Real Estate

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The FBR has suspended new property valuations until January 16th.

KARACHI: According to an official, the Federal Board of Revenue (FBR) has delayed new property valuations until January 16 to investigate anomalies raised by important stakeholders. “It has decided to review and revisit the notified valuation tables wherever overvaluation or undervaluation is pointed out by the stakeholder including real estate agents and town developers,” the official said. “All...

Property verification has been launched in Islamabad to combat real estate fraud

• The DC says purchasers can check the status of their land for free before finalising a deal. • Overseas Pakistanis will be able to use the facility after one week. ISLAMABAD: The capital administration began property verification on Wednesday to combat land-related fraud in the city. Deputy Commissioner (DC) Mohammad Hamza Shafqaat inaugurated the Property Verification Centre (PVC) at the...

Protesting realtors have threatened to close Islamabad’s major roads on December 10th

ISLAMABAD: Real estate developers and builders have criticised the Federal Board of Revenue’s (FBR) recent property valuation and have threatened to hold protests on the Faizabad and Islamabad Expressways on December 10. Sardar Tahir Mehmood, president of the Federation of Realtors Pakistan and the Islamabad Estate Agents Association, stated that it appeared the FBR was determined to repeal the...

FBR issues fresh, revised valuation of immovable properties

KARACHI: The Federal Board of Revenue (FBR) notified fresh and revised valuations of immovable properties for various cities across the country on Wednesday to bring declared prices in line with fair market value. The FBR issued valuation and revaluation orders for immovable properties in 16 cities across the country. Abbottabad, Attock, Bahawalnagar, Bhawalpur, Chakwal, Toba Tek Singh, D I Khan,...

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