FBR Amnesty Scheme on Buying Properties without Disclosing Investment Sources to Expire Soon

The amnesty scheme for the construction industry, which permitted investors to invest in FBR-registered real estate projects without revealing their investment sources, will come to a close on March 31, 2023, as announced by the Federal Board of Revenue (FBR). The scheme has been instrumental in generating record-breaking revenue for the national economy, with billions of rupees in construction industry transactions. Despite its success, no extension of the scheme has been announced.

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New Upcoming Housing Societies! Which one is best for investment?

Population leads to increase the housing arrangements in Pakistan. Rapid urbanization saturation is the major challenge Pakistan real estate sector is catering to. Especially, Lahore and Rawalpindi-Islamabad are the key cities for the property development to launch so many residential societies both for investment and residence. So, the investors often get confused by New Upcoming Housing Societies! Which one is best for investment? Nexthome.pk based on our analysis thanks to our property database can help you understand which societies you should invest. The investment can lead you to gain a high profits and returns on investment. Many homebuyers and investors require this information for where they should invest to earn a higher ROI.

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NESPAK Commences Multilevel Grade Separation at Shahdara Flyovers Project

The Shahdara flyover project is a major infrastructure project aimed at easing traffic congestion in Lahore, particularly in the Shahdara area. The project involves the construction of several flyovers and underpasses to provide smoother traffic flow and reduce travel time for commuters. The National Engineering Services of Pakistan (NESPAK) Commences Multilevel Grade Separation at Shahdara Flyovers Project. For thus, girders and foundation laying down preparations are being developed by the construction engineering firm.

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Mega Projects Worth 4 Billion Approved By PDWP

After a long halt on development activities in the Punjab province, thankfully the government of the Punjab has finally realised the need to boost development projects across the province. For this, government of the Punjab in collaboration with PDWP announces the good news of Mega Projects Worth 4 Billion Approved By PDWP. This will escalate real estate transactions and Apartments projects in Pakistan. Nexthome.pk puts concentration on the potential and timeline of the Mega development projects in the largest province of the country. Read more “Mega Projects Worth 4 Billion Approved By PDWP”

T And T ECHS Housing Society Transfer Fee And Possession Charges

Recently developed housing society in Islamabad, T and T ECHS residential project has added an aesthetic addition to ICT Landscape. The dedicated housing project has enabled the modern infrastructure to give an aura of modern living standards. Our Online Property Portal Nexthome.pk has studied the project and after several requests, we have scrutinized T And T ECHS Housing Society Transfer Fee And Possession Charges. Here we go to give you concise details of all the charges and payable concerns to get the unmovable property Transfer and registration.

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Kalma Chowk Underpass expected Opening Date: Punjab Central Business District Development Authority (PCBDDA)

The Punjab Central Business District Development Authority (PCBDDA) in Lahore is making efforts. To ensure that the roads surrounding Kalma Chowk are accessible for traffic. Kalma Chowk Underpass is anticipated to open at some point. According to the CEO of PCBDDA, the Punjab Boulevard project in the Central Business District is proceeding successfully, with two of its portions expected to be finished soon. Excavating work for a storage tank is currently taking place, and the underpass roof has already been cemented. In order to improve traffic flow and provide access to the recently built creative downtown, this remodelling project includes two underpasses and an overhead bridge.

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Turkey, Saudi Arabia to establish warehouses in Gwadar Free Zone

Gwadar has gained significant importance in recent years due to its strategic location at the crossroads of Central Asia, South Asia, and the Middle East, making it a potential trade hub for the region. That’s why both Turkey and Saudi Arabia are interested to establish warehouses in Gwadar Free Zone. While China has already established garment and other small sector factories. This will usher the city towards a shining horizon.

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SC Grants Interim Relief For Deemed Income Tax on Real Estate Properties

On Wednesday March 22, 2023, Pakistan’s Supreme Court granted temporary relief against a 20 percent property income tax, which would partially reduce revenue collection, as tax officials have nine months to meet the revenue target. A week before the target was to achieve by the FBR. However, Supreme Court of Pakistan puts restrictions on the Income Tax on Real Estate Properties to give time.

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Top Five Localities for Buying an Apartment in Rawalpindi

Rawalpindi is one of rapidly growing cities in Pakistan. Federal government employees and business persons from other parts of the country consider Rawalpindi comparatively affordable than Islamabad Capital Territory (ICT). So, housing potential in this city is increasing. Rawalpindi has a number of areas that are suitable for buying apartments. Here we bring Top Five Localities for Buying an Apartment in Rawalpindi. Our online property portal has enabled us to list these five areas in Rawalpindi to purchase or rent a flat.

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Khatam Un Nabiyeen (SAW) University in Lahore

Punjab Chief Minister Chaudhry Parvez Elahi while speaking at the inauguration ceremony of Pakistan’s first Khatam-ul-Nabiyeen University in Lahore and laying the foundation stone of Khatam-ul-Nabiyeen and Jamia Masjid. A hostel will also be built in Khatam-ul-Nabiyeen University. Chaudhry Parvaiz Elahi has done many religious and welfare works as the Chief Minister of Punjab. Elevation of religion and public welfare is their motto. The establishment of Khatam-ul-Nabiyeen University is also a link in this chain.

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