GQD Real Estate

15/09/2017

Great for living and investment both..
Possession in coming December..
Complete documents and all dues clear..

5 Marla plot in Khayaban e Amin N block. All facilities available. Just few minutes distance from Ring Road Possession in Coming DECEMBER.. Great for living. Contact: Ghulam Qadir +9230... - Land & Plots - Lahore

13/07/2017

After the Lahore Ring Road (LRR)’s southern loop project was recently granted to the Frontier Works Organisation (FWO), Khayaban-e-Amin instantly became one of the most sought-after housing societies among investors.

There is a view in the market that the LRR will not cut through the society, but this is not true. According to my sources, the LRR will affect many blocks including L, M, N, and P. Furthermore, the LRR’s interchange will be built in Block M. After the completion of the project, the society’s management will refund or compensate affectees accordingly.

Development work

Sahir Associates, the developer of Khayaban-e-Amin, is not carrying out any development work in the society and is waiting for the LLR’s completion.

Possession status

The locality comprises many blocks. Possession, however, has only been granted for properties in Blocks A, C, D and L. According to my sources, these are the only blocks for which the Lahore Development Authority has granted approvals.N is under process so the prices of N block are rising every month.

Investment Tip:
For short and long term investment, invest in N block as its rates are continuously rising and will give good benefit to the buyers who buy at this point of time.

05/06/2017

Khayaban-e-Amin posts startling stats in June 2017

khayaban-e-amin

Khayaban-e-Amin is one of the many societies in the south of Lahore that are cashing in on the developments related to Lahore Ring Road (LLR).

If you visit the society, you will be mesmerised by how wide and smooth the main boulevard is. It’s irresistibly posh and the arched streetlights give it a completely unique look. In fact, all the areas that are visible on the front side all seem rather sellable. However, there is another side to the picture.

Despite the fact that the project was launched several years ago, the developer has not offered complete possession in most of the blocks. Furthermore, work is pending at various ends and many blocks are still awaiting the initiation of development work. Some months ago, plots for sale in Khayaban-e-Amin were so cheap that it was considered a low cost housing project.

Except for Blocks A, K and L, 100% possession is not available any of the blocks. Partial possession is available in Blocks B, C, D, M and N and few others, while development work is yet to start in Blocks A-1, Q, P and R. Since the project has reached the secondary market, many folks who own or deal in property in Khayaban-e-Amin believe that the developer is using delay tactics to put off development work.

Surprising March stats

During the past few years, Khayaban-e-Amin remained the cheapest place to buy property in the neighbourhood. The lack of investor interest in this project was due to the reasons explained earlier. However, there has been a rather startling development seen recently; in May 2017 alone, the average property rate in Khayaban-e-Amin went up by 20.66%. Even more interesting is the fact that this price appreciation has come forth without any solid reason, except for that fact that work has commenced on the LRR’s southern loop.

It is interesting to note how the LRR route has impacted various societies in different manners. For instance, recall how LRR’s route affected Bahria Town. Unlike Bahria Town, this final LLR route has breathed a new life into Khayaban-e-Amin, where the asking price of a 5-marla residential plot jumped up from PKR 2,559,207 in February to PKR 3,562,413 in May 2017. Currently Block N is in great demand as the plots can be found on ground in reasonable price from PKR 3,200,000 to PKR 3,400,000.

The story is the same for 10-marla and 1-kanal plots, which witnessed 17% and 19% price ascents respectively.

How does the future look?

Here’s what I am wondering: can the current activity convince the Khayaban-e-Amin administration to speed up development work in blocks that have been awaiting possession for the last several years? Apparently, there shouldn’t be any hurdles as the society has also been granted an NOC by the Lahore Development Authority.

Basking in the light of this sudden activity, the administration immediately increased the transfer fee for these plots from PKR 10,000 to PKR 25,000. But can this activity last? I am not very sure.

I think the current demand and price appreciation seen in Khayaban-e-Amin has given the developer a golden chance to attend to pending issues and attract more buyers. Availing this opportunity will not just earn them goodwill but also a trustworthy status among real estate developers in the southern parts of Lahore.

I personally believe that the society has great future potential, but in order to realize this dream, the management needs to pace up the development work. To those who wish to invest in this particular project, I recommend buying plots awaiting possession in Block N. Bear in mind that this is a medium-term investment.

