Lahore Real Estate Forum

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(125)
Saturday, September 24, 2016 03:53 PM PST 
Raiwind March

IKs Raiwaing March is set on 30th Sept. Please share how much it impact on the Lahore Real estate market? Also if anyone can share what was the impact during his earlier sit-in in Islamabad?

Jameel Mughal® replied on Saturday, September 24, 2016 09:06 PM PST 

KSA, By grace of God Name any A class location and I have not holdings there, DHA 7,8,9 Lake, valencia, LDA 1, Model Town ext, NFC2 etc etc I know each and ever one from A to Z, The advice is only for those who want to take.

User_16051® replied on Saturday, September 24, 2016 09:16 PM PST 

Hold on KSA, Looks like this you are bearing some serious grudge towards one of most respectable contributor at this forum- Respect and gratitude must be observed at this forum while differing any opinion towards others. If you disagree regarding his views on Prism then you can come forward with reason and logic rather passing blunt and derogaratory comments.

Thanks

overthesea® replied on Saturday, September 24, 2016 09:38 PM PST 

CMY, Jameel,Surfer, HassanHC, Ahmad Hassan, Surfer, Ahmet are the precious elements of this site and i believe and hope they will be very good people in real life too as we see their words.

My respectful advice to all readers that its true we have very good instrument in form of LRE web site to make comments on each other views but lets maintain the harmony, respect for all and willingness to accept each others thoughts despite of any difference.

This web site and senior contributors have helped people, how to think on property investment, what to consider when, & why it will be good for all of us. We still have long way to go together from this learning phase as none is perfect in this world. People who are perfect are having more experiences of failures so they are sharing their experiences so other don't fell in this race.

Let's learn from each other with grace.

LOYAL PAKISTANI replied on Sunday, September 25, 2016 05:15 AM PST 

You people are very right seeing is believing. Otherwise it will be routine old free style show.

AhmetKildir® replied on Sunday, September 25, 2016 12:53 PM PST 

Inshallah the March will be successful also. Enough of tax money laundering to Panama, Dubai, London, Switzerland and Jeddah. This money should be spent on our kids education and health care.
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Sunday, September 18, 2016 11:44 PM PST 
Plot prices

Salam everyone,

I need to get a general idea of the plot prices at the moment. How much decline there has been since the taxes and is it a good time to invest?

I have got either Prism or Bahria Orchard in mind and I can invest between 3 to 5 million depending on the deal in front.

Do you guys think prices have stablized now or there is a chance of further decline?

AHMAD HASSAN® replied on Sunday, September 18, 2016 11:56 PM PST 

Only sellers & buyers denied & declined rest is same.

LOYAL PAKISTANI replied on Monday, September 19, 2016 01:30 AM PST 

Price is coming down on slow pace on several places and is stable in few places and even upward on rare places.

The downward trend in prices is good for lay man and for limited budget families who want to live in their own homes.

As well it is terrible for those who daily check their plot price and have invested either huge amount or trend setter like in DHA .

THEIR IS ECONOMIC CYCLE WHICH HAS TO BE COMPLETED IN ANY CIRCUMSTANCES.


GOOD LUCK TO BOTH LAY MAN AND HUGE INVESTMENT PEOPLE.

.

Arif M® replied on Monday, September 19, 2016 01:41 AM PST 

There is marginal drop in prices. Not much if you ask me. Agree with Ahmad hassan real decline is in transactions instead of prices.

If you intend to make home then it is good time to buy in couple of months. For investment, we still have to wait and see. Short term investment (less than 2 years) is no more an option. Long term investment (5+ years) still good.

Ayla replied on Monday, September 19, 2016 11:04 AM PST 

Best time to buy will be next year or 18 when instalments in prism will finish and prices will be same IA

AhmetKildir® replied on Monday, September 19, 2016 11:39 AM PST 

'prices will be same "" IA""'

Desperation check karain... =)

HassanHC® replied on Monday, September 19, 2016 12:50 PM PST 

Prices are stabilizing but still settling so wait till Muharram end. Buy in solid projects and long term will be rewarding inshallah.
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Sunday, September 11, 2016 07:56 AM PST 
A real challenge for all in Pakistan.

