Lahore Real Estate Forum

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Capital Smart City Islamabad Installments 3.5M Plot 15 Lac 3.5 5M Villa Apartment Harmony Park Block

Capital Smart City Islamabad Instsallmemnt 3.5M Plot 15 Lac 3.5 5M Villa Apartment Harmony Park Block

Complete Details In One Video About Capital Smart City Islamabad Low-Cost Installments New Deal 3.5 Marla Plots just 15 Lacs 3.5 years time and book with just 1.5 lacs & Villa Apartment 3.5 @ 26.85 Lacs & 5 Marla 36.10 on 4 years Book with just 10% Amount Lacs in Harmony Park Block RDA Approved Project. Villa Apartments development charges are included in the total price.


https://youtu.be/HzrQc-zNyUE






Capital Smart City Islamabad, Capital Smart City , Capital Smart City Islamabad Installments, Capital Smart City Islamabad 3.5 Marla, Capital Smart City Islamabad 5 Marla, Capital Smart City RDA Approved,

SAK replied on Tuesday, April 21, 2020 10:05 AM PST 

thank you CMY. 4 marla commercial in CSC, is it a good buy? if yes, how much is it?

CMY replied on Tuesday, April 21, 2020 10:31 AM PST 

More good commercial deals coming ahead. Old commercial in own,. Not worth buy yet. Will inform in next pre-launching

Ezaz Paracha replied on Tuesday, April 21, 2020 11:17 AM PST 

Within CSC, What do you suggest to invest in? Commercial or residential? Only for investment purposes not residential. And also what is the expected timeframe for a health ROI in this project? 2-3 years or more considering the current economic situation.

ali raza bhutto replied on Tuesday, April 21, 2020 11:22 AM PST 

bhai mera plot book karwa daye plzz

Alqari Hafiz replied on Tuesday, April 21, 2020 11:27 AM PST 

Aoa 3.5 plot ka location kis bock mi ha? Awr kia map pr milay ga? awr kia 30 april tk offr ha or not?

+........ replied on Tuesday, April 21, 2020 12:26 PM PST 

Plz this project approved by rda. Send me a detailed and scheduled about payments to book. I am in Islamabad.

Asif replied on Tuesday, April 21, 2020 12:28 PM PST 

Regarding Capital Smart city villas apartments, which category is more attractive both in terms of living and investment?

CMY replied on Tuesday, April 21, 2020 12:59 PM PST 

5 Marla will be best Two Beds practical and better value for money. Price still awesome.

Shoaib Talks replied on Tuesday, April 21, 2020 01:46 PM PST 

Mashallah

+.... replied on Wednesday, April 22, 2020 08:48 AM PST 

Hi I am from London I am interested in the capital city
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(765)
Saturday, October 26, 2019 07:23 PM PST 

AoA, just wanted to know the opinion of real estate gurus regarding commercial projects which are offering rentals from the first day of payment. From r example, the company behind Mall XYZ in Islamabad is offering 0.8% rental from the day total payment of an office is made.
- How authentic are these offers?
- What should be confirmed/verified before investing?
- Should they be considered scams? One company already has developed one such mall in Islamabad?

AvoidGreed replied on Saturday, October 26, 2019 11:06 PM PST 

Please avoid anything that seems to be too good to be true. There is no bargain in Pakistan, only deceit and frauds wrapped in sweet deals and honest looking conmen.

truth replied on Sunday, October 27, 2019 02:29 AM PST 

if I take full payment of office today......and keep it in bank ......... I will get much much higher profit per month...... from this profit, I will pay you 0.8 % ....

I may develop the mall very slowly, thus keeping more money in my hand in bank, which I collected from many buyers ....... thus earning extra profits on top of property price ...

wrong practice..... how can rental be paid if building is not yet materialized

Sleepless replied on Sunday, October 27, 2019 04:53 PM PST 

Agreed with your comments @truth. They are investing that money and also utilizing in construction. 0.8% per month comes to 9.8% annually and you have a commercial property at the end of the day. The best banks are offering is 13.25% annually over a period of 1 year. Property is bound to appreciate over time as well.

Asif replied on Sunday, October 27, 2019 07:34 PM PST 

Please be very very careful with the buy back clause in these type of projects, and possession too. will you get the possession on completion of the construction, and can rent it out to whom you want, check these things,

Tahir replied on Monday, October 28, 2019 12:43 PM PST 

This is not the time , when properties will earn and make you rich . The more people wait , more it will fall. It’s an honest suggestion to please do something meaningful with your money so it may creates jobs in a country whose labor force can turn its fortunes and off course for the one who is investing as well
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(763)
Friday, June 14, 2019 01:30 AM PST 
Nothing will happen

