Lahore Real Estate Forum

Monday, December 15, 2025 06:22 AM
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(20)
Thursday, July 18, 2019 10:50 PM PST 
DHA Multan

What is happening with DHA Multan? The 1 kanal allocation file price dropped to 46.10 lac. Unfortunately the ballot is happening at the wrong time i.e. bad current economic situation. The project is too good and DHA has invested a lot in project as can be seen on the video shared by CMY. The project is worth investing for long-term holders.

Ali replied on Friday, July 19, 2019 12:15 AM PST 

Not only multan... Look around with open eyes
Ring-a-ring-a-rosies
A pocket full of posies
A tissue, a tissue
We all fall down…

Tariq ch replied on Friday, July 19, 2019 04:04 AM PST 

What be the future if Bahawalpur
It may fall @ 2 million

Tariq ch replied on Friday, July 19, 2019 04:05 AM PST 

What will be the future of

Ali replied on Friday, July 19, 2019 01:51 PM PST 

@Tariq ch
Maqbara :)
In major societies there the blood bath. What you expect from that dead zone?

Abdul Ghafoor replied on Friday, July 19, 2019 02:09 PM PST 

Societies ki choro, mulk ka kya ho ga??? already interest rate 13.25%. Who will invest in property when banks can give you that much increase on your money? mehngai. Unfortunately ye tabdeeli galay pur gahi hai.

User_6006® replied on Friday, July 19, 2019 02:47 PM PST 

These are lowest prices with rupee deprecation and inflation people are in loss but it will over soon.

Kh Qasim replied on Friday, July 19, 2019 03:30 PM PST 

@Abdul Ghafoor once we get rid of incompetent fools we will be back on track. This cycle will last for 2 or max 3 years. The cost of business will be viable and thing will start working again. The country has a lot of educated youth and the system needs to put them on work. If system don't then people will find their own way to sort things out as rightly said necessity is the mother of invention.

Consumer replied on Friday, July 19, 2019 03:30 PM PST 

Agree with all this. DHA Multan is a very good project. DHA expected too much out of this. 68 Lacs as cost of land on installments was too much and a blunder. It should have been not more than 55. Then timings are bad as well. I called a dealer around Eid and told him that I want kanal allocation file, I was ready to buy it at 48, however he started laughing at me and said don't expect any thing under 52 and agar late Kia Tu it will go to 64.
Bohat ziada hawa bherte ja rahe the aur ghubara phar dia
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(19)
Wednesday, July 10, 2019 03:52 PM PST 

Dear LRE team & friends,

What is the best investment option under 3 million
. DHA-7 (Affidavit) 29.50
. DHA-8 Z 27.00
. DHA-9 (Affidavit) 28.25
. DHA-9/10 (Ext) 25.50
or any other option

Thanks

Achakzai replied on Wednesday, July 10, 2019 08:12 PM PST 

Dha Quetta

Kh Qasim replied on Monday, July 15, 2019 01:07 PM PST 

Out of these options my vote is for DHA- 8 Z (Reason: good place to built a small house there)
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(18)
Wednesday, June 26, 2019 02:12 PM PST 
Long term Realestate Investment

with the relaxation of LRE policies I am starting writing again , I am non resident Pakistani

I am long-term property investor, and have invested in almost all reputed housing societies in Lahore. The Rule of thumb had been if you invest in slump you have almost no chance of losing at least in terms of Pakistani Rupees,
I started investing about 13 years back and had versatile experience of buying but not selling. Especially residential , The Investment which I Bough About 10 years back are about 5 to 6 times growth in Pakistani Currency, the things were OK till 2018 when I invested heavily in prism after First devaluation of Nawaz Govt, at that time prices were 25% lesser than 2015 peak in Prism, In spite of having good purchases all my investments are 30% Low in terms of UAE Dirhams, In past 20 years my experience with Pak Currency was if it was devalued 10% it will stay so for another one year, it happened so even worst time Zaradari as well, In that time market would absorb impact of devaluation. This is first time we are seeing Pakistani Rupee going down and down again.
In last one year I have borne so much loss in terms of AED Currency that my 3 generations can be fed life long on that almost 50% shed on all holdings in Pakistan. Other who are holding will have same impact but my be unable to calculate, In Simple terms If I was Holding 3 Kanal Plots in DHA years Back, Today one of them is wiped out due to economic performance of Govt.
Point was to emphasize that Overseas Pakistani are main investors in real-estate and such a sheer weakness of Pakistani Currency will definitely a big -big factor for their long term investment decisions. To me It is far bigger factor than FBR rate or asset declaration.
Should it continue then Pak Currency will become worthless paper and all real-estate or high value Purchases will be done in Dollars and Rupee will be used just to buy Double Roti and Milk which will change rate every weak, Pakistan will Joint other Countries like Lebanon and Egypt etc. where property is valued in Dollars.
I am not sure what Current Govt is looking at but, From their Performance it is quite Clear that they have succeed to stop all types of business in Pakistan except Black Money exchanges.

