Lahore Real Estate Forum

Monday, December 15, 2025 06:23 AM
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(625)
Monday, August 14, 2023 01:19 AM PST 

Yes, missing the property discussion on this page, that used to be so informative and interesting.
Come on freinds, lets start the free, unbiased and useful property discussion, again on this page, for the benfit of all, who are interested in property investment.
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(624)
Sunday, March 15, 2020 10:46 AM PST 
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(622)
Wednesday, June 26, 2019 04:40 PM PST 

US $ to reach 184 within one year , as agreed by government to IMF 🙁

Khan88 replied on Wednesday, June 26, 2019 04:57 PM PST 

Unfortunately it will be really bad for the poor people of the country.

The wealthy will hoard assets in gold/usd/foreign currencies.

free_man replied on Thursday, June 27, 2019 01:01 PM PST 

There is no agreement on rate but agreement is on free float exchange rate. This can go 485 and even beyond if the demand for imports keep going up. But there is economic theory of replacement comes in when meat get expensive people resort to pulses. If exchange will keep going up then people will come to a point where imported goods will be unaffordable and demand for import will decline, so will be demand for dollar. This balance point could be any body's guess. It can be 185, may be 200 or 250.

Ahsan Sattar replied on Thursday, June 27, 2019 01:58 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 overvalued currency)

Kashif79 replied on Thursday, June 27, 2019 11:38 PM PST 

IMF money has not arrived as yet. The situation may change when that occurs and when more lenders are willing to lend.
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(621)
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

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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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(620)
Tuesday, October 9, 2018 02:53 PM PST 
Forex currency

Dollar going wayyy up. Reached 138 +.
Hold tight it’s going to be a wild swing in property and stocks as well.

Blood bath is coming.

dxb replied on Tuesday, October 9, 2018 03:50 PM PST 

local buyers are pushed out of property market
international buyers wont invest

O M G replied on Tuesday, October 9, 2018 04:06 PM PST 

This policy is implemented to move out of radar of FATF.
Also to induce people in tax net.
International buyers have many other opportunities rather than buying property in Pakistan, since whenever country gets hit by inflation it effects the most sought after commodities. It’s a sell off market but unfortunately no buyer is interested in buying.

Khan88 replied on Tuesday, October 9, 2018 04:07 PM PST 

International buyers can invest internationally in other jurisdictions with much larger profits .. why should they invest in Pakistan?

Dollar will go up towards 145 eventually....

Habib replied on Tuesday, October 9, 2018 05:16 PM PST 

KSE fro 50,000 to 38,000 in spite of Qatar and China Injection
Dollar Run Amuck
Property market Flat
Future History of Pakistan will write
Please don't tell it is legacy effect, In 2013 PMLN took worst performing Economy and put every thing on track in 2014, at that time there was no legacy effect.

thinker replied on Tuesday, October 9, 2018 05:36 PM PST 

I think things are going to get much worse than at present. This is the start. Pakistan needs 26 billions dollars per year. even with IMF loan of 12 billion we remain in trouble. I dont know what the Government is planning

Thelma replied on Tuesday, October 9, 2018 06:24 PM PST 

So how did the things become so bad if PMLn had put everything on track ...this govt just came into power It was pmln before them ......stop fooling people .....their finance minister ran at the first sign of trouble ....he knew exactly how he had fudged figures and where the country was heading ... And get ready for reaping the mess pmln sowed..

Saeed replied on Tuesday, October 9, 2018 07:54 PM PST 

Personaly i think the prices will go up for real estate especially after injection of more money by government. Government policy is also a major factor for real estate. For example if there are two plots in a country and government has 10 rs injected. Per plot price will be 5. If they inject more money say 20 rs. Price of plot will increase and same goes for other commodities. Inflation will increase and so will be the commodities. Especially on small plots where we dont have any issue on filer/non-filer in different societies. USD-PKR rate in PKR is mostly a mentality where people get panic. Inflation is micro indicator. This government will try to bring back pkr. Property market is not flat. Country is heading where corrupt people will be afraid to do corruption and tax money robbers will be afraid. We as a nation have very less patience. Look around. Successful countries who prospered took decades. This government even with U turns are doing somethings which previous governments did not do for years after years.

