the only seller while everyone buys.

buying-and-selling-real-estate

The secret to our success is the loyalty and trust we share with our investors, we win when you win.

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

DHA Lahore Real Estate Market Analysis May – June 2021

From time to time I emphasize that DHA Lahore real estate market is speculated by the introduction of Amnesty plan by the Pakistani government to raise taxes with more cash flow in this market whether it may be black money or ex-flats buying for their homes, who lost their businesses and jobs due to the
Things to consider before purchasing a property

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

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

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.

Do-not-exceed-40-of-your-salary-in-the-payment-of-a-property

This is a good rule of thumb for financial health when buying a home or apartment. The first thing you should consider is the monthly payments of your existing doubts; then, you will have to add the monthly payment of a mortgage with a term of 15 years. If the total adds up to more than 40% of your monthly salary, then you are risking living on a tightrope, financially speaking, so you will have to reconsider or discard the purchase of that property.

If you exceed that percentage, we suggest you continue saving to buy that property or try to find properties with a lower price. Do not forget that there are expenses when buying a house or apartment that you must pay on your own even when you are granted a mortgage loan, for example, the deeds, the payment of taxes, the fees of the notary public and the real estate agent.

Furnish with the basics

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-essential-that-you-buy-a-house-for-the-right-reasons

It is expected that if you reach a certain age, get married or have your first child, family or friends begin to ask you when you will buy a house. Social Pressure can be solid, and the assumptions of others can impact your choices. Make sure that it really is a personal desire and that you live the circumstances that make you feel secure about that vital acquisition.

To become the owner of your own home, you need to be financially and emotionally ready. Not only can home provide you with security and a sense of accomplishment, but it can also help you be financially successful.

Payment methods

Payment-methods

Define how much of what you have saved you can use, since banks or housing support institutions only lend on average up to 80% of the property’s value, so you must have that 20% previously to give the down payment and 5% more to cover the initial costs (appraisal, insurance, deeds, notary, the opening of credit, etc.).

The location

The-location

If you are going to invest in a property, look for you to have the communication channels or services that you require, such as education, health, shops, security, transportation, recreation and supply. Avoid risk areas! What’s the significance here, that the property isn’t under high voltage lines, gas tanks, underground pipelines, close to gorges or territories in danger of flooding?

Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.

Things to consider before purchasing a property

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
Impact-of-COVID-19-on-the-real-estate-industry-of-Pakistan

Impact of COVID-19 on Pakistan’s Real Estate

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 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

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

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 of 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

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’s 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.

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

Impact of COVID-19 on Pakistan’s Real Estate

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
ML-1-CPEC-Gwadar-Linked-To-GGC-Property-Business-In-Pakistan

ML-1 CPEC: Gwadar Linked to GGC & Pakistan’s Property Business

CPT President Lt Gen (r) Asim Saleem Bajwa showed opportunities for improved connectivity under CPEC between Gwadar and the rest of the country. He said Gwadar will be connected to the rest of the country by a railway line, after completing Main Line-1 (ML-1), to take advantage of CPEC benefits. This improved connectivity also changes the socio-economic destiny of the country.

ML-1 CPEC & Railway Line – Detailed Overview

Asim Saleem Bajwa, President of CPEC Authority Lt Gen (retired), expressed interest in the establishment of several companies in the Gwadar Free Zone, of the Gulf region.

“The free area of ​​the city, which covers 2400 hectares, has been extensively developed, not only for Chinese and local investors but also for the Gulf Zone,” he said in an interview with a YouTube channel.

He said the city and the port have made a lot of progress and recently. “we started building Gwadar airport with the help of the government of China, which gave $ 230 million for the project, ” he added. Regarding the proposed Gwadar Oil City, he stated that an area allocated for oil refining and oil storage is about 30 km away from the city near Pasni.

The president suggested that the port of Gwadar will run trains to the rest of the country after the completion of the railway upgrade program of Main Line 1 (ML-1). “To connect the port city to the rest of Pakistan and beyond, a new railway will be initiated from Quetta to Gwadar, ” says Bajwa.

Local details

Karachi to Peshawar via Hyderabad, Nawabshah, Rohri, Rahimyar Khan, Bahawalpur, Khanewal, Sahiwal, Lahore, Gujranwala, Rawalpindi, Peshawar.

Scope of the project:

  • The whole road from Karachi to Peshawar was doubled
  • Speed ​​increase from 65/110 km / h to 160 km / h
  • Freight train for 120 km / h service
  • Computer-based signaling and control system
  • Division of grade to ensure train safety

Budgeting And Completion Of The Project

Bajwa, also Special Assistant to the Prime Minister for Information and Broadcasting, learned that CPEC’s largest project ever was ML-1.

Govt focused entirely on the growth and advancement of Balochistan to the western CPEC route.

He identifies the $ 6.8 billion project as historic for logistics infrastructure in Pakistan, as each company will benefit as it deals with the freight traffic by railways.

“Each preparatory phase is completed and its calculation assessment carried out, and estimates are analyzed.”

In addition, he said the ML-1 project will bring a revolution from Karachi to Peshawar in passenger transport as travel time from Lahore to Karachi is reduced to only eight hours.

The ML-1 project, which runs from seven to nine years, was a big initiative, Bajwa said.

He added, however, that many of the CPEC projects had been completed earlier, so this project could be completed even before the deadline is set.

Establishment of CPEC Authority

When asked if a CPEC authority can be created, the president said the government has realized that the scope of the CPEC project has not been extended, and he wanted to set up the authority to ensure all operations are completed at the same time.

Because too many ministries, agencies, provinces and departments have invested in the mega project, a platform to give international investors a window was very necessary. The President said another question: “Basically CPEC focuses more on the execution of programs, but also on the preparation, tracking and evaluation of projects. “

Bajwa posed another question: “We are at the height of our interaction with the Government of China and are aiming for a project for the CPEC of the second step.”

He told the government that the growth of Balochistan is the goal of attention and progress is rapidly going in the west direction of the CPEC project.

Islamabad Highway To DI Khan

He told Islamabad to DI about the highway. At the CPEC Joint Coordinating Committee meeting next month, Khan was close to fulfilling DI Khan’s project to Zhob for approval.

Likewise, he says the road project has already been launched by Zhob al Quetta, the capital has been allocated and the land purchased.

He claimed that in Azad Kashmir the government had just completed two hydropower projects, Azad Pattan (701 MW) and Kohala hydropower project (1120 MW).

Field Of Real Estate Business In Gwadar

With the CP-ML-1 project, the investment opportunities in Gwadar will increase. One of the most profitable and ongoing projects in Gwadar Golf City. The construction and development of ML-1 will accelerate the real estate developments in Pakistan in general.

Gwadar Golf City is the most developed project in developing Port City and the rapid growth is the most attractive aspect. Gwadar Golf City has reached the development status within a short period of 8 months, which speaks to the loud experience of BSM Developers. The true beauty of construction can be experienced by visiting the place where the wonderfully wide road network spreads.

Although the newly launched 5 Marla Plots in Pak-China Enclave are under construction yet available with plot numbers and they can be selected from the map of interested buyers.

Investing In Best Deals Of Gwadar Gulf City: BSM Developers Project

Strategically located on the serene shores of the Arabian Sea, Gwadar Golfurbo is the idea of ​​Mr. Bilal Bashir Malik, who comes from one of the most prominent and famous business families in Pakistan. Carrying the legacy of his ancestor Malik Riaz to immense heights, Mr. Bilal Bashir Malik believes in expanding their footprint across the area with this luxury venture and giving Gwadar the true substance of being a global city.

This project by BSM Developers Gwadar Golf City offers high-tech amenities combined with a neatly designed infrastructure and an exceptional modern lifestyle. In a state-of-the-art housing plan, Gwadar Golf City is essentially a Golf Home, the flagship of individual comfort, style and extravagance. The project offers huge investment opportunities for commercial and 10 sea housing.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.

ML-1 CPEC: Gwadar Linked to GGC & Pakistan’s Property Business

CPT President Lt Gen (r) Asim Saleem Bajwa showed opportunities for improved connectivity under CPEC between Gwadar and the rest of the country. He said Gwadar will be connected to the rest of the country by a railway line, after completing Main Line-1 (ML-1), to take advantage of CPEC benefits. This improved connectivity also changes
DHA-Rahbar-Vs-Bahria-Town-Orchard-Lahore-Where-To-Invest

DHA Rahbar Vs. Bahria 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

DHA Rahbar

This housing plan is located on the main Defense Road in Lahore and enjoys proximity to Raiwind Road and 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.

Bahria Orchard

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

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

Bahria Orchard is planned in 4 Phases, however. Furthermore, these phases include various blocks in them.

Plot Prices in Bahria Orchard & DHA Rahbar

DHA Rahbar

If you are looking to buy plots, the 5 Marla plots for sale in DHA Rahbar, Lahore, will cost around PKR 49.44 Lakh on average. By comparison, the average selling price of 10 Marla houses 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 has 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.

Bahria Orchard

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.

Summarizing It

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.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

DHA Rahbar Vs. Bahria 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
Rs30bn-subsidy-announced-for-Naya-Pakistan-Housing-Project

Rs30bn subsidy announced for Naya Pakistan Housing Project

Naya Pakistan Housing Project

ISLAMABAD: The government has announced a special package for the construction sector which includes an amnesty plan, tax-free exceptions and a grant of Rs30 billion for the Pakistan Naya Housing Project, according to the Pakistan Economic Survey (PES) 2019-20.

The movement also expects other industries associated with the construction sector and will generate employment in the country.

Additionally, a stimulus package was also introduced to stimulate the country’s successful economy Covid-19.

According to the package, export-oriented industries would receive a tax refund worth Rs 100 billion and their interest payments will be delayed.

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The government is giving a series of subsidies and incentives to the industrial sector, the survey noted.

These include subsidies to the industry for electricity and gas and an export development package.

Additionally, the Economic Coordination Committee (ECC) has approved a package of Rs 50.7 billion to give indirect cash flow support to the small and medium enterprises (SMEs) through prepaid electricity bills for the period May-July 2020.

This package will benefit about 3.5 million small businesses.

Rs30bn subsidy announced for Naya Pakistan Housing Project

Naya Pakistan Housing Project ISLAMABAD: The government has announced a special package for the construction sector which includes an amnesty plan, tax-free exceptions and a grant of Rs30 billion for the Pakistan Naya Housing Project, according to the Pakistan Economic Survey (PES) 2019-20. The movement also expects other industries associated with the construction sector and
Property-Tax-In-Pakistan-2020-Latest-Property-News-Updates-And-Criteria

Property Tax in Pakistan 2020: Latest Updates and Criteria

Less than 1% of Pakistanis pay property tax. This is a bad and risky statistic for a country’s economic well-being.

Most residents in Pakistan do not pay taxes. In return, this weakens our financial and economic situation. There is not enough money for the government to pay for roads, hospitals, education and defense.

In addition, the state needs to rely on foreign sources to raise revenue due to the lack of taxation. This involves loans from other countries and large-scale banks.

Property Tax In Pakistan 2020 – Important Details

You need to have details about the size of the lot and how to know it correctly if you are measuring the tax on your home.

This blog should remove all confusion related to properties in Pakistan 2020.

What is a Property Tax?

In the type of money the owner would pay, the property tax is the amount. The government is collecting the bill. The government is helping taxes. It is used in various fields, e.g. In road construction, increase in the required imports, payment of wages of people, and so on.

The word property applies not only to plots or homes but to all materials you own. Your car, farm, office building and other things on your behalf will be part of concrete help. Pakistan’s current property tax rate is 25% in 2020.