Tariq ch replied on Wednesday, June 26, 2019 02:50 PM PST 

AoA
With due respect Dear Habib
These are overseas who made the life of common man of Pakistan difficult by illogical investments. More of them borrowed Bank Loan and invested in Pakistan.

I was owing and running a hotel in J.T Lahore. Its value was 2 million 20 Years back and monthly income was 40K only. It was difficult to meet my home expenditure.

I sold said 3 Marla commercial plot and someone purchased in 30 Million.

How can he draw 0.5 M from a business which was only running day to say expenditures 20 years back.

SUMMERY
Property prices are high as compared to their actual value. Illogical investments of overseas has destroyed business and has sucked last drop of blood of 70 % Pakistanies.

Tariq ch replied on Wednesday, June 26, 2019 02:54 PM PST 

Property business is over now for few years and U are expecting it's transactions in Dollars

Kh Qasim replied on Wednesday, June 26, 2019 03:12 PM PST 

Excellent article Habib Sb. You are 100% right. GDP of Pakistan was 305 Billion USD in 2017. Dollar was around 110 in 2017 and 160 now means more than 45% devaluation that shrinks GDP from 305 Billion to 210 Billion. GDP per capita of pakistan was USD 1547 in 2017 and we ranked 147 in the world around Bangladesh, Uzbekistan and Kenya. Now in 2019 after 45% devaluation GDP per capital falls from USD 1547 to USD 850. That will take us from 147 rank to 164 rank i.e. below Yemen and just above Ethiopia, Haiti and Rwanda. Now, I have started looking into the economy of Rwanda, Haiti and Ethiopia what people are doing there, how's real-estate market there and whats their source of earning. I will share the road-map with you all in near future. However, keep in mind that previously I used to think that it was due to 2 previous corrupt governments and their bad loans and this govt doing nothing wrong.? Now I realized it is due to the sheer incompetence of the current government and poor decisions that destroyed everything. They will take us to total collapse.

Consumer replied on Wednesday, June 26, 2019 03:12 PM PST 

What goes around, comes around
The overseas Pakistanis invested so much in property that the actual consumers can not buy property at such high rates. These investments actually deprived us from owning a house.
The housing sector should not projected as investment option. Those who invested should suffer and those want to buy and live should be accommodated. By the way Dollar is today at 162.

Habib replied on Wednesday, June 26, 2019 03:14 PM PST 

I could not understand your point, You mean you bought a Commercial plot in 2 Million 20 years back, and you would be more happy and country would be more prosperous if still its price would be 2,3 Million after 20 years, Nope it is not going to help Country neither people,
Main Focus of Overseas investments are World class Housing Societies in Sub Urban areas which is none of the business of Poor or middle class Pakistanis, These are the Parking lots of Money which is source of remittance and Jobs for Pakistan, I offered to one of my poor relative to live in a bungalow built in Izmir Town, He politely refused that neither he can come and go daily to work nor he can afford schools and tuition for his kids in these localities, Why don't you buy a small House in Gari Shahu and I will happily live there and Your investment will keep Going as well, If there will be no overseas investments there would be no Bahria of defense etc, There would be 10s of more Gari Shahu with Triple Story Houses,
These Housing areas we see are just Parking Lots of Money, Source of Remittance and some Jobs. In their absence overseas would be more interested in Investing in International Mutual Funds and offshore bank accounts form where they can wire the money anywhere and any time they need.