I am sharing my personal experience that I had few weeks back in Lahore. First of all thanks to 1122 service they reached within 10 minutes. Unfortunately we were not able to find a free ventilator in any hospitals that we checked. I pray for safety of all but reality is GOVT has put all of us on ventilator. Huge investment on roads but nill for schools, hospitals, play grounds. It seems that we ve to arrange a personal ventilator if one can afford to meet this challenge & if required visit hospital with own ventilator. It will cost 10 to 12 lac, a normal one. We all ve old family members at home. اللہ سب کو خیریت سے رکھے The astonishing thing is that not a single embulance in Lahore is equipped with ventilator. During transfer of patient they use oxygen & manual pumps.

Mian Hassan replied on Sunday, September 11, 2016 09:17 AM PST 

I totally agree . All nonsense investments on orange train and crao roads from tax payer money . All eye wash . It's pathetic that these rulers couldn't do anything on health sectors . I m a physician myself in USA . Visiting Pakistani hospitals is so traumatic

They have so wrong priorities these so called rulers
They will have to pay for all this in the day of judgment when all of us Pakistanis will testify against them

These morons are the reasons that we Pakistanis are living outside the country to earn livelihood . They have created Bain drain for the nation
So sad so sad

Instead of wasting billions , this CM crap sahib shud have invested at least in hospitals of major cities

Tayyab replied on Sunday, September 11, 2016 12:21 PM PST 

I am not talking about private medical centres or private hospitals, I am talking about Govt hospitals. No Govt hospital is being run without funds, substantial funds in millions at the disposal of EDOs (Health) and MS Hospitals. If any equipment is essentially required for health care or any of the already held equipment develops fault, it is the responsibility of EDO Health and MS concerned to utilize funds and arrange either its procurement or rectification of fault (as the case may be). You might not have heard of our doctors struggling for improvement of their own system but you must have seen them on strikes struggling for salary packages & benefits proportionate to District Administors. Similarly, you would rarely find them in time at their official place of duty in hospitals but you would find their presence well before time in private clinics. My point is, hospitals have enough funds & resources to take care of health facilities very effectively but people running its affairs are not willing to make right utilization of it, and one of the reason is their affiliations with political parties which are using them for their political survival. Real challenge is self assessment & self correction of our own attitudes, but we wouldn't do that because we are more prone to working as instruments.

LOYAL PAKISTANI replied on Sunday, September 11, 2016 02:03 PM PST 

You are the government should now focus n penetrate on health n education on top most priority.

Roads are quite smooth at the moment but we lack traffic sense.

Together we will win.

Jameel Mughal® replied on Sunday, September 11, 2016 02:49 PM PST 

I think for Privacy you did not share, why a family member needed a Mechanical Ventilator? I remember a personal experience when one of Our family member bought O2 concentrator, and Other Equipments in pakistan whole set was about 50K Though quality was not as Good as in western countries.
Hospital ventilators are as Low as 3.5 Lac and Top of the range are 13 Lac

AHMAD HASSAN® replied on Sunday, September 11, 2016 06:49 PM PST 

Well a doctor & medical technian can explain reason and prices. Since our hospitals have very limited numbers that almost occupied. No one can see love ones to die in such a miserable condation. Even hard to find in private hospital that will empty ones pocket too. Good to ve one as we have UPS & generators at homes. GOVT is not going to provide this facility. I agreed with Tayyab but doctors will not demand because they know no ruler will come here for treatment. They can fly abroad.

KF replied on Sunday, September 11, 2016 09:54 PM PST 

Completely Agreed, Even Govt spending money on Roads without any planning, n without any details designs. they just doing the same roads every yrs, which eats alot money including commission.

On Healthside, they are complete failure even giving awareness, wat happened wat to do, in wat disease wat to eat n wat nt to. very basic training. how to Clean the environment around you, how it can effect ur health. with basic, awareness can control a lot diseases. n can minimize teh rush to hospitals.

Education side, Who system is trying to teach out wrong history, bit technical education, bit islamic education, no one tells, how to live in society, how to be part of society. road safety, basic Laws, basic health matters.

Allah hadaet dee.

Ahmad786® replied on Monday, September 12, 2016 01:18 PM PST 

Farooq hospital thokar and bahria hospital charge 14000+ room rent and no one is asking them.