Although it costs to buy some material objects, e.g. To build your houses, raw material costs, labor costs, interiors, floors and others. Many banks in Pakistan lend a home to facilitate the construction of your home.

How You Can Pay Your Taxes

In Pakistan there are three types of property taxes:

  1. Each province has its own tax department. You must call the local tax department to pay the tax.
  2. By creating an online asset tax, you can also pay your tax in banks.
  3. You can change electronically through your online banking systems.

Tax Year of Pakistan

The fiscal year will begin between July 1 and June 30, so the property tax, which began on July 1, 2020, will end on June 30, 2021. Real estate can be contacted for in-depth perspectives. The books offer insights into both industrial and residential.

Property Tax And The Situation In Pakistan

In the third world countries, Pakistan is flourishing and progressing if we are to see it. Now is the time for us to act. The housing tax is not the same for everyone and the more you receive, the more you pay tax. It ensures a balance between the social class of different status. The rate often varies between cities and districts. The taxes are in format and they are charged conveniently by any citizen.

Many citizens do not pay the taxes that do not build such good financial conditions. The administration would not earn adequate funds for financial compensation, health insurance, education, and defense. The government has gone to foreign outlets because of these circumstances. This implies the take-off of high-interest loans from the IMF and other nations.

Important Issues To Consider WRT Property Tax In Pakistan

  • There is no distinction between plots and some buildings
  • CGT was shortened to 4 years the retention time
  • 100% of the capital gains taxed because it is less than one year of the retention period
  • 75% of the capital gains tax if the retention period is longer than 1 year but less than 2 years
  • If the retention period lasts 2 years but not 3 years, 50% of the capital gains will be taxable
  • In which the retention period reaches 3 years, but not 4 years, 25% of capital gains are taxable
  • No tax on CGT after four years of tenure

Types Of Property Tax In Pakistan

Capital Gains Tax

You have to give the government a certain amount of money when you buy some land. The Capital Gains Tax is charged at a rate of 2% of the recorded value, in accordance with the Finance Act 2006.

In the current budget, however, the general value-added tax on urban spaces is 2% and the stamp duty rate is 3%. Stamp duty is an amount you pay for the legal records of the property.

Capital Gains Tax

This tax is the inverse of VAT. Capital income tax is a certain amount of money that the seller needs to pay for selling his assets. The tax applies to the income of the seller.

The Pakistan Finance Act 2017 stipulates that capital duty can be imposed only if the property is sold within the first three years of the sale. In addition, annually, tax rates are adjusted.

The tax rate is 10% in the first year, 7.5% in the second year, and the tax limit is 5% in the third year. The seller does not have to pay the capital gains tax in Pakistan after three years.

Withhold Tax

Capital gains tax and capital gains tax are a combination. The buyer and the seller must share a certain price when an item is sold.

In Pakistan 2018-19, a buyer of the house, which is also an income tax, will pay a 2 percent withholding tax, while a non-advertiser will buy a 45 percent tax. The taxpayer must pay a 2 percent withholding tax.

Will you see the gap between taxpayers and non-registrants in the tax bracket? This huge increase in the tax rate is aimed at ensuring that taxes are made. Similarly, buyers of the property must pay a 1% tax for registrants and 25% for non-registrants.

Which properties are tax-saved?

Any active groups are exempt from the imposition of taxes. The following categories are addressed:

  • Houses built on land less than 5 Marla, instead of the category “A” place
  • Property cannot operate above the annual rent of PKR. 5211 / –
  • A single house with an annual rent of no more than PKR. 6480 / – if the owner’s house is occupied
  • The annual deduction of the tax debts of buildings occupied by widows, small orphans and / or the disabled is PKR 12150 / -.
  • Housing up to one Canal owned and rented by a former government worker is removed from the ownership of a dwelling house
  • Government buildings, such as businesses, districts or cities. buildings maintained by a government or magistrate
  • Mosques and other monasteries.
  • Urban parks and children’s fields, schools, boards, homes, inns, bookstores and hospitals, buildings and real estate.
  • Places rented only to public charities, religious or prescribed.

Summarizing it

Regardless of what property you own, one must stand as a responsible person. The conscientious citizen keeps his tax data accurate. The company economy is set up by this action. When we look at the land, people in various private businesses like to buy land and houses.

The values ​​of the property are growing steadily as it is the perfect opportunity to buy. Today’s investment is tomorrow’s investment. Contact Globe Estate & Builders for more information on property news.

Property Tax in Pakistan 2020: Latest Updates and Criteria

Less than 1% of Pakistanis pay property tax. This is a bad and risky statistic for a country’s economic well-being. Most residents in Pakistan do not pay taxes. In return, this weakens our financial and economic situation. There is not enough money for the government to pay for roads, hospitals, education and defense. In addition,

Govt urged to introduce soft taxation regime for real estate sector

Soft taxation regime for Real estate sector

LAHORE: The government must formulate special policies and introduce a soft tax regime for the country’s real estate sector.

This was the result of the speeches made at a seminar on houses and real estate at the Commercial and Industrial Industry of Lahore (LCCI).

The seminar was attended by LCCI interim President Faheemur Rehman Saigal, Al-Jalil Developers Chairman Nasrullah Waraich, Federal Task Force on Housing Manager Zaigham Rizvi, renowned architects Professor Jason Pomeroy, Yaqoob Tahir Izhar, Akber Sheikh and Mian Abuzar Shad.

The experts noted that in Pakistan the population is growing rapidly, resulting in the expansion of residential areas and increased the need for food and other necessities.

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LCCI interim president Faheemur Rehman Saigal said Pakistan is the only country in the region where residential areas are spreading every day, adding that no fundamental change in construction technologies has occurred since independence.

Citing an example from Singapore, he said in 1965-66, Singapore was one of the worst slums in the world. “But they’ve been working on it and now they have great community structures.”

He urged the government to take immediate measures to deal with the uncontrolled expansion of residential areas and consequent downsizing of the agricultural areas.

Saigal further stressed the need to bring the real estate sector within the formal economy, as it was the second largest sector in the context of employment.

The acting president of LCCI said real estate is an important sector of the economy that needs to be protected by favorable policies and a mild tax regime. “The sector has the potential to attract not only local investors but also foreign Pakistanis and foreign investors.”

He said the fungal growth of housing societies is consuming the agricultural land and is an agricultural land, Pakistan cannot afford it, suggesting that this issue could be addressed through horizontal housing developments.

“Despite being a dynamic sector with the capacity to attract huge foreign investment, the real estate sector has faced unfavorable circumstances and struggled to survive due to redundant policies and heavy taxation.”

He said the government will not be able to achieve its economic goals without the support of the business community, which suffers severely from the severe issues like attachment of bank accounts, political instability and heavy taxation on trade and industry.

Govt urged to introduce soft taxation regime for real estate sector

Soft taxation regime for Real estate sector LAHORE: The government must formulate special policies and introduce a soft tax regime for the country’s real estate sector. This was the result of the speeches made at a seminar on houses and real estate at the Commercial and Industrial Industry of Lahore (LCCI). The seminar was attended
Everything-You-Need-To-Know-About-Real-Estate-Investment-In-Pakistan

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

Real-Estate-Investment-Information

Sufficient real estate education is essential for real estate investors. The income from real estate investing needs to be well understood to you. Take a long time to get to understand every aspect of the property. In Pakistan, it is a growing industry and has a fast pace.

The design of a property must be high quality and smooth. It is important to have a realistic awareness of all the current developments in the real estate market in order to keep this unpredictable rate and become a profitable investor.

You can read about real estate for free from too many newspapers. Some mass media are most frequent:

  • Newspapers
  • Real estate YouTube channels
  • Real estate books
  • Real estate podcasts
  • Real estate blogs
  • Real estate television programs

Both of these resources are easily accessible and convenient. Take advantage of them and try to learn from them as best you can.

Follow Strategy

Follow-Strategy

It’s no joke if we conclude that real estate is definitely possible for a lifetime cash flow. You just need a workable approach.

Spend some time planning an integrated plan for your investment in the property before you spend your hard earned money.

Would you like to invest in all kinds of assets or just stay in a niche, for example? Do you want to spend as an exclusive owner or do you want to participate? Would you like to develop your investments locally or would you like to grow your investment in other cities?

Such financial decisions will make or break your investment in your home. You will receive a decent income within a limited period of time if you have a good plan in place.

Select Redeem Properties

The fate of the draw is not to get the best property. For the perfect property, you need to be diligent and polite. Before buying real estate, ask about the land, rates in the area, country styles such as whether to buy in the apartment, house or store, details of facilities and the area.

Above all, make sure that it is accepted by the municipal planning authorities. Check the property carefully to make sure all property papers are accurate and complete, keeping your eyes open for any defects.

Buy Your Property

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

Dont-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

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

Go-to-the-previous-stages-for-token-capital

If a contract has been terminated, the buyer collects symbolic money. This is the customer’s promise that the property is purchased and binds all parties to the contract. Sign money is usually a very small percentage of the total value of the land, preferably between 50,000 PKR and 100,000 PKR.

The receipt of a sign includes the full details of the property and shows whether a conflict occurs.

Less Volatile

Less-Volatile

Real estate portfolios do not face sudden changes such as the trading of stocks and bonds. Real estate is also very stable and rates are smoothly priced. This means that failure is less possible internally.

If you want to build your capital smoothly in a risky person, the investment in real estate is right for you.

Try to meet the other party face to face

Try-to-meet-the-other-party-face-to-face

If you are a buyer or seller, it will help facilitate the process by seeing each other face to face. You will also reliably confirm the ownership status and legal status of the property in this way.

If you are buying a home, make sure the assignment or transfer letter is reviewed by the owner’s NIC.

Double benefits

Double-benefits

You may receive many benefits from a house or apartment. You can rent/lease your place, put your room on Airbnb, use it for your own home, and as the cost of the property grows, you can sell it. How incredible is it?

If you are looking for a great investment option in Pakistan, real estate is the ideal alternative for you.

Better Returns

Better-Returns

Real estate offers you a reliably strong income. You can earn a monthly return of up to 20% on average. For example, you can sell it for RS.560.000 next month if you buy a property for RS.500.000 without doing anything as well. Staying at home, you get an additional Rs.60,000.

Tax Benefits

Tax-Benefits

Investors usually earn property tax exemptions. You will, for example, get mortgage interest deductions. This is generally done by politicians to promote additional spending.

Possession

Possession

holding house representing home ownership

The complete ownership of the asset is one of the most significant and desirable factors inland. You will be wholly owned and no one will take your property from you when you buy a house, and you have all the legal rights to it.

You do not have perceptible assets and ownership of other types of investments such as bonds, mutual funds, and vice versa. That said, immobilization helps you rule your land.

Everything You Need To Know About Real Estate Investment In Pakistan

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

Hafeez Shaikh stresses need to incentivise real estate sector

Adviser to Finance Minister Dr Abdul Hafeez Shaikh on Monday stressed the need to encourage the real estate sector to attract investment from the Pakistani diaspora, reported Pakistan.

Presiding over a meeting to analyze the different financial models for “Naya Pakistan Economic Zone next to Islamabad Highway” in Islamabad, the councilor assured of the government’s support to the development of the housing sector as it has the potential to provide employment opportunities to the youth, Radio Pakistan reported.

He ordered the concerned officials to hold another meeting with all relevant stakeholders this week to analyze any financial plans prepared by the Naya Pakistan Housing Association (NPHA) for the above-mentioned project.

Earlier, NPHA (r) Lieutenant General Ameer Ali Haider informed the meeting about the general details of the project.

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It has been reported that the project will be completed in three to four phases, starting from Faizabad and ending near Rawat.

