Two Pakistani national housing policy


Pakistan's national housing policy stipulates that foreign companies must form a consortium with local companies, that is, the establishment of a joint venture and the approval by the Securities and Exchange Commission ( SECP ) before the real estate development.
(A) Pakistan land policy
Land is divided into residential land use, commercial land and industrial land. The acquisition of land must take place according to the law of land and through a unified and transparent market price system and procedures. All land transactions take place through auctions, but do not include low-income homes and land for welfare purposes such as universities, hospitals, schools and parks.
(B) housing credit policy
Housing Credit Corporation ( HBFC ) loans per year from the current 12 crore next year to raise 70 crore. HBFC introduced a large loan program and established a low-interest loan program with other financing agencies to provide loans to low-income families.
(C) the real estate development in the major preferential measures and regulations
1 . Annual withholding tax on real estate development companies does not exceed 1% .
2 . One-stop service for all taxes.
3 . Banks and development finance agencies can lend machinery and equipment for real estate construction companies.
4 . Local contractors and foreign contractors receive the same treatment in terms of financing, guarantees, payment terms, bonds and penalties.
5 . Stamp duty and registration fee reduced to 1% of the total tax .
6 . Real estate construction company imports of machinery and equipment and parts allowance can not be higher than 10% .
Real estate Investment Opportunities for Overseas Pakistanis


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