SGA replied on Tuesday, October 9, 2018 08:31 PM PST 

Guys,
I Have Solid news that, Dollar will stay on Rs 135/- only. So be calm & Cool.

C. Akram replied on Tuesday, October 9, 2018 09:05 PM PST 

BLOOD BATH like seriously? Just creating panic and havoc is our national game. Pakistan is not in state of martial law that something like that is going to happen. Every country in the world faces difficult situations we have alot of potential so relax and stop watching Indian news channels.

O M G replied on Tuesday, October 9, 2018 10:05 PM PST 

That is what we always do sit back and relax.
No Sir. This time around we need desperate measures. Extracting easy money has become a norm of our nation. One should prosper productively. I am against the slogan of imran that point out black money and take 20% of it. NO , it should be pointed out as a national duty of every citizen. We should eradicate this corruption from within that without doing anything productive and creative we get money from all around.
We should get out of this 4 decades habits of commissioning

Qasim replied on Wednesday, October 10, 2018 06:59 PM PST 

Pakistan needs 26 billions dollars per year and even with IMF loan of 12 billion that too for 3 years will do little help in this regard. Eventually, we have to do more devaluation and eventually bring the imports from 60 billion dollar to 40 billion dollars. That means everything will go up. Hard times for next 3-4 years.
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Wednesday, February 21, 2018 12:53 AM PST 
future of paec society lahore

kia koi bta sakta ha ky paec society lahore ka kia future ha?

seemab replied on Wednesday, February 21, 2018 12:55 AM PST 

yar jin logo ky paec lahore me plots hn wo yaha ajaien or apny dil ki bhras nikalien

LRE Support Staff replied on Wednesday, February 21, 2018 03:16 PM PST 

Dear Sir,
Sorry Sir we can't Assist You In This Society
Regards,
Lahore Real Estate

seemab replied on Wednesday, February 21, 2018 05:25 PM PST 

janab is ki koi reason

LRE Support Staff replied on Wednesday, February 21, 2018 07:04 PM PST 

Because Sir we are not updated and Don't in this society
Regards,
Lahore Real Estate

seemab replied on Wednesday, February 21, 2018 07:30 PM PST 

ok sir thanx

seemab replied on Thursday, February 22, 2018 12:21 AM PST 

bht shukrya janab kch na btanay ka

Habib replied on Thursday, February 22, 2018 01:35 PM PST 

what I Understand that PAEC Lahore Society is Fully developed and Possession is available, But it is very thinly traded society and Prices are low. It is Right in front of Bahria On Multan Road and almost wholly owed by PAEC employees which are mostly in Islamabad Rawalpindi, If I am not wrong Transfers are also done only there.
There Has Been Societies with these issues and these remained stagnant for decades
AWT once was only transferred in Islamabad and till they Brought the transfer to Lahore the Society did not come to life.
Muhafiz Town is still facing this issue and in spite of Good Locations and development price is lesser than others.
Initial Slow Pace of DHA 9 Town 5 Merla Shuhda Town was also due to NOC form GHQ issue.
Just start transfers in Lahore at Society office and allow investors to hold open transfer for 3 Months the see How Price Flies

seemab replied on Thursday, February 22, 2018 05:53 PM PST 

habib sahb me ny 2 saal sy invest kiya hoa ha paec society me kia mjy wait krna chayee abhi ya yaha sy nikl jana chayeee

saeed replied on Thursday, March 15, 2018 01:26 AM PST 

habis sahb ye transfers kb start hn gee lahore sy hny koi idea ha
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Wednesday, January 10, 2018 08:50 PM PST 
Who Owns Land of DHA Plot

Dear All
I am asking an important question about the absolute ownership rights of the plots in DHA. Is Allotment of the plot has the same ownership rights as the Registry of the land. Can someone please provide more information about this important aspect of the land ownership of plots in DHA. Thanks.

MH replied on Thursday, January 11, 2018 03:14 AM PST 

A valid question as DHA is located in Cant area and Cant leases only.

CMY replied on Thursday, January 11, 2018 08:20 AM PST 

All properties are handed over to DHA Lahore witha legal registry and free of cost by land owners so absolute ownership will be person getting plots against their land given to DHA Lahore.

BUT still its DHA Lahore legal branch that can guide you more accurately. Please call them and update us with feed back.

