Lahore Real Estate Forum

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(76061)
Wednesday, August 31, 2016 02:43 AM PST 
Dha Multan Allocation file

Dear CMY/ LRE Friends,

Dha Multan rates are going down as per LRE Updates. Is it a good time to buy Dha Multan allocation file? or buy 5 marla in prism?

Thank you

User_19995® replied on Wednesday, August 31, 2016 03:36 AM PST 

the major diff is 5 marla and 1 kanal

as the max limit for 5M is 6 million and that too when it reaches dev
you can analysis ur self too

But 1 kanal has always potential to go well beyond 10 million.

DHA multan is long term investment from here on i would say min of 5 years considering the current market situation.

Zulfi@ replied on Wednesday, August 31, 2016 07:31 AM PST 

I see
DHA Multan after 2.5 years stagnant at the same 4 million+dc whereas prism 5 marla will be at 7 million!

Lahore 56® replied on Wednesday, August 31, 2016 07:40 AM PST 

I think the winner will be the one who develops first. If
DHA multan does its development earlier than prism, it will be the eventual winner. However, at the moment, DHA Multan is quite far away as it is not yet launched, no balloting, no start of development....

User_19995® replied on Wednesday, August 31, 2016 12:59 PM PST 

All of you have very valid and solid points regarding
DHA multan it will be a long term project.

Actually what i have understood about DHA is they are acquiring land and announcing projects in multi cities at the same time so that they have sufficient land and then they will be developing slowly over the period of time. As if they delay or not acquiring then the other developer might take good location and the cost will too increase over the period of time

Arif M® replied on Wednesday, August 31, 2016 02:14 PM PST 

CMY has mentioned on numerous occasions that both are good and LONG TERM. If I were you I would not go for any of them as both are seeing some correction. However after correction, I ll choose
DHA Multan 1 Kanal over DHA Lahore 5 marla. DHA Lahore 5 marla will not be 150+ even in 5-7 years no matter how fast they develop. On other hand DHA Multan can easily be 150 in 6-7 years if Multan management delivers well.

In short. both are good. both are long term. (4-7 years). choice yours.

Habib replied on Wednesday, August 31, 2016 02:18 PM PST 

DHA Multan is Good for those who want to Make Home there or want to Hold till People Make Home there, ie Approx 5,7 years
Short term charm is gone or uncertain

Ejaz_EJ® replied on Wednesday, August 31, 2016 02:57 PM PST 

People are cursing
DHA Multan now a days in the same way when they were pointing Prism before ballot, and after ballot everything changed over the night, same will happen with DHA Multan as well,

its a matter of just launching and balloting.

Prism 5 Marla cant reap the profits as Multan Kanal file can reap at maturity,

Thanks

Lahore Real Estate replied on Wednesday, August 31, 2016 05:02 PM PST 

Dear Sir,

Prism 5 Marla is the best option for investment purpose, in future it will serve you very well.


Lahore Real Estate
EMAIL:INFO@LREPK.COM

User_19995® replied on Wednesday, August 31, 2016 06:14 PM PST 

@surfer sum it all in a very good way

i think this is perfect analysis.

@ Ejaz Ej

Well it is very difficult to predict like if
DHA multan would have launched it now then it would have been diff game.

@ Lone ranger

I tell you you take prism 5M, in 2-3 years it can reaches 6 million say that too is very hard. Coz see the prices of 5M where is reaching above 6 million and where it is they are way too populated.

But 1 kanal DHA multan reaches 9 million in 5-6 years so compare both ur self.

And 9 million is very less i know comparing it with adjacent societies where 1 kanal is reaching 15 million

Lastly you have to trust Allah also the money what is your fate you will get it.

anticipation@ replied on Wednesday, August 31, 2016 06:20 PM PST 

It is best time to exit from Multan at 4 million, if u cannot keep it for 5+ years! The
prices will dip further or remain stagnant in next 2-3 years for DHA Multan. Now real status of development will matter a lot. Even prism is passing through a tough phase of stagnation where fast track development is in progress, ring road, orange line and other linking roads are on cards....
Multan is far far behind from prism!!!! it will take more than 3 years for DHA multan to reach the present status of Prism,,,,decide urself!

anticipation@ replied on Wednesday, August 31, 2016 06:26 PM PST 

Comparison with
prices in adjacent societies matter when there is some development going on.
DHA 10 @66 lac is good price because prices in adjacent societies such as Wapda town lahore or DHA Phase 6/8 are 250+???? One has to see the development status of a project before comparison!