ABC replied on Wednesday, June 26, 2019 04:04 PM PST 

Now Start blaming overseas for Dollar at 162

Milo replied on Wednesday, June 26, 2019 04:05 PM PST 

Mashallah, this is the first time i have heard that OVERSEAS / REMITTANCES are Impacting negatively to the Country.
Just read the current Financial numbers / figures and surveys and imagine if those REMITTANCES would have been stopped.

Adnan Ali replied on Wednesday, June 26, 2019 04:13 PM PST 

100% agree with Habib and still worst is coming, because people are losing their jobs and income, And for survival they would not have any option except selling their land/investment at a throwaway price.

Consumer replied on Wednesday, June 26, 2019 04:47 PM PST 

Remittances should go into business developments, mutual funds and should not act as a tool to deprive the poor nation from housing facility by hoarding of plots for profits.

Anonymous replied on Wednesday, June 26, 2019 05:25 PM PST 

Mutual Funds Investment in Pak?
I invested 1 Million, 3 years back, and so far I suffered 0.3 Million Loss and rupee deprecation is separate :(

Khan88 replied on Wednesday, June 26, 2019 05:36 PM PST 

It was a well known fact, rupee was going to be depreciated against USD, in Nawaz government it was artificially over-valued.

I know overseas Pakistanis who realized this and took their gains while they could. Unfortunately real estate in a debt based economy (like ours) is prone to economic cycles i.e. property doesn't always go up. Timing is everything , just like everything else in life.

Rana A. replied on Wednesday, June 26, 2019 06:30 PM PST 

Salam o alaikum,
Habib bhai is write. But as he told that he had experience of 20/30 years then i dont understand why is he worried?
Everyone must know in business is name of profit and loss.
Now the prices are already stable esp.in dha. No more fall. Yes dollar is rising which giving loss to property value.
It's going to change as CMY explained InshaAlh.
Maximum 6 months, a very very big jump in teal rstate going to happen. Black money holders going to make white and again jump in business esp.real estate. Nawaz and Zardari are going to pay whiten 6 months InshaAllah.
Remember my words.
Who wants to buy , buy now. Make your black money, gold to white and just pay 4% to govt.
Believe me no country in the world having this kind of amnesty of 4% tax.
In europe is more than 50% with late intetests and fines if they give amnesty. Otherwise all blocked with jail and having biggest charges of money laundering, human smuggling, terrorism sponsering etc. Who will like all these allegations on neck.
And it's your land. Minimumly You also have to be playing and feeling Hero and Leader of your land.
Atleast we all going to answer our deed 8n dunya or in akhirah , sure 100% .

Please dont wait and jump in field and show yourself what you can.

Wa salam

Rana. A

Dani replied on Wednesday, June 26, 2019 07:01 PM PST 

and buy DHA Multan file in 63 Lakh from Rana Australia :)

Habib1 replied on Wednesday, June 26, 2019 10:35 PM PST 

People are being funny out here when they say in 6 months prices are going to rise? Bhai it’s already 5 folds high. From here it’s not upward trend it’s downward only. Prism which is underdeveloped and may take a decade or more to develop has whooping transfer charges . Who would buy such plots and wait a decade?.
When you talk about investment there are many other opportunities rather than buying property and see your hard earned money loses its value in terms of depreciation. 162 and still counting.

The developed areas like phase 5 and phase 6 have transfer charges that one can not even imagine to buy as an investment since return will take ages. From my perspective easy money is over, better sell properties ( if you could get buyers ) and do productive work. The fate of property is ominous for those who can see.

User_6006® replied on Wednesday, June 26, 2019 11:31 PM PST 

Corporates sucks soul from body , its selfish dirty mean sluggish harsh professional life with stress and mother of diseases.we need agric reforms and soft indutrialization , better societies ,better commercial , better export of agric and soft industry and our strong currency with better health facilites and good tax but better salaries.and peace.

Tahir USA replied on Thursday, June 27, 2019 03:29 AM PST 

Habib's analysis is absolutely correct. I'm an overseas for over 25 years practicing corporate laws. Here some gentlemen are simply ignoring the global realities and mechanism of economies. Just wishful thinking will not bring anything 'good' except more miseries if you are not smart and intelligent to act in time. This is what current government has done though I myself voted for it. Its a sheer incompetence and chaos; only useless speeches in the Parliament; and no meaningful legislation at all. Lately in our local Masjid many professionals and highly educated Pakistanis are talking the same as described by Habib, and do not want to remit their earnings anymore back to the country. Good luck.

