Lahore Real Estate Forum

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(76136)
Monday, September 5, 2016 08:22 PM PST 
Property Prices

Hello Experts,

These days the value of the property is really how because of the new taxes and prices are same even after 30 days.

Is this a good time to buy property or one should wait a couple of months and wait? I suspect, the prices would further reduce with time and I can delay my purchase. Thanks


Ali
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(76135)
Monday, September 5, 2016 08:04 PM PST 
Further Cooling Down in Prism

Further Cooling is being seen in Prism especially smaller Plot Now prime Location have Gone down about 20% Peak Level.
Looks Like the predications about prism fall will be true, Average Plot rose from 70 Lac soon after ballot to about 105 Lac Near June within 10 months 50% Gain. My Anticipation is it will go to 87 Lac Till Jan 17,
Now we are seeing that Plots are eating their Installments i.e. In spite of 3 Payments prices are not reflecting increase rather down

Ahsan® replied on Monday, September 5, 2016 08:19 PM PST 

It always happen in slow market with non developed projects. The prism will take its time to come on track again.In my opinion,the market will remain stagnant for next six months at least and
prices may come down further 10%. This phenomenon is not new and it happens in a cyclic pattern.

HassanHC® replied on Tuesday, September 6, 2016 01:00 AM PST 

It's a cycle but have patience as it will be slow for some months but fundamentals are very strong. Next few months will be good for long term investors to catch deals which were not possible in hot days.

Jameel Mughal® replied on Tuesday, September 6, 2016 04:34 AM PST 

Still we have to see the clear indications of reversal of
prices in prism. As at this time volume of transaction is very low, two possibilities are there either it will come further down to match buyers expectation or Volume will remain low for some more time, Both situations are bad for prism and as most of plots still have 9 to 10 Installments of development charges,
Exactly same history of phase 7 is being repeated factors are different this time. In 2009 in spite of good progress in development DHA phase 6,7 Touched Bottom.

Nabeel® replied on Tuesday, September 6, 2016 01:54 PM PST 

For short to medium-term things don't look too good for Prism. Still 15 lakh development charges to be paid. I think people shot themselves in the foot by needlessly encouraging the crazy hype and hurt Prism more than if price appreciation would have been slower.

Super-heating market never benefits anyone except suave investors who exit before the fall.

AhmetKildir® replied on Tuesday, September 6, 2016 02:06 PM PST 

Habib bhai kaunsay plot may 20% reduction huwi hai? I am interested in buying if it's a half decent plot of any size.

Qudoos replied on Tuesday, September 6, 2016 03:07 PM PST 

@Ahmet. For any buying, you will have to sell your prism plot first, for which there is no buyer at the moment. So calm down.

User_PK9549® replied on Tuesday, September 6, 2016 05:40 PM PST 

I am a buyer and I'm waiting for
prices to come down. I haven't found a plot with 20% off. I can't even make a deal with 10% off.

Ahsan® replied on Tuesday, September 6, 2016 05:47 PM PST 

Prism is a great option but it takes long time.It will gain once the LRR will complete and Prism development will take some shape in next 2 years (After 2018 elections). The possession will take at least 5 years from this stage. I recently been to Lahore and visited this area, based upon my observation it is a huge project and it is next to impossible to complete it within next three years regardless of what DHA say. There are very less buyers in market and investors are not keen to buy unless they get a solid bargain in the range of 90-95 lacs for above average plot with three paid.

waiting replied on Tuesday, September 6, 2016 07:39 PM PST 

Best time to buy prism will be in 2019 after installments finished inshAllah.

MD® replied on Tuesday, September 6, 2016 08:07 PM PST 

20% means plot of J block upper cutting avg
location in 45 pre value should be available in 36Lac.. If there is anyone willing to sell his plot in 36Lac in J blk upper cutting.. kindly contact me through LRE

prism replied on Tuesday, September 6, 2016 08:33 PM PST 

@Waiting, keep waiting

Khurram® replied on Tuesday, September 6, 2016 08:59 PM PST 

I also plan to buy plot in prism and holding my funds to get something after the
prices are down significantly. Let's see when can I get one :)

Mian® replied on Tuesday, September 6, 2016 10:14 PM PST 

@ MD selling my J 125 block upper plot through LRE. Kindly
contact MR. ASIM or MR. Jawad of LRE to contact me.
Thank you.

MD® replied on Wednesday, September 7, 2016 03:02 AM PST 

@Mian .that plot is facing graveyard..i am interested in avg
location away from boundary n graveyard

Mian® replied on Wednesday, September 7, 2016 03:26 AM PST 

@ MD It's not facing graveyard but near to it. It's facing huge road on the front. I think you have not noticed that it is very near to interchange of LRR towards ferozpur road. Anyhow keep trying to find good ones.
Good luck

AhmetKildir® replied on Wednesday, September 14, 2016 07:47 PM PST 

Koi jawab nahi mila.

