Name
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Details
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| 71) |  |
| Iqbal |
| | City & Country:
- | |
 Friday, July 2, 2010 09:08 PM PST Reply: 
Dear all,
I would like to purchase 1 Kanal plot to make house for my own living in a gated community after 3 years near to Thokar Niaz Beg on Canal, Multan or Raiwind road.
For this purpose I visited 3 socities last week namely Lake City, Bahria Town sector C, Sukh Chayan. All seems to me good as per their development standard and facilities.
I need advice from you that which one I should select out of three for living after 3 yrs where all facilities like school, hospital, Mosque, shopping malls, Gym. etc will be available by that time. If you select any society, please also select the best block and street and market price to there in order to decide.
Thanks for your help and sincere advice.
Regards
Thanks for your expert opinion.
Regards
Decision replied on Friday, July 2, 2010 10:24 PM PST
you know I can understand people on this forum asking for investment advice and pros and cons of real estate investment but what I can not understand is that why people ask complete strangers where to make a house the place where one is to live and spend there life and raise there kids. A person should at least know this much for him self. Iqbal just chose a place where you feel you would be comfortable and can enjoy life with out worries of distance, socially cut of from population and most of all security. |
visitor99 replied on Saturday, July 3, 2010 12:26 AM PST
i think its better to get information before investment.last descion is always your hand.try lakecity villas,but try to get in dreams streat villas,very beautifull location. |
shahid replied on Saturday, July 3, 2010 08:59 AM PST
all blocks of BT under cnstuction. After three years go for janiper or overseas enclave B batch. It is too cheap now a days and is on negative side. But after three years it will be same as other blocks of BT. Every facility available in BT sector C including cinema and medical college. |
Daniyal replied on Saturday, July 3, 2010 12:13 PM PST
Go for Vaencia/NFC Society.
Price 1k 35-45,
10M 25-30.
Secure and fully developed |
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| 70) | |
| Iqbal |
| | City & Country:
- | |
Tuesday, May 18, 2010 02:36 PM PST Reply:
Dear all brothers,
I worked abroad for 10 years and now settled in Pakistan. I have saved Rs. 60 lacs which is my hard earned life money. I want to invest in a place from where I could get some monthly return to meet the house expenses. I have option either to invest in 1, NSS (although some people say it is interest, but guaranteed profit each month),2, Meezan Bank, 3, BankIslami, 4, any good mutual fund.
If I invest in NSS,Meezan,Islami Bank, I can get at least Rs. 50000 pm, however, I am also thinking that after 5 years there will be devaluation of my amount. Some people suggest to invest in stock market only either in big companies like OGDC, PPL, MCB, NBP, PTCL etc. etc. or in mutual fund. As per them in this way I can get some dividend each year and amount will also appreciate. Can I ask from the experts who have practical experience to give their sincere advice which option should I take to invest and get monthly income.
I cannot go at all for property or in any business and even do not want to tell to anyone about this issue as nowadays nobody is taking care of anyone except to get the money from overseas.
Thanks for your understanding and your comments.
Regards
AD replied on Tuesday, May 18, 2010 02:48 PM PST
I am almost in the same situation and here is what my viewpoint on the options that you have mentioned.
- Banks and National Savings etc. are Interest/Ribaa/Sood. So avoid them.
- Stock Market is too risky as this is the only money you have got. So not a good option and no guaranteed return.
- Mutual Funds are mostly tied with stock market performance. But even those that are not tied with stock market, do not guarantee you will get a regular monthly income
Apologies that I cannot offer yon an alternate as I am also looking for one.
. |
AD replied on Tuesday, May 18, 2010 02:56 PM PST
Further to my above-mentioned comments, the one option that I am considering (though you have mentioned in your email that you are not interested in property related things) that buy a small plot in Islamabad...G13 or E11 and build a two storey house and then rent it out. In Islamabad, you should be able to get a 30x60 or 25x40 size plot in around 30-35 and then spend the remaining 25-30 on the construction. These two portions will earn you a regular monthly income of at least 40,000. It will be completely Halaal. Also, the value of the property will go up every year to beat the inflation. |
Kamran replied on Tuesday, May 18, 2010 04:54 PM PST
I would suggest, nuy a shop in a good mall. you can get a shop in 30-40 lacs, than spend 5-10 lacs for arrangement and goods. Inshallah, it will give you good income and halal rizk. loose fabric is one of the option that you need many people to work for you and its in high demand in ladies. |
Iqbal replied on Tuesday, May 18, 2010 05:01 PM PST
Dear AD,
Thanks for your comments and wish you also for your good option. I am in Lahore and difficult to take plot in Ibd and make house and give on rent. I had given one small house 25x50 in G-11 on rent in 2004 on 10,000 pm when I was abroad. When I came Pakistan and saw my house that was in terrible condition and I had to spend lot of money for repair and then sold out. That is why I mentioned that no good return in property investment as it is long term investment.
My one friend booked one villa in Lake City of 14 Marla which cost around 8 Mio and will be ready after 2 months. Now he is thinking what to do with that villa either to sell or rent. If he give on rent (may be around 30000-35000 pm )but he afraid tenant will destory his villa. He think that after spending 8 Mio, rent of 35,000 is not good return, while he can get around 70,000 pm from any Islami Bank which he is considering to do. I told him not sell and get the rent even 30,000 as may the price will increase in future as it is new society and will take time. He is working in Saudia and made the payment by installments. He is asking me what he shoud do now. Can anybody mention that should he sell and invest somewhere or give on rent even on 30000 and in future price will gain so that I could tell him about your comments which will help him
Regards |
AD replied on Tuesday, May 18, 2010 05:12 PM PST
Brother Iqbal
All that you have mentioned in your recent post is absolutely correct and this is the downside. And this happens only in Pakistan. Elsewhere, the tenant has to return the house in the same condition he took or pay for repairs. Thats why people use accommodation carefully. I am also not in Pakistan and had paid few hundred dollars to landlord when I vacated one of my rented apartments because my daughters draw few lines on the walls!!! But in Pakistan, tenant just destroy things.
But I still believe its better than Interest/Sood from Banks etc. No bank in the world is Islamic. They just change the terminology.
