Rupee loses 178 paisa against USD in one day
KARACHI (July 08 2008): On Monday, Pak rupee lost 178 paisa or nearly 2.5 percent against US dollar by the closing of day's second trading session on interbank foreign exchange market. Since July 02, the Pak rupee currency has lost 5.5 percent to hit a new all-time low of Rs 71.92 against one dollar. Last fiscal year's closing of rupee was Rs 68.3970 against one dollar.
The absence of State Bank of Pakistan from the interbank Foreign Exchange market clearly points towards a strong greenback demand with weak inflows. On the first day of the week, interbank opened at Rs 71.15 to a dollar on bleak political and economic outlook. By afternoon 13:30 hours, the rupee had weakened to Rs 70.95-71.00 buy/sell to a dollar.
Since the start of the month the central bank has injected $150 million in the market to satisfy pent-up demand for the greenback. The demand for dollar emerged soon after lifting of 35% cash reserve imposed on certain goods by the SBP through interim measures the central bank had taken in the last week of May 2008.
Rising oil prices in the international market, shortage of essential food items due to poor agriculture growth and low FDIs are some of the major factors putting immense pressure on exchange rate. Unfortunately, however, our exports numbers are not sufficient to provide the required support. The oil bill has already reached an alarming level and at current price, $1.6 billion are required to meet the monthly oil bill.
Monday's demand was mainly caused by oil payment, capital import payment by some telecom and gas distribution companies and remittance by corporates in power and fertiliser sector. Estimated amount ranges around $100-125 million.
Last week, Sate Bank of Pakistan invited Treasury heads of eight leading banks of the country. The central bank warned them against unnecessary interbank FX activity. Banks were told not to quote wide prices to arrest volatility, as a twenty-pip Rs/Dlr quote means that if the offered side was hit then the next quote is up by another twenty paisa, ie if the price is quoted 69.50-70, then next offered price would certainly be above 69.70, possibly 69.70-90, for a two-way quote.
Banks throughout the day were scurrying to cover the underlying import demand. Importers were ready to pay premium for forward purchases: 60 paisas for one month; Rs 1.25 per two months; Rs 2.05 for three months; Rs 2.80 for four months; Rs 3.43 for five months; Rs 4.00 for six months; and Rs 7.50 to 8.00 for 12 months to dollar.
As a result, banks were buying dollars on ready market and placing them in their NOSTRO account. The State Bank did intervene, but sensing strong demand from jittery importers soon pulled back and allowed the market value to prevail. As a result, in late afternoon, trading Pak rupee went on a steep downward slope to hit the low of Rs 71.95 to a dollar on tomorrow (Tuesday) value.
The SBP asked banks to utilise its Foreign Exchange Exposure Limit (FEEL), which is USD 320 Million. This means that 36 banks are authorised to expose itself by either carrying a long dollar positions or a short dollar position, with a market limit of USD 320 million. Historically, in Pakistan, banks never sit on short dollar positions as rupee has a long history of weaknesses due to current account deficit and negative balance of payment.
Between 1948 and 1954, one dollar could be obtained for Rs 3.3085. Until December 1971, one USD was equivalent to Rs 4.7679. In 1981, one dollar would fetch Rs 9.90. By the end of 1991, a dollar was worth Rs 24.20. On December 31, 1995 one dollar was equivalent to Rs 31.20, in 1998, a dollar was for Rs 46.10. In 2000, a dollar would fetch Rs 58 and in 2001 60.55.
In 2002, rupee gained some strength to close the year at 58.41 and it remained stable until December 2007 and during this 5-year period it lost only 5 percent of its value against the US dollar to close 61.21. On January 02, 2008 one USD was worth 61.85 and as of now rupee has lost 16 percent of its value against the US dollar to close at 71.92.
There were two views on the market with regard to SBP exchange rate policy. Some forex experts believe SBP should not allow the base rate to go up so sharply in one day. "Once an L/C is opened, it is then a customer's liability and also the bank as well as of SBP's.
Therefore, SBP can buy ready dollars from banks lying in then NOSTRO accounts, and then sell the same in forward back to the bank to smoothen the volatility prevailing on the interbank market," they emphasise.
While others feel that SBP should recognise the ground reality and put the brakes on non-essential imports, making them prohibitively expensive by allowing the overnight rates to shoot up. And also, raise interest rates substantially to attract rupee deposits in order to curb the outflows of dollar.
