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Can Pakistan take advantage of the current crisis?

Can Pakistan take advantage of the current crisis?
 

Pakistan’s problems seem complex, but the solution to them is not. The irrationality of Pakistan’s ruling elites is the issue.

Pakistan is in the midst of its most serious crisis since 1971. The political economy has been ripped to shreds through self-inflicted wounds, its international stature is down in the dumps, and if it were listed in the stock market, its stock would be categorized as a penny stock.

Despite the doom and gloom, it is important to know that societies that have experienced more turbulence and destruction have recovered and become influential nations in the international community.

Pakistan’s many challenges do not require rocket science or significant innovation to resolve. There have been years of irrational policies pursued across the political, economic and foreign policy domain. The solution is to change the status quo in foreign policy, economy and governance.

Punching above its weight

Foreign policy is the most important pivot that must be made. Pakistan’s elites have tried to punch above their weight in the international arena, not recognizing that Pakistan is a middle-power. The country’s elites have been led to develop and execute a foreign policy that is fundamentally at odds with the hard and soft power it possesses.

Pakistan must adopt strategic patience in foreign policy, where the country’s elites accept that they will not be able to achieve core foreign policy and strategic goals for a while. The term “hide your strength, bide your time” sums up the country’s foreign policy approach, similar to what Pakistan’s strategic ally China followed for decades. Even if it meant building closer ties with Taiwan, Chinese elites focused on building their domestic economic, technological and human capital capabilities.

Pakistan needs to adopt a pragmatic posture with India and focus on the task at hand at home. Even as it gets overtaken by a far-right Hindutva ideology, the country must make concerted efforts to normalise ties with Delhi. Trade, investment, and integration with India provide significant near-term benefits to Pakistan and while Kashmir remains a core dispute, Pakistan’s elites must recognise that they are not in a position to make headway on this issue given the decline of Pakistan’s own capabilities and

It is breaking the economic status quo.
 

Pakistan has a policy of strategic patience in foreign policy and must aggressively restructure its economy. If the economic status quo holds, patience on the foreign policy front and a slow and steady normalisation of ties with India are unlikely to yield any positives. Pakistan needs to abandon reckless and irrational economic policies if it is to survive and thrive for 75 years. It means ending the real estate casino economy, getting rid of policies that distort markets, incentivising investment in productive, export oriented sectors, and redirecting resources to benefit the many, not the few.

This process begins first and foremost by eliminating the Dar Peg, reforming the energy sector to reduce electricity costs, and running a macroeconomic framework that seeks to run balanced budgets, even at the expense of low, but sustainable levels of economic growth.

There are two other ways for the military to play a bigger role in the economy: first, we need to reverse the role of the military in the economy, overt and covert. Second, we need to stop buying so many military products and services.

The problem is that most African countries do not have the necessary skills to carry out those projects and therefore need external help.

Oil refineries built on the coast of Gwadar in Pakistan will help the country achieve self-sufficiency in petroleum products, allowing the local people to focus on other sectors of the economy.

The focus needs to be on governance.
 

Governance improvements are needed in Pakistan’s cities, towns, and villages. Systemic governance is the final pillar of redecentralisation. Pakistan’s elites have tried to centralise power and believe that a strong central government can deliver sustainable growth.

Decentralization is the most effective way to improve outcomes in terms of security, social welfare, and economic development according to evidence from around the world. Pakistan does not have a robust system of local governance where communities make decisions about their own taxes, education, and security.

Decentralization will empower local communities and create competition across the country for better delivery, and it will also create a talent pool in the political domain. In a country that recycles old faces in new parties expecting different results, such a process would bring to the forefront leaders who have experience in governance from the beginning. To most readers, the suggestions are obvious.

It is the whole point. The solution to Pakistan’s problems is quite ordinary. Pakistan’s ruling elites have sustained irrationality. Pakistan will need a miracle over the next 75 years if they ignore obvious solutions.

Reference By Dwan News

Categoriesnews Property Real Estate

What is a Property Tax in Pakistan?

