Qazi Investments

Capital Smart City Development Progress

Capital Smart City Development Progress

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Capital Smart City, is a residential project being developed by Habib Rafiq Private Limited (HRL) and Future Development Holdings Ltd. It is believed in the Real Estate Market of Islamabad that the speed of development work of Smart City is the fastest among all the upcoming housing societies. Cold or hot, no matter what weather it is, the team works day and night, preparing to welcome the future residents of Capital Smart City. Today we’d like to share a few updates on the construction process. Islamabad’s Real Estate Market seems very content and pleased with the pace of Habib Rafiq’s development work. This increasing trust in the market is evident in the rising prices and rising demand for Smart City products. In this blog, we have divided the development work updates of Capital Smart City into a few categories.


Capital Smart City Islamabad is a pioneer of bringing a Sustainable future by making the most out of new technology. It is an RDA-approved developer project and has maintained a high level of standard in every aspect of Smart Economy, Smart Housing, and Smart Environment. In view of growing housing demand in the twin cities, FDHL intends to build a quality housing project on the M2 Motorway near New Islamabad International Airport falling on the eastern route of CPEC. Capital Smart City aims to become the first-ever smart city in Pakistan and a model for sustainable development. Capital Smart City Islamabad is a joint venture between Future Developments Holdings (Pvt.) Limited & Habib Rafiq (Pvt) Limited. HRL is one of the leading construction companies in Pakistan. Future Developments Holdings (Private) Limited is also known as FDHL. It is a partner consortium registered under Companies Ordinance 1984. Several national and international firms have joined hands for the emergence of the new worlds leading organization. Habib Rafiq Pvt. Ltd. has a rich 60 years of heritage in the industrial and infrastructure landscape. HRL is acknowledged as a developer of various finest development projects in Pakistan. Designs Consultants are key players and responsible for the front face of any project. Surbana Jurong (SJ) is Master Planner for the Capital Smart City. It is one of Asia’s leading urban, industrial, and infrastructure consultancy firm. It has Human resource of approx. 14,500 employees working in more than 130 offices across the globe. For project Master Plan, it incorporates a holistic range of facilities to offer lucrative business opportunities.


Capital Smart City Islamabad is planning to be one of the largest cities to help the climate in Pakistan. This quality residential project aims to offer a luxurious living experience with all other necessaries of life. Furthermore, in this housing project, all the key steps of the higher residence are concentrated. In order to optimize productivity in the lives of its people, the Smart City idea is to create an intelligent radian development pattern that considers the key facilities and services integrated. This company provides its occupants with a unique and modern living experience that they can enjoy beforehand. This housing company becomes the first smart city in Pakistan by incorporating advanced technologies and introducing smart features with the help of Habib Rafiq Limited (HRL). There are some of the features of this society:

  • Eco-Friendly City
  • Advanced Security
  • Green and Clean environment
  • Web of Metro Bus
  • Electricity from the underground
  • Smart apps such as traffic, electricity, weather
  • Hotels, shopping malls and clubs
  • Modern and intelligent housing
  • World Class Infrastructure
  • Overseas block
  • Parks, lakes, mosques
  • Golf course 18-hole.
  • Interchange designated from M-2
  • Near Islamabad and Rawalpindi


The first block to get possession will be the Overseas Block phase-1. The rumor was that possession will be granted in 2020, but there is still no verified news on this and the market is patiently waiting. The construction work in the Overseas block, however, is completed very quickly to be available for possession as soon as possible. Most of the road construction and leveling are  complete.


Residential Real Estate is a special asset class where you have a ton of control over your investment’s destiny.


Filtration plants are being built by Capital Smart City to provide its citizens with clean water. In addition, water tanks are being installed to ensure the supply of clean water without interruption.



As part of the green initiative, horticultural work is being carried out along with earthwork, road leveling, and construction so that the green belts and parks are ready to add life to the project by the time the development work is completed. Work in horticulture is important to a housing project’s aesthetic. Capital Smart City, by monsoon plantation, has brought its green initiative to the next level.


The construction of Smart Villas has also started in both Executive and Overseas blocks.


The access roads are being quickly cleared and designed to enable smooth and direct access to the site. The dedicated M-2 motorway interchange was approved by the National Highway Authority (NHA). It is expected that the construction of the Smart Interchange will soon begin.


On the site for the Executive block, the land is also being cleared and leveled. Sewerage pipes are being laid and construction of Smart Villas has also started. Executive block phase-1 is expected to get possession after Overseas-1. Therefore, rapid development is being done in the Executive block as well. After the closing of booking in the Overseas block, the next balloting event is expected to be held by the end of this year. However, there has been no certain news regarding the date of the second balloting.

Points to Consider before Investing in Residential Real Estate

Points to Consider before Investing in Residential Real Estate

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Residential is one of the most affordable Real Estate Investments. A common way to increase revenue generation is to invest in Real Estate. Pakistan’s Real Estate market, which once lacked transactional accountability, security and had no technology integration, now enjoys public confidence, attracting investment, whether in residential or commercial ventures. Residential Real Estate Investment is a commonly practiced Investment choice in Pakistan. This is because investment is in a constant flow along with the complete ownership of the tangible asset. Houses and apartments, as well as plots, compose Residential Real Estate, giving investors a more active role in the property. As effortless as it sounds, it is equally difficult to make the right investment decision. Real estate investment is the acquisition of a future payment stream from the property. With the help of a realtor or an expert in the real estate industry, you will be able to achieve your goals in a better manner. Real estate investing offers numerous preferences, and speculators can appreciate a consistent payment stream that may lead to financial freedom. There are so many benefits of investing in real estate that outweigh the cost.



Most investors invest in rental properties because of the cash flow. It is crucial to understand that cash from real estate is predictable and stable.


Another benefit you will get from investing in Residential Real Estate is that the investors get long-term financial security. You need to understand that when you have a steady flow of cash, then the reward of your investment will continue to offer these rewards for an extended period.


Investing in Residential Real Estate comes with numerous tax advantages. You can factor in deductions such as property depreciation, mortgage interest, and cost of repairs/maintenance


Residential Real Estate is a special asset class where you have a ton of control over your investment’s destiny.




