How Real Estate Contributes To Pakistani Economy

Real estate is an enabler of economic activity; by offering the space for businesses to operate it effectively provides the business infrastructure without which an advanced economy could not operate. Earthlink developer has contribute to progressive real estate through high-quality, modern and innovative multi- storey buildings which contribute to maintaining the country’s reputation as an international trade hub and attract skills and capital from the rest of the world, creating further opportunities. Moreover, hundreds of luxury apartments developed by Earthlink in The Grande projects is not only providing the high standard lifestyle but also giving opportunity for profitable investment and promising high capital gain. Real estate is a source of employment in all sorts of areas; not only for architects, builders and engineers, but also for legal and financial advisors, surveyors, facilities managers and all those that provide for the construction industry. Earthlink Development has generated an innovative employment model for qualified and skilled people in different fields who have transformed the property market by making the best use of technology and information. Moreover, under the expert leadership of Earthlink Developments management real estate is playing a vital role in the provision of hi- tech and modern infrastructure. Real estate can probably not claim to be the magic wand of economic growth, but it is certainly a lever for growth that could be pulled harder.

Pakistan’s real estate market remains the backbone of its economy, with as many as 250 different industries depending upon it. These industries are mostly connected to the construction of real estate projects and include cement, building, timber, steel, sanitary fittings and a range of other businesses. The sector is also the second largest employer within the country, with the first being agriculture. Furthermore, the industry is worth more than 700 billion dollars. In spite of these facts, real estate contributes only 2% to the national GDP.

The question now arises as to why this is the case? Why is Pakistan’s property market not contributing a larger share to the economy and what can be done to improve that? The biggest problem that hinders the growth of the property market of Pakistan is that the process is so complicated and full of loopholes that any seasoned investor has to think thrice before even considering an investment opportunity that sounds too good to be true. While reliable projects are being built and a lot of foreign investment and attention is being garnered by the country, especially since the announcement of the China-Pak Economic Corridor (CPEC), it is not enough. Earthlink Developments is doing great efforts in revolutionizing the property industry that assure investors that the investment they are making is safe, reliable and well-documented.

Real estate in Pakistan is catering to the urbanization problem by providing ample of residential and commercial projects in urban centers. Land scarcity in the three major cities: Karachi, Lahore, and Islamabad have reached an alarming rate. 2017 faced more than 47 % rural to urban migration in Pakistan hence increasing the residential unit’s demands. Land scarcity has influenced developers to start new projects in gated communities in the outskirts of these cities. According to the latest census, the urban population of Pakistan grows by three percent every year. At this rate by 2030, more than half of the citizens of the country will be living in cities. This makes it one of the most rapidly urbanizing countries in the world and with this, come a lot of implications for the economy as a whole and the real estate market in particular. The rapid urbanization means that the way of living and real estate projects have to be adjusted accordingly to accommodate the influx of people from all over the country into major cities like Rawalpindi, Islamabad, Lahore and Karachi. Greater construction work and initiation of new projects in Zone-2 Islamabad across the Sangjani Toll Plaza towards Peshawar Motorway remained in full swing this year.  With New Islamabad International Airport in close proximity, motorway on one side and the GT road on the other, Zone 2 remained the second most valuable investment zone in the city. Gated communities are the hot trend in the housing market. Experts estimate that between 2016 and 2017 investments in gated housing schemes increased by 25 to 30%. Launch of DHA Phase-3 Islamabad, DHA Bahawalpur and development work started plus balloting of plots took place in DHA Multan and Peshawar had been the most pleasant trends in 2017. Inauguration of World Trade Center at DHA Phase-2 Islamabad has changed the fate of G.T road and paved way for new mega projects market in Zone-V of Islamabad.

Pakistan is now primed for foreign investment in real estate. Work has already begun on the $51.5 billion China-Pakistan Economic Corridor and the benefits will flow to the real estate industry. Pakistani real estate has seen a tremendous increase in property prices since the agreement. It has not only grabbed the attention of investors, but the demand for land has increased significantly. Prices run into the millions in Gwadar, so we can say it has touched the sky. And, soon after the government announcement to construct a deep-sea port, the remote fishing town of Gwadar witnessed a significant boost in prices. The initiative has given rise to international housing schemes in Gwadar, not only for accommodating Chinese officials but for buyers across the board. Sanghar Housing Scheme, Canadian City, Naval Anchorage, Creek City Gwadar and many other real estate projects have received greater number of investment in last 2 years. Furthermore, the infrastructural development and initiatives of new energy projects in many urban and remote areas under the CPEC development has given a new dimension and direction to the real estate industry in Pakistan this year. Mega real estate projects advancements near new Islamabad Airport, northern Punjab and in many areas of Sindh is the evidence of this.

