Introduction:

Ramadan has started, and for all Muslims who have made investments and qualify for Zakat, it is crucial to calculate the Zakat accurately. One of the factors that need to be considered for Zakat calculation is the market value of your property. Housing Associates understands the importance of Zakat and helps you by providing the current market value of your property in Bahria Town Karachi. In this article, we will discuss the current property market situation, the property rate conflict, and the prices of 125 sq yard plots in Bahria Town Karachi.

Market Crash:

The property market in Pakistan has suffered a crash, with every type of business experiencing a slowdown. Political instability is the reason behind the disturbance of all businesses in the country. The markets of Bahria Town Karachi and DHA city have suffered a significant decline in the last year, and the majority of sellers are not willing to sell their property due to the drop in rates.

Property Rate Conflict:

Due to the drop in property prices, many sellers do not accept the fact that their plot has a lower value. Housing Associates is providing a market rate guide that will have both higher and lower prices. Customers can decide to calculate their zakat based on either the market price or the higher price/investment price.

125 Sq Yard Plot Bahria Town Karachi Prices:

The live prices of Bahria Town Karachi are available on our LIVE PRICES PAGE. However, we have compiled a list of current prices for customers who want to know the prices after 23 March 2023.

Developed 125 sq Yard Prices

1. Precinct 10b: 40 lac to 45 lac
2. Precinct 11b: 43 Lac to 55 Lac
3. Ali Block: 53 Lac to 70 Lac
4. Precinct 14: 50 lac to 55 lac
5. Precinct 15: 54 Lac to 60 Lac
6. Precinct 27: 40 lac to 46 Lac
7. Precinct 28: 40 lac to 45 Lac
8. Precinct 23: 33 lac to 38 Lac
9. Precinct 24: 33 Lac to 38 Lac
10. Precinct 25: 35 lac to 40 Lac
11. Precinct 26a: 38 to 42 Lac
12. Precinct 31: 39 lac to 43 lac

Non-Developed 125 Sq Yard Prices:

1. Precinct 15a: 38 lac to 44 lac
2. Precinct 15b: 35 lac to 38 lac
3. Precinct 27: 34 lac to 40 lac
4. Precinct 28: 32 to 38 lac
5. Precinct 23: 30 to 35 lac
6. Precinct 25a: 28 lac to 30 lac
7. Precinct 26a: 28 lac to 30 lac
8. Precinct 61, 62, 63: 12 lac to 19 lac

FAQ

1- What is zakat, and who is eligible to pay it? 

Zakat is an Islamic religious tax that is paid annually by financially able Muslims. It is one of the five pillars of Islam and is calculated based on an individual's income and assets.

2- How can I calculate the zakat on my property?

To calculate the zakat on your property, you need to know its current market value. Housing associates can help you determine the market value of your property to calculate the zakat accurately.

3- Why is the property market in Pakistan experiencing a crash?

The property market in Pakistan is experiencing a crash due to various factors such as political instability, economic recession, and a decline in foreign investment.

4- Should I calculate my zakat based on the market value or the higher investment price of my property?

 It is up to the individual to decide whether they want to calculate their zakat based on the market value or the higher investment price of their property. However, it is recommended to consult with a financial advisor or a religious scholar for guidance.

5- How can Housing Associates help me with calculating my zakat?

 Housing Associates can help you determine the current market value of your property, which is crucial for accurately calculating your zakat. They can provide you with a market rate guide and assist you in fulfilling your religious obligation.