Real Estate Investment is considered to be one of the best ways of securing assets. However, there is also the best time to Invest in Real Estate, like anything else. The owner needs to know the current property patterns and regulations for this. Not only does it allow an investor to make a stronger and more calculated investment decision by having sufficient experience and a sense of how the market works, but it can also help to alleviate any current risk. The Proptech pioneer also provides everyone, anywhere with recent industry developments, checked listings, and straightforward transactions. When you become an owner, buying any kind of Residential Property, whether it’s a plot, apartment or a home, will help you save more money.


An investor must identify why they are investing before investing in Residential Real Estate so that they can prepare their investment accordingly. In two ways, Residential Real Estate can be utilized:

  •  Buying and renting out, which offers regular income and ensures long-term value appreciation.
  •  Buying and selling, at either a profit, or saved for a long-term plan, such as retirement, or value appreciation. What induces an investor to invest, which depends on the anticipated cash flows and profit, is the probability of a steady income. It helps to outline a budget strategy accordingly until an investor has a clear vision.


One of the golden rules of investing is the location of a property. Some of the prominent factors that automatically contribute to property value are proximity to amenities, expressways, commercial markets, parks, and a suitable and safe community. One must be open to a mid-to-long-term view of how the location is supposed to change over time before investing.


A newly constructed property may be fitted with modern amenities and customizations. Old properties, on the other hand, offer faster access and lower purchasing costs. Pakistan’s real estate is dominated by issues including lack of digitized land and false valuations.

Best available Real Estate Investment options in Pakistan

Best available Real Estate Investment options in Pakistan

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Pakistan’s Real Estate sector is growing day by day. The construction industry faced significant challenges because of COVID-19, but the construction industry, on the other hand, played a vital role. The construction industry is considered the backbone of the economy of Pakistan. The real estate sector has been announced by PM Imran Khan as an industry that will direct the nation tomorrow for the better. Pakistan’s real estate sector is currently thriving. Perhaps the reason for this is that the incumbent government has finally accepted the country’s real estate sector as a main financial and macroeconomic indicator. The government has recently implemented a series of real estate reforms packaged with tax incentives that have powered the sector’s tremendous growth. Some analysts believe that the single largest macroeconomic measure of the economy is real estate. According to the region’s macro-economic and real estate experts, the exponential growth and changes in the real estate sector would help to account for the accurate calculation of the number of real estate transactions. These new investors are entering Pakistan’s real estate market at this time because of their trust in the current regime and the fact that transactions in real estate are now more open than in the past. The country’s financial experts label this influx of new investors a big milestone for Pakistan’s long-stagnated real estate market and are optimistic that with this much-anticipated inclusion, the sector can cross new thresholds. The introduction of technology has turned the real estate industry into an intellectual sector. This used to be an investment-heavy entity before, but anyone can become a real estate investor with the least amount of investment with the advent of technology and new-age real estate plans. One thing we should all learn from veteran real estate professionals, however, is to be vigilant and never stop diversifying our investments.  


The global economy is massively hit by the ongoing pandemic, Covid-19. Surprisingly, this pandemic has turned out to be a blessing for Pakistan’s Real Estate Industry. The Real Estate and Construction Industry has been in the limelight after the Government showed these industries as its major focus to revive the economy. In the current situation, it has become essential to identify suitable projects for lucrative investments. In general, the Real Estate Industry is going to see at least a boom in the coming years. Here are the general guidelines that enable you to understand the best available options in Pakistan according to the current situation, you can invest in following Projects:

  • Grand City Kharian
  • Al-Noor Orchard
  • Park View City Islamabad
  • Capital Smart City
  • Lahore Smart City
  • Zaamin City


Commercial properties are the second most common form of real estate property in Pakistan. Commercial land typically refers to units that are limited to the activities of a business. Basically, any commodity that is used to produce sales falls under the group of commercial assets.


Industrial real estate is used primarily for producing, manufacturing, packing, or storing goods for the consumer market. Industrial properties can also be used for research purposes and the distribution of goods. Industries are usually known as a subdivision of commercial real estate.


Real estate is much more than just a piece of vacant land or property. Agricultural lands are more or less a subdivision of commercial properties, but the concept of agricultural properties in legal books is different. Agriculture properties are usually found in rural areas of Pakistan. Agricultural properties are used to produce crops or plants and raise cattle. The biggest perk of owning an agricultural property is that it can be bought, sold, or rented. 


These are some of the variables that you should remember for the first time in real estate when investing your way smartly. Qazi Investments is Pakistan’s premium real estate agency that offers free consulting services for real estate as well as on-site bookings for some of the great real estate projects. Contact Qazi Investments that is a real estate investment the experts will get in touch with you to help you get your investments right.

Effect of Corona Virus On Real Estate Sector of Pakistan

Effect of Corona Virus On Real Estate Sector of Pakistan

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More than 30 countries register confirmed cases and the number of affected cases around the world exceeds 80,000. Pakistan has recently become one of the countries to witness many cases. Various new policies and taxes have been implemented that have altered the shape of the real estate industry entirely. Over the last 2 years, large numbers of retailers, advertisers, builders, and buyers have barely managed to survive the crisis. They mostly thrive because of the huge investments made by our Pakistanis from overseas. But the problem is even bigger this time. As for now, the action of our buyers and sellers is a little disturbed by the Corona Virus.


Corona virus is a genus of viruses that can induce symptoms such as common cold, extreme acute respiratory syndrome (SARS), and in the Middle East Respiratory Syndrome (MERS). In 2019, the cause of a disease outbreak that originated in China was established as a new coronavirus. This virus is also referred to as Coronavirus 2 Extreme Acute Respiratory Syndrome (SARS-CoV-2). The infection it causes is called the 2019 coronavirus outbreak (COVID-19).


Signs and symptoms of COVID-19 will occur 2 to 14 days after exposure, including the following:

  • Fatigue
  • Pains
  • Runny nose
  • Fever
  • Cough
  • Shortness of breath or difficulty breathing
  • Sore throat

People who are elderly or who have certain health illnesses, such as heart or lung disease or diabetes, may be at increased risk of serious illness. This is close to what is observed, such as pneumonia, in other respiratory disorders.


