Advertise
Search Options
Search
Start New Discussion 
Ask Now
Prop Guide

Property Guru
7340 posts
24 best
Nadeem Ahmed

Property Guru
4777 posts
18 best
Falcon

Property Guru
4699 posts
6 best
Pakistani-1

Property Guru
3031 posts
26 best
Nasir

Property Guru
2515 posts
21 best
Abdul Qayyum

Property Guru
2058 posts
4 best
Sayeein

Property Guru
1868 posts
0 best
Sheikh Abdul

Property Guru
1753 posts
16 best
Khalid Javai

Property Guru
1729 posts
0 best
Baber Rabban

Property Guru
1716 posts
16 best
Isloo

Property Guru
1529 posts
3 best
Syed Ibrhaim

Expert Authority
1439 posts
17 best
Dsa

Expert Authority
1438 posts
2 best
Imtiaz

Expert Authority
1286 posts
7 best
Arshad

Expert Authority
1189 posts
1 best
Pardesi

Expert Authority
1172 posts
8 best
Mbs

Expert Authority
1157 posts
13 best
Ht

Expert Authority
1115 posts
9 best
Irfan

Expert Authority
1112 posts
8 best
Real Estate

Expert Authority
1052 posts
3 best
Become an expert on the forum, check Forum Ranks.
Investors Advice discussions and advice. Participate in ongoing dicussions and get invaluable Investors Advice advice from people who are experts in their industries or start a new Investors Advice discussion.
Hamad Raza
( 17 posts )

[175 Replies]
What are the comments of experts on the statement of chairman fbr. "property prices soon will come down!"

    93 days ago In Investors Advice
    Post Answer
    YC
    (433 posts)
    I think it will depend



    Solid lands/plots which attracted end users will appreciate imo because of the the drop in pkr value
      93 days ago 

      Sohail Khan
      (182 posts)
      FBR chairman is behind collecting tax or dropping property prices ?
        93 days ago 

        Ali Nouman
        (24 posts)
        If property prices goes down it will also hurt our economy.
          93 days ago 

          Imtiaz
          (1281 posts)
          When FBR chairman will tell & demonstrate incentive driven tax collection:

          - Tax payers & Market will respond psoitively.

          When FBR chairman will threat & demonstrate threat-driven collection with no or least incentive:

          - Tax payers & Market will respond negatively.

          Min. 17% taxes for filer is already there in property-driven transactions.

          ** Will try to share the property valuation list compiled by the FBR to show the blunder yet again where an underdeveloped RDA society named FOECHS is valued at 885000/Marla that is priced more then many CDA sectors. In that society a developed plot will be in range of less then 20 lac for 5 Marla.

          Whom to trust...? This is where the Tax guy with his blunders becomes responsible for Dropping Market!

          Last time these guys said we will hang those who will avail amnesty money whitening. Results is here no one bothers about Amnesty now! Blunders do impact the economy!
          -------
          PS: Filer & Non-filer is not a prime example of incentive vs threat. It's state welfare against collected tax. The day tax payer's life/honor/needs etc. will be honored there will be long queues to pay, outside FBR office.

          Till the common man keeps subsidizing the elite, FBR will have no other option but to try to collect by hook or by crook and people will go to last Mile to protect their money that is used to support the elite. Example: Zakat, Charity, Donations amount is also being used to buy protocol vehicles, home furnitures and foreign trips of the official in Ministry of Religious Affairs!
            93 days ago 

            JDM
            (730 posts)
            ...

            Indeed it is a step in the right direction

            Chairman is right. When the crackdown start by July 1, there will be more sellers in market than buyers and as result prices will collapse for sure. Dealers/investors can't absorb all sales to hold the market at same levels.

            All-in-all it is a great news for economy.

            Small and large businesses will be able to grow and expand.

            Regular citizens will be able to build homes for their families which will improve social fabric of the society.

            Even all those who can't buy will see lower rents of shops and houses as the result of such decline in prices.


            Pakistan cannot grow by having such high prices where our major cities real estate is way more expensive than a well developed city like Istanbul.

              93 days ago 

              Imtiaz
              (1281 posts)
              Someone tell the FBR that blunders on TV could be covered but getting it implemented and publicly available doesn't.

              Check the list: Valuation of Immovable Asset - Value per sq. yard

              For example, (from very first page, not even bothering to go further)

              Residential:
              I-10: 19200 PKR
              I-14: 18000 PKR

              Just check market value and differential between the two. If difference between the two above in per sq. yard is just 1200, will be all in to endorse FBR despite their blunders!

              First a crack down is needed in house before going any further!

              ------
              https://www.fbr.gov.pk/valuation-of-immovable-properties/51147/131220
                92 days ago 

                Isloo1
                (569 posts)
                @JDM

                Real estate is the sector where govt doesn't spend a penny, doesn't subsidize a dime, yet it generates major economic activity, is a source of foreign remittance and direct investment. Creates millions of jobs, drives construction industry and runs support services. This is all done with investors' money. Genuine house owners do not have enough steam to get it going at that scale. You remove the investors and the industry will die. Investor, "Jo mai bhi hoon aur tum bhi ho" (Faiz).

                Chairman FBR is right, the recent measures will completely strangulate this industry that was already gasping the final breaths.

                Phir, hum tum hon gey, baadal ho ga.

                  91 days ago 

                  Abdul Qayyum
                  (2029 posts)
                  "First a crack down is needed in house before going any further!"

                  Good to see some solutions to the govt.This is very Imtiaz.
                  I know and can prove that any Pak discussion forum having good members and talk shows are being read by Imran team.
                  Good solutions to govt blunders/mistakes might catch govt attention!
                  This is as good as pointing fingers to mistakes.
                    91 days ago 

                    YC
                    (433 posts)
                    AQ sb, on Imran team and a hope expressed by you that good points get picked up and reach Imran khan thingy, all I can say is I wish I was as positive as you :)
                      91 days ago 

                      Abdul Qayyum
                      (2029 posts)
                      YC sb
                      I know even if our voices reach up to the people around Imran, there is less hope that Imran ears will get them as He is a very busy person and cannot read all on social media.
                      But is it a healthy idea that keep beating the keyboard morning to evening spreading only negativity?
                      Pointing figure is easiest job one could think of but it takes bravery, mental exercise, positive thinking to come around the problems!
                      Our country is in turmoil, we all aware of it but does it cost too much or money to present solutions of problems, no matter it is being noticed or not.
                      At least 1000s will read it. God knows positivity may speak up positive to someone somewhere!
                      I remember years before, I posted at Lahore real estate about live electrical JBs in DHA-2 and forgot but to my surprise an officer came to our house to solve the problem.
                      If you suggest someone good and someone succeeds, you did a " Sadqa e Jaria" and you will keep getting " Sawab" more and more if that help or suggestion/advice of yours keeps the benefits cascading further.
                      Even giving a smile to someone who needs it, you earned Sadqa Jaria, sir.
                      Being negative not bad as zameen friends are telling true stories but beating brain cells a bit more towards solutions, parallel to it, does not hurt much or cost much!
                        91 days ago 

                        Post Answer (175 Replies)
                        1 2 3 4 5 6 7 8 9 10 11 > >>
                        Post Reply
                         
                        Username:
                        Password:
                        Email Basket (0)
                        SEND EMAIL   REMOVE ALL