The sharp falling rupee has negative connotations on foreign portfolio investment. While local stocks have become very attractive at seven time multiples with dividend yields of 11 to 12 percent, the one percent lower lock has turned the KSE into a one-way street ie coming in with no easy exit. This is also making the foreign portfolio managers uneasy.
Meanwhile, exchange companies had closed shops Monday, awaiting a higher rate on Tuesday based on interbank Tuesday value. But one could remit through telegraphic transfers at, ie, lower than interbank rate Rs 71.50 to dollar. UAE dirham was available at Rs 19.00 in exchange companies and Rs 19.40/19.45 with Hundi/Hawala dealers.
The supply and demand for dollar is widening and it is becoming difficult for the central bank to control. SBP's own forex reserves are not so large to be effectively used to arrest the slide.
SBP HAS TWO OPTIONS: It could provide regular dollars to meet the daily needs, and it would require the injection of a billion dollar on weekly basis for a couple of weeks to stabilise the market. And, subsequently the injection of USD 600,000 for every week until the central bank reserves are sufficient to cover at least 12 weeks' imports.
The other option is to give a bitter pill to the nation by sharply hiking the CRR & SLR rates, and, simultaneously making the lending rates so high that rupee becomes more dearer, ie, the choice is either to go for more demand management measures and let the economic wheel move at a slower pace or to spend the reserves to keep growth at comparatively higher level and risk going into an IMF programme.
In the later course, the Fund itself would force much sharper rise in lending rates and force an even more deeper slide of rupee against the dollar. It would therefore be more prudent to allow SBP to balance its act not on the basis of any mathematical model but undertake its own value judgement. But this means giving SPB a free hand with full political and fiscal support.
LAHORE: The rupee lost 80 paisa against dollar on the buying at Rs 70.50 and Re 1 on the selling side at Rs 71.00 at Lahore currency market on Monday. The dollar kept moving up throughout the day's trading following persistent demand and moved up and closed higher at Rs 70.50 and Rs 71.00 against Rs 69.70 and Rs 70.00. Moneychangers accounted the dollar's increasing demand for its appreciation.
The rupee also faced pressure and significantly declined against pound sterling at Rs 137.10 and Rs 138.10 on the buying and selling counters as compared to the last week closing of Rs 136.50 and Rs 137.00.
ISLAMABAD: The dollar and showed an extraordinary increase of Rs 1.40 at the currency markets of Islamabad and Rawalpindi on Monday. The dollar resumed trading at Rs 71 (buying) and Rs 71.50 (selling) against last rate of Rs 69.60 (buying) and Rs 69.70 (selling). It did not observe further change in the evening session and closed at Rs 71 (buying) and Rs 71.50 (selling).
Pound sterling opened at Rs 148 (buying) and Rs 149 (selling) against last rate of Rs 136.25 (buying) and Rs 136.75 (selling). It did not observe further change in the second session and closed at Rs 148 (buying) and Rs 149 (selling).
http://www.brecorder.com/index.php?id=765891
ePropertyPak
NEWS: Date:
2008-06-28
COMMERCIAL PROPERTY WANTED.
Looking to buy commercial property in Air Avenue/ Burki Road Lahore. Seller may contact on Email:
abubaba@live.com
ePropertyPak
NEWS: Date:
2008-06-27
MARKET WATCH LAHORE: The uncertain political and economic situation is keeping the market depressed. The Government is not in control of the situation Nationwide. Situation in N.W.F.P and FATA is of greater concern.With an imminent threat to Peshawar from TTP ( Tehrik Taliban of Pakistan) and growing strength of Taliban in Swat, Bajaur and all the agencies of FATA and Frontier region of DARA Adam Khel is adding to the uncertaininty. The real Estate market is likely to rewmain depressed till the Government's ability to deal with greater threats to the security,law &order, growing price hikes and unemployment is assessed.
ePropertyPak
NEWS: Date:
2008-06-27
Lahore Real Estate Market Pulse at 8.30 PM Friday June 27, 2008
DHA Lahore Phase 5 Extension. Allocation: Buyer(s) at 33.00 Sellers(s) at 33.15
DHA Lahore Phase 6 Allocation: Sellers(s) at 46 Las
DHA Lahore Phase 7 Allocation: Sellers(s) at 28 Las
DHA Lahore Phase 8 Allocation Against land: Buyer(s) at 41.65 Seller(s) at 41.85 Lacs
DHA Lahore Phase 9/10 Allocation Against land: Buyer(s) at 18.25 Seller(s) at 18.30 Lacs
Parkview-DHA-8 Lahore 1 kanal allocation transfer file Buyer(s) at 32.40 Seller(s) at 32.50 Lacs.