“The Border Workers Organization is working with NPHA on the feasibility of the project. The aim is to complete the first phase after one year under the public-private partnership regime. Different financial models are being explored for the completion of the project in consultation with the State Bank of Pakistan and Federal Board of Revenue, ”he added.

Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.

Hafeez Shaikh stresses need to incentivise real estate sector

Adviser to Finance Minister Dr Abdul Hafeez Shaikh on Monday stressed the need to encourage the real estate sector to attract investment from the Pakistani diaspora, reported Pakistan. Presiding over a meeting to analyze the different financial models for “Naya Pakistan Economic Zone next to Islamabad Highway” in Islamabad, the councilor assured of the government’s

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?

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?

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

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

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

Risks for the borrower

Businessman halting the domino effect inserting his hand between falling and upright wooden blocks

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?

Do you have private funding

Miniature model house standing on a heap of dollar bills. Photo with clipping path.Some similar pictures from my portfolio:

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.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

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

Real Estate in Dominica How to Get Citizenship by Investing

Real Estate in Dominica

Dominica is one of the many Caribbean countries offering citizenship by investing in interested parties seeking a second passport. The program was launched in 1993 and has been constantly changing since then while Dominic aims to make his program the best.

As seen with the addition of the real estate investment option in 2015 to give investors room to decide. By 2015, investors can make only a non-refundable donation to a government fund.

The constant need to make life easier for their investors and the favorable government policies have set them as an interesting option for people who want to get second passports.

There are two options available to investors; the donation route, which is the cheapest among all countries offering citizenship by investment, and the real estate route. In this guide, you will see how you can get your Dominican passport by investing in real estate.

Advantages of Dominican Citizenship by Investment

Here are the benefits you will receive:

Stable Political Structure

Dominica is a democratic state with elections bringing together leaders. The country has a stable political structure, which translates into more stable financial laws and structures. As a citizen, you will enjoy peaceful transitions and consolidation of laws instead of contradicting laws that can be harmful to businesses.

Paca

Security is an important aspect of human existence and many people are looking for new countries due to the unstable security situation there. However, in Dominica security is excellent along with its low crime rate – one of the lowest in the world. Now you can make your business without fear.

Opportunity To Benefit From The Growing Real Estate Industry

The real estate market in Dominica is constantly growing as more and more people enter the country for both holidays and to stay. The option of real estate investing allows you to take advantage of the growing economy and profit from your investment.

Second Home

Your property can also serve as a vacation home for you and your family. Its beautiful beaches and serene surroundings will only strengthen your love for this island. Dominic provides a place to rest away from the busy western world.

Citizenship by Investing in Real Estate

While the option to donate to the government fund is an attractive option as it is the cheapest in the world, the government has seen the need to give investors another option. An opportunity to help grow the real estate industry while enjoying its benefits.

Since 2015, many investors have taken this path to gain their citizenship, enjoying profits from their investment.

Buying real estate in exchange for citizenship is incomprehensible. You serve the ever-growing tourists visiting the country to see the more than 300 small rivers and hot springs scattered across the island.

What Do You Need for the Real Estate Route?

If you want to get citizenship by investing in real estate, you will need to purchase a government approved property for at least $ 200,000. This can be commercial or private property, but you will need to hold this property for at least 3 years before selling if you are to retain your citizenship.

The government makes it more interesting by adding another clause; if you keep your property for 5 years, you can sell it according to the citizen program by investing. This increases your chances of selling the property whenever you want.

With the way the tourism sector is growing, you may not even want to sell the property after the time has passed.

Additional Fees

There are additional fees you may have to pay in addition to paying for the property.

You will have to pay a government fee of $ 25,000 for the main candidate or $ 35,000 for a family of 4. There is also a processing fee of $ 1,000 for a candidate and a fee to be paid, which varies depending on the nature of your application and the level. of diligence required.

Either way, you’ll get crazy value for your money.

Fine

Real estate is gaining popularity by the day and it’s no surprise that the Dominican government has quickly added that option to its package.

Investors can now have a sense of belonging in their new country by owning real estate that can bring them additional income but still enjoying the benefits that their second passports bring them.

Real Estate in Dominica How to Get Citizenship by Investing

Real Estate in Dominica Dominica is one of the many Caribbean countries offering citizenship by investing in interested parties seeking a second passport. The program was launched in 1993 and has been constantly changing since then while Dominic aims to make his program the best. As seen with the addition of the real estate investment
GDA-Bolan-City-Gwadar-Project-Details-Location-Prices

GDA Bolan City Gwadar – Project Details, Location & Prices

GDA Bolan City Gwadar is a modern housing project located on Makran Coastal Highway, Gwadar. The company is duly approved by the Gwadar Development Authority. It obtained NOC # 25/05 / HS / GDA (B), a copy of which is added below:

GDA Bolan City Gwadar NOC

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.

Location

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:

GDA Bolan City Gwadar Location Map

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.

Project Features

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)

GDA Bolan-Urban Gwadar Map

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:

GDA Bolan-Urban Gwadar Map

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.

GDA Bolan City Gwadar – Project Details, Location & Prices

GDA Bolan City Gwadar is a modern housing project located on Makran Coastal Highway, Gwadar. The company is duly approved by the 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.
4-Ways-Investors-Can-Increase-The-Value-Of-Their-Investment-Property

4 Ways Investors Can Increase The Value Of Their Investment Property

Every real estate investor aims to earn maximum profits on Investment Property. However, the market is experiencing rapid changes, and competition remains fierce. If you have a long-term rental property, it probably had one hundred percent occupancy when it was still new. Maybe you were able to capture a specific market segment earlier, facilitating revenue. But as economic fluctuations occur, they may also be devalued. Both can have significant effects on the future profitability of your property.

Thus, you may need to strategize how to increase the value of your investment property for future income. If you are a first-time investor, these stocks may not know you. To help you make such moves now, here are some ideas to consider.

1. Make It Energy Effective

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

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

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

Update-The-Kitchen

The kitchen is one of the most important places in your home. If the kitchen of your investment is clean, modern and has that readable atmosphere, any serious tenant would consider it automatically. If you’re selling, know that many buyers inspect the kitchen first. That way, you have to make sure that it is always the best room in the house.

If you need to upgrade a bit, here are some things you can do to revitalize your kitchen:

  • Update devices:

    Consider replacing old ovens and ovens originally installed on site. Look for appliances that can blend in or enhance the style of your kitchen to increase your home value. Upgrade older and outdated systems to avoid problems with your electricity as well. This way you can promise security to any interested tenant or buyer.

  • Brand new faucets:

    It is also important to update taps. It won’t cost much for a simple replacement set, but it could make all the difference for your kitchen.

  • Brand new benchtops:

    Refresh the kitchen with new benchtops. From granite to laminate or even wood benchtops, there are many options to customize your kitchen. Remember to look for options that are easy to care for but with a bit of style, as these are two aspects that buyers and renters will look for when inspecting a kitchen.

  • Cabinet and door repaint:

    If the cupboards look a little old, but you don’t have the time or money to put in new ones, simple paint could make cooking from boring to fabulous. You’ll be amazed at what fresh paint can do for a kitchen.

  • Brand new modern handles:

    After painting, you may also want to get modern handles for the doors and drawers. Look at projects in magazines or browse the internet to find a new style compatible with your kitchen. Like painting, this is a simple and easy method to breathe new life into a home.

 

Conclusion

There are several ways in which you can make the most of an investment property. One of the main tips is to keep it looking desirable and functional for potential tenants or buyers. You need to know how to play, so to speak, where to spend money and where to dedicate your time and effort in terms of improvements and repairs. You may have to spend a little here and there to come back more in the future – but it’s worth it.

The things discussed above – such as energy-efficient appliances and appliances, a focus on bright attraction, up-to-date care and attention to the operation and style of your kitchen – are just some of the ways you can ensure the value of your property will increase with the market.

4 Ways Investors Can Increase The Value Of Their Investment Property

Every real estate investor aims to earn maximum profits on Investment Property. However, the market is experiencing rapid changes, and competition remains fierce. If you have a long-term rental property, it probably had one hundred percent occupancy when it was still new. Maybe you were able to capture a specific market segment earlier, facilitating revenue.
History of Pakistan Real Estate – Past, Present and Future

History of Pakistan Real Estate – Past, Present and Future

History of Pakistan real estate

History of Pakistani real estate is a very important topic if we want to learn the real forces that affect, that affect real estate. Pakistan’s high population and rural-urban migration offer huge investment opportunities for real estate. As more and more residents flock to cities for jobs, real estate prices continue to skyrocket. The real estate sector generates high levels of direct employment and also generates demand in more than 50 side sectors, such as steel, brick, cement, paint and other building materials.

According to the most recent World Bank estimates, Pakistan’s real estate economy contributes 60-70% of the country’s wealth around the equivalent of $ 700 billion. While some other sources suggest more than $ 1200 billion. It is very difficult to estimate the real value of real estate because 80% of the wealth is undocumented.

“The combined direct contribution of construction and housing sectors to the country’s GDP has been consistently higher than 9 percent over the past decade,” – State Bank of Pakistan report.

The old saying ‘as safe as houses is still true. Real estate investing is the safest, and also the most profitable, of investments. Savings give a bad return and while stocks and shares can be much better, is it worth risking when your money could be wiped out overnight? So the smart investor knows where it is most profitable.

The Birth of Pakistan Real Estate Market

Pakistan’s economy has always depended on real estate. Since its inception and independence, socioeconomic urban migration has prompted demand for comprehensive construction projects. As more and more people moved from villages to the city after independence, real estate investors took on the need for housing and infrastructure to support the new residents.

The growth of the real estate sector as an industry in Pakistan was started by Karachi. The real estate in Karachi existed even before the independence of Pakistan. It began with the construction of buildings by barons and the sale of plots was very rare.

Bad policies and lack of pre-planning have only added to land premiums in urban areas. Where once political instability and lack of government oversight, often crashed the market. With more government regulation, prices are more stable and have marked a long period of consistency.

The 1950’s to 1980’s

Karachi saw the first influx of urban migration and a slow and steady increase in real estate. Karachi South district has become the backbone of Pakistan’s real estate industry. DHA Karachi was created in the 1950s and took control of good investment returns for reasonable prices by gaining further momentum in the 1960s.

The market continued to grow with Bhutto’s introduction of an Amnesty Scheme in 1973, which created real estate. However post-election riots and a catastrophic flood in DHA then shattered the market in 1977. In the same decade Lahore Cantt cooperative society, later DHA Lahore is created.

After a bad economic start of the 80s, international attention was focused on Pakistan with the start of the Afghan War. The war attracted moral and financial support from all over the world, which strengthened the market until the sudden death of then-president Gen Zia ul Haq in a plane crash in 1988. The ensuing political uncertainty fell back on the market.

The 1990’s

The 1990s played a very important role in the history of Pakistani real estate. 90s founded the foundation of real estate as we see it today. It began with a slow recovery and house prices prospered from 1992 to 1994 at an average rate. The smart investors understood the true potential of the real estate purchase. The purchase of business plots began to attract people from all parts and newer companies emerged.

After a few years of slowdown, it picked up again in the middle of the decade, only to be hit by the catastrophic rains and powerful crisis of 1997. This recession lasted until 2001.

Without some proper regulations and taxes, real estate has become the biggest tool in Pakistan in the 90’s and 2000’s for those who aim to invest undeclared money.