Dear Folks , I have seen a lot of posts on property trends after Budget 2019 .Here is my take on it ::
- Nothing will happen. Prices in developed and semi developed areas will keep on increasing. Investor zones like Gwadar and Bahria will suffer high time.Reason
1. Inflation in Pakistan is at 11 to 15 % per annum
2. Take an example :: A government officer in mid career (say Grade 18) is earning around 150000 perks included and in private sector is earning around 350000 to 400000 ( I am saying for mid career Manager in a multinational) .Even with these sort of incomes considering high utility bills , taxes, fees for good schools , expensive health care ..etc., It is virtually impossible for a person if starting from scratch to purchase a house in DHA or Wapda Town or EME ...The brunt or impact of this mis match between income and inflation will come on property gain regardless of 10 year or 3 year gain tax or any other sanction.Property value has to increase. In 2013 an average or say good 5 marla house in Lahore was 1 crore ,in 2016 it reached 1.25 crore and in 2019 it has reached 1.5 crores ..Despite all odds and uncertainties DHA Town increased from 55 to 73 even more , DHA Peshawar from 57 to 120 for a very good plot in last 18 months .Some areas might be stagnant but they will gain eventually. If Prism gets possession the price of a good plot can reach 2.5 crores easily
Lastly there are 6000 + dealers in Lahore alone ,Similarly Karachi and Islamabad and rest of Pakistan. The real estate guys will ensure that property prices remain stable or increase not for us but for their Rozee Rooti. Finally Punjab alone population is 11 crore + .This population itself is a mass market and would not be affected by taxes .
That is my take and better invest in places advised earlier including DHA Multan, Prism, Peshawar DHA ...Remember our high population is our worst enemy and best opportunity

Investor replied on Friday, June 14, 2019 03:19 AM PST 

Rana sb. Plz Plz face reality in each and every sense I am not a mid range manger. This catagory you explained is even much better opportunities of survival potential than any else these days due to their fixed salaried income but those invested for last 3 years in your explained desired Multan project are stucked & secondly sorry to heard news that Dha Multan is fixing it's file price which is a very unrealistic approach in current senerio of economic conditions.
The small investor who invested in this project for the sake of short term profit taking to meet and to get some early profit on their solid investment and to meet their living expenses by investing are stucked.
But not anymore now property is game of time those who invested for long term will defenetly get consistant gains with the passage of time.
The reason being it's just a file its not a underdeveloped or developed plot.
When you say Dha prism 9 yes to some extant your statement fits only because this land is developing and in near future their is some possession situation for a final destination of end users & builders, developers.
Same like wise No doubt Multan has its own existance & potential only when locals are intrested like wise in wapda town. But situation is different because the overseas investors like you & me is the one who make this land into paradise. It will take some time to be adoped by locals. Like wise Prism 9 when it's all installments of development charges are paid than enter to get maximum profits in minimum time. Today prism 9 is best for investment (those who understand it's potential & location) as well as for end users because it is a liability free zone with no fear of bad location located in the heart of DHA Lahore connecting two different sides of Lahore.

Consumer replied on Friday, June 14, 2019 03:20 AM PST 

Prices of developed areas will show gradual decrease or you can say correction for 2 years and then there will be rise. But one thing is confirmed, the number of transactions will decrease and property dealers will look for other professions.
Last budget was also bad for property market, and transactions decreased although did not decrease and now magnitude a lot more. At least ab satta bazi Nahin chale gi. Let's see what happens to DHA Multan files. Will it touch 60 or revert to 44

User_6006 replied on Friday, June 14, 2019 05:09 AM PST 

The culture of horizontal societies will end in bigger cities and verticle will boom IA you will se kanal here in posh society will become 10 crore plus so that no one from no where sell its cheap agric land of khach kho and settle here for better education and health and increase its population with out any roots from here.and no one truly want to leave their homelands.govt should act as mother before introducing european taxes where salaries are high so does taxes and people can see where their taxes are utilizing. Khan sb we voted you to improve court and police and ebd corruption but it seems you are on verge of making poor govt with poorest people.
Rana sb you are not well aware of MN in Pakistan.salaries are quite lower i know on top level peopel earning even 2 million but 90% of are starter or mid level are earning from 25k to 2 lac max.we need to see majority not salt in meal minority even non MN pvt sector people doing jobs on 30k frim years .so these people buy a plot with great difficulty for their future expense as jobs have no savings and these people buy plot for their children marriages,education health and to maintain their life style b even people earning 1 million raise their life style and need to invest in plot to maintain it.but khan sb it seems want to make middle class poorest and govt poor because if uber increase fares it will get more fare per person but no of customer will drop and waiting time will increase same will happen with real estae.with lot of people directly and in directly related with real estae govt should care them and spread enterprenurship in middle class so that they lift up poor class instead of feeding them free.

User_6006 replied on Friday, June 14, 2019 05:15 AM PST 

If i buy plot higher and sell lower will govt compensate me .no it wont thn y part of gains to that extent.
Similarly Govt should act very responsibily they should ask charity like dam fund to pay loans.instead of committing this mistakes as property has ut longest cycle of slump or stangent govt should not act carelessly.
And first make education free and health facilites better to middle class who work hard and runs the country.

User_6006 replied on Friday, June 14, 2019 05:22 AM PST 

I wish govt make university in every district and hospital in every tehsil so that people of their invest in their lands and make comnercials on bigger roads provided by govt and population remains even steven distributed instead of over populating certain cities.

