Lahore Real Estate Forum

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(76178)
Thursday, September 8, 2016 04:55 PM PST 
Dha Rahbar Extension

Dear Team
Please evaluate plot # 232 of Block M, DHA Rahbar Extension. Further should i sale it now or hold till possession

Regards
Yasser

Lahore Real Estate replied on Thursday, September 8, 2016 05:26 PM PST 

Dear Sir,

Your plot near M 232 is around 50 lacs.

Yes, hold till possession.




Jawad Ahmad
+
Lahore Real Estate
Email:INFO@LREPK
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(76177)
Thursday, September 8, 2016 04:22 PM PST 
DHA Lahore Prism 9 Plots For Sale

DHA Lahore Prism 9 Plots For Sale

DHA Lahore Prism 9 Near Plot No. 120 Block A At 117 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 955 Block B At 115 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 41 Block B At 113 Lacs(1 Kanal), Attractive Deal.
DHA Lahore Prism 9 Near Plot No. 816 Block C At 88 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 933 Block C At 99 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 170 Block C At 118 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 944 Block D At 105 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 808 Block E At 115 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 80 Block F At 115 Lacs(1 Kanal), Attractive Price Near Main Boulevard
DHA Lahore Prism 9 Near Plot No. 1186 Block F At 105 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 130 Block G At 126 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 530 Block G At 125 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 104 Block H At 116 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 09 Block K At 105 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 255 Block M At 112 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 943 Block N At 105 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 267 Block P At 120 Lacs(1 Kanal)
DHA Lahore Prism 9 Near Plot No. 80 Block F At 115 Lacs(1 Kanal)

DHA Lahore Prism 9 Near Plot No. 1686 Block C At 76 Lacs(10 Marla)
DHA Lahore Prism 9 Near Plot No. 3155 Block J At 75 Lacs(10 Marla)

DHA Lahore Prism 9 Near Plot No. 2042 Block R At 45 Lacs(05 Marla)
DHA Lahore Prism 9 Near Plot No. 344 Block R At 45 Lacs(05 Marla)
DHA Lahore Prism 9 Near Plot No. 1664 Block J At 42 Lacs(05 Marla),Corner
DHA Lahore Prism 9 Near Plot No. 3132 Block K At 33 Lacs(05 Marla)
DHA Lahore Prism 9 Near Plot No. 1896 Block R At 39 Lacs(05 Marla)

For DHA Lahore Prism 9 Map:
http://www.lahorepakistan.net/maps/DHA-Lahore-Phase-9-Map-Prism-9.html

For Best Buying And Selling In Prism 9 Please Contact:

Mian Fawad Ahmad
Lahore Real Estate
Cell: +923024489001
e-Mail: INFO@LREPK.Com
>
(76175)
Thursday, September 8, 2016 02:12 PM PST 
Bahria Orchard 1 Kanal Brand new House For Sale

Bahria Orchard Raiwind Raod Lahore 1 Kanal Brand New House For Sale.

Its very good deal ready to move in Asking Price is 19.5 Million Rs

Pay 11 Million Rs at the time of transfer Balance in 2 years installments.

For more info Plz Call Or Email.

0300/322-4009766
masaeed786@gmail.com





:forsale: :forsale: :forsale:

sulie replied on Thursday, September 8, 2016 06:53 PM PST 

May I know what is original price at launch. I am interested in this property. Regards

SIM replied on Thursday, September 8, 2016 07:08 PM PST 

Is is ready for possession?
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(76173)
Thursday, September 8, 2016 12:01 PM PST 

Dear LRE Team and other distinguished members,

I need some information regarding to construction of my house as follows :

1) I want to construct house on 1 Kanal in DHA 6.
2) The idea is to construct a basement, ground floor and upper floor. Both ground and upper floors to be independent portions with at least three bedrooms each. The upper portion to be rented out and the basement and ground floor for personal use.
3) What should be the expected cost per foot for a finished house of such dimensions.
4) Any other issues that need to be looked into.

Thanks.

Hashim® replied on Thursday, September 8, 2016 02:42 PM PST 

I am Civil Engineer, planning for my One Kanal House in DHA 6. but not going for basement. If you would go for Good Construction it would be near abt Rs 2500/sft. If excellent construction it would be at Rs 3000/sft. Basement cost will be 1.5 times higher than GF & FF.
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(76172)
Thursday, September 8, 2016 08:14 AM PST 
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(76170)
Thursday, September 8, 2016 04:20 AM PST 
Simulation to estimate rational prices of Prism plots

Dear All
 
Like many of you (followers of this discussion forum), I am a real estate investor and prospective buyer waiting for prices to come down to rational levels before making my intended investment(s). As part of the preparatory work and capitalizing on my limited financial and investment analysis skills, I did a simple simulation to try to estimate “target return based” fair prices for canal plots in Prism today.
 