What is a Property Tax in Pakistan?Property tax is the amount of money that a person has to pay to the government. The taxes are taken to help the government with their finances. Your tax money is used to pay salaries, build infrastructure, purchase goods, and many other things.

Most countries in the world use a property tax to pay for public services. A property tax is a type of tax that you pay to the government. Property taxes are used for a number of reasons. These include paying salaries, buying things for the government, building things, and paying taxes. If you have an old home or an old car, you might be required to pay a property tax. The tax is taken from you to help the government with its finances. Taxes are usually collected by your local city or county. Most people do not know what a property tax is. However, they understand that the government is taking their money to pay for things like buildings, roads, and schools.

Property tax is a big issue in Pakistan.

There are two kinds of property tax that you can pay: property tax and local tax.

Most of the time, people think that the government collects local tax. Local tax is collected only for residential properties.

Local tax is charged for every residence, building or a commercial establishment in the locality. You need to pay the tax when you move into a new place. Most of the times, people think that property tax is paid only for commercial properties.

Property tax is levied to raise revenue for the state, county, city or town. For example, if the value of your home is Rs. 100,000, the amount you need to pay in local tax is Rs. 1000. You may be required to pay the tax annually, every three years or every five years.

Categoriesnews Property Real Estate

Why pakistan real estate market is falling?

Why pakistan real estate market is falling?

Due to the less demand of the real estate properties, people have stopped investing in this market and the prices have decreased as well. Many people sold their houses or other types of properties at a lower price than normal in order to get the cash on hand as emergency funds.

People with savings can invest more in this market because of less demand and lower prices. Consumers with savings are investing more and more at low rates in order to make money in the future. Pakistan real estate markets seem to be doing well due to this investment.

Reasons:Why pakistan real estate market is falling?

There are a lot of reasons for which the real estate market is falling in Pakistan.

  • One of the major factors that are contributing to this decline is the rise in the cost of living. The inflation rate in Pakistan is quite high. It is expected to go up further in the near future. The average income of the citizens has also gone up considerably. In order to meet the high cost of living, people need to save money. This means that there is less demand for the real estate properties.
  • Another factor that is causing this decline in the real estate market is the less demand of properties. People have stopped buying the properties or have sold them at a lower price. This is mainly because of the increase in the cost of living.
  • Most consumers are keeping their money and not investing in the real estate industry. They are putting their money in other investments such as stocks, bonds, mutual funds, and others. Consumers are buying homes and apartments at a lower price than the amount they were sold at previously. Consumers are selling their houses and apartments in order to raise money to invest in other areas.

 High property taxes in pakistan

Property tax is one of the most important components of a property. If it is high, it will definitely affect the sale of the property.Property taxes in Pakistan are very high. The government of Pakistan has imposed a tax on all properties in Pakistan. This is the highest tax in the world. The total property tax in Pakistan is about Rs. 5.3 trillion.

Property tax in Pakistan

Property tax is a form of tax which is imposed on the value of a property. The purpose of the property tax is to generate revenue for the government. The property tax is charged in different forms like annual property tax, quarterly property tax and semi-annual property tax. The property tax is levied by the government to the individual and is based on the assessed value of the property. The property tax is charged at a fixed rate and the amount of tax is calculated on the basis of the assessed value of the property. The property tax is a form of property transfer tax.

Real Estate Investment in Pakistan

Many other investment opportunities are being neglected due to their volatile nature as a result of the Pakistan Real Estate Forecast 2023.

Best Real Estate Investment in Pakistan 2023

The Pakistan Real Estate Forecast 2023 tells that it is going to be a year of boom for the real estate market due to many reasons. Some of the reasons that make real estate a desirable place to invest are discussed below:

  • Unstable Prices of Gold:

Many people like to invest in gold for a variety of reasons. There is an unstable market for Gold. Its prices can go as high as 2000 dollars per ounce. Many investors have left because they think it is not the right time to invest in gold. Their investment goes into the real estate growth in Pakistan.

