Lahore Real Estate Forum

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(76276)
Tuesday, September 20, 2016 02:44 PM PST 
Price Evaluation

Dear Lre,

Kindly evaluate below Prism plots,

plot 16 -Q block, Kanal Prism. (3 Paid)
Plot 1719 - F block, kanal Prism (2 paid).

Thanks.

Lahore Real Estate replied on Tuesday, September 20, 2016 03:26 PM PST 

Dear Sir,

Prism near Q 16 is around 80 to 85 lacs ( 3 paid ).

Plot F 1719 is around 95 lacs ( 3 paid ).

Salman Maqsood
+923224009967
Lahore Real Estate
Email:INFO@LREPK.COM
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(76274)
Tuesday, September 20, 2016 12:29 PM PST 
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(76270)
Monday, September 19, 2016 07:45 PM PST 
IVY Green Development Status

Good Day,

Dar Experts.

Any body know the current development status of IVY Green Phase 8 aka Z block. Is really fast track development is going on!!!! any chance to build a house in 2 to 3 years ..... ?

Habib replied on Tuesday, September 20, 2016 02:00 PM PST 

In 3 ys you will get only possession good time to make home will be in 2020
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(76269)
Monday, September 19, 2016 06:23 PM PST 
Difference Between Demand and Deal Price

Dear LRE Team / Experts

Normally, how much margin exist between demand price and deal price?

If demand is 100 Lakh, can we assume deal can be locked around 90 Lakh?



Regards

AHMAD HASSAN® replied on Monday, September 19, 2016 06:54 PM PST 

Nowadays try from 85. Very soon success rate will be 90%.

Habib replied on Monday, September 19, 2016 07:15 PM PST 

It depends how realistic is demand, If you don't know the correct market worth then it can be tricky, If demand is 100, some one else may be asking 120, and other 90. So Judge the correct worth

monger replied on Monday, September 19, 2016 08:38 PM PST 

isnt it very generalized example?

100 lac where? What size of Plot? Is it plot or house? What is the history?

Bhai...kuch to batao

Muhammad Asif® replied on Monday, September 19, 2016 09:00 PM PST 

Depends on frequency of trade in that society. Thinly traded property can have big gaps/differences while hot properties will have little margin.
Same is true for the point in time of property cycle, start and mid of slump can result in bigger margins due to uncertainty and downwards trend.
Now decide yourself :-)

ShahzadQamar® replied on Monday, September 19, 2016 10:28 PM PST 

Normally negotiation margin is 3% - 5% on true value demand

Jameel Mughal® replied on Tuesday, September 20, 2016 02:28 AM PST 

No Fixed rules I give U examples
27 Vs 28, Direct deal where dealers were asking 32,33 for similar Property
36 Vs 34.6 Dealers were asking 37, 38 for similar property
70 vs 75, direct deal, 75 was almost dealers demands
33 vs 36, 36 was demand advertised in market by dealer.

Non serious demands are about 10 to 20% more. Dealers demands are usually 5 to 10% More they usually don't waste time of unrealistic demands unless price fixing is done with investor., The Correct worth can only be judged by finding a confirm property at lowest price with similar feature, for example I am finding a plot in J Block between 570 to 574 in 41 Lac then any price 43, 44, 45 for similar or weaker locations is non sense for me and that seller also @ 41 is not finding a buyer for 2,3 weeks , I guess at 40 he will sell, 39 may be... and 36,37 will be unrealistic low offer [It is real example of today]
But there are deals as high as 45 on similar location.

That is why dealers keep deal
prices top secret. Knowing the Correct worth is first step in buying.

Saima replied on Tuesday, September 20, 2016 09:37 AM PST 

Sellers are stubborn it's hard to negotiate

poloxygen replied on Tuesday, September 20, 2016 10:54 PM PST 

it all depends upon how realistic demand is

NT replied on Wednesday, September 21, 2016 05:09 AM PST 

IMHO
In 'seller market' gap normally remain very low 0-5%
In 'buyer market' gap generally increase to 10-15% against suitable demand
In Balance market gap remains 5-10%

Now a days it's buyer market
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(76268)
Monday, September 19, 2016 05:06 PM PST 
LRE Inventory 19 September 2016

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

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(76267)
Monday, September 19, 2016 05:04 PM PST 
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(76266)
Monday, September 19, 2016 04:01 PM PST 
DHA Phase 9 Prism

I have done small work for myself to catch prism plot. Hope it also will help you.