Thelma replied on Thursday, June 27, 2019 04:05 PM PST 

It is because of people expecting 3 times gain in their investments while sitting home doing nothing ,that Pakistan is In this economic crisis ...Why don't these oversearers invest in U.K. UAE,USA,....because their money will not multiply as fast ,...They only love Pakistan because their money will multiply at a phenomenal rate ,without them lifting a finger .something they can never dream of doing anywhere else in the world ....And they do us ehsan by calling it remittances ....If Pakistan stands on its feet ,which it will inshallah, we will not need yr remittances .....We will have our people investing in industries ,and not in pieces of land ,to get returns that will not only create jobs but we will be exporting to get the dollars that you were giving us as bheek in the name of remittances ...Inshallah Pakistan will stand up and fight all the free loaders ,free sleepers on our land ,Mufut khooras who were destroying our economy and yet making millions ....We will not need your money anymore ..God willing ...

Thelma replied on Thursday, June 27, 2019 04:12 PM PST 

He starts his article with " long term investor in property " "not long term investor in industry ."
So u were an investor looking for returns without lifting a finger ...that you proudly say increased many folds when the crooks were ruling the country ...so u were so happy with yr smart investment and happy u were doing A favour to Pakistan...Now that we have an honest head ,you r suffering ...good ..I'm so happy u will never invest in our property for yr gains ever again ....we don't need you ...

Rana A. replied on Thursday, June 27, 2019 04:29 PM PST 

Salam again to all,
@ Habib & Tahir, brothers i am also overseas since last 25 years and doing just business. But believe me what i found how easy is in Pak to multiply money, there is no where.
Yes, you are right , you have to be not only honest but also intelligent and hard working.

@Thelma, well answered and appreciate to have love for your land. You are right, there is no country in world which could multiply investment of some one while sleeping.
But Thelma, please dont take every overseas with same way. There are a lot who loves and their hearts beat with Pak. They feal pain when Pak not flourish. If today just will be stability in economic, you would see a lot overseas would come back with their earnings.

Arif replied on Thursday, June 27, 2019 04:44 PM PST 

Don’t forget our economy heavily relies on remittances. If oversees Pakistanis stop transfer their savings to Pakistan the situation will get worst. Though government admits importance of remittances but they have no sense and vision to foresee the negative impact of its current measures on remittances.

Thelma replied on Thursday, June 27, 2019 05:19 PM PST 

Rana sahib thanku...Arif sahib the hard working honest overseasers who love Pakistan and r not sending money to milk Pakistan but to help Their loved ones who happen to be Pakistani s..they r the silent builders of this nation ,who do not even know how their remittances r helping ..They will keep sending to their loved ones to invest whether in real estate or Business or just to support ....Theyr the real hero s and rest assured Habib sahib,thisepeople will keep sending ...because they r not sending it fir their selfish ends. They r sending money to their loved ones ,which in the end. Happens to be our dear Pakistan...long live Pakistan
The more people who were making millions CRY ,the more iim convinced that something is going Right for this country ...may yr millions go into the drains and may Pakistan make millions without yr brilliance..
Rest assured Pakistan is trying to stand on its feet. It may falter and u may clap in glee waiting for it to fall but the honest hardworking REAL Pakistani will hold its hand and make it not walk but RUN...

Consumer replied on Thursday, June 27, 2019 05:48 PM PST 

Remittances going into property just give a temporary boost but are bad for growth and economy of the country in the long run. Should Govt allow the property to remain tax free zone and undocumented, so expats can enjoy doubling their money.
Property market must come back from speculations to real value

User_6006® replied on Thursday, June 27, 2019 06:11 PM PST 

Govts need to understand property has its own three cycles and lomgest is slump so hovt should not aid by policies to keep it stagnant

We still need to make property 20 time more costly as our neigborhood cities Delhi,Mumbai,Dhaka ,chitahong ,kabul,tehran are.
To control population in major cities and to uplift small cities towns and agriculture.
People are bullshitting here.