Pakistan’s real estate market has already been remedied by government policies introduced in 2018, and now this outbreak is sure to be another setback for this industry in all major cities, including Rawalpindi, Islamabad, Peshawar, Lahore, Karachi & Multan. Due to the full lockdown in Pakistan, many businesses were forced to face detrimental consequences, including real estate. With the gradual propagation of this epidemic all over the world, the world’s economy has already come under scrutiny and our country faces the same difficulties. Let’s discuss the current situation and the repercussions of this dilemma, particularly for Pakistan’s real estate industry. The coronavirus epidemic has caused many businesses across Asia, including Pakistan, to introduce multiple types of remote work plans, influencing the speed and nature of companies. The growth in internet activity and data access has risen dramatically as more people stay and work from home. As for the real estate industry in Pakistan, by accentuating the tidal shift induced by technical advancements and modern lifestyles that are altering the demand and usage of real estate, the Covid-19 outbreak has triggered some indirect implications in the real estate sector. The real estate market faced a serious downturn as their work has come to a stop due to a lack of production of raw materials and goods, workers & laborers from the mechanical and construction fields have become restricted. But the reality remains that remaining alive and battling this lethal epidemic is more important in the current situation.


The coronavirus pandemic has the potential to have a huge impact on property markets around the world. With massive unemployment, wage cuts, business failures, and job uncertainty, many people are likely to be cautious about buying a home. Not only in Pakistan but all over the world, the next few months are highly awaited for the real estate industry as the activity will continue to grow after this outbreak. The analysts predict that because of little business activity, property values would plunge 10-20 percent. It is recommended not to sell your assets in this setting because you are more likely to suffer a loss, on the contrary, since the investment would be at its lowest, it is a perfect time for buyers. As overseas investment is limited to an unforeseen duration, the global travel ban would also have dire consequences on the real estate scenario. Pakistan’s largest cities i.e. as the bulk of investment in these regions relies on overseas Pakistanis, Karachi, Lahore, Islamabad, and Peshawar will suffer seriously. Because of this outbreak, not only the real estate sector but all other sectors, including financial institutions, building industry, import and export, manufacturing industry, hotels and tourism, medical and educational industries will all suffer a heavy loss. It is only fair to conclude that in order to face the coming situation, we need to be trained psychologically and economically. It is not up to our government to participate and do our bit for improvement and pre-improvement, but also to us the people of Pakistan. It’s slower moving and the leasing fundamentals don’t swing wildly. The backbone of Pakistan real estate is the ex-pats who will take a substantial hit during this crisis. 


The ranking of Pakistan in the Global Real Estate Transparency Index 2020 was 73 (out of 99 countries). With one being the highest, Pakistan ranked 3.88 on a scale of one to five. Although the ranking has strengthened from its 75th place in 2018, it does not give confidence to international investors. The prime minister seems to have a dear hope of tapping for investment into the deep pockets of the Pakistani diaspora. Ex-pats sent back remittances of around $20bn-25bn each year to help the nation remain afloat. It was stated that nearly 50pc of this sum is spent on real estate. Foreign exchange reserves by the State Bank of Pakistan rose by 3.74% on a weekly basis. 


Pakistan’s scope for Real Estate is amazing. Both Local and International Investors are showing their participation in the Real Estate Sector of Pakistan. Various residential and industrial projects are developing across the country, offering everyone golden opportunities for Investment. Such investments are legal and some offer Investor-friendly payment plans as well. There is little impact of the Corona Pandemic on the behaviors of real estate buyers and sellers. Temporary travel ban by certain countries has caused some issues for Overseas buyers or sellers. Local investors are still engaged in their routine work, but they are also observing the evolving situation closely and cautiously. Everything we can do at this time is hope and wait for this scenario to pass and see where we are. The real concern is not whether or not this outbreak will strike the real estate market because we are still facing a massive blow in the industry.

Park View City’s Market Demand

Park View City’s Market Demand

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Market demand describes the demand for a given project and who wants to purchase it. This is determined by how willing customers are to spend a certain price on a particular project or service. Market demand is the total of what everyone within a specific industry desires and can help to guide its customer. Market demand of Park view city is high as Park View City housing society is an intriguing residential area, being developed by Vision Group in Islamabad. The luxury residential project offers world-class amenities such as a grand mosque, famous schools, a massive hospital, Park View Mall, and a massive community center. Park View City has kept the industry alive and busy for the past 3 decades since it was introduced in mid-2017. The continued acceptance of this home community at Islamabad’s property marketplace indicates that the marketplace’s assurance has improved in time. There are various methods adopted by the Park View City administration that have led to the accomplishment of specific initiatives that have been started at different periods by the housing society. Market demand of Park View City is tremendous according to Park View City’s authorized agents, demand has remained consistent throughout the year. 75% of the buyers during the phase of society’s launch were end-users. The percentage climbed to over 90% during the second phase of the launch. Since almost all buyers here are end-users, a large percentage of whom find smaller units that meet their needs, the demand for residential plots of 5-marla and 10-marla has been higher here. While for many of these customers, one kanal, the amount of which runs short easily, is the perfect plot size for building a house for personal use. In the meantime, owing to their small numbers, the proprietary 2-kanal residential plots have also done well.


In the vicinity of the New Islamabad International Airport, many other housing societies are being built. Capital Smart City, Star Enclave, Motorway City, Top City-1, and many others are included. The rate of such ventures, however, is marginally higher and not sustainable for society’s fixed-income strata. On the other side, Islamabad’s Park View City is ultimately intended for society’s middle class. Due to Park View City Islamabad’s fair and inexpensive payment plan, it is common among property investors who aim to earn a big return on investment in less time.


Demand has remained constant throughout the year, according to sanctioned members of Park View City, although people working with a few home societies in the area say little without necessity. And when it comes to purchasing land for private use, it is even truer. Furthermore, we have discovered this fascinating truth about Park View City that 75 percent of buyers were consumers during the launch time of society. During the next launch phase, the percentage climbed to over 90 percent. The key reason for this confidence extended from the end-users on such a large scale is the dedication of the programmers to give you the job in time. And this is also to ensure that development work does not stop and that its output is maintained.