  • Stock Markets:

If you don’t have enough information about the shares, how to trade, or what the stock market as a whole, then you should not invest in the stock market. Decision need to be made in a few seconds whether to sell or buy more shares in the market. Many investors are not willing to take excessive risks and this is not a good investment. Many people have sold their shares in order to invest in the Pakistan real estate market.

If you are planning to invest in real estate, you must know the reasons that will attract people to invest in real estate. One reason is its stability. Many people look at real estate as a stable investment. They can get returns as long as they wait for a while.

The second reason is its low risk. If you are planning to invest in real estate, you need to understand the low risk. You can purchase real estate properties with a large amount of money. You don’t have to worry about whether you will lose your money. The only risk that you may face is the price that you pay to buy the property.

LDA starts operation against illegal housing societies.
Categoriesnews

LDA starts operation against illegal housing societies

LDA Launches Operation Against Eight Illegal Housing Societies

Eight unauthorized housing societies have been destroyed by the LDA. There was an operation against A&M homes, Palm Villas, Ehsaas Villas, Maraka marketing, and Punjab estate.

Mohalinwal Nagar, Bismillah Associates, and an illegal land subdivision near Greenview were all taken action at the same time.

Offices, roadways, boundary walls, and other buildings of the illegal housing complexes were also demolished. The public has been fleeced for over two years by the aforementioned housing societies.

Some of the officials have also stated that the housing societies keep on scamming people and reconstructing the demolished offices and structures after a few days of the operation.

Categoriesnews Real Estate

How real estate sector manages to refuel itself ?

People cannot be coerced into exporting goods, especially if the incentives lie in the passive real estate sector

KARACHI:

Real-estate is a major avenue for investment in Pakistan and, in terms of returns, has beaten almost all other asset classes. Houses have shown a compound return of almost 13% over the last 10 years, according to the House Price Index. The last two years have seen a compounded return of almost 18%.

The drivers of demand for real-estate in Pakistan are slightly different than the global drivers.

It is not realistic to think that the rising price of houses is the result of a rise in consumption. Consumption may be one of the drivers here, but it is not the most important. Why do I say something like that? In response to contractionary monetary and fiscal policies, consumption in Pakistan has started to diminish. Real-estate prices have not budged despite a noticeable dip in car sales and gasoline consumption.

Five years ago, I wrote an article in this newspaper in which I compared the real estate hub of Pakistan, Karachi, to other metropolitan cities. Pakistan’s real-estate sector seemed to have peaked in view of the traditional demand-side indicators, such as rent-to-price ratio and salary-to-rent ratio. This did not happen to me to my astonishment. The best explanation of my situation can be found in a verse from Ghalib.

“Thee khabar garm ke Ghalib ke urenge purze,

Dekhne hum bhi gae thay, par tamasha na hua”

(It was big news that pieces of Ghalib’s body were going to be taken apart,

Pakistan’s real-estate bubble never burst as predicted and I was among those waiting to watch, but the predicted circus-act never took place.

The real-estate bubble didn’t burst, but why did the Tamansha not place? In Pakistan, consumption is not the primary driver of real-estate demand.

Surplus funds parked in this sector by the more affluent classes of society are the reason for real-estate demand. It has become very difficult to take money out of the country because of the Financial Action Task Force conditions. Those popular destinations are grappling with money-laundering issues and are usually used by Pakistan to hide their financial surplus. The funds that are unable to find a way out of Pakistan have found a place in the real-estate market.

If Mr A wanted to park funds in real-state so he could purchase a plot of land from Mr B, what would Mr B do now? Will he use the money to invest in his own company or will he use it to purchase shares in his company?

No, he does not do that sort of thing. He buys another plot of land because he wants to make more profit. The chain seems to be going on for a long time.

Pakistan’s real-estate refuels itself, becoming more and more profitable for those who can afford it. Kevin Spacey said in a movie that land is a limited resource and in Pakistan, a finite amount of land is chase by an apparently infinite number of buyers. The money being offered for plots is growing by leaps and bounds, despite the fact that these buyers and sellers manage to increase their investment every few years. There isn’t a lot of supply, however. This limited supply causes the prices to go up again and again.