Kh Qasim replied on Thursday, June 27, 2019 06:33 PM PST 

The trade deficit numbers for October 2018 have been released by state bank.
Imports = 4.8 billion in Oct 2018
Imports = 4.8 billion in Oct 2017
No reduction in imports after 30% devaluation and extra duties.
Our problem is excessive and useless imports which is using up all the dollars. Exports cannot be doubled in months so that is not a solution for the immediate crises. This crises is not due to loans but due to imports of 60 billion per year.

Even if we get 12 billion from IMF and some help from China, we will use it all up by June 2019. What happens after that ? If these imports are not stopped, there are only two possibilities (mathematically) by June 2019.
1. We default and declare bankruptcy or
2. Dollar hits 200 to a Rupee so imports are automatically curtailed but we go into hyper inflation like Turkey and Iran

Kh Qasim replied on Thursday, June 27, 2019 06:34 PM PST 

what are the useless imports that we are currently doing?
Many. There are two kinds. 1 things that we make but still import 2. Things we dont make but are useless. For e.g in the first category are things like Fans, exhaust fans, coolers, clothes, shoes, fruit, toys, motors, pumps, bathroom tiles, floor tiles, sanitary fittings, sinks, flushes, switches, etc. The second category are imports like fancy toys, sweets and chocolates, high end mobiles, LED TVs, perfumes, garments, bakery items, land cruisers, Prados, rugs, fancy furniture. Even simple toffees are being imported from China.

Ahsan Sattar replied on Thursday, June 27, 2019 08:46 PM PST 

There is one thing called "Real Effective Exchange Rate" REER. The REER of Pakistan was around 125 in 2017 when Pakistan was asked to bring REER closer to 100 for any negotiations with IMF. Pakistan since then started devaluation.
Currently (at 162) the REER of Pakistani rupee is 103. This is fairly close to 100.
The problem with our currency is as soon the government brings REER close to 100 mark it starts rising again, because of number of factors including the trade deficit.
It will be keep depreciating but at lower rate till end of this year probably. After that global recession to follow.
Best of luck!
(At 100 it is considered that the currency is neither overvalued or undervalued. Above 100 is artificially over valued currency and below 100 is undervalued currency).

About imports:
In terms of luxury items called as "unnecessary" imports in this thread, these items contribute to some extent to the import bill. When we people talk about imports we normally come up with "luxury cars" as the most unnecessary import yet total vehical import is 4% including all.
Mineral fuels including oil: US$17.1 billion (28.4% of total imports)
Machinery including computers: $6.3 billion (10.4%)
Electrical machinery, equipment: $4.3 billion (7.2%)
Iron, steel: $3.7 billion (6.1%)
Organic chemicals: $2.8 billion (4.6%)
Vehicles: $2.6 billion (4.3%)
Plastics, plastic articles: $2.5 billion (4.1%)
Animal/vegetable fats, oils, waxes: $2.1 billion (3.5%)
Oil seeds: $1.5 billion (2.4%)
Cotton: $1.3 billion (2.1%)

Our problem is we don't produce what the world demands.

PS: By the way we consume 15 liters of oil per capita. While world's average is 3 liter's. If we start consuming "NORMAL" we can save at least $2.1 billion of import and can even export edible oil :).

Adnan Ali replied on Thursday, June 27, 2019 08:59 PM PST 

Main reason for current crisis is Dollar speculation, our dear STATE BANK has decided not to interfere in dollar price. so As soon as USD reaches 140, brokers start saying it will got 160, and now it touches 164, brokers say it will go 180, so people who carry USD in their home, do not encash, same way an exporter are not bringing their money in Pakistan but waiting to usd reach its Peak value, same way this speculation caused people to convert their pkr savings into usd which makes usd shortage in market.

There is not much trade deficit difference in recent months as compared to 2017, 2018. every thing could be normal if STATE BANK does it role by controlling brokers/speculators and say clearly that it will do every thing to make pak rupee value stable.

For God Sake, please do not discourage investors, no matter PTI or not, this country belongs to every one.

Current govt has spent 1 year and same way next 4 years will also pass. Next time some other party will be in power.
Do not be a blind supporter of your political party and if they are doing some thing wrong, accept it instead of trolling so it could be corrected.