User_6006 replied on Friday, June 14, 2019 05:29 AM PST 

Make sraikistan province and put a ban in Punjab that only Punjabi can buy land no other or chines.this will serve well.

Investor replied on Friday, June 14, 2019 07:42 AM PST 

Govt discourage real estate so that investors swift their money into some productive sector. But govt didn't provide the alternative option. So now investments will be Block. No overseas pakistani has the time to invest in some productive sector. So if foreign remittance will not come it means dollar will go up. Inshort this is a very stupid policy. Govt have to collect 5.5 trillion tax which is the target of this year but by this policy they will unable to collect a single penny. Instead of recovering the looted money from zardari and nawaz they impose more taxes on nation. Govt wants to slaughter a hen for the search of golden eggs! Buyers will not buy because after 45 days they have to become filer and seller will not sell. And if transactions will not happen govt will receive rotten eggs instead of golden eggs!

C H A replied on Friday, June 14, 2019 12:30 PM PST 

Simply invest in best location commercial and hot favorite end user plots ....

Recommend buying in especially the phase that is underpriced and non possession..but you know on ground actual plot location .. there will be room for growth in value and will still be easier to sell due to broad base of real end users who will want to build ....

Avoid smaller cities where real end consumers are far less ..... most of the buying in those smaller cities
( bhawalpur/ gujranwala/ Multan )were by overseas/ or out of town investors ........these cities are not going to give good gains due to lack of real end consumer volume compared to Lahore

You may disagree but My humble suggestion would be Dha Lahore only for now and particularly exceptional location plots like Phase 9 plots as possible possession in next 1.5 to 2 years expected

If buy now at good price .... you can still sell at good profit even if you account for capital gain tax .....
I won’t mind paying capital gain tax if,
1) I can sell my plot easily .....
2) I can still have relatively good profit margin for my investment....

Thx

Ali replied on Friday, June 14, 2019 12:57 PM PST 

@CHA
Question is how many end users can AFFORD these plots?
Reality is that majority of our population can only DREAM of a house in DHA. Do you think that the existing societies in Lahore are not sufficient for the end users who can AFFORD? It's a huge supply. And the demand is going to fall after this budget gets approved and once investors are out of the game. It's simple demand and supply equation. We should not mix things.
Only hope is that the budget does'nt get through the NA. :) Best of luck

thinker replied on Friday, June 14, 2019 01:43 PM PST 

i think property dealers should find something else to do soon. Secondly even overseas Pakistanis specially is USA or UK or Europe would invest there, rather than in Pakistan and lose 15% each year due to rupee devaluation alone. A non filer buying a plot is like painting a target on yourself for the FBR. Genuine filers like salaried class professionals cannot afford anything good in property with these prices. So who is going to buy ? And this population increase logic is total non sense. 99% increase in population is happening in segments who cannot even afford two meals a day. Its not like the middle class is growing and poor are coming up and joining middle class. Its the other way round.

Rana Australia replied on Friday, June 14, 2019 01:54 PM PST 

I think it is a healthy discussion.I will write tonight when I am free and discuss opportunities. Thanks to all for commenting

USA DOC replied on Friday, June 14, 2019 04:05 PM PST 

I can tell you from overseas investor standpoint

1) dollar PKR exchange depreciation
2) capital gain tax ( high rate for 10 years )
3) decline in property transactions and price

All of these are against now for overseas remittances by investor

This will hurt country

Asif replied on Friday, June 14, 2019 06:54 PM PST 

Well, thinker & USA DOC have explained almost all important points in few lines. Investors in smaller cities and non-developed areas in Lahore are going to face worst liquidity issues in coming future, one may not be able to sell his file/plot even in loss.

Ahmed replied on Friday, June 14, 2019 07:33 PM PST 

If population is being considered as an "opportunity", then one has to learn from Indian reality market. It's a decade since real estate market is struggling with almost no growth in the sector. The had similar taxation issues and on top of that the dumping of old currency notes policy contributed to near death of real estate market. (We are also hearing news of PKR limiting to 1000 notes only)

Simple replied on Friday, June 14, 2019 08:08 PM PST 

People living in Pakistan have better idea of ground realities regarding property market & sufferings of common man. It's not a matter of ego rather we should have clear understanding about market behavior no matter it suites us or not.
I think we must accept this reality open heartedly that attraction in proerty market is over for at least next 5 years (exceptions are always there but we are talking about market overall).
It's a bitter truth that property prices has gone too high in most of the cities even out of the reach of majority population which is struggling to meet both ends, they dont even think to buy plots or house. Middle class itself is struggling due to sudden rise in inflation. We do not see any demand in near future so downfall in plots prices is obvious.

Thinker replied on Friday, June 14, 2019 08:53 PM PST 

I expect around 20% drop in prices by June 2020 when dollar will be at 170-180. Prices have to come to a level where a professional or businessman making 3-5 laks per month can buy a house. Right now its not possible. Massive economic down turn is expected in the next two years with declining incomes in all sectors including banks, auto, real estate, cement, education, retail, imports etc.

AHMAD HASSAN replied on Friday, June 14, 2019 10:04 PM PST 

Unfortunately all gain of last 5 years has been stolen by USD.