There is no end in sight for the boom if the economic policies stay the same. Black money can be turned into white cash by investing in property market investments. This is an important driver for real-estate as at least 40% of Pakistan’s economy is not documented, hence, huge sums of money are routed through this avenue.

So, then what’s the problem with this?

The problem with getting on this self-refuelling real-estate bandwagon is that it is diminishing the productive potential in the country. When you can double the money in a few years playing golf, why would anyone want to export goods that are critical to our economic survival?

The tax laws governing this area make it possible for real-estate barons to pay infinitely less taxes than they would in the corporate sector. This acts as an incentive in favor of the real-estate band wagon and also results in the government not being able to collect the required amount of tax.

Men are motivated by incentives. You cannot force them to export goods, especially if they are living in the passive real estate sector.

In the next few years there will be an oversupply of homes, which means there will be a fall in home prices.

Pakistan’s balance-of-payments crisis is a result of the lack of incentives offered in other lucrative, productive businesses.

Economists have developed a nudging theory that can be used to turn a situation involving a selfish individual into one where everyone is better off.

Incentives must be created to ensure that surplus capital flows through efficient businesses. You should always establish incentives for your business, especially for export.

Exports are a potential solution for Pakistan. An increase in exports would help to boost the economy, and could lead to a recovery.

Pakistan has had its ups and downs over the past few years, but it can only avoid another economic meltdown if it stops the country’s current real-estate trend.

The writer is a banker and teaches economics

Published in The Express Tribune, November 14th, 2022.

Categoriesnews Real Estate

Real Estate Has Huge Potential For Women Entrepreneurs: President FWCCI

Real Estate Sector has huge potential to adjust women entrepreneurs and they should avail this opportunity on priority basis and prove their mettle in real estate and its allied lines as developer.

This was stated by Rubina Amjad 

The President of the FWCCI was speaking to the participants of the ‘Boss Ladies expo-2022’ at the auditorium of the FCCI.

She said that the FWCCI is the pioneer in the country’s women chambers to tap this potential sector for women in real estate business, which is why the expo has first ever been organized in the region.

She said that the real estate sector has a value of US Dollar 300 to 400 billion and its contribution in the national GDP is around 5%.

Mian Muhammad Idrees, the former President of the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) spoke at the function and said that it is a new area for women where they could be encouraged and convinced to get knowledge, initiate and utilize their potential.

He said that in developed countries, women contribute a lot to economic development. FWCCI should organize such activities in order to create awareness among the female community because of the example of regional countries as Sri Lanka, Bangladesh, India, China, etc. Dr. is a practicing doctor FCCI President Khurram Tariq distributed certificates at the function. 

Engineer Babar Ikram Project Head Wapda City, Munaza Khurram, Danyal Sheikh, Haniah Javed, Sidra Hussain, Iram Riaz, Alina Kazmi, Mariam Atif, Rukhsana Kausar, Mariam Waqas, Mehvish Zara Khan and others also spoke on the occasion.

Reference:Urdu Point

Categoriesnews

Next week, the subscription for the first developmental REIT will begin.

KARACHI: 

The general public will be able to purchase shares in Pakistan’s first real estate investment trust on Dec 14 and 15 ahead of its upcoming listing on the Pakistan Stock Exchange.

The company is selling 10 per cent of Globe Residency REIT to ordinary investors for Rs10 apiece, a formal term used for shares in the case of a real estate investment trust.

Real estate investment trusts (REITs) collect money from investors and deploy it in real estate projects. The feature designed to let small investors take exposure to an otherwise capital-intensive and illiquid real estate market is what they must list on the stock exchange within three years of inception.

The project is based on a close-ended scheme which has a life of 48 months. Globe Residency is an apartment project of 1,344 residential units located on the outskirts of Karachi, and will be built with the help of proceeds.

