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.

Future of DHA Islamabad; The Eminent Living in Twin Cities

  1. Islamabad being one of the strategically planned cities with breath taking sites enjoys the status of second best city in the world. If you view the mega picture of twin cities of Rawalpindi- Islamabad (Please refer to Map-1) you will notice that:
  2. Let’s start with the Margalla Mountain Range, Margalla is a hill range that’s part of the lesser Himalayas located north of Islamabad, Pakistan. The Margalla Hills are situated at North and northeast side of Islamabad, high features of Murree and Abbottabad overlooking Islamabad are almostsaturated with multiple housing projectsto an extent that some projects are now extending to adjacent District Haripur in KP.
  3. Now coming towards the South of twin-cities, at its south western and 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. 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. Let’s call it SZ (Southern Zone)
  4. The South Zone will be the hub of economic activities in near future. A thorough analysis on SZ reveals that this zone will result in attracting investments with handsome returns because of the following major developments;
  5. The approval of RBP (Rawalpindi bypass) commencing from Rawat, which connects the strategically planned DHAI Phase 3 and Phase 4, Bahria Phase 8.
  6. The RBP links the DHAI and Bahria with the New Islamabad Airport which will be the center of international trade plus M2 Motorway.
  • Furthermore, SZ has the potential of expansion across the motorway which can further accommodate mega projects.
  1. In addition to this a well planned construction of Rawalpindi Industrial Zone stretched over 125000 kanals of land along Rawat Chak Beli Khan Road is highly substantial as it links the motorway.
  2. After analyzing the above developments in twin-cities it can be safely concluded that the SZ will be theCentre of Gravity of major national and international economic activitiesin near future.In fact, it has already exerted a population and economic pull which now is the center of attraction for developers and international investors.
  3. Very interestingly, over 100 large size housing projects have already been initiated in the SZ. Most of them are already approved by various Government agencies; however, many are still in the process of approval. The most high quality housing projects include DHAI, Bahria Phase 8, CDA Sectors, Mumtaz City and Top City etc. However, two competitive rivals DHAI and Bahria are still at the top as both are providing the luxurious living standard and good services to their clients/residents. Within these two rival partners, DHAI is considered most credible developer in Rawalpindi and Islamabad.

 

  1. Since its inception however, DHA Islamabad has been facing various allegations like delay in development of various phases such as DHAI Valley and DHA 2 extension etc. Having taken enough bashing by its clients, DHAI has now realigned its path to address these issues once for all. The organization has chalked out a comprehensive strategy to speed up all those projects which were running in delays. Presently, a prompt work is going on in DHA Phase 3, Phase 4, Phase 5 (Ex Commoner’s Town) and DHA 2 extension/DHAI Phase 6. In addition, a number of other up gradation projects are being implemented in already developed sectors in Phase I and 2.
  2. Due to ongoing rapid development activities I believe a new Serene Islamabad 2 is coming up in the shape of DHAI and Bahria Phase 8 combined……..(Please refer to Map-2)
  3. DHAI Phase 1

(1) A quick work is seen on Phase 1 bypass linking DHA Phase 4 directly with GT Road. This main entry will connect Askari 14 and Adiala road as well as Bahria Phase 8 which is already linked with DHA Phase 3. All these areas will be further connected with upcoming Rawalpindi bypass and onwards to M2 and Islamabad airport. Bahria has already started purchasing additional land to expand Phase 8.

(2)  Much needed commercial units are coming up in Sector A and soon a number of commercials are being launched at the entrance of Phase 1 adjacent to Sector B 1. One sector commercial is already completed in Sector E.

(3) Missing aesthetics are being addressed at priority and an impressive Green DHA is seen with additional parks, plantation and parking.

(4) Defence Villas Phase 2 are being launched during this year.

(5) This Phase has exhausted investment opportunities in residential plots but in case of commercial it still has plenty of potential.

  1. DHAI Phase 2

(1) Askari 15 has been launched in DHA 2.

(2) World Trade Center is almost completed attracting a sizeable commercial activity.

(3) A number of attractive recreational projects have been completed in state of the art Jacranda Family Club which has added to the family life of residents.

(4) DHAI has also initiated its own education system starting from DHAI 2 and is being extended to other sectors.

(5) Aesthetics are being improved at par with Phase 1. A massive plantation drive is currently ongoing in all sectors.

(6) The world class McDonald is already inaugurated.