USA Doc replied on Friday, June 14, 2019 10:27 PM PST 

Yes dollar has killed all gains for us overseas
So sad 😞

Consumer replied on Friday, June 14, 2019 11:11 PM PST 

Dollar at all time high of 157.5 today in open market.
Rok sako tu rok lo ....
Tabdeeli aai re
Tabdeeli aai re

Tahir USA replied on Saturday, June 15, 2019 05:16 AM PST 

Let us be patient; wait and see. Inna Lillah he wa inna elaihe Rajeoon.

Ali replied on Saturday, June 15, 2019 10:40 AM PST 

طاہر صاحب
ریل اسٹیٹ کی میت پر آپ نے إِنَّا لِلّهِ وَإِنَّـا إِلَيْهِ رَاجِعُوْنَ ہی پڑھ دیا ہے

anyone replied on Saturday, June 15, 2019 03:45 PM PST 

DHA ka Pithu ... jeolous from Bahria
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(762)
Saturday, May 11, 2019 03:30 PM PST 

"The NBP Marketing"

NBP Marketing. The newest form of Marketing that I witnessed during my brief stay in Pakistan. NBP might be known as National Bank of Pakistan to a majority, but I specifically meant Naan, Burger and Plot from it. One fine morning, I woke up to the notice of a spring walk which is quite a good step of DHA Islamabad for its residents each year. The moment I reached the venue of the walk I was literally speechless to sight a stall of DHA Phase III Islamabad, selling plots, next to the stall of a Burger and Samosa stall. Whosoever was the GENIUS behind it must know that even a private society in a small town will not sell plot like this. DHA Islamabad is a leader in real estate sector and it has a prestige attached to it. When you employ such tactics not only do you bring a bad name to the BRAND but also to all those millions of families associated with DHA Islamabad. I am sure DHA have facilities, resources and BRAINS who can think better than this. Another thing, I as an overseas Pakistanis cannot apply for the plot online which makes the entire case for targeting the overseas Pakistanis useless. Instead of the NBP strategy DHA ISLAMABAD can focus on a smarter strategy making it easier for the overseas Pakistanis to apply and purchase land in DHA. Best of Luck to DHA Islamabad on its future Marketing & Branding efforts (Fingers Crossed).

Irfan ()

Asif replied on Saturday, May 11, 2019 05:54 PM PST 

These feelings come when you buy a home for its BRAND not because of society's facilities and location. What a poor mindset.
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(761)
Monday, April 1, 2019 09:52 PM PST 
DHA Lahore Phase 9 Block Wise Rates Update From Lahore Real Estate Apr

DHA Lahore Phase 9 Block Wise Rates Update From Lahore Real Estate April, 2019


2➖Kanal

D Block: 325 to 425

1➖Kanal

A-Block: 105 to 150 Lacs
B-Block: 90 To 130 Lacs
C-Block: 78 To 150 Lacs
D-Block: 78 to 150 Lacs
E-Block: 78 to 135 Lacs
F-Block: 80 to 135 Lacs
G-Block: 90 to 135 Lacs
H-Block: 78 to 135 Lacs
K-Block: 80 to 125 Lacs
L-Block: 78 to 135 Lacs
M-Block: 80 to 130 Lacs
N-Block: 78 to 125 Lacs
P-Block: 78 to 150 Lacs
Q-Block: 85 to 145 Lacs
R-Block: 82 to 115 Lacs

10➖Marla
C-Block: 70 To 85 Lacs
F-Block: 65 To 82 Lacs
J-Block: 60 To 70 Lacs
K-Block: 62 To 78 Lacs
L-Block: 57 To 78 Lacs
R-Block: 70 to 82Lacs

5➖Marla
J-Block: 36 to 50 Lacs
K-Block: 37 to 55 Lacs
L Block : 36 to 42 Lacs
R-Block: 38 to 55 Lacs

Adnan Hussain
+923028409967
Lahore Real Estate

Don't Forget To Subscribe Our Official YouTube Channel
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Lahore Real Estate® is Authorized & Registered Dealer of DHA's

FRH replied on Monday, April 1, 2019 11:24 PM PST 

Prices are same or lower after paying full development charges. In terms of $, About 40-50% money is lost within couple of years. What's happening with property? Let's have open discussion please.

Ahmad replied on Tuesday, April 2, 2019 02:06 AM PST 

Dear FRH,

There is no money lost within the last couple of years. May I ask you a question? Would you like to sell your property at the price listed above?

FRH replied on Tuesday, April 2, 2019 11:59 AM PST 

Actually I'm an overseas. Purchased plot by cashing out $'s @ about 100-105. Now $ is @ about 144-145 so based on this, money is lost as the plot prices are almost the same and plus paid development charges as well.

thinker replied on Tuesday, April 2, 2019 01:19 PM PST 

Dear FRH
There are a number of reasons cited for the property decline like taxes, FBR etc, but the real reason is different. We must understand the difference between the VALUE of an asset and its PRICE. The value of an asset is how much income it can generate and price is what market sentiments determine. Right now in Pakistan the price of property is much more than its value. For e.g a house in islamabad costs 7 crores, thats its price but it can generate rental income of just 1.5 laks per month that is its value. Similarly shops cost around 1.5 to 2 crores on ground floor in major shopping areas, but they cannot generate so much income as to be feasible for anyone to buy them and start a business. Therefore unless the value of property matches with its price, it will remain stagnant. So how long will it take to match the two. Currently the price is 2X the value of the underlying asset, so considering around 10% increase in income of Pakistanis per year it would take 7 years. Best case 5 years. So dont expect any appreciation before that.