Parkview-DHA-8 Lahore 1 kanal allocation open file Buyer(s) at 32.00 Seller(s) at 32.05 Lacs.
Park view-DHA-8 10 Marla allocation file against Land Buyer(s) at 21.35 sellers at 21.55 lacs.
Parkview-DHA-8 10 Marla allocation file against PV plots Buyer(s) at 21 Seller(s)at 21.25 Lacs.
Bahria Town Rawalpindi Phase 9, 3-Paid, 10-Marla: Buyer(s) at 1.73 Seller(s) at 1.76 Lacs
Bahria Town Rawalpindi Phase 9, 2-Paid, 10-Marla: Buyer(s) at 1.30 Seller(s) at 1.31 Lacs
Islamabad Co-op 47 Thousand to 49 Thousand
Rates you can trust data is provided by Lahore Real Estate. 90-Y/2nd commercial, DHA Ph 3, Lahore
ePropertyPak
NEWS: Date:
2008-06-26
Dubai risks scaring off investors with visa u-turn
by John Irish on Tuesday, 24 June 2008
INVESTOR CONFIDENCE: ING said the announcement expat homeowners in Dubai are not automatically entitled to long-term residency could hit property sales. (Getty Images)
Foreigners could be less likely to buy properties in Dubai after the emirate's real estate regulator said expatriate homeowners are not automatically entitled to long-term residency rights, ING said on Tuesday.
"There is no direct link" between owning a property in Dubai and obtaining a residency visa, Chief Executive of the emirate's Real Estate Regulatory Authority (RERA), Marwan bin Ghalita, was quoted by daily Gulf News as saying on Tuesday.
The comments were contrary to prior statements from local developers such as Emaar Properties, the Arab world's largest real estate firm by market value, ING said, noting the remarks could trigger "negative sentiment" and impact Emaar's stock.
Dubai, the commercial hub of the Arab world, has witnessed a property boom since the government allowed foreigners to invest in properties in 2002. The emirate passed a real estate law in 2006 allowing foreign freehold ownership in some areas.
Expatriates from neighbouring countries facing political instability, such as Pakistan, Lebanon and Iran, have been lured to Dubai largely on the assumption that owning a property would entitle them to long-term visas, ING said.
"People from politically/economically unstable countries in the region bought residences in Dubai assuming they would automatically be granted residency, a huge asset to have if the situation in their home countries turned sour," ING said.
"Dubai was the only market in the region to offer such a link."
But bin Ghalita's comments on Tuesday raised questions about whether the promise of residency from developers, including state-owned Dubai Properties and Nakheel, has legal backing, ING said.
"Developers should not lure investors to the property sector with a promise of residence visa," bin Ghalita was quoted as saying.
The existence of "safety homes" in Dubai has been a key factor driving demand, and any decision by regulators to review the visa status of existing homeowners would create a "legal minefield" and could hit the emirate's image, ING said.
"Owners will feel they have been sold a worthless investment and what's more by developers that are all linked very closely to the state in Dubai," the bank said.
Shares of Emaar Properties slipped 0.45 percent on Tuesday while those of Union Properties fell 2.68 percent.
The regulator, meanwhile, has submitted a proposal to the government to grant foreigner homeowners visit visas, a rule that could also apply to existing homeowners if it is approved, bin Ghalita said.
Foreigners comprise more than 80 percent of the population in the United Arab Emirates, home to about 4.1 million people, the majority from the Indian subcontinent, Iran and other Arab countries.
(Reuters)
http://www.arabianbusiness.com/522911-dubai-risks-scaring-off-investors-with-visa-u-turn?ln=en
ePropertyPak
NEWS: Date:
2008-06-13
EFFECTS OF BUDGET ON REAL ESTATE.
(1). The rental will go up by 10 to 15%. The tax imposed on the rental value can be as high as 43%. How? 15% of the rent is paid as property tax. depending on the rental value slab 5 to 15% is income tax + a fixed amount is paid as income tax.
(2) Prices of plots will go up corresponding to the Rs.100/- per Square yard levied on developers.
(3). Prices of construction will go up due to the tax imposed on builders ( Rs.50 per SFT), taxes abd GST on raw material and import duty on imported material.