(7) The most impressive part of Phase 2 is up gradation of GT road to 8 lanes and a beautifully designed fly over connecting Phase 2 with Phase 5 over signal free Islamabad Express Way is in in final stages.

(8) In next two years this phase still holds 10 to 20 % space in profit in residential units but about 20 to 25% in commercial units.

 

  1. DHAI Phase 3

(1) A rather delayed project of Phase 3 has now picked up great momentum. This phase is going to be flag ship project of DHAI in terms of its size, its location and its connection with RBP (Rawalpindi bypass). Its main entry is opposite World Trade Centre on GT road and it is being extended to RBP.

(2) Zone 5 to 9 of Bahria Garden City has already become part of this phase. Renaming Garden City is renamed as Bahria Oriental Garden.

(3) A rapid earth work is ongoing which indicates a desire of DHAI to complete initial sectors in about 18 to 24 months.

(4) Phase 3 has bigger space in terms of return up to 50 to 55% in next 3 to 4 years.

  1. DHAI Phase 4

(1) Located on the bank of River Soan on high features opposite Bahria Intellectual Village with great scenic view has made this Phase attractive for those who desire to construct their homes in relative quiet, higher and beautiful location.

(2) It was previously known as DHAI Phase 1 Extension but now renamed as DHAI Phase 4.

(2) Askari 14 and Garden Villas Housing Society located on Adiala Road have already been merged in Phase 4. This connection has provided an entry/exit to this phase to Motorway through Adiala Road.

(3) It will be linked with Bahria Phase 8 and onwards to DHAI Phase 3.

(4) Although this Phase is developed up to 50% so far but due to its scenic location it still hold space for return up to 30 to 40 % in next 2 to 3 years.

  1. DHAI Phase 5

(1) Previously A to J sectors of Phase 2 was covering an area between GT Road and remaining sectors were in North of Islamabad Expressway. Now Phase 2 is limited to sectors A to J only and sectors K to Q have been renamed as DHAI Phase 5.

(2) A flyover over signal free eight lanes Islamabad Expressway has made it attractive for those whose activities are biased towards Islamabad.

(3) Except some portion of Sector G (previously Sector P) possession of plots is being given.

(4) It is being further linked with DHAI 2 Extension/ Phase 6.

(5) A beautifully designed Central Commercial on the lines of Blue Area Islamabad is likely to be launched during this year.

(6) Almost all sectors of this phase are matured except G and Riverview. In both these sectors probability of return is 20 to 30 % in next two years

  1. DHAI Phase 2 Extension (Likely to be renamed as Phase 6)

(1) After considerable delay good pace of development work on initial four sectors (A to D) has started.

(2) It is to be linked through Phase 5 with Islamabad Expressway and Road KahutaIslamabad as well as with DHAI Valley with a bridge with Bluebell.

(3) Future residents of this phase and DHAI valley will be lucky to reside in the surroundings of Dadocha Dam. Space required for construction of Dam has been identified and feasibility report is under preparation by Govt of Punjab.

(4) This Phase has a cushion of almost 50 % of return but during next 4 to 5 years.Those who are frustrated and holding on their plots must continue to hold.

  1. DHAI Valley

(1) Of all the projects of Valley has been most controversial project of DHAI. It almost became a stigma for DHAI.

(2) Land acquisition issues, delay in feasibility report by Government of Punjab for Dadocha Dam, its linking with DHAI Expressway, issues between DHAI and Bahria are main reasons for delay of this project.

(3) Almost 650 DHA Homes are ready and being handed over shortly.

(4) Work on many sectors is going on but pace is not impressive.

(5) Due to distant location of valley the expected rise in return is 15 to 30 % in next two to three years. However, holders of plots must not throw away their properties in frustration as having sold these low cost properties they don’t have any other option in any other place with this size of amount.

  1. Pivotal Location of Bahria Phase 7, Phase 8 and Garden City

(1) By any standard Bahria Phase 7, Phase 8 and Garden City are part of upcoming DHAI City. All these sectors of Bahria are almost developed over 90%.

(2) This phase of Bahria though is temporarily slow in investments but due to its pivotal location in between DHAI Phase 1, Phase 4 and Phase 3 it will rise at par with other sectors of DHAI.

(3) A sizeable portion of additional land is also being acquired by Bahria on either side of RBP to maintain and keep its importance,

(4) Bahria is now ideal place for construction of homes/ residential/ commercial units as its prices are at the lowest. However, Bahria is expected to gain soon at par with DHAI.