Suggestion replied on Tuesday, April 2, 2019 01:41 PM PST 

If you are genuine buyer, then it is good time
If you are investor than go for some other type of investment e.g., dollar or gold for some time till property again got better

thinker replied on Tuesday, April 2, 2019 02:10 PM PST 

How is it a good time if you are a genuine buyer ????? If the price is not going to increase and just stay the same lets say for one year, then why I should not buy after one year, and let my money grow at 12% in national savings or dollar or what ever. For me it would be 12% cheaper next year..

alpha replied on Tuesday, April 2, 2019 02:21 PM PST 

FRH sb. Chill. It just the economic ebb and flow. Pakistanis are going to reproduce at exponential rate - so in the long run you are good. Besides stop cribbing about changing your dollars - you are free to invest in US stocks like Lyft and take an instant hit of 10%

Curious replied on Tuesday, April 2, 2019 04:12 PM PST 

@thinker: good point mate!

Advice for you replied on Tuesday, April 2, 2019 09:40 PM PST 

FRH, No body knows in 2015 dollar will be Rs.142. So, if you no need money just wait for right time. Prices will be increase sooner or later.

KSA Banker replied on Tuesday, April 2, 2019 11:46 PM PST 

I find the analysis and views presented by "thinker" and "FRH" as very accurate and spot on. I can attest to that with my personal experience. During the 15 months period between Jan 2017 and Mar 2018, i invested a total of around 580,000 dollars in Prism. The prices of the plots since then have remain almost unchanged or have slightly declined in Pak rupees terms. However, due to depreciation of the Pak rupee against the dollar (from around 105 rupees to 140 rupees against one dollar), my investment in dollar terms is currently around 30% down compared to the cost. Even being a long term investor, I am afraid it will take quite a number of years for me to recover my original investment.

I also fully agree with the point regarding mismatch between properties prices and intrinsic values. At the prevailing properties prices and rents, the yield for a common investor on both residential and commercial properties is way too low compared to the risks of investing in the Pakistani real estate market. It will take a combination of significant increase in rents and decline in properties prices to achieve an economically viable equilibrium where investors would find it attractive to invest in real estate assets in Pakistan. Such an adjustment, as pointed out above, may take years if it really happens.

Best Regards

Asif replied on Wednesday, April 3, 2019 02:02 AM PST 

Very valid points wrt Rupee devaluation and intrinsic values. What is the way out from here for new investor? I can not see any reasonable return in Pakistan property for coming years. But what are the other avenues,

USA Doc replied on Wednesday, April 3, 2019 03:34 AM PST 

I agree with KSA banker....I also invested back in 2017 and 2018 in US dollars two kanal plots each in prism
I am currently at a loss looking at US dollar rate but I know I will hold those long and for sure they will go up in value in 3-5 years as it’s still under development phase
If u look at 2 Kanal plots phase 3/5/6/8 they are trading 6 crore to 10 crore
So eventually it will be ok
In short term yes there is loss
But long term in good location under developed areas you will still gain

Truth replied on Wednesday, April 3, 2019 11:48 AM PST 

w w w. dawn. com/news/1473566/another-amnesty-scheme-for-non-filers-planned

Property inflation coming soon

Thinker replied on Wednesday, April 3, 2019 06:52 PM PST 

Thanks KSA Banker...
The problem for overseas investors going forward is that dollar will not be stable for any period of time unlike in the past where it was at 104 for almost 4 years. Government is going for free float which means that each year it will be 10% more (based on the fact that inflation in Pakistan has touched 9.4% this month and would increase further, so the rupee will lose value by 10-12% per year against the dollar). It will gradually fall to 145 by May and then continue its fall and will hit 155 by december.
Although Asad umar has announced that non filers will be allowed to purchase property from July after the budget, however he has mentioned two other things. 1. DC rates would be brought exactly upto market rates. 2. FBR will investigate all non filers who buy property. Therefore once rates are equal to DC rates it will be very difficult for non filers to justify their income to FBR. I dont see any increase in prices due to this reason, other than the real value of plots that I alluded to earlier. I think the sooner we all accept that the party is over, the better it would be. It had become a Ponzi scheme and was sure to fall, just like all bubbles.

Kamal Khan replied on Thursday, April 4, 2019 12:48 AM PST 

Really interesting views -some are quite realistic and reflective of what the ground realities are. Would request CMY to share what views does he hold in the given situation.

pity replied on Thursday, April 4, 2019 02:31 AM PST 

US dollar is a huge bubble too. After signing up with IMF, it is bound to become slow and will not increase the way it did in past months. Maximum it ll reach probably around pkr 150. Free float might be another scheme to let usd dollar spread in market and then give a sudden shock of us dollar depreciation against pkr. Just like cars, buying property by non filers is freedom. Buying property would be still better than buying dollar or invest in stock market. Many non filers are the people who came/earned from abroad, doing jobs, businesses etc and have proper earning. For filing first time they do not have to prove everything, they need to declare everything. These people are not zardaris or shareefs or the elite who avoid tax. Asad um-a-r is developing schemes and then ditching the same schemes.

