All About Real Estate Investment:How To Invest in Real Estate; Real Estate Investing Techniques

Real Estate Investment in Quetta with just Rs. 10 Million

greenoceans2000@gmail.com — Sun, 20 May 2012 14:26:00 +0000

Surrounded by mountains, Quetta was once knows as "Lille London" due to it's cooler climes. Although Quetta isn't as idyllic as it once was, demand for real estate there is high, primarily due to the influx of migrants from neighboring areas, and it was considered to be the best place for real estate investment.

Here is a look at houses in upscale and well-maintained residential areas in Quetta that can be purchased for Rs. 10 million or less:
1. Cantonment was established in the late 1800s, during the British occupation. It is located on the outskirts of the city. Several recreational venues have a presence there (including the Quetta Club, several sports grounds and a shooting range), as do Command and Staff College, FG Federal College, Chiltan Market and Serena Hotel
Plot Size (sq yds)                            Purchase Price (Rs)
75                                                      3-3.4 million
125                                                    4-4.5 million
250                                                    7-10 million

2. Chaman Housing Scheme was established in 1979. It is located six miles from the city center. Home primarily to foreign dignitaries, it has modern houses and a good infrastructure. The International Committee of the Red Cross (ICRC) is located there.
Plot Size (sq yds)                            Purchase Price (Rs)
75                                                      3-4 million
125                                                    4.4-6 million
250                                                    9-10 million

3. Emaan City is one of Quetta's newest developments. Located near the PAF base, this gated community has good infrastructure in addition to a commercial market, park and an independent water supply.

Plot Size (sq yds)                            Purchase Price (Rs)
120                                                    2.5-3 million
140                                                    2.5-3.2 million
240                                                    3-5 million
267    3.5-5.5 million

4. Satellite Town was established in the 1970s. It is located near Munni Market, one of the Quetta's prominent markets and Sariab Road, a popular commercial hub. Educational institutions in Satellite Town include the University of Balochistan.

Plot Size (sq yds)                            Purchase Price (Rs)
75                                                      3-4 million
125                                                    4.5-6 million
250                                                    7.5-10 million

There are golden Rea Estate Investment opportunities in Quetta, and it is strongly recommended to invest in Quetta if one is looking for good IRR.

A House For Mother: Best Real Estate Investment in Post Modernist Approach

greenoceans2000@gmail.com — Sun, 13 May 2012 09:42:00 +0000

Out of all the movements in architecture, the post modernist movement specially in real estate investment could arguably, be the most exciting. And on Mother's Day, it is appropriate to mention the Vanna Venturi House, designed by the renowned architect Robert Venturi for his mother, in the 1960s. The house is now considered to be the symbol of post modernist architecture.
At the time , the most pervasive form of architecture was modernist - a product of industrialization, governed by rigid and structured rules such as strictly functional columns and block-shaped building.
Venturi was critical of these rigid rules, going so far as to mock the "less is bore" modernist maxim (coined by Mies Van Der Rohe), by saying "less is bore". It was a rebellion he detailed in his book, Complexity and Contradiction in Architecture.
The Vanna Venturi House was an attempt to defeat modernism's idea that the scale of a house reflects its size. Venturi's design manipulated that the sight lines by guiding them along a would-be chimney and stretching the front facade of the house horizontally. What resulted was a house that looked bigger than it actually was, causing it to become known as "The biggest small building of the second half of the 20th century."
Post modernist architecture has also enjoyed fame in our part of the world and architects continue to experiment with the concept. For example, the 27-storey Antila Tower in Mumbai, India, considered the world's most expensive residence, looks like a house made by Ikea with its vertical, open box design. In Pakistan too, the design for the Centaurus Tower carries elements of deconstructivist design - an idea which comes from the 'anything goes' attitude of post-modernism.
Evidence for the acceptance of post-modernism in the Subcontinent can also be seen in growing number of architects working on projects such as Rashid Latif Medical College, as well as the many new houses that carry elements of post-modernist architecture.
As a concept which stems from the rebellion against what is traditional, the emergence of post modernist architecture in the Subcontinent might be a sign of the coming times.

Best Real Estate Investment in the Summer Holiday's

greenoceans2000@gmail.com — Sun, 06 May 2012 13:27:00 +0000

As the summer sets in, the demand for holiday homes across world wide increases. According to real estate investment experts, three categories of homes are gaining traction around the globe: chalets, farmhouses and seaside bungalows (beach huts). Chalets and farmhouses can be found in different parts of the world, while huts are only available along the coastlines, primarily in Karachi, Gawadar and Ormara. They can be purchased or rented, and are available furnished or unfurnished. Without any doubt these could be best real estate investment in the upcoming summer season.
1. Chalets are usually located within city limits, on the scenic grounds of well as a kitchenette can can accommodate between two and four people. Facilities include private swimming pools and jacuzzi. Plot Sizes: 100-250 sq yds. Purchase price: Rs. 405-13 million (Karachi); Rs 4.4-12 million (Lahore); 5-15 million (Islamabad); Daily Rental: Rs 1,500-20,000 (Karachi); Rs. 2,500-17,000 (Lahore); 2,000-30,000 (Islamabad).
2. Farmhouses are usually located on city outskirts and are built on large plots. They generally comprise four to six bedrooms, bathrooms and a kitchen. They can accommodate between eight and 10 people. Modern farmhouses provide facilities such as cable TV, Internet access, and swimming pools. Farmhouses communities also offer nature-based recreational activities such as hiking, horse riding and fruit picking. Plot Sizes: 1,000-10,000 sq yds. Purchase Price: Rs 4-75 million (Karachi); Rs 5-100 million (Lahore); 7-80 million (Islamabad). Daily Rental: Rs 4,200-30,000 (Karachi); Rs 4,000-37,000 (Lahore); Rs 3,500-32,000 (Islamabad).
3. Beach Huts are located along the coast and range from basic 'huts' built on small plots on buy public beaches to luxurious villas located on comparatively secluded beaches. Luxury beach huts can usually accommodate up to 10 people and comprise up to four bedrooms and bathrooms, swimming pools and kitchen. Plot Sizes: 180-245 sq yds. Purchase price: Rs 2.5-9 million (Karachi). Daily Rental: Rs 1,000-30,000 (Karachi).
These were some of the best real estate investment tips in the upcoming summer season of around the globe.

