The Federal Board of Revenue (FBR)’s amnesty scheme – also known as the construction industry relief package – was unveiled in April 2020. The scheme that assisted builders, developers and buyers immensely is approaching its final days. The potential investors thinking about availing this lucrative offer have to hurry before the time runs out.
To help you get the best benefit from this scheme, we have lined up a few of our top vertical projects – which are FBR-registered and are masterminded by celebrated developers. Let’s first quickly have a look at how the scheme helps give a massive boost to the construction industry.
Recapping FBR’s Amnesty Scheme
Under the FBR’s Amnesty Scheme , the builders, investors and property owners can avail the following relief measures:
- Sources of investment in the construction sector not to be investigated
- Fixed tax regime; tax to be paid in quarterly instalments
- Easy and simple tax registration
- Exemption of income tax and capital gain tax for builders and developers
- One-time tax exemption on capital gains when selling private accommodation up to 500 square yards (house) or 4000 sq. ft. (apartment)
- Fixed deadline for completion of the registered project
- Exemption from withholding tax on building materials and services (excluding cement and steel)
The FBR’s amnesty scheme that moved billions worth of investment to the construction industry is to expire on March 31, 2023, with no extension announced. This is the last chance for investors to secure an ace property asset without having to disclose their investment sources.
Let us help you here:
FBR-registered projects in Lahore that buyers should consider
Madison Square Mall
A graceful 25-storey structure that spans 6 kanals of land on Mehmood Kasuri Road in Gulberg 3. It features a showstopping inventory of commercial outlets and hotel suites managed by Royal Swiss Hotel.
Sitara Serene Tower
A project of the veteran Sitara Heights Pvt Ltd, Sitara Serene Heights offers a glamorous structure that encompasses lucrative hotel apartments and service apartments with a 10% guaranteed rental yield. The project enjoys a superb location in the immediate vicinity of the Central Business District (CBD) in Gulberg 3.
Gulberg City Centre
A landmark development on Main Boulevard Gulberg presents an irresistible inventory of commercial outlets, hotel apartments and furnished serviced apartments. With a mix of first-rate amenities, this development is one of the tallest five-star hotel buildings in the city. The investors of the project’s hotel suites are treated with 10% guaranteed rental yield for 10 years.
A 15-storey building designed as a beautiful landmark in Gulberg 3 at walking distance from the Main Boulevard Gulberg, it offers 1 and 2-bedroom apartments that come equipped with some of the best facilities that you can come by in Lahore.
Located at a short stroll from MM Alam Road, the project enjoys its proximity to the Central Business District (CBD). It is an extraordinary vertical living complex that offers 1-, 2- & 3-bed apartments available on a convenient payment plan spanning 42 months.
The civic and commercial centre covers an area of 1.1 kanal on Ali Ibn-e-Talib Road in Johar Town. It caters to top-tier businesses and companies looking to expand their horizons by attending to their clients in an enchanting manner. This development offers shops and offices on easy instalment plans.
Amanah Noor Serviced Apartments
The units of Amanah Noor Service Apartments have been equipped with imported fittings, contemporary layouts, and first-class furnishings and quality finishes—ensuring an elevated lifestyle. The project’s central location on Wapda Town is among the major reasons behind its immense popularity.
It is located in State Life Housing Society Phase I and encompasses 1 and 2-bedroom fully furnished apartments with stunning layouts and premium finishing. This one is a particular favourite of savvy investors.
Jinnah Square Residential Apartments
It offers tastefully designed 1 & 2-bed apartments in the frequented neighbourhood of Architects Engineers Society. The high-end residential project offers premium living standards.
Located in Gulberg 3, this ground-plus-six-floor complex features loft-style 1, 2 & 3-bedroom apartment units designed to exude classic charm.
Located on Zafar Ali Road-Gulberg, Zameen Quadrangle offers seamless access to the entire city. The gorgeous apartment complex is the first choice of our overseas friends. Here, you can buy 1, 2 & 3-bedroom apartments and penthouses. Booking a unit here means that you can pay your instalments in 30 months and possession in just 15 months.
Located in Land Breeze Housing Society, if offers contemporarily-designed Studio, 1-, 2- & 3-bed apartments. The project is 90% sold out and offers a limited deal to buyers, where they can pay in 36 months and gain possession of their unit in 6 mere months. If you wish to move to your own cosy and classic residence in Lahore soon, this is the project for you.
Another classically gorgeous apartment complex in Gulberg 3 features stunning designs and a covetable array of amenities. Interested investors can get limited units in Zameen Aurum by paying in 24 months and getting possession in 12 months. The inventory of the project includes studio, 1-, 2- & 3-bedroom apartments, single-storey & Duplex Penthouses and service outlets.
If you are interested in any of these projects, reach out to us via WhatsApp or the attached inquiry form.