It can be easily estimated that in 2008/09 the construction cost will be around Rs. 2000 per SFT for normal construction and upto Rs. 2500/ Per SFT for better quality construction.
ePropertyPak
NEWS: Date:
2008-06-12
Real estate business brought under tax net * New budget includes taxes on real estate transactions and rented propert
Real estate business brought under tax net
* New budget includes taxes on real estate development, real estate transactions and rented property
Staff Report
ISLAMABAD: The government has proposed taxes on the real estate business in the federal budget announced on Wednesday, bringing the sector under the tax net for the first time.
The proposed budget for the 2008-09 fiscal year requires builders to pay a Rs 50 per square foot tax on covered constructed area and land developers to pay Rs 100 per square foot of developed land.
The 2007-08 Finance Bill also includes a 25 percent tax on real estate transactions exceeding Rs 250 million, 30 percent on transactions exceeding Rs 350 million and a 35 percent tax on real estate transactions exceeding Rs 500 million.
The government has also proposed a five percent tax on rented property if the gross rent exceeds Rs 150,000, Rs 12,500 and 10 percent if the gross rent exceeds Rs 400,000, and Rs 72,500 and 15 percent if the gross rent is more than Rs 1,000,000.
If the property is owned by a company, a company tax of five percent will be charged if the gross rent is less than Rs 400,000, Rs 20,000 and 10 percent if the rent is more than Rs 400,000 and Rs 80,000 and 15 percent if the gross rent exceeds Rs 1,000,000.
http://www.dailytimes.com.pk/default.asp...008_pg7_54
ePropertyPak
NEWS: Date:
2008-06-11
ADVERTISE YOUR HOLDINGS WITH CONFIDENCE ON WWW.EPROPERTYPAK.COM
Our members mught have noticed that advertisments on our website have increased. This may be due to :-
(1). Advertisers must have realised that administration of this website are not dealing in real esatate as such we have no hidden business interests.
(2). the webpage has been so designed that maximum informations with pictures can be given which attracts buyers.
(3). The website is user friendly and advertisers can upload, modify/delete advertisment with out any difficulty.
(4). Advertisers are by now in four years time are convinced that their datat is confidential to the extent that administration of this website does not even open Data in the data base.
BUYERS HAVE DEVELOPED CONFIDENCE AND USE THIS WEBSITE WHILE SEARCHING FOR REAL ESTATE.
ePropertyPak
NEWS: Date:
2008-06-01
Lahore Real Estate Market Pulse at 05.40 Pm May 30, 2008
<<<<< Attached is the list of all illigal housing schemes in Lahore. List updated by LDA and listed in Dail Jang May 30 2008.
DHA Lahore Phase 5 Extension. Allocation: Buyer(s) at 33.85 Sellers(s) at 34
DHA Lahore Phase 8 Allocation Against land: Buyer(s) at 42.65 Seller(s) at 42.80 Lacs
DHA Lahore Phase 9/10 Allocation Against land: Buyer(s) at 18.10 Seller(s) at 18.15 Lacs
Parkview-DHA-8 Lahore 1 kanal allocation file Buyer(s) at 30.50 Seller(s) at 30.65 Lacs.
Park view-DHA-8 10 Marla allocation file against Land Buyer(s) at 19.35 Seller(s)19.45 lacs.
Parkview-DHA-8 10 Marla allocation file against PV plots Buyer(s) at 18.80 Seller(s)at 18.95 Lacs.