The culture of entrepreneurship and expansion of business is also on rise in major cities of Pakistan because of the CPEC and related projects. Unfortunately, absence of state of the art commercial buildings is a great obstacle in flourishing of economic activity in the country. In order to address the rising need Earthlink Real Estate has developed outstanding and marvelous commercial real estate buildings in perfect locations. Development of high quality business center and modern commercial infrastructure is catering to the growing need of business community and generating good employment opportunities. Investors are also getting greater benefits by getting high return on their investments through commercial real estate projects of The Grande since 2010. The Grande is equipped with all facilities, luxuries and hi tech amenities required for the most excellent corporate and business atmosphere. Grande Business Centre located at the commercial hub of Bahria Enclave, Grande Marina at the most busiest road of Phase-4 Bahria Town Islamabad are top of the line projects aim at catering to the growing need of international and local Pakistanis.

 

 

 

 

 

Why Should You Invest at The Grande?

The Grande; A Symbol of Luxury

The Grande projects are marvelous architecture offering luxurious apartments with exclusive entrance, corporate office spaces and shops to enhance your business and investment endeavors. The projects are well maintained and highly safe and secure with imported fittings and accessories to make life very comfortable. Marvelous Grande buildings are situated at Phase-2, 3, & civic center of Bahria Town Rawalpindi and The Grande Business Center is situated in Sector G of Bahria Enclave Islamabad.

Maximize your Return on Investment 

Return on Investment Formula is;

ROI = (Gain from Investment – Cost of Investment)

To calculate ROI, the benefit (or return) of an investment is divided by the cost of the investment. The result is expressed as a percentage or a ratio. Our clients who invested at The Grande apartment have earned up to 56.4% of ROI within 6 years. A summary of rates appreciation of Grande Phase-2 are given as below;

Studio Apartment (450 Sq.Ft)
Scenario Year Price in PKR
Booking Price 2012 18 Lacks
Rate on Completion 2014 40 Lacks
Current Price 2019 45 Lacks

 

2 Bedroom Apartment (1230 Sq.Ft)
Scenario Year Price in PKR
Booking Rate 2012 55 Lacks
Rate on Completion 2014 85 Lacks
Current Rate 2019 10 Million

 

After the successful delivery of first Grande Project, Earthlink launched its second enormous project of The Grande phase-3 in 2014. The beautifully designed park facing building is developed on 4 Kanal land having 71 apartments and 38 shops. Our valuable clients earned high return on investment; two cases are given below;

 

2 Bedroom Apartment (1700 Sq.Ft)
Booking Price 8500000
Rate on Completion 14450000
Current Price 15300000

 

3 Bedroom Apartment (1960 Sq.Ft)
Booking Price 9800000
Rate on Completion 16660000
Current Price 17640000

 

Best Location Projects

The Grande projects are developed at ideal and prime localities where families enjoy safe and secure living. Parks, children play area, recreational centers, green groceries and cash and carry stores are on few minutes walking distance. Commercial units are strategically situated at highest foot flow area which invites a great number of customers to shops for enormous business and economic activity. Wide and well maintained road network, accessible to Islamabad Expressway and convenient parking space makes the living and business highly comfortable at Grande projects.

Amenities At The Grande

Distinct features include beautifully designed reception area and lounges; high speed elevators; earthquake resilient structure; highly safe and secure with firefighting system; high quality finishes and appliances and designer fitted kitchens. Furthermore, security, cleanliness and maintenance of the building are the sole responsibility of the developer which gives a great comfort to the residents of The Grande. The architectural design is very modern and designed beautifully having imported lighting, wonderful interior, lobby areas and much more. There is vigilant security system with 24 hour functional CCTV cameras and security guards. The Grande Projects are equipped with every luxury and comfort one desires and dream of.

Top of Line Features

Having beautiful alleviation coupled with stunning interior, beautiful lobbies and luminous corridors makes the Grande building an outstanding structure. The Grande project is equipped with top of the line features which include beautiful view, wide glass windows and best ventilation system. Other amenities include as following;

  • Round the clock electricity
  • Fabulous office spaces
  • Vigilant security system
  • Exceptional Finishes
  • High End Digital Cabling for internet
  • High speed elevator
  • Earthquake resilient structure
  • Highly safe and secure with firefighting system
  • Building maintenance by the company

Earthlink; Developer of Grande

Earthlink, a multi-dimensional real estate development, brokerage and construction company is rendering expert services since 1984. Luxurious yet affordable projects have been launched by Earthlink during the last few years; some of which are The Grande I, II, III and The Grande Business Centre. Over the course of years, Earthlink has become leading and credible real estate developer. Hence, the mission of the company is to be the full-service commercial and residential real estate developer of choice for national, corporate vendors while building beneficial environments and maintaining lasting relationships. Earthlink Real Estate aims to establish high standards of services, in order to prolong the life of the properties and projects maintained.

 

 

 

Profitable Real Estate Investment Tips

Real estate investing doesn’t come with a map, and the road to riches is often winding. That being said, there are things you can do to put yourself on the right path and ensure your best chances for success for profitable real estate investment. Listening to real estate professionals and successful investors is a great place to start. To get you in the mindset of the pros, we gathered few useful and essential property investment tips from people who can speak from experience. Whether you’re new to real estate investing or going on your third income property, this article is filled with great nuggets of advice and interesting perspectives.