Habib replied on Monday, September 19, 2016 04:11 PM PST 

so you mean after July every month
Prices are decreasing 5 lac

Good analysis

Pakistan® replied on Monday, September 19, 2016 04:12 PM PST 

Thanks

Hafiz replied on Monday, September 19, 2016 04:20 PM PST 

Now where are supports of Prism, its sinking day by day. I dont know when it will start upward move

Adnan_Ali® replied on Monday, September 19, 2016 04:28 PM PST 

Habib sb, Can you please highlight in which block ,
prices fallen to 13 lakhs (5 lakh per month) ?

Can you please help me to understand how did you calculate 5 lakh per month decrease ?

MD® replied on Monday, September 19, 2016 04:42 PM PST 

The current reduction is in all phases which means good time to invest... U will see.the rise in overall market in few months and ppl will repent on not availing curent slow market situation... All seasoned investor will currently look for good bargain for 8 to 12 month period investment..

CMY replied on Monday, September 19, 2016 04:50 PM PST 

Thanks for time and effort. Easy to see changes for all friends.

AhmetKildir® replied on Monday, September 19, 2016 07:54 PM PST 

Thanks for the efforts bro.

Jehanzeb Ahmad replied on Monday, September 19, 2016 09:02 PM PST 

Great work

User_6006® replied on Monday, September 19, 2016 09:51 PM PST 

Minor dip is normal , nothing wrong in it follow cmy assesment that the day ring road get into shape price increase will start and matter of month it will equal to phase 8
prices , the decrease and increase also what cmy said day after ballot in 2015 cmy said price will be between 30 to 45 , though it take more than what cmy gave time frame and in 2016 cmy said dip will come due to tax and cyclic and its coming true , so cmy predictions right +- 3month difference , if I hav money enough to buy kanal in prism I wont give it second thought , those who still have phase 8 or 7 even 6 plots for investment must move to prism , but only difference is few years back files were as low as kanal no one trusted and now its out of range because return now will be huge as project now moved into its mid phase

User_6006® replied on Monday, September 19, 2016 09:58 PM PST 

My one reply got error , it was good , but as all mujahid sb predictions going right though few month late , its true price will drop furthur almost 4 lac more less on smaller plots .

tahir lutfi replied on Monday, September 19, 2016 10:56 PM PST 

now all properties have shown downward trend, so why prisim has exception ????

HassanHC® replied on Tuesday, September 20, 2016 02:43 AM PST 

Habib Saab Block E F H K L M hardly 5 lac difference. So in 3 months from June 30 only 5 lac fluctuations. Start from June 30th.
Surprised to see resilience of sellers. It means in 3 months Minor dip if any.
CMY prediction is unfolding well that RING ROAD bordering blocks will recover or sustain and increase first and sooner. Good analysis ring road blocks are getting support from on going work.

Jameel Mughal® replied on Tuesday, September 20, 2016 04:31 AM PST 

All
prices are not mature till at least 50% Volume of trading starts, Currently the volume of trade is only 10% and that too only houses and phase 7 such a low activity was not seen in last 10 years history.
I am surprised how DHA office will sustain such a low trading volume.
DHA office staffing cant get paid unless there are about 100 to 150 Transfers every day. Sooner or later development Funds may be used in paying salaries, Or they will have to lay off the staff.
I heard CMY last month audio he is right many estate agencies will close if this situation continued even one year.

m.d replied on Tuesday, September 20, 2016 05:20 AM PST 

now its time that dha should leave their lethargic way of development and show active spirit to fastly develop prisim, ivy etc

Nabeel® replied on Tuesday, September 20, 2016 05:42 PM PST 

Good to see
prices are going up in many blocks , with no buyers or sellers or transactions in the market.
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(76265)
Monday, September 19, 2016 02:38 PM PST 
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(76264)
Monday, September 19, 2016 01:04 PM PST 
Join LRE WhatsApp Group For Real Fun. Only one of many exchanges :)

Prism DHA Lahore Phase 9 Block Wise Most Latest Prices Update September 2016.
(All prices are with 3 installment paid for civil development charges)

