{"id":1134,"date":"2013-06-14T07:08:01","date_gmt":"2013-06-14T07:08:01","guid":{"rendered":"http:\/\/www.zameen.com\/blog\/?p=1134"},"modified":"2017-12-11T12:33:03","modified_gmt":"2017-12-11T07:33:03","slug":"effects-of-budget-2013-14-on-property-market","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html","title":{"rendered":"Effects of Budget 2013-14 on property market"},"content":{"rendered":"<p style=\"text-align: left;\"><a href=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/tax3.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-full wp-image-1137 aligncenter\" alt=\"tax\" src=\"http:\/\/www.zameen.com\/blog\/wp-content\/uploads\/tax3.jpg\" width=\"259\" height=\"176\" \/><\/a>The heated debate on Budget 2013-14 is on. The economists believe that this budget will bring along a storm of inflation and will affect the common man in dozens of ways. Some others however give the government credit on presenting the budget just on time and apparently doing so much with nothing left in Government\u2019s treasury. At Zameen.com\u2019s headquarter, we are analyzing the possible effects of budget 2013-14 on Pakistan real estate sector.<\/p>\n<p>The increased tax on building material will certainly make it even harder for the 8 million plus homeless people in Pakistan to build or buy a house of their own any time soon. This will also increase the cost of finished units to a considerable extent and will directly affect the real estate sector of Pakistan. Because of increased taxes and higher cost of construction, the developers of residential and commercial units might get enticed to bring their construction quality down to meet people\u2019s buying power.<\/p>\n<p>With 0.5% increased tax on property transfer, along with \u201cother expenses\u201d the property buyer will now have to pay higher sums for property transfer as well. It was also proposed to the FBR to impose tax of Rs. 50 per square feet on the under construction commercial property and Rs. 100 per square feet on the developed one. In addition to that, if the same tax is imposed on the residential property units, the owner of 1-kanal house would be required to pay tax of more than Rs. 200,000. The tax ratio will be the same for constructing a 10-marla double storey house.<\/p>\n<p>The proposed pointers of this budget will harm the construction sector in Pakistan and also hamper the growth of the real estate sector. With more <a title=\"property taxes announced in Budget 2013-14\" href=\"http:\/\/www.zameen.com\/Property_News\/pakistan_property_news\/more_property_taxes_announced_in_th-892.html\" target=\"_blank\">property taxes announced in Budget 2013-14<\/a>, the investors and agents might have to deal with the prevailing and possible problems more aggressively.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The heated debate on Budget 2013-14 is on. The economists believe that this budget will bring along a storm of inflation and will affect the common man in dozens of ways. Some others however give the government credit on presenting the budget just on time and apparently doing so much with nothing left in Government\u2019s treasury. At Zameen.com\u2019s headquarter, we are analyzing the possible effects of budget 2013-14 on Pakistan real estate sector. The increased tax on building material will certainly make it even harder for the 8 million plus homeless people in Pakistan to build or buy a house of their own any time soon. This will also increase the cost of finished units to a considerable extent and will directly affect the real estate sector of Pakistan. Because of increased taxes and higher cost of construction, the developers of residential and commercial units might get enticed to bring their construction quality down to meet people\u2019s buying power. With 0.5% increased tax on property transfer, along with \u201cother expenses\u201d the property buyer will now have to pay higher sums for property transfer as well. It was also proposed to the FBR to impose tax of Rs. 50 per square&hellip;<\/p>\n","protected":false},"author":6,"featured_media":1135,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[],"persona":[],"class_list":["post-1134","post","type-post","status-publish","format-standard","has-post-thumbnail"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Effects of Budget 2013-14 on property market - Zameen News<\/title>\n<meta name=\"description\" content=\"The heated debate on Budget 2013-14 is on. The economists believe that this budget will bring along a storm of inflation and will affect the common man in\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Effects of Budget 2013-14 on property market - Zameen News\" \/>\n<meta property=\"og:description\" content=\"The heated debate on Budget 2013-14 is on. The economists believe that this budget will bring along a storm of inflation and will affect the common man in\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/ZameenPK\" \/>\n<meta property=\"article:author\" content=\"atif_zameen_dev\" \/>\n<meta property=\"article:published_time\" content=\"2013-06-14T07:08:01+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2017-12-11T07:33:03+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/tax2.