Lahore Real Estate Forum

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(76382)
Tuesday, September 27, 2016 07:09 PM PST 

Dear LRE Team/ Mian Waqas
Please kindly upload new Map for Sui Gas 2.

Thanks :pkf
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(76381)
Tuesday, September 27, 2016 05:59 PM PST 
State Life Phase 2 Lahore Plot For Sale

State Life Phase 2 Lahore Near Plot No CC 516 @ 29 Lacs
State Life Phase 2 Lahore Near Plot No EE 789 @ 18.75 Lacs
State Life Phase 2 Lahore Near Plot No EE 764 @ 19 Lacs
State Life Phase 2 Lahore Near Plot No FF 484 @ 14.75 Lacs
State Life Phase 2 Lahore Near Plot No FF 764 @ 13.65 Lacs
State Life Phase 2 Lahore Near Plot No FF 480 @ 14.75 Lacs

http://www.lahorepakistan.net/State-Life-Lahore-Phase-2-Map.htm

For Best Buying And Selling In State Lafe Contact:

Ch Saeed Rafique
Lahore Real Estate
Cell: +923224333661
e-Mail: INFO@LREPK.Com
:forsale: :forsale: :forsale:

Asif Sardar ® replied on Tuesday, September 27, 2016 06:15 PM PST 

What is the size of these plots?
I remember few months ago it was not advised to purchase in Statelife.
Please advise the current status, if it is advised now? What is the development status?

ZA replied on Tuesday, September 27, 2016 08:06 PM PST 

Kindly advise its near future selling prospects
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(76380)
Tuesday, September 27, 2016 05:56 PM PST 
LRE Inventory 27 September 2016

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(76377)
Tuesday, September 27, 2016 01:38 PM PST 
DHA RAHBAR FILES RATES

Dated

4 Marla Commercial FIle @207 Lacs (Allocation)
5 Marla Residential File @ 30.50 Lacs (Allocation)
5 Marla Residential File @ 30.75 Lacs (Affidavit)
Confirm Files Available

*NOTE*
*Khana Fly Over Completed
*Defence Road newly Carpeted with Light Polls
*Ring Road started near Rahbar
*Alternate Rout to Raiwind is completed Via Rahbar
ideal Location in reasonable price


Mian Rashid
03028409967
Lahore Real Estate
info@lrepk.com :forsale:

azam khan replied on Tuesday, September 27, 2016 03:09 PM PST 

what is the expected date of balloting DHA rahbar 2 extn
files?

Noman Ahmed replied on Tuesday, September 27, 2016 03:34 PM PST 

December 2016

azam khan replied on Tuesday, September 27, 2016 04:13 PM PST 

noman is it a cnfrm report coz i hve heard tht they are ready for balloting but in the month of march or april

3353 replied on Tuesday, September 27, 2016 04:20 PM PST 

Rate List shows price of 4 Marla Commercial @ 198 lacs....still highly inflated...I believe today's worth of this file not more than 150 lacs

ZA replied on Tuesday, September 27, 2016 05:33 PM PST 

Dear Mian Rashid Sb,

I m new to this site. I need to understand the difference of Allocation/Affidavit as well as 3paid, 4paid.

Kindly favor

MAhmad® replied on Tuesday, September 27, 2016 07:30 PM PST 

Dear Adil Saeed and Mian Rashid ,
Will you please talk to each other and tell us which rate is correct

DHA Rahbar Phase 2 Ext (4-Marla), 198 Lacs 27/09/2016 Adil Saeed +923224009766

while you are saying rate is 207...

Jameel Mughal® replied on Wednesday, September 28, 2016 05:33 AM PST 

Za
Affidavit File after Land record confirmation>>> Converts to Allocation File >>>[After Ballot] Converted to on map plot, 12 Installments of development charges due>>> After Full payment and development Converts >>> Possession plot open for Construction
Installments are completed in 3 years and usually possession in given in 6,7 years.

3 paid Means Plot on map Balloted and Owner have also paid 3 Installments and 9 are due
Usually development charges are 9 Lac for 5 M , 13 Lac for 10 merla and 19.5 for Kanal in DHA areas,
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(76376)
Tuesday, September 27, 2016 06:30 AM PST 

Lahore: Development work for widening and expansion of Barki Road started on September 23, 2016, states a news report.

According to details, the project will cost PKR 80 million, funds for which were allocated by Lahore Development Authority back in July this year. The project was inaugurated by Member National Assembly Pakistan Sohail Shaukat Butt.