The 2000’s

Property began thundering after the 9/11 incident, breaking all previous records. However, the bubble burst before 2005. Overflowing prices ensured that the majority of the population could not afford to own their own home. Much of the boom in the 1990s and 2000s is attributed to the participation of white-collar buyers, tax-free and undocumented money. The difference between the DC values ​​and real estate has grown numerous during this point and has resulted in real estate a hot spot of undocumented money. In some companies, the DC values ​​did not even represent 20% of the actual values ​​of the asset. This made it easier for people who wanted to invest untaxed sums in real estate. The huge investor resumes also to ensure the continuation of the trend.

The Government failed to take appropriate action either out of negligence or slowly. Pakistan’s real estate has become a tax haven and speculative plot trading has become the most preferred investment.

The 2010’s

After a slow recovery from overpricing, the market rose again to surpass all previous records in 2013. Later in the same decade, we saw profitability reach new highs by the end of 2015. In 2015, investment in residential houses (apartments, houses and vacant plots) increased at five to seven percent, while in commercial property (including stand-alone shops, showrooms, retail and office space), there was an increase of 15 to 20% across Pakistan, despite the Capital Gains Tax, Capital Gains Tax and Stamp Duties in the Federal Republic Budget 2014-2015.

In 2016, everything changed as the federal government approved an amendment to the 2001 Finance Bill to try to regulate the market with rates approved by DC. The Finance Act 2018 introduced important measures to minimize cases of use of the real estate market as a way to avoid taxes as well as money laundering. This was an effort to counter unregistered and undocumented investments but actually slowed the market. The Government has begun to increase DC values ​​annually to close the gap after years of rampant growth and tax fraud.

Because no government has taken action for years, much of the documented white economic investment has fallen into the gray economy. Instead of investing in the manufacturing industry, investors shifted their investments to unproductive plots trading, and investors ’money eventually stalled.

In addition, the record appreciation of Dollar against PKR in 2018 & 19 has lowered the market at least 50% from its 2015-16 high.

Conclusions:

All over the world the real estate industry generally follows a steady growth rate of 5 to 8% per year. However, while studying the history of Pakistani real estate we found out that during bullish trends the figures swell up to 40 to 60% growth rate per year. So why this? Well, when we analyze the historical data, the reason becomes obvious. The periods of recession are a direct result of over-pricing. The patterns of market trends have remained the same over the 43 years of Pakistan’s 69-year history of real estate. There is usually a period of 4-5 years between the peak of the recession and the peak of the boom. The proportion of average price increase per year in populated areas is 4 to 5 percent. However, for uninhabited areas, this is about 9 to 10 percent.

When a recession begins, prices in populated areas usually fall from 0.5 to 1 percent and the prices of unpopulated areas fall to almost 5% or even up to 50% of the previously increased price. The inhabited areas represent the real end-user market, while uninhabited areas have become a hive of speculative investment.

The uninhabited / under-developed areas such as plots or files more or less acted as stocks, showing a lot of volatility. On 3 different occasions in the last 2 decades, they have given unprecedented gains, but over a long period of time, they have shown either zero or negative growth. Residents or developed areas remained stable overall and combined with rental income, they probably gave better incomes in all circumstances.

The Government has maintained a policy of “no questions asked” about the source of capital, and for decades the sector has remained the ideal place to park black money. This has led to the creation of a real estate bubble with artificial price increases and a widening gap in supply demand in the housing sector.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

History of Pakistan Real Estate – Past, Present and Future

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
Should-a-Private-Investor-Consider-Selling-By-Purchasing-Company

Should Private Investors Consider Company Purchase for Selling?

Investing in real estate can be a risky venture but also a profitable one. As long as you make the right phone call when you invest and sell, you could shave quite a lot of wealth this way. What are the right calls, though?

One option you can consider when changing property is with a house buying company. An increasing number of homeowners are going in that direction selling because such companies provide fast sales with instant cash. However, does that mean they are a good idea for investors?

To better understand whether you should sell to these money-buyers, it is worth looking at some of the pros and cons.

Easily one of the best advantages of selling to a company buying a house is that you can make quick money. They usually have everything arranged within 1-2 weeks, which means that if your finances aren’t too hot, they can really change. This is on the condition that they are legal, of course, and not used fraud tactics.

This can be useful if one of your investments proves to cost more money than it is worth. If you cover payments like services, mortgage, common tax, etc. because you have no occupants in the property, you could be bleeding money. The longer you keep that house, the more it will cost you without returning an investment. You either need to house a resident there (which could take months) or consider selling the property to someone else. In that case, a buying company is obviously best because of how quickly they do business.

When you invest in real estate, you do it because you believe it can earn you money. The cost of buying the home should eventually be covered and then some, leaving you more prosperous than before.

Unfortunately, when you sell to a company buying a house, the likelihood of this happening decreases. Indeed no fast selling company buys a property for what it is worth. This is the compromise that delivers the home for quick cash.

Of course, if an investment turns out to be empty in your bank account, then selling that way can save you money in the long run. Ultimately, even if the company buys it from you at a loss, you are no longer wasting money on a property that is damaging your finances.

 

You Can Eliminate Bad Investments

You-Can-Eliminate-Bad-Investments

Not every investment is good. Unfortunately, you don’t always realize this until it’s too late, which obviously disadvantages you.

If you own a property that seemed like a better investment than it actually is, selling to a fast-selling company could be a great way to recover. This is especially the case if you go with Housebuyers4u who are not discriminating against what they take away from your hands. They don’t care what the building is like; they will still pay you for it, so they are one of the most reliable companies that buy houses in the UK. That’s a good memory if an investment looks worse for wear and tear and you don’t want it to damage your portfolio.

 

You Help Potential Competitors

You-Help-Potential-Competitors

At their core, real estate investors and real estate companies are performing very similar goals – both buying houses with the intention of raising money through them. The latter may be more inclined to sell these properties, while investors sometimes demolish or convert them. However, the desire to profit is still the same.

That’s why a real estate investor might raise the question of whether selling to a home buying company is right for them. If you feel too profitable to a competitor, you may feel more comfortable exploring other options.

 

You Avoid Property Sales Chains

You-Avoid-Property-Sales-Chains

How often have you tried to change a property, only to be stuck in a house selling chain that needs to be solved for too long? It can be frustrating when your buyer is unable to compromise with you, but they are in the same position as you, as is the person they are trying to sell to, and so on.

Depending on how far the chain extends, it can be months before all sales go through, so far this investment has proven to be more of a problem than it is worth. In addition, there always exists the risk of the chain collapsing, which obviously puts you back to the first.

To avoid this destruction, you may be better off selling to a home-buying company from the start. There is no chain to deal with there, which means you can avoid the hassle of waiting longer than necessary to sell.

It is not clear, yes or no answer as to whether or not a real estate investor is selling through a buying company. It all depends on individual situations, although it is clear that there are certain advantages to going this route.

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

Should Private Investors Consider Company Purchase for Selling?

Investing in real estate can be a risky venture but also a profitable one. As long as you make the right phone call when you invest and sell, you could shave quite a lot of wealth this way. What are the right calls, though? One option you can consider when changing property is with a
Best-Color-Schemes-For-Bathrooms-in-Pakistan

Best Color Schemes For Bathrooms in Pakistan

Design a colorful bathroom with styles that really speak to you. It’s important to create a space that increases your energy and offers you a quiet rest from your busy schedule, as it’s the room for which you spend time getting ready in the morning and getting ready for bed.

Consider customizing your color scheme and decor if you want to create a new look in your bathroom, but want to avoid a complete interior overhaul. Without an excessive budget, a few quick adjustments will produce a whole new vibe.

Bathrooms can challenge a lover of home design, they are an expensive renovation proposal for most of us with a budget, and it can be difficult to justify a remodel if everything works. But how can the room be decorated? It can make all the difference in how much you enjoy your bathroom … and the good thing is that you can learn to love your bathroom again, or for the first time.

How To Design Your Bathrooms That Give An Attractive Look

We have hand-picked bathroom paint plans that will help transform your space if you are looking for inspiration during the remodeling process.

WHAT YOU CAN DO WITH A WHITE COLOR SCHEME

Pale blue and white

Pale-blue-and-white

It is wet, traditional and absolutely serene. Pale blue and white as a combination of colors, I mean. It looks great as a bathroom color scheme, especially when brightened by some natural light. (And we can’t help but fall in love with the claw-foot tub with toilet!)

Red and white cherry

Red-and-white-cherry

A cheerful and bright way to add spunk to an otherwise white bathroom is to add bright red wall tiles and red bathroom mats. The color scheme is hospital-esque, probably because it produces a clean and germ-free appearance.

Kremblanka

Traditionally bathrooms were not very bright spaces; traditionally in the sense of decoration/color, they did not seem to attract much interest. If your bathroom is a conventional model, you may enjoy keeping the color scheme, creams and whites very neutral. The look is not only new, but it is also light and bright.

Amaranth and white

Right now, it’s just a warm color, and with good cause. It’s not a peach amaranth, it’s not red, but it’s a nice, rich cross between the two, not too cool or too masculine. We love the unexpected coordination of the cabinet doors and the shower curtain.

Mint and white

Mint and white are fresh and unmistakably cheerful, making a beautiful color scheme, especially in tiny bathrooms, where every square inch matters. A small-scale wallpaper print in the paint scheme destroys the unity of the walls and leaves the room feeling larger. And added to the fresh appeal are side silver and white lamps.

 

WHAT YOU CAN DO WITH OTHER COLOR SCHEMES

Wood look

Wood-look

Mix a more luxurious bathroom, a double-tap tub and a linoleum floor with a rustic look. To round out the room, play with the natural tones of the forest with oats and brown paint. With this rich color scheme, white and silver accessories augur well, so the natural browns can be mainstream.

Turkish and green apple

One wall of drawn wallpaper in the middle bathroom is enough to dare an ad. For a one-color paint palette, neon green contrasts with turquoise and soft blue. Although white accessories brighten the room, the rustic wood vanity brings character to the room. The flower-designed wall can be imitated by the circular mirror and make the room larger. Ideas like these for bathroom remodeling are perfect for a guest or teen bathroom.

Clear Green Relaxation

You can include your liking for nature in other aspects, including even if you don’t have wide windows scaling your bathroom wall. The natural look will be exuded from stone or wood, while mint green and white colors guarantee a soothing feeling. These square sinks work well in rectangular rooms and panel windows, and clean lines will help repeat the modern theme you’re aiming for.

Thanks to the generous use of warm, earthy tones, this rustic traditional townhouse bathroom style immediately looks friendly and attractive. We appreciate the fact that brick tile varieties are used so as not to overheat, and with occasional doses of pine woods, things break down.

Gray love

Neutral colors, such as gray ash, give a soothing feel to your bathroom. A welcome contrast can be provided by mixing the gray walls with whites and browns. Install a separate tub, shower and sink for a completely luxurious touch and complete the look.

Tangerine Vibes

When it comes to color, don’t be afraid to illustrate your artistic hand. This mandarin orange and white bathroom combination gives a space full of flavor. To replicate this look, you can paint your favorite style or use wallpaper, just make sure to contrast the top with a solid color panel under the chair rail to match it.

Chocolate and cream

Chocolate and cream

No, we don’t just care about ice cream sandwich ingredients. The rich tones of a chocolate brown bathroom make an even smaller space feel spacious and comfortable at the same time. It is a smart choice to separate the brown expanse with a geometrically designed bathroom rug, as well as the use of colored cream tiles between the mirrors.

Strong contrast

Various interiors have a lot of character and present options to mix textures, finishes, shapes and colors that would otherwise overlap and look less good together. To create a unique design, strong rustic accents can be complemented with clean and minimalist contemporary elements. This bathroom, for example, has an elegant oval tub and high-end chandelier, but in general, the walls, ceiling, doors and surroundings have a durable look.

