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Showing posts from June, 2022

Realtors vs crypto enthusiasts

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  Undoubtedly, we are living in a material-oriented world and the supreme priority of people is to earn money and live a lavish life. So, uncountable ways of generating wealth are there and people choose their means of livelihood according to their skills and interest. Some people prefer jobs, several invest in stock markets, a number of people go for various business and now some has started taking a keen interest in cryptocurrency. It is understood that we need to develop and nurture ourselves and accept change because if we resist these changing dimensions of the world, it means we are pushing ourselves in a backward direction. So, to match the current pace of development, we have to broaden our horizon of understanding not only conventional development but for unconventional. The eagerness for Cryptocurrency is growing these days. Experts and as well as the common man are thinking to invest in Crypto Currency with a desire to make themselves rich overnight. Unquestionably, Crypto

Current Real estate market trends.

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  Given the unabashed economic downturn in the country. The government has imposed several new taxes in a bid to push the economy of the country. Several new taxes have been introduced which will have multifold implications. The real estate sector has no exception, the tax regime of this sector has been transformed and some new taxes in the real estate sector have also been imposed. Further, existing taxes have also been increased. The federal government imposed new taxes of 440 Billion rupees with a focus on the real estate sector in the recent budget. With the introduction of “Deem Tax” that is on unused properties and additional properties, Custom Duties, Sales Tax, and Federal Excise duties have also been escalated. Rs 34 Billion on Custom duties, Rs 90 Billion on Sales tax and Federal Excise Duty, and Rs 316 Billion will be collected in this fiscal year. These taxes might be useful to sustain the dwindling economy, but their implications on the real estate sector and other rel

Everything you need to know about Royale Nova investment

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  The recent visit of the chairman and founder of Royale Nova Shaikh Khalid Mohammad Salman Al Khalifa to Pakistan is of great importance. He was invited by the Nova City group in Pakistan. He visited Nova City Peshawar and Nova City Islamabad and showed immense interest in the development of these projects. His contribution to these projects is being deemed as a paradigm shift for the Nova City Islamabad and Nova City Phase 1. The respectable guest has paid detailed visits to these projects of nova City and congratulated the team of Nova City group on these ventures. The Master plans of nova CityPeshawar Division Phase 1 and Nova City Islamabad were exhibited to the notable guests and he appreciated the Nova City Group for these impeccable master plans. Al-Khalifa showed great interest and has pledged to provide technical support for these projects. So, a team of engineers of Royale Nova will be sent to Pakistan for the accomplishment of these ventures. This is undoubtedly a

How I Became an Estate Agent.

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  Often real estate industry is marginalized in our country and the real estate agents are stereotyped. Usually, people do not take much interest in this sector and ignore it. On contrary, this sector especially in recent years has shown unprecedented growth and development. Real estate agents are even earning better than many other people. So, outside of this industry, we cannot understand the worth, value, and benefit of becoming a real estate agent. So, it is not an easy task to become a real estate agent, the professionals in this field also have to fulfill the requirements related to this field as other professionals do. In this blog, I will guide you on how can you become a real estate agent and thrive in the real estate sector. Guidance. As you are new in this field and you do not have the expertise and right skills. So, it is better to seek guidance first. You should join an already established agency and that agency must be well-developed and renowned. You will learn th

Difference between an Open file & closed file

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In big housing societies, there is a file system for the transfer of property from one person to another. Files are of two types. One is an open file and the other is a closed file.   Open file.   Open file is called to a file or a document of a property when it is bought or sold, the property is not transferred to the buyer or seller. It means a buyer is buying that property to resell the property and that’s why he doesn’t get the property transferred to himself. But the file remains as it is. The seller loses control and ownership of the property or a plot and on the other hand, the buyer doesn’t get it transferred. So, real estate agents prefer buying and selling open files. The file is remained open in order to evade purchase and gain taxes and transfer fees. Because all these purchase and gain taxes and transfer fees constitute a huge amount. Real estate agents buy a property to resell it. So, it is unlikely for them to pay this huge amount of taxes and fees.    There

FAQs For First-Time Buyers

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  Buying a home for the first time seems quite challenging for many people and it is not a thing you should be done lightly. It is the largest financial investment for many. There are numerous requirements that an individual has to fulfill and multiple risk factors are also there. So, going anxious is natural for a person who wants to buy a house first time. In this blog, we will address queries that first-time buyers generally face. Q. Should I buy or rent a house/apartment? Although a rental house has some short-term advantages for you in the long run this will be an unwise decision. If you can buy a house, then probably you should not think of a rental house and it would be better if you purchase a house. Buying a house has multiple advantages for you like you will have a sense of pride as it is deemed an achievement. Secondly. You will have freedom and you will not be answerable to anyone in this case. Thirdly, you shall have security and will not have to think about things lik

Top 3 Reasons Why Living in Housing Societies Should Be Your Preferred Option.