  1. Always Invest with Credible Developer

In Pakistan these days you will come across lot of marketing and advertisement of numerous projects which don’t have previous history. It is highly recommendable that before investing your precious money always ensure that the developer has completed and delivered any projects in recent past. Visit and thoroughly inspect the previously delivered projects and make sure that it is of good standard.

  1. Ensure that Property has valid NOC

Before making decision to purchase a property make sure that it holds a valid NOC and is approved by the competent authority like CDA, RDA or LDA etc. It is your right that you see the copy of attained NOC or any sort of legal document that clearly mentions that the project or property is legally approved. Buyer or investor should get a lawful transfer of the property in his/her own name to avoid any unpleasant situations in future.

  1. Diversify your investments

It’s commonly preached that the best real estate investment is the one in your backyard. While there is merit to understanding the area in which you’re investing, I believe that you’re truly limiting your profitability potential by only considering a small geographic area. By considering investment in diverse localities you’ll have a large pool of available investments and ultimately better opportunities. Investing across a large geographical area also further diversifies your investments and protects your portfolio against the volatility of local markets.

  1. Investing at Soft Launch multiplies ROI

Project on soft launch offer high growth potential on return on your investment and tax incentives for buyers. Earthlink Developments have provided a fabulous win-win situation to our esteemed clients and investors by giving the investment opportunity at soft launch stage of our projects. A client booked his studio apartment for eighteen lacks at Grande Phase-2 in 2010, at the time of completion in 2012 the price was forty lacks and currently the rate is forty five lacks with an excellent rental yield. You can earn a great profit and excellent capital gain by investing at luxury projects of Earthlink developments at soft launch phase.

  1. Consult Real Estate Expert

Learning the real estate investing business is challenging to someone attempting to do things on their own. Effective real estate investors often attribute part of their success to others – whether a mentor, lawyer or supportive friend. Rather than risk time and money tackling a difficult problem alone, successful real estate investors know it is worth the additional costs (in terms of money and ego) to embrace other people’s expertise. Highly qualified and experienced professionals at   Earthlink Real Estate are available round the clock to provide the best and honest advice on real estate investment.

  1. Make a Plan

Real estate investors must approach their real estate activities as a business in order to establish and achieve short- and long-term goals. A business plan also allows investors to visualize the big picture, which helps maintain focus on the goals rather than on any minor setbacks. Real estate investing can be complicated and demanding, and a solid plan can keep investors organized and on task.

  1. Know the Market

Effective real estate investors acquire an in-depth knowledge of their selected market(s). Keeping abreast of current trends – including any changes in consumer spending habits, taxes and high in demand properties, to name a few – lets real estate investors acknowledge current conditions and plan for the future. This enables them to predict when trends may change, creating potential opportunities for the prepared investor.

  1. Stay Educated

As with any business, it is imperative to stay up to date with the laws, regulations, terminology and trends that form the basis of the real estate investor’s business. Investors who fall behind risk not only are losing momentum in their businesses, but also legal ramifications if laws are ignored or broken. Successful real estate investors stay educated and adapt to any regulatory changes or economic trends.

  1. Understand the Risks

Stock or futures market investors are inundated with warnings regarding the inherent risks involved in investing. Real estate investors, however, are more likely to see advertisements claiming just the opposite: that it is easy to make money in real estate. Prudent real estate investors understand the risks – not only in terms of real estate deals, but also the legal implications involved – and adjust their businesses to reduce those risks.

 

 

 

 

Earn High Capital Gain on Investment at Grande Marina

If you are looking to earn high capital gain on your valuable investment than The Grande Marina is the perfect lucrative option for you. The Grande Marina is strategically located at the busiest road of Bahria Town welcoming highest footfall.  The soft launch of this prestigious project offers affordable investment which can make you landlord of a commercial space and give an opportunity to earn high rental income for sure. Book your unit now on easy installment plan and best rate. Situated at prime location The Grande is next marvelous real estate project where the external river view meets the internal green ambiance. With a blend of vibrant retail and entertainment segments, the Grande Marina promises a combination of the stunning architecture, presence of high life brands, fun & dine, leisure and convenience that will drive this mall to the heights of commercial success. The facility is destined to revolutionize modern shopping experience for many people.The Grande Marina will host the premium retail outlets and leading brands inviting the highest footfall at state of the art commercial project. By investing in previous Grande projects our esteemed clients have earned remarkably high return on their investments and enjoying international standard lifestyle.