The other option is to buy a small apartment in Dubai and rent it out. You can get very good return. I have a studio apartment in Dubai that is giving me good yearly income.
One other option is buy a shop in the recently constructed Business Bay in DHA Islamabad. On an investment of 30-35 lacs, there is a guaranteed monthly income of 17,0000-20,000 (one year advance).
. |
Zulafqar replied on Tuesday, May 18, 2010 06:21 PM PST
Iqbal Shahib,
I'm also in the same boat as you and in my opinion, diversification will be better in this situation. You can fix some amount in any Islamic Bank (sood free), while some amount can also be invested in property, which can be rented. You can also invest some amount in any good mutual fund. Diversification about various asset classes is the best way, in my opinion.
This is really tough stage and me too working on it. Please do share your decision which you'll make after completing your research.
Zulafqar |
DN replied on Tuesday, May 18, 2010 08:48 PM PST
Dear Iqbal/AD
By reading the above post,it seems that overseas pakistanis are all in the same boat.I have through all these phases.I think the best option is a shop in a good commerical plaza,that offers return.Follow a simple formula,For every 1 lac you should get 500-600Rs as a return.Avoid going to banks/share.National Saving Certificate is an option,but it does not seems right from the religious point of view.I think its halal for elderly people who cannot work anymore and have invested there pension money for running there life.Young people who work should avoid it.
Property or a house is a good option if someone is there to look after it and should be on the tennants head,atleast once a month.You can get good and bad people both.Plus residential property requires maintaince,please dont forget the property tax ,its equal to 2 1/2 months rent.Commerical property is the best.I dont know about dubai/middle east,here in europe property and rental have all gone very low.
Thanks |
Like_DHA replied on Tuesday, May 18, 2010 09:23 PM PST
Hi,
the idea of a SECURE income does not exist, you have to take risks, so Banks should be out of question, a business will return more than house, and more secure as tenants cause many problems, (I have been through this too)...small business still has a lot of potential, target population-related matters, a good book shoop, food stuff, pharmaceutical,,,,but you ought to have natural interest in that and study it well before jumping in...You can do something related to what you have been doing in last 10 years...You dont need time to learn that... |
Iqbal replied on Tuesday, May 18, 2010 10:19 PM PST
Dear DN,
Your idea to buy shop for rent is not worth. The reason is if you buy shop in the best plaza in Lahore like Siddiq Centre with price of 30 lacs, you cannot get rent of even 15000. If you visit on Mez floor you will find every shop for sale with same price and for rent max. 10,000. So I do not think it is good idea. My friend bought shop in Mez floor and emptry since 6 yrs. Realy nobody has given any solution and option for overseas pakistano who earned money and now are looking to invest to get good return without any risk. They do not have even experience of business so mostly have lost the money by doing business with their friends. In Pakistan you cannot trust even on your brother, so your money should be yours only, you may help others but others will never help you that is the experience which I gained after coming to Pakistan. One man who works abroad and support to family of 8 members, when he comes back, 8 cannot support to him. For those who are over 50 years and have no business experience, the best option is only to put in any Islami bank and take the profit monthly which is not interest as per Moulanas of many Jamats. I have contacted with Meezan for their MAC and BankIslami but have not yet decided. As life is becoming more expensive in Pakistan, so people are looking some profit to survive.
Anybody has any option should be mentioned to benefit for others.
Regards |
imran replied on Wednesday, May 19, 2010 01:02 AM PST
HI
i was in the same situation 3 years before, but now I buy a plot and build a house and just sell it . In this way , it s give me a resonable income for one year. It s work for me i already do it 2 times .
Regards |
Be Positive replied on Wednesday, May 19, 2010 02:11 AM PST
Dear All. I respect all the viewer comments, Now a day Life is So tuff and it’s changed a lot. No one is Honest and Loyal to you. Where ever you invest ,you will loss and risky for the expatriates. I read so many time in this form, every one against to put a Money in any Islamic Bank, because it’s Haram.Any one Explain the meaning of “Haram” in our Culture. Everyone paying money in different place to do a legal Work in “Back” door, Is that “Haram” or what? Living stranded is So expensive, How could you manage in little budget. But if you but a Money in Islamic Bank, you will double money. “Haram” or “Halal” is bank responsibility. I am asking One Simple Question everyone in this Form. “How many Peoples Don’t have Bank Account” . I am Sure everyone is Using banking facilities Is this Not a Haram Way. If any one Lost his Hard Earn Money in Business and in any other way, Who will help Him? Giving Comment are Veryyyyyyyyyy Easy, Please be Practical. Please Please think in Positive way. Don’t be hyper in this kind of issue. May Allah Safe us. Regards to All. |
mohammad imran khan replied on Wednesday, May 19, 2010 06:07 AM PST
we are a bunch of confused nation, in times of ISLAM, when there was hard times, some laws were suspended,when times were good there was no one eligible for taking zakat, now the times are very difficult for most of people, and those who have money are too busy, so brother decide carefully , now the amount you have is not much. and can be lost easily.
i lost almost 1 crore , when i invested in ajman real estate and not put in bank thinking this was haram. now is there any one to recoup my loss. that was my only hard earned money. Investing in islamic bank and encouraging them to get to the right way to conduct halal business is our responsibility as lot of good muslim shy away, and invest in business where they lose. Well some one will say banks can collapse , so can the world. |
overseas wisher replied on Wednesday, May 19, 2010 07:44 AM PST
Buy a shop at the right place like inside Chorian bazaar liberty market where all the ladies stuff is and where all the rich ladies shop.I bet you you won't be able to find a shop there less than 70 lakh. |
Adnan Akbar replied on Wednesday, May 19, 2010 10:55 AM PST
Gentlemen
As-salamalykum wa rahmatullah wa barakathau. I am pleased to see that so many Pakistani brothers are getting this awarness of Islamic Finance and investment options. I am an Islamic Investment Banker based in Bahrain. My suggestion to brother Iqbal is to diversify your portfoilo with a mix of alternative investments. You can buy a file in 9/10 DHA Lahore, invest a portion in Islamic Certificate of Deposits in any Islamic Bank with longer tenor, convert some funds into UK Pound sterling/USD/EURO and investment in Foreign CD's with any islamic bank. May allah subhan wa tala help you with your pure intentions. Barakallah hu feee. |
Irfan replied on Wednesday, May 19, 2010 11:17 AM PST
@Iqbal divide your money and spend multiple places for getting max profit etc ...