Buying and Selling Real Estate at the same time

greenoceans2000@gmail.com — Sun, 29 Apr 2012 12:19:00 +0000

Selling an existing property and buying another one immediately afterwards involves a few inevitable risk factors, especially if funds are limited. A major concern for most homeowners who are doing this real estate investment, this is whether or not they will be able to find the right property ti buy immediately after selling the one they are residing in.
Here are few tips to making the process of real estate investment easier:
1. Sell first and then buy. Put all your energy and resources towards selling your existing property first; getting the right price can take months of negotiation. As soon as you have a couple of offers from potential buyers, start searching for a new property. Don't be procrastinate, because time is money when the property market is in flux.
2. Add the following points to the sales deed after your existing property has been sold:

A grace period that allows you to stay in your current property for at least three to six months before you have to hand over the property.
Agree on a payment schedule which allows you to receive 98% of the payment at least 10 days prior to the handover. This will give you the funds to purchase the new property and in this way you things will be easier for you in doing real estate investment.

3. Prepare to rent. If you can't find the right property to buy during the specified grace period, be prepared to live in a rental property. This is better then rushing into a deal. You can even ask your buyer if he/she will allow you to rent the current property for a few months.
4. Be Prepared. The new property that you buy may require renovations. In this case, ask the seller for permission to begin renovations before the full payment is made. In most cases this requires a 25% down payment.

Best Real Estate Investment opportunity in Lahore, Pakistan

greenoceans2000@gmail.com — Mon, 16 Apr 2012 17:38:00 +0000

Over the last decade, the trend of upscale, gated residential communities has emerged in Lahore, Pakistan. Some of which are comparable to international projects in terms of planning, infrastructure and real estate investment opportunities as well as the amenities they provide.
Khayaban-e-Amin is one such project attracting real estate investment from across Pakistan primarily due to the fact that it is envisioned to be an upscale, well planned and secure neighborhood.
It is located opposite Valencia Town, a posh and well-known residential area, on Defence Road, minutes from Shaukat Khanum Hospital and Thokar Niaz Baig. Spread over approximately, 1,400 acres, Khayaba-e-Amin comprises 16 blocks.
Although it was established in 2005, so far only two block (E and G) have been completed. Two blocks are under development: Block L and a block which will only cater to Pakistanis living overseas.
Development work on these two blocks is expected to be completed within two years. Pre-constructed houses (built on plots measuring 125, 250 and 500 square yards) as well as vacant plots are available.
Proposed amenities include a small commercial area, community center, hospital, mosque, several parks, school, internal shuttle service, round-the-clock security in the form of manned gates and surveillance cameras and an independent water filter plant.
The pricing structure (in rupees) of property in Khayaban-e-Amin is as follows:
Plot Size                                 Purchase price range
125 sq yds                                   1-1.2 million
250 sq yds                                   1.8-1.9 million
500 sq yds                                    2.8-3 million

Houses Size                           Purchase price range
125 sq yds                                   2.3-3.5 million
250 sq yds                                   5.6-6 million
500 sq yds                                    8-8.5 million

How you can do real estate investment for less than Rs. 10 million in Peshawar, Pakistan

greenoceans2000@gmail.com — Sat, 07 Apr 2012 15:42:00 +0000

Peshawar is one of the oldest cities in Asia and has been the political and commercial hub of Khyber Pakhtunkhwa for decades. Peshawar could be the best place for real estate investment as it is the most developed urban center in the province, Peshawar attracts a large population comprising migrants from the surrounding rural and semi-rural areas. This has resulted in increased demand for residential property.
Here is a look at residential areas in Peshawar where houses you can do real estate investment for less than Rs. 10 million
Askari and Falcon Societies: Developed by Army Welfare Trust, these small residential societies are located near the Peshawar Airport. Although they do not have a lot of commercial activity, they are popular because they are extremely secure.

Plot Size (sq yds)                                Purchase price range (Rs)
125                                                         5.7-6.8 million
175                                                         6.8-8.3 million
250                                                         8.4-10 million

Cantonment: Located in proximity to Peshawar Airport, Cantonment is an upmarket area and best for real estate investment. It is along with Saddar, Peshawar's busy commercial zone, three historical Mughal gardens are located there, as well as Deans Trade Center, Edward's College, the Governor's House and Peshawar Museum.

Plot Size (sq yds)                                Purchase price range (Rs)
125                                                         6.9-8 million
175                                                         8.5-9.5 million

Hayatabad: An upmarket residential neighborhood, Hayatabad was established in the 1970s by the Peshawar Development Authority, without any doubt an ideal place for real estate investment. Several prestigious educational institutions, parks, a community center and a sports complex are located there as well as numerous banks and government institutions such as FIA, NAB, NADRA and the Passport Office.