Bahria Town Rawalpindi Phase 9, 3-Paid, 10-Marla: Buyer(s) at 1.90 Seller(s) at 1.92 Lacs
Bahria Town Rawalpindi Phase 9, 2-Paid, 10-Marla: Buyer(s) at 1.31 Seller(s) at 1.32 Lacs
Islamabad Coop 53000 to 54000
==============
*** Plot Prices ***
==============
DHA Lahore Ph 5 ( Price Range)
A ( 80 to 110), B ( 90 to 120 ), C ( 85 to 115 ), D ( 105 to 125 ), E ( 90 to 120 ), F ( 110 to 130 ), G ( 85 to 120 ), H ( 85 to 110 ), J ( 75 to 95 ), K ( 85 to 105 ), L ( 72 to 95 )
DHA Lahore Ph 6 ( Price Range)
A ( 55 to 75 ), B ( 65 to 80 ), C (52 to 70 ), D (52 to 65), E ( 50 to 60 ), F ( 54 to 64 ), G (62 to 75 ), H ( 64 to 75 ), J ( 62 to 75 ), K (64 to 75 ), L ( 60 to 75 ), M ( 61 to 68 ), N ( 50 to 65 )
DHA Lahore Ph 7 ( Price Range)
P (44 to 65), Q ( 36 to 45 ), R (48 to 60 ), S (44 to 50 ), T ( 37 to 45), U ( 36 to 45 ), V (45 to 65 ), W ( 45 to 65 ), X ( 37 to 45 ), Y ( 33 to 45 ), Z (33 to 60)
State Life phase 1 full paid plots
5 Marla = 15 to 18 lacs
10 Marla = 18.00 to 25 lacs
1 Kanal = 25 to 45 lacs (including non-possession plots)
State Life phase 2 full paid plots
5 Marla = 6.25 to 7.50 lacs
10 Marla = 9.00 to 10.75 lacs (Including 10 Marla new cutting in EE block)
1 Kanal = 12 to 18.00 lacs (Excluding 200 Ft MB Plots. MB plots go for upto 22 lacs)
DHA 8 Air Avenue full paid plots
10 Marla = 42 to 50 lacs
1 Kanal = 65 to 85 lacs
2 Kanal = 150 to 170 lacs
4 M comm = 72 to 95 lacs
8 M comm = 170 to 200 lacs
32 M comm = 750 to 1000 lacs
Central Park
10 Marla = 7.25 to 12 lacs
1 Kanal = 13.50 to 20 lacs
2 Kanal = 25 to 35 lacs
NFC Phase 1:
5 Marla = 18 to 22 Lacs
10 Marla = 20 to 32 Lacs
1 Kanal = 38 to 52 Lacs
NFC PHASE-II Price (Price is without development charges).
05-Marla = 3.00 to 4.15 Lacs
10-Marla = 4.00 to 5.75 Lacs
01-Kanal = 6.00 to 10.00 Lacs
Sui Gas 1
1 Kanal = 50 to 65 lacs
2 Kanal = 100 to 140 lacs
Sui Gas 2
1 Kanal = 10 to 15.50 lacs
2 Kanal = 22 to 28 lacs
(*** Important Note about Plot Prices: These prices cover more than 95% plots. Extremely bad or exceptionally good locations like MB plots may be priced out of these price ranges *** )
Rates you can trust data is provioded by Lahore Real Estate . 90-Y/2nd commercial, DHA Ph 3, Lahore
Please Call (+92-42-) 111-111-040, or Email: LRE786@GMail.com
--------------------------------------------------------------------------------
ePropertyPak
NEWS: Date:
2008-05-28
Lahore is a city of opportunities’ * Pakistan economy is favourable to investment
‘Lahore is a city of opportunities’
* Khamas Group chief says Pakistan economy is favourable to investment
By Nauman Tasleem
LAHORE: Lahore is a city of opportunities for foreign investors, said Salah Khamas, director of Khamas Group of Companies, a UAE-based company.
Khamas, who is visiting Pakistan to finalise a $100 million housing project in the city, talked to Daily Times about his visit, his company’s investment plans in the country and how he felt at home here.
Khamas, an MBA from Texas, said he has been visiting the city for the last 25 years. “I feel at home whenever I visit Lahore, which is why I planned to launch a project here.” The project consists of commercial markets, residential schemes, playgrounds, swimming pools, a community centre, a recreational park and several modern facilities. “The world of today strives to provide all facilities under one roof and that is exactly what I plan to do here,” Khamas said.
“Lahore is a very lively city and has many attractions for foreigners,” he said, adding that his company had planned the project keeping in view the habits of Lahoris. He said that other Pakistani cities, including Karachi, Gwadar and Islamabad, also had potential for investment, especially in construction projects.
He hoped that the new Pakistani government would succeed in delivering and controlling deteriorating law and order. He said, “The situation has already tranquillised and I hope the future will be bright.” Khamas termed the economic situation of Pakistan as sound and said that a class of people was emerging that had attractive income levels and had the potential to invest. He said, “One should not forget the raise in income levels while considering the rate of inflation.” He said he would suggest other investors to also visit Pakistan and see its investment potential.
He said that after the completion of the project, the Khamas Group planned to launch another housing project targeting the low-income level groups. “You cannot ignore that part of society,” he said.
Khamas said that the upcoming project aimed not only at providing a luxurious lifestyle to people, but also to help locals net jobs. “In construction work, you need a lot of manpower and labour and both these resources would be hired from the local market,” he said, adding that the company would only bring logistics with it from the UAE.