Let say I have 60 lac ...
1. I deposit 25lac in (NSS or Meezan Bank ) and get monthly profit around 25k
2. If I have my own single story home (10 marla or 1 kanal) then convert into double story (with budget 20lac) and give one portion to rent and monthly income around 15k
Or
I already have small double story home then sell and add 20 lac and get little big double story home so can rent one portion..
So far total spending : 45 lac
and total monthly income: 45k which is reasonable for average size family.
3. Spend reaming 15lac in property preferably in Govt scheme (CDA/LDA/KDA etc ) for long term ..... Also try to buy as original alloty using balloting etc
Even in bad conditions like we have nowadays after 5~7 years property give of all Govt scheme will be more then double. |
Aamir replied on Wednesday, May 19, 2010 11:58 AM PST
The best possible solution is given by Mr AD. Buy a small plot in E-11 Islamabad, construct a house and rent it out. This whole process, however essentally requires your physical prsence in Islamabd for about 5-6 months. If you can do that its the best option otherwise put your money in Bank/stock etc. |
Farhan replied on Wednesday, May 19, 2010 03:04 PM PST
In my little bit of research meezan bank is not intrest, as they are doing islamic banking, which is also supported by religious scholars and schools, so you can consider that option as well. |
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| 69) | |
| Iqbal |
| | City & Country:
- | |
Saturday, May 1, 2010 02:21 PM PST Reply:
Dear all,
Do you have any inforation of Ahad Tower on Kalma Chowk. I heard that LDA has demolished 5 stories.
So what will be the next step. Will it remain in-complete for one century or do you think they will finish and hand over to the clients. The people who booked the offices on those floors do you think they will get the money back. Any body who has information on this project please write here with his avilable update details.
Also please update on the future of Boulevard Heights on main boulevard in Gulberg as it is also standing in the sky and nothing is being done.
Regards
Effectee From Overseas replied on Saturday, May 1, 2010 04:03 PM PST
I have also stuck in commercial since long time. And unlikely Ahed tower is one of them. I have a shop in basement. Can any brother please share with us the current status and what are the chances that other effecties from top demolished floor will let us to open the shop which are on safe area. |
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| 68) | |
| IQBAL |
| | City & Country:
ITLY | |
Thursday, February 11, 2010 10:05 PM PST Reply:
ISLAMI BANK
dear brother i need your help,ihave 20 lake cash.i want to invest in beke islam.i can i say that profit is not sood,last year invested money in scrape metal and got loss money now idont want to invest any business and realestate.can you give me any advice,thanks.
Amer replied on Thursday, February 11, 2010 11:32 PM PST
Dear Mr. Iqbal,
In my opinion it is the time now to invest only in Bank Islami to get halal profit every month and stay with peace. The property is no more giving good return on the investment. The people who are back from abroad are not able to start any business in Pakistan. So they have best option to put cash in Bank Islami which is not sood as it is not fixed according to some Muftis. Otherwise, people with good knowledge can further guide you.
Regards |
A.M.BUTT replied on Friday, February 12, 2010 03:17 AM PST
Mr Iqbal,
This is the best option for the people who have less then 10 millions in hand now adays. I am sure that propertY business will remain like this for next ten years "because propertY prices rose up more than reality due tok currept banking system in pakistan. Bank started investment in realestate. people are saying the price rose up in the world but i am not mixing pakistan with other countries because they have rule and regulation .Any way now every thing coming back on trake.There is lotof reasons i can prove but this is not forum to go in long debate. |
Mohammad Yousaf replied on Friday, February 12, 2010 09:42 AM PST
But who is authenticating that bank Islami is a real “Islamic Product”?
Here in Gulf, Islamic bank will give you shares upon your loan request and it is up to your fate, whether you lose or gain in stock exchange when you sell for cash, as this was the main purpose you went to the bank.
In Pakistan, does it work similar? I doubt!!!
Talking about investment! No one can predict the Pakistan property in near future as it all depends now how USA exits from Afghanistan!
The post America exit situation will set investment bench marking in Pakistan property and also in corporate sector. No body knows about capital shift in that situation. Stock exchange could bring down property market or the opposite!
One thing for sure now that property will continue towards correction, which is definitely happening now!!
After USA exit, money might shift to industry as, in Pakistan history, we never had Judiciary, Army and Press all on right track and THAT could make a lot of difference, if it gets coupled with the “sustained democracy”, no matter how poor in running the contry, as it would be a " begining of a right start" |
limo replied on Friday, February 12, 2010 03:17 PM PST
Brother Iqbal, just go ahead with what you have decided to do.Since your intention is pure, you would surely be rewarded by Allah SWT for this and there will be enough "barakah" inshaAllah.Atleast you have rejected conventional banks for only one reason, and that is to stay away from the evil of "sood".Now coming to the question of authentication of the banks who claim to be Sharia compliant in their dealings, they are being overlooked by renowned scholars and their activities are closely monitored and approved by them.Same time lets pray the Allah SWT guides and keeps us on the right path.Ameen |
AM replied on Friday, February 12, 2010 06:37 PM PST
Assalam-u-Alaikum wr wb:
The literal meaning of interest or Al-RIBA as it is used in the Arabic language means to excess or increase. In the Islamic terminology interest means effortless profit or that profit which comes free from compensation or that extra earning obtained that is free of exchange
Also remember
Surah Al-baqarah verse no.275
"Those who devour usury will not stand except as stands one whom the Satan by his touch has driven to madness. That is because they say, "trade is like usury", but Allah has permitted trade and has forbidden usury",
Surah Aal-Imran, verse no.130 Allah says,
"Oh you who believe! Devour not usury doubled and multiplied; but fear Allah that you may prosper."
Hazrat Jabir radiyallahu anhu has reported that the Messenger of Allah sallallahu alaihe wasallm cursed the devourer of usury, its payer, its scribe and its two witnesses. He also said that they were equal (in sin). (Sahih Muslim)
Now you can be judge to see if these so called islamic banks really provide RIBA free products.
Remember everybody is responsible for their own actions in this world and hereafter. So choose carefully what you do with your HALAAL Rizq.