The methodology adopted for this simulation is that after a certain number of years (holding period), prism will develop into a mature phase (say like DHA Phase-5 today) and upon reaching such maturity, prices of plots in Prism will be comparable to current prices in Phase-5 adjusted for inflation during the holding period. By assuming certain average inflation rate per year and current estimated prices in Phase-5, we can project the potential prism prices at the end of the holding period. By discounting the value of the plot at the end of the holding period at the target rate of return per year, we can estimate what is maximum price we should pay for the plot today in order to achieve the target rate of return. The development charges yet to be paid are also taken into consideration as additional cost for buyer in this analysis along with transaction costs (agent fees, taxes etc.).
 
For the sake of this simulation, canal plots in prism are divided into five categories which are (i) best locations, (ii) great locations, (iii) good locations, (iv) average locations and (v) poor locations.
 
The analysis is done based on US dollar values as inflation rate is more predictable.
 
Following are the key assumptions for the analysis:
-          Current plot prices in Phase-5 for above categories are (i) Best at US$ 355 thousand, (ii) great at US$ 315 thousand, (iii) good at US$ 280 thousand, (iv) average at US$ 240 thousand and (v) poor at  US$ 200 thousand

-          Annual growth (inflation) of above mature prices is assumed at 2.5%

-          Target rate of return is assumed at 10% per year

-          Holding period is assumed at 15 years (estimated time for Prism to reach the maturity level in which Phase-5 is today)

Based on the above assumptions, the maximum prices (including transaction charges) which may be rational to pay today for the five categories of plots in Prism to achieve the target return are estimated as (i) best at US$ 110 thousand, (ii) great at US$ 95 thousand, (iii) good at US$ 85 thousand, (iv) average at US$ 70 thousand and (v) poor at US$ 56 thousand.
I thought of sharing the above analysis with other readers of this forum with the hope that it may help other potential buyers like me to make a bit more informed and rational decision based on some degree of analysis
 

alpha replied on Thursday, September 8, 2016 01:33 PM PST 

Good - but you need to account for behavioral biases of influencers - CMY's blue-eyed child treatment of P9 and step-child treatment of P7

MD® replied on Thursday, September 8, 2016 01:47 PM PST 

Price wise it will mature earlier than 15 years may be within 5 to 7 years max as happened in the case of Phase 8 ... so as an investor it should be your holding period max. After that
prices will increase gradually and you will have better option to available in market.
15 years may be to become as populated as phase 5 today.

KS® replied on Thursday, September 8, 2016 02:34 PM PST 

@KSA Banker very rational analysis based on good assumptions; however Pakistan property market is weired, its not based on fundamentals and greatly manipulated by investors/insiders/dealers.
As an example On pure financial grounds commercial properties price does not make any sense when compared with rental yield.
@ Alpha -agree with you one can see all sort of emotional and behavioral biases affecting the market.

Khawaja Qasim® replied on Thursday, September 8, 2016 02:43 PM PST 

@KSA Banker, excellent analysis! You nailed it!

Usama Javed® replied on Thursday, September 8, 2016 03:16 PM PST 

Anybody please if wants to sell his best
location plots in prism at 110 as recommended by banker sahib may contact i can buy at 110 right away. But my defination of best location is plots like facing Gc on 150 feet, facing Tp, corners at wide roads facing parks etc

Usama Javed® replied on Thursday, September 8, 2016 03:17 PM PST 

looking for 2 to 3 plots.

MY replied on Thursday, September 8, 2016 06:46 PM PST 

Well done

Nabeel® replied on Thursday, September 8, 2016 08:16 PM PST 

Banker Sb, I think the assumption of rational buying does not come into play, otherwise people would not buy plots next to airport or where the whole area is surrounded by carpet factories, leather tanneries,animal research centre, Roohi Nala, that pollute the groundwater or right next to big highways etc :-)

As some of our respected gurus pointed out, DHA particularly does not follow rational trends as many well-to-do overseas friends (looking for hassle free investment ) and domestic black money gets parked in DHA.

Like one property dealer told me "DHA mein mitti sona hai". That is the reality and science fails here.

