Lahore Real Estate Forum

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(39)
Sunday, May 15, 2011 01:37 AM PST 



As seen on Map (Phase 8 Proper) mostly plots 1 Kanals are single line plots along major roads, its means entry will be from back roads not on main roads like 100' , 120 ' etc.

It is observed that almost all phases have only three entry points, better from security point of view as DHA/residents will need only three checkposts/guards for one sector but again area will not give a look of posh locality as backside will be facing main roads & we never maintain backside, all effort & money is spent to maintain front side

Posh area of phase-8 is ONLY Ex-Park view area with two kanal, one kanal
10 marla plots and one of the most graceful entrance road with major utilities. After this air avenue is also nice but with only Kanal and 10 marla plot. These two area of DHA phase -8 are secure and have DHA security checkposts/guards.
DHA Phase-8 Proper have very bad outlook.

Jameel replied on Sunday, May 15, 2011 03:54 AM PST 

Your logic is correct but unfortunately market price is by Bheer Chaal, that is why Toyota Corolla 74 was better than later models

PROGRESS replied on Sunday, May 15, 2011 01:09 PM PST 

May be this is beacuase phase 6 and 7 are much bigger than 8 and to make smooth trafic they are willing to have clear roads in dha 8 for future.

Parkview Lahore replied on Sunday, May 15, 2011 02:36 PM PST 

Fakher-ul-Hassan sahib huge villages view from every plot in Parkview or Air Avenue is the main reason their prices are still lower than DHA5 or DHA7. On going litigation of hundreds of plots in Parkview is also keeping new buyers away from it.

LRE Hot Topics replied on Sunday, May 15, 2011 03:05 PM PST 

LRE Hot Topics

Parkview Lahore FAQ replied on Friday, September 2, 2011 11:24 PM PST 

Tags: Parkview Lahore FAQ
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(38)
Saturday, May 14, 2011 04:41 PM PST 

It has been learnt that in DHA-8 houses front will not face towards main road, i.e. backside of houses will face towards main roads. How main roads & whole area will look ? At least I have not seen or heard about any such housing scheme in Pakistan. Just imagine one is driving on main road viewing houses backside, what impression will he get about area ? Service roads are always provided to avoid direct entry to main roads but front elevations are really beauty of any main road & area. I request Mr. CMY & others gurus for comments please.

Habib replied on Saturday, May 14, 2011 05:32 PM PST 

This I heard first time, but if it is so then it may be to keep main road hessel free or they what to keep main road at quite high level and give tapering road only at certain exit points, As you know in most of areas of DHA 8 level is quite low so 2nd is most likely factor, Now if it happenens like this then plots on main roads will lose lot in value. Would you specify which main raods you are referring to

aj-Pakistani replied on Saturday, May 14, 2011 05:56 PM PST 

Saeed sahib must be referring about block Y. DHA shouls look into measures so that owners of plots close to ring road do not suffer. Level of polts should commensurate to the level of road. And what is the harm in allowing the houses to face the service road. A little more rationalisation and a win-win situation can be created by DHA and Punjab government. Any comments?

Lahore DHA 8 Broadway replied on Saturday, May 14, 2011 05:58 PM PST 

CMY replied on Thursday, May 12, 2011 04:52 PM PST

V366 is worth 60 lacs. Please keep in mind your house entrance will be on 50 feet side and there will be no entrance from Broadway for any plot.


Ch Mujahid Yasin
03224009967

doctor replied on Saturday, May 14, 2011 09:17 PM PST 

hi
i agree with saeed .
this cud b the opinion of cmy but practically it not possible and i have not seen such thing in 9/10 countries of the world i have visited.
if its still so ,dha has to justify it.
2ndly commercial area and hospital/park -will they have the entry from back road???

Jameel replied on Saturday, May 14, 2011 10:12 PM PST 

Saeed very good observation, if you see carefully it looks quite Obvious that thee Kanal plots om Main may not be given entry from main road and Broadway will serve as highway, I Think they want to keep it wide so dont want to give service road,
That can be also true that level of all DHA 8 be lowered by 6,7 feet as compared to Broadway as too much earth filling is not possible

Doha Visitor replied on Saturday, May 14, 2011 11:34 PM PST 

As i seen on Map (Phase 8) mostly plots 1 Kanals are single line plots along major roads, its means entry will be from back roads not on main roads like 100' , 120 ' etc. Only 2 kanal plot are from Main roads cos back side are attached kanal plots. This is my observation from map. This need to correct by CMY or other knowledgable persons.