Kaunsay plot may 20% reduction huwi hai?
>
(76133)
Monday, September 5, 2016 05:21 PM PST 
52000

Check image Hussain Sb.
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(76131)
Monday, September 5, 2016 05:02 PM PST 
Evaluation

Dear Khadim Hussain,
Kindly evaluate Q 738 Phase 7 on 70 feet road.Is some house are underconstruction in this block and need your advise to build a house on this plot.
Many Thanks.

Lahore Real Estate replied on Monday, September 5, 2016 05:28 PM PST 

Dear Hussain Sb,

Your plot near Q 738 (near village) worth is around 130 to 135 lacs.

Your Plot is near the village no house is under construction, just one house is under construction in lower portion that too is near commercial my advise is no built a house here, if you could wait to 18 months Ivy Green would be a good option for house possession would be handed within this period.

Flex01® replied on Monday, September 5, 2016 05:28 PM PST 

@ Hashim.. I am impressed by your reply with picture and map image.

I cant comment if i agree with your recommendation or not , as i am not an expert in this, but great feed back!

Uber replied on Monday, September 5, 2016 05:43 PM PST 

Hussain sb, if your intentions are to build a house and live in it within the next 2 years (starting now), I would say go for it because you won't get a good price for your plot and you will not be able to find a possession plot in this price anywhere else in DHA. In a few years, your house will be faced by other houses on the opposite side of the road and the village will become meaningless. If you take out the village part (which over years, houses in front of you will eliminate), your plot is on a good
location.

Ahmed replied on Monday, September 5, 2016 06:56 PM PST 

Dear All: I am an overseas Pakistani and own a 10 marla plot in Y block, phase 7 (possession area). I also intend to start construction of my house and want to know is there any construction activity started there. Would appreciate if people who recently visited phase 7 (block Y) can comment. Thanks.

Flex01® replied on Monday, September 5, 2016 07:07 PM PST 

Dear All:

I had visited phase 7 in Jun 2016. There were 5 houses around where grey structure is more than 50% complete. don't know the blocks. The point is that if u wanna have house for living, go for phase 7 , as within 2 -3 years, the area will be livable.

Ahmed replied on Monday, September 5, 2016 07:25 PM PST 

Flex01. Thanks.
Anyone who can tell exactly about construction activity in block Y, phase 7.

Akmal replied on Monday, September 5, 2016 07:49 PM PST 

Two houses under construction in Phase-7 Y-Block.

abcd replied on Monday, September 5, 2016 08:12 PM PST 

AM ALSO GOING TO START MY HOUSE IN 1 KANAL SOON INSHAA'A ALLAH IN JANUARY OR FEBRUARY 2017.

ABCD replied on Monday, September 5, 2016 08:13 PM PST 

Sorry in Y Sector.

ABCD replied on Monday, September 5, 2016 08:15 PM PST 

Also have any idea about 10 marlas in Sector U Possession when the Possession is Expected. Please answer anybody its too delayed.

Ahmed replied on Monday, September 5, 2016 08:47 PM PST 

@ Akmal sb: thanks for the information. Do you have any idea where exactly (if you remember).

humayun replied on Monday, September 5, 2016 09:25 PM PST 

Aoa. I am planning to construct 244 q phase 7 one kanal house next month inshaAllah.

Akmal replied on Monday, September 5, 2016 09:43 PM PST 

One house is near 1283 and second house I am not sure but I think it was near 717.

house replied on Monday, September 5, 2016 11:44 PM PST 

What about house construction activity in z2?
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(76128)
Monday, September 5, 2016 12:43 PM PST 
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(76125)
Monday, September 5, 2016 01:06 AM PST 
DHA 9 Prism D-886 ?

Salam LRE,

YO are saying Ph-9(prism) D-sector ranging from 78lac to 120lac. Can you please give me the estimate selling price of phase-9 D-886 ?

Thanks!

Lahore Real Estate replied on Monday, September 5, 2016 02:03 PM PST 

Dear Mr Nadeem,

The value of your plot near D 886 isa round 77 to 78 lacs ( 3 paid ).




Salman Maqsood
+923224009967
Lahore Real Estate
Email:INFO@LREPK.COM
>
(76124)
Monday, September 5, 2016 12:12 AM PST 
Price evaluation

Dear LRE Team,
Can u please evaluate price for following 02 plots.

I do not need to sell but actual value is required for division of inheritence.

AWT Phase 2 plot near C92
DHA Phase 7 plot near V117

Regards.

Lahore Real Estate replied on Monday, September 5, 2016 01:55 PM PST 

Dear Sir,

Evaluation near V 117 is around 110 lacs.




Khadim hussain
+
Lahore Real Estate
Email:INFO@LREPK.COM
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(76121)
Sunday, September 4, 2016 04:07 PM PST 
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(76120)
Sunday, September 4, 2016 04:05 PM PST 
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(76118)
Sunday, September 4, 2016 12:48 PM PST 
Plots for sale by Lahore Real Estate

Plots for sale by Lahore Real Estate
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(76117)
Sunday, September 4, 2016 10:51 AM PST 
Lahore Ring Road in going development work

Lahore Ring Road in going development work

Ali replied on Sunday, September 4, 2016 02:49 PM PST 

I want know about lrr
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