Plot Size (sq yds)                                Purchase price range (Rs)
125                                                         5.9-7 million
175                                                         7-9 million
250                                                         8.6-10 million

University Town: University town is another perfect site for real estate investment. It is located about five kilometers from the city center, this is a rapidly developing area. Several international aid agencies, foreign consulates and guesthouses are located there as well a some of Peshawar's best educational institutions.

Plot Size (sq yds)                                Purchase price range (Rs)
125                                                         6.5-7.8 million
175                                                         8.2-9.3 million
250                                                         9-13 million

The Townhouse Trend in Real Estate Investing

greenoceans2000@gmail.com — Sun, 01 Apr 2012 11:08:00 +0000

Historically, townhouse trend in real estate investment were the urban residences of the European aristocracy; they were 'simpler' houses, which were not as lavish as their country real estates and were usually located in the urban centers.
In Pakistan, modern townhouses are usually double storey, semi-detached houses within a shared compound. They have become a popular real estate investment, because while they are independent homes, comprising three to five bedrooms, they offer security and ease of maintenance.
Like apartment complexes, townhouse compounds are also managed by the homeowners' associations that take care of water, sewerage and security issues.
Townhouses are gaining traction in Pakistan, especially among the buyers who have smaller budgets but prefer to live on a house within a gated community.
Here is a look at the availability of townhouses in Pakistan and their prices:

Karachi
Townhouses are primarily located in Civil Lines, Clifton, Gulistan-e-Jauhar, Gulshan-e-Iqbal and PECHS.
Plot Size (Sq Yds)                           Purchase price range
120                                                    100-150 million
140                                                    135-170 million
180                                                    150-200 million
240                                                    180-280 million
300                                                     220-320 million

Lahore
Townhouses living is catching on in Lahore due to the establishment of several new housing developments, most of which are in Gulberg..
Plot Size (Sq Yds)                           Purchase price range
125                                                    60-120 million
270                                                    105-140 million
500                                                    150-200 million

Islamabad and Rawalpindi
Bahria Town is one of the other townhouse schemes. It has projects in Islamabad and Rawalpindi, which are set against a suburban landscape with greenery and good infrastructure.
Plot Size (Sq Yds)                           Purchase price range
125                                                    55-90 million
250                                                    70-100 million
300                                                    120-150 million

Tips To Do Economical Real Estate Investment

greenoceans2000@gmail.com — Sun, 18 Mar 2012 13:19:00 +0000

whenever you go for real estate investment, one way of reducing costs while building a house is by sticking to simple structural elements using good quality materials. It will not only reduce construction costs, your house will be easier to maintain.
In Real Estate Investment to keep structural design sound, simple and economical, consider the following:

No Split levels. Ensure that all the rooms in the house are built on the same level; avoid sunken lounge spaces and split levels.
Staircases. Spiral staircases cost more than standard ones and take longer to build.
Windows. Standard windows sizes (measuring three by four feet) are functional and affordable. Larger windows require more material, (e.g. additional cost of grills and frames)/ Similarly, odd shaped windows (e.g. arched or round) are more expensive.
Ceilings. Double-height and false ceilings, as well as pitched and sloping roofs are more expensive in terms of designing, material and specialized labor.
Bathrooms and Kitchens. Position bathrooms and kitchens against exterior walls; they will require exhaust ducts and pipes. In double-story houses, make sure that bathrooms and/or kitchens on both floors are above each other; this will reduce plumbing costs in real estate investment.
Flooring. Keep flooring material consistent throughout the house; this will allow you to buy material in bulk at reduced rates. Porcelain tiles are a good option and easy to maintain.
Paint. Using the same color will allow you to buy paint in bulk at a discount. Choose standard colors; they are cheaper than custom-made colors, and make repainting the house less tedious, as they are readily available. Invest in a good brand that is long lasting. Do consider textured wall paint as an option; although it is more expensive for real estate investment but it lasts longer.
Exteriors. Cladding exterior walls with bricks and using weather resistant or textured paint are highly recommended, because although they are more expensive than regular paint, they are virtually maintenance free and long lasting.

Real Estate Investment in Malaysia

greenoceans2000@gmail.com — Mon, 20 Feb 2012 14:55:00 +0000

A progressive and secure country with modern infrastructure and an attractive business environment, Malaysia is a popular destination for real estate investment and has gained traction over the years among Pakistanis.
Property investment in Malaysia as a foreigner is fairly simple. You must be above the age of 21 and the property you purchase must be valued at RM 500,000 ($ 160,000) or above. However, sale of bumiputra or native properties in certain areas is restricted for foreigners.
Real estate investment can be made either by going to Malaysia, or through real estate agents specializing in overseas property. There is no restriction regarding the number of properties one can buy.
The capital city Kuala Lumpur and the scenic island of penang are popular locations for foreign investors. Freehold condominiums in both these cities have a potential return on investment of eight percent per annum; foreign investors can also purchase vacant plots there.
Foreign investors can secure a property loan from banks in Malaysia. Local banks can extend loans of up to 90% of the property price. The transaction takes between six months and a year to be processed and usually requires a two percent payment on booking followed by another eight percent when the sale agreement is signed. Properties bought by foreigners also require the land office's consent; this process usually takes about three months.
If a property is sold within two years of purchase, a 10% tax is levied on the profits gained; a five percent tax on profits gained is imposed on properties sold two to five years after their purchase. Residential property sold after five years is not taxed for profits gained. Without any doubt Malaysia is one of the best places for the real estate investment in the World.