Note: I am not giving fatwa nor can I do that, I am just leveraging some knowledge which can help to make right decision. |
iqbal replied on Friday, February 12, 2010 07:39 PM PST
dear brothers,i am very thankfull all of you for your comments,i think now i can decide very well.wellwisher all of you,thanks. |
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| 67) | |
| iqbal |
| | City & Country:
gujranwala | |
Tuesday, January 26, 2010 04:09 PM PST Reply:
instalment house in johar town
i am intrested to buy house 5 marla in johar town on instalment process,please contact.
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| 66) | |
| Iqbal |
| | City & Country:
Islamabad,Pakistan | |
Thursday, November 19, 2009 05:32 PM PST Reply:
Dear CMY Saheb,
Thanks for your suggestin not to switch the plot of Ph-7 P Block to get file of DHA-8, so will keep it. When DHA will give possession?.
I want to invest in commercial plot in Lahore as in Islamabad no way because CDA com. is very expensive and giving on auction. Can you please suggest the best area for commercial purpose (for investment or make a plaza after 1 yr). The budget range is 5 Million. Some one told me to check BT Sector C which could be better in future and will connect to Ring Road and Multan Road, however, I need to know in details from you how it is true or any other better option is available. Thanks for your reply.
Regards
Azwar replied on Thursday, November 19, 2009 07:29 PM PST
Please check post (45498) |
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| 65) | |
| Iqbal |
| | City & Country:
Islamabad,Pakistan | |
Tuesday, November 17, 2009 08:50 PM PST Reply:
Dear CMY and others,
Is it good option to sell the plot from the P block of DHA-7 (No. from 421-26) and get file of DHA Ph-8 proper at this stage?. I have no idea when P block will be given possesion and ready for construction. I have also no plan to construct house there as it is just for investment purpose to switch over if it is realy worth to gain in future.
The only fear is that in the balloting may location of plot could not be on good location (like near graveyard, school, etc). So little risk is involved, and sometimes has to take risk.
How this move would be beneficial.
Can you please tell in details that how is location of DHA-8 and its future prospects, mostly say it will be best phase in whole DHA, is it correct? So if you consider it will be best move then I can sell this plot and get file in DHA ph-8.
Regards
Rana replied on Tuesday, November 17, 2009 10:39 PM PST
not a good option |
CMY replied on Wednesday, November 18, 2009 02:18 PM PST
Iqbal bhai its not right move to sell your P block plot for proper DHA 8 allocation. If you have a DHA 7 X Y Z V block plot than a switch over is highly recommend. |
CMY replied on Wednesday, November 18, 2009 02:23 PM PST
Iqbal bhai its not right move to sell your P block plot for proper DHA 8 allocation. If you have a DHA 7 X Y Z V block plot than a switch over is highly recommend. |
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| 64) | |
| Iqbal |
| | City & Country:
- | |
Sunday, July 1, 2007 01:55 PM PST Reply:
This is surprised to note that DHA has given possession to A & B blocks in Phase-6 without providing basic facilities like water, electricity, sui gas and sewerages.
How people can live in a place where these facilities are not available.
Does any body know when DHA will be able to provide these necessities to the plot holders in Phase-6 as a whole and particularly in A, B, H & J blocks?
Moreover how long will take to have other amenities like schools, parks, mosques and commercials in Phase-6?
Comments and information on the above would be appreciated.
Regard.
Col (r) Rustam Bhatti replied on Sunday, July 1, 2007 10:11 PM PST
I think DHA gave possession for few Blocks and MB Com of Phase 6 without Basic needs just make money from plot holder Rs 200.00 to
250.00 per month. this is a SHAME for DHA.
Without basic needs and water DHA gave possession for phase 6 |
Mobarak Ali replied on Monday, July 2, 2007 01:27 AM PST
DHA 6 Plot holder should take DHA in Court and get money back which they are paying every month like Rs 200-250 per month. How they can start construction without water. |
Khan replied on Tuesday, July 3, 2007 12:17 AM PST
Court has no juridiction over Army or DHA. |
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| 63) | |
| Iqbal |
| | City & Country:
- | |
Wednesday, June 27, 2007 03:41 PM PST Reply:
Is Dha Phase-7 2nd. instalment due on 30/6/07?
Javed replied on Wednesday, June 27, 2007 06:05 PM PST
Yes, it is due on 3 June 2007. |
Javed replied on Wednesday, June 27, 2007 06:06 PM PST
Sorry, it is typing error. Please read it 30 June 2007. |
Iqbal replied on Thursday, June 28, 2007 10:51 AM PST
Thank you Mr. Javed for sharing the information.
Regard. |
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| 62) | |
| Iqbal |
| | City & Country:
- | |
Sunday, June 24, 2007 10:30 AM PST Reply:
Urban Developers are advertising now days on TV for their Central Park project. Although they are claiming that they have successfully launched Silicon Valley and It Tower yet the credibility of their claim is a question mark.
They have taken full installments of Central Park plots from many customers for their first booking. As per their commitment it should have been fully developed but it is only 10% developed up to now.
One more thing is to be noted here that in their earlier booking they claimed that all their plots are booked. Now how they have started again booking the plots if they have booked all the plots before. Did they procure additional land or they have cancelled the plots of their earlier clients.
Comments from the experts would be appreciated about the credibility of Urban developers and particularly for their Central Park Project.
Thanks.
Suhail replied on Sunday, June 24, 2007 02:06 PM PST
I think it is good that they have announce booking of more plots and a higher rates. Now all the older file holders should also claim that higher price which UD has fixed as a base price. It is a good sign overall.