The general public is expected to purchase 10 percent of the shares in the real estate investment trust, but the shareholders of the parent company will purchase 85 percent of the units at the same price. The remaining 5 percent will be bought by real estate consultants, according to the director of the corporation.

The CEO of the sister company that is going to launch as a real estate investment trust said that debt and equity will contribute Rs.1.4 billion each.

A higher degree of transparency is offered by REITs because trustees control all assets, unlike developers. The real estate investment trusts sector remained inactive for nearly six years after the first transaction in 2015.

There were no transactions because of changes in the tax and regulatory regimes that discouraged investors from taking part in the special investment schemes. The State Bank of Pakistan, Federal Board of Revenue and the Securities and Exchange Commission of Pakistan stepped up a gear in the last year or so, making it attractive for investors to put money into the real estate sector.

Selling and Transferring Property in Pakistan:Complete Guide
CategoriesProperty Real Estate

Selling and Transferring Property in Pakistan:Complete Guide

If you are a real estate market entrant, you might be wondering how to sell your property in Pakistan. The task, as has long been the complaint of many a property affiliate in the country, can seem like a difficult one.

The good news is that you don’t need to worry about this problem anymore. If you want to know everything you need to know about the property transfer procedure in Pakistan, this is the place for you to go.

However, before we discuss the details about transferring and selling property in Pakistan, take a moment to read through our real estate glossary to comprehend what certain terms such as ‘fard’ and ‘bayana’ mean. 

As it is understood in the country, a transfer of property is exactly what it sounds like.

WHAT DOES THE TRANSFER OF PROPERTY MEAN?

It is legal for someone to own a property when they have a title to it. In Pakistan, a transfer of property involves transferring the title of a landholding from one person to another. There are a number of ways in which this transfer can be done.

The concerns of mortgage, gift deed, lease and exchange can also be included. There can be different kinds of properties involved in the process.

Most of the time, real estate deals with properties that are not apartments. Plot files, as they work in the system, could be considered a kind of property that can be changed.

WHAT IS IMMOVABLE PROPERTY?

Imprisoned property is a type of property that cannot be moved without altering it’s nature. The object is fixed to the ground. Plots, houses, apartments, shops, and all types of built buildings or structures are included in this category.

Impoundable properties include houses, plots, apartments and other structures.

WHO CAN TRANSFER PROPERTY IN PAKISTAN?

Only someone who is able to sign a contract can, legally, transfer property ownership in Pakistan. Under Contract Act 1872, a contract is ‘a binding agreement between two parties’.

The following cannot be a party to a contract:

  1. A Minor. In Pakistan, currently, this is anyone under the age of 18.
  2. Someone who is unable to understand the consequences of his actions. This may be due to a permanent or temporary mental disability, or other similar reasons.
  3. Someone legally barred from signing a contract.

Only someone above the age of 18 who is mentally sound and not legally barred from signing a contract can transfer property in Pakistan. There are certain standards of maturity and lucidity in a contract.

THE PROCEDURE FOR TRANSFERRING AND SELLING PROPERTY IN PAKISTAN

TOKEN AND BAYANA

This is usually the first step in the process of transferring property in Pakistan. The potential buyer pays a token amount to the seller in order to indicate their willingness to purchase. There is a detailed discussion, negotiation, and a series of practical steps for buying a property following this.

The seller temporarily stops negotiating the sale of the same property with other potential buyers because of this. If the sale does not happen, the token is returned with appropriate deductions.

The bayana is usually followed by the token. The token is used for the same purpose as this instrument. It makes things slightly more official, as it usually comes with a written agreement.

Below, we’ve listed the details of the property sale agreement form in Pakistan. It  is attached with the bayana and includes:

  1. The complete details of the property
  2. The terms of sale of the property
  3. The total amount of money (in consideration of which the seller agrees to transfer)
  4. The date on which the buyer is bound to pay the remaining sum (after bayana and token)

REQUIRED DOCUMENTS FOR TRANSFERRING OR SELLING PROPERTY IN PAKISTAN

Before you can sell or transfer property in Pakistan, you need to get all your documents in order. There is a list of property documents that are needed in Pakistan for the sale and transfer of property.