Source: zameen.com
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(76373)
Tuesday, September 27, 2016 01:17 AM PST 

CHANGES TO REAL ESTATE TAX LAWS: GOOD MOTIVE BUT TERRIBLE PLANNING

Government making a mistake by painting the entire real estate industry as a villain. Must take measures to prevent irrevocable loss to Pakistan’s economy.

KARACHI (23rd September, 2016) - Representatives of Pakistan Real Estate Industry Forum (PREIF) held a meeting to discuss the current state of turmoil created after the recent amendments to the Income Tax Ordinance 2001.

The attendees made some key observations about the real estate industry of Pakistan and the poor government planning that is evident from the manner the recent finance bill and subsequent ordinance was promulgated.

Members of the forum also proposed practical steps to move towards improving the situation.

FACTS:
=======

1. Real estate sector has over 50 associated industries which are impacted due the uncertainty created by the recent finance bill. Most noticeably, this includes industries such as Cement, Steel, Wires & Cable, and others which employ a massive workforce across Pakistan. It is feared that this recent bill will eventually lead to a massive number of jobs lost impacting common man in Pakistan.

2. According to a careful estimate, over 7 billion dollars’ worth of investment was being made every year by overseas Pakistanis in the real estate sector prior to this confidence shattering-measure by the government. This trend has seen a sharp decline after the bill causing a loss of billions of dollars to Pakistan.

3. While the stated objective of the infamous finance bill was to collect additional tax revenues, the exact opposite has happened causing loss to federal and provincial exchequers.

4. The recent finance ordinance has shattered the confidence of the real estate sector in a manner similar to the 1998 Nawaz Sharif government action when foreign currency accounts were frozen. It takes decades to rebuild confidence.

OPPORTUNITY
============
1. The undocumented economy of Pakistan is painted as a scary villain by the government whereas it remains a fact that this economy exists due to government’s own failures, over the past several decades, to provide a clear roadmap and policy to transition this valuable sector of economy into the mainstream. This includes a significant number of small businesses and cottage industry. Trying to make this change overnight might lead to panic and a deep economic depression. It is also important to note that this segment of economy has also played its part in providing resilience to the overall economy of Pakistan in times of worldwide economic crisis like that in 2008. The government should leverage this powerful segment and bring this into mainstream gradually.

2. In the recently changing global geopolitical situation, overseas Pakistanis feel increasingly insecure and have a strong desire to make safe investments of their hard-earned money back in their homeland. In the absence of a business-friendly environment and infrastructure in Pakistan, real estate sector has provided a safe option to them for several decades. After the recent and sudden changes to the tax rules, Pakistan is quickly losing this opportunity to attract massive amounts of foreign remittances which have been finding their way to other avenues like UAE.

3. With Pakistan joining OECD, there’s opportunity to attract billions of dollars’ worth of investment by opening up real estate as a viable and attractive option. This can have far-reaching positive impact on Pakistan’s economy. It is far better compared to leaving those dollars in overseas banks.

SOLUTION
==========
To bring the real estate sector back on track, and to restore the confidence of overseas and resident Pakistanis, the government should announce steps similar to those announced for the stock exchange back in 2012 when capital gain tax (CGT) was introduced for the first time. Prior to the year 2012, there was money made by investors during the previous 36 years but they had not declared it because there were not required to do so under the prevailing law before 2012. So if the investors put that money back in the stock exchange, FBR was instructed not to ask the investors about the source of that income. This step had revived the market and also helped government with tax collection and provided a channel to gradually document 36 years’ worth of undocumented stock exchange economy. The benefits for Pakistan is evident in the form of a much more vibrant and powerful stock exchange today. The real estate industry of Pakistan is in a very similar position and requires similar steps.

The attendees showed grave concerns about the current state of the industry and decided to meet regularly to pursue the matter with relevant government officials as well as highlighting it in print and electronic media.

Ahmad786® replied on Wednesday, September 28, 2016 12:21 PM PST 

This is the way to bring price down and buy at cheap rates. Many politicians will benefit and soon laws will be changed and market will be booming again. This is know as technical corruption.
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(76372)
Tuesday, September 27, 2016 12:32 AM PST 

Dear Experts,
Please guide me In current market
what is the price of 1 canal prime location (A1) catagery plot
3 paid in DHA phase 9 prism.
Regards

Surfer® replied on Tuesday, September 27, 2016 03:30 AM PST 

@ Dear Junaid
The current price of 1 canal Excellent plot is 130+ in A block in PRISM. But I think LRE
team gives you better idea according to your need to buy.
"In shaa ALLAH" gives you good returns in near Future.