Saeed Chaudhry replied on Saturday, May 14, 2011 11:45 PM PST 

It is observed that almost all phases have only three entry points, better from security point of view as DHA/residents will need only three checkposts/guards for one sector but again area will not give a look of posh locality as backside will be facing main roads & we never maintain backside, all effort & money is spent to maintain front side

Fakher-ul-Hassan replied on Sunday, May 15, 2011 01:21 AM PST 

Posh area of phase-8 is ONLY Ex-Park view area with two kanal, one kanal
10 marla plots and one of the most graceful entrance road with major utilities. After this air avenue is also nice but with only Kanal and 10 marla plot. These two area of DHA phase -8 are secure and have DHA security checkposts/guards.
DHA Phase-8 Proper have very bad outlook.

Khan replied on Sunday, May 15, 2011 01:35 AM PST 

All environment sensitized housing has this as rule. In Bahira Phase 8 in Rawalpindi, they are doing the same. It is in fact in the interest of the owners of the plot. I think it is only in Pakistan that people like to have a home at main road, airports and near commercial areas! Strange!!!!

ASK replied on Sunday, May 15, 2011 02:22 PM PST 

As Khan Sb., has mentioned above this is exactly how it should be and thath is exactly how it is in most developed countries. You never ever have houses opening on a Main road. Before commenting on how it will look, please take a drive on the Main Boulevard along the Defence Raya Villas they are also backing on the Main road.

Visitor replied on Sunday, May 15, 2011 02:47 PM PST 

As a safety point of view is good, due to busy main roads entering and and exiting from house is difficult

CMY replied on Sunday, May 15, 2011 02:49 PM PST 

There is no official word from DHA in this regard but many people in DHA are confirming for pasdt many months all two sided open plots in DHA8 will have access from smaller 50 feet road side only to keep good flow of traffic on larger roads, for security reasons and also for help to keep DHA8 development costs lower. Keep in mind DHA8 most areas are 8 to 15 feet deep from Broadway road level. Its not possible to fill all land in deeper areas and its easy to have main roads of 100 feet and 150 feets much higher and 50 feet streets at lower level for houses entrence etc.

Lets assume you have a two sides open plot on Broadway in V block. On 50 feet road infront your plot there is a house. Will it look good to have a entrence 10 feet higher on your house on 50 feet side while front side of your house entrnce will be 1 feet above Broadway road level. Yoy will arrgue that we could keep Broadway side 1 feet above broadway level and back side one feet above 50 feet road level to match house in infront of you. This practice will not look good and may cause lot of problem with DHA bylaways etc too. So DHA may allow access from one side only. There are will be huge mess in tranfic flow even if there is service road because 1000s plot are two side open in DHA8.Due to this its not possible to give access from both side. DHA have huge number of plots two side open and mostly in area when raw land is deep. DHA8 was planned to keep all these things in mind.

Ch Mujahid Yasin ( CMY )
03224009967

LRE Hot Topics replied on Sunday, May 15, 2011 03:01 PM PST 

Post added to useful posts list. View MORE Useful Posts Click on >>> LRE Hot Topics

Naveed Yaseen replied on Sunday, May 15, 2011 03:19 PM PST 

This pattern is very common in US, and doesn't feel odd.
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(37)
Sunday, April 24, 2011 04:00 PM PST 
A class Construction Rates

On the request of many friends the enclosed tentative estimates are for 1kanal A class construction.
Variation +/-5% may occur on case-to-case basis.

Observer replied on Sunday, April 24, 2011 06:39 PM PST 

Thank you brother. But pls mention if these rates are current, and for which area and by which type of contractor?

Dilbar replied on Sunday, April 24, 2011 10:03 PM PST 

For a 20 marla (1 Kanal)home the cost is 1 cror 34 lacs 50 thousands ... I beg your pardon but I think it is high and does not seem reasonable.

Some other experts should comment on these rates.

ks replied on Sunday, April 24, 2011 11:03 PM PST 

Rates exactly match closely for what I am paying.

Asif replied on Monday, April 25, 2011 12:44 AM PST 

Request to CMY.