Taj Mahal: An Example of Real Estate Investment

greenoceans2000@gmail.com — Mon, 20 Feb 2012 14:42:00 +0000

The Taj Mahal in Agra, also known as "The Jewel of Muslim Art in India", is one of the Seven Wonders of the World. It was built by Shah Jehan, the Mughal Emperor, in memory of his late wife, Mumtaz Mahal. It was no doubt a best real estate investment ever.
Construction began in 1631; masons, stone cutters, in layers, carvers, painters, calligraphers, dome builders and other craftsmen from the Indian Empire, Central Asia and Iran worked together under the supervision of architects Abd-ul-Karim Ma'amur Khan, Makramat Khan and Ustad Ahmed Lahquvi (the principal designer). The entire complex, which comprises the Taj Mahal and several gardens, took 22 years to build at a cost of approximately Rs 32 million at that time.
Shortly after its completion, Shah Jehan was deposed by his son Aurangzeb and was eventually buried in the Taj Mahal next to his beloved wife.
Although the Taj Mahal was built in the style of Mughal and Persian architecture, the use of the breathtaking pure white marble, embellished in certain places with nearly 28 precious and semi-precious stones (including carnelians, lapis lazuli, sapphires and turquoises), was extraordinary and a novel idea at the time.
What also made the Taj Mahal unique was the fact that prior to its construction, most Mughal and Persian buildings, such as Jahangir's tomb, were surrounded by four lawns In a way, the gardens become a procession which culminated in the Taj Mahal.
The Taj Mahal's architectural style was then used in other Mughal structures and remains a very strong architecture, the cost and sheer size make it very difficult to do so. However, we do see gesture in our mosques, particularly those in the Middle East, where the Taj Mahal's architectural style is clearly visible.
Ultimately, the Taj Mahal is an edifice of one man's love for the woman he loved. Never again in history have we seen such a monument built for love.

Get Hotel Retail Space: Business Retail Space For Lease

greenoceans2000@gmail.com — Sun, 05 Feb 2012 17:17:00 +0000

Business retail space in hotel complexes are a popular choice for brands due to their location and ambiance. In addition, they enjoy the benefit of a customer base made up of high net worth hotel guests, which include foreigner dignitaries, delegates and tourists and even celebrities.
In Pakistan, until a decade ago such retail spaces for lease were coveted by the most exclusive brands, but today due to the security situation, hotel occupancy rates (and thus customers) have declined, while together security measures have discouraged local visitors. However, despite the lower turnover, these spaces remain popular and most leading hotels in Pakistan maintain an occupancy rate that exceeds 70%. Tenants also find it a hassle-free arrangement because maintenance issues are usually the hotel management's responsibility.
Here is a detailed look:

Hotel complexes have a limited number of shops, ranging between five and 30; they are usually not open for sale and can be rented.
Shop sizes vary between 75 and 250 square feet.
Larger hotels have dedicated shopping arcades within the complex, thus the size of these shops can be customized according to the tenant's requirements.
Rental contracts are usually valid for a period ranging between one and three years.
Average monthly rental rates range between 100 and 250 per square feet. A six-month advance and a security deposit are required in most cases.
Most rental contracts include maintenance and security as part of the package, at no extra cost, while electricity bills are the tenant's responsibility.
Apart from top-end brands, other businesses located within hotels include handicraft and souvenir stores, fine carpet and rug merchants, florists, patisseries, bookshops, Jewelery, designers, beauty saloons, pharmacies and general stores.

International Real Estate: Escapes from the Mayan Prediction

greenoceans2000@gmail.com — Sun, 29 Jan 2012 12:18:00 +0000

Until recently, the Mayan Calendar's dire prediction that the world would end in December 2012 had affected only the paranoid and the easily spooked. However, the international real estate industry has crashed in on this hype and is taking the term "safe investment" to a new level altogether.

A number of international real estate developers are constructing hideouts aimed at investors who would like to attempt to ride out the impending global destruction. These "survival condos" are designed to be self-sustaining and completely cut off from the outside world. Similar to the hideouts from famous fiction such as War of the Worlds, these high-end condominiums are almost always subterranean and are becoming increasingly luxurious.
Here are few options to consider for international real estate, if you believe in the Mayan predictions and want to beat the end of the world:

Survival Condos, Kansas, USA: An old Atlas "F" nuclear missile silo is upgraded with luxurious fittings and fixtures, such as granite counter-tops and expensive flooring. These condos cover half a floor of the silo and come complete with a home theater and five years worth of food reserves - for a cool two million dollars. A key feature are the virtual windows, which give international real estate homeowners the option of customizing the view; for example, an underwater scene.
20th Century Castles, Ohio, USA: A decommissioned missile site is subjected to an extreme makeover and transformed into a secure luxury residence. Every apartment is accessed via an elevator and has a personal gym, swimming pool and Jacuzzi. The blast proof doors are L-shaped hallways will help keep Armageddon out at a mere cost of only $ 1.5 million.
Private Fallout Shelter, Devon, UK: Touted as Britain's strongest privately owned bomb shelter, this complex with its 32-inch thick, steel reinforced walls, will withstand a one megaton nuclear blast. For pound 350,000 you get six bunk beds, a Swiss-made ventilation system, plywood lined walls, a diesel generator, and for entertainment, a few board games.

Footnote: Ironically, the mythical Mayan city if Xibalba, or "City of Fear" also lay underground.