Perfect Location

  • 5 minutes from main G.T road Rawalpindi
  • 10 minutes drive from Islamabad Expressway
  • Highest footfall and busiest road
  • Close to renowned food outlets and restaurants
  • Accessible to famous landmarks of Bahria Rawalpindi
  • Surrounded by green spaces
  • Roof top restaurant
  • River view location
  • Located on the 120ft wide main boulevard
  • Bahria Enclave head office is at walking distance
  • International Standard School & Hospital are inside the Bahria Enclave
  • Cinegold cinema is on walking distance
  • Few seconds walk to McDonald and restaurants
  • 5 minutes’ drive to zoo
  • 20 minutes’ drive from Serena Hotel Islamabad
  • 10 minutes’ walk to Grand Mosque of Bahria Enclave
  • 100 feet wide roads, landscaped with Green Belts & Footpaths

 

Top of Line Features

Having beautiful alleviation coupled with stunning interior, beautiful lobbies and luminous corridors makes the Grande Marina an outstanding structure. The Grande Marina is equipped with top of the line features which include beautiful view, wide glass windows and best ventilation system. Other amenities include as following;

  • Round the clock electricity
  • Fabulous office spaces
  • Vigilant security system
  • Exceptional Finishes
  • High End Digital Cabling for internet
  • High speed elevator
  • Earthquake resilient structure
  • Highly safe and secure with firefighting system
  • Building maintenance by the company

Luminous and Refreshing Interior 

Inspired by Greek architecture The Grande Marina is atrium based design building making the interior luminous and gleaming while maintaining a visual link with outdoor natural environment. Beautifully designed inside staircase surrounded with plantation and garden all around creates a refreshing green ambiance inside the building. Wide radiant glass windows give awesome river and lush green spaces view to enhance the aesthetics inside and out.

A Prestigious Business Address

Grande Business Center will host leading brands, retail outlets and multinational companies. It can be animpressive professional address for your successful business and corporate office as well. Situated within the secure and beautiful gated community of Bahria Town; GBC is best for IT companies, marketing firms,and fashion and food franchises, multinational and local companies.Be the landlord of your own commercial space and possess a prestigious business address at GBC.

Earthlink; Developer of Grande Marina

Earthlink, a multi-dimensional real estate development, brokerage and construction company is rendering expert services since 1984. Luxurious yet affordable projects have been launched by Earthlink during the last few years; some of which are The Grande I, II, III and The Grande Business Centre. Over the course of years, Earthlink has become leading and credible real estate developer. Hence, the mission of the company is to be the full-service commercial and residential real estate developer of choice for national, corporate vendors while building beneficial environments and maintaining lasting relationships. Earthlink Real Estate aims to establish high standards of services, in order to prolong the life of the properties and projects maintained.

 

ANARGALI: A Whole New Opportunity for Investors & Women Fashion Shopping

Anargali is going to be the lavish shopping experience for women and families of Bahria Town, DHA and twin cities of Rawalpindi and Islamabad. There are dozens of beautifully designed shops on ground floor of The Grande, civic center located at the highest foot flow area opposite to famous cash & carry. If you are an ambitious and creative minded lady then this is an excellent space to startup or grows your fashion business. It can be cosmetics, jewelry, garments or textile outlet. Purchasing a designer shop here at The Grande Civic Center will be a great investment for your family and a secure financial endeavor that will give you highest Return on Investment. Earn a great rental income on monthly basis by becoming the landlord of the fabulously designed shops where we welcome footfall of thousands of clients. Like our previous Grande projects this project will also be well maintained by the professional team of Grande Facility Management.

Opportunity for Women Entrepreneurs
The Anargali is going to become hub of luxury women fashion shopping inside gated community of Bahria Town because a rise in the population of working women, who are confident as well as financially independent, is one of the main factors of growth in women’s fashion accessories. Apart from this, a tremendous exposure to international trends in Pakistan has furthered this trend of stylizing clothes with accessories. This increased exposure has consequently led to an increase in demand for these products – whether through the global brands or domestic brands. This is supported by the fact that Pakistan is one of the most rapidly developing economies in the world. With the entry of several foreign brands and large chains in the fashion accessory industry has made the market more organized, leading to higher standards of distribution and marketing and improved levels of quality, product designs and services offered. And it’s not just international brands. With a growth in demand, several domestic brands have been able to gain a strong share in the market, with their ability to offer high-quality fashion accessories as at reasonable prices viz viz international brands.

About Grande Civic Center
The Grande Civic Center is perfectly situated inside the gated community of Bahria Town which is a symbol of eminence and quality living. The Grande Civic Center is launched after massive requirement of luxury units and interestingly the rates and value of the project is increasing with the amplified demand of property and number of residents in Bahria Town. The units at Grande Civic Center are high in demand; book your unit today for a profitable investment. Earn highest return on investment by investing in The Grande on affordable rates and convenient installment plan.

Best Location & Surroundings

  • 15 minutes’ drive to signal free Islamabad expressway
  • 10 minutes to main GT road Rawalpindi
  • Famous food outlets and banks on walking distance
  • 20 minutes to Saddar Rawalpindi
  • 5 kilometers to Bahria Corporate office
  • Greatest footfall location

Amenities of Grande
• Beautifully designed reception area
• High speed elevator
• Earthquake resilient structure
• Highly safe and secure with firefighting system
• High quality finishes and appliances
• Designer fitted kitchens
• Energy Efficient electricity appliances
• Imported fittings and accessories

Earthlink Celebrating 15 Years of Success

Synonymous with highest quality property solutions, Earthlink Real Estate is a pioneering property developer that has been at the forefront of Pakistan’s real estate industry, for the past 15 years. Earthlink is constantly functioning with a cohesive unit of top industry professionals and experts to create world-class, luxurious multi-storey Real Estate projects. Earthlink has over the years garnered the trust of thousands of investors and clients across the nation. With proven excellence in the industry, the trendsetting property developer has successfully completed an array of high-end real estate projects in various strategic locations equipped with best standard amenities and services.