Ch Mujahid Yasin ( CMY )
+ & + WhatsApp Preffered

Habib replied on Thursday, January 11, 2018 02:30 PM PST 

This question was asked 30-35 years back and understanding was 99 years lease, As Some residential plots were on Lease area but now DHA is working like a cooperative society and holders have freehold rights.
DHA is registered as Cooperative society act and this was on front page until 3 years back, Later it has been removed as it may create impression that Authority is something superior to cooperative society. However Pakistani Law does not permit any Housing "Authority". In all cases in Court DHA represents itself as Cooperative Society. The Most Famous case in this regard was In DHA 7 where planning division handed over Land to DHA in Lieu of Files. As per Law of Land acquisition by Cooperative society The Formula for swap of Agri Land vs Developed Plots is 1:3 with no development charges, As we all know DHA issues 1:4 Files with due development charges. The Case continued for years I don't know want was agreement Finally.

Saeed replied on Thursday, January 11, 2018 07:17 PM PST 

Thanks to CMY and Habib for giving further information. Though Habib has mentioned that plot holders have freehold rights, however no where on DHA website, this information is given. If anyone from DHA is reading this please confirm this assumption of freehold rights of plots.
On the other hand I suspect that most people who have bought plots in DHA (including myself) still not sure what they have bought, a leasehold plot or a freehold plot.
It is requested to DHA, please clarify this. People who buy plots in DHA by paying millions have a right to know a clear answer of this question. Thanks.

KSA888 replied on Friday, January 12, 2018 02:55 AM PST 

What a rubbish and foolish question? Did DHA mentioned anywhere that we have buying leasehold or freehold plot?
As CMY mentioned that DHA is buying land free of charge from land owner so there is no question of lease. Another point is that we have paid the development charges. Important thing is to remember the power of people.
Need of the hour is the unity if we are united then we will win else destroyed.
I have observed that we Pakistani have leg pulling and negativity in our blood let us change the society.

Saeed replied on Friday, January 12, 2018 04:09 AM PST 

KSA888 - This is neither a rubbish nor a foolish question, this is an important and valid question, which unfortunately has not been answered by DHA or any of the replies above. It will be better to know the exact and correct answer of this question now rather than in the distant future when one day DHA plot holders may suddenly start receiving notices to renew the lease of their plots by paying x millions or face huge fines.
Asking for a clear answer of this question is not going to impact on the unity of the nation, rather this will remove any doubts we may have.

Waseem replied on Sunday, January 14, 2018 02:55 AM PST 

@Saeed.

So what rights you get when you get registery ? What are the points you are confused with ?
Its funny that you think DHA lease land to owners, its not leased. As CMY mentioned, its bought from agri owners etc & then sold to public. DHA in any way cannot ask lease, cannot forcibly acquire or change ownership.

AliSheikh replied on Sunday, January 14, 2018 03:08 AM PST 

@saeed
People like Saeed Sb are common in our society who deliberately create confusions among people, either they are looser or want to get some benefit.
Best place to ask such questions is DHA management which is very clear about the general public ownership.

Saeed replied on Sunday, January 14, 2018 02:57 PM PST 

@Waseem & AliSheikh
Please be assured that I do not have any negative intentions. All I wanted was a clarification on the question of exact ownership rights of plots in DHA. This is because, on DHA letters which are given to plot buyers , ownership right is referred as Allotment. If you read the definition of an Allotment, it generally means, a piece of land given to someone on rent. So an Allotment is not the absolute ownership of the plot. So what exactly meant by DHA, when they say Allotment, this was my query. But it seems, most people (including myself) on this forum do not know the exact answer and some even started doubting my intention. I perhaps need to try DHA directly, though I doubt they will answer this question clearly. Anyway, I will not post any further reply on this topic, in order to close this discussion, as some people do not like to discuss difficult questions. God bless you, all the best.

Y2K replied on Wednesday, June 16, 2021 12:49 AM PST 

With a gap of about three and a half years, may I ask the same question?
Did anyone get a clear answer from DHA management about absolute ownership of plots sold in DHA today?

moiz replied on Monday, October 11, 2021 04:52 PM PST 

This is burning question and will arise in next century when our next generation will pay through nose bcoz we are getting lease and not ownership.DHA bahria and other societies after expiry of lease have right to kick out the laesees and their legal hiers.

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