DHA Lahore Query ~ One Kanal Plot

[umair2203]

Aoa all

I have two queries.

1. Are the new property tax is applicable on some on who has no property / asset on his / her name before it and he/she wants to buy one plot to build a house

2. What is the better place to invest in one kanal plot in dha lahore . We have been quoted 1.5-1.6 crores for dha phase 9 prism and almost similar prices for dha phase 7 where lot of development work has taken place. So what is the good place to invest in one kanal plot in dha lahore

2a. How does investment in dha lahore compares to bahria enclave islamabad in long terms

Regards

Looking forward

[StrikerX]

1. Are the new property tax is applicable on some on who has no property / asset on his / her name before it and he/she wants to buy one plot to build a house

If you're asking if you'll have to pay tax if you buy a plot then yes you will have to as a buyer. There is no new tax for a buyer, just the %age has been increased.

1. What is the better place to invest in one kanal plot in dha lahore . We have been quoted 1.5-1.6 crores for dha phase 9 prism and almost similar prices for dha phase 7 where lot of development work has taken place. So what is the good place to invest in one kanal plot in dha lahore

Which plot (plot# & block) in prism were you being quoted 155-160lakh for? Prices in prism are high but not that high, most excellent location plots hover around 125-145. As for which DHA is better to invest in, you should inquire with LahoreRealEstate.com

2a. How does investment in dha lahore compares to bahria enclave islamabad in long term

Lahore is better for investment compared to ISB

[qwertypoiu]

The new property tax is: If you buy a plot for 1 crore and sell it for 2 crore within 5 years time you will have to pay 10% tax on profit which will be 10 lacs.

Secondly you should invest in phase 6 plots which have possession.. As it is easy to keep and sell when you think you should sell.

Phase 7 and others do not have possession so when there is rumours of dha balloting prices goes up and other wise drops.. And no one knows when one will get possession.

A friend sold such a plot few months back.

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[khurramali3]

try dha phase 7 and 9