Every year has been marked by continuous struggle to bring more innovation in our services to bring best property solutions for our esteemed customers since April 2004. Higher return on investments and satifisfaction of our valuable investors and clients is a source of pride for Earthlink Developments.

Earthlink inherits its vision for building marvelous projects that has been transforming and elevating Pakistan’s residential and commercial landscape. Working towards the sole aim of developing better living environment and providing best business oriented atmosphere, Earthlink offers a comprehensive range of services that cover every aspect of building a property from scratch. The company offers solutions for every stage of the building process – from conceptualizing designs to developing architectural marvels, obtaining valid NOCs, turning of the first shovel of soil and finally to the construction of The Grande Projects.

The successfully delivered projects of Earthlink include;

  1. The Grande-I located in Phase-2 Bahria Town, Rawalpindi
  2. The Grande-II situated facing the beautiful park of Phase-3 Bahria Town, Rawalpindi
  • The Grande-III located at highest foot flow area of Civic Center, Bahria Town
  1. Grande Business Center (GBC) strategically situated at safe area of Bahria Enclave Islamabad.

Upcoming commercial projects providing hi-tech business endeavors for retailers and brands in twin cities of Rawalpindi-Islamabad are;

  1. The Grande Marina at busiest road of Phase-4 Bahria Town
  2. V8-It’s A Mall will be a prestigious business address adjacent to DHA Phase-1
  • The Grande Fashion Avenue is a brilliant conceptual project that will be house to the elite community of Pakistan

Earthlink is known as the most credible and trustworthy agency as all the projects are delivered on time and hold valid NOCs by competent authorities. At our corporate office we have highly qualified legal team which ensures safe and secure investment to our clients.  We take pride that our investors have attained highest profits and enjoy the best luxury living in our projects.

Building on our success, we look forward to a new era of growth as we develop more projects and fulfilling the growing needs of our valuable clients at local and international levels. Furthermore, we will continue to pursue new investment opportunities that maximize value creation for our stakeholders and clients.

Earthlink Developments continues to prosper by catering to the requirements of a new generation of property buyers and investors while helping to shape the Pakistan’s urban transformation.

 

Make Your Home Energy Efficient

Pakistan is facing severe energy shortage and therefore energy should be utilized very smartly in homes. As the electricity produced in our homes comes from limited resources that we have to pay for, and will ultimately run out of if we don’t utilize it responsibly. Becoming more energy efficient isn’t just for those of us who want to save the environment. Being energy efficient can really help your wallet. Whether it’s something as big as installing solar panels or something as small as turning off the lights, when you cut back on how much energy you use, you save money. There are many steps you can take to make your home more energy efficient. Some energy-efficient changes are one-time investments. Others are things you can do every day! Realize, though, that you don’t have to follow every step to be energy efficient. Even if you only implement two or three of these changes you will be saving energy, money, and the environment too.

Insulate your home

This measure requires extensive planning and is best done when constructing your home. Installing double-glazed windows and wall insulation in your home will help it maintain a comfortable temperature for a longer time and cut down on cooling and heating costs significantly. This might be cost-intensive at first, but will pay for itself in the long term. It’s important to make sure your house isn’t releasing too much air-conditioned air during the summer or heated air during the winter. If you have cracks in the frames of your windows, under your doors, in your houses basement or foundation, in the attic, or anywhere else in your home, you may be leaking electricity and money. Have a contractor inspect your home to determine whether additional insulation may be needed.

House orientation

The site orientation needs to be decided by an expert architect in order to utilize maximum benefit of sunlight. The decision is taken depending on location and environmental conditionals of the area. Similarly, room orientations save energy too. Rooms facing east receive sunlight during morning and are cooler in the afternoon; ideal for kitchens and bedrooms. West-facing rooms should be avoided for these purposes.

Rooms facing south receive sunlight during most of the day; making these ideal for living and dining rooms. Garages, bathrooms, and laundries do best with north-facing rooms as these receive low sunlight.

Ventilation systems

A well-designed ventilation system does not only add to comfort of the residents but prevents overuse of electrical appliances for heating and cooling. Home designs are planned to ensure healthy natural ventilation, but it is not as effective nowadays. The reason is the use of heating and cooling systems requiring to keep homes closed off and changing environmental conditions. This is why spot and whole-house ventilation systems are implemented to make homes better at conserving energy.