Adnan_Ali® replied on Wednesday, August 31, 2016 07:30 PM PST 

100% agree with Surfer.
Currently buy Prism 5 Marla in any block at good rate (avoid bad
location near boundary/graveyard/village etc), i believe you can get around 35-40 cost of land and keep until 1 to 1.5 years (Target Price: 55-60) so you can get at least 20 lakh profit (50%) and i expect that DHA Multan will be almost same at that time if not launched i.e 40-45 lakh, and at that time you can either move to DHA 10 or DHA Multan depending on situation.

Its just my opinion which could be wrong because only Allah knows what will happen in future.

Anti anticipation replied on Wednesday, August 31, 2016 09:05 PM PST 

@anticipation, by putting @ this sign in front of your name you will not be considered as registered. koi sharam hoti hai koi haya hoti hai

User_12115® replied on Thursday, September 1, 2016 04:24 AM PST 

totally agree with surfer - pace of development will play a lot.
Prism 5 M has less room to appreciate, but it has an edge of being under development. while
DHA Multan needs a launch immediately.

AT Present - IF both were a delivered plots - 5 M would be around 45-50 but DHA MULTAN would be 10+ mn
for Prism, it may take 2-3 years but for DHA MULTAN it will be 4-5 years game

so it all depends on DHA working schedule. For short term investment Prism may win - but for a medium term investment, DHA MULTAN would win
>
(76060)
Wednesday, August 31, 2016 01:21 AM PST 

http://www.arabnews.com/node/977431/saudi-arabia

Situation is not that bad which some people trying to show.pakistan is full of potential specially real estate sector. Stand as one Nation
>
(76059)
Wednesday, August 31, 2016 01:15 AM PST 

whats happening in state life phase 2
>
(76058)
Wednesday, August 31, 2016 01:13 AM PST 
TAX effect

http://www.emirates247.com/news/pakistanis-homing-in-on-dubai-properties-with-surge-in-investment-



Is it due to tax???

Pakistan® replied on Wednesday, August 31, 2016 02:27 PM PST 

offcourse its due to tax and extra hurdles for overseas Pakistanis
>
(76057)
Tuesday, August 30, 2016 09:39 PM PST 
Remittance from KSA

Today Arab news.
Foreign remittance drop 35 percent from ksa.
Near future it will be 50 percent.

Observer replied on Wednesday, August 31, 2016 01:13 AM PST 

http://www.arabnews.com/node/977431/saudi-arabia

User_19767® replied on Wednesday, August 31, 2016 01:15 AM PST 

Just for topping

http://www.emirates247.com/news/pakistanis-homing-in-on-dubai-properties-with-surge-in-investment-

Gulf replied on Wednesday, August 31, 2016 01:41 AM PST 

@Observer: True, its not mentioned in the article thats this drop is related to Pakistan (and that was not stated by the original poster either). I think the actual drop of remittance from KSA to PAK will be more than 35%.

AHMAD HASSAN® replied on Wednesday, August 31, 2016 02:22 AM PST 

Dear Observer, KSA is a major source of Pakistan's remittance. Country-wise KSA was on top with $5.63b in & 5.96 in . I agreed with Gulf that drop for Pakistan will be more than 35%. This is global crises that ultimately going to hit Pakistan as well as Asian countries. Not only job cuts but also big economies deffered large no of projects. Yes, it didn't stop in Lahore because GOVT only target next election(قرض چڑھاو اور ملک سنواروں). Sooner or later GOVT will realize ادھر کنواں اُدھر کھائی.

Arif M® replied on Wednesday, August 31, 2016 02:17 PM PST 

situation in KSA is far worse than these news tell. those who have friends and relatives working there know how bad it is. Nawaz sharif and Rahil sharif who recently met Defence minister of KSA should have raise concerns for pakistani workers. But they did NOT.

AHMAD HASSAN is on spot with his analysis.

HudaFier replied on Wednesday, August 31, 2016 04:17 PM PST 

I Work in KSA & i agree to Arif M above .. situation is very volatile (will not use the Term Worst and we are hoping it doesn't become worst) and the remittances are dropped for almost all south Asian nationalities as mostly it is the Construction sector which has hit hard and Big 2 Companies Saudi Ojer and Saudi Bin Laden have laid off alot of Employees (Mostly Labour) and Many more are unable to Pay monthly salaries ...

May be in Dubai the investor would be interested to Park the Money rather than sending Pakistan but in other GCC countries the decline is purely due to economic issue and has hit every country with low level Skilled / Unskilled Labour Force !
>
(76056)
Tuesday, August 30, 2016 08:08 PM PST 
Hosue

Dear LRE members,

I am an overseas Pakistan and thinking of buying a house in Lahore in a gaited society. My budget is around 2 crore. I am considering the following societies to buy a house

1) Defence Raya
2) EME society
3) Bahria Town Sector B or C
4) State life Phase 1 (although not gaited but could get 15 marla in my budget)

Can you please advise in which society I should buy a house (10 marla or bigger). Can you also advise on any other society which I have not considered.