A Block
1 Kanal 90 to 130 Lacs

B Block
1 Kanal 78 to 112 Lacs

C Block
1 Kanal 75 to 130 Lacs
10 Marla 67 to 78 Lacs

D Block
1 Kanal 75 to 130 Lacs

E Block
1 Kanal 72 to 120 Lacs

F Block
1 Kanal 80 to 120 Lacs
10 Marla 65 to 75 Lacs

G Block
1 Kanal 82 to 120 Lacs

H Block
1 Kanal 73 to 120 Lacs

J Block
10 Marla 58 to 65 Lacs
5 Marla 32 to 42 Lacs

K Block
1 Kanal 75 to 110 Lacs
10 Marla 58 to 65 Lacs
5 Marla 32 to 40 Lacs

L Block
1 Kanal 72 to 115 Lacs
10 Marla 55 to 68 Lacs
5 Marla 33 to 37 Lacs

M Block
1 Kanal 78 to 120 Lacs

N Block
1 Kanal 75 to 118 Lacs

P Block
1 Kanal 78 to 130 Lacs

Q Block
1 Kanal 80 to 130 Lacs

R Block
1 Kanal 78 to 98 Lacs
10 Marla 62 to 75 Lacs
5 Marla 32 to 43 Lacs


DHA phase 9 Commercial Prices Update

Prism Civic Zone 1
8 Marla : 625 to 825 Lacs
4 Marla : 350 to 415 Lacs

Civic Zone 2
8 Marla : 525-650 Lacs
4 Marla : 340-375 Lacs

Civic Zone 3
8 Marla : 475-650 Lacs
4 Marla : 250 to 325 Lacs


Oval Complex
Inner loop 4 Marla : Lacs
Outer loop 4 Marla : 375-395 Lacs


Choudry Mujahid Yasin (CMY)
Lahore Real Estate
+ WhatsApp preferred ( Available for you 14 hours a day via SMS or on free services WhatsApp LINE SOMA. Still can send regular SMS & call or use WhataApp Viber on my 2nd USA cell phone at +)



[10:39 PM, 9/18/2016] DW +92 321 .....: These Prism prices seem like a bubble for an area which may take upto a decade to be a functioning reality... Unless of course if dealers have picked it as their next punter hub




[10:55 PM, 9/18/2016] + CMY: Dealers buy sell properties for clients. Dealers deal in what is in demand by clients. Most people were saying 5 years ago DHA6 will not get populated for min 20 years. Today hard to find a plot there for desperate people wanna build a house there. *5 years ago people like you at price of 14 lacs of DHA9 were saying DHA9 will not see ballot or development for two decades. Today average price here in Prism is 1 crore and its getting developed faster than any other real estate project in entire Pakistan. Show me a single project getting developerd at this large scale and this fast speed*. I have shared video pictures google maps for those who are willing to hear and see and able to accept reality. If one dont wanna buy Prism it its ok but please think 25000 holders buyers sellers are not bholey bhaley ill informed people these are millionaires that are well informed mostly highly educated professionals that understand location importance and great potential of Prnism very well. This is reason you dont see any panic selling in market for Prism.



[11:16 PM, 9/18/2016] DW +92 321 .......: Thanks for a very logical answer.
I'm in touch with Your office. I have two plots at wonderful locations in phase 7, U and T blocks and have been holding those for almost three years. The growth rate is very slow, though steady in phase 7 despite of the fact that it is fully developed to reside.
What do you suggest should be my next investment after selling these plots or shall I continue with the same ones ??
I have decided in my mind that I would go by your advice. Nobody can guarantee results except Allah SWT but all your analysis are based upon excellent logic and observation. I look forward to hearing from you dear Chaudhry Sahib.Regards