What five to ten million rupees will get you in Hyderabad:Real Estate Investing

greenoceans2000@gmail.com — Sun, 08 Jan 2012 15:34:00 +0000

The second largest city of Sindh, Hyderabad stands at a significant geographical, economic and cultural junction. It is no doubt a best place for investment in Pakistan. A developed urban center in its own right, Hyderabad has several universities, the institute of Sindhology and Asia's longest bazaar, the Shahi Bazaar, and a real estate market experiencing renewed activity.

Here is a look at residential areas in Hyderabad priced between five and 10 million rupees, which are attracting investment in Pakistan:
1. Cantonment is located in proximity to some of Hyderabad's well-known residential areas such as Latifabad and Qasimabad, and is a few minutes away from Hyderabad Railway Station. Easily accessible from Hyderabad's major arteries, this well-maintained residential district is undoubtedly Hyderabad's most upscale; there are several recreational facilities in the vicinity as well as shopping options. The famous Bombay Bakery is also located there.
Plot Size (sq yds)          Purchase Price range (Rs)
250                                  9.8-10 million
325                                  9.9-10 million

2. Latifabad is one of the Hyderabad's largest residential areas. It is a well planned suburb divided into 12 units. Each unit includes a hospital, educational institutes and commercial area. Latifabad Units 7 and 8 are famous for Anarkali Bazaar and Siddiqui Centre, a popular shopping plaza. An upscale residential area, it is considered to be one of the best in the city, and it is a best opportunity for investment in Pakistan.
Plot Size (sq yds)          Purchase Price (Rs)
150                                 5-6.5 million
200                                 6-6.7 million
250                                 7.5-7.9 million
300                                 7.7-8.2 million

3. Qasimabad is located adjacent to Cantonment and Government Officers Residences (GOR), and is easily accessible via the NS Motorway, Thandi Sarak and Wadhu Wah. It is a middle-class residential area and comprises several prominent societies inculding Anwar Villas, CItizen COlony, Faraz Villas, Gulistan-e-Sajjad, Nasim Nagar and Waqar Town. Qaismabad has several reputable educational institutes, hospitals and recreational avenues.

Plot Size (sq yds)           Purchase Price Range (Rs)
125                                 5-5.5 million
225                                 6-6.7 million
300                                 6.8-7.6 million
400                                 7-8.5 million

Here lies best opportunity for any investor to investment in Pakistan.

What is Property Insurance: Limitations & Benefits of Property Insurance: Mortgage Property Insurance

greenoceans2000@gmail.com — Sun, 18 Dec 2011 18:49:00 +0000

Whether your property is residential or commercial it should be property mortgage insured to provide financial protection against damages. Insurance companies charge an annual premium after evaluating the building's value and risk exposure by conducting a pre-insurance survey.
There are two main types of mortgage property insurance available:

1.Buildings and fittings (including electrical, plumbing, glass and wooden fittings).
This usually covers the damages/losses to the property caused by:

Fires or explosions.
Natural disasters (earthquakes and atmospheric disturbances such as storms, flooding and lightning strikes, etc)
Plumbing or electrical problems (burst water pipes, short circuits, etc)
Property damage (due to malicious acts, riots, strikes, car/aircraft crashes etc)

Limitations: Properties are not insurable against damages/losses due to illegal possession. Additionally, some insurance companies provide conditional or no coverage for buildings located in earthquake zones and/or storm-susceptible areas.
Annual Insurance Premium (fee charged by the company) is usually 0.18-1% of the building's estimated value.
2. Building and fittings plus contents: Along with the structure and fittings, this also covers specified contents within the building including crockery, cutlery, furniture and fixtures, as well as valuables such as jewelery, paintings, antiques, electronics and home/office appliance etc. The home/office owner is required to provide the insurance company with a list of all the building's contents and their estimated value, based on which the insurance company proposes a premium.
Limitations: Electronic items such as laptops, cell phones and gadgets etc. can be insured, but damage/loss occurring to them outside the premises is not covered. Jewelery and cash must be specifically declared along with their value. In some cases, instead of inuring of property mortgage insurance the full value of expensive jewelery, the insurance company may decide to insure only a percentage of the stated value.
Annual Insurance Premium is 1-2% of the total value of building fittings and contents.

A city by The Sea: Commercial City

greenoceans2000@gmail.com — Mon, 12 Dec 2011 10:08:00 +0000

Dolmen City is an up and coming commercial projects in Karachi and is attracting investment from across Pakistan. One of the first commercial complexes to open on the Clifton coastline, Dolmen City is located in proximity to upscale restaurants, art galleries, exclusive schools and some of Karachi's largest public parks.

The Harbour Front and Executive tower have been functioning for quite some time and primarily comprise outlets serving as office spaces, where several national and multinational companies have a presence. A shopping mall has opened recent;ly.
Currently, Dolmen city comprises:
1. The Harbour Front comprises 19 floors, each with a covered area of 14,500 square feet. The harbor Front provides faculties including security, fire alarms, a sprinkler system, a centralist mail room and cargo delivery area, as well as car parking. The occupancy rate stands at 60%.
2. The Executive Tower comprises 17 floors, each with a covered area of 11,700 square feet. Facilities include reserved ca parking. The occupancy rate is 85%.
3. The Mall: With a floor of 1,000,000 square feet outlets. Currently, the Mall's main attraction is the presence of an international hypermarket chain. Plans are underway for a food court, restaurants, coffee shops and recreational facilities. Facilities include basement and ground level parking, as well as security.