Kh Qasim replied on Thursday, April 4, 2019 05:22 PM PST 

I believe US dollar is bound to increase with prevailing above 10% inflation rate. It will definitely not coming down it will reach 150 and will increase further though at a steady pace. Regarding real estate, keep in mind the population is increasing fast, there are lot of people with money interested in owing properties in big cities so the demand is there and will be there. There is hardly any property on mortgage as compared to western countries where rising interest rate will burst the property bubble. Real cash, savings are poured into the real estate market. Trend is that people save and buy plots for the future generation. The insurance companies like state life and banks too have real estate in their holdings. Fundamentals don't change yes current trends are not positive but the situation will change when the dust will settle. In the short term the dollar will win but in the medium term it will be break even and in long term the real estate will win. Its very easy to say to sell property and buy dollars but in reality it is difficult to implement. The taxes, commission and sometime 5-10 lac extra you have to pay to cunning dealers will spoil everything.
For new investors, it is an ideal time year 2019 to look for property and get a good deal.

Saeed replied on Thursday, April 4, 2019 06:04 PM PST 

Agree with Kh Qasim on everything. But regarding US dollar i have doubt.
Property like gold is ever green investment. Now is the best buying time.

Ahmed replied on Thursday, April 4, 2019 06:36 PM PST 

Just to say this is a brilliant discussion. We haven't had a discussion like this for some time. Would be great to see and hear more views.

Just my contribution - yes, rupee weakness will hit overseas investors. But that also makes now a good time to buy if you have spare dollars?
And surely in rupee terms, plot prices will increase in the long term? What are your thoughts.

Salam and duas.

Kh Qasim replied on Thursday, April 4, 2019 10:48 PM PST 

Mr. CMY is long term player unlike many seasonal players here. He himself said those talking about property bubble were chewing bubble gum when he entered real estate market. The future for property is bright. DHA Prism and other phases are prime investments and good location plot will be above 300 lac + in 4-5 years time. Actually there are fewer safe investments like DHA. In dollar terms, it will above break-even I am not sure depending upon lot of factors. Though, many of my predictions went wrong. I predicted good location prism plots like A 463,A 222,C 445,C 301,D 598,D 251 valued at 87+13(development charges) on Mar 16 to be 133 on Mar 19.
Post No. 1163 (dated 13 Mar 2016)
My estimation for Prism good location (clean) plot worth 81 lac now adding 19 lac development charges total cost 100 lacs will be priced as follows:
Mar 2017: 113
Mar 2018: 122
Mar 2019: 133
Mar 2020: 147
Mar 2021: 164
Mar 2022: 185
Mar 2023: 210
Mar 2024: 245
Mar 2025: 300
Still believe, year , decent plot in DHA prism will be 300+.

Numb replied on Thursday, April 4, 2019 10:56 PM PST 

Very good discussion , I think dollar will be stable after 150 and it will go up to 156 in a year time, But after 2020 it will strike back,

However ,Property will be the winner in Long term investment , DHA Multan & Prism will be good options.

Ahmed replied on Friday, April 5, 2019 06:40 PM PST 

Good points - what is the advice for investing only a small amount, like 50 lacs in order to get a good return in Lahore in this current market?

Numb replied on Saturday, April 6, 2019 01:40 AM PST 

Ahmed, Prism & DHA Multan will gain 70 to 80% in 2 years time ( My 20 cent). Rest Allah knows we can just expect on the basis of last years investment & gain.
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(759)
Monday, January 28, 2019 02:36 AM PST 

Hello All.

I wonder what happened to all those advocating buying Prism back in 2015 on this forum, and claiming it would be developed in three years and the plot prices will triple ? :)

Asif replied on Monday, January 28, 2019 03:34 AM PST 

yes agreed with you and most of us were well aware that development could not happened in given time frame. But I still consider very lucky to invest in Prism 9 at least my investment is safe regardless a very slow gain.

One of my friend invested in Islamabad's top real estate group and nowadays he is only thinking if he could safely recover his investment.

Never mind if prism take more 2 or 3 years.

junaid replied on Monday, January 28, 2019 09:03 AM PST 

Yes please i am also waiting to hear from them and everyone was so annoyed when told that this has never happened in DHA and there is no reason that it would this time

Saleem replied on Monday, January 28, 2019 12:45 PM PST 

You must be talking about Surfer. Hahaha

khuwar replied on Monday, January 28, 2019 03:08 PM PST 

Phirte hain mir khuwar koye pochta nahi

Khan88 replied on Monday, January 28, 2019 05:43 PM PST 

In Pakistan, when I hear the news from estate agents/developers that they will complete in X years.

I generally multiply that with 3, so X = 3X in reality. When people were saying 3 years, what they really meant was 9.