  1. Recent photos of the two parties involved (buyer and seller)
  2. Copies of their National Identity Cards (NIC)
  3. The original title deed of the seller. The title deed is the document that proves the ownership of the seller.
  4. The ‘Sale deed’. This is the agreement (contract) signed between the buyer and the seller, largely considered the most important property document in Pakistan.

The transfer process may require some other documents as well, depending on the concerned property’s location:

  1. The Fard-e-Malkiat (Record of Rights), also simply known as the ‘fard’. The seller can obtain this form from the property registration office. It is a guarantee (from the said authority) that the property belongs to the seller.
  2. A Non-demand Certificate (NDC). This document shows that you don’t owe any dues on the property. Depending on the property’s location, you can get it from your local development authority office.
  3. In case you’re interested in a property located within a private housing society, you normally also require a letter from the society to affect transfers. This basically acts as a replacement for a fard document. You need it before you can execute the sale deed.

Societies generally make the transfer process a lot easier for sellers and buyers.

They often have a very detailed and organized system in place to facilitate this task.

When considering buying real estate, there are several factors that need to be taken into account. One of the factors that need to be considered when investing in DHA, Islamabad is the transfer process for the property.

You can go through the property transfer procedure in Bahria Town, if you are interested in buying a property in Bahria Town, Bahria Town Karachi, Bahria Town Lahore or Bahria Town Rawalpindi.

ACQUISITION OF STAMP PAPER AND PAYMENT OF TAXES

The contract for sale needs a stamp paper to be written. Depending on the value of the property, the value of the stamp paper will be different. As a buyer, you need to pay all due taxes to follow through with this step.

Take note of the following tax breakdown:

  • 3% Stamp Duty
  • 2% Capital Value Tax
  • 1% District Council Fee
  • Fixed registration: usually PKR 500

WRITING THE SALE DEED

If you want to draft the sale deed of the property in Pakistan, you should hire a deed writer or lawyer. The things that need to be included in a deed are something they have experience with. This can help prevent future problems between the parties.

However, it is not compulsory. The deed can be easily written down by you as well. You can find property sale agreement formats in Pakistan on the internet. The Punjab Land Record Authority has a portal that you can use to find them.

EXECUTION OF SALE DEED

You have to take the sales deed-inscribed stamp paper, along with all the other documents, to the sub-registrar’s office. This is where the parties involved in the trade-off are heard by the sub-registrar. The official approves the transaction and register the deed once they are satisfied with the proceedings.

The property is now the legal possession of the recipient.

The transfer is completed when the sale deed is registered with sub-registrar.

PROPERTY DEALER COMMISSION IN PAKISTAN

There are no laws that govern the work of real estate dealers and agents in the country. Property dealer commissions in Pakistan are a matter of custom and can be very variable. The usual practice for real estate agents is to demand 1% of the value of the property as commission for each transaction.

Each agent will keep the commission from his own client if both the buyer and seller have different agents. Sometimes agents’ fees can go as high as 2% of the property’s value.

They might be happy with a fixed amount, regardless of the property price.

FINDING THE RIGHT PROPERTY FOR YOU

If you want to buy property in Pakistan, you should know that your research can make a difference. The listings page is a good place to start, as it can help you find the right property at the right location and amenities. You can check out the property listings for different areas, projects or housing schemes and compare the prices. Take a look at any photos and videos that have been provided. If you want to discuss your options with the agents/owners of the properties listed, you can call or email them.

It is highly recommended that you visit their sites in person once you have narrowed it down to a few good choices. This step will help you figure out how good the location is and discover all the amenities nearby. It is advisable to meet up with the agents, society representatives, owner and/or neighbours while you are there.

J Heights Open House Event in Lahore
CategoriesProperty

J Heights Open House Event in Lahore

J Heights Open House Event in Lahore

Are you interested in profitable property investment opportunities? If you are interested in attending the J Heights Open House event this weekend, you are in luck, because the top real estate enterprise in Pakistan is inviting you. The project site for J Heights will be the location for the event on December 4, 2022.

