Dear experts,
Will there be any positive or negative impact of the budget 2014-2015 (announced today) on real estate of Pakistan? Will the budget help revive the real estate market in Pakistan which has been slow for the last few months?
Anything that we should watch out for if we plan to buy plots in the next few weeks/months?
Would appreciate your expert opinion.
Thanks
The Avenue of REAL ESTATE that is Construction will face heavy taxes on Cement,Paint,Marble, fittings etc. The construction cost will be more now as compare to Pre - Budget.
I see positive result as no new taxes levied on real estate sector.
What about the 1% advance income tax on NTN Holders and 2 % on Non NTN Holders for property transactions above 20 Lac…
Well, things are not clear as yet.
Their will be taxes on any deal more than 20 lacs and many more things, they will get clear with time, wait for exact details.