Anjumiqb replied on Tuesday, September 13, 2016 09:04 PM PST 

Unfortunately we don't have trained staff in government hospitals.if u will not raise a voice for male doctor the situation will not change.I know hospitals having ventilator but no train staff.

Anjumiqb replied on Thursday, December 15, 2016 02:26 AM PST 

http://www.itilam.com
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(121)
Sunday, September 11, 2016 02:43 AM PST 

I am in Pakistan, a student, just received a US check of about 10,000 USD. I am a freelancer and worked online to earn money. Now this is the payout. Check arrived to me directly from Seattle, Washington.

Banks are asking me to open foreign currency account but require business proof or salary slip. I have my online freelance slips and statements, but they say they are not accepted and you cannot have an account opened.

I am left high and dry and these local banks are literally asking me to dispose of that check and much hard earned money of about a million rupees. Ridiculous.

Please someone have a solution guide me. PLEASE.

Loyal Pakistani replied on Sunday, September 11, 2016 03:04 AM PST 

Setup a small business account and obtain a trade license and open your account in Pakistan. Simple!!!

Banks are asking only because Blood Sucker like Ishaq Dar MUNSHI and others can take their BOTI.

Haroon_16® replied on Sunday, September 11, 2016 03:08 AM PST 

It's not as simple as you stated, sir. As I said I am a student, full time that. Really don't even know what these trade license things are. Setting a business, small or big, is no different for me.

Just these requirements by these banks. I mean, it's my money, in my name, earned by me, why should they even have any issues?

CMY sir, kindly reply if possible, please.

Aslam replied on Sunday, September 11, 2016 03:22 AM PST 

I used to get checks from Google and faced the same problem. What I did, I gave my checks to a person in local bank, he gave me 1 rupee less from normal exchange rate. I was doing it for nearly 1 year. I am not sure, how he was cashing my checks.

Jameel Mughal® replied on Sunday, September 11, 2016 03:22 AM PST 

Goto some private bank in posh busy area Like Gulberg etc, and Open a Foreign Currency account with minimum balance US Dollars. KYC [Know Your Customer] Is the the Rule but you just need declaration that I work so and so like self employed , Don't Deposit this Cheque right away, Once Account is Functional you may deposit this cheque with necessary documents, To Curb the terrorism and money Laundering this formality is needed.
Govt Banks will be least interested in Opening new FC accounts as it adds a lot of their botheration.

Aa replied on Sunday, September 11, 2016 03:46 AM PST 

Have your trusted relative who has a job open a joint us dollar account with you. Once the account is opened deposit the check. Will take several months to clear. When cleared, withdraw the money.

User_6006® replied on Sunday, September 11, 2016 05:18 AM PST 

What do you do? Soon fbr and fia will see whether you are paying taxes and earning legally , also money you are reciving sender and reciver not involve in terror activity

CMY replied on Sunday, September 11, 2016 05:36 AM PST 

Banks in DHA open foreign accounts very easily. Especially if you go there with some one already doing lots of business with bank. Like some one above said dont deposit check right away at opening account. Wait for account to be functional.

Also check with some bank employee You should be able to endorse check in name of some other trusted account holder.

CMY replied on Sunday, September 11, 2016 05:43 AM PST 

If nothing else works send check as gift to me to get deposited in USA bank here :)

I hope you understood my this comment very well :)


Rule is that you have to gift me this money. In USA upto $14000 can be gifted to any one from any one tax free. Without declaring gift this amount will be taxable income to person receiving it in USA. Also make sure 100% check is from authentic online business. Too much fraud online and checked issued online. Check return fee is as high as $35 and also messes up persons critically needed credit history.

+ replied on Sunday, September 11, 2016 06:09 AM PST 

I have used allied bank and meezan bank to directly deposit checks from freelance site I past. It was seamless but the amount was not greater than 1000 USD.

Aslam replied on Sunday, September 11, 2016 12:22 PM PST 

Also check with money exchange offices. In the past, i have been giving my checks to them and taking cash from them.

LOYAL PAKISTANI replied on Sunday, September 11, 2016 01:50 PM PST 

Some times we can not prove what we have. You need to improve your general appearance. Satisfy your Banker, he is sitting to help you n guide.