Advantages Of Using Paint As The Core

  • If you don’t have proper ventilation, paint can eventually leak out
  • Easy for anyone to use
  • Usually more affordable
  • Easier to change along the way

Advantages Of Using Tiles As A Core

  • Easier to clean
  • Grout may need to be replaced over time
  • More lasting
  • Usually associated with higher quality

Wrapping It

Remember that the whole feel of your bathroom can be changed with different colors. For example, a warm pitch will emit yellows, reds, and oranges; while blues, greens and purples will help a bathroom feel more relaxed and cooler.

If your bathroom decor has a natural theme with materials like wood and stone, you can use warm colors. If you have a nautical or ocean-inspired bathroom, cool colors are ideal. You certainly have a favorite shade, but that doesn’t necessarily mean it’s on the walls of your bathroom. Put some effort into the color of your bathroom and you will be forever happy about the result.

Meanwhile, if you want to read more such exciting lifestyle guides and informative property updates, stay tuned to Feeta Blog — Pakistan’s best real estate blog.

Best Color Schemes For Bathrooms in Pakistan

Design a colorful bathroom with styles that really speak to you. It’s important to create a space that increases your energy and offers you a quiet rest from your busy schedule, as it’s the room for which you spend time getting ready in the morning and getting ready for bed. Consider customizing your color scheme
About-Gutters-What-You-Need-to-Know

About Gutters: What You Need to Know

Gutters are often the most ignored parts of a rental house. Although they have simple designs, they help protect your property from any major water damage. So, with this important work, it is best to learn more about drains and how this system affects your house.

Basically, drains collect rain from the roof. Whenever it rains, the water rolls down the slope from the roof to the gutters. Like the rainwater pools, it travels through the drainage system from your rental home to your downstream, which carries water from the drains to the base of your property. Typically it is deflected to protect your foundation and basement from flooding and other water damage.

Drains Vary In Materials

Drains-Vary-In-Materials

Whether you are planning to install a new drain system or replace your current drains, one of the things you need to know is that drains have a variety of materials.

Some of the popular materials of which most drains are made of vinyl, copper, steel and PVC. Cast iron gutter is also a common option nowadays due to its affordability and durability.

To make the best decision on which materials are a good choice for you, you need to explore their pros and cons. This way you can make a well-informed decision about what kind you need to install in your rental property that would best serve your tenants. If you are still confused with the options available, never hesitate to ask for professional help.

 

Cleaning Your Flute is Important

Cleaning-Your-Flute-is-Important.

No matter what your cleaning time is each season, cleaning your playground’s drain system should be one of your priorities. Don’t just rely on your tenants ’schedule or initiative to clean it up. Remember that keeping dirt or debris away from your drains is important to protect the structure of your property and prevent costly nuisances in the future.

There are other reasons why it is necessary to clean drains, especially if you own rentals. These include the following:

  • Reduce The Risk Of Cracked Foundation:

    If you have clogged gutters, the water can build up around the foundation of your home, which can crack your foundation after it freezes and expands during the winter season. As a wolf owner, you don’t want something like this to happen because that would mean significant repair costs.

  • Save the Plagues:

    Clogged street gutters with leaves can be a desirable home for birds, rodents and insects. If you want to keep the pests at bay to prevent them from damaging other areas of your rental, make sure your drains stay clean.

  • Protect Your Precious Roof:

    When rainwater continues to flood, it can leave a leaky or rotten roof. Once your roof has suffered water damage, it may cost you a lot to repair it. So, if you don’t want to spend more for roof repair because your tenants have failed to take care of your drains regularly, be sure to include them in your cleaning routine.

  • Prevent Water Damage:

    Once your showers and drains are blocked with debris and leaves, rainwater may not be properly suited. As the water overflows from the drains, it can result in water damage both outside and inside of your rental property.

  • Save Money:

    Rain and runoff can help prevent costly and unexpected roof or runoff repair services. Taking some preventative measures can help reduce the likelihood of having to replace or repair your roof.

  • Protect the value of your rental property:

    Drains are one of the parts of your rental home that will enhance the aesthetics of your property as they are easily visible. Poorly maintained drains can fall off, and the overflow can stain fascia boards. Such problems can diminish the integrity of your structure. In addition, clogged drains can decrease the rental price you can charge for your property. They will also cause problems if you intend to sell the house in the future.

Considering that reason, it’s important to clean your drains. Repairing them will improve how the roof looks, improving the potential rental prices of your rental home, overall value and brake appeal.

 

Should You Hire or Hire Professional Gutter Cleaners?

Should-You-Hire-or-Hire-Professional-Gutter-Cleaners

Because cleaning drains is a simple task and can be a part of anyone’s home care checklist, it is also a good idea to do it on your own, which can let you enjoy savings. However, if you have a busy lifestyle and hectic schedules like most wolf owners or investors, it would be best to hire professional street doctors.

The best thing about hiring experts is that they have the proper equipment and tools to properly clean your drains. They also have the knowledge and expertise to provide proper care and maintenance for drains. So, if you have extra money for your budget, it is worth spending on professional solutions.

 

Conclusion

Gutters are essential as they protect any house from water damage and rain. Without a good drainage system, rainwater will collect in your roof, which can cause mold, deterioration or rot. It will weaken the shingles, fascia and ceiling. So make sure you choose the best drain system suitable for your rental property. Don’t forget to provide proper care and maintenance to extend its lifespan and better serve current and future tenants.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.

About Gutters: What You Need to Know

Gutters are often the most ignored parts of a rental house. Although they have simple designs, they help protect your property from any major water damage. So, with this important work, it is best to learn more about drains and how this system affects your house. Basically, drains collect rain from the roof. Whenever it
Key-Points-For-Buying-a-Property-On-Installment-Basis

Key Points For Buying a Property On Installment Basis

Real estate investing in Pakistan is one of the most lucrative small-scale investment options in Pakistan. Property On Installment Investing is considered one of the best small-scale investment opportunities in Pakistan. The wide range of available options and convenient planning plans of developers further add value to the payable factor of real estate investment in Pakistan. Therefore, if you are interested in buying property for free but are not aware of the procedure and aspects involved in the overall process, we will give some handy tips today that will eventually help you buy real estate. delivery plan.

PRACTICAL TIPS FOR BUYING GOOD IN FACILITIES

Here are some of the important points to consider if you are looking to buy a property according to the transfer plan.

– Detailed Research
– Evaluate the Place
– Double check Laws
– Stay Informed
– Obey the Rules

Detailed Research

Detailed-Research

One of the initial steps before investing in real estate is detailed research. You need to carefully monitor the local property and the average price trends for the type of property you are buying. This is one of the basic tips for buying a property through a transfer plan.

You need to have an idea of ​​the current real estate prices of the local market, it helps you avoid overspending while you are getting a free deal. You can always check out faizanbarai.com to check out the popular newly launched and upcoming projects in the real estate market of Karachi.

Almost all newly launched real estate projects offer convenient floor plans. It gives you the opportunity to compare different projects according to your budget and preference. You need to check the facilities and amenities and other factors that add value to your investment and consider each option accordingly. All of these steps are essential before finalizing your decision.

If we emphasize facilities necessary for contemporary living, the housing project in which you intend to invest must offer 24/7 service supplies, security and well connected with the city. If you are interested in investing in an apartment, you need to make sure that the project offers elevators with a power reserve, especially if your chosen apartment is located on the upper floors.

The latest projects also offer amenities such as indoor recreational activities, a dedicated space to spend free time, and selected parking spaces.

Evaluate the Location

Evaluate-the-Place

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

Double-check-Laws

We have seen many large-scale repressions against intrusions and illegal housing across the country in the recent past. That’s why it’s so important to make sure the property you’re investing in for free has no legal issues. Always double-check the background and legal status of the project before investing.

If you intend to invest in Karachi, you can always check our website to be informed about legal and illegal housing projects in the city.

Find Out About Latest Developments

Stay-Informed

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

Obey-the-Rules

To make things easier for your delivery, you must follow rules and regulations. You need continuous interaction with the builders and frequent visits to their offices to document all transactions. Always keep every small transaction about documents. You should receive every receipt payment as a secure side to avoid any inconvenience in the future.

If we talk about the payment structures, the down payment is usually about 10 to 15 percent of the total assets you have to pay initially. Then you are entitled to either pay monthly, quarterly or biennially. It all depends on your payment plan. You need to make sure that you follow rules and guidelines and that there are no payment deadlines. It helps you to achieve timely ownership and maintain a good reputation as a real estate investor.

So here are some of the key aspects we’ve collected today. We hope these points help you plan your investment in real estate. If you have any questions or confusion about purchasing a property through a delivery plan, please contact us or write in a comment section.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

Key Points For Buying a Property On Installment Basis

Real estate investing in Pakistan is one of the most lucrative small-scale investment options in Pakistan. Property On Installment Investing is considered one of the best small-scale investment opportunities in Pakistan. The wide range of available options and convenient planning plans of developers further add value to the payable factor of real estate investment in
Here-Are-The-Answers-Of-Most-Commonly-Asked-Questions-About-Real-Estate

Answers to Commonly Asked Real Estate Questions

Unlike Pakistan, many people in foreign countries sell and buy property through lawyers. Hiring a lawyer yourself is a very mobile process, but ultimately it reduces the risk of fraud and helps avoid legal complications. We in Pakistan rarely go to lawyers for property. We either do it ourselves or do it with inauthentic real estate. This practice leads to fraud and illegal deals many times over.

The real estate gurus always recommend involving a practical lawyer to take care of the legalities involved in real estate or at least an authentic real estate agent to completely guide you through the process. This will not only help you avoid potential fraud but will also help you secure your investment.
The number of complications in real estate is very high. That’s why we always recommend our readers to have a basic knowledge of real estate-related things and terminology.

Today we will discuss some of the most frequently asked questions about the real estate market.

 

1) What is Shajra?

A detailed map of an area with land divided into pieces and each block is labeled with a specific number is called Shajra. Shajra includes all the details of each khasra, such as its size and location.

 

2) What is Khasra?

Khasra is that particular piece of land of Shajra that has been labeled with a specific number.

 

3) What does fard e milkiyat mean?

Fard e milkiyat is a registry of rights/registry haqdaran-e-Zameen. It is supported by the government authorities to determine the legal owner of the land and to keep a register of real estate rights.

 

4) What does Tattima Registry mean?

Register Tattima means additional sales test of hasasra. Means an additional sales test of a particular piece of land.

 

5) What is Baye-Nama?

The Baye-Nama or Register sales test is the document that creates a title in real estate.

 

6) What are some laws on the real estate sector of Pakistan?

Some of the laws in the constitution of Pakistan that deal with real estate are the following:
1) Transfer of Property Act, 1882.
2) Land Revenue Act, 1967.
3) Stamp Act, 1899
4) Registration Act, 1908.

In addition, always consult an attorney for real estate law counseling.

 

7) Can we use the farmhouse as an office space?

It is illegal to use a farmhouse for commercial purposes. However, there is an exception for some companies such as IT services, which can be operated from residential areas.

 

8) Do we inherit the law in Pakistan?

Yes, Pakistan has several inheritance laws that apply depending on religious affiliations. For example, Islamic personal laws are for Muslims and people belonging to other religions have a hereditary law according to their religious leaders.

 

9) Can I buy a property in Pakistan as a foreign Pakistani without a visit?

Yes, a foreign Pakistani can easily buy property in the country without visiting Pakistan.

 

10) Do I have to record the transfer of real estate every time?

Yes, every transfer of real estate must be registered and delivered. It can be done only with a registered sales document.

 

11) What are the necessary documents to legally own a property?