Keep the water heater on pilot or at a lower setting

Whether your water heater/geezer runs on gas or electricity, it can consume quite a lot of energy due to its constant running and need to maintain the set temperature. You can reduce this energy by keeping it running on the pilot setting or keeping the thermostat at warm rather than hot, depending on the settings your water heater has. You can also make it more efficient by adding an insulator layer, which will maintain the set temperature for longer without consuming excess energy. Older tank-style water heaters use a lot of energy keeping the water in the tank hot. In fact, your water heater may account for up to a quarter of your energy use. To reduce the amount of energy your water heater uses, set the temperature of the water to 120 F (49 C). Don’t set your water heater any lower than 120 F (49 C), as this can allow dangerous pathogens to thrive in your water tank. You’ll save energy by turning down the water heater regardless of whether you have a gas or electric appliance, because it requires a lot of energy to produce the gas you use in your house. You can also make your water heater more efficient by covering it with an insulating blanket, and by adding insulating sleeves to the pipes.

Update your appliances

Older appliances were not manufactured with energy consumption concerns in mind and use outdated technology which pulls a lot of electricity. We all have those chunky appliances lying around handed down by our parents, but it might be time to update them. Most companies today make energy saving a top priority when manufacturing appliances, and compressors, in particular, have become much more efficient without taking up too much energy. Earlier domestic devices tend to use a lot more energy than modern ones, and energy-efficient appliances will use the least energy possible. When it comes time to replace old appliances, look for the Energy Star rating or another energy-efficiency seal of approval. Energy Star appliances use up to 50 percent less energy and water than their traditional counterparts.

  • Front-loading washing machines are more energy-efficient than top-loading ones
  • Refrigerators with the freezer on top or the bottom are more energy-efficient than side-by-side refrigerator-freezers
  • Stoves with ceramic induction cook tops are more energy-efficient than traditional range cook tops
  • Thankless on-demand water heaters are much more energy-efficient than tank-style water heaters

Use extension wires for appliances

It has been estimated by experts that appliances that are plugged in use up to 75% of their energy consumption when they are not in use. This is a worrying figure for both your bills and the environment, so measures need to be taken accordingly. What you can do is plug your appliances into smart power strips, which can cut off their energy absorption with the click of a button. This will help save a significant amount of energy and you will also see the difference in your bills.

Switch off and unplug chargers when not in use

One thing most of us are guilty of is leaving chargers on for prolonged periods of time. When you’re done charging your devices, switch your chargers off and unplug them. Even if they’re off and plugged in without the device attached, they continue to consume electricity.

Turn lights off or get automated lighting systems

Make it a habit to switch lights and fans off as you leave a room. Leaving unnecessary lights on around the home is a needless waste of energy and can inflate your bills if it happens regularly. Instill the habit of switching electronics off as you leave the room in yourself and your whole family, so that all of you play a part in making this country and this planet a better place to live for generations.

Use energy-efficient LED bulbs

Lighting consumes a surprising amount of energy in the home, no matter what wattage it is. These days, the conventional fluorescent bulbs and tube lights are used less and less in home construction, which is an encouraging sign. LED bulbs consume as much as 80% lesser energy than fluorescent bulbs, so they are the obvious choice. If you get these lights from reliable companies, they will also last as much as three to 20 times longer than conventional light bulbs.

Use more natural lighting.

Do you tend to keep the curtains and blinds closed and flip on the overhead lights? Letting your house flood with natural light instead can lead to big electricity savings. Unless you need strong, focused light to complete a particular task, try leaving the lights off during the day and embracing the sun’s rays in the rooms you’re using. Try to set up your family’s daytime work and play space in the brightest room in your house. That way everyone can read, work on art projects, use computers, and so on without relying on artificial lighting. Use light-colored curtains and blinds as window coverings. Find coverings that provide privacy but still allow diffused light to flood your rooms.

Plant a tree

Outside your home, plant deciduous shade trees in your yard on the side of your house that gets the most intense sun during the summer months (usually the side with the western exposure). The tree and its leaves will then provide shade during the hottest time of day and naturally help to keep your home cool. In winter, when the tree will be bare, it will allow warm sunshine into your home during the most optimal time of day.

 

 

 

 

 

 

 

 

Latest Property Reforms & Taxation in Pakistan

Previous Government’s Tax Amnesty Scheme

The measures for real estate sector in the tax amnesty scheme was commenced by previous government introduced under the budget for 2018-2019. This move had been undertaken by the government to widen the already narrow tax-base, but many believed this won’t be able to achieve its desired outcome. The very basic purpose of the scheme was that the beneficiaries of the scheme who will declare their assets or income, they cannot not be asked about the source of the income that was used to create these assets. This was the basic purpose of the scheme. The problem is that in an ideal world, there should be no need of such a scheme where every taxpayer tells their real income and assets but practically we have a large undocumented sector about both, the domestic assets and the foreign assets. Therefore, the very basic purpose of the scheme was to give one opportunity to the people so that they could once declare the things that they did not mention in their tax record and so regularize so that they could save themselves from any kind of consequences. As per the tax amnesty scheme; the governments can take-over a property within six months of its registration by paying 100 percent over the registered price from the start of next financial year. This presumes no person would be registering their properties at less than 50 percent of its market value. Few analysts predict that this move would enable to document the economy and bring about a revolution in the real estate sector besides creating legal wealth in the country.