What Five to 10 Million Rupees will get you in Karachi

greenoceans2000@gmail.com — Sun, 04 Dec 2011 06:41:00 +0000

Karachi is Pakistan's largest city, the financial capital and busiest seaport. The city has thriving commercial districts, fashionable markets and plenty of entertainment.
Residential real estate option start at the coastline and stretch across the city.
Here is a look at residential areas in Karachi prices between five and 10 million rupees, which are attracting investment from across Pakistan:
1. Defence is an upscale area which lavish homes, verdant parks, prestigious schools and upmarket commercial areas with plenty of shopping and fine dinning options. An expensive area, only plot in Difference Phases VIII and VIII Extension, and houses in Phase II are available in the five to 10 million price range.

Defence Phase II
House (sq yds)                                                       Purchase Price (Rs)
100                                                                            9-10 million

Defence Phases VIII and VIII Extension
Plots (sq yds)                                                       Purchase Price (Rs)
300                                                                         5-5.5 million
500                                                                         7.5-8 million
666                                                                         9-9.5 million

2. Gulshan-e-Iqbal is a microcosm unto itself, with several prominent landmarks including the Civic Centre, the Expo Centre and Karachi University, Gulshan has plenty of educational institutions, hospitals, as well as shopping and dining options.
Houses (sq yds)                                                  Purchase Price (Rs)
120                                                                        6-7.5 million
200                                                                        6.5-7.5 million

3. North Nazimabad was an elite neighborhood in the early 1950. Although this is no longer the case, the area is still very well regarded and has numerous malls, shopping markets, restaurants, hospitals, educational institutions, parks and marriage halls.
Houses (sq yds)                                                 Purchase Price (Rs)
120                                                                        4-4.5 million
200                                                                        6.5-7.5 million
400                                                                        8.5-10 million

4. PECHS (Pakistan Employees Cooperative Housing Society) is spread over six blocks, offer good shopping and dining options and is ideally located in proximity to shopping hubs such as Tariq Road and Bahadurabad. It is easily accessible from Shahrah-e-Faisal.
Houses (sq yds)                                                 Purchase Price (Rs)
200                                                                       8.5-10 million

Property Rentals on the Rise: Pakistan Property

greenoceans2000@gmail.com — Sun, 27 Nov 2011 17:12:00 +0000

Over the last two years, property prices have increased property prices have increased by 10 to 30%, while interest rates on home loans have increased by five percent. These two factors have inhibited residential sale and purchase in property Pakistan prices. As a result, demanded for rental properties has increased by 15 to 20% in the last two years and rents have increased by 30 to 35%. Although the annual rental rate of a property stood at three to five percent of the property's value two years ago, it now stands anywhere between four and seven percent.
If you are purchasing residential property Pakistan with the express purpose of renting it out, keep the following in mind:

Houses

Select small to medium sized properties (200 to 500 square yards) in popular, secure residential areas because they are in higher demand, as a re properties located on main roads.
Look out for houses that can be divided into portions for higher rental yields.
Choose houses that are well-maintained; you will be able to ask for a higher rent.

Apartments

Apartments in complexes that are located on a corner plot facing a main road are preferable and yield higher rentals, as do apartments located on the first floor or second floor.
Apartments in well-maintained and smaller complexes (with 25 to 50 units), usually have higher rentals compared to larger complexes (with 100 to 200 units)
Although premium four-bedroom units may get you higher rentals, they are within the reach of many pockets; you are better off with a standard two- or three-bedroom apartment in a well maintained complex.
Facilities including UPS', generators, overhead water storage tanks and windows grills are an added advantage.

Furnished Office Spaces

greenoceans2000@gmail.com — Sun, 13 Nov 2011 15:29:00 +0000

In addition to location, as well-designed office can make all the difference; the address, along with the interior decoration, can have a powerful impact on your company's image.

As buying office space is an expensive proposition for many companies, renting remains a preferred choice. Furthermore, for smaller enterprises and business concerns, investing in office furniture can be daunting especially in terms of cost and the amount of time spent on construction and design.
As a result, the trend of renting furnished and fully-equipped office spaces (with lighting, furniture, generators, ACs, PABX systems, fax machines and computers) has gained traction.
Rental rates for furnished office spaces are 25 to 30% higher than unfurnished offices and there is usually limited or no flexibility to adapt and change the interiors. Despite these drawbacks, there are many benefits to renting furnished offices.
These include:

A ready to occupy, furnished space is a hassle-free way to get a business up and running within a short span of time.
It is an ideal solution for new and/or small businesses that have limited funds and want to avoid spending money on furniture and decor.
Most furnished office spaces located within purpose-built office blocks provide shared amenities, including a reception, meeting foyers, boardrooms, lunch rooms, kitchenettes, security and restrooms.
Relocating a business becomes easier without the logistical worries of moving furniture and equipment from one site to another.
Professionally designed office spaces have floor plans that are conductive to productivity and enahnce the work flow.

The monthly rental rates, in rupees per square foot, of furnished offices in Karachi, Lahore and Islamabad are as follows:
City       Budget     Mid range Premium
Karachi 90-115     120-200      250-500
Lahore    89-113    117-195      234-449
Islamabad 93-109   136-195      214-468

NB: Commercial property Rating
Premium: Office space ranging from 500-2,000+ sq ft;
Mid range: Office space ranging from 300-500 sq ft;
Budget: Office space below 300 sq ft.