Ahsan Sattar replied on Thursday, June 27, 2019 09:20 PM PST 

@Adnan
There is one exchange rate called "interbank rate" and one rate called "open market" rate. The trade in money exchanges daily is worth around 10 million dollars (open market). While in the interbank (State Bank and commercial banks) its around 100 million dollars.
Who can influence the rate? Money exchanges?

Rana A. replied on Thursday, June 27, 2019 09:32 PM PST 

Salam to all,
It's a long time to read really intellectual discussion.
In my view we all having moral duties on each stage on each level whether we are in land or out of land.
Also no doubt, the overseas pakistani were and are sending and sending money to their relatives or for themselves but our leaders + bureaucrates took it back to west.
As to pray namaz, first of all we should have wadoo but unfortunately in whole muslima umah incl. Pak we are liars, cheaters, selfish and lazy. We don't like to work but we want to be richest in overnight while sleeping.
Nrw govt is speaking about Madinah but still i did not undetstand, " why did they not implement the laws of Madinah Walay kay".
E.g; In Islam tax is named Zakat. It is 2.5%.
Its also true our leader is honest but he has to make his left and right hands also honest, intelligent, hard working and inventors, not "Lakeer day Fakeer".
If some obe tells me we are stupid nation, i would not believe. But govt has to find out honest and appropriate brains. They can ask whole nation, " please write down your suggestions how to come out the economic and moral crises without age, sex or region distinction". And govt.has to select best hundreds or best 10 and ultimately best 1.
No doubt, when you try to catch a thief that would show reaction in all possible ways even to kill you for ones escape. So this happened and happening. But captain also has not to let his boat sink while fighting.
Inland paki's or outland paki's also have not to start collecting dollars and even dieing with fear of loss in other investments. They have to think one minute, we are brown and we would stay brown outsiders on western world whether we are having western nationalities. We are called there, browny or blacky. Is it true or not?
Govt.also should not make scary to businessmen or investors. It is human nature, each one wants profit not loss.
In my suggestion, govt. should give them guarantee of security in all the ways and convince them to pay most least tax in the world. Believe me, whole business world would run to Pak.
I hope this amnesty would help Pak, InshaAlh.

Crying people always cry whether is spring or autumn, winter or summer. Is it right or not?

World steping forward so we should also step forward with passion, devotion and hardwork.

Wa salam,
An overseas

Kh Qasim replied on Thursday, June 27, 2019 10:30 PM PST 

Myth is that Pakistani's don't pay taxes Reality is that Pakistan is one the most heavily taxed country. Last year FBR budget revenues of 4398 billion from direct and mostly indirect taxes. If we divide 4398 billion by 10 crore adult Pakistanis, then each Pakistani will pay Rs 52,776 tax (mostly indirect) this year. Now average income of a Pakistani is Rs 12000 per month according to Government figures. That means that each Pakistani making Rs 12000 per month has to pay Rs 4398 in tax each month. This is almost 37% tax. This also makes Pakistan the most heavily taxed country in the world, and the sad part is that burden is mostly on poor and middle class Pakistanis. This year the tax revenue collection is estimated at 5500 billion. You can not extract more tax from these people. Yes the tax can shift from poor and middle class to rich one's with correct policies. But the fact our income is not much (that is the issue). We need to increase our income. If we want to collect more than we need to create wealth. Yes wealth can be created. That is the only solution.
Good planning is based on correct assumptions. If the assumptions are based not on hard facts and truths, but on wishes, the plan fails badly no matter how good the intentions. A classic case is this year's FBR target of Rs 5500 billion tax collection. This is based on 4% GDP growth rate, 10% inflation and around 20% growth in tax collection. All three assumptions are not based on any facts, trends, historical data, FBR capability and incentives but on wishful thinking. Needless to say FBR will fail to collect these taxes by next year, will cause further demoralization of its staff and will face even more criticism in the media. This is called "setting up to fail". FBR has set itself up to fail. The entire budget is based on the assumption that FBR will collect 5.5 trillion in taxes, and hence the entire budget will fail to meet its targets, and most developmental expenses would be halted in the middle of the year as revenues wont be as much as planned. This cycle would continue and we ll find ourselves in an even more miserable situation a year from now. Why cant the assumptions be made more realistic or even conservative like 2% growth rate, and if the growth is more FBR will exceed its target making life better for everyone. But this wont happen because we as nation dont want to face facts but want to feel good for now and not worry about tomorrow.

