What to Do To Avoid Property Loss
After buying a plot you have cash in Pakistan then you will be able to build a house. Your money is in the property you own. If the plot becomes expensive then the property owner will need to sell it. Now some people are there, whatever is there, they are not so courageous that they If you sell your plot at a loss then how much will you have to hold to break even or make a profit How much more holding period will be required from the point of view of the plots.
Property Investment Nowadays
In the past, people used to invest in plots, buildings, etc., this time vertical building started during the time of Imran Khan. Because of that, it became common in two to three years, so first people invested in plots only. Those who used to buy the plot, are investing in an apartment purchase. The matter is that there were two types of buyers of the property One is the end user who wants to build a house and the other is that they are less and less qualified. If you have cash in Pakistan then you will be able to build a house. If you need a return investment of Rs 5 crore then you will be able to build a house. Most of the people who used to invest in plots used to invest with the purpose of the apartments.
Why People Prefer to Buy Apartments
Electricity is expensive, people do not know how to do buy a house. People are not comfortable in business, Pakistan is not a business-friendly country, unfortunately. Due to this, people used to invest whatever they had in the safest investment plot, now whereas the end-user was there. Now due to inflation, homebuyers’ back is broken, and their budget has also been reduced. So, the option of the apartment has become available and all the things are mixed, and on top of that, the situation in the country is like this. Companies are bringing ready-made plots to the market. So, people will buy apartments for sale.
Final Recommendation and Advice.
If today you buy a 10-Marla plot in Bahria Town Lahore and get it registered in your name, there is a tax of Rs. 1.5 lakh. So, whoever sells it has to pay a tax of Rs. 1.25 lakh, then all these things have become more dangerous for the work of the plots. This has happened due to the high cost of building materials. Therefore, the plots are going to come soon if there is no sustained demand for the plots. So, it is better to take the exact amount and invest your money in such a place from where you can get some rental income or if it can grow tomorrow. Apartment investment will be a better option. After that you can invest the money in a new place and from there they will gain profit on genuine things. Therefore, from there you will recover and take your capital back to the next level.
For more property investment information visit nexthome.pk or dial 0304-111-0309.