Home Business Real Estate

Real Estate

Return News is Pakistan's 1st real estate industries, agriculture, business, industry, market and economy news aggregator. It brings Pakistan focused news from various national and international newspapers and news channels. For latest updates about economy and business landscape of Pakistan, please follow us.

LAHORE:  The federal budget for fiscal year 2019-20 has dragged the realty sector of Pakistan into a depressing mode, at least for now. Markets are eagerly anticipating the revised rates of land, to be announced by the Federal Board of Revenue (FBR), which will determine the future of this sector following...
KARACHI: The government has lifted the moratorium on the purchase of property worth over Rs5 million by non-filers of tax returns but has closed the window of legalising black money through investment in real estate in order to welcome only genuine buyers. “The previous government had imposed a restriction on the...
KARACHI: The dream of cheap housing in the country may remain only a dream as the interest rate hikes have undermined the low-cost housing programme. Financial institutions are charging as high as 15-18 per cent interest on housing loans despite low-rate supply of liquidity from the World Bank through a...
ISLAMABAD:  In what was their highest-ever return, the top civic agency of the federal capital has raised Rs11.284 billion in a four-day auction of residential and commercial plots in the city. The auction, the second one this fiscal year, has cumulatively raised 18.76 billion in its October and April rounds, or...
KARACHI: The Pakistan Mortgage Refinance Company (PMRC) has signed an agreement to provide loans worth Rs4.8 billion for the provision of low-cost housing under the programme initiated by Prime Minister Imran Khan. In a ceremony held recently at the Pakistan Housing Conference in Islamabad, the PMRC signed agreements and memoranda...
ISLAMABAD:  The local government of the federal capital is considering imposing a property tax on housing societies and model villages in the rural areas of the city apart from imposing two rupees per litre as a tax on mineral and bottled water sold in the city. This was decided in the...
KARACHI: Singapore on Monday showed interest and offered Pakistan its expertise for building 5 million low cost houses in the next five years. The offer was placed by Mr Shamsher Zaman — Singapore’s ambassador to Jordan, vice chairman of South Asia Business Group, and chairman of Middle East Business Group...
KARACHI: The real estate sector has always been targeted by the gamblers and people involved in money laundering. Transfer of property files from one investor to another on speculation that prices will shoot up has been the norm. This has badly impacted the purchasing power of genuine buyers of houses and...
POLICYMAKERS are trying to make low-cost housing affordable for lower-middle and low income segments, and incentivised housing finance into a viable business proposition for banks. The upward revision of property valuation for levying advance and capital gains tax in upwards of 20 major cities may bring down soaring real estate...
ISLAMABAD: After receiving complaints from the citizens about malpractices and delays, the city managers have introduced a new standard operating procedure (SOP) to ensure a hassle-free transfer of residential property in the capital. The new SOP has been formulated mainly focusing on the swift issuance of No Demand Certificate (NDC),...

Opinion

trade war a economy exports economic

A tale of two budgets

About a fortnight back the Indian Government announced its first post Elections 2019-20 Budget, and it will be interesting to see how it compares...