{"id":67925,"date":"2020-07-13T15:22:00","date_gmt":"2020-07-13T10:22:00","guid":{"rendered":"https:\/\/www.zameen.com\/news\/?p=67925"},"modified":"2020-07-13T18:23:00","modified_gmt":"2020-07-13T13:23:00","slug":"realtors-demand-establishment-rera","status":"publish","type":"post","link":"https:\/\/www.zameen.com\/news\/realtors-demand-establishment-rera.html","title":{"rendered":"Realtors demand establishment of Real Estate Regulatory Authority"},"content":{"rendered":"\n<p>Lahore: A delegation of realtors, while speaking to the media on Sunday, demanded that the government should make the proposed Real Estate Regulatory Authority (RERA) functional and give the status of industry to the real estate sector \u2014 a news source reported. In addition, they also hoped for rationalisation in taxes for the property sector.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/govt-approves-rera-formation.html\" target=\"_blank\" rel=\"noreferrer noopener\">Govt approves RERA formation<\/a><\/p>\n\n\n\n<p>The realtors\u2019 group expressed their hope that the incentives announced by the government would help bring activity back to the property market. They also highlighted that work on making the RERA operational had been going on for about 10 years, but it had not been finalized yet.<\/p>\n\n\n\n<p>The delegation further stated that while tax reductions had been announced at the federal level, the provincial taxes in Punjab were still really high on some property transactions.<\/p>\n\n\n\n<p>Read: <a href=\"https:\/\/www.zameen.com\/news\/senate-passes-bill-rera-islamabad.html\" target=\"_blank\" rel=\"noreferrer noopener\">Senate passes bill for setting up RERA Islamabad<\/a><\/p>\n\n\n\n<p>They added that since one of the major contributors to the country\u2019s real estate sector were overseas Pakistanis, the government should announce special incentive packages in order to encourage them to invest in the sector. This will not only bring in remittances, but also increase activity in the sector.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Lahore: A delegation of realtors, while speaking to the media on Sunday, demanded that the government should make the proposed Real Estate Regulatory Authority (RERA) functional and give the status of industry to the real estate sector \u2014 a news source reported. In addition, they also hoped for rationalisation in taxes for the property sector. Read: Govt approves RERA formation The realtors\u2019 group expressed their hope that the incentives announced by the government would help bring activity back to the property market. They also highlighted that work on making the RERA operational had been going on for about 10 years, but it had not been finalized yet. The delegation further stated that while tax reductions had been announced at the federal level, the provincial taxes in Punjab were still really high on some property transactions. Read: Senate passes bill for setting up RERA Islamabad They added that since one of the major contributors to the country\u2019s real estate sector were overseas Pakistanis, the government should announce special incentive packages in order to encourage them to invest in the sector. This will not only bring in remittances, but also increase activity in the sector.<\/p>\n","protected":false},"author":57,"featured_media":50103,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[15018],"tags":[34524,34523],"persona":[],"class_list":{"0":"post-67925","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-opinion","8":"tag-industry-status-for-real-estate","9":"tag-real-estate-regulatory-authority-rera","10":"cat-15018-id"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Realtors demand establishment of RERA - Zameen News<\/title>\n<meta name=\"description\" content=\"A delegation of realtors, while speaking to the media on Sunday, demanded that the government should make the proposed Real Estate Regulatory Authority (RERA) functional and give the status of industry to the real estate sector \u2014 a news source reported.\" \/>\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\/realtors-demand-establishment-rera.html\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Realtors demand establishment of RERA - Zameen News\" \/>\n<meta property=\"og:description\" content=\"A delegation of realtors, while speaking to the media on Sunday, demanded that the government should make the proposed Real Estate Regulatory Authority (RERA) functional and give the status of industry to the real estate sector \u2014 a news source reported.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.zameen.com\/news\/realtors-demand-establishment-rera.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:published_time\" content=\"2020-07-13T10:22:00+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-07-13T13:23:00+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/news-cdn.zameen.com\/wp-content\/uploads\/2019\/03\/real_estate_investme_a5Zs4.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"600\" \/>\n\t<meta property=\"og:image:height\" content=\"350\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Muhammad Farhad\" \/>\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=\"Muhammad Farhad\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Realtors demand establishment of RERA - Zameen News","description":"A delegation of realtors, while speaking to the media on Sunday, demanded that the government should make the proposed Real Estate Regulatory Authority (RERA) functional and give the status of industry to the real estate sector \u2014 a news source reported.","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\/realtors-demand-establishment-rera.html","og_locale":"en_US","og_type":"article","og_title":"Realtors demand establishment of RERA - Zameen News","og_description":"A delegation of realtors, while speaking to the media on Sunday, demanded that the government should make the proposed Real Estate Regulatory Authority (RERA) functional and give the status of industry to the real estate sector \u2014 a news source reported.","og_url":"https:\/\/www.zameen.com\/news\/realtors-demand-establishment-rera.html","og_site_name":"Pakistan Real Estate News &amp; 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