The Park View City prices have been steady for a while, then the cost increases. Almost all individuals who have the plots in society are often ended users and have invested rather than expenditures for residential purposes as well. The desirable venue, services, all imply the prevalence of society in addition to the costs supplied. Two years ago 5 Marla’s price was nearly 43 Lacs that were revised in 6 months, a substantial 7 to 8 lac growth was detected as prices are increasing with the growth feature. Approximately PKR 57-58 lac is the latest cost needed to get a 5 Marla residential plot now. Due to easy tradable measurements of these possessions, the need for 5 Marla and 10 Marla residential plots and 6 Marla commercial plots is substantially greater.


Since virtually all buyers are end-users, a sizable proportion of that locates smaller components fitting their demands, the requirement for 5-marla and 10-marla residential plots has been greater here. While for a lot of these buyers, the perfect plot size for building a home for individual use is 1 Kanal, the amount of that is running short quickly. Meanwhile, the exclusive 2-Kanal residential plots also have performed well because of their being restricted in amount.


Best Location

The first and foremost appeal of this luxurious home is its venue. Park View City is located on Malot Road, which is at a distance of 15 minutes from Kashmir Highway. It is situated very next to Hotel Serena. In a 15-20 minute driveway, the company’s 200-ft Main Boulevard is accessible from the Kashmir Highway and Islamabad Expressway.


Park View City is divided into numerous small blocks that are alphabetically called from A to J. They include Residential and industrial blocks. Owners have also set up a “J” expansion block from the new voting incentive kept as a venture for investors on the Park View City website. There are five Marla plots in Blocks A, B, F, K and J, while 10 Marla plots are given in Blocks B, A, F, H and I. In Blocks C, B, F, E, M and N, 1 kanal plots can be found and Blocks D and P provide society with 2 kanal plots.


Park view city is a magnetic housing job that covers everyone’s needs, from home and business properties to apartments to villas in Park View City Islamabad, Park View City Islamabad Overseas Block is the most recent addition to this prestigious project. In the grand endeavor, the Overseas Block will soon be introduced to ensure that it meets all the needs of international standard housing. The block is specifically designed by the designers along with the integration of the majority of creative engineering and conveniences to provide your overseas Pakistanis with an amazing living society. The need to present this particular block on the seizure of foreign Pakistanis who are trying to get an identity, recognition, and also safe place to buy in Pakistan was felt. Not only does the overseas block in Park View City offer grand homes, but also a range of business opportunities. The properties in this block would have added value and high demand. The location of this Overseas block in the city of Park View is in the most important position near Gate 1 in Park View City. The block is situated near the industrial core of this business and, apart from an elite dwelling, will provide its residents with productive investments.


CDA approval is another aspect that makes Park View City an excellent real estate investment. Islamabad Park View City is one of the few housing societies officially approved by the Capital Development Authority in Islamabad. One of the key considerations that real estate investors consider before parking their investment in a private housing scheme is CDA approval.


The developer’s team aims to complete this project ahead of the timetable specified. Block A and Block B are already fully and readily established and ready for possession. Meanwhile, heavy equipment is running day and night in the local area. The work at society’s entry gate started successfully. The design work is currently focused on completing the construction of the company’s 200-foot Main Boulevard to meet visitors’ travel needs on a priority basis. The magnificent society’s builders are now working at a high speed to complete the project for their investors before the given time. Blocks A and B are almost done and have already been sold. Now, progress has started on other blocks. Lights are also mounted on these blocks. The next first job in block A is to provide clean water for drinking purposes. For its people, a water treatment plant will be arranged shortly. Water is treated and supplied to all corners of block A in this treatment facility.


The booking of the Park View City Islamabad plots has already begun. In this master project, investors have shown strong interest. If you want to book a plot in Islamabad’s Park View Area, do not wait. The cost of the plots is estimated to increase in no time. By following these easy steps, you can book a story.

  • Download the Application form
  • Read to all the Terms & Conditions
  • Take out the print of the Application form
  • Fill in the required details diligently
  • Attach the copy of the CNIC Applicant, CNIC of Nominee, and Photo of the applicant.
  • You can pay the amount (down payment + Processing Fee) via Pay Order/ Draft or Online transaction.


These are some of the famous market trends that make Park View City Islamabad a great investment opportunity. Qazi Investments is one of the best real estate agencies in Islamabad and an authorized dealer of Park View City Islamabad.

New Tax Regime for Builders and Developers

New Tax Regime for Builders and Developers

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The House is an association founded on 1st January 2021, to disseminate and advise the information and expertise in financial, corporate, foreign exchange, anti-money-laundering, FATF, and fiscal matters to businesses and the society at large. There is a need for an in-depth analysis of these topics and spreading the same in easy and realistic ways. The organization is located in London, Toronto, and Karachi. For two reasons, the name ‘The Home’ has been adopted. Firstly, wisdom can only be obtained from the House of the Prophet (peace be upon him) and secondly, the organization’s primary aim is to advise a business.


The House organization was set up to provide high-end solutions to medium and large business houses and the general public on corporate, international, fiscal, anti-money laundering, FATF, foreign exchange, and other related issues. It is the organization’s firm conviction that only the entrepreneur can provide strategy and vision for a company. In providing specialized knowledge and expertise on issues not expected to be mastered by the entrepreneur, the position of advisor is minimal.


  • This is a tax regime package for individuals participating as builders and developers in the construction industry. This is a time-bound package ending on 30 June 2023. In compliance with this scheme, the revenue, sales, and profits of any construction project resulting from the sale of homes, apartments, commercial or industrial spaces, units, or parcels of such projects shall not be taxed in accordance with standard income tax procedures of the Income Tax Ordinance, 2001.
  • Such income, profits, or gains shall be taxed on basis of square feet / square yards of the property as the case may be. This is called Fixed Tax. This is a final tax in all respects. If a company is engaged as a builder or developer the dividend from such income will also be exempt from tax. There is no minimum tax in this case. The time period for the regime is the completion of the project by June 20, 2023.
  • It is suggested that the date should be further extended. Completion has been defined under the law. Secondly, the source of investment by the builder or developer in the project shall not be enquired under the provisions of the Income Tax Ordinance, 2001.
  • Thirdly, the source of investment of the purchaser of plot, house, flat, commercial or industrial space, units or plots of the project will not be enquired under the provisions of the Income Tax Ordinance, 2001. This is a comprehensive package covering tax impact from all angles. The intimation, with respect to immunity for the same, has to be made by June 30, 2021, previously it was December 31, 2020.