Thank you replied on Tuesday, September 27, 2016 07:25 PM PST 

Thank you surfer
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(76371)
Monday, September 26, 2016 10:37 PM PST 

Dear LRE Team/ Mian Waqas
Please kindly upload new Map for Sui Gas 2.

Thanks
>
(76370)
Monday, September 26, 2016 10:15 PM PST 

Is it a good idea to buy corolla and rent it out for monthly rent?

Is it better business than renting a house out?

If yes, how much profits estimated?

Which companies to give car to? Are they reliable?

Navid replied on Monday, September 26, 2016 10:29 PM PST 

Start Uber business....hire a driver for it.

Quite Lucrative!!!!

Navid replied on Monday, September 26, 2016 11:00 PM PST 

Go for two 660 cc Japanese cars .....spending 18-20 lac. Estimated return will be 1 lac per month per car !

Navid replied on Monday, September 26, 2016 11:07 PM PST 

A car, on average, remains in operation for 10 hours a day....
In each hour, let's say there are two rides each @350 rupees. It means, 350x2x10=7000 rupees....
Out of 7000 rupees, 4000 are the expenses(uber share, driver, fuel, maintenace), it means 3000 per day is the profit.

Haroon_16® replied on Monday, September 26, 2016 11:20 PM PST 

Thanks so much Navid bhai. So I need to give car to Uber. Can you please tell me how do I
contact Uber and ask them to take my car? Do they hire their own drivers or do I provide Uber with driver and car both?

Khurram® replied on Monday, September 26, 2016 11:32 PM PST 

Navid, these calculation seem confusing to me. If there were two rides, it means we did the business of 700 rupees only for that day. From where did this 7000 come in? Does it will mean uber will pay you from their pocked since the car was available for 10 hours of the day ? If so, does not make sense. Can you please explain?

Haroon_16® replied on Tuesday, September 27, 2016 12:00 AM PST 

Kharrum, he said 2 rides per hour, not day. Read his comment again.

AHMAD HASSAN® replied on Tuesday, September 27, 2016 12:01 AM PST 

Buy Mercedes only & rent out for weddings. Easy to manage & low risk as well.

Khurram® replied on Tuesday, September 27, 2016 12:20 AM PST 

Got it though 2 rides every hour and each costing Rs. 350 seems difficult but this makes the calculation correct.

Salman.A® replied on Tuesday, September 27, 2016 12:24 AM PST 

UBER or CAREEM are not lucrative business models for full time earnings. UBER is useful when you own your own car and want to share your monthly car expense. If someone goes to office in the morning , he can pick a ride and when he comes back he can pick a ride again. This way his monthly expenses of petrol etc will be covered. This is what uber is for.

UBER is not the main business at all in fact it is one of the worst. I will not go into details i will just give break down the profit calculation posted by mr Navid. I am assuming 2 rides per hour, even though it is highly impossible that you pick and drop 2 rides in one hour in LAHORE. but lets assume same constant as mr navid.

7000 per day Gross Earnings
1750(25%) UBER SHARE ----- = 5250

Rs. 350 Ride means 20 KM approx. i will assume minimum 6.5 Rs. per km petrol expense. For 40 km in 1 hour means 40*6.5=260 * 10 = 2600 Petrol Expense for whole day with 400KM Rides.

= 2650 Rs. Left

Drivers PAY 20000/Month which will translate into Rs. 770 per day ( driver will work for 26 days with sundays off ) and do not expect to get a literate driver for any less.

= 1880

Now with car travelling for 400KM everyday it requires 3 oil changes at 3000KM each. Each oil change cost approx 1800*3=Rs.5400/Month. which is Rs. 208 per day

= 1672

Now we come to maintenance . Tuning will be required at least monthly + car service + car wash + polish + etc etc and i will roughly calculate that to be Rs.7200/month or 277/Day

1672-277=1395

Now lets come to TIRES , average 50,000 KM for tires , which will take 5 months to change Tires cost about 25000 to change. So we will have cost of 5000/month or approx 200/Day

1395-200 = 1195

Now Last but not the least the car is depreciating and car with high milage will depreciate more
Depreciation is taken at 10% per annum ( which means 8333/Month depreciation or 320/DAY

1195-320 = Rs.875 Per day profit

I have done my best to be as low as possible or cost. I am sure the cost will be much higher for example car accident ? car stolen ? major accident ? total damage ? now if you want insurance then it will cost 3% per annum of the total cost of the car.