Pareshan Khan replied on Monday, January 28, 2019 07:32 PM PST 

yar oh munda Surfer kithay hai ohnu labbou

Pareshan replied on Monday, January 28, 2019 07:37 PM PST 

Village pockets or proximity of many blocks to Rohi Naala ne sab khayali palau urr gaya hawa main... development charges bharr k bhi price ulta or neeche ja rahi hai. 70 lac se chal k 3 saal baad 70 pe hi khara hai plus inflation

jo log issay Phase 8 or 5 se compare kartay thay.. or 2.5 - 3 crore ki umeed lgaye bethay thay phase 8 ki tarha sab ghayab ho gaye ab

IAC replied on Tuesday, January 29, 2019 12:36 AM PST 

DHA Lahore has indeed failed to complete the Phase 9 prism project in due course of time despite of the fact they ve recieved the development charges in time . This way DHA is loosing trust of people.

4Muzzamil replied on Saturday, February 2, 2019 11:29 AM PST 

Purchasing file of prism in 2014 was my big mistake , i,ve paid 72 lacs in total by now and plot is also nearly of same price (no return after 05 years , whereas you can gain alot through other means of investment)

Surfer replied on Friday, February 15, 2019 11:12 PM PST 

Don't worry still here all friends. Specially pareshan bhai pareshan hona choor dein.
PRISM 9 is still the best but no body can predict future but knowingly current & previous economic & political circumstances everybody knows that PRISM 9 is still holding its position not even losses a single penny from its plot pricing. Gaining would definitely refers to above said factors. So hold your horses & be prepared for next comming flight. My priority is always that I always suggest what i always think best for my self.
"In shaa ALLAH"
And my words are Always the same.
"Try your level best & think hard to invest your hard earnings"
Nothing wrong to this PRISM 9 as a project it's the best project ever introduced by in the history of DHA LAHORE.
"In shaa ALLAH" PRISM 9 will perform best in near future.
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(758)
Friday, October 26, 2018 04:27 PM PST 
Investment Options

Dear Brother (s)
I have 10 Marla plot in Z3 IVY Green DHA Lahore. I bought it almost two years ago with total cost of 71 Lakhs (inclusive of all payments). The price of the plot is either little lesser or at the best the same. I have around 3.0/- Mn cash with me. With this background, the scenario is, I am thinking to make better investment for year plus minus. I discussed it with different real estate experts and sought their valuable views, option are as under:-
Option - 1. I may consider disposing off 10 Marla Z3 Plot and add my 3.0/- Mn into the received amount. Thereby having a total of approximately 10.0 Mn. I should investment in DHA Multan and buy 2 x 1 Kanal files. I was told it may give me 1.0/- Mn profit on single file (total 2.0/- Mn) within a year time frame.
Option - 2. I should add 1.0/- Mn (which I can after 2 months, let’s say by Jan 2019), thereby making total of amount 1 Crore 10 Lakhs (10.1/- Mn) and consider buying 1 Kanal Residential Plot in Prism - 9 and should wait for 3 years to get substantial returns on my investment. Return in the range of around 3.0/- Mn.
Option - 3. I shall wait and not sell of Z3 10 Marla plot as the development is in progress and I may get some profit after 1 year time. The profit in the range of 2.0/-Mn.
Above are 3 x options suggested to me by different real estate experts. I request to kindly give your valuable and brotherly recommendations, what option is more feasible for me. Thanks in anticipation.

LRE Online Support Staff replied on Friday, October 26, 2018 09:39 PM PST 

Dear Sir,
We Recommend You To Go For Option 1 to yield maximum gains for Short as well as for long term investment.
Reagrds,
For More Info Contact
Adnan Virk
+
Lahore Real Estate

Rana Sahib replied on Friday, October 26, 2018 09:50 PM PST 

Option 2

Multan doesn't seem like a good bet for 1 year - if you want to invest in Multan its a 2 year wait minimum.

Asif replied on Saturday, October 27, 2018 04:16 AM PST 

Brother I will not recommend anything to you but it is my understanding and could be wrong.

1st rule of business, If have you have capital 100 divide in to two. it will give you back up in worst case if you have to exit market.
2nd, most likely you have paid development charges on phase 8 plot and so till today you have got no return/profit on this investment. real return will be consider once you have paid off your phase 8 10 marla plot development charges please use this calculation.

ARR=cost of land + development charges= total investment - real market price= Answer - tax-commission- miserliness= answer . next step total investment/answer(current price) * 100=???? if it is below 40% hold and hold it mean it is not time for you to exit market but if you have emergency yes you can make move on no loss and profit. in this case your profit will go to real estate and buyer.

current situation, I think you should not touch phase 8 investment. use your 3 million + 500K (borrow or lone) to buy phase 9 5 marla plot in average location (mean not bad or not very good) it should be easy to sale.

I think in this plan you could make up to 4 millions in next 2 to 3 years. Allah Knows best.