He said the Khamas Group was a consortium of more than 200 companies with a liquidity of more than $3 billion. “We have offices in all Gulf countries, China, Japan, India, Korea and the Philippines,” he said, adding that an office in Pakistan was very important for the group.
http://www.dailytimes.com.pk/default.asp...008_pg13_6
ePropertyPak
NEWS: Date:
2008-05-20
Cost of construction rises by 25pc in a year
By Faryal Najeeb
KARACHI: The housing and construction industry is facing a mismatch between the annual need of 670,000 housing units and the construction of only 300,000 units per year. Sources and real estate agents claim that a major cause of mounting pressure on housing in urban areas is the rural-urban migration.
The demand for construction raw materials is increasing while international steel and cement prices continue to soar, which a common man is finding difficult to afford. A source explained that the cost of constructing a house now is at least 25 percent more than what it was a year ago. “Billets are one of the most significant raw materials for steel products which had cost less than $200 per tonne a year ago and now have hiked to $1,100 per tonne.”
Similarly cement companies are demanding to sell 50kg bag for Rs300, which is unaffordable for the common man, the source added. According to the FPCCI standing committee on housing and construction, World Bank statistics had reported a backlog of 7.0 million housing units against the backlog of 4.27 million in 1998.
Pakistan may face further housing backlog of 10 million units in the next 20 years beside the backlog of 7.0 million, if the construction industry is neglected continuously, the research further predicted.
Some projections in the report state that Karachi’s population will grow to 20.6 million and Lahore to 10.8 million in the next few years. It has been estimated that more than half of all housing units in Pakistan consist only of one room, shared by an average family at 6.5 people.
On the other hand, a related phenomenon is the mushrooming of slums (kutchi abadis) whose number rose from 471 in 1984 to 1,482 in June 2005. In all major cities, other problems include an increase in the crime rate and the large-scale power and water theft in slums through illegal connections.
Former senior chairman of FPCCI standing committee on housing and construction, Muneer Sultan informed that the government had taken some initiatives in the concerned sector which unfortunately failed with no results.
He informed that the National Housing Policy 2001 was announced but never implemented. He added that the potential to generate employment in this sector has not been taken seriously in the past, nor ever decided to revitalize it as a vehicle for economic revival.
Sultan further added that the last government had been sincere to develop the industry but bureaucracy prevented the growth of construction sector that would have directly benefited 72 allied industries.
“All over the world, the housing and construction sector contributes greatly to national GDP but in Pakistan, the government fails to recognize the sector’s importance which would eventually have dire consequences in the future,” he concluded
http://www.thenews.com.pk/daily_detail.asp?id=113497
ePropertyPak
NEWS: Date:
2008-05-17
Main Ferozpur Road
250 & 150 acre agriculture land located in Mustafa Abad is for sale idea for Housing Scheme, Livestock Farm, and Agriculture Farm.
9 Acre (72 KINALS) land in Kot Islam Pura main Ferozpur Road is for sale ideal for
Industry, Housing Scheme, Livestock Farm, Agriculture Farm
.NO BROKER, only serious buyer contact 03004873157
ePropertyPak
NEWS: Date:
2008-05-17
Lahore Real Estate Market Pulse at 04:05 Pm May 17 , 2008
DHA Lahore Phase 5 Extension. Allocation: Buyer(s) at 35 Seller(s) at 35.25 Lacs
DHA Lahore Phase 8 Allocation Against land: Buyer(s) at 43.50 Seller(s) at 43.75 Lacs
DHA Lahore Phase 9/10 Allocation Against land: Buyer(s) at 18.50 Seller(s) at 18.60 Lacs
Parkview-DHA-8 Lahore 1 kanal file Buyer(s) at 31.50 Seller(s) at 31.75 Lacs.
Parkview-DHA-8 10 Marla file against PV plots Buyer(s) at 19.65 Seller(s)at 19.70 Lacs.
Parkview-DHA-8 10 Marla file against land Buyer(s) at 19.85 Seller(s)at 20 Lacs.
Rates you can trust data is provided by Lahore Real Estate ( LahoreRealEstate.Com ). 90-Y/2nd commercial, DHA Ph 3, Lahore
To Buy Sell Plots and Files Please Call (+92-42-) 111-111-040, or Email: LRE786@GMail.com
ePropertyPak
NEWS: Date:
2008-05-16
Lahore Real Estate Market Pulse at 04:15 Pm May 16 , 2008
DHA Lahore Phase 5 Extension. Allocation: Buyer(s) at 35 Seller(s) at 35.25 Lacs
DHA Lahore Phase 8 Allocation Against land: Buyer(s) at 42.50 Seller(s) at 42.75 Lacs
DHA Lahore Phase 9/10 Allocation Against land: Buyer(s) at 18.10 Seller(s) at 18.50 Lacs
Parkview-DHA-8 Lahore 1 kanal file Buyer(s) at 31.50 Seller(s) at 31.75 Lacs.