Please comment whether A class construction done through LRE shall also cost same or there shall be any difference.

Fakher-ul-Hassan replied on Monday, April 25, 2011 12:45 AM PST 

7500 X 1793 = 13447500/=
7500 is total covered area and 1793 is rate per sq.ft. Basement area cost Rs.200 more.

pardesifr replied on Monday, April 25, 2011 01:26 PM PST 

PardesiJ, the price of basement seem too expensive, as there is anothe person who posted 2-3 days back for a 10 marla plot and his price was way lower than yours, your plot required any special treatement for basement to be so costy ? 50 Lakh just for basement, that is too much, you could have constructed a new house of 10 marla in this price :S

a. moeed replied on Monday, April 25, 2011 01:32 PM PST 

dear bro Dilbar,plz take a breath as the amount of 1 crore 34 lacs includes constructional price for basement, ground as well as first floor.

Pardesi, Jeddah replied on Monday, April 25, 2011 02:19 PM PST 

My initial reaction was more harsh as I was not able to resist the temptation when I arragnged funds for the house building but the rates seemed unreasonable. I also had offers lower then this but I didn't compromise on quality as the house building is not lego blocks. As I said earlier ~+/-5% is contingent upon area & contractor.

The catch here is, as I believe, to go for the basement at these high rates at a plot lessor than 1kanal while enjoying same covered area of a normal kanal plot w/o basement; the only saving that can be achieved is from the building of Basement + its long term benefits. Lets say 5,000 to 5,200 sqft covered area at construction cost:Rs 8.5m to 9m + plot cost:Rs 4m to 4.5m totalling Rs 12.5m to 13.5m

Pardesi, Jeddah replied on Monday, April 25, 2011 03:06 PM PST 

If you observe closely, above is an interactive WS that allows estimation of price at different stages & their completion percentages.

If you spread out the construction period & you can arrange funds later on while finishing any one portion:
Lets say Basement & First Floor upto the Grey Structure & Ground Floor 80% complete. This requires only Rs 8.5m out of 13.5m (postpone Rs 5m) in the above example.

OR any such combination that allows you not to spend the full amount in one go.

FCA replied on Monday, April 25, 2011 03:42 PM PST 

Pardesi sb,
Excellent presentation (makes me wonder if you're an accountant!). It is really good to see someone sharing hard data that others can use and benefit from.

masifjamil replied on Monday, April 25, 2011 08:11 PM PST 

Its a good presentation. However i have experienced some higher rates especially in wood work and marble. If you choose some solid wood for doors / chokhat like Diyar, your cost would be almost double than the above rates. I also think that the cost of marble like boticena 4 sooter have been incorporated in the above sheet as the diversion to some quality marble esp 6 sooter size cost too much and your cost may be higher by Rs. 1.0 million additionally.

Adil Saeed replied on Monday, April 25, 2011 08:41 PM PST 

We only do A class construction jobs. We dont touch B or C class.

LRE Hot Topics replied on Tuesday, April 26, 2011 03:00 PM PST 

Post added to useful posts list. View MORE Useful Posts Click on >>> LRE Hot Topics

Muhammad Nasir Abbas replied on Tuesday, April 26, 2011 07:01 PM PST 

Dear Pardesi, Jeddah
Can you please share this excel sheet with me. My email address is m"dot"nasirabbas"at the rate of"gmail"dot"com.
Thanks in advance and may ALLAH make your house Mubarak for you & family.
Ameen.

JS replied on Wednesday, June 22, 2011 05:49 AM PST 

I think it is wxpensive...

Mehr Liaqat Jalvi replied on Wednesday, September 26, 2012 07:11 AM PST 

if someone can tell me whats is construction rate for RCC building in rural areas ?please quote me rate inclusive of (material+labour).whats is upcharge for paint/whitewash ?


cell Mehr Liaqat Jalvi
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(36)
Tuesday, April 19, 2011 01:37 AM PST 


What will be the status of Broadway Commercial, Air Avenues and especially PARK VIEW with the widening of Bhatta chock and Airport road up-till METRO? I think the people from phase 1,2,3,and even phase 4 will prefer to travel via this rout again instead of much longer rout of 11-12 km through Phase-5 and Phase-6 to go to AirPort and Barki road.
Also with again change of map of Phase-8 which is coming as the MILITARY DIARY FARM land has been taken over by DHA, the Roads through Air Avenues and PARK VIEW will be connected to the Phase-8 so these two areas of DHA phase-8 will be become the entrance for phase 8 and Phase-7.