The only document you need is a document to control the delivery of property in your favor. This may include other documents such as a deed of sale, a letter of receipt and a certificate of sale.

 

12) What does proxy mean?

A prosecutor is a powerful form, assigned to an agent of the principal to perform an act and deed for and on behalf of the principal. A prosecutor may also receive from person A to person B to appear before the court, tribunal, and authority to complete any real property or transaction. When it is allowed to authorize certain transactions, it is called an attorney general and it must be registered.

 

13) Can a person with a prosecutor’s hand over property on their behalf?

No, the person who is appointed prosecutor on your behalf has a fiduciary duty to act in your interest and do what you would do yourself, if possible.

 

14) Can I revoke my power of attorney?

Yes, you can revoke your proxy at any time.

 

15) Is my prosecutor for life?

A prosecutor can be for life and in that case it will end after death.

 

16) In which case is a prosecutor suspended?

As mentioned in the previous question, it can be canceled at the death of executioners and it can be canceled by the executioners in his life.

 

17) Can a mortgaged property be sold?

No, real estate mortgaged property cannot be sold.

 

18) What is stamp duty?

Stamp duty is essentially a government tax on the transfer of property.

 

19) Who has to pay stamp duty?

The buyer must pay the stamp duty. However, in some cases, sellers also undertake to pay for it themselves.

 

20) Which authority holds the country record in Pakistan?

The Department of Revenue of the District Administration is responsible for maintaining land records. They also decide the boundaries of property and possession.

 

21) How can I sell a property as a co-owner?

You may sell the property as a shareholder, but you may sell only the scope of your share.

 

22) How can we differentiate a will from a gift?

A will is only after the death of the creator, while a gift can be made for a lifetime. An owner is entitled to give all his property to the lawful heir during his lifetime, but he cannot do the same by will. However, a homeowner may give a will to give a third of his property to someone who is not the legal heir. And if this favor is done for a lawful heir, it requires the consent of all other lawful heirs.

 

23) What are the essentials of a gift?

There are basically three essentials of a gift:
1) Offer from the donor
2) Acceptance of the person to whom the gift is received
3) Transfer of possession

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

Answers to Commonly Asked Real Estate Questions

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

TRC Refines Valuation System for Immovable Properties

ISLAMABAD:

The Tax Reform Commission, led by state revenue minister Hammad Azhar, on Monday, decided to refine the system for valuing real estate, speeding up a process of tracking and tracing in the tobacco sector.

This would also include recommended procedures for taxing small entities involved in the retail trade, reports the Business Registrar.

The meeting discussed the topic of real estate appraisal and informed the participants that using appraisal tables was a tentative proposal and was not a long-term measure to appraise such real estate.

Moreover, from a review appraisal each time, a constant solution for the appraisal of real estate was proposed during the meeting.

The issue of a link between bank accounts and national tax numbers (NTN) for broadening the tax base was also discussed during the meeting.

Therefore, it was agreed to investigate the likelihood of effectively using the data of the National Database and Government Authority (Nadra) to bring potential people into the tax network.

The meeting also accepted the recommendation of the Implementation Committee on Tax Reforms (TRIC) to draft a simplified return form for small and medium-sized enterprises (SMEs).

According to officials of the Federal Revenue Board (FBR), the holding in the pursuit of a track record in the tobacco industry has contributed to a massive revenue loss of 40-50 billion a year.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about architecture, Lifestyle and Interior Design.

TRC Refines Valuation System for Immovable Properties

ISLAMABAD: The Tax Reform Commission, led by state revenue minister Hammad Azhar, on Monday, decided to refine the system for valuing real estate, speeding up a process of tracking and tracing in the tobacco sector. This would also include recommended procedures for taxing small entities involved in the retail trade, reports the Business Registrar. The
Healthy-Real-Estate-Well-Positioned-for-Sustainable-Growth-in-a-Post-COVID-World

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

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.

Request for Medical Office

2. Increased real estate demand from the segmentation of wellness and acute care locations

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

Medical-office-investments-are-a-source-of-pre-pandemic-mid-pandemic-and-post-pandemic-stability

The numbers don’t lie. Medical office buildings (MOB) are loved by passive investors because of long-term leases, stable employment, consistent income, and rental quality.

This active class has a lot of tailwinds blowing favorably for both the short and long term.

First and foremost, these properties have benefited greatly from all the aid in the multiple incentive packages and the billions dedicated to helping small companies. Think of all the independent doctors and small practices that have benefited from the PPP loans. While many tenants struggled to pay rent, most of these medical tenants were quite good. Loans from the federal government required hospitals to maintain employee levels and continue to pay rent for their buildings, and as a result, relatively few organizations had trouble paying rent. In fact, in the worst part of the pandemic, owners of medical offices have collected rent from tenants in the high 90 percent range.

As a result of the relatively low amount of rental delays, there is a strong long-term outlook for medical real estate.

Also, consider MOB fundamentals and occupancy rates. Through approximately 1.5 billion square feet in the United States, MOB occupancy has been remarkably stable. Between the financial crisis and now, MOB employment ranged between 91.4 percent and 92.6 percent. Compare that to the average occupancy rate for offices in the U.S. in that same period – about 82.1 percent to 85.8 percent.

Occupation of Medical Office Building

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.

NNN Rentals

Key Withdrawal for Investors

Key-Withdrawal-for-Investors

Can medical real estate withstand the downturn in the commercial market? The answer is a resounding yes. “The current challenges facing the global economy, and the potentially aggressive rebound of business sentiment in the U.S., create an ideal opportunity for companies like OrbVest to help investors around the world invest directly in medical real estate in the U.S. and grow their wealth steadily and sustainably,” says Freeman.

Healthcare is changing, our demographics are aging, and if this last year has shown us anything, it is that an adaptable and thoughtful healthcare system is essential for a functioning society. We will see numerous changes in medical real estate and MOBs in the short and long term. But the bottom line is that if you look at the fundamentals, you really can’t find a better long-term investment than medical real estate for stable income streams, quality tenants, long-term rents, and high occupancy rates.

If you look at investment performance after the financial crisis, this supports the fundamentals of the sector. This is an ongoing asset class, changing over time, and a property type that will experience growth a lot in the future.

If you are looking for passive income in real estate, medical commercial real estate offers an extraordinary investment opportunity.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

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
Real-Estate-Investment-on-Installments-vs-Cash-in-Pakistan

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:

  1. Possession plots about money.
  2. Possession plots of money.
  3. Ownership Plots in payments.
  4. Real estate built with money.
  5. 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

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

  1. 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.
  2. You get taxed because real estate prices go up over the entire property and not just for what you paid.
  3. It usually offers more flexibility, as you can buy more properties with the same money and then liquidate them in part at a profit.
  4. Buildable buildings (Houses, Dwellings) in parts are usually available at a price less than or equal to similar owned real estate.
  5. You can take advantage of Dollar appreciation if it occurs during that time period.

Disadvantage of cash against real estate arrears

  1. 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.
  2. Buying cash-owned property is safer than investing in property in installments, which is yet to be developed.

The comparison

The-comparison

If you do not have the money, obviously it is your choice, all you have to do is buy a property after the payment. However, if money doesn’t limit you, it’s time to evaluate all the options to find what works best for you.

Possession plots on Cash

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

Landles-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

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:

  1. Expected appreciation of the plots in the near future.
  2. How long can you keep the real estate without draining all your money?
  3. Terrible sales planning for profit/reward.
  4. 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

Real-estate-built-with-money

This is always a good option to get a mature property to generate solid cash flows. Rental income in my opinion is the mother of all real estate in Pakistan and in the world. However, many people cannot do it due to financial constraints, as built profits are usually more expensive. That is why speculative investments in plots continue to remain the most popular real estate investment in Pakistan.

However popular does not mean success either. The success rate of people who have invested in rental income-generating real estate exceeds that of those who have invested in plots.

Buildable real estate in installments

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:

  1. Residences, houses or shopping malls are usually made in places already mature. So technically you are investing in an already mature asset.
  2. 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.
  3. 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.
  4. The product of your investment is an asset that can be rented out and used to increase your passive income.

The only major drawback I see in this type of investment is that sales are usually slow compared to plots. This is due to the fact that these are usually end-users after a natural gain and do not serve the purpose of part-time investors looking for speculative bubbles. However, this aspect is also improving as the construction trend continues to grow across Pakistan and investors are getting more and more engaged.

The winner won a chicken dinner

Winner-won-a-chicken-dinner

The winner in my opinion is construction projects in installments followed by rental income-producing real estate in cash. The thing is, real estate adds capital gain in access by about 50% during its construction. In addition, the end result will produce a property that generates cash flow as opposed to plots and you will not fail to raise money as so many people did between 2016 and 2020 who invested in plots.

The past has taught us one thing, conspiracy investments in Pakistan have long periods of zero to negative growth. If you get stuck in one, you’ll have to wait half a decade before you can even think about liquidating your asset.

The secret to our success is the loyalty and trust we share with our investors, we win when you win.

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

Real Estate Investment on Installments vs Cash in Pakistan

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
4-Advantages-Of-Installing-Tankless-Water-Heaters-In-Your-Next-Flip-Home

4 Advantages Of Installing Tankless Water Heaters In Your Next Flip Home

A house reversal is a process in which someone buys an old house that needs extreme renovation and renovation, and then resells it for a higher price. When it comes to home throwing, you need to make sure that you come up with a good quality home so that you can attract more people to look at and eventually buy your property.

One of the best things to add to your next flip home is a tank water heater. A water heater has become necessary for those who simply cannot find comfort in showering with cold water. A water heater is also ideal for operating your dishwasher. With that, you need someone reliable who can install tankless water heaters in your homes, such as CE Pipe and Heating.

Moreover, listed below are the advantages of why you should install without tank water heaters in your next home.

1. Saves Space

Saves-Space

When you go home, you may save as much space as possible so that you can use the extra areas for additional features. These could be added storage space, a sink or even a work table.

When targeting a traditional water heater, you may have trouble using the area because you need to consider the tank space. With a tankless water heater, however, you can save a lot of space, as you will only need to install a device on your wall. With the saving space of an invariable water heater, you can fully utilize the extra space into something more useful that could add value to your thrown home.

2. Saves Energy

Save-Energy

Without a tank water heater was very popular because of its energy efficiency feature. It only heats water on demand, instead of storing a large amount of water inside a tank and heating it throughout the day.

Because without a tank water heater is cost-effective, potential buyers would be more interested in your home because they know they will save a lot of money on energy costs. Without a tank water heater uses energy only when you turn on the faucet or the shower cap, so it doesn’t continue to work even at night.

Every home buyer would like to save money, especially when it comes to reducing their monthly service bills, as they are the main culprit as to why monthly expenses cost more. With a tankless water heater, they can dramatically reduce their electricity bills from 8% to 50%, depending on usage.

3. Promotes Excellent Farm

Promotes-Excellent-Farm

If you go home and you were unable to sell it immediately than anticipated, you may want to purchase items and features that are sure to increase the value of the property. With high-quality items, you can be sure that your property would still be in the best shape even after so many years.

Without a tank water heater, it can last up to 20 years, twice as long as the conventional water heater models. Along with that, a tank water heater also gives a long warranty, so you can guarantee that you will have a reliable water heater in your home that you can quickly repair after it has developed damage due to wear and tear.

That’s why you need to buy your tank water heater from a company that has been engaged for years so that you can guarantee that they will serve you well when you need to ask for your warranty claim only if your water heater is not working properly.