What Five To Ten Million Rupees Will Get You In Faisalabad, Pakistan

greenoceans2000@gmail.com — Sun, 06 Nov 2011 13:48:00 +0000

Faisalabad is Pakistan Punjab's second largest business center. The industrial and agriculture hub, located west of Lahore, has experienced an economic resurgence recently. This has resulted in substantial investment in real estate.
Here is a look at residential areas in Faisalabad priced between five and 10 million rupees, which are attracting investment from across Pakistan:
1. Sitara Sapna City is a project of the Sitara group. A turnkey housing project, it is located near the University of Agriculture and Allied Hospital. Amenities include schools, commercial zones, parks, a community center and underground electricity and telephone network.
Purchase price ranges for houses in Sitara Sapna City are:
Plot size (sq yds)                                                       Purchase Price (Rs)
300                                                                                8.2-8.5 million
450                                                                                9.5-10 million

2. People's Colony, an upmarket residential area on the western side of the canal and adjacent to Kohinoor Colony, is home to Faisalabad rich and famous. The fashionable shopping area, D- Ground, is located there.
Purchase price ranges for houses in People's Colony are:
Plot size (sq yds)                                                       Purchase Price (Rs)
150                                                                                5-7 million
210                                                                                7-8.7 million
300                                                                             8.5-10 million

3. Madina Town, was formerly an industrial area that has been converted into a fashionable, upmarket residential neighborhood. It is located near Susana and Jaranwala Roads; it has parks, commercial areas and schools.
Purchase price ranges for houses in Madian Town are:
Plot size (sq yds)                                                       Purchase Price (Rs)
210                                                                                5.3-8 million
300                                                                                7.6-10 million
390                                                                                9-10 million
450    9.5-10 million

4. Gulberg is an upmarket residential neighborhood. It is located near Faisalabad major commercial zones, minutes away from the Chenab Club, Faisalabad Clock Tower, Jinnah Gardens, Serena Hotel and the University of Agriculture. The National Hospital is also located there.
Purchase prices ranges for houses in Gulberg are:
Plot size (sq yds)                                                       Purchase Price (Rs)
150                                                                                6.7-7 million
210                                                                                7.6-8.4 million
300                                                                             8-10 million

Investing In Canada: Canada Investment & Property rates

greenoceans2000@gmail.com — Wed, 12 Oct 2011 09:47:00 +0000

Investing in real estate in Canada has gained traction other citizens who live in Canada, given that property can be purchased and sold by non-Canadian citizens. If you are living in any country, you should contact a real estate consultant in Canada and shortlist properties. The best way to do this is by asking friends and family members to recommend one. Relations usually charge between three and seven percent of the value of the property. If you plan to rent the property, a property manager will help you find prospective tenants, collect rent and ensure that the property is maintained while you are away. Property manager's fees usually include the first month's rent and seven percent of the monthly rental thereafter. People who are not living in Canada are required to pay the entire purchase price for the property at one go.If you are staying in Canada on a student visit or work visa, you can view and purchase properties and contact a real estate consultant or property manager. To purchase property, you can either buy it upfront or apply for a house loan of up to 65% of the property's value. The remaining 35% will have to be paid as a down payment. The mortgage period varies between 10 and 30 years, interest rates range from three to five percent. Popular property options for the other citizens people are located in areas near Toronto, and include Brampton, Markham, Mississauga, New market, North York, Scarborough and Vaughan. Further from Toronto, cheaper options are available in northern towns including Aurora, Bradford and Barrie where both houses and farmland are available. Approximate purchase prices and monthly rental rates for properties in these rates are:
Type of property Purchase Price Monthly Rental Rate Houses with basements (1700-2700 sq ft) CAD 350,000-450,000 CAD 2,000-2,500 Condominiums (one to two bedrooms) CAD 250,000-350,000 CAD 1,000-1,800 100-Acre farmland with
a farmhouse & Barns CAD 1.2-1.6 million CAD 4,000-5,000 One Acre Farmland CAD 12,000-28,000 N/A

Renting Furnished Accommodation: Get Accommodation

greenoceans2000@gmail.com — Mon, 19 Sep 2011 12:00:00 +0000

Renting furnished accommodation, be it an apartment, house or a portion is gaining traction, especially among people who are relocating for a sort period of time and do not want to purchase furniture or spend money on shipping it. Furnished accommodations can be classified into three categories: Budget: Fully-furnished bedrooms, lounges and drawing/ dining areas with curtains/ blinds; basic bathroom/kitchen fittings and light fixtures. Mid range: Includes the above mentioned features as well as a UPS/generator and air-conditioners. Premium: In addition to all the budget and mid range features, this category includes electrical appliances such as refrigerator, cooking range, microwave, washing machine, TV and entertainment system etc, as well as high-end bathroom/kitchen fittings and lighting fixtures. Home accessories such as rugs/carpets, lamps, paintings and indoor plants are also in place.
Although such a hassle-free arrangement sounds tempting, it comes with its own share of disadvantages, which include:

Rents are 30-40% higher than unfurnished units.
It is sometimes difficult to find a furnished property that matches tenants' aesthetic sense; tenants often have to compromise and live in a space they don't really like.
Some landlords are inflexible and raise objections if tenants want to modify or add personal touches to the interior.

To avoid altercations with landlords, tenants should:

Be very clear on issues such as maintenance of appliances and furniture, the removal of unnecessary items, and the placement of their own furniture.
Settle on a penalty for damaged, misplaced or stolen items.
Obtain permission to rearrange furniture prior to making changes.
Ensure that the above-mentioned points are clearly tenancy arrangement.