Best comments please.

Abdul Salam replied on Tuesday, April 19, 2011 09:27 AM PST 

Obviously the shortest and less time taken routes will be more convenient. There will be lot of settlements to be observed with the passage of time. The places and plots having attraction now may become unpopular and vice versa.

JUJ replied on Tuesday, April 19, 2011 08:31 PM PST 

Please provide your source of information regarding Military Forms.
regards

Well Wisher from KSA replied on Tuesday, April 19, 2011 09:04 PM PST 

i heard that vast fields along sides are punjab dairy farms and there was negotiations in between DHA and Punjab govt which i think now settled and DHA is taking over this land. but is this land will be new phase from DHA or the extention of DHA 8 proper along with Askari 12. if so does whole map of dha 8 proper will be changed or what....?. as regards the expansion of bhatta chock widening i think both routes to airport are equally important and surely the importance of commercial broadway will also be increased.

please CMY sb you also comment on this ?


regards

Mohammad Saeed replied on Tuesday, April 19, 2011 10:41 PM PST 

Any hope or good news about clearance (litigation) of Phase 8 (Parkview)J block?
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(35)
Thursday, April 14, 2011 06:10 PM PST 
DHA - 6 Jewel DHA - 8 Diamond DHA -9 Hot Sale How Tre ?

Dear Friends :flg
It is easy to predict the young pony will be equally good like father but role of brought up and training can not be ignored.

I understand so is the case “ saying DHA-6 a Jewel “

If DHA is the best housing scheme dose not mean all incoming phases will be equally good. We noticed gradual improvement in each phase of DHA from 1 to 3 but then there was a drop of standards in phase 4. DHA tried to improve in phase 5 but no way near DHA-3. DHA - 6 can be other try of this improvement.

I think this is what CMY Bhai has noticed and called DHA-6 a jewel.

He might have advised whole heartedly but I believe it is an attempted to push crawling and sick real-estate business.
I would suggest buyers to stay away unless DHA does not improve on his own, healthy sign of financial and political stability is also important before buying. After these comments friends can pop up in buying but I would like to remind them it is not necessary that his prediction is always right.

I can give few examples where CMY Bhai was wrong in resent past.

One stage CMY said DHA-8 file is like a diamond in hand; similarly DHA 9 was the hot favorite of him, asked who have purchased in these phases how they feel today ?

His prediction on gold is wrong too and Gold has higher by USD $ 100 since he predicted.
(Gold Price USD $ 1368/ Ounce today Dated 16/10/2010)

CMY replied on Sunday, October 17, 2010 12:32 AM PST

BTW at this time Gold is the worst possible investment in my opinion. As a day trader in US stocks for more than 12 years I could tell you there are over 90% chances any NEW investment TODAY in Gold will give you huge losses in very near future. Please do save my post and we will have a talk about Gold in after 6 months. )


I know Bhai has lots of experience, keep a close eye and work hard. We appreciate and value his saying but he needs to re-evaluate his work-out to be more accurate before prediction,

“ it is matter of credibility now “.

Wishing him best of health and prosperous life.

observor replied on Thursday, April 14, 2011 06:36 PM PST 

In my opinion, we may have a discussion over DHA while keeping the personalities out of it. While we may not agree with CMY's opinion or predictions (predictions as the work suggests are uncertain), there is no point in hitting the personality. He may have been right all along and at the same time could be wrong in his next expectation since we cannot predict future from the past. I for one do not agree with his DHA 8 and 9 thesis for my own reasons and thats how markets are; sum total of all information.

ALF replied on Thursday, April 14, 2011 06:53 PM PST 

I agree with observer, no need to point out the personalities. He is suggesting from his experience and knowledge and never forget, he is in the business to earn rightfully.
Being there in the market in the past few days, i can tell you for sure that the current condition is hype. The correction will follow soon. No matter how good the phase is, you need actual demand. The investor will buy and the investor will sell but for the solid market you need real buyer who do want to live there. This is from where the correction will come. Current hype is because investors got active but when the real buyers will be hard to find then the prices will be normal again. Will be inshaAllah in around 3, 4 months time.