17/05/2017

Your investment guide to Ferozepur Road

If you have been following Lahore’s real estate market trends, you will agree that Ferozepur Road is brimming with investment activity. Many new housing projects have recently been launched here and the pace of development work in existing housing societies has increased. So what’s going on? Let me tell you.
The latest trend
Investment activity along Ferozepur Road is not bound to a limited area, and property buying and selling is seen in areas as far off as Kasur. According to Lahore Development Authority (LDA)’s 2021 masterplan for Lahore, several patches of land along Ferozepur Road (essentially those that lie between Kahna and Kasur) are marked for agriculture. In other words, the LDA will perhaps not grant approval to new housing societies here; nevertheless, property spanning several acres of land is flipping hands, offering handsome per acre returns to investors – in a rather short term.
Why such robust trade activity?
The under-construction southern loop of the Lahore Ring Road (LRR) has a large part to play in the area’s rising prices. An interchange is being constructed near Gajju Matah, which will decrease the amount of commuting people will have to do by making central parts of the city more accessible.
Ferozepur Road has a better location than other road networks with big projects that can be invested in, i.e. Raiwind Road, Burki Road, Canal Bank Road, etc. . These avenues will also benefit from LRR, but they are found much further away from the city’s main arteries.
The DHA factor
DHA is currently acquiring land for Phase X through its investors. According to my sources, DHA plans to provide an access route to this phase through Phase IX. The chances of Phase X getting an entry point from Ferozepur Road are also high, which could be one of the reasons why land here has seen a sudden rise in demand.
Some valid concerns
The patch of Ferozepur Road that runs onwards from Kahna faces a dire lack of commercial activity. You might find some schools and colleges around Central Park and Grand Avenues, but the area otherwise lacks commercial attractions.
In the coming few years, some societies could change this situation by pumping some commercial action into the area. Model Housing is expected to develop a commercial area of its own, however, the society is still waiting for the LDA to issue it a no objection certificate (NOC).
While the lack of commercial activity is indeed something to keep in mind, investors should think of investing long term here. The reason is that the stretch of Ferozepur Road is seeing a lot of development, and these issues may be weeded out automatically in the coming years.
Final verdict
If you have been advised to invest in land on Ferozepur, you should seriously consider it. However, I would advise you to go by the book and buy property only in housing societies that have an LDA-issued NOC.

29/04/2017

The Pakistan’s real estate is the number one local business which has bypassed any other import or export related business in Pakistan in terms of revenue generation, considered a dead investment it fails to create much jobs.It has many times bypassed the revenue collected from custom house whose income comes from import duties and taxes.

The business was so booming that Karachi and Islamabad’s real-estate prices became equal to real estate prices not only in Dubai but also of Canada , thus this situation pulled out the genuine buyer from housing sector and only investor were able to afford purchases.

That before the new tax regime while buying a property the buyer was responsible to pay for sale transaction

i. 2% stamp duty

ii. 1% registration charges

iii. 2% capital value tax

The above said taxes were determined according to DC value issued by government of Sindh,the DC rate/value is always lower then market price , they were so low that a flat worth 30 lacs is shown as 5 lacs in papers .

Seeing this trend government of Pakistan intervened and introduced a new system of taxation for sale of real-estate only for Karachi, Lahore and Islamabad which is as under:

That the Government of Pakistan from 30th June 2016 imposed two new taxes on sale of property and those taxes were calculated not on DC rate but on market rate.

So now the buyer & seller will end up paying

i. 2% stamp duty (DC Rate)

ii. 1% registration charge (DC Rate)

iii. 2% capital value tax(DC Rate)

iv. 2% Advance income tax for Buyer (1% if tax filer) (Market Rate)

v. 2% Advance income tax for Seller (1% if tax filer)(Market Rate)

vi. Capital gain tax (Market Rate)

a.10% if the sale is made within 1 year of last sale of same property(Market Rate).

b. 7.5% if the sale is made within 2 year of last sale of same property(Market Rate)

c. 5% if the sale is made within 3 year of last sale of same property(Market Rate)

d. 0% if the sale is made after 3 year of last sale of same property

It’s quite clear that the said tax has been implemented to discourage trading of property so that precious capital can be invested in industries which would create more jobs and also stop the closure of factories which are about to go down due to lack of investments.

The difference of tax rates can be judge by the example that buyer was required to pay Rs. 1 lac in respect of different taxes and duties when buying a 500 yards plot at DHA in Karachi.

After the tax amendments the buyer is required to pay Rs. 10 lac (approx)in respect of different duties and taxes on purchase of same plot.

In the end we hope that the said changes by government bringprosperity in Pakistan by diverting capital to different industries which are bigger& better job creator also making housing affordable to all.

26/04/2017

Al Jalil garden faizpur Interchange Lahore
New booking 5 years installment plan
Total price @ 1250000
Down payment @ 325000
Monthly installment @ 15000
Contact for further details..

23/04/2017

JUBILEE TOWN
761 C 3M 60 FOT ROAD 43 LAC
330 C 3M 40 FOT ROAD FACING PARK 32-50,000
538 C 3M 29 LAC
91 F 5M 43-50,000
625 F 5M 40 LAC
530 D 7M 40 FOT ROAD
50 LAC
786 D 10M 50 FOT ROAD
60 LAC

Contact us for further details..:-)

23/04/2017

Bahria Town Lahore

1 kanal Brand New House For Sale in Ali Block
Demand=425 Lacs

1 kanal Brand New House For Sale in Shaheen Block
Demand=430 Lacs

12 Marla Brand New house For Sale in Gulmohar Block
Demand=230 Lacs

10 Marla Brand New House For Sale In Jasmine Block
Demand=195 Lacs

Inbox for further details..:-)

18/12/2016

Real Estate Market is expected to go up soon with the announcement of TAX AMNESITY Scheme.

Safari Garden Extension
Files only
5 Marla......Total Price..1300,000
Down Payment.............300,000
Monthly Installment.......20,000 (For Four Years)

Contact.....
Ahmad
03336184252

18/12/2016

JUBILEE TOWN plots available for sale..
761 C 3M 60 FOT ROAD 43 LAC
330 C 3M 40 FOT ROAD FACING PARK
538 C 3M 29 LAC
91 F 5M 43-50,000
625 F 5M 40 LAC
530 D 7M 40 FOT ROAD 50 LAC
786 D 10M 50 FOT ROAD 60 LAC

Contact:
Ahmad
Phone # 03336184252