  1. The Final Word is that DHAI combined with Bahria phases 7 and 8 with their rapid development of projects has challenged the quality of living in expensive sectors and prices in Islamabad. In times to come, DHAI combined with Bahria should occupy an important place with their high quality infrastructure as well as secure gated community in Islamabad. Nonetheless the investors must not expect overnight return in properties as rise in return will accelerate with other upcoming projects by CPEC ………

As growth will take place with increase in need of housing.

 

DHA Map 1

 

DHA Map 2

DHA Map 3

2017 Real Estate Trends in Bahria Town

  1. Bahria Town Rawalpindi Phase 1 to 6
    Rates of property got stagnant in 2016 however, in 2017 plots and houses prices jumped to superior level. Shifting to Bahria Town Rawalpindi was the best solution for large number of families during the extreme hot weather and worse load shedding during this year’s summer. Because of this phenomenon Bahria Town in Rawalpindi experienced rise in rental prices of residential units including houses and apartments in different phases. The Phase 1 to 6 Bahria Town got densely populated by 300 plus families 60 % of them living on rent in houses and apartments generating the increased demand of units. New luxury apartments and commercial projects were also initiated in this region hence welcoming the investments from local and overseas Pakistanis. Moreover, Bahria Town Phase 1 to 6 experienced 65% of construction of new houses. Very limited residential plots which are around 20% are left in this part of the city leading to 10 to 15 lacks of price lift.
  2. Bahria Phase 7 & 8 Becoming Home to Brands
    Now coming towards the Phases 7 & 8 of Bahria town Rawalpindi right on the scenic view of Sawan River where many new developments took place in 2017. Bahria Town authority gave possession of residential plots in various sectors of Phase-8, completion of road networks and provision of electricity was achieved, more than 50 % of new houses construction work was initiated coupled with the start of few commercial projects as well. Bahria Town Phase 8 witnessed more than 80% of construction of commercial and residential buildings. Large number of roads and infrastructural development plus provision of facilities was completed by Bahria Town Authority in various sectors of Phase-7 & 8. Bahria Town Phase-7 have become a hub of best international and national brands, Pappasallis, Pizza Hut, Johny Rockets Burger, Roasters, Texas Steak House, KFC, Diva, Kallisto and lots of other food outlets are opened in Phase-7. Plot prices in many sectors of Phase-7 & 8 have risen to almost giving profit of more 6 to 15 lacks plus to many investors of this part of city. From 2014 to 2016 the 5 Marla residential Plot price in Phase-8 was dormant to maximum of 15 lacks whereas in 2017 it is being sold at the rate of 20lacks plus.
  3. Bahria Enclave Islamabad
    Bahria Enclave Islamabad has launched mega apartments and commercial projects in different locations which have brought a new trend in the luxury market of real estate in the history of Islamabad. Provision of possession of large number of plots coupled by the new cutting and development of plots in Bahria Enclave escalated the rates of property there. A large number of energy efficient houses and villa projects are completed and are in the phase of completion. The 5 Marla residential plot in Sector B-2 of Bahria Enclave was having the worth of 36 lacks in last two years and this year the price has jumped to 45 to 50 lacks depending on location and category.
  4. Bahria Town Karachi
    Because of the wonderful and innovative real estate landmarks and international standard amenities, Bahria Town Karachi remained the most popular society on the online searches in 2017. 125 sq yard plots were traded like hottest properties because Bahria Karachi probably won’t come up again with this plot cutting. Despite a huge demand of these plots which are available in 16 precincts, prices are still affordable. 250 sq yard plots come next on recommendation list which are located in 8 different precincts. Development of these plots is almost near completion (90%), so it is going to be a preferred choice of buyers in 2018. Bahria Sports City, the biggest project of Bahria Town Karachi, is witnessing massive trade of its plots. This trend will keep on for upcoming months as plot prices here are still in range. Bahria Golf City is another project of Bahria Town Karachi where buying time remained at its peak. Midway Commercial remained on top for the sale and purchase of commercial plots. Many new plot cuttings and planning of commercial projects were initiated in 2017 which are the best options to invest at Bahria Town Karachi.