There are three core elements of the regime which are:

  • Fixed Tax for Builders and Developers
  • Immunity from the inquiry for the source of investment by the Builders and
  • Developers
  • Immunity from the inquiry for the source of investment for the ‘buyers’ of these

All these aspects have been briefly and generally described in this paragraph. The purpose of the package is to accelerate construction and housing in the country and to channelize funds in the businesses of construction and development of properties. The investor either builders or developers and the purchaser of such property have been relieved from inquiries by the tax officers for their source of investments. Investment in the project can also be made in the form of plots or property already held by a person not recorded for tax purposes provided the same is used for the project of construction by the date prescribed under the law. All three components of the package are independent in nature however there is a strategic inter-dependency.


  • Any income, profit, or gain from a ‘Project’ registered with the Federal Board of Revenue [FBR] by June 30, 2021, will be subject to a fixed tax. The project has been defined in the law. The rates of fixed tax are laid down in the Eleventh Schedule to the Income Tax Ordinance, 2001. The income, profit or gains qualifying under this regime will not be subject to tax under the normal provisions of tax. Fixed Tax is the only tax on income from such projects. With reference to such projects, the persons engaged will be termed as ‘builders or developers’. The income, profit, or gains from the project will be that from the sale of the property. The regime is not a substitute for or is relevant for a property built or developed which is used for rental purposes.
  • All persons, being individuals, an association of persons, and companies (whether listed or otherwise) are entitled to opt for a fixed tax regime in respect of a project so registered under the regime.
  • This is a time-bound regime. The time period is related to the completion of the project which has been defined under the law. This regime will be applicable for projects to be completed by June 30, 2023. The date of completion has been defined under the law.
  • There is only two conditions to qualify for the regime (i) Project Registration with FBR, (ii)Completion of the project by June 30, 2023.


  • Under this regime, the tax liability of the builder or the developer of a project will be determined on the basis of the square feet area of the building or the plot or area developed by that builder or the developer as the cases may be.
  • Each project will be accounted for separately. For example in the case of a person being a builder of a commercial building in Karachi the total tax liability (whether there is income or loss on the project) shall be equal to Rs250 per square foot. In other words, if a commercial building is built having a covered area of 10,000 square feet the tax liability of the builder for that project will be Rs10,000 x 250= Rs2.5 million.
  • The actual profit or loss in building this project is not relevant for determining tax liability. In this case, if actual income, profit, or gain from that project is said Rs.4 million then there will be no tax on that Rs.4 million. Similarly, the dividend out of Rs.4 million will not be subject to tax in builder or developer is a company.
  • It is however stated that the maximum amount of income that can be incorporated in the books of accounts (generally called documented money) cannot exceed 10 times the tax liability. In the case of this example, it will be Rs.25 million.
  • In case if any builder or developer intends to record any actual profit over and above the said amount then there will be tax at the normal rate on that excess amount. It is however clear that there is no requirement to keep any particular type of record of expenditure or determination of actual profit at least for tax purposes.
  • FBR is suggested to provide guidelines for determining actual income, profit, or gain from the projected or any deemed basis for the same to avoid abuse of discretion.


  • The income will be computed on a project-to-project basis. If a builder or developer has more than one project each project will be taxed separately.
  • In case if the project is not expected to be completed in one financial year (July 1 to June 30) the liability as above will be spread over the estimated project life. For example, in the above illustration if the project completion life is two years then Rs.125 per square feet will be payable each year.
  • Under the present law, irrespective of the actual project completion life the maximum project life cannot exceeds 36 months (two and a half years).
  • Yearly liability as calculated above shall be payable in four equal instalments in a year by way of advance tax.


  • As an incentive to promote investment in the construction and housing sector this regime provides immunity from the inquiry for the source of investment by the builder or developer in any project that is subject to the provisions of this regime.
  • Under the Income Tax law, the taxation officer is entitled under Section 111 of the Income Tax Ordinance, 2001 to enquire about the source of any investment. In case if the owner of that investment is not able to identify the source as being non-chargeable to tax then the said sum is taxed as ‘undisclosed income’ along with a penalty equal to the amount of tax. Where the tax law provides an exemption from that inquiry it is called ‘Immunity’. The construction tax regime provides immunity from Section 111 for investments in the projects if registered up to June 30, 2021. This is a very big concession.
  • The immunity from sources is not restricted to sums lying in Pakistan. Any investment made whether held outside Pakistan is also entitled to such immunity. Accordingly, if a person has some undisclosed sum outside Pakistan then such sum can be invested in the project and the source of the said sum cannot be enquired under the tax laws of Pakistan. Similarly, if a person being non-resident for the purposes of tax in Pakistan owns an undeclared plot in Pakistan then the same can be brought within the fold of the regime. This essentially provides an honorable way for the repatriation of undisclosed assets held outside Pakistan without tax incidence. Both Pakistan and the person declaring will benefit.


Change in ownership of the project shall not be allowed, in principle, in the cases of projects where immunity has been claimed under Section 111 of the Ordinance. However, the following practical situations have been catered:

  • The transfer of ownership of legal heirs and succession is allowed
  • In the case of a company transfer of ownership is allowed only when the project is at least 50% complete;
  • A new Partner can be admitted to the project however that new Partner will not be entitled to claim immunity.

The purpose of these conditions is to avoid, to the extent possible the chances of abuse of concession laid down under the law. The restriction in the change in ownership is restricted only with reference to a case falling under immunity from inquiry under Section 111 of the Income Tax Ordinance, 2001.

Real Estate guide for beginners in Pakistan

Real Estate guide for beginners in Pakistan

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Pakistan’s real estate sector attracts the interest of millions of individuals across the world. The stable, timely, and healthy returns on investment make this industry one of Pakistan’s most profitable industries. Working in this sector, however, is surely not a piece of cake. It’s something beyond buying and selling at higher prices at a lower cost. In Real Estate guide for beginners One should know the foundations of real estate investment in order to obtain handsome rewards. It requires not only numerous intelligent considerations but also a fair amount of experience and fundamental financial knowledge. We will instruct you today on how to use your money perfectly and invest in the property market for the highest returns. In the beginning, you should be aware of the fact that there is no ideal way to define property investment thoroughly. For the time being, however, we should state that the method of selling, buying, or renting a property in order to make capital gains is simply an investment in real estate. There are basically many ways of investing in real estate, but the ones that are technically more applicable are as follows:


A file is a document that is yet to be established about a plot in a society. For the time being, this potential plot in society does not have allocation or possession. If you’re looking for a long-term investment, this document is favorable. The rates increase dramatically once the plot associated with your file is formed.