[11:42 PM, 9/18/2016] + CMY: First I must salute you for your greatness. Even though my words may be a little strong but needed to make my point. Please for next 24 hours carefully examine why W block of DHA8 undeveloped is at Rs 3 crore and DHA 7 most blocks even with 2 years after possession are selling half (Mostly less than 150 lacs even for best plots) of DHA8 W price. I wish you had seen my posts before DHA9 ballot and immediately after DHAA9 ballot that its still not late for DHA6 7 8 holders to switch to DHA9 Prism because ots location is as superior as DHA8. I begged people to sell DHA8 to get 3 plots in DHA9 and DHA 7 to sell to buy almost 2 plots in Prism. If one have no plans to construct and only plan to hold for strongest returns please sell you DHA6 7 8 and move money to Prism asap taking advantage of this down market. Sooner you do less net cost out of pocket more gains with same safety and security of holding investments still DHA Lahore a military run organizations. . When day of ballot at price of 52 lacs I said DHA 9 will be soon priced equal to DHA7 and in future 3 to 5 is a lot more than every one gave me very hard time and laughed at me. Look today price of most Prism plots is above DHA7 and its very hard for DHA7 holders to digest this fact. I had explained reasons in very great details please read my post on Lahore Real Estate discussion page for them. Now I strongly believe within next 3 to 4 years DHA8 and DHA 9 Prism prices will be same. One can even sell now and have a free plot of one kanal and in simple words can possibly have twice the gains if he kept holding DHA6 7 or 8. Please sell the DHA 7 . You can still buy a good location in Prism with same amount but trust me this chance wont last too long. The moment Lahore Ring Road is visible on ground DHA 9 will be at top for ever. DHA 9 Prism have 60 plus parks,, DHA 9 Prism have 3 access points to Lahore Ring road. DHA 9 have widest / longest boulevards touching block after block. Have Golf course and largest commercial area of good 8 marla practical business commercial plots. Go for it. Like you already said only Allah no the rest. We can only try to make our future better for our kids with our hard earned money invested in only one safe available option to invest in Pakistan.


Please note direct WhatsApp messages to only +

Choudry Mujahid Yasin ( CMY )

Observer replied on Monday, September 19, 2016 01:42 PM PST 

Great words from Great Man CMY

Surfer® replied on Monday, September 19, 2016 03:07 PM PST 

CMY sb. No one here wants to listen the REALITY.
The real Jewel can only be JUDGED by a JEWELLER.

Kureshi® replied on Monday, September 19, 2016 03:59 PM PST 

Dear CMY , you have been advising the same since ages and like Nostradamus , most of your predictions are true. I must say , you have a big heart and share this business secrets for free.


I myself want to sell my holdings in Phase 8 and switch to prism but the The only problem is that new tax system has made switching very difficult.

S replied on Tuesday, September 15, 2020 04:57 PM PST 

Cell no

Dr. Faisal Bukhari replied on Tuesday, September 15, 2020 05:06 PM PST 

Cell no:
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(76262)
Monday, September 19, 2016 06:52 AM PST 
Plot Price

Hope you are well.

Can you please help me to figure out my plot price. I am thinking about selling it. What is your advise if I want to construct my home in next 2 years, should I keep or buy a new plot.

DHA Phase 8 Z Block IVY

Z1-395

10 Marla

Lahore Real Estate replied on Monday, September 19, 2016 01:52 PM PST 

Dear Mr Waqas,

Market price of your plot near Z1 395 is around 64 lacs ( 3 paid ).



Khadim hussain
+
Lahore Real Estate
Email:INFO@LREPK.COM
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(76261)
Sunday, September 18, 2016 11:44 PM PST 
Plot prices

Salam everyone,

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

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

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

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

Only sellers & buyers denied & declined rest is same.

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

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

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

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

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


GOOD LUCK TO BOTH LAY MAN AND HUGE INVESTMENT PEOPLE.

.

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

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

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

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

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

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

'
prices will be same "" IA""'

Desperation check karain... =)

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

Prices are stabilizing but still settling so wait till Muharram end. Buy in solid projects and long term will be rewarding inshallah.
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(76259)
Sunday, September 18, 2016 09:03 PM PST 
Evaluation

Dear LRE Team,

Kindly evaluate my 1-Kanal plot no. 752, R Block, DHA Phase 7, Lahore.

Thanks

Lahore Real Estate replied on Monday, September 19, 2016 02:20 PM PST 

Dear Mr Humza,

Phase 7 near R 752 is around 190 lacs.




Khadim hussain
+
Lahore Real Estate
Email:INFO@LREPK.COM
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(76258)
Sunday, September 18, 2016 08:01 PM PST 
Prism 9 development

Dear all,

Any news of contract award for prism 9 development other than main roads? thx
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(76257)
Sunday, September 18, 2016 06:54 PM PST 
Evaluation

Dear LRE

please evaluate my 5 Marla plot no 447 J block DHA Rahber 2.

Regards

Waseem

Lahore Real Estate replied on Monday, September 19, 2016 02:29 PM PST 

Dear Sir,

Plot near J 447 worth is around 36 lacs.



Jawad Ahmad
+
Lahore Real Estate
Email:INFO@LREPK
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