BEST REAL ESTATE DEVELOPMENT COMPANY IN TWIN CITIES

BEST REAL ESTATE DEVELOPMENT COMPANY IN TWIN CITIES

Pakistan has seen a mushroom growth of real estate companies in recent years due to the emerging trend of housing societies and the way people are getting inclined towards it. The reason being, finding a place that is secure and comfortable along with matching the modernized living standards that provide all the necessary facilities within the boundary wall. However, people often experience inconvenience while looking for the property, although more options are available. They suffer the un-professional workstyle or vague policies. Be it a modern design apartment or a shop. Therefore, people have become more conscious to avoid risk and make sure they undergo secure investment with the best real estate company. Hence, client satisfaction has become hard to achieve in the contemporary era.
Earthlink developments LLP is the best real estate development company in twin cities that has proudly gained client satisfaction due to the value-added policies and professional realtors, having sound knowledge of every aspect. They carry out informed and responsible dealing and have earned the title as the best real estate development company in twin cities.

EARTHLINK PROJECTS

Accomplished Projects

Earthlink has a 16-year career of development during which it has delivered amazingly done projects like;
The Grande I built in Bahria Town Phase II had a project life of 3 years and delivered in 2012.
The Grande II was successfully delivered in 2017 at a competitive location in Bahria Town Phase III.
Additionally, The Grande III is situated in Phase IV of Bahria Town and it was completed in 2019.
All of the delivered projects have the ideal locations with the modernized set of amenities and exhibit architectural panache. Not just that, but the projects have successfully proved to be secure investment ventures to all the clients.

Projects Under Construction

Being the best real estate development company in twin cities, Earthlink has established a competitive status in the market and achieved the credibility of its clients. Their faith added to the company’s confidence to explore new horizons. Therefore, the company, over the period, kept the foundation for many new projects exhibiting modern designs and emerging investment trends. All of these projects are under construction in different sectors of Bahria Town;
The Grande Business Center in Bahria Enclave takes the business to an entirely new level of excellence and expansion. It offers a reliable and secure investment plan to its valuable clients.
The Grande Marina in Phase IV is a commercially viable project equipped with all the eminent amenities.
The V8 Mall in Phase VII is the luxurious cum up-scaled project that offers everything in one place.
The Grande River Hills in Phase VII is a residential cum commercial project offering systemized facilities to its clients.
The Anargali in Phase IV is a landmark of innovation and inspiration, exhibiting modern designs and architectural goodness.

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National Assembly Approved Development of RERA

National Assembly Approved Development of RERA

National Assembly, on Tuesday, passed a bill called Islamabad Real Estate (Regulation and Development) Bill, 2020. The bill reasoned that the establishment of a Real Estate Regulatory Authority (RERA) is a necessity to regularize the real estate sector as the sector has great potential and proper regulations will result in receiving maximum benefits from it. The regulatory body will be helpful for all the stakeholders; buyers, sellers, builders, developers and tenants. It will ensure that the process of selling and buying properties is smooth, transparent and non-conflicting. Moreover, in case of having a dispute, the body will redress the complainers in the most legalized way. Also, an Appellate Tribunal will be established that will hear appeals made by people against the directives of RERA. The body will ensure transparency and accountability in real estate sector, thus resulting in countering corruption or malfunctioning. It will also help to configure fraudulent realtors and un-registered real estate companies that have been defrauding innocent people and has negatively affected the credibility and reputation of the sector that has great potential to boost up the economy.

https://earthlink.com.pk/how-real-estate-contributes-to-pakistani-economy/

The initiative of making a regulation body shows the government has realized the strength of real estate sector and the scope of benefits towards the economic state of the country. As according to a recent report by the Federal Bord of Revenue (FBR), under the Construction Relief Package and Amnesty Scheme for real estate sector, 127 projects were registered with tax department worthy of Rs 63 billion.

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GOVERNMENT ALLOCATES RS. 33 BILLION FOR AFFORDABLE HOUSING UNITS

GOVERNMENT ALLOCATES RS33 BILLION FOR AFFORDABLE HOUSING UNITS

Owing to the vision of providing affordable housing units to people, State Bank, as an executing partner with the Government of Pakistan and Naya Pakistan Housing and Development Authority (NAPHDA) has announced a mark-up subsidy package for those who are first-time house buyers. Through this facility, they will be able to construct or buy houses at a subsidized rate, read a statement by SBP.

The government has allocated Rs33billion as a subsidy for 10 years and has assured continuity of the facility. There are three basic categories for Markup subsidy financing to be utilized by individuals according to their needs and affordability structure. All the three categories allow purchasing a house/flat/apartment up to 5 Marla or 125 sq. yards with a maximum covered area of 850 sq. feet.

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EarthLink Making History

EarthLink Making History

From making benchmark to setting the name in the field of development; Earthlink; has made its name worth remembering in a short span of 16 years. Earthlink development has earned remarkable success by providing projects like, The Grand I in the prime area of the twin cities Bahria Town Phase II.