One of the most common real estate investment practices in Pakistan is to buy plots at lower prices in order to sell them at higher rates. In this practice, investors buy and keep holding plots until their prices increase. This increase is subject to the timing and progress of the project involved. Mostly, this approach offers healthy returns and can be very lucrative. What you need is to judge the situation carefully and remain patient until the time comes for your property to be released.


Buying and renting a property in the form of an apartment, house or commercial property is a sort of real estate investment that generates income. Although your property value is still growing day by day, you only have to sit back and enjoy the set monthly earnings.


This type of investment is comparatively riskier and a type of real estate investment that is less suited. You need to make a bold decision in this way by buying a property that has not yet been created or owned by any community. Typically, investors with strong market long-sightedness prefer this approach.


As we discussed earlier, it is not everybody’s piece of cake to invest your capital in the real estate market. There are both benefits and drawbacks to real estate investment. Before stepping into this area, we advise you solemnly to take the following aspects into account.


  • Odds of high returns over a limited period of time
  • Ownership of a stable asset
  • A continuous stream of income in the event of renting out
  • May use its importance in potential private use
  • A good asset for your generations to hand on to


  • Prices do not go up as planned in the fluctuating market
  • You will be been entitled to pay property taxes.
  • Property is not something that can be urgently liquidated.
  • The likelihood of a dramatic fall in the value of property due to unpredictable circumstances.
  • Fraudulent practices or legal issues may occur.


You may be confused or reconsider that you do not have the proper knowledge of the domain as a beginner in the property market, so why are you going for it? Relax, just. We will advise you on a few measures that are important for any good investment in the real estate sector to be considered. You’ll be on the right route in the real estate realm until you have them entirely.


You should be fully conscious of your requirements in the first step. You need to go over why you’re making this investment in-depth, and what your goal is to achieve against it. Before making an investment, we highly advise you to determine your holding capacity. Holding power basically means the amount of time before opening it up for sale, you are able to keep your purchased land. In addition, you should be very specific about your budget, so that you can carry out market research accordingly. In addition, you must determine if you are willing to make an investment in the city in which you live or in some other city.


Conduct your market research until you become crystal clear about your requirements. Check out the different property choices available according to your needs. You can conveniently access qazi investments at any time to access one of the best real estate investment guides. Always remember to ensure that you have all the necessary regulatory approvals for the property you are interested in. One of the helpful things you can do in your research process is to consult a few real estate agents from the city. You will get fair know-how about the prices and demand patterns of the region you are interested in through this practice.


This is one of the most complicated aspects of real estate investment. This move distinguishes an established investor in the market from an inexperienced one. There are multiple variables affecting or influencing your decision as to how long you should keep your land. Most importantly, a formal lease agreement between both the tenant and the renter should always be signed. This document should highlight the length of the lease, the amount agreed in terms of rent and the amount payable to the renter, the rate of the annual rise in the rent, and the conditions of eviction in the event that the property is required for your own use or for any conflict. Be sure that what actions an instant eviction would interpret must be included in the eviction portion of your agreement. To prevent any potential trouble, the registration of this agreement with the local law enforcement authorities is mandatory. You cannot be kept liable for the criminal practice of your tenant by registering this arrangement with local law enforcement agencies. This is the real estate investment guide for newcomers today. For any more details and true guidance on real estate investment. Feel free to contact Qazi investments to book your consultation.

Research Institute

Capital Smart City establishes world-class first ever Smart International Medical Research Institute

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The Capital Smart City will establish a highly developed International Medical and Research Institute soon. The groundbreaking ceremony for the institute and contract signing took place in Islamabad on 6th April, 2021. People from different professions were seen attending the ceremony; including real estate magnates, doctors, and investors.

The institute was claimed to be the ‘biggest’ International Medical and Research Institute by the eminent Urologist Dr. Saeed Akhtar in his speech. For this very purpose; Mr. Zahid Rafiq, Chairman FDHL has donated 500 canals of land free of cost to IMRI.

The hospital will not only provide all types of health facilities but will also a great addition to the Capital Smart City when the pandemic is soaring towards the sky. It is said to be the initial host to a multidisciplinary hospital with 200 beds and includes medical, nursing, and smart research centers.

Institutes like these will help in bringing a sense of community while promoting continuous learning. The institute which will be established in Islamabad not only shows us the wonders of real estate but also contributes towards the facilitation of scientific collaboration and provides research support.

The hospital management further added that another ultra-modern medical college might just be in the works; which will offer MBBS, Pharmacy, and Nursing degrees to be precise. In connection with the aforementioned, an MoU has been signed with Future Development Holdings.

The addition of both these institutes in Islamabad is a step towards building the future of medicine. Health research has always been of high value to society as it can provide information about disease tendencies and risks which is what the institute will strive for.

It is hoped that more institutes like these are established all over Pakistan so that potential talent in the medicinal field doesn’t go to waste and no individual is left without access to medical treatment.

Role of Real Estate Sector in Pakistan’s Economic Growth

Role of Real Estate Sector in Pakistan’s Economic Growth

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Pakistan’s real estate sector makes a significant contribution to the country’s economic development. According to World Bank reports, real estate assets account for 60 to 70 percent of a country’s overall wealth; if these figures are extended to Pakistan, the real estate market will be worth $300 to $400 billion. After agriculture, it is Pakistan’s second-largest source of employment. Aside from direct employment, it boosts demand in over 400 sectors, ranging from construction (cement, steel, paint, building materials, architects, and urban planners) to financial services (house financing). As the government has increased the amount of different taxes, especially in the areas of selling and purchasing, strict measures have been implemented to show the money trail behind investments made in the last three years. As a result of the extreme economic recession that has hit this industry, many real estate consulting offices have closed, and millions of people associated with this industry are now starving.

