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