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"259\" \/>\n\t<meta property=\"og:image:height\" content=\"194\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Zeeshan Khan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:site\" content=\"@ZameenProperty\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Zeeshan Khan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Effects of Budget 2013-14 on property market - Zameen News","description":"The heated debate on Budget 2013-14 is on. The economists believe that this budget will bring along a storm of inflation and will affect the common man in","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html","og_locale":"en_US","og_type":"article","og_title":"Effects of Budget 2013-14 on property market - Zameen News","og_description":"The heated debate on Budget 2013-14 is on. The economists believe that this budget will bring along a storm of inflation and will affect the common man in","og_url":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html","og_site_name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","article_publisher":"https:\/\/www.facebook.com\/ZameenPK","article_author":"atif_zameen_dev","article_published_time":"2013-06-14T07:08:01+00:00","article_modified_time":"2017-12-11T07:33:03+00:00","og_image":[{"width":259,"height":194,"url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/tax2.jpg","type":"image\/jpeg"}],"author":"Zeeshan Khan","twitter_card":"summary_large_image","twitter_creator":"@ZameenProperty","twitter_site":"@ZameenProperty","twitter_misc":{"Written by":"Zeeshan Khan","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"NewsArticle","@id":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html#article","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html"},"author":{"name":"Zeeshan Khan","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/2e3c56c42d08af849d55e4c8f2f8ba0f"},"headline":"Effects of Budget 2013-14 on property market","datePublished":"2013-06-14T07:08:01+00:00","dateModified":"2017-12-11T07:33:03+00:00","mainEntityOfPage":{"@id":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html"},"wordCount":315,"commentCount":2,"publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"image":{"@id":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/tax2.jpg","inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html","url":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html","name":"Effects of Budget 2013-14 on property market - Zameen News","isPartOf":{"@id":"https:\/\/www.zameen.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html#primaryimage"},"image":{"@id":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html#primaryimage"},"thumbnailUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/tax2.jpg","datePublished":"2013-06-14T07:08:01+00:00","dateModified":"2017-12-11T07:33:03+00:00","description":"The heated debate on Budget 2013-14 is on. The economists believe that this budget will bring along a storm of inflation and will affect the common man in","breadcrumb":{"@id":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html#primaryimage","url":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/tax2.jpg","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/tax2.jpg","width":259,"height":194},{"@type":"BreadcrumbList","@id":"https:\/\/www.zameen.com\/news\/effects-of-budget-2013-14-on-property-market.html#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.zameen.com\/news"},{"@type":"ListItem","position":2,"name":"Effects of Budget 2013-14 on property market"}]},{"@type":"WebSite","@id":"https:\/\/www.zameen.com\/news\/#website","url":"https:\/\/www.zameen.com\/news\/","name":"Pakistan Real Estate News &amp; Pakistan Property News &amp; Latest Updates - Zameen News","description":"","publisher":{"@id":"https:\/\/www.zameen.com\/news\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.zameen.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Organization","@id":"https:\/\/www.zameen.com\/news\/#organization","name":"Zameen.com","alternateName":"Zameen","url":"https:\/\/www.zameen.com\/news\/","logo":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/","url":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","contentUrl":"https:\/\/news-cdn.zameen.com\/wp-content\/upload\/2015\/09\/Zameen.com_-_Logo.png","width":600,"height":300,"caption":"Zameen.com"},"image":{"@id":"https:\/\/www.zameen.com\/news\/#\/schema\/logo\/image\/"},"sameAs":["https:\/\/www.facebook.com\/ZameenPK","https:\/\/x.com\/ZameenProperty","https:\/\/www.instagram.com\/zameenpk\/"]},{"@type":"Person","@id":"https:\/\/www.zameen.com\/news\/#\/schema\/person\/2e3c56c42d08af849d55e4c8f2f8ba0f","name":"Zeeshan Khan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/115fc9ffe8acc290938563db97c22540d0497bcd5ae835e213fc94d7f9720588?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/115fc9ffe8acc290938563db97c22540d0497bcd5ae835e213fc94d7f9720588?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/115fc9ffe8acc290938563db97c22540d0497bcd5ae835e213fc94d7f9720588?s=96&d=mm&r=g","caption":"Zeeshan Khan"},"description":"Zeeshan is the CEO at Zameen.com. You can also find and follow him on Google+.","sameAs":["http:\/\/www.zameen.com","atif_zameen_dev"],"url":"https:\/\/www.zameen.com\/news\/author\/zeeshan"}]}},"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/1134","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/comments?post=1134"}],"version-history":[{"count":8,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/1134\/revisions"}],"predecessor-version":[{"id":30465,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/posts\/1134\/revisions\/30465"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media\/1135"}],"wp:attachment":[{"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/media?parent=1134"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/categories?post=1134"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/tags?post=1134"},{"taxonomy":"persona","embeddable":true,"href":"https:\/\/www.zameen.com\/news\/wp-json\/wp\/v2\/persona?post=1134"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}