Habib replied on Monday, October 29, 2018 12:32 PM PST 

Multan is beaten horse, I am clear that more reliable option I mean Plot on Ground in Lahore is Better for safety and price gain, I will not sell IVY green which is ready to be deliver and if Possible will arrange another 1 M to get good location5 Merla in same of in Prism in Budget of 40 Lac. Multan will gain if Lahore gains as well.

Nabeel replied on Sunday, November 11, 2018 06:50 PM PST 

Option 1 and 2 are both good

Actually Prism and Multan are the only reasonable projects in the market.
But hold period is 3 years for Prism, 5 years for Multan to get maximum gain. In both cases your returns will be much higher than you have calculated.
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(757)
Sunday, October 7, 2018 01:14 AM PST 

whats the new rule
within 60 days????????????? some time it takes 2/3 years for overseas to consolidate the required amount for any plot or house??? what a government????? salam

Asif replied on Sunday, October 7, 2018 03:44 AM PST 

They think overseas are printing money, so please improve your speed to print the money to have a property within two months. lol. kon musheer hai yar.

Investor replied on Sunday, October 7, 2018 06:30 AM PST 

Finance minister is planning to take more loans from imf nxt month. Which means ruppee will further depreciate. Today dollar is at 128 and experts say it will reach at 140. Not all of sudden but slowly. My point is kisi overseas pakistani Ka dimagh kharab ho ga k wo pakistan main investment kray ga as ruppee is going down and dollar is going up.

OVERSEAS replied on Sunday, October 7, 2018 12:13 PM PST 

Kehtey hey agar plot ya house lena hay to pesey 60 din me aney chahiye. Ye hal hey policy makers ka.
Suprisingly they do not want to facilitate the overseas Pakistani as the 60 days rule simply compelling the overseas to retain all his saving abroad over the year till the time he saved the required amount for sending in one go.

I think many new rules and amendment are following in due course as a result of recent rules which is going to prevent oveseas to think about sending remitance.

bilals replied on Sunday, October 7, 2018 02:06 PM PST 

government government khel rahay hain bhai. lagta hai 5 saal 1 qadam aagay, 2 qadam peeche hi chale ga

Ahmad replied on Sunday, October 7, 2018 04:31 PM PST 

It is difficult for overseas Pakistanis to declare property in Pakistan. That's why many overseas Pakistanis send money to Pakistan in chunks before buying a property. This is because Pakistani government does not have agreements with foreign countries on avoiding 'double taxes'. For example, if i live in Germany and buy a property in UK, i will not be double taxed.

Overseas Query replied on Sunday, October 7, 2018 06:09 PM PST 

Is their a change in rule for buying property for overseas. Can someone elaborate

OVERSEAS replied on Sunday, October 7, 2018 06:38 PM PST 

Asad Umar’s Mini Budget & Pakistan Real Estate Sector related Amendments (For both local and overseas Pakistanis)

EXEMPTIONS:

#1- Overseas Pakistanis don’t need to be FILERS to buy properties in Pakistan for living purpose. But they have to be FILERS to invest in Pakistan real estate sector for business purpose.
#2- NON-FILERS can inherit property from suppose or parents.

RESTRICTIONS:

#1- Overseas Pakistanis have to produce a certificate from the bank to;
A- Prove that money was remitted through proper banking channel
B- Prove that money was sent from abroad just 60 days prior to property registration or transfer
#2- Local Pakistanis who are NON-FILERS can’t buy property worth PKR 4 Millions or more.

PENALTY:

If any registering authority of excise and taxation department accepts, processes or registers an application of NON-FILERS for the registration of an immovable property, such person shall pay a penalty of 3% of the value of the property.

BLACK MONEY INVESTMENT IN PROPERTY SECTOR ARRESTED BY NEW LAWS

1- NON Filers can’t purchase property worth more than 4 Million PKR.
2- No authority will transfer property for non-filers as the person/authority will have to pay penalty equal to 3% price of property.

Ahmed khan replied on Sunday, October 7, 2018 10:06 PM PST 

Just a one liner, like the previous government they are hell bent to destroy the property market

MBS replied on Monday, October 8, 2018 01:16 PM PST 

there's no harm in paying tax especially the overseas buyers are hardly affected. you have to pay capital gain tax only if you're selling the properties within three years of purchase. if you sell them after 3 years of purchase, you don't have to pay any tax. correct me if am wrong?

The problem is this government does not seem to have a grasp of affairs, they go in one direction and make a U turn next day.
Tax or no tax, decide it based on a proper planning not on impulsive gigs to cheer the crowd.

Unless investors see some sanity and maturity in this government, no one's going to trust in their policies. As of now, government looks totally confused on what to do?

Nabeel replied on Monday, October 8, 2018 01:20 PM PST 

Pay PKR 5,000 annually and become filer, and get PRCs. Safe for life.

Rules will keep changing.

Ali replied on Monday, October 8, 2018 02:54 PM PST 

@Nabeel

What a good piece of advice ;-)

OVERSEAS replied on Monday, October 8, 2018 10:38 PM PST 

As per F.minister Overseas are exempted to be a filer, prior to that IK asked tge overseas fir remitance , moreover oveaseas income is tax free. On the other end they are ready to take withholding tax on bank transections.

What a Government........ Salam Government !
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