It is recommended to visit 10/C, Main Raiwind Road, Nawab Town at any time between 9:00 AM and 9:00 PM on Sunday to learn more about the ultramodern vertical development and its investment prospects.

WHAT TO EXPECT AT THE UPCOMING OPEN HOUSE EVENT

The aim of the J Heights Open House event is to give investors and buyers in the city a closer look at the state-of-the-art apartment complex. You will be able to explore the inventory of the residential complex on Raiwind Road and discuss its investment scope and payment plan at the venue with the highly qualified real estate experts. You can have a one-on-one interaction with the esteemed developer of the project and gain valuable insight into its completion timeline.

Whether you are an expatriate looking for lucrative investment options or a prospective buyer looking for your next dream home, J Heights is a meticulously designed residential project commanding a prime location. One of the most popular urban developments in the suburban enclave has drawn the attention of investors due to its innovative architectural details, exceptional amenities, and highly competitive pricing schedule.

The layout of the apartment complex is designed with modern residents in mind, making it one of its biggest assets. This LDA-approved project features a thoughtfully selected inventory of luxury apartments with premium finishes and world-class fixtures.

SELECTION OF MODERN APARTMENTS

The residential development consists of exquisitely designed 1-bedroom and 2-bedroom units equipped with every modern day comfort and convenience one can imagine. Apartments in J Heights are available on an attractive payment plan to facilitate buyers from all walks of life

WORLD-CLASS AMENITIES FOR ELEVATED LIVING

The amenities at J Heights certainly set it apart from other modern buildings in the area. Some of the facilities that you should be aware of are listed.

Safe and secure environment
Round-the-clock CCTV surveillance
Smart entry system for residents
Rooftop recreational area 
Elegant prayer area
Fine dining experience 
State-of-the-art gymnasium 
Indoor sports facilities
Covered car parking area
Valet services
Housekeeping service


BEST ACCESSIBLE LOCATION IN LAHORE

It is easy to get to J Heights from all of the prominent neighbourhoods and commercial districts of Nawab Town. It also has easy access to major thoroughfares, which means that those living in this complex won’t have a problem travelling to and from other parts of the city.

To further understand its iconic placement, let’s look at the location highlights of J Heights in Lahore.
Opposite UCL and Orange Line Station
Canal Road: 2-minute drive
M2 Motorway: 2-minute drive
Lahore Ring Road: 8-minute drive
Emporium Mall: 8-minute drive


A SECURE AND LUCRATIVE INVESTMENT OPPORTUNITY 

Buying a property in J Heights could be a good decision for those looking for capital gains and a high-end living experience in one of the most highly coveted locations in Lahore. The masterfully designed features of the residential complex coupled with its real estate offerings have captured the interest of domestic and overseas buyers alike, further increasing its investment prospects.

The timely delivery of the project is ensured by the fact that almost 80% of the development work has already been completed. It has been approved by all concerned authorities and has been thoroughly checked by its official sales and marketing partner.

Categoriesnews Real Estate

The Jinnah and Iqbal sectors of LDA city have new development charges approved by LDA.

The LDA’s governing body has approved new development charges for the Jinnah and Iqbal sectors, according to the LDA’s official Facebook page.

The sixth meeting of the LDA’s governing board was chaired by the Punjab Chief Minister. The third balloting for residential plots in the Jinnah and Iqbal sectors will take place with the new pricing. In addition to other terms and conditions, the development charges are also subject to a potential rise in development expenditure.

The news report says the charges could be increased after the development work is over.

The governing body also took the following decisions:

  • Mosques are exempt from paying sewage fees.
  • Formation of a “Settlement Committee” to settle issues in LDA-managed projects.
  • The board approved an improved LDA Avenue-1 project layout plan.
  • All apartment projects in the city have to provide roof gardens and car parking facilities.
  • Schools may have maximum vertical heights of up to 48 feet, but they will not be allowed on roads that are more than 30 feet wide.  

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