Need of Real Estate Taxation in Pakistan

In an ideal situation, within developing countries, the revenue contribution from property tax should have a share of one per cent or more in the GDP; while developed countries have a share of two per cent. Western European countries, United States, Canada and Australia on average collect property taxes close to two per cent of their GDP while various transition countries in Central and Eastern Europe and former Soviet Republics revenues from PT represents close to one per cent of their GDP.

In reality, real estate taxes in developing countries often yield under 0.1% of the GDP, and rarely more than 0.5%. But they can be more than 50% of local government revenues. While the potential of real estate taxes to strengthen national revenues is limited, the potential to finance improved local government services – local and government accountability and governance – is considerable. Many developing countries (including Egypt, Namibia, and Vietnam) have consequently embarked on real estate tax reforms. Thus, if Pakistan employs this tax revenue effectively within each respective provincial domain then there’s a chance that it can expand the overall tax base in the country.

These taxes can be used to produce advantageous results that can be used to finance services that would improve the property values and seen as a medium to pay for various services like local roads, sewerage, refuse collections etc. The efficiency of real estate taxes appeal to the location specific attributes that provide a relatively immobile tax base, less vulnerable to tax competition than others. With lower rates the inefficiencies from marginal increases are likely to be modest and their progress arises from the positive correlations between property ownership, income and wealth. Pakistan’s progress has been sluggish and incoherent and the latest reforms introduced have been largely difficult to administer. This can be ascribed to the fact that as with any economic agent, property tax is costly to administer in an effective way as the cost of maintaining a full roll of liable taxpayers and an effective system of valuation and revaluation are expensive. Secondly, as with many other taxes, property tax is hugely unpopular with taxpayers and elected local politicians in Pakistan. The ongoing trend reveals that realty sector in different cities such as Lahore, Gujranwala, Karachi and Islamabad are moving close to stability but this has been at a slow pace. However, with new tax regimes in place the effects are yet to be realized throughout the economy. Overall, with the increase in tax rates and the imposition of newer taxes, the costs for the firms would go up and hence cause an overall shift in the markets. Albeit the new tax regime introduced by FBR and proposals for the local governments seems to be counter-productive as a way of essentially declining transactions, however, in the long run they should be welcomed because as prices fall, the trading activity will eventually increase.

Real Estate Taxation under Budget 2018-2019

The Federal Budget 2018-19 seeks to institute tax reforms in the real estate sector. Widespread tax reforms have been envisaged for streamlining the issues related to the real estate sector. Property transactions shall be recorded at the value declared by the buyer and the seller. Property rates notified by Federal Board of Revenue (FBR) for the purpose of collection of taxes on sale purchase of property and DC rates are to be abolished. At the federal level, a one percent adjustable advance tax from the purchaser on the declared value shall be collected and this tax shall replace the existing withholding tax on sellers and purchasers of property.

Non-filers shall not be permitted to purchase property having declared value exceeding 4.0 million rupees. Provinces shall be requested to abolish the provincial rates for the collection of stamp duty commonly known as DC rates and to collect a total of 1.0 percent tax under stamp duty and capital value tax on the value declared by the buyer and the seller of property. In order to deter under-declaration and consequent loss of revenue, FBR shall have the right to purchase any property within six months of registration by paying a certain amount over and above the declared value which may be 100 percent in the fiscal year 2018-19, 75 percent in the fiscal year 2019-20 and 50 percent in the fiscal year 2020-21 and thereafter. In order to implement the above measures, enabling provisions shall be incorporated in the Income Tax Ordinance, 2001. Detailed procedure and the date of coming into force of the above measures shall be notified later.

Establishment of DG Immovable Properties

Federal Board of Revenue (FBR) on 30th November 2018 notified establishment of Directorate General Immovable Properties-IR in order to check valuation and tax evasion in property transactions. The FBR said that in pursuance of section 230F of Income Tax Ordinance, 2001 (inserted through Finance Act 2018) a new IR field formation namely DG IMP has been raised. The said section also provides definitions for all implied terms and expressions, the scope, operational mechanics and procedural parameters of this newly created tax authority and above all contains clearly spelled grievance readdressal mechanism for the aggrieved taxpayers. According to the notification by FBR the directorate shall consist of a Director General (DG) and as many Directors, Additional Directors, Deputy Directors, and Assistant Directors who will initiate proceedings against those people who will not disclose the purchasing and selling rate of their land. The Directorate General IMP-IR shall comprise of DG IMP based at Islamabad and 03 Directors IMP-IR i.e.; Director IMP-IR North, based at Islamabad, covering KPK, ICT and Civil Division of Rawalpindi, Punjab province and Director IMP-IR Central, based at Lahore, covering the whole province of Punjab except civil Division of Rawalpindi

Real Estate Investment first choice for Overseas Pakistanis

Real estate is calculated a vibrant and lucrative sector for many prosperous as well as middle and lower-income groups.Over the years, it has experienced capital inflows from a diversity of investors, both local and overseas, which has resulted in a mushroom growth of real estate agencies and agents due to the low skills required for brokering and sales. Overseas Pakistanis are one of the key asset & investors for Pakistan’s economy and the main source of foreign direct investment in Pakistan. Real estate is obviously the first choice for investment in Pakistan by overseas Pakistanis. Remittances from expats not only play a major role in overall country economy but also improve buying power of many families back here in Pakistan. Once a Pakistani,always a Pakistani. Most of us cannot remain disconnected from homeland,especially when it comes to politics and real estate investment.