Progressive Real Estate Developments in 2017

2017 has ended with many new developments, progress and shifting trends in real estate industry of Pakistan. The real estate sector in Pakistan is a significant sector of the economy. Pakistan spends about $5.2 billion on construction annually and construction output accounts for 2 percent of GDP. Despite the real estate market in Pakistan enjoying an optimistic trend for the last four years, the market cooled down in 2016 because of the new tax laws. Capital gains taxes, stamp duty, registration fees, and advance taxes were all revised upwards. In reaction to this incident consumers responded to major tax upheavals by buying smaller, more practical properties with energy efficient features to cut down on running costs .However, in 2017, investment in residential property increased by five to seven percent significantly in posh areas of major cities including luxury properties and gated communities. Many new trends and following progressive changes witness that Real Estate market in 2017 set to enter in sustainable growth phase in Pakistan.

Digitalization of Real Estate in 2017
2017 witnessed the largest dependency on digital tools and social medium for marketing, property search, selling and purchasing of property in Pakistan. The most popular online mediums used for selling and purchasing of properties in Pakistan this year included Zameen.com, OLX, booking.com, Trovit, meraghar.pk A large number of Real Estate companies have enhanced their social media presence to increase their reach to clients and customers nationally and internationally. On the other hand around 80 % of buyers were able to find their desirable property by using various online portals and Facebook pages. Many new online property portals are launched in 2017 and many new are in the phase of launching. While many companies still discuss innovations in the property industry and the significance of digital transformation, others have already started their implementation. And while many look at incremental innovations – e.g. increasing performance or reducing costs – others are in the process of fundamentally changing the business processes. The digitalization of real estate in Pakistan is changing the entire market trend and taking in a positive direction which is bringing more transparency as the buyer is able to do a comparative market and product analysis. Moreover, the data being gathered on search engines and various online channels is giving a clear picture of real estate trends and statistics which was impossible to record few years back.
The data generated from a variety of sources have the potential to facilitate major progress across the entire real estate sector – optimization, rationalization, dissemination of information and collaboration, ensuring that management and exploitation are as effective as possible.

CPEC Development is Heightening Real Estate in Pakistan
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 2017. 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.

This year was a year with both negative and positive developments; however my focus was only on few positive aspects in this article. Real Estate is one of the most significant sectors in every country and Pakistan can make a lot of progress by making the best use of technology, innovation and creativity. There is a dire need that in the upcoming years more well educated and honest professionals contribute positively and this sector benefits every individual and family of our country.

Luxury Apartments Demand on Rise in Rawalpindi / Islamabad

 

The trend of buying luxury apartments has increased in Islamabad during last couple of years, primarily due to an increasing demand for secure, well-maintained and lavish units; it is therefore not surprising that between 2010 and 2016, apartment prices have increased.
Traditionally, apartment projects were mostly restricted to Karachi, as cultural preferences in Lahore and Islamabad were for horizontal residential projects. However, with the rapid urban sprawl, cities have become congested, land prices are going up, and the apartment living trend is swiftly gaining traction in these cities as well. In fact, in the last five years alone, the demand for apartments has gone up by nearly 30%, which has given rise to an increasing number of newly constructed high-rise luxury apartments in major areas of Rawalpindi and Islamabad.
There are approximately five thousand plus ready to move apartments available in Bahria Town phase 1 to 6 having about 60 % residents residing on rent here. Many luxury apartment buildings are in construction phase and few are in the planning stage. It is secure to invest in the luxury apartment projects in Bahria Town because of three main reasons; firstly, Bahria Town has very strict rules/regulations regarding the construction of safe and secure hi-buildings, secondly, the maintenance and development of roads, green belts, parks and other infrastructure is responsibility of the concerned authority, thirdly, residential units are high in demand and mostly occupied on rent as well as purchased. Moreover, the apartment’s buildings are being constructed by renowned and credible developers who provide excellent after sales services like maintenance and provision of facilities like, security, electricity etc.
Apartments are convenient to clean and maintain with few items of furniture. Apartments inside Bahria Town are highly secure and safe as the buildings have their own security system plus Bahria Town’s security on the roads.
Rents are soaring and demand for apartments is historically high in Bahria town phase 1 to 6, Construction of new multifamily units has been robust over the past five years, far outpacing that of single-family homes, but most of the product is in pricey markets and pricier neighborhoods, not in areas where demand is highest. That is because the costs of land and construction rose.
High rise buildings equipped with amenities and luxuries are in high demand within posh areas of major cities which is becoming a Pakistani urban trend and necessity. The best investment options for apartments are Bahria Heights, The Grande which is located in Phase 2, 3 and Civic center.