Lahore Real Estate replied on Tuesday, August 30, 2016 08:20 PM PST 

Dear Mr Farooq,

Bahia Town is a good option for residential purpose in your budget.


Lahore Real Estate
Email:INFO@LREPK

Farooq replied on Tuesday, August 30, 2016 08:36 PM PST 

Thanks for the response. How do you compare Defence Raya with Bahria town. The houses are available in Defence Raya in my budget as well.

Flex01® replied on Tuesday, August 30, 2016 08:46 PM PST 

Defence Raya construction quality is very poor

Ashfaq® replied on Tuesday, August 30, 2016 09:24 PM PST 

DHA EME is best compared to Bahria due to its
location. No load-shedding in EME now.

Farooq replied on Tuesday, August 30, 2016 09:30 PM PST 

Ashfaq, What will be the cost of 10-15 marla house built between 5-10 year ago

Ashfaq® replied on Tuesday, August 30, 2016 09:51 PM PST 

I do not know exactly but I think minimum for 10 marla is Rs 2.25 crores as a plot with good
location is around Rs 1.75 crores.

qayyum replied on Tuesday, August 30, 2016 10:19 PM PST 

eme does not hav underground wiring

Farooq replied on Wednesday, August 31, 2016 12:06 AM PST 

Flex01, You mentioned that construction quality is poor in Raya. I am a civil Engineer and have been involved in the design and construction of houses and plazas. Can you or anybody provide some details regarding construction quality in Raya.

User_12115® replied on Wednesday, August 31, 2016 04:34 AM PST 

construction quality of phase 1 in raya was very poor, but for phase 2 (10 marla houses and some 2/1 kanal houses) - the construction quality is better than Askari - although i would not rate it as grade A+ quality.
their structure is well built, but doors and leveling of plastered wall is of low quality. I've seen askari and behria houses where plaster starts falling due to higher sand ratio. Raya is way better than that.

MS replied on Wednesday, August 31, 2016 11:49 AM PST 

It is wise if you buy a Qanal land in State life in one Krore and spend the rest on construction.
Location wise State life is as good as D H A in less than half its cost otherwise If you prefer to commute one hour everyday back and forth then go for B Town.

MS replied on Wednesday, August 31, 2016 11:51 AM PST 

Dealers will always suggest you whatever gives them more return rather than what actually is beneficial for you, in the end they will still say Choice is yours.

MS replied on Wednesday, August 31, 2016 11:52 AM PST 

Gurus will always suggest you whatever gives them more return rather than what actually is beneficial for you, in the end they will still say Choice is yours.

Flex01® replied on Wednesday, August 31, 2016 01:13 PM PST 

Farooq I dont know the kitty gritty of exact nature of poor construction of Defence Raya, but that is what every one says about it.

State lifer 1 is not a gated community. If u wana consider south side, then Bahria may be a good option, especially if ur family has lived outside Pakistan for a long time.
>
(76055)
Tuesday, August 30, 2016 06:54 PM PST 

I have already requested for this information, pls advise.
can anyone pks let me know construction rates in Dha Lhr, is there any 15% service charges or less, this is % of labour or % of total cost, if yes then what are responsibilities of that contractor as this seems v high rate and if contractor visited site only for 5 time in3 months then is it possible to still claim that high rate

Habib replied on Wednesday, August 31, 2016 01:52 PM PST 

@ Nom Pls elaborate your question Looks you are being trapped by some "DHA approved architect" There are no 15% service Charges.

None of these things are heard to me at least
To Make Home there are simple steps, you need to
Contact Town Planning dept,
Take Possession
Get Plan approved By some registered Architect, there in Innumerable approved architects, and you need to find, barging with them. and Fix terms and conditions, The role of Architects are variable, It start for making plan, which should be @ nominal fees, and only required.
You may goto any level there is no limit and they will be charging extra Like Making Model, Getting help in Approval, Doing Connection work, Supervising Construction, Managing material some time managing all construction to Turn Key level getting Completion certificate.
Some Reputed Architect may ask you we don't deal with only making plan [Charging 15K] but Our Package is 300K Includes these extra items others may say and we Charge 15% of Labor or even all Construction cost. This Upto you How Much you want to do yourself and how much you want from them there is no bindings from DHA.
I have personal experience in dealing in DHA Offices they are very helpful and not creating hurdles If you abide by Laws.
If You are overseas and cant spare one day even then I will advise you to buy a built House, It may not be as per your specifications. I am sure when you make house you will point 100 Faults within one months and others will point another 1000 Faults when you sell.