In terms of development, no other society is doing any better. |
Qasim replied on Sunday, June 24, 2007 03:07 PM PST
I went to visit central park in first quarter of 2005 and visited again last month. I found out that in almost 2 1/2 years they have not moved a single brick from here to there. In my opinion only 5% work in done if you look at the map of centaral park. They are cheats and will not get any bookings this time. |
Ali replied on Monday, June 25, 2007 11:54 AM PST
Ali
UD launched silicon Valley on papers ,got the huge amount collected and then later refunded after 2 years that too after deducting 20% for What i cant say.
i have a 10 marla in A block central park,they have done nothing there.I dont know how would they befool people once again. |
warner replied on Monday, June 25, 2007 01:38 PM PST
UD are big cheaters... showing central park animated videos of a place which does not even exist. It is neither central (23 KM from Kalma Chok) nor park (see the filth around Kahna and condition of under-construction Ferozepur Road for 2-3 years). It is just that they miserably failed for their IT-tower and Silicon Valley projects and sold their Air Avenue to DHA, that they planned big marketing campaign to start the cheating once again. We need to be careful of these tactics..... |
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| 61) | |
| IQBAL |
| | City & Country:
USA | |
Tuesday, June 19, 2007 03:06 AM PST Reply:
need some information
Hello brothers,
AOA,
Mr CMY or any other brother please give me some information. I am in USA and i want to bring money from Pakistan can anyone tell me what is the best safe and fast way to brought money from Pakistan to usa.
thanks;
iqbal
Asad replied on Tuesday, June 19, 2007 03:36 AM PST
You can wire transfer it to your bank in USA. Are you looking to avoid taxes on capital gains or something? |
iqbal replied on Tuesday, June 19, 2007 04:48 AM PST
thanks asad,
honestly i am going to buy a house in usa, prices are down in these days. do you know how much they charge on 100,000 us dollars.if you know what is bank exchange rate in USD these days.
have a classic day,
thanks, |
IRFAN replied on Tuesday, June 19, 2007 05:38 AM PST
IN 100000 $ U CAN GET A HOUSE IN USA ????? |
Waseem Malik replied on Tuesday, June 19, 2007 06:03 AM PST
100,000$ is a supper down payment amount.
Wire it through standard chartered. But first buy US from open market. You will get better rate and then wire it. It will cost you around 40$. |
Khan replied on Tuesday, June 19, 2007 06:11 AM PST
Here I proved my point. I said this some time ago that when things start getting better people in the west will start selling their properties in Pakistan and start bringing there money back.
There are many friends including myself been thinking about it.
It is not easy to live in Pakistan after living in the West for long time. I moved my family couple of years back but now I have been thinking about bringing them back too.
This is one of many other reason that prices in realestate will fall in Pakistan.
regards |
saeed replied on Tuesday, June 19, 2007 06:25 AM PST
You can't wire from pakistani banks because I tried it last week. |
CMY replied on Tuesday, June 19, 2007 08:44 AM PST
Iqbal sahib one must have a DOLLAR account in Pakistan to send money out of Pakistan via banks. Rs account are not allowed to send money out of Pakistan.
Open a $ account in any good bank like Standard Chartered, Prime etc and convert Rs to $ in open market and then deposit them to $ account. Now you will be able to send it to you in USA via wire transfer.
Irfan sahib $100000 can still buy you fully paid house in many cities in USA especially in southern states like Texas etc.
Ch Mujahid Yasin
0300-4009967
0322-4009967
042-5729646 to 8 |
SaeedAhmed replied on Tuesday, June 19, 2007 11:29 AM PST
u can use western union (or their authorized money changer) to transfer dollars to ur usa bank account. i used this method to transfer. i just had to pay equivalent rupees at open market rate plus 1000Rs. u have to give purpose of remittance. 'family remittance' is the purpose mainly used; and i used the same, as my relitives had to pay final installment of USD10,000/- against mortgage of apartment in chicago. |
Habib replied on Tuesday, June 19, 2007 02:59 PM PST
Would someone clarify, as per my information, you have to seek permission from state Bank of pak and usually acceptable reasons are Child's education expenses, Medical treatment expences or some import etc, the process is long No matter you are resident Pakistani or non redident same rule applies,
Sending money to America you also have to pay fedral Govt tax to US govt, I am not aware of such a tax in Pak.
This is my understading, My be wrong, would someone having actual experience clarify |
ZARCO Marketing replied on Tuesday, June 19, 2007 04:14 PM PST
Dear Mr. Habib,
Only open market rate + Rs. 800 to send any amount to USA or anywhere else. |
IRFAN replied on Tuesday, June 19, 2007 04:45 PM PST
CMY JUST TELL ME IN TEXAS ... WHTS THE SIZE OF THE HOUSE IN SAME PRICE ? |
Asad replied on Tuesday, June 19, 2007 04:45 PM PST
Mr. ZARCO Marketing give me your contact number. |
Shahzad replied on Tuesday, June 19, 2007 06:50 PM PST
Dear IRFAN,
That depends on the location. For example you can buy a house on 5 Acer lot (equal to 45 or so Kanals in Lahore) for 100K US$. At the same time you will also find a house on 1/3 acer lot (3 or so Kanals) for 1 Milion US$. All location.
Ref:
See this URL a home of 1148SQF on a lot of 7.68 acers is for sale @ 124K.
http://www.txls.com/detail.asp?PropID=33603
Use google to find home listing website for the city you are interested and you will find your answer.
Hope it helps! |
Amjad Khan from USA replied on Tuesday, June 19, 2007 08:25 PM PST
Dear Brothers
U see the time is coming when the property prices will come to the same pac and pric as it was in late 70s and 80s. People are pulling out their dollar investment money from real estate and honestly speaking, many of my friends and relatives are selling their invested money from real estate and buying in Europe ans States.
So the time will not far when an average citizen could afford to buy a plot in DHA or good housing society.
Time will come very soon. So be quick. |
Muhammad Jameel replied on Tuesday, June 19, 2007 11:15 PM PST
yes i shall confirm, one of known family also pulled back the money from Islamabad and invested in realeate Dubai, similarly 2,3 families who invested in 2001 and came back from US are returning back, But it is a good news for people livining in Pak, This will decrese inflation not only in realesate but in all sectors.
i was initially admirer of money coming to Pak, But looking at inefficient, and helpless Govt who canot make any good use of forign remittences Pakistan had all bad effefts of this surplus money and none good effect. Pak is better without this flood of remittences at least 30 to 40% decrease will be OK. Otherwise people will die of inflation. |
A common man. replied on Wednesday, June 20, 2007 11:46 AM PST
I have been waiting for the Real Estate Prices to fall for the last 3 Years, many people come and say that Prices will fall badly but Nothing happens ! |
|
| 60) | |
| Iqbal |
| | Phone:03003193039 | City & Country:
- | |
Tuesday, June 19, 2007 12:31 AM PST Reply:
:sh: Three instalments of development charges have been paid.