I will not get into insurance and calculate 875 as daily profits. Which turns out to be approx. 22500/MONTH.

its not that lucrative. and in real life when the car is on the road it will be far far less. Especially when you will goto the market to sell the car, all your profits will be washed out in depreciation.

In the End UBER is good for sharing your car expense not to run your kitchen. Unless you yourself drive the car then money can be made for monthly house expenses.


I have tried my best to explain in little more details about the expenses of driving a car on the road. Rest all of you are smarter than me. Make your own decision

( If there are any calculation mistakes please forgive me , this is not an exam it is just to show a real picture )

Haroon_16® replied on Tuesday, September 27, 2016 12:48 AM PST 

Ahmed sir, I am not that rich. Not even close. Salman bhai thanks so much for the effort you put in. Right or not, I appreciate your effort and also your points make sense. So taking Uber or Careem out of the equation, do you think I should give a car to any multinational company or those who run rent a car business? Any advice in that please? And if you have more options, please do share those as well regarding renting my car out business. Thanks.

Waseem® replied on Tuesday, September 27, 2016 01:44 AM PST 

Looks like property business had a real bad hit after all. We are discussing auto business on real estate website. SMH

Pakistan® replied on Tuesday, September 27, 2016 02:50 AM PST 

just watch tonight Kamran Khan program on Dunya news abt property business

it has collapsed

Navid replied on Tuesday, September 27, 2016 03:33 AM PST 

@ Salman A: I'm sorry....ONE BIG MISTAKE IN CALCULATION:

UBER CHARGES 350 FOR A DISTANCE OF approximately 13-14 Km (not for 20km) as follows:

base fare:150, per km charges: 6.84, per minute charges: 3.15

So if a ride of 13 km takes 25 minutes in Lahore, the charges would be calculated as: 150+ 6.84*13+ 3.15*25 = 350

Moreover, many a times, the surge of 1.2-2.0 is applied to the fares, making 350*1.5=500.

NOW DO YOUR CALCULATIONS.

BTW, EVEN AUTO RICKSHAW CHARGES 300 rupees for covering a distance of 10-12 km in Lahore, then how you are supposing that UBER will charge 350 for a distance of 20km????

Navid replied on Tuesday, September 27, 2016 04:08 AM PST 

I am assuming 2 rides per hour, each of 12km distance which is QUITE POSSIBLE( rikshaw charges 300 for a distance of 12km and UBER is a much better alternative and won't remain free at all).

7000 per day Gross Earnings
1400(20%) UBER SHARE ----- = 5600 : RIGHT NOW UBER SHARE IN PAKISTAN IS 20% not 25%.

Rs 350 ride means 12 km approx. So assume 6.5 Rs. per km petrol expense, for 25 km in 1 hour means 25*6.5=162*10-1600 petrol expense for whole day with 250 km rides.

= 4000 left

Drivers PAY 20000/Month which will translate into Rs. 770 per day
= 3230 left

Now with car travelling for 250KM everyday it requires 2 oil changes at KM each. Each oil change cost approx 1800*2=Rs.3600/Month. which is Rs. 105 per day

= 3125

Now we come to maintenance . Tuning will be required at least monthly + car service + car wash + polish + etc etc and i will roughly calculate that to be Rs.4000/month or 125/Day

3125-125=3000

Now lets come to TIRES , average 50,000 KM for tires , which will take 8 months to change Tires cost about 20000 to change. So we will have cost of 2500/month or approx 100/Day: This will be covered by ONE SURGE FARE PER DAY ON AVERAGE !!!


INSURANCE, DEPRECIATION etc: 15% of total i.e 500 Rs. per day
3000-500 = Rs.2500 Per day profit.
SO PROFIT PER MONTH= 2500*30=75000! THE SURGE FARES ARE EVEN HIGHER IN UBER, GIVING ONE THE OPPORTUNITY TO EARN MORE IN PEAK HOURS.

OK, even after considering the ground realities, let's say one earns 50k instead of 75k, it becomes a win win situation by investment of 1 million rupees car !