Let me highlight the potential of South Zone of Rawalpindi/Islamabad; the G-T Road Rawalpindi which is South of twin-cities, at its westerly direction lays a vast tract of land which is located in between M2 Motorway and GT road which starts from Rawat and ends at Tarnol/ Wah. Posh gated communities like DHA, Bahria Town are the first choice to reside here as these societies provide the international standard services and amenities to their residents here. There is a great potential for high rise buildings and commercial one stop branded outlets shopping malls. This area is highly significant in socio-economic context due to the abundant road network and its close proximity to supporting infrastructure for CPEC. Its location and linkage with CPEC (the Road to Future of Asia) has tremendous potential for growth. This Zone is becoming the hub of economic activities and can become the Centre of Gravity of major national and international economic activities in near future only if we regularize property and create an environment of investment here. In fact, it has already exerted a population and economic pull which now is the center of attraction for developers and international investors. Regularizing and developing proper rules and by laws for high quality commercial real estate projects on this belt will not only generate economic activity but also create job opportunities in an efficient way. There is a dire need that credible local real estate developers are encouraged and facilitated in high standard real estate development which attracts international investments. Real Estate developments on G-T road are highly beneficial for overseas Pakistanis, which are serving as a real asset for the country by sending their valuable remittances. Earthlink Real Estate is the most credible developer of Pakistan and overseas investors have earned highest returns on their investment at our renowned projects The Grande, which have become the fastest selling luxury real estate brand in Pakistan. An upcoming project on G-T road Rawalpindi of superior standard is going to be the most lucrative and secure investment for our valuable international clients.

Grande Business Centre; Ultimate Gateway to Successful Business

About Grande Business Centre
Grande Business Centre (GBC) aspires to be the progressive commercial real estate development at Bahria Enclave Islamabad. GBC is a spectacular architecture offering high standard business and corporate office spaces to enhance your business and investment endeavours. The Grande Projects are equipped with all the luxuries and comforts. It is contemporary in design with high quality finishes and fixtures. Located in the commercial hub near to Bahria head office and having scenic view of lush green spaces enhances the aesthetics and beauty of The Grande Business Centre hence making its units high in demand.

Fabulous Investment Opportunity!
For those who have great dreams with futuristic vision, GBC will make their dreams reality on the soil of most prestigious society of Bahria Enclave. The Grande Business Centre is a marvellous architecture offering high standard business and corporate office spaces to enhance your business and investment endeavours. Brilliantly designed corporate office spaces and commercial units are strategically designed for your rising business and financial empowerment. Grande Business Centre (GBC) is the right place where you can make your business succeed by becoming the owner of your own office and business outlet. Investing in commercial units at GBC is best for greater return on investment coupled with higher rental yield.

A Prestigious Business Address
Grande Business Centre will host leading brands, retail outlets and multinational companies. It can be an impressive professional address for your successful business and corporate office as well. Situated within the secure and beautiful gated community of Bahria Enclave, GBC is best for IT companies, marketing firms, and fashion and food franchises, multinational and local companies.
Be the landlord of your own commercial space and possess a prestigious business address at GBC.

Astonishing Interior
Having an astonishing entrance, reception area, and corridors welcomes you and your esteemed visitors with stunning ambiance in a pleasant style. The reception area is coupled with beautiful and comfortable waiting area for visitors. It is contemporary in design with some traditional elements incorporated in it. Luminous interior with modern appliances, finishing and fixtures coupled with wonderful furniture makes it distinct and luxurious project.

Spectacular Office Spaces
Beautifully designed corporate office spaces are designed for your rising business and financial empowerment. With concealed-wiring and energy efficient lighting as just some of the inclusive features, the offices are spacious. With ample luxury and contemporary interior furnishing and design, the owners will have the liberty to work in the comfort of world-class facilities. Office spaces with an exclusive bedroom area is perfect for multi-national, corporate companies, business workplace etc.

Modern Amenities, facilities & 24/7 Security
The Grande is strategically designed to offer you an array of wholesome experiences. With the cutting edge technology, providing security, convenience and comfort is a key driver of high quality work. The security system at The Grande has multiple features that makes living safe and secure. Vigilant security cameras, alert guards and  24×7 monitoring system of the premises, protect life and property of owners and visitors alike.
Distinct features of The Grande Business Centre include beautifully designed reception area and lounges; high speed elevators; earthquake resilient structure; highly safe and secure with fire fighting system; high quality finishes and appliances. Ideally located in the heart of the Bahria Enclave GBC is equipped with the high tech facilities and amenities.

Units are limited in number and selling like hot cake because it is in the commercial focal point of Bahria Enclave which has highest foot fall so contact us now to lock your office or shop.