Parkview-DHA-8 10 Marla file against land Buyer(s) at 19.65 Seller(s)at 19.75 Lacs.
Parkview-DHA-8 10 Marla file against land Buyer(s) at 19.85 Seller(s)at 19.95 Lacs.
Bahria Town Rawalpindi Phase 9, 3-Paid, 10-Marla: Buyer(s) at 1.78 Seller(s) at 1.80 Lacs
Bahria Town Rawalpindi Phase 9, 2-Paid, 10-Marla: Buyer(s) at 1.24 Seller(s) at 1.26 Lacs
Islamabad Coop 56000 to 58000
==============
*** Please note DHA Plots Prices updated on May 16 2008 ***
==============
DHA Lahore Ph 5 ( Price Range)
A ( 80 to 110), B ( 75 to 120 ), C ( 80 to 115 )
D ( 85 to 125 ), E ( 90 to 120 ), F ( 110 to 130 ), G ( 85 to 125 ), H ( 82 to 110 ), J ( 75 to 95 ), K ( 85 to 95 ), L ( 72 to 95 )
DHA Lahore Ph 6 ( Price Range)
A ( 55 to 75 ) B ( 62 to 80 ), C (50 to 70 ), D (50 to 65) , E ( 50 to 60 ), F ( 55 to 64 ), G (64 to 75 ), H ( 63 to 75 ), J ( 60 to 75 ), K (65 to 75 ), L ( 60 to 75 ), M ( 60 to 68 ), N ( 52 to 65 )
DHA Lahore Ph 7 ( Price Range)
P (42 to 65), Q ( 34 to 45 ), R (50 to 60 ), S (44 to 50 ), T ( 38 to 45), U ( 37 to 45 ), V (46 to 65 ) W ( 46 to 65 ), X ( 37 to 45 ), Y ( 34 to 45 ), Z (34 to 60)
State Life Phase 1 full paid plots
5 Marla = 15.55 to 17.25 lacs
10 Marla = 18.50 to 25 lacs
1 Kanal = 26 to 45 lacs (including non-possession plots)
State Life phase 2 full paid plots
5 Marla = 5.70 to 6.50 lacs
10 Marla = 8.00 to 10.00 lacs (Including 10 Marla new cutting in EE block)
1 Kanal = 11.75 to 16 lacs (Excluding 200 Ft MB Plots. MB plots go for upto 20 lacs)
DHA 8 Parkview Lahore full paid plots
1 Kanal = 35-50 (Non possession) , 65 to 95 lacs ( Possession area plots)
2 Kanal = 135-160 (Non possession) , 150 to 200 lacs ( Possession area plots)
DHA Villas in Parkview= -.50 lacs loss to 2.00 lacs profit
DHA 8 Air Avenue full paid plots
10 Marla = 40 to 50 lacs
1 Kanal = 65 to 85 lacs
2 Kanal = 150 to 170 lacs
4 M comm = 75 to 95 lacs
8 M comm = 175 to 200 lacs
32 M comm = 750 to 1000 lacs
Central Park
10 Marla = 7 to 12 lacs
1 Kanal = 13.50 to 20 lacs
2 Kanal = 25 to 35 lacs
NFC PHASE-II Price (Price is without development charges).
05-Marla = 2.25 to 3.50 Lacs
10-Marla = 3.25 to 5 Lacs
01-Kanal = 5.00 to 8 Lacs
Sui Gas 1
1 Kanal = 50 to 70 lacs
2 Kanal = 110 to 150 lacs
Sui Gas 2
1 Kanal = 11 to 16.50 lacs
2 Kanal = 24 to 28 lacs
(*** Important Note about Plot Prices: These prices cover more than 95% plots. Extremely bad or exceptionally good locations like MB plots may be priced out of these price ranges *** )
Rates you can trust data is provided by Lahore Real Estate ( LahoreRealEstate.Com ). 90-Y/2nd commercial, DHA Ph 3, Lahore
To Buy Sell Plots and Files Please Call (+92-42-) 111-111-040, or Email: LRE786@GMail
ePropertyPak
NEWS: Date:
2008-05-15
Lahore Real Estate Market Pulse at 11:30 Am May 15 , 2008
DHA Lahore Phase 5 Extension. Allocation: Buyer(s) at 34.75 Seller(s) at 35.00 Lacs
DHA Lahore Phase 8 Allocation Against land: Buyer(s) at 41.85 Seller(s) at 42 Lacs
DHA Lahore Phase 9/10 Allocation Against land: Buyer(s) at 17.20 Seller(s) at 17.30 Lacs
Parkview-DHA-8 Lahore 1 kanal file Buyer(s) at 31.35 Seller(s) at 31.50 Lacs.