The Grande II situated in Bahria town phase III and The Grande III built in the heart of Bahria Town Phase IV Civic center.

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Apartment Living with The Grande

Apartment Living with The Grande

Pakistan has seen a growing interest in high-rise apartment living over the past two decades. They have become the need of the time due to many reasons. Expensive living and rapid urbanization have led to an increase in the demand for housing as the total population of the country are 207 million people and it will reach 403 million in 2050, according to a report by the UN.

Earthlink Developments LLP, a leading real estate development company, has opted to go with the flow of emerging trends and needs and molded its aesthetics in accordance with modern times. Owing to the need of the hour, the company, over the past decade, has successfully delivered amazingly compatible and commercially viable apartment living projects like Grande I, Grande II, Grande III with dedicated commercial space and have set a benchmark hard to compete. The up-to-scale apartments are situated at prominent locations in Bahria Town.

Let’s dissect the reasons why people prefer to live in apartments and why builders and developers have a high interest in apartment projects. Apartments are compact, easy to maintain, secure, and furnished with facilities. Also, they fit in the pocket. Everyone wants to receive maximum advantages from their investments. And the dream is fulfilled with The Grande; a project of comfort, security, and well-being.

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The Grande Hotel; A Compelling Investment

The Grande Hotel; A Compelling Investment

Earthlink Developments LLP is successfully running an astonishingly considerable luxury project by the name The Grande Hotel which has galvanized the investment opportunities to a new level of innovation, exuberance, and profitability. For more than 16 years, Earthlink has been developing and delivering wonderful projects like The Grande I, The Grande II, and The Grande III with proven success for its investors and now the list has another name included; The Grande Hotel.

The Grande Hotel is located in Bahria Town Phase VIII with a commendable range of Gold and Platinum luxury suites that meet the demands of contemporary times. It also encompasses Shared Commercial Space including Grande Bazaar, Café Laurent, Health Club, Swimming pool, and Spa. The services and amenities available make it a truly compatible form and a tough competitor to all the luxury projects in twin cities. Let’s throw some light over The Grande Hotel with the perspective of a compelling investment opportunity in recent times thus making it a perfect package in terms of profitable and income-generating units. The Grande Gold suites have an area of 460 square feet with its distinguishable comfort living. Initially sold at Rs. 5.5 million per unit, The Grande Gold Suite has received 27.27 % appreciation and today its market value is Rs. 7 million. It also provides Rs. 50,000 monthly returns to the investor. Hence, an astonishingly profitable investment, making you feel secure and accomplished.

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Impact of Amnesty Scheme on Real Estate Sector

Impact of Amnesty Scheme on Real Estate Sector 

The real estate sector of Pakistan has seen a remarkable interest of investors after the government has announced amnesty scheme with an aim to thrive up the economy. Pakistan has an immense potential for growth through real estate market. Although the conditions for it have never been steady but the recent policing in this sector have caught the glance of many. With the announcement of amnesty scheme and construction sector declared as industry, real estate business has become a game changer. Ergo, the impact is influential as it has paved a way for many who wanted to sync their undeclared money with the governmental accounts. Experts say it has revitalized the industry though the government has designed it to boost up the economy as there are more than 40 industries which are attached with the real estate sector.

To analyze the impact of amnesty scheme let us discuss few of its clauses. The scheme says that withholding tax is removed from all the allied industries excluding cement and steel. Sales tax on services have become zero and now you have to pay fixed tax only, according to the rates decided by the federal and provincial governments. For Example; tax rate for a commercial building in Islamabad is Rs250 Sq/ft whereas that of a residential building up to 3000 square feet will be Rs80 Sq/ft and Rs125 Sq/ft for a residential building that is 3000 square feet or above. This will help to identify and counter corruption in the real estate sector thus generate a positive impact on the business.

If you have purchased a plot or residential building or started a news construction project from April 17 to Dec 31 this year, relief is that, you are out of FBR’s radar of money trail for that investment and tax payment inquiry. But here is a condition, you have to use that piece of land or money wholly in construction projects, the grey structure of which must be completed before Sept 30, 2022. But any kind of activity in the construction industry cannot be conducted on cash payments. Instead, the person has to open up a bank account, deposit the money and do the transactions through crossed cheques.

Official reports say expats send $20bn to $25bn remittances to Pakistan yearly, 50pc of which is invested in real estate sector. People want their investment to generate income. And that’s why many find it interesting to explore the real estate sector. However, lack of proper reforming has kept the government to avail the benefits from this business. Hence, the above discussed reforms have been brought up front to encourage investments and boost up the national exchequer. Luckily, the relief given by the new tax reforms can be enjoyed by lower level investors as well. Those who want to have their dream home built up, the tax relief will act as a savior for them to get out of the affordability crisis.

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