Shahid replied on Tuesday, June 19, 2007 03:08 AM PST
Iqbal Sahib, What is the status of Developemnt in NFC-2? Have they started the development yet, if not, when are they going to start the developemnt? Thanks |
Guest... replied on Tuesday, June 19, 2007 03:26 AM PST
Mr. Shahid they have not started the development yet the estimated time period of commencement is 3 to 5 years. |
Naseem replied on Tuesday, June 19, 2007 08:38 AM PST
I also own one plot in this society, as per management, development will be started at the end of this years. |
demand replied on Wednesday, June 20, 2007 12:15 PM PST
Dear Iqbal,
Please mention how much is the installment. And payment duration.
Do you have any e-mail. If so please post here I would like to place a serious demand. |
IQBAL replied on Wednesday, June 20, 2007 02:47 PM PST
Dear demand,
Rs. 50,000 is instalment after three months, total development charges are 6 lac out of Rs. 150,000 has been paid. Pl contact me: saeediqbal787@hotmail.com |
|
| 59) |  |
| iqbal |
| chiqbal101@yahoo.com | | Phone:0992331965 | City & Country:
pakistan | |
Thursday, June 14, 2007 08:18 PM PST Reply:
wanted house on rent in abbotabad
aoa
i need a three bed house on rent in abbotabbad if any house is available in budget RS 10000 PL give details by mail
thanks
|
| 58) | |
| IQBAL |
| | City & Country:
US | |
Sunday, June 10, 2007 06:12 AM PST Reply:
HELLO PAKISTANI BROTHERS
CAN ANYONE TELL ME WHICH BANK/SCHEME/CERTIFICATE
GIVE THE BEST INTEREST RATE, IF I DEPOSIT MONEY
FOR LONG TERM LIKE 3/5 YEARS.AND ALSO GIVE ME SOME
INFORMATION ABOUT PROCESS AND SOME KIND OF GARENTY.
KHANKS,
usman replied on Sunday, June 10, 2007 07:17 AM PST
as salam alikum
brother interest is riba, and Allah say's in the quran that any one that gives or recieves interest goes to war with Allah, the people of pakistan think that by changing the name riba to profit makes it halal, they are just fooling themselves, all muslims should fear allah and stay away from riba, dealing with riba leads to jahannam.
may Allah protect all muslims from jahannam.
ameen. |
Muhammad Amjad replied on Sunday, June 10, 2007 09:44 AM PST
ASA
I agree with you. What do you think of the schemes of AL-MEEZAN BANK? |
fourvoyagers replied on Sunday, June 10, 2007 11:31 AM PST
Assalam-O-Alaikum,
Without going into any of those controversies about interest/riba or whatever you may name it, may I ask why you are so keen to invest money in any of Pakistani Banks, whereas you can safely do so while being in US itself? As you know Dollar is fast loosing its face value; so instead of buying bonds or certificates,I would suggest you to invest in mutual funds or buy commodity stocks like metals! |
Muhamad Ahmad replied on Sunday, June 10, 2007 12:13 PM PST
ASA
Do you think that the pak rupee will depreciate in near future in international market? |
Safeer Hussain replied on Sunday, June 10, 2007 12:58 PM PST
Dear Brothers,
As-Salam-o-Alakum,
This is my humble request to all muslim brothers to use complete word "As-Salam-o-Alakum"(instead of ASA) as this is Sunna-a-Rasul , with each word we will get 10 Nikiyan( by reading ,resiting or writing) & above all Rahmat of Allah.
Tha abbriviation ASA, may be we are aware but after some time no body will be aware like AM, PM(very few know) & by this we will loose our diginity & may be the Sunna-a-Rasul. Our each effort to keep the Sunna-a- Rasul will be rewarded by Allah.
Thank you for giving the time & paying the attention. |
fourvoyagers replied on Sunday, June 10, 2007 01:09 PM PST
Assalam-O-Alaikum,
Amazingly enough rupee hasn't depreciated much over the last few years. In fact it managed to appreciate somewhat during the early part of this decade due to certain geo-political scenarios. But it is not a question of depreciation of the currency, rather is a matter of overall security and stability in our country. So keeping in view of all these factors in mind, one shouldn't be surpirsed to wake up some fine morning to hear the bad news of 5% depreciation. Some people might find it a mere speculation, but depreciation of rupee is overdue! |
adnan replied on Sunday, June 10, 2007 03:12 PM PST
the best returns are given at national savings and saudi pak bank if you fix it for three years
you can check it at the website of saudi pak bank |
adnan replied on Sunday, June 10, 2007 03:15 PM PST
correction five years at saudi pak bank |
|
| 57) | |
| Iqbal |
| | City & Country:
Kuwait | |
Monday, May 7, 2007 11:48 AM PST Reply:
Dear Mr. CMY or any other brother
Could you please post the result of recent ballot of undeveloped plots at sector-C. Also please tell us if Bahria has issued any new map for sector-C after balloting. It will be great help for overseas Pakistanis.
Thanks |
| 56) | |
| Iqbal |
| kukuuae@yahoo.com | | Phone:03334430807 | City & Country:
Faisalabad | |
Monday, April 2, 2007 12:59 PM PST Reply:
7 Marla plot for sale in Amin Town FAISALABAD
for immediate sale
abida asim replied on Tuesday, April 3, 2007 11:46 AM PST
call on 03017149580 |
|
| 55) | |
| iqbal |
| iqbal601@hotmail.com | | Phone:xxxxxxx | City & Country:
khanewal | |
Sunday, March 4, 2007 01:19 AM PST Reply:
agriculture land
dear
i am looking for agricultural land in distt khanewal or multan
any1 interested to sell plz write on my email with all revelant details plz
tnx
iqbal
|
| 54) | |
| Iqbal |
| original@wol.net.pk | | City & Country:
Lahore, Pakistan | |
Thursday, January 4, 2007 04:12 PM PST Reply:
Sui Gas Phase 1
I am looking for one kanal plot in average location in Sui gas phase 1, owners to contact me with their demands at email: original@wol.net.pk
|
| 53) | |
| Iqbal |
| | City & Country:
Lahore | |
Friday, December 22, 2006 01:05 PM PST Reply:
Dear All,
I have come to know that Ex-Senator Ayaz Khan Mandokhel, owner of Parliamentarian Enclave project in Zone-V Islamabad is going to be arrested by NAB very soon due to misappropriation of public money involved in this project.