 

4. Promotes Comfort And Comfort

Promotes-Comfort-And-Comfort

Everyone wants to buy a home where everything is convenient and comfortable to use. While a water heater can help provide an adequate amount of heat while you shower or take a hot and relaxing bath, it will be best if you can get hot water on demand, so you don’t have to wait too long if someone has already used heated water in front of you.

 

Conclusion

A tankless water heater provides many great benefits for every homeowner, especially for those people who want easy and economical features. If you are a house pinball machine, it will be ideal if you get what most people want so that you can increase your chances of selling your house quickly.

Without a tank water heater can be one of the home investments that will pay you back, even for the new homeowner.

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about Architrcture, Lifestyle and Interior Design.

4 Advantages Of Installing Tankless Water Heaters In Your Next Flip Home

A house reversal is a process in which someone buys an old house that needs extreme renovation and renovation, and then resells it for a higher price. When it comes to home throwing, you need to make sure that you come up with a good quality home so that you can attract more people to
Investment-In-Commercial-Property-In-Pakistan

Investment In Commercial Property In Pakistan

Commercial real estate in Pakistan has different characteristics that distinguish it from a dwelling house.

It is not a simple job to invest in commercial real estate. Before investing, there are also things to look at. Business investment in Pakistan includes the choice of the site, the number of feet, how many people visit the region per day, price, price for money, and so on.

It is just as difficult to find the right property for your company, whether it is rented or purchased. Property is another aspect that needs to be targeted in the form of the company so that the investment is not lost.

That is why there are some outstanding advantages and handy tips for investing in commercial real estate in Pakistan.

Equality

Equality

By building equity in your real estate business, you will use it to further expand your business without jeopardizing your business. This helps you deal with the development of your company more flexibly.

It also gives more options when the retirement period arrives. As a company owner, you can either directly sell the practice and underlying property during the retirement period, or just sell the practice and rent a commercial property that provides a source of income.

Good Thanksgiving

Good-Thanksgiving

Investments such as stocks do not allow for anything more than buying and selling, however, provided requirements are met and necessary permits from a local authority are secured, commercial homeowners can invest in their real estate.

A commercial property owner in Pakistan can upgrade, restructure the property outside or inside, increase rents or even modify its zoning. Inflation will bring value to current features as well. While new developments may cost more than building older properties, existing sites and the more recent local construction are still growing in value.

Tax Benefits And Maximum Returns

Tax-Benefits-And-Maximum-Returns

It can be a dynamic place to invest. Unfortunately, it is not only black and white as a profit generation. Taxes and other external conditions can also affect business activities. These elements can be used to your advantage when working with real estate.

The value could rise in terms of market valuation and financial value for you, but over the years the building itself would certainly decline. The direct decline indicates that the physical value of property decreases over 27.6 years. Meanwhile, after more than a decade, other features will fall apart. This loss will offset a market value gain that actually contributes to a better outcome.

A competent accountant would require these considerations. However, in most markets, such resources are not open. Here is another explanation for preferring industrial ownership over other solutions.

Cash Flow Perspectives

Cash-Flow-Perspectives

You must pay the premium for an additional cash flow of rental income if you own a commercial property with room for tenants. Tenants are willing to use their money to pay for the purchase of their land, offsetting the expense of saving.

It is important to note, however, that tenants include responsibility for property maintenance, which will diminish the presence of the main commercial properties.

Practical Tips For Investing In Commercial Real Estate In Pakistan

  • One must understand the state of the market, including tariffs and the value of land, so as not to deceive man. It is extremely important to keep yourself up to date. In relation to residential and commercial property, there is a great distinction, so the characteristics of both forms must be understood.
  • You need to prepare yourself so that you know when, why and how to invest in company property because there is only one factor you need to consider when investing.
  • You need to remember whether the position would offer you capital growth or not, and whether the site has construction potential or not.
  • The land has or does not have the most important lease option. If you do not want to use the feature yourself, you must rent it.
  • The land should also include important amenities such as parking lots and electrical supplies.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

Investment In Commercial Property In Pakistan

Commercial real estate in Pakistan has different characteristics that distinguish it from a dwelling house. It is not a simple job to invest in commercial real estate. Before investing, there are also things to look at. Business investment in Pakistan includes the choice of the site, the number of feet, how many people visit the
How-to-Avoid-Long-Home-Selling-5-Tips-to-Sell-Fast

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

Avoid-Dealing-With-Consumers

Consumers are not everyday shoppers. They are private people who are looking for their dream home at the lowest price. They want a house in good condition without significant roofing, electrical, plumbing, drainage and foundation problems. Consumers are also the most demanding type you will ever meet.

According to the June 2020 statistics of the National Association of Real Estate Agents (NAR), the typical U.S. home remains on the market for about 24 days and 46 days to close a purchase loan agreement gives an average of 70 days from listing to closing. These statistics are based on traditional home sales. Why do you wait so long if you have other options?

The benefits of avoiding dealing with consumer shoppers include the following:

  • Deal with investors like you:

    You can avoid dealing with consumer buyers, which can prolong home sales by dealing with a buying company, such as Buyers of Burlington Houses. Home buying companies are managed by investors like you, buying and selling homes to the commercial market. They aim to make money with modest profits by buying and selling real estate at a low price instead of selling expensive homes for significantly high profits.

  • Save time and money:

    Avoiding consumer shoppers can save you money from inspection, listing, repair and other expenses. On the other hand, selling a home to a real estate investor is time-consuming and cost-effective because you will be spending money for nothing.

  • Sell ​​Your Home Quickly:

    Private individual buyers need nutrition, constant monitoring and monitoring. They are difficult to handle, unlike cash buyers who are simple in offering quotes. Either you accept the offer, make a counter-offer or reject the offer.

2. Promote Your List Online

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

Hire-an-Experienced-Seller-Real-Estate-Professional

You’re probably too busy managing your business and other investments and don’t have time to deal with long-term home sales. You can hire a real estate professional (real estate agent or real estate agent) who has experience in dealing with home sellers for your best interest.

Choose an experienced real estate professional from a good company by following these tips:

  • Evaluate Certificates:

    Real estate professionals are qualified to handle real estate buyers and sellers. Be sure to evaluate the testimonials from your prospects to avoid problems. Look for licenses, permits, certificates and membership to respected properties.

  • Interview:

    When you have limited your choices to at least two real estate professionals, interview everyone to get to know them. Find out who among them has the best gentle skills. Don’t hesitate to ask questions such as if they are experienced in helping investors in the past. You may prefer to hire someone you are comfortable talking to, someone you know real estate with a keen business instinct.

 

4. Make Necessary Repairs

Make-Necessary-Repairs

Buyers always inspect for defects more than the comforts of a home for sale. So it makes sense to complete the necessary repairs to sell a house quickly. Hire a professional to inspect your home and make the recommended repairs or improvements. Don’t forget to get a certificate so you can present it to a buyer who may have doubts about the longevity of your roof system or other home appliances.

The necessary repairs you need to make to avoid a long home sale include the following:

  • Roof Repairs: Repair cracks and holes or replace shingles and worn-out drains.
  • Pipe Repairs: Repair leaks and clogged toilets, pipes and sinks.
  • Electrical Repairs: Repair faulty wiring and replace old electrical outlets.
  • HVAC repairs: Check for leaks, and damaged thermostats, and replace capacitors.
  • Graduation and Drainage: Drain regularly as needed.

 

5. Know the Perfect Time to Sell a House

Know-the-Perfect-Time-to-Sell-a-House

Investors should always know when to strike while the iron is hot. In general, the best time to sell a house to maximize return is from May 1st to 15th. Properties sold in the first half of May tend to sell six days faster for $ 1,600 more than the average listing. Homes listed on Saturday get 20% more views during the first week on the market compared to homes listed on Tuesday.

The right time to list and sell a house can make a big difference in the sale price. Market circumstances can affect the perfect time to list a home, such as mortgage rates, tax incentives, and job growth. List your house on the market as early as April 1, depending on your location, or until July 15.

 

Conclusion

As an investor, you want to avoid a long-term sale of homes by selling your property to a buying company. Use digital technology to your advantage by promoting your list online and creating a virtual tour.

If you are too busy with your other investments, hiring a real estate professional will save you from the hassle of selling a home. Make sure you are dealing with an experienced real estate broker or real estate agent, someone who will protect your interests.

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

How to Avoid Long Home Selling: 5 Tips to Sell Fast

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
Procedure-for-accepting-in-one-window-operating-directory-of-CDA

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.

For news and blogs, visit feeta.pk.

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

USD and Pakistan Real Estate

USD and Pakistan real estate enjoy a very complicated relationship. Although they are a very small factor especially for the emigrants, not much is available according to research. However, if you understand how they affect each other, you can probably make a lot more money than you usually do. It is often understood that a rise in USD price is directly responsible for real estate growth. In 2018, when the dollar gained 35% in record time, real estate was also expected to grow. It usually functions as a hedge, however, it took almost 2 years and a global pandemic to realize real estate.

Today while house prices are about 30 to 50% higher than year 2018, in dollars the prices are similar to that of 2018. Now it is time to find out if this correlation has existed in the past or not and how it works usually plays out.

Taking DHA Lahore as an example, let’s look at the data we have:

USD – PKR exchange rate in 2005 -2007 = 60

2008 = 70

2009 – 2011 = 80 to 85

2012 = 90

2013 to 2017 = 100 to 105

2018 = 121

2019 to 2021 = 155

For the purpose of this study, we calculated average prices of DHA Lahore Phase 5, 6 and 7.

 

Year 2005

1 x USD = 60 PKR

Average price of DHA Lahore Phase 6 in 2005 = 8 Million (150,000)

Average price of DHA Lahore Phase 7 in 2005 = 7 Million ($ 116,666)

 

Year 2011

1 x USD = 80 PKR

Average price of DHA Lahore Phase 5 in 2010 = 10.2 Million ($ 127,500)

Average price of DHA Lahore Phase 6 in 2010 = 6.6 Million (82,500)

Average price of DHA Lahore Phase 7 in 2010 = 4 Million ($ 50,000)

 

Year 2013-2014

1 x USD = 100 PKR

Average price of DHA Lahore Phase 5 in 2013 = 20 Million ($ 200,000)

Average price of DHA Lahore Phase 6 in 2013 = 15 Million (150,000)

Average price of DHA Lahore Phase 7 in 2013 = 10 Thousand ($ 100,000)

 

Year 2016

1 x USD = 105 PKR

Average price of DHA Lahore Phase 5 in 2016 = 29 Million ($ 276,190)

Average price of DHA Lahore Phase 6 in 2016 = 24 Million (228,571)

Average price of DHA Lahore Phase 7 in 2016 = 14.6 Million ($ 139,047)

 

Year 2019

1 x USD = 160 PKR

Average price of DHA Lahore Phase 5 in 2019 = 35 Million ($ 218,000)

Average price of DHA Lahore Phase 6 in 2019 = 28 Million (175,000)

Average price of DHA Lahore Phase 7 in 2019 = 13.7 Million ($ 85,625)

 

Year 2021

1 x USD = 160 PKR

Average price of DHA Lahore Phase 5 in 2021 = 40 Million ($ 250,000)

Average price of DHA Lahore Phase 6 in 2021 = 36 Million (225,000)

Average price of DHA Lahore Phase 7 in 2021 = 22.7 Million ($ 141,875)

Summary

Looking at the above data, it is clear that profits in USD vary depending on the cycle you are looking at. Keeping your property for long periods of time is usually not a very profitable option. Smaller cycles with a stable USD PKR period are where house prices have really offered good returns.

It is also clear that an increase in USD-PKR rate does not have an isolated effect on house prices. For example during the period from 2006 to 2011 house prices fell while USD – PKR rose from 60 to 80. However, the house prices actually cover the gap.