This matter can very easily n SUCCESSFULLY resolved but you need little time to get your money in your a/C as there is a process.


Govt. And SBP has strict instructions to help customers.


Good Luck




resolved but you need fees

manan replied on Sunday, September 11, 2016 02:29 PM PST 

Aslam sb
what business you r doing. Guide other so that unemployex people can benefit

Aliahmedali replied on Monday, September 12, 2016 01:54 AM PST 

This is Haroon 16, posting with other name because cant post using my ID, getting error.

Thanks to all for the replies, I am responding to all of you in order.

@Aslam bhai Yes, most of my income is from Google. Can you please tell me name of that bank or branch? Maybe that works for me too.

@Mughal sir Well, there is the issue self employed. These banks are bluntly telling me that we are not accepting freelancers. Proof of income or proof of business needed.

@User All of my income is from the biggest tech company in the world, Google. And talk about taxes, this is infact my tax refund check. CMY sir would know more about the form w8 ben. I kept working as a freelancer for years and kept paying taxes to the IRS. Now this is my tax refund from IRS, I am sure CMY sir knows about this stuff.

@CMY Sir: I wish I could gift, but the check is under my full registered name. Is it still possible to gift.

And yes, legal income, proofs available, this check has been mailed to me by IRS itself, after a lot of hard work you know. It took me 1 year just to obtain my ITIN. I am sure you are getting the idea what it is, and how it has been done so far. I even have all the records and documents sent to me by IRS.

@0030... Thanks brother, seems like I am not alone and there must be some way.

@Aslam bro: Seems a great idea if it works. Probably the best. Thanks for the suggestion.

Lastly, CMY sir if I do get it deposited here in Pakistan, ye FBR waalon ko koi khaas takleef to nai ho gi. As you know even telling these people what online earning is, can be a mighty might task.

Also CMY sir, while sitting here, can I have an account opened in US. Even any small bank would do. I have asked banks in UK and US, they tell me that if you hold an account here, you can mail the check to someone in US or UK. I can post to you if thats the case, and then that person has to deposit the check to that bank in person. So, is there any way I can open an account in my name sitting here.

Thanks all.

ABCD replied on Monday, September 12, 2016 07:00 PM PST 

Tell Those guys that, Send you Western Union if possible.

Siddique® replied on Tuesday, September 13, 2016 05:09 PM PST 

I have done lot of freelancer work back in 2013 and 2014, I received my money through paypal or clients directly send to my account after conversion. I never had any problem, please speak to the clients, normally they are supportive in terms of transferring the funds.

Haroon_16® replied on Tuesday, September 13, 2016 05:47 PM PST 

@Siddique If you read the comment by Aliahmedali, thats me myself, youd know.

Abdullah® replied on Friday, September 16, 2016 06:38 PM PST 

Just go any bank and deposit the check in normal account. Thore nakhare karen ghe!. I used to do this for cheques from liveperson and deposit it in HBL UET branch. you will have your money in 3 weeks.
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(120)
Wednesday, September 7, 2016 07:46 PM PST 
Low Budget Pomising areas

There are many good B and C Class areas which worth investment. As every one cant be accommodated in handful of A Class Societies in Lahore, But I tell you fact that A Class societies are leaders in price race. Gains in B and C Class are Demands just In Comparison, Like When Valencia was 40 IEP was 20 when Valencia was 60 IEP was 30 only in 2015 equation Changed. Type B and C Class Societies are not good to make home due to reason that construction cost is same in A or C Class hence after getting a cheaper plot you are confused many years should I spend Money in Making home. Same is true with bad Locations any where. B and C class Societies are very Tough to sell and there is Monopoly of few dealers.
However These Low Cost Societies are good for Those who have less budget in Hand and due to limited Budget they Make Home in Steps sometimes these steps are 5 to 10 years apart,

There are Many options all are not Fool proof and Qabza free,
One Can Consider these Options
IEP
Muhafiz Town 2
Fazaia 2,
Chinar Bagh
Canal Gardens
Inmol
Audit and Account 2
Formaintes Possession area only
State Life Possession only
Banker Town Possession Only

As recently Prices and moved up and now setting So I will Update Prices later

LOYAL PAKISTANI replied on Thursday, September 8, 2016 12:13 AM PST 

Nice. Crux is excellent.