Londoner replied on Wednesday, August 31, 2016 04:58 PM PST 

Google Brainwave Builders Lahore. They are very professional and deliver what they commit.

HUSSAIN@1956® replied on Wednesday, August 31, 2016 08:40 PM PST 

Hi Londoner,
Could you please have any
contact number and address of Google Brainwave Builders Lahore.I am interested to build my house in DHA 4

Aa replied on Thursday, September 1, 2016 09:44 AM PST 

Hussain he is saying do a google search for "brainwave builders"

Londoner replied on Thursday, September 1, 2016 04:52 PM PST 

Thanks Aa, Yes I meant search on internet following keywords

"brainwave builders lahore"

and you'll find their contacts, previous projects etc.

HUSSAIN@1956® replied on Thursday, September 1, 2016 05:13 PM PST 

Londoner/ Aa, Many Thanks for help
>
(76053)
Tuesday, August 30, 2016 04:04 PM PST 

Please Guide,

is there will be any problem in future if I give special power of attorney to construction contractor (Non-Relative)to build my house in DHA Lahore in my absence.

Thanks & Best Regards

MJM Dammam replied on Tuesday, August 30, 2016 05:35 PM PST 

Absolutely no problem. But, please check contractor's background and see the work he has already completed.
>
(76052)
Tuesday, August 30, 2016 03:40 PM PST 
Plots in lahore

WhAt about the progress of nfc phase 2
Kindly share map or list of affected plots in nfc phase 2
>
(76051)
Tuesday, August 30, 2016 03:38 PM PST 
Evaluation of 10 marla plot near 192 C of NFC 2

Attention. Mian Waqas of LR E
Kindly evaluate my 10 Marla plot # 193 in C block of NFC2. I shall be grateful. Regards

Lahore Real Estate replied on Tuesday, August 30, 2016 05:03 PM PST 

Dear Mr Zafar,

Current price of your plot near C 193 is around 32 lacs ( cost of land ).


Mian Waqas
+
Lahore Real Estate
Email:INFO@LREPK.COM
>
(76050)
Tuesday, August 30, 2016 03:11 PM PST 
DHA Phase 8 1 Kanal Plots For Sale

Plot No 184
Block V
Demand 170 Lacs

Plot No 1040
Block T
Demand 260 Lacs

Reasonable price More Info Plz Contact



Khadim hussain
+
Lahore Real Estate
Email:INFO@LREPK.COM


:forsale:
>
(76047)
Tuesday, August 30, 2016 11:20 AM PST 

All the discussions are confusing would be investors like me in low budget, kindly some one sum up where to sell and where to buy in the current situation thanks

MSR replied on Tuesday, August 30, 2016 12:15 PM PST 

Buy anything on raiwind road side, it's going to be winner in coming one year.

KK® replied on Tuesday, August 30, 2016 01:33 PM PST 

Mr. Habib what about suigas phase-2 , howz that investment for one year, thanks

Ibi replied on Tuesday, August 30, 2016 02:57 PM PST 

IEP sec A main access road is under construction now a days from
Valencia main road upto iep main 150 . It was a missing patch and now a days work is on full swing by LDA and will be completed in a Month . I think this will help IEP alot

Habib replied on Tuesday, August 30, 2016 03:40 PM PST 

I think DHA Rahber Commercial will be under pressure 1,2 Years. Further fall may stop but appreciation chances are dismal.
IEP did not get that extreme Hype and possible that it will slowly gain, But as Buyers have disappeared somewhere so only True Home Makers may be interested, IEP will have Little or No Correction but again price appreciation in 1,2 Years will be less Likely No Matter what happens.

Actually insider like CMY can guide better, He gets the Feed Back from real deals if at all happening these days, I am already seeing some revision in demands especially in Phase 8, Thanks God Prism Kanal Market demands are stable. However Transections are Zero. Smaller Plots demands have decreased by 15%. { In spite of the fact that these were minimally affected by Taxation and FBR Issue]
All depends what major stake holders take Position if they will sell then Cash is expected.
People who are not long term holders should track the demands of other similar properties and get assessment. Long term holders Like 5 to 7 years Plus Need Not to worry

MS/ USA replied on Wednesday, August 31, 2016 01:38 AM PST 

Thank you Habib shaib for a great analysis!

umerjee replied on Wednesday, August 31, 2016 02:16 AM PST 

100 percent agreed with mr kureshi
>
(76043)
Tuesday, August 30, 2016 12:51 AM PST 

What the hell is going on with state life phase 2
>
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