Real Estate

KARACHI: Real-estate is a major avenue for investment in Pakistan and, in terms of returns, has beaten almost all asset classes. According to the House Price Index of Zameen.com, houses have exhibited a compound return of almost 13% in the last 10 years. This compounded return has reached almost 18% in the last two years. […]

LAHORE: Pakistan’s real-estate sector is equipped enough to drive the country’s economy forward as it has the highest per capita demand for housing in the world. On the demand side, the real-estate sector is the preferred investment avenue for most Pakistanis and is currently worth over $3 trillion. Additionally, according to a World Bank report, […]

LAHORE: The Hold on for Dear Life (HODL) mindset in the real-estate sector means that retail and institutional investors own more than one unutilised residential property. On purpose, they delay the sale of the property in order to benefit from the prospect of a higher sale price in the future. In Pakistan, laws are in […]

KARACHI: Pakistan has advanced its journey towards transforming the multibillion rupees’ real-estate sector into a formal sector of the domestic economy, as the government has introduced new Real Estate Investment Trust (REIT) regulations and allowed the establishment of new REIT companies. The apex regulator, Securities and Exchange Commission of Pakistan (SECP) has allowed REIT companies […]

ISLAMABAD: The Supreme Court of Pakistan on Wednesday granted interim relief against the 20% deemed income tax on real estate, which will partially dent revenue collection, as taxmen face a gigantic task of collecting Rs560 billion in one week to achieve the nine-month revenue target. Headed by Chief Justice of Pakistan Justice Umar Ata Bandial, […]

KARACHI: Agency21 International, Pakistan’s biggest estate agency, has announced the launch of their first-ever franchise, with cricket legend Wasim Akram as its owner. An agreement was signed between Akram and Agency21 International. Director Agency21 International Sharjeel A Ehmer and Akram expressed their delight and excitement for the new venture at the ribbon-cutting ceremony, which took […]

It is no secret that Pakistan’s property sector is fundamental to the economy because 70% of overseas Pakistanis channel their remittances into it and contribute USD12 billion annually. Shafiq Akbar, CEO, IMARAT Group, spoke today at Cityscape Global’s Public Private Partnership Forum. With 15+ mega projects in Pakistan across its portfolio, IMARAT is a leading […]

ISLAMABAD: The federal government has decided to audit the completion certificates submitted by builders and developers who benefited from the amnesty scheme offered for the real estate sector during the PTI’s rule. In this regard, the Federal Board of Revenue (FBR) has notified the chartered accountancy companies rated satisfactory after their quality control review by […]

  A leading developer in Pakistan’s real estate industry, Chakor Ventures introduces a novel payment model for its flagship commercial project, Citadel 7. Through the groundbreaking “60-40 Payment Model,” Chakor Ventures aims to redefine the property ownership landscape in Pakistan by offering unparalleled flexibility and accessibility. The Game Changer 60-40 Payment Model The 60-40 Payment […]

KARACHI: Pakistan Stock Exchange (PSX) has submitted tax proposals to the Ministry of Finance (MoF) and the Federal Board of Revenue (FBR) for consideration in the federal budget for fiscal year 2024-25, submitting that the government should align rates of capital gains tax (CGT) on the sale of stocks with those applicable to the sale […]