Over-Regulation of the Market

The FBR’s stringent regulations (ban on non-filers, mandatory registrations when purchasing property worth more than PKR 5 million, and high property transfer taxes) have deterred investors in this market. Despite the fact that stock markets are volatile, it is not the economic predictor you would expect. However, a common misconception of real estate as an investment opportunity is that it makes a lot of money. This is not the case. The real estate industry fills the void in most countries where capital markets do not play a significant role in economic development. Unfortunately, due to excessive government and FBR over-regulation, this sector is unable to do so. Consider the KSE-100 index and the house price index. For just three years between 2011 and 2019, the annual return on house prices was higher than the KSE-100. The KSE-100 index has risen by 230 percent during the same time span, compared to 147 percent for house prices. There are periodic fluctuations in investments, and one such cycle happened in Pakistan’s real estate market from 2012 to 2015, which enhances the role of real estate sector in Pakistan with annual returns of 16 percent, 25 percent, and 14 percent, respectively. All those years, the return on the housing index has been in the single digits, ranging from 1% to 9%.

The Post 2018 Real Estate Market

The role of real estate sector in Pakistan has had a tough time since the regime transition in 2018. It has struggled with financial, fiscal, and political difficulties, as well as a host of policy problems and a loss of confidence. It narrowly made it through the previous slump, thanks to huge investments by Pakistanis living abroad. Due to exchange rate benefits for overseas investors, the depreciation of the Pakistani rupee made property investment more affordable. Thousands of foreign investors have moved their money elsewhere due to the instability and tax policies in place. Since these countries (such as the United Arab Emirates and the United Kingdom) are providing greater benefits, the amount of foreign exchange used for real estate investment has decreased. Pakistan earned USD 21.84 billion in remittances in 2019-20, according to the SBP. Since they face limitations in doing other enterprises, the majority of overseas investments are in the real estate market. Overregulation of the real estate sector deters foreign buyers and may result in a decrease in remittances to Pakistan. Furthermore, the government’s strategy of not using construction budgets has caused this sector’s operations to contract.

Inflation and real estate industry

Because of the high prices, people find it impossible to buy a home due to high inflation. According to the Pakistan Bureau of Statistics (PBS), inflation rose to 9.4 percent in March 2019 from 8.2 percent the previous month, marking the highest peak since 2013.

Impact of CPEC on Real Estate Sector

The China-Pakistan Economic Corridor (CPEC) is yet another massive growth initiative that will change Pakistan’s economy and, as a result, the real estate market in the coming years. While the CPEC’s special economic zones have yet to be completed, the project’s positive effects can be seen in the enhanced state of the power sector and the partial completion of the Lahore-Karachi motorway. The interval between Lahore and Multan has been reduced from five hours to three and a half hours. Multan is now being touted as Pakistan’s next economic center by businesses and investors. The development of DHA Multan and DHA Bahawalpur are just two examples of how CPEC will change the real estate industry in 2021.

Economic Boost in Pakistan by CPEC project

The impact of CPEC on Pakistan would be immense, such as:

  • Various industries will be established in Gwadar.
  • There has been significant growth in the number of job openings.
  • Pakistan’s growth rate would rise by 5.07 percent as a result of the CPEC program.
  • It will improve our economy, and the demand for more housing and land in Pakistan will increase.
  • After the completion of the CPEC project, we will see a significant effect on residential and commercial properties.

Without a doubt, the real estate industry will continue to expand in the coming years. However, there are several hurdles to the real estate sector development in Pakistan.

The Real Estate Market Reforms 2021: Housing Industry In Pakistan

Since becoming Pakistan’s prime minister, Imran Khan has implemented a number of changes and enhancements to the country’s real estate market, which are inextricably linked to the country’s economy in a variety of ways, including like linkersint :

  1. The majority of these reforms were made to increase government tax revenue.
  2. Prevents speculative real estate investments.
  3. As a result of these reforms, investors have decreased their investment in Pakistan’s real estate market, putting the country’s economy in jeopardy.

Challenges For Government: Running Projects Progress

The real estate industry has been taken over by uneducated brokers and sellers who lack the experience to guide people further, resulting in theft in the majority of cases. To further secure the interests of land assigned individuals, the nation needs a federal and regional real estate authority. Furthermore, since the process of land consolidation takes many years, there is an urgent need to oversee the building of societies by developers and builders. People’s confidence in real estate regulators will grow, particularly among overseas Pakistanis, who will be able to invest their hard-earned money in this sector without fear of being scammed.

To increase the tax base, the government must develop long-term strategies. Taxing existing taxpayers would be harmful in two ways: one, it would reduce the tax base as citizens began to use cash transfers instead of financial transactions to hide their income; and two, businessmen would deposit their wealth outside of Pakistan, purchasing properties in the United Kingdom, Dubai, and investing in offshore firms. Fast-track reforms may have negative effects on the economy, especially real estate, so a phased approach to changing the system is expected.


Real estate has the potential to become Pakistan’s biggest contributor to GDP. Real estate encompasses more than 200 different businesses. Growth in this sector will not only address Pakistan’s housing shortage but will also create a large number of job opportunities for the country’s youth. There are many reasons why real estate, such as tourism and CPEC-related growth, has the potential to expand. Pakistan should devise a plan to address the issues that developers and consumers are already encountering in the real estate industry. Real estate transparency and regulation will always be important building blocks for the sector’s potential development.

Best Housing Society

RUDN Enclave Rawalpindi Best Housing Society

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All in their life looks up and strives for a happier lifestyle in the perfect place. They are the ones who dream big and work hard to make their dreams come true. Rudn Enclave Rawalpindi is an upcoming ultimate real estate project in Rawalpindi. It aspires to be a symbol of modern architecture as well as a service-oriented project. It is committed to providing world-class luxuries and services to its tenants by using national and international skills and expertise. Rudn enclave is one of the most attractive locations to live in Rawalpindi, located in the hub of the metropolitan. People who want to live in a world with international standards can now take advantage of this society. The area encompasses more than 3000 kanals.