USD and Pakistan Real Estate 2021

While the real estate market is growing according to PKR, it has barely managed to gain the lost glory of the year 2016 in terms of USD. Rather in most areas, it is still struggling as Phase 5, which is lower in terms of USD than its 2016 high.

If you have invested dollars in Pakistan in the last 10 years and you have been consistent then no matter what happened, you have earned some money. Not as much as you thought you had or believed.

That is why renting generating real estate is the key to creating wealth. Plots really aren’t the way to go if you want to create real wealth in real estate. It is the effect of drops of the rents that enriches you, and not a piece of land that lies there for all eternity.

The dilemma is that anyone who invested in Plots in 2019 or 2020 is now at least 30 to 40% richer. Where those who invested in plots in 2015 or 16 or earlier are now just breaking through.

On the other hand, everyone who has invested in rental real estate during these times enjoys their wealth growth regardless of the time frame.

Lesson learned?

When the dollar rises and real estate falls, it’s time to buy plots. However, if you want to make money regardless of when you are investing in rental generic real estate, it is the only evergreen solution.

For the latest updates, please stay connected to Feeta Blog – the top property blog in Pakistan.

USD and Pakistan Real Estate

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
Low-Cost-Govt-Housing-Finance-Scheme

Low Cost Govt Housing Finance Scheme

Realizing The Dreams Of A Middle-Class Sector

The Government of Pakistan has recently launched cheap house financing to sacrifice aid to the petty-bourgeois sector.

Although many banks face challenges in offering home lending with low-interest rates, the government has taken measures to offer home loans with a markup rate of 5% (for 5 marla houses) and 7% (for 10 Marla houses), for a set of benefits. to the banks.

The ruler. a cheap housing finance plan is structured so that people pay their rent for the house on a monthly basis. This system is based on basic bank loans that would have an interest rate 50 percent lower than those normally paid by banks to their customers.

Old or new projects and plot owners can get funding for the construction of their own houses. The funding must be supported for a period of no more than 25 years. The total amount of funding for cheap housing will be between 2.7 million and 5 million.

In addition, the interest rate subsidy is available from all banks and is divided into three groups:

Group 1

Financing for houses/apartments/apartments up to 5 marl or 125 sq. Ft. Available under group 1. Courtyards, fenced full area 850 sq. Ft. The feet and the maximum price under NAPHDA enterprises is Rs. 3.5 million.

Within this group, the maximum funding is Rs 2.7 million with a maximum tenure of up to 20 years.

Banks will charge KIBOR plus 250 basis points for the full marking rate. In the first five years, however, the GOP will have an additional payment to reduce the debtor’s debt to 5 percent and in the next five years 7 percent.

KIBOR is known as the Karachi Interbank Offer Rate, which is a market benchmark for most retail lending banks and is established on a daily basis. These prices are listed regularly on the website of the State Bank of Pakistan.

Group 2

Support for houses/flats/apartments up to 5 marl or 125 sq. Ft. Group 2 is also given. Most covered yards of 850 sq. Ft. Feet and Rs 3.5 million maximum prices.

Under this group, the maximum support is Rs 3 million, with a maximum tenure of up to 20 years. This degree assists individuals and households not eligible or eligible for NAPHDA projects to build or lease housing.

Banks can charge KIBOR plus 400 basis points with a maximum markup rate. For the first 10 years of Group 2, however, the subsidized rate for borrowers is the same as for Group 1.

Group 3

The marking facility in Group 3 supports subsidized housing for poor families. Group 3 approves subsidized funds for the development or acquisition of more than 5 Marla (125 sq. Yards) and Up to 10 Marla (250 sq. Yards) houses/apartments/flats with a total protected area of ​​850 sq. Km. 1,100 square feet. Feet and Rs 6 million maximum prices.

In this line of funding, the maximum funding is Rs. 5 million for tenure for up to 20 years.

Banks can charge KIBOR plus 400 basis points with a maximum markup rate. However, for the first five years and the next five years, the GOP will have a brand subsidy to reduce the borrowed rate to 7 percent.

Wrapping It

Loans are easily accessible in the world for the housing industry, although in Pakistan the procedure is very difficult which has contributed to the formation of a committee. The purpose of the plan is to provide people who could not afford their own house, with cheap housing. The rules on the building sector will also be simplified and the payment of loans encouraged.

Also, if you want to read more informative content about construction and real estate, keep following Feeta Blog, the best property blog in Pakistan.

Low Cost Govt Housing Finance Scheme

Realizing The Dreams Of A Middle-Class Sector The Government of Pakistan has recently launched cheap house financing to sacrifice aid to the petty-bourgeois sector. Although many banks face challenges in offering home lending with low-interest rates, the government has taken measures to offer home loans with a markup rate of 5% (for 5 marla houses)
Procedure-for-obtaining-a-water-connection-from-CDA

Procedure for obtaining a water connection from CDA

The Capital Development Authority (CDA) has devised a mechanism to obtain water connections. The procedure is as follows:

  • Submission of A-3 form
  • Sort by the size of the plot
  • Certified copy of donation letter
  • Dully witnessed photocopies of NIC
  • Certified photocopy of the letter approval plan

Watch this space for more information on that. Stay tuned to Feeta Blog for the latest updates about architecture, Lifestyle and Interior Design.

Procedure for obtaining a water connection from CDA

The Capital Development Authority (CDA) has devised a mechanism to obtain water connections. The procedure is as follows: Submission of A-3 form Sort by the size of the plot Certified copy of donation letter Dully witnessed photocopies of NIC Certified photocopy of the letter approval plan Watch this space for more information on that. Stay
Malir-Development-Authority-Heres-All-You-Need-To-Know-About-MDA

All About Malir Development Authority (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

NEW MALIR-LOGO-SCHEME-1

The New Malir Housing Scheme-1 has extended to about 4000 acres in the northeastern part of the city. The project was launched with the aim of providing shelter to more than a million people belonging to low- and middle-income communities. The project is located in the center of Bin Qasim Industrial Zone on the main National Highway and is adjacent to Steelworks and a connecting road to M9 highway better known as the Karachi-Hyderabad highway. One of the main highways of the country.

SHAH LATIF-URBAN SCHEME 25-A

Following the pattern of New Malir Housing Scheme-1, Shah Latif Urban Scheme 25-A has also been established to provide affordable housing units. This cheap MDA scheme has significant commercial value. Shah Latif Town is located about 20 minutes from Jinnah International Airport, Karachi. Shah Latif Town is also close to the Landhi Industrial Zone.

TAISER URBAN SCHEME-45

Taiser Town is another controversial project of the Malir Development Authority in Karachi. Taiser Town is also a low-cost housing plan with the goal of providing affordable housing options to low- and middle-income communities. The project covers a vast area of ​​20,000 acres.

Taiser Town is a very popular housing plan among real estate, especially in the recent past. One of the main reasons for its popularity and superiority over other MDA projects is that it was planned by an international company. Engineering Consultants International Limited (ECIL). The housing plan will offer all the basic amenities and facilities to its residents.

In addition, a 4-lane Highway the city’s main road link passes through Taiser Town. The road intersects with Jinnah Avenue and MM Alam Road near the junction of M9, Karachi-Hyderabad Highway. Therefore, we can say that Taiser Town is located in a well-connected area.

What are the roles and responsibilities of the Malir Development Authority (MDA)?

The main roles and responsibilities of the Malir Development Authority (MDA) in Karachi are as follows:

  • The authority is concerned not only with the development of the area but also its role includes upgrading and prospering the existing infrastructure.
  • All litigation issues on housing societies, projects and urban development in the area will be handled by MDA.
  • MDA would be responsible for overseeing and approving the map of all housing developments in Malir Town.
  • MDA is responsible for ensuring that the area is free of illegal interventions and they must carry out our anti-attack drives at regular intervals to counter this issue. Moreover, MDA will also monitor and counter the irregularities in the local real estate sector.
  • MDA are parents of the Sindh Government. Therefore, it is responsible for organizing election events and launching investment plans for all its affordable housing.

How to reach the Malir Development Authority (MDA)?

You can visit the Malir Development Authority headquarters between 9:00 AM to 17:00 PM The office is located in Gulshan-e-Iqbal Karachi. Bangalow No G-4 / B, Block 17

You can also contact MDA by phone at (021) 99244770

So this is today’s comprehensive overview of the Malir Development Authority (MDA) in Karachi. We also addressed the main roles and responsibilities of MDA. We hope this information will help you better understand the purpose and purpose of this government-owned real estate authority.

All About Malir Development Authority (MDA)

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

Packages Ltd seeks details of orders from apex court regarding leased land

LAHORE: Packages Limited on Monday announced that it is in the process of obtaining the order and details from the Supreme Court of Pakistan (SCP) pertaining to leased land with 231 canals and 19 marls on Saturday.

In a notice sent to the Pakistan Stock Exchange (PSX) on Monday, Packages Limited said it is in the process of obtaining the order from the main court on the leased land and will inform the example of the exact relevant details as soon as it receives it.

On Saturday, the apex ordered Packages Limited to pay a lease of Rs500 million for the land where its factory is being built after the end of the 2015 lease agreement.

A two-member bench headed by Chief Justice of Pakistan (CJP) Mian Saqib Nisar heard the matter at the Lahore registry.

The main court ruled that the land would no longer be leased to anyone and would instead be auctioned off with first priority given to Packages Limited for its purchase.

The CJP expressed surprise, knowing that nothing had been done “with the [revenue] people just sit around ”since the lease expired.

“Is that the law of the land?” Those responsible for the renewal of the lease did nothing, “he noted, adding that” these poor people [Packages Limited] honestly himself came to make the payment “.

The chief judge then asked Lahore deputy commissioner (DC) Saliha Saeed to clarify the matter from the outset.

DC Saeed said Packages Limited received government land from 1955 to 1985 during a lease for its

Then, on July 6, 2015, Packages Limited asked the Board of Revenue (BoR) for another extension, a matter still pending.

The deputy commissioner said the BoR also received all important documents on the land along with other details in 2017.

CJP Nisar asked a senior member of the BoR present in the court to explain what the delay was. “Please explain clearly why this issue is still being handled.”

The chief judge then asked, “Where is it [the director general] DG NAB? If we can capture Mansha Khokhar, no one can evade the law, no matter how respectable. ”

The BoR (Member Colonies) official acknowledged that many candidates are pending. He said a new policy had been formulated according to which government land would no longer be leased.

He said there had previously been no policy formulation on renting government land and the matter was awaiting a decision by a committee consisting of the provincial ministers of law, revenue and finance.

“What was the mandate of this committee?” Not a single rupee has been paid since 2015, ”the CJP said, asking the BoR official,“ Who were the provincial ministers at that time? ”

“Rana Sanaullah and Ayesha Ghaus Pasha were the provincial ministers of law and finance,” the BoR official replied. He added that since the formulation of the new policy, a request has been made to the prime minister to convene a cabinet meeting as soon as possible and review the matter.

The court announced the dissolution of the lease and ordered the company to pay a sum of Rs500 million as appropriate payment.

Packages Limited shares traded at Rs377.50, down Rs0.32 (-0.08%). And the KSE-100 index traded at 38,508.42 points, up 960.93 points (+ 2.56%) during day trading.

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Packages Ltd seeks details of orders from apex court regarding leased land

LAHORE: Packages Limited on Monday announced that it is in the process of obtaining the order and details from the Supreme Court of Pakistan (SCP) pertaining to leased land with 231 canals and 19 marls on Saturday. In a notice sent to the Pakistan Stock Exchange (PSX) on Monday, Packages Limited said it is in