CMY replied on Thursday, April 14, 2011 09:37 PM PST 

Dear JK DHA 9 go up or down DHA 6 will go up or down DHA 5 ext go up or down or DHA 8 will go up or down I will still be making money. And let me assure you its 100 times more easy to make money in dead or falling market. I wont make money from rising prices as I dont have free funds to make any property investments. I only make money from deals commission. And I only make money when I concentrated on making deals. Instead of spending 2 hours on posts today I should have spent that time to lock some deal. I always forget to make deals and waist my time on writing these lengthy posts.

Dear JK gold was never going to benefit me and will not benefit me now if it is/was up or down. Please keep buying gold if you think it will rise further and I will be happy too if you get money. I like to make sure first I dont lose my investment money as money makes money. Only after I am sure I wont loose my money I look for how much I will gain from my investments.

You are right though I should not make any predictions about any thing as I have been wrong a few times in past in my predictions. I may have gotten little excited recently after seeing some positive movement in property market. I apologize for my posts today and If most friends want moderators are allowed to delete my posts.

Please also keep in mind I have said in most posts do a lot more research on your own and do buy or sell property at your own risk. Due to time shortage I was not able to add this warning to my post today as it was still continuing discussion from my end.

Again I am sorry for my posts today or in past.

Middle East replied on Thursday, April 14, 2011 11:02 PM PST 

Dear CMY,
No need to say sorry they will see rise in property businees with 4 to 5 months specially DHA.

Nobody is 100% but even whatever is situation in Pakistan we all foreigners wants to invest their hard earning in their own home in Pakistan I think CMY is prediction is 95% is near about reality I know near about 15 to 20 who wants to invest in Dha phase 6 right now coz people (Pakistani) came for vacation on Eid & invest their MONEY IN REAL ESTAE business so sure price r going higher than current within 4 to 5 months that sure.
CMY carry on Ur prediction u give us great knowledge about real-estate in PK.

Great Work done by CMY thanxxx to u.

Middle East

JK replied on Friday, April 15, 2011 12:01 AM PST 

There is a saying business can get sick but never die so is the case of real estate.

My attempt to write this post was to share my point of view and not to insult or degrade any one. CMY is for superior and I have great respect for him. I apologize from every one who felt me wrong and I apologize from CMY in particular.

Any one can be wrong in prediction; my prediction on gold was same as his six month earlier. He can be right here on the issue of DHA-6 , But I am confident that in current financial and political scenario there is NO hope of recovery of real estate business.

Real estate is a win / win business if you have time and one should not expect any profit in short term ie under 5 years

WatchList- Canada replied on Friday, April 15, 2011 02:36 AM PST 

Investor buys from Investor and prices keep going up and they all wait for some OVERSEAS BAKRA to buy at peak price at the end, and he would never be able to sell at that peak price.
This is the game in DHA. Some real estate websites are creating Panicky and overseas think market is going up. Dealer's words drive the market not the actual market conditions. I would prefer to buy 2 or 3 Kannals in 80-85 in some average society rather than buying 1 kanal for this price in DHA.
One Kanal is very small area to build a nice house. No lawn, narrow garage, and small rooms. I lived in a six Kanal house in an average community. Amazing feeling in a bigger house. Does brand name matters? Think before you invest.
Carefully watch credibility of DHA. If NLC has fraud scandal this could also happen in DHA.

Fakher-ul-Hassan replied on Friday, April 15, 2011 06:20 PM PST 

mr Watchlist- Canada. Does brand name matters?
I think there is difference in LEXUS and Bedford truck. One Kanal in DHA and 3 Kanal in Bharia town or NFC. Look at the facilities and organisation reputation.

WatchList- Canada replied on Saturday, April 16, 2011 09:04 PM PST 

OK,Mr. Fakher,what's next if someone buys LEXUS. Question is, does he has money for petrol? Better cut your coat according to your cloth.NFC is also a reputable organisation... so whats's wrong. EME is under DHA and after over 15-20 years they are still draining sewerage water in empty plots.Is this what u called brand name.

What I have observed since last five years is that over 50% of robberies in Lahore took place in DHA. Is that the standard of security that reputable organisation has?
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Wednesday, August 19, 2009 04:38 PM PST 
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