Kindly confirm & what will happen of the plot owners in the project.
ASIF CHOUDHRY replied on Friday, December 22, 2006 06:39 PM PST
Dear Iqbal,
I am not sure about arrest this time,as it was earlier planned by FIA and other socalled honest agencies when they all came to know about the facts of this project by Mr.Ayaz.
There must have been investigation when Mr.Ayaz was selling these forms at 2 lacs at the name of Parliment.At that time he was Senator n Chairman of Internior affairs committee.But now after his failure in senate re-election,now NAB n other agencies has started investigation again on few reports of refund cheque bounce applications.We have a long list of victims.
CDA officials who were clarifying in the press about this society must be asked now to deliver what they have.The land pockets they have will not be able for a comact even after 10 years.Now the question is now why the society not giving refund to the affectees???????? who is responsible?????????????????The Government who knew everything and did nothing on time?????? CDA n ICT officials....or the INNOCENT PUBLIC?????????
Regards,
ASIF CHOIUDHRY,
+92-333-5114328
+92-300-2007999. |
|
| 52) | |
| Iqbal |
| | City & Country:
Kuwait | |
Sunday, December 17, 2006 10:17 AM PST Reply:
Mr. CMY
You mentioned in your recent photos in DHA Lahore Phase-6 that new DHA future office is being built in Block-B. Whereas, I heard this office is in Block-A. It is in rectangular DHA reserved area along Main Boulevard in A Block. This area is shown in map in grey color and located in front of A-1 plot. Could you please clear the point and show us in map where is exactly DHA new office.
Regard.
CMY replied on Sunday, December 17, 2006 09:41 PM PST
Iqbal sahib you have pointed out new head office correctly.DHA new head office is in A block and in the area you marked on attached map.Some part of it is also face B block but most of it is located in A block.
Thanks for pointing out my typing mistake. |
|
| 51) | |
| Iqbal |
| | City & Country:
- | |
Friday, December 15, 2006 06:37 AM PST Reply:
** replied on Friday, December 15, 2006 08:34 AM PST
Asalaamualikum
Please contact them on :
GM Lands : 051-9272414
Col Ishrat (incharge of AWT Islamabad) : 051 - 9272413 (direct)
GM RES Lahore : 042-5321602
Director Real Estates, 7th Floor AWT Plaza, The Mall Rawalpindi
Telephone : 051-9272389
Allah Hafiz |
Zubair replied on Saturday, December 16, 2006 02:46 AM PST
Question for AWT Islamabad, F172 plot size? ,apprx. Price? and when can people start building around that area?
Col Ishrat or his office pls reply by this board. thanks |
Kashif replied on Sunday, December 17, 2006 06:44 AM PST
Hi,
The latest new I got is that the balloting is postponed till 30th of December.I don't know why they have done this myabe someone can call them and ask, and do let others too through this website.Thanks |
|
| 50) | |
| Iqbal |
| | City & Country:
Kuwait | |
Monday, December 11, 2006 12:48 PM PST Reply:
Salam Alaiqum
To all concerned
Any idea about Bahria Town Lahore sector-C Instalment status. I would like to know which instalment is due now and what is the last date.
Thanks |
| 49) | |
| Iqbal |
| | City & Country:
Islamabad | |
Friday, December 8, 2006 09:30 AM PST Reply:
Askaria Town Scandal - Refund of Amount
Please read today newspaper (8-12-2006)Page No. iii, NAB ad regarding refund of partial amount in connection with Askaria Town Scandal. detailed procedure is given in advertisement.
Sajid Khan replied on Friday, December 8, 2006 02:59 PM PST
Dear Iqbal sb, I am one of the effectee of Askaria, please mention the name of the News paper,
Thanks, |
|
| 48) | |
| iqbal |
| | City & Country:
islamabad | |
Thursday, December 7, 2006 03:40 PM PST Reply:
please contact NAB Rawalpindi Office 051-9281113 for refund of amount to affectees of Askaria Town Scandal.
also visit website www.nab.gov.pk for information. |
| 47) | |
| iqbal |
| | Phone:051-9250751 | City & Country:
islamabad | |
Tuesday, December 5, 2006 03:44 PM PST Reply:
askaria town - refund of amount deposited
i contacted NAB Rawalpindi office, informed by dealing person that NAB is going to refund amount to affectees on December 8, 2006. in first phase, those affectees will b accomodated with heavy amounts.
nad replied on Tuesday, December 5, 2006 05:22 PM PST
Iqbal
Thanks for sharing this news. A number of people are affected by this scheme. What do u mean by heavy amounts. All people have paid down payments. Regards |
visitor replied on Tuesday, December 5, 2006 08:38 PM PST
Dear Mr. Iqbal,
Thanks for your information. The given telephone number is not working. Please advise us your telephone number so that we can discuss the issue of refund further as we have two files (deposited amount about Rs. 3 Lac). It will be appreciated if you please let us know the concerned officer's name in NAB with telephone number, who deals with refund cases (especially Askaria Town), enabling us to contact him.