Tahir USA replied on Sunday, June 30, 2019 05:51 AM PST 

@Thelma, your love for my Pakistan is highly appreciated, but we should come out of suc delusional mind set of mere wishful dreams? Kh Qasim has made his point very convincing being logical with facts & figures, and some corrective measures as well. Rightly stated that this is "setting up to fail". Being honest is a good personal trait but is of no significance when one is incompetent to deliver and impotent to act in time to manage the mess. They could have managed it much better but have planned to fail. Current leadership knew for over 20 years that our country has been plundered massively by previous rulers. People voted for better change in their lives, instead got more hard time. What a change! Good luck.
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Tuesday, June 25, 2019 03:28 PM PST 

I want to sell my 2 plots in BAhria town Karachi ...both on disputed land ....!!!!welcome to the world of Malik Riaz.
Want to get out and leave this mafia land even at a loss.
Paradise Pr 52
St# 16
Plot # 108

Plot # 18
Block C valley
Street # 18

Kb replied on Tuesday, June 25, 2019 04:43 PM PST 

Who will buy from the way you are selling ?

Thelma replied on Tuesday, June 25, 2019 05:51 PM PST 

Ha ha nice joke

Tariq ch replied on Tuesday, June 25, 2019 08:14 PM PST 

These are overseas who want to dispose off their savings at any cost.

Their innocence is encashed by mafias like Malik Riaz.

Kh Qasim replied on Wednesday, June 26, 2019 01:05 AM PST 

First of all thank you very much for being honest. There are still lot of people in Pakistan interested in buying those plots. I saw an add in Newspaper where some party selling land in River Ravi and it was written that currently these plots are in water.

Thelma replied on Wednesday, June 26, 2019 02:13 AM PST 

Who in their right minds would buy a plot that even the developer, the thug MR,Doesn't own....My add was just mockery ....BT proudly ,still air their adds shamelessly urging people to come into their trap.

User_6006® replied on Wednesday, June 26, 2019 03:13 AM PST 

Na shukra log

Kh Qasim replied on Wednesday, June 26, 2019 12:32 PM PST 

@Thelma, I had one plot in Bahria Town Rawalpindi on a disputed land. I submitted an application to Bahria Town Head Office requested to offer me an alternative. They offered me several options and I picked the best among them. They issued new allotment letter free of charge. This is how it works.

Thelma replied on Thursday, June 27, 2019 03:52 PM PST 

Qasim sahib. You were one of the luckiest one and that too when BT had not expanded it tentacles far and wide....
If u got a good alternate ,offer shukrana nafles ,because u were saved by Almighty ....What I saw in BT. How innocent people were pleading to get a fraction of their hard earned money back ,and how calloulesky the officers ,the partners in crime.,Sitting in their seats were fooling people with fake promises . there were widows ,innocent young men,who saved pennies to invest ,And how utterly helpless they were seeing their money go down the drain ..The files of plots they were holding in their hands could be worthless piece s of paper if u count the years spent in paying instalments and finding out in the end that the plot does not even exit.Bahria had no answers..just fake procedures ...one young man who was their for his widow mother ,said he followed all procedures to get a refund yet he was just going round and round in circles with no answers ...for the last 6 months ..He said He could not get angry because these people would throw him out and black list him from entering BT office...he couldn't afford that ..as he could not lose hope of getting even half of his investment back for his mother .....That place is a land of buduas from widows ,orphans ,and innocent people ....Malik may be living in palaces now but one day he will be standing alone in front of the Almighty ...

Kh Qasim replied on Thursday, June 27, 2019 05:50 PM PST 

@Thelma, after reading your reply I do feel very lucky and thankful that my issue has been resolved. The behavior of Bahria Town as you mentioned is totally unacceptable and unlawful.
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Wednesday, June 19, 2019 08:35 PM PST 
Chairman FBR on Property Prices

According to chairman FBR, the property prices will decrease (Source: express news dated: 18 June, 2019). What does this suggest? We should sell our properties now (as it is expensive at the moment) and then buy and hold US dollars? Otherwise according to him, it will decrease in future so what is the point in holding properties.