Jameel Mughal® replied on Thursday, September 8, 2016 01:17 AM PST 

But Fact is B and C Class areas suit 90% population and have tremandous gains in Long rnn, You have liberty to make House Like 1st story Grey , then finish and 2nd story after 10 years no completion certifacte needed, Losely regulated but not qaza free , Just to share an interesting fact
My best investment in A Class area gave me 4X return in 7 years.
My father's investment in C Class area Gave him 5,000X return in 55 years, Not on prime location, in a narrow street. No Maintenance fees etc, 10 merla plot Bought in 1200 in Lahore now worth 60 Lac.
People with Low Budget should Continue Buying where ever they can.

LOYAL PAKISTANI replied on Thursday, September 8, 2016 02:26 AM PST 

Fair enough.

Ahmed Naeem replied on Thursday, September 8, 2016 07:55 PM PST 

China's real sector is ready to invest in Pak (especially LHR). With completion of Metro, up gradation of Allama Iqbal (Lahore Airport) 07 planes to 30 planes birthing... Is there any doubt that the Lahore Real estate will not shine in comming years. Forget A, B, C societies. Just evaluate area's and try to book land.
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Tuesday, September 6, 2016 03:18 PM PST 
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Sunday, September 4, 2016 06:38 AM PST 

"I want to buy one kanal plot which is better for 2-3 years investment DHA phase 7 or DHA phase 9?

My budget is 12m.

Thanks
Murtaza
"



In 120 lacs you will get a weak location in DHA7 and a very decent location in Prism DHA 9.



If you want to build a house in DHA7 in next 2 years go for only DHA7. If goal is to earn more over 3 years or more go for Prism. Both equally safe.



Only possession dont warrant paying extra money if intent is growth only. Yes it make sense if plan is to make house. Please also keep in mind you will pay new Punjab govt tax on empty plot and also will pay non construction penalty for possession plots in future for just keeping for investment only. Please also keep in mind Prism was highest gainer in past 5 to 7 years due to superb location ad DHA 7 was slowest gainer in same period in entire DHA in same period.

Only possession dont increase prices location is what is most important. DHA7 have possession started in some blocks more than 2 years ago but prices rose more in Prism due to location that proves my point.

Your friend

Choudry Mujahid Yasin ( CMY )

Lahore Real Estate

+ SMS and calls ( Available and prefer contact on WhatsApp for free of cost investment fair advice no matter where you are buying from).

Farhan® replied on Sunday, September 4, 2016 02:26 PM PST 

CMY Sb you seem to be bit biased towards Phase 9 despite of the fact that in your post above largest inventory on sale is Phase 9. In my humble opinion thinking of past track record of DHA, very slow development process in every phase. And in time of uncertainty biggest correction occurs on off ground properties. But time may prove me wrong. Les see.

Mrs Imran replied on Sunday, September 4, 2016 02:34 PM PST 

@ CMY sahab! If this person Murtaza is interested in phase 7 so please refer my plot, yr teem member Khadim hussain sahab knows about my plot 1681 X block, as u know it can give me good return after possession, but I don't want to wait.

LOYAL PAKISTANI replied on Sunday, September 4, 2016 02:47 PM PST 

Quote price and will you exchange plot on one of the Raiwind Road best society n plot location is excellent also facing park n nearest to canal.

interested replied on Sunday, September 4, 2016 03:14 PM PST 

Loyal which society u possess plot in ?I have one in Dha 7.we can deal through lre.

Farhan® replied on Sunday, September 4, 2016 04:19 PM PST 

There seems to be a campaign to malign phase 7. Please post wth real names to haves one credibility.

Flex01® replied on Sunday, September 4, 2016 05:31 PM PST 

Agreed with Farhan. I think non registered users should not be allowed eventually on this website

Mrs Imran replied on Sunday, September 4, 2016 06:30 PM PST 

I don't want to exchange, and I was asking CMY sahab no one else '______'

LOYAL PAKISTANI replied on Sunday, September 4, 2016 07:39 PM PST 

It is situated in Beacon House Lahore on 70 feet road in front of park n along with park there is commercial area, community club n society office.

Very near to canal. Ready to live and Construction
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Sunday, August 28, 2016 01:04 AM PST 
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