So by investing two cars of worth 2 million, one can earn at least at least 1 lac rupees per month by UBER according to my calculations!


(Thanks Salman A for providing the detailed scenario to be discussed...)

AHMAD HASSAN® replied on Tuesday, September 27, 2016 06:00 AM PST 

2005 E series will cost you 2.5m & 2016 corolla 2m. Difference is less but profit is high. Don't own risks. جس کا کام اسی کو ساجھے

Aarif replied on Tuesday, September 27, 2016 01:23 PM PST 

There is often shortage of cars (both on careem and uber). Careem is not even able to cover 20% of lahore with its current supply of cars.

Whereas in Uber (because of cars shortage), customers often pay on surge pricing (means paying 1.5-2 times of regular pricing).

So following can be concluded from above..

- There is great demand of this uber, careem alike services in lahore market. Where as the supply is very low. Because of that
prices (and yield) is higher as compared to regular pricing.

+3163 replied on Tuesday, September 27, 2016 07:56 PM PST 

Can anyone guide me whom to
contact for wedding services or hotel services. I need to rent my car to earn some extra bucks.

User_19767® replied on Tuesday, September 27, 2016 07:56 PM PST 

Can anyone guide me whom to
contact for wedding services or hotel services. I need to rent my car to earn some extra bucks.
>
(76367)
Monday, September 26, 2016 07:21 PM PST 
Sui Gas Phase 2 Lahore One Kanal Plot For Sale

Sui Gas Phase 2 Lahore One Kanal Plot For Sale

Sui Gas Phase 2 Lahore Near Plot No. A-58 At 68 Lacs
Sui Gas Phase 2 Lahore Near Plot No. A-154 At 60 Lacs
Sui Gas Phase 2 Lahore Near Plot No. B-205 At 65 Lacs
Sui Gas Phase 2 Lahore Near Plot No. E-620 At 66 Lacs
Sui Gas Phase 2 Lahore Near Plot No. F-244 At 60 Lacs
Sui Gas Phase 2 Lahore Near Plot No. G-114 At 63 Lacs
Sui Gas Phase 2 Lahore Near Plot No. G-441 At 62 Lacs

Sui Gas Phase 2 Map:
http://www.lahorepakistan.net/Sui-Gas-Lahore-Phase-2-Map.htm

For More Detail In Sui Gas Phase 2 Please Contact:

Mian Waqas
Lahore Real Estate
(Viber,Whatsapp,Imo)
INFO@LREPK.COM

:forsale: :forsale: :forsale:

Tag: sui gas phase 2,sui gas phase 2 map,sui gas phase 2 location map,sui gas phase 2 plots,sui gas phase 2 prices,

Sohail replied on Monday, September 26, 2016 08:01 PM PST 

Dear Mian Waqas
Please kindly upload new Map for Sui Gas 2.

Thanks

Lahore 56® replied on Monday, September 26, 2016 09:40 PM PST 

Is there any new map?

Awais replied on Tuesday, September 27, 2016 01:39 AM PST 

Dear lre
Pls evaluate following sui gas kanal plots

Pair 133c and 133d

Essa replied on Tuesday, September 27, 2016 01:39 AM PST 

Dear lre
Pls evaluate following sui gas kanal plots

Pair 133c and 133d
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(76366)
Monday, September 26, 2016 07:04 PM PST 
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(76365)
Monday, September 26, 2016 05:57 PM PST 
LRE Inventory 26 September 2016

Click On Image To Enlarge
Click On Image to make it larger

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(76364)
Monday, September 26, 2016 03:00 PM PST 
31461

Dear Jawad bhai / LRE Team.

Can you please evaluate the price of M-202 Dha Rahbar phase 2 extension.

kind regards,

Lahore Real Estate replied on Monday, September 26, 2016 06:07 PM PST 

Dear Zeeshan Sb,

Market price of your plot near M 202 is around 48 lacs.



Mian Rashid
+923028409967
LAHORE REAL ESTATE
EMAIL:INFO@LREPK.COM
>
(76363)
Monday, September 26, 2016 01:14 PM PST 
Property valuation

Dear LRE Team,

Please evaluate the following plot in Sui Gas 2:

113-B (1 kanal)

Thanks

Lahore Real Estate replied on Monday, September 26, 2016 02:17 PM PST 

Dear Sir,

Plot near B 113 is around 56 to 57 lacs.



Mian Waqas
+
Lahore Real Estate
Email:INFO@LREPK.COM
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