Parkview-DHA-8 10 Marla file Buyer(s) at 19.75 Seller(s)at 19.85 Lacs.
Bahria Town Rawalpindi Phase 9, 3-Paid, 10-Marla: Buyer(s) at 1.76 Seller(s) at 1.78 Lacs
Bahria Town Rawalpindi Phase 9, 2-Paid, 10-Marla: Buyer(s) at 1.18 Seller(s) at 1.20 Lacs
Islamabad Coop 53000
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***Please note DHA Plots Prices updated on May 15 2008 ***
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DHA Lahore Ph 5 ( Price Range)
A ( 80 to 110), B ( 75 to 120 ), C ( 80 to 115 )
D ( 85 to 125 ), E ( 90 to 120 ), F ( 110 to 130 ), G ( 85 to 125 ), H ( 82 to 110 ), J ( 75 to 95 ), K ( 85 to 95 ), L ( 72 to 95 )
DHA Lahore Ph 6 ( Price Range)
A ( 55 to 75 ) B ( 62 to 80 ), C (50 to 70 ), D (50 to 65) , E ( 50 to 60 ), F ( 55 to 64 ), G (64 to 75 ), H ( 63 to 75 ), J ( 60 to 75 ), K (65 to 75 ), L ( 60 to 75 ), M ( 60 to 68 ), N ( 52 to 65 )
DHA Lahore Ph 7 ( Price Range)
P (42 to 65), Q ( 34 to 45 ), R (50 to 60 ), S (44 to 50 ), T ( 38 to 45), U ( 37 to 45 ), V (46 to 65 ) W ( 46 to 65 ), X ( 37 to 45 ), Y ( 34 to 45 ), Z (34 to 60)
State Life Phase 1 full paid plots
5 Marla = 15.55 to 17.25 lacs
10 Marla = 18.50 to 25 lacs
1 Kanal = 26 to 45 lacs (including non-possession plots)
State Life phase 2 full paid plots
5 Marla = 5.70 to 6.50 lacs
10 Marla = 8.00 to 10.00 lacs (Including 10 Marla new cutting in EE block)
1 Kanal = 11.75 to 16 lacs (Excluding 200 Ft MB Plots. MB plots go for upto 20 lacs)
DHA 8 Parkview Lahore full paid plots
1 Kanal = 35-50 (Non possession) , 65 to 95 lacs ( Possession area plots)
2 Kanal = 135-160 (Non possession) , 150 to 200 lacs ( Possession area plots)
DHA Villas in Parkview= -.50 lacs loss to 2.00 lacs profit
DHA 8 Air Avenue full paid plots
10 Marla = 40 to 50 lacs
1 Kanal = 65 to 85 lacs
2 Kanal = 150 to 170 lacs
4 M comm = 75 to 95 lacs
8 M comm = 175 to 200 lacs
32 M comm = 750 to 1000 lacs
Central Park
10 Marla = 7 to 12 lacs
1 Kanal = 13.50 to 20 lacs
2 Kanal = 25 to 35 lacs
NFC PHASE-II Price (Price is without development charges).
05-Marla = 2.25 to 3.50 Lacs
10-Marla = 3.25 to 5 Lacs
01-Kanal = 5.00 to 8 Lacs
Sui Gas 1
1 Kanal = 50 to 70 lacs
2 Kanal = 110 to 150 lacs
Sui Gas 2
1 Kanal = 11 to 16.50 lacs
2 Kanal = 24 to 28 lacs
(*** Important Note about Plot Prices: These prices cover more than 95% plots. Extremely bad or exceptionally good locations like MB plots may be priced out of these price ranges *** )
Rates you can trust data is provided by Lahore Real Estate ( LahoreRealEstate.Com ). 90-Y/2nd commercial, DHA Ph 3, Lahore
To Buy Sell Plots and Files Please Call (+92-42-) 111-111-040, or Email: LRE786@GMail.com
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