Best Regards, |
|
| 46) | |
| Iqbal |
| | Phone:0300-2393023 | City & Country:
karachi | |
Tuesday, November 14, 2006 01:05 PM PST Reply:
Creek Vista Apartment for Sale
Creek Vista Apartment, Defence Phase VIII for sale,,
4 bed room, Creek Vista apartment for sale
If interested Please mail or contact 0300-2393023
Regards
Iqbal
Ali. replied on Tuesday, November 14, 2006 05:20 PM PST
What is your Demand, how much Own ? and Which Floor ? |
|
| 45) | |
| iqbal |
| | Phone:00971-505660947 | City & Country:
uae | |
Wednesday, October 25, 2006 12:24 AM PST Reply:
house in subzazar
I want to sell my 8 bedrooms double story house ,seprate portions with seprate kitchens with big dinning, seprate studies, all kitchen and woodwork --A type dayar and wallnut wood antique wood decor
servent quaters on 3rd floor with attach bath big sitting room
both stories portions drawing and dinning and sitting all inch thick a class marble
ON MAIN ROAD NEAR LIQAT CHOWK---EVEN IDEAL FOR ANY BUSNIESS ,BANK -- Two seperate entries
all bath rooms jumbo size with tubs
and --Icl fittings A class --TAPS--A class
Foundation of house 9-feet deep starting 36 inch wide----
everything safe for my own family i could make but now -we both brothers have left the country , want to sell
contact if u really want to buy i can come to pakistan for the deal
musman replied on Wednesday, October 25, 2006 04:24 AM PST
where is sabzazar located? Is it near multan road? what is the price you are asking? house is on your name ? or both brothers? I am inquiring to find out from moquitusman@hotmail.com |
|
| 44) | |
| iqbal |
| iq3010@yahoo.com | | City & Country:
usa | |
Wednesday, September 27, 2006 06:30 PM PST Reply:
Risky Business
Dear friends.
AOA. Ramadan Mubarak
Investing in real estate market is still a very risky business. Don’t be fooled by predictions of others, rule of thumb .... invest only if you can afford to loose .
Don’t expect overnight profit in millions. Those days are long gone.
No one in their right mind should dump their hard earn money or their life savings into this risky and somewhat corrupt investment.( On offence to anyone ).
DHA phase 8 lost almost 8 lac in one month. Phase VII lost about 6 lacs and similar situation across the board. Even if the market does bounce back it will be a very slow roller coaster ride. good luck.
|
| 43) | |
| iqbal |
| iq3010@yahoo.com | | City & Country:
new york | |
Monday, September 18, 2006 09:12 AM PST Reply:
real estate market may land harder
realestate prices in most part of the country are falling.investors are scalling back.bubble or not, the biggest realestate boom in recent pak history is coming to an end.
the boom has depended heavely on the upbeat psychology of consumers. as moods swing, the landing could be hard in deed.
small investors should hold on to their invesment. dont panic.
|
| 42) | |
| iqbal |
| | City & Country:
uae | |
Sunday, September 17, 2006 04:03 PM PST Reply:
buying house
Any body have house on main road--A BLOCK orB-block
doble strory in subzazar scheme multan road lahore, at least 3-4 bedrooms with complete independant portions having seprate entry and full tv lounge and drawing dinings- as we two brothers are shifting to pakistan in near future.
plz make sure it is free of any litigation and with completion certificate,
OR if there is one kanal piece of land on main road so we can start making house as early as possible
thankyou
Fazal replied on Sunday, September 17, 2006 05:07 PM PST
Iqbal Sahib:
If you are interested in a 10 marla plot in Sabzazar, on which you can build a house of your own choice, I have to offer you. You can contact me by phone 00966-503669568 or by email fzlreh@hotmail.com. |
|
| 41) | |
| iqbal |
| iqbal601@hotmal.com | | Phone:03017837545 | City & Country:
lahore | |
Sunday, September 3, 2006 04:34 PM PST Reply:
fatima town
i need to plots one kanal each ,preferrably on 150 ft road,in fatima jinnah town multan.offer 18-20 lacs each,anybody interested to sell ,plz contact on my email
thanks
Fuad Faheem replied on Monday, September 4, 2006 12:24 AM PST
Plots on 150 ft road in A block are available on 100,000 on.Why yor are offering 18-20 lacs. are you a preperty dealer ? |
|
| 40) | |
| iqbal |
| iq3010@yahoo.com | | Phone:0019176747010 | City & Country:
- | |
Wednesday, August 30, 2006 11:25 AM PST Reply:
what is going rate for dha phase 9/10 file and how stable the price is going to be in near future?
which scheme is better
state life II or or pak arab . responce will be greatly appriciated . |
| 39) | |
| iqbal |
| | City & Country:
uae | |
Tuesday, August 29, 2006 06:39 PM PST Reply:
Does any body know what is this RAKH DERA CHAL nest to y- and z- block and what is its fate before deciding the price of y and z block?-- MR CMY ANY OTHER INSIDERS PLZ COMMENT AND --NO VESTED INTEREST -- U R TRUS INSIDE OPINION
CMY replied on Tuesday, August 29, 2006 08:38 PM PST
It is owner by OQAAF and DHA is trying to get it.Either DHA will have it soon or Punjab Govt officers colony will be made on this land.Right now military officers use this land for training
Any plot located next to this Rakh Dera Chal is not priced good.Try to avoid buying a plot near this land.It could take may years to transfer this land from Punjab Govt to DHA |
iqbal uae replied on Tuesday, August 29, 2006 10:57 PM PST
Thankyou once again CMY sahib, as usual u r very kind to answer some queries for people like us sitting out side and do not have much information what is happening--- one friend of mine is interested to sell his plot --in y-- i think 1335 --36 --37 in this row for41 lac-- and he knows somebody inside punjab govt and verymuch sure it has been decided that this open place will be given to retired punjab govt employees and ths y-- and z will be more attractive than other plots and probably work will start from this end of phase 7
Your comment and price range of this row--is appreciated
iqbal
uae |
|
| 38) | |
| iqbal |
| siaakhan@yahoo.com | | Phone:0333-3944052 | City & Country:
lahore | |
Sunday, August 20, 2006 09:42 PM PST Reply:
home or plot required
need urgently in joher town plot or home which may used commercially also.
valanicia town may be consider.
kindly only email or contact on phone.
|
| 37) | |
| Iqbal |
| | City & Country:
Saudi Arabia | |
Wednesday, August 2, 2006 09:50 PM PST Reply:
As per DHA official website, prices of DHA-7 shown as under :
P= 38 - 42
Q= 34 - 38
R= 38 - 42
S= 36 - 40
T= 33 - 36
U= 33 - 36
V= 38 - 42
W= 38 - 42
X= 33 - 36
Y= 32 - 36
Z= 30 - 35
Just information please.
Qasim replied on Wednesday, August 2, 2006 10:28 PM PST
I believe DHA just added prices for DHA-7 on their website, as of two days ago DHA had no price info for DHA-7.
I wounder if these prices also include development charges. If it does, then CMY Sb's prices below are way higher than these prices. |
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