Designers & Developers of Rudn Enclave


With ten years of real estate design and development experience, RMRSCO (PVT) Ltd is one of the top leading franchises. It is, in particular, a group of experienced architects, project managers, technical experts and highly skilled management. While small-scale projects may present challenges at the beginning, Rudn Enclave is the company’s large-scale project. They are very optimistic and motivated to revolutionize the development of twin cities by launching this massive initiative.

Rudn Enclave’s design consultants are Nespak (Pvt) Ltd, a company with an extensive portfolio not just in Asia but also in Africa. They have been in the real estate business since 1973. The aim of Nespak is to bring together a group of engineers in one place. As a result, the fact that Rudn Enclave is a government entity makes it more trustworthy for investors to invest in.

Rudn Enclave Location

Rdun Enclave, located on the Rawalpindi Ring Road, is a mega project that provides the most cost-effective and profitable investment. Rudn Enclave is located on Ring Road Rawalpindi’s main Adyala Road, adjacent to Bahria Town Phase 8 Extension and DHA Phase IV. Rudn Enclave Location is thought to be desirable in several ways. Rudn Enclave’s Access-I is adjacent to the Adyala interchange of the Rawalpindi Ring Road. The Rawalpindi Ring Road is the most anticipated project, and we would like to inform you that Rudn Enclave is located right next to it, adding to the importance of this housing project. It would also reduce the distance between Rudn Enclave and New Islamabad International Airport. Rudn Enclave is Rawalpindi’s new go-to place, with world-class facilities and convenient access from all major roads.

Rudn Enclave is accessible via Chakri Road, Saddar, and Phase 8 Extension of Bahria Town. It also gained attention after the proposed Rawalpindi Ring Road project plan. The Rudn Enclave is traversed by this mega-route. In the meanwhile, the ring road’s Interchange will be located next to the access-1 Gate. Furthermore, the dam Khalsa, a natural water body, is located in the central area of the community.

The Rudn Enclave covers a total of 3000 kanals. Furthermore, the society will have three entrance gates on Adyala Road, with the fourth entrance planned to be on Chakri Road. Since Adyala Road is the heart of Rawalpindi, you can take many routes to get there. The below are the major routes:

  • Chakri Interchange
  • Rawat link road
  • Link road Rawalpindi


RUDN Enclave can be accessed through the following ways:

  • Right next to the Adiala Road
  • Approximately 24 min drive to Rawat-Chakbell Road
  • Approximately 29 min drive to M-2 Motorway, Chakri Toll Plaza
  • Approximately 31 min drive to Phase 8, Bahria Town, Rawalpindi
  • Approximately 48 min drive to Saddar, Rawalpindi,
  • Approximately 48 min drive to Islamabad International Airport
  • Approximately 49 min drive to N-5 National Highway, Grand Trunk Rd, Rawalpindi
  • Approximately 51 min drive to Rawat, Islamabad

Nearby Landmarks

The following are some of the nearest and well-known locations to the RUDN Enclave:

  • New Islamabad International Airport
  • Islamabad
  • Rawalpindi
  • Bahria Town Phase-8
  • DHA Phase-II

Master Plan

Rudn Enclave isn’t just any community; it’s one that spans nearly 13,800 Kanals. Rudn Enclave’s Master Plan comprises a General and an Executive block. Rudn Enclave is giving you a valuable investing chance to purchase high-profitable commercials in the Executive Block once again. This is a fantastic opportunity for those who missed out on the general block commercial plots.

1. Executive Block

Executive block offers the following category plots:

  1. Residential Plots
  2. Commercial Plots

Residential Plots

The following plots will appear in the Executive Block:

  • 7 Marla
  • 10 Marla
  • 1 Kanal

Commercial Plots

People searching for commercial plots will have an exclusive and different location in each block to get the plot. Commercial plots are listed as follows:

  • 4 Marla
  • 8 Marla

2. General Block

General block offers the following category plots:

Residential Plots

  • 5 Marla
  • 7 Marla
  • 10 Marla
  • 1 Kanal

Commercial Plots

  • 4 Marla
  • 8 Marla
  • 1 Kanal

3. Farmhouse

The location is ideal for lush green surroundings and landscapes. With their loved ones, people can have hassle-free holidays or party time. In the following type, it also provides farmhouses.

  • 4-Kanal
  • 8-Kanal

Rudn Enclave Development Status

Currently, 25% of the construction work has been completed. Furthermore, over 15 heavy machines are working to expedite on-site construction work. Roads and infrastructure are being built at a fast pace. Farmhouses and Block A are now under construction. It is the highest priority of the developers.

RUDN Enclave Features

Some of the most unique and up-to-date characteristics are available to the city and are fitted with both modern life and advanced facilities:

  • Farm Houses
  • RUDN Continental Hotel
  • Water Theme Park for the first time in Pakistan
  • DAM View Farm Houses
  • Food Court
  • Jogging Tracks along the DAM
  • Sky Walk for the first time in Pakistan
  • Luxurious Business center-The Core
  • International Standard Schools & Colleges A network of Carpeted roads
  • Parks, lakes, and hills
  • Fully Functional Health Center with 24/7 facilities
  • Branded Shopping and eatery-The Square
  • Spa, gym facilities & fine Dinning- The Resort
  • Mosques
  • Wide main entrance that provides an eye-catching view
  • Community Centre fulfilling all your needs
  • Sports complex with different indoor and outdoor gaming
  • Maintenance Staff to make sure everything is maintained and in working condition
  • A well-built sewerage system
  • 24/7 security and camera surveillance
  • Water Supply
  • Shopping Malls with all the facilities and brands under one roof
  • Restaurants providing you with quality food
  • Community’s Grand Mosque
  • Water filtration plants
  • Organic Farming
  • Food COURTS
  • Dam View Site
  • Sky Walk
  • Water Theme Park
  • Carpeted roads
  • Community’s Gymnasium
  • Community’s Graveyard


In conclusion, if you want to live in the heart of Rawalpindi, it is a good investment opportunity. If you want to diversify your investments, this may be a very cost-effective investing strategy. However, the best part is the location. Grab this chance if you’re looking for a decent investment opportunity.

If you are interested in finding out more about RUDN Enclave, its investment potential, and future growth, or if you want to reserve a residential or commercial plot, please feel free to contact us for assistance via email, WhatsApp, or phone call.

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