Ali replied on Wednesday, June 19, 2019 08:39 PM PST 

Yes. It's wait and watch game now. Suddenly it will be slide situation when people realize everywhere you see FOR SALE adds. In fact there are few buyers in the market already. It's only that people who are holding have holding power. And because people don't see any alternate investment venue.

ashraf replied on Wednesday, June 19, 2019 09:58 PM PST 

pl dont spread fake news .

Consumer replied on Thursday, June 20, 2019 04:18 AM PST 

The news is real. It's all over the national media. The game is psychological now. Who will blink first. Then there will be a slide in prices.

Consumer replied on Thursday, June 20, 2019 04:30 AM PST 

The new rules will be applicable after 1st July, so if you want to avoid CGT, sell it before 1st July

User_6006® replied on Thursday, June 20, 2019 12:50 PM PST 

They will take uturn soon my dear when they wont get enough taxes.
They will increase property because when they take tax from dealer , raxrs from seller and make on matket value .market will jump more to keep diatance from fbr market value toll next budget.

Abdul Ghafoor replied on Thursday, June 20, 2019 01:52 PM PST 

Property is already on slump. How much lower u want property to go? Don't expect people giving away plots for free. Keeping a plot does not cost extra or minimal fee. So unless someone is very much driven to get some money, I don't think people would start selling their plots taking in losses of 5 lakh or million PKR. Rest Allah knows best.

asad khan replied on Friday, June 21, 2019 01:18 PM PST 

Dear brothers, my post about 2 years from today was removed by the site admin.Now i ask the admin what has he to say, further misguide the people

Tahir replied on Friday, June 21, 2019 01:23 PM PST 

Property won’t remain investor friendly zone now even for overseas Pakistanis along with local investors. I know few of my friends overseas who bought 10-15 plots told me that they are loosing the value of their money where they live in terms of devaluation of Pakistan currency. They too wanted to sell few plots but no buyer at demanding price.

No one like to loose a penny even and that is the only reason properties got stuck. New entrants are afraid since prices are so high and property got left with no charms because of taxes and ROI seems delusional because of
Devaluation of currency and who knows how much devaluation is on the card because of free float exchange market. Govt has no call on dollars value.
It’s gonna be a hard ride for sure. Don’t want to scare people who have their vested interest in properties but Signs are ominous for those who can are foresighted
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Thursday, May 23, 2019 03:35 AM PST 
Prism possession

LRE gurus !!
When is possession of upper blocks APCDQ phase 9 expected? ?
Please share latest development
Regards

LRE Online Support Staff replied on Thursday, May 23, 2019 03:35 PM PST 

Dear Sir,
It will take minimum 3 years
For More Info Contact
M.Muneeb
+
Lahore Real Estate

HUSSAIN@1956® replied on Thursday, May 23, 2019 03:59 PM PST 

Could you please evaluate current B-726 Phase 9 prism.

saleeem replied on Thursday, May 23, 2019 06:49 PM PST 

seriously that is really depressing after 3 years it will still take 3 years
yaar wo surfer bhai kidr hain jo kehte the k 3 years mein possession b mil jae ga aur plots 300 lacs ke hn ge.......

LRE Online Support Staff replied on Friday, May 24, 2019 08:13 PM PST 

Dear Sir,
B-726 Phase 9 prism is around 115 to 118 Lacs
For More Info Contact
Salman Maqsood
+923224009967
Lahore Real Estate

Surfer® replied on Saturday, May 25, 2019 01:57 AM PST 

Dear Saleeem sb. & Others
Hope you are fine by the grace of ALLAH.
This was my reply to one of the previous posts as follows for you all few weeks back & still the same.
"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. (Still best time to enter PRISM due to above explained factors). 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."
Doc sb. Regarding possession feels like we are day by day shorten our journey for possession kindly check Google image for upper blocks & have more potential to get possession sooner.
"In shaa ALLAH"

Kh Qasim replied on Monday, May 27, 2019 06:37 PM PST 

@Saleem @USA Doc rest assured after 3 years you will hear this statement "It will take maximum 3 years" but prices will increase. Such a huge development is an easy task.
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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
Lahore Real Estate Youtube Channel
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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