The following are the approximate monthly rental ranges (in rupees) of furnished accommodation in Karachi, Lahore and Islamabad.

2-3 bedroom apartments - Budget 11,000-30,000 Mid range: 15,000-50,000; premium: 20,000-70,000
2-bedroom portion/houses- Budget: 25,000-55,000; Mid range: 45,000-85,000; premium: 65,000-105,000
3-bedroom portion/houses- Budget: 45,000-100,000; Mid range: 55,000-150,000; Premium: 75,000-220,000
4 bedroom/portion/houses - Budget: 85,000-200,000; Mid range: 95,000-250,000: Premium: 115,000-300,000

Property Tax Returns

greenoceans2000@gmail.com — Sun, 28 Aug 2011 13:26:00 +0000

Every individual earning a monthly income in excess of Rs 5,000 is required to file an Income Tax Return on September 30, every year. The filing process is fairly simple whether you do it yourself or use the services of an accountant. Either way, you are required to fill in an Income Tax Return Form, in which you have to declare your income and assets, such as property you own
Here are some points property owners should keep in mind when filing their Income Tax Returns:
1. Individuals who own immovable property (such as a house or a plot) measuring over 250 square yards, or an apartment. measuring 2,000 square feet or more, should declare the property in their Income Tax Return. However, no tax is applicable on property owners if they are not renting out their property.
2. Owners who are renting out their property must declare their assets as well as the income derived from the property.
3. Costs incurred due to renovation or remodeling of a property can be included as an expense in the Income Tax Returns. If the amount exceeds your annual income, a tax benefit can be claimed.
Tax Rates on rental income derived from a residential property:
Gross Annual Income                           Tax Applicable
Less than Rs 150,000                            No Tax Applicable
Rs 150,000-400,000                             5% of gross amount
Rs 400,000-1,000,000                          Rs 12,500 + 7.5$ of gross amount
More than Rs 1 million                           Rs 57,500 + 10% of gross amount

Investing in the Outskirts

greenoceans2000@gmail.com — Sun, 28 Aug 2011 13:13:00 +0000

Real estate purchases made with the intent of earning high ROI (Return on Investment)through rental and resale are usually concentrated in urban centers where the value of such properties is significantly high. It is, however, becoming increasingly popular to invest in property located on the outskirts of the metropolitan cities.

Preventing Illegal Property Occupation

greenoceans2000@gmail.com — Sun, 07 Aug 2011 12:01:00 +0000

Due to an increase in the illegal occupation of properties in Pakistan, investment in real estate, especially by Pakistanis living overseas, has decreased significantly.
Illegal occupation primarily takes place when properties are either left untended (such as plots) or when tenants (in the case of houses and apartments) refuse to vacate the premises, and in extreme cases, illegally transfer the property in their own name.
If you have an empty plot, or are thinking of purchasing one, take the following measures to minimize the chances of it being occupied illegally:

Never leave the plot vacant or unattended; have a boundary wall constructed and hire a security guard to look after the plot at all times.
Do not buy cheaper plots on the outskirts of a city or a remote area for a long term investment. Properties in such areas are more likely to be taken over by land grabbers.
Never give unconcerned and unreliable individuals access to original or even photocopied title documents of the plot.

To prevent the illegal occupation of your home or apartment by your tenants, take the following measures:

Always meet prospective tenants in person and run background checks before signing a Tenancy/Lease Agreement: hold on to these documents for later use.
Check the tenant's financial standing and past financial records in order to determine whether or not he/she will be able to pay the rent.

If you are not residing in Pakistan, or are planning to leave the country for an extended period, appoint an attrney to keep an eye on the property and collect the rent on your behalf.
If your property is occupied illegally despite these measures, you will need to obtain an eviction notice from the city court to recover it. In some cases this process takes months, or even years.

Negotiating Renovations: Renovate Your Property

greenoceans2000@gmail.com — Tue, 02 Aug 2011 14:53:00 +0000

Your floors are scruffed, the paint is peeling and the kitchen cabinets are hanging by a hair. Rental property, especially if it is an older one, periodically requires serious renovations. However, sue to lack of communication between landlords and tenants, they are usually delayed.
Negotiations are key when it comes to getting the renovations done. That is why it is best for the landlord and tenant to dettle on ters regarding renovations and upgrades before the deal is sealed.
However, in most cases this problem is tackled only when the need arises and almost always results in altercations.
To prevent this, here are some tips to consider:
1. The rental contract should clearly state the extent of renovation work that can be carried out and also the roles and responsibilities of the tenant and landlord.
2. Send your request for renovation to the landlord via certified mail and ask for a receipt; keep a record of your correspondence as it may come in handy in case of any legal action.
3. If you don't hear back from your landlord, ask an objective third party, such as your real estate agent, to assess the situation.
Alternatively, you can refer to the lease agreement and seek legal aid. If the contract has a renovation clause, deduct the cost of permanent renovations from the rent and save the receipts as proof.
4. Landlords are more willing to pay for practical renovations such as paint jobs, plumbing and electrical work, and security installations such as barbed wires; cosmetic upgrades are less likely to be sanctioned by property owners.
5. A major concern for landlords with renovation requests is time investment; they will be more willing if you offer to do the leg work, which includes finding a contractor and supervising the job yourself.
6. In case the landlords requests the tenant to pay for the renovations, with the understanding that he/she will be reimbursed later, the tenant should invest only 50% of the total amount which can then be deducted from the rent.