@anticipation replied on Thursday, September 8, 2016 09:20 PM PST 

In simple wording, prism good
location plot bought today will be 8-9 crore pkr after a decade!

Junglee replied on Saturday, September 10, 2016 02:28 PM PST 

Hahahaha... Greed is curse. Sab Ko mamoo bana Gaye dar Sahab and investors.

Koi maanay Na maanay investor bhaag Gaya hai ab 4-5 saal baad hoga jo hona hai and buying will be after elections not before.
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(76169)
Thursday, September 8, 2016 04:04 AM PST 

What is the value of 20 lacs of 2007 vs now 2016 in property terms please reply
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(76168)
Thursday, September 8, 2016 01:21 AM PST 
Eden Gardens Update?

Salam

I know LRE dont deal with Eden Housing Projects but if any property gurru who may have any information or update about Eden Gardens project at ferozpur road?

Thank you

S.Hameed® replied on Thursday, September 8, 2016 02:28 PM PST 

Stay away from any project of Eden Group. They are thugs.
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(76166)
Wednesday, September 7, 2016 07:46 PM PST 
Low Budget Pomising areas

There are many good B and C Class areas which worth investment. As every one cant be accommodated in handful of A Class Societies in Lahore, But I tell you fact that A Class societies are leaders in price race. Gains in B and C Class are Demands just In Comparison, Like When Valencia was 40 IEP was 20 when Valencia was 60 IEP was 30 only in 2015 equation Changed. Type B and C Class Societies are not good to make home due to reason that construction cost is same in A or C Class hence after getting a cheaper plot you are confused many years should I spend Money in Making home. Same is true with bad Locations any where. B and C class Societies are very Tough to sell and there is Monopoly of few dealers.
However These Low Cost Societies are good for Those who have less budget in Hand and due to limited Budget they Make Home in Steps sometimes these steps are 5 to 10 years apart,

There are Many options all are not Fool proof and Qabza free,
One Can Consider these Options
IEP
Muhafiz Town 2
Fazaia 2,
Chinar Bagh
Canal Gardens
Inmol
Audit and Account 2
Formaintes Possession area only
State Life Possession only
Banker Town Possession Only

As recently Prices and moved up and now setting So I will Update Prices later

LOYAL PAKISTANI replied on Thursday, September 8, 2016 12:13 AM PST 

Nice. Crux is excellent.

Jameel Mughal® replied on Thursday, September 8, 2016 01:17 AM PST 

But Fact is B and C Class areas suit 90% population and have tremandous gains in Long rnn, You have liberty to make House Like 1st story Grey , then finish and 2nd story after 10 years no completion certifacte needed, Losely regulated but not qaza free , Just to share an interesting fact
My best investment in A Class area gave me 4X return in 7 years.
My father's investment in C Class area Gave him 5,000X return in 55 years, Not on prime
location, in a narrow street. No Maintenance fees etc, 10 merla plot Bought in 1200 in Lahore now worth 60 Lac.
People with Low Budget should Continue Buying where ever they can.

LOYAL PAKISTANI replied on Thursday, September 8, 2016 02:26 AM PST 

Fair enough.

Ahmed Naeem replied on Thursday, September 8, 2016 07:55 PM PST 

China's real sector is ready to invest in Pak (especially LHR). With completion of Metro, up gradation of Allama Iqbal (Lahore Airport) 07 planes to 30 planes birthing... Is there any doubt that the
Lahore Real estate will not shine in comming years. Forget A, B, C societies. Just evaluate area's and try to book land.
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(76165)
Wednesday, September 7, 2016 07:37 PM PST 
Plots For Sale By Lahore Real Estate 07 Sep 2016






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(76162)
Wednesday, September 7, 2016 04:04 PM PST 
Dha Phase 6 2 Marla Sector H Commercial Plot For Sale

Dha Phase 6 2 Marla Sector H Commercial Plot For Sale
Pay 10 Million Rs At The Time oF Transfer And Balance in 9 Months Installments.

For More Info Plz Call or Email.

0300/322-4009766
masaeed786@gmail.com

:forsale: :forsale:

Junaid replied on Wednesday, September 7, 2016 05:14 PM PST 

How much balance amount in 9 month Installment?

Adil Saeed replied on Thursday, September 8, 2016 01:59 PM PST 

Dear Junaid SB,

Balance amount is 9 Million Rs.

after 3 months installment 3 Million Rs.
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(76159)
Wednesday, September 7, 2016 05:00 AM PST 
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