{"id":43977,"date":"2018-11-10T10:00:57","date_gmt":"2018-11-10T05:00:57","guid":{"rendered":"https:\/\/www.zameen.com\/blog\/?p=43977"},"modified":"2018-11-09T17:17:34","modified_gmt":"2018-11-09T12:17:34","slug":"need-for-formation-of-real-estate-regulatory-authority-stressed","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/need-for-formation-of-real-estate-regulatory-authority-stressed.html","title":{"rendered":"Need for Formation of real estate regulatory authority stressed"},"content":{"rendered":"<p>Karachi: Pakistan Real Estate Investment Forum (PREIF) has proposed the Government of Pakistan to form a real estate regulatory authority like the one operating in Dubai to provide security to investors, reported a news source. These recommendations were forwarded to Federal Minister Finance Asad Umar in writing.<\/p>\n<p>PREIF also recommended the government to implement the valuation tables notified by the Federal Board of Revenue in 274 cities, similar to how the DC rates have been implemented. It suggested that Pakistan\u2019s real estate sector shouldn\u2019t be operated like the stock exchange; it should instead have a real estate regulatory authority in place as this will increase investors\u2019 confidence and make the sector\u2019s revenue grow to PKR 100 billion.<\/p>\n<p>The letter also mentioned that determining real estate value isn\u2019t possible via an index as the rate depends on what buyers offer, which can be in tens of millions in some cases, or as low as a couple of hundred thousands in others.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Karachi: Pakistan Real Estate Investment Forum (PREIF) has proposed the Government of Pakistan to form a real estate regulatory authority like the one operating in Dubai to provide security to investors, reported a news source. These recommendations were forwarded to Federal Minister Finance Asad Umar in writing. PREIF also recommended the government to implement the valuation tables notified by the Federal Board of Revenue in 274 cities, similar to how the DC rates have been implemented. It suggested that Pakistan\u2019s real estate sector shouldn\u2019t be operated like the stock exchange; it should instead have a real estate regulatory authority in place as this will increase investors\u2019 confidence and make the sector\u2019s revenue grow to PKR 100 billion. The letter also mentioned that determining real estate value isn\u2019t possible via an index as the rate depends on what buyers offer, which can be in tens of millions in some cases, or as low as a couple of hundred thousands in others.<\/p>\n","protected":false},"author":18,"featured_media":43978,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[],"tags":[8843],"persona":[],"class_list":["post-43977","post","type-post","status-publish","format-standard","has-post-thumbnail","tag-details-on-preif-demanding-formation-of-real-estate-regulatory-in-pakistan"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.7 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Need for Formation of real estate regulatory authority stressed - Zameen News<\/title>\n<meta name=\"description\" content=\"Karachi: Pakistan Real Estate Investment Forum (PREIF) has proposed the Government of Pakistan to form a real estate regulatory authority like the one\" \/>\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\/need-for-formation-of-real-estate-regulatory-authority-stressed.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Need for Formation of real estate regulatory authority stressed - Zameen News\" \/>\n<meta property=\"og:description\" content=\"Karachi: Pakistan Real Estate Investment Forum (PREIF) has proposed the Government of Pakistan to form a real estate regulatory authority like the one\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/need-for-formation-of-real-estate-regulatory-authority-stressed.html\" \/>\n<meta property=\"og:site_name\" content=\"Pakistan Real Estate News &amp; 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