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  Urbanization has become a usual phenomenon. People with dreams of a better lifestyle, advanced educational and health facilities migrate from rural areas to cities. Pakistan has no exception. The already shattered structures of cities are facing further pressure from this migration. Cities administrations are widely unable to manage new migrants in their respective cities. So, the availability of facilities and resources is becoming a major issue. So, migration to a city especially in Pakistan brings no notable advantages and cities are overcrowded now amid the lack of resources and capacity of the cities' administrations. Along with that, educational facilities, health facilities, and other recreational activities are becoming major issues in cities. Considering the today’s lifestyle in cities for most the people, one cannot declare that a luxurious one. An aspire to have a lavish lifestyle is extensively being fulfilled by the Housing Societies. These housing societies are pr

The current political situation and its impacts on the economy.

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  Politics and economy are inseparable. The economy of a country is directly impacted by the political condition of that country. Recently Covid-19 has hit the economies of the world and still, countries are striving to normalize their economic conditions. Pakistan’s economy has been dwindling for a long time mainly because of political instability. So, this struggling and pandemic-hit economy’s condition has been further aggravated by the current political situation. Given the fact that political instability in the country seems unprecedented, its impact on the economy of the country is not dubious. In Pakistan, the major issue is the inconsistency in policies as no Prime Minister in Pakistan completed his tenure. The same thing happened now as a government was ousted and a new government came into power. With this development, all the policies of the previous government are being reshaped by the new government.   Normally, Pakistan has to borrow loans from IMF and other money len

Risks & rewards of real estate investments

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  The real estate sector is a sector that has shown unimaginable growth in recent years. With the growth of this sector, thousands of people have started investing in this sector. There is a long list of people who earned their fame in this sector and changes their lifestyles. Still, few people lost their savings as they did not have much understanding of risk factors in the real estate sector. So, given the fact, this sector is not out of challenges and risks.   Everyone wants to thrive in life and make their lives better. But, this requires hard work and proper effort. So, if you want to thrive in the real estate sector, you will have to make yourself understand the risk factors in this sector to get the unlimited advantages that this sector offers. In this blog, we will learn about the possible risks and rewards in this sector.   Among various risks in the real estate sector is your lack of knowledge. An amateur lacks knowledge and understanding of the sector and can easily be

3-types of investment.

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The term investment has been confused because of its overuse. Everything is generally encircled in the domain of investment like education, televisions, etc. But, these things do not fall exactly in this terminology. Frankly speaking, the products that are bought with the desire to earn profit or income out of them can be called investments such as ownership investments, lending investments, and cash equivalents. Following is a brief description of different types of investments.   Ownership investments.   Investment in the real estate sector, stocks, business, and precious metals fall in the category of Ownership investment. Precious metals are bought to get some profit or earn income. Like other items in the market, their cost also fluctuates as it depends on various factors in the market. In business or entrepreneurship, your ultimate aim is also to earn profit and maximize the value of your product. Stocks are also a kind of investment as you are given a certain portion of

5-tips to become a successful real estate investor.

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  Considering the current economic trend, it is hard for everyone in the country to sustain themselves decently. Especially, Job holders’ worries are increasing day by day with the rise in prices of commodities. Further, the business community is also suffering from the current economic downturn. But looking at the data, it is highly encouraging that the real estate sector remained protected and even grew in recent years. With this development, many people moved into this sector. Today, we will learn how can a person become a successful real estate investor . The real estate sector has shown unprecedented development in recent years and even uplifted the economy of the country in the wake of the Covid-19 pandemic when every other sector showed downward trends.   So, this sector has a huge potential to engage numerous new people who are investing and indulging themselves in this sector with the right strategy and direction. Most people do not have much idea about how to invest succes

What are the three most important things about investing in real estate?

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  Real estate investment is considered one of the best investments in Pakistan and people who wisely invest in this sector is getting huge output. But, investing in the real estate sector is not a piece of cake. It is impossible that you decide today and the next day you invest your wealth in this sector in this case, there will be maximum chances of your loss. It is an obligation that you must have an idea about the project in which you are intended to invest. In that process, you can get the services of a real estate agent and meet with people who are involved directly or indirectly in that project. This will help you to have a sound knowledge and proper understanding of the project, and its importance and answer your question that why should you invest in that particular project. Today, we will analyze the three most important factors that you should consider before investing in the real estate sector. Generally, it is suggested that you must be clear in your thoughts about whethe

Top 5 CDA-approved Housing Societies of Islamabad

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Housing societies in Pakistan are flourishing and big cities are being surrounded by these societies that aim to excel lifestyle of people and meet their residential demands by providing the latest facilities to the residents. The vicinity of the capital is also being encircled by these housing societies. Competition among these societies provokes them to provide state-of-the-art facilities to people to attract the interest of people and match their provisions with that of the capital city. Today, we will analyze 5 housing societies that are known because of their exceptional master plan, infrastructure, and facilities.   Nova City Islamabad.   Nova City Islamabad is the project of Nova City Group which is known because of its innovative and top-notch projects in the shape of Nova City Lahore , Nova City Peshawar, and Nova city school system. It is a NOC-approved project and is situated at one of the prime locations in Islamabad. From the front side, it is close to Rawalpindi