Lahore Real Estate Forum: Property News & Community Talk : Discussion Property News & Community Talk

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(75708)

Naveed@

Friday, August 12, 2016 02:15 PM PST

Reply:

evaluation of plot
dear LRE team.
kindly evaluate the following PHASE 7 plots
near p 620
near R 480
thanx

Khadim Hussain replied on Friday, August 12, 2016 02:52 PM PST

Dear Naveed Sb,

Phase 7 near P 620 is worth around 125 lacs.

Evaluation near R 480 is around 185 lacs.

Khadim Hussain
+
Lahore Real Estate
Email:INFO@LREPK

(75707)

fahad

Friday, August 12, 2016 01:25 PM PST

Reply:

Pls. evaluate assess R 330 & R 2150 prism

Asim Irfan replied on Friday, August 12, 2016 01:44 PM PST

Dear Fahad Sb,

Prism near R 330 can be sold around 37 to 38 lacs ( 2 paid ).

Market price near R 2150 is around 41 to 42 lacs (2 paid).

Asim Irfan
+923224003475
Lahore Real Estate
Email:INFO@LREPK.COM

(75706)

Naveed@786�

Friday, August 12, 2016 01:08 PM PST

Reply:

Bahria Orchard

Dear Fourm members,

I have just received a good news from my friend that the construction activity has been started in LCO blocks in Bahria Orchard Lahore.

The attached pictures of LCO block H where a house is under construction. If someone have further information than please let us inform.

According to Bahria officials if anybody who have plots in Bahria Orchard phase2 J, G and H blocks can apply for map to construct houses.

Thanks and Regards,

Ahsan replied on Friday, August 12, 2016 02:20 PM PST

I also got my NOC from Bahria last week. Just need to apply for map.

Ali javed replied on Friday, August 12, 2016 02:20 PM PST

I also got my NOC from Bahria last week. Just need to apply for map.

FAA.awan� replied on Friday, August 12, 2016 04:20 PM PST

A Good news for Bahria Orchard plots holders,especially for new investors.
Congratulations to Orchard LCO phase 2 investors.

Dubai replied on Friday, August 12, 2016 06:23 PM PST

Thanks for sharing latest update and a really sparkling newes for which I was so much awaited.

Der aae darust aae. -:)

I have called few plot holders and they have confirmed that the work on their requests for approval of map for construction in LCO blocks is under process

Plots with all dues cleared are entertained for map approval in Bahria office. Few plot holders already got their confirmation letters after a routine proceedure of Bahria officials such as on site work clearance etc.

Rana Tajamal Hussain replied on Friday, August 12, 2016 08:00 PM PST

I think this is the time to hold plots to get reward within 6 months because 5 and 8 Marla plots is an attractive Tax Free Investment in Orchard at the moment.

Hashim� replied on Friday, August 12, 2016 11:14 PM PST

Rana Sb and Awan Sb but after possession news in PHase 2 orchard. New imposed Taxes will have any impact on Orchard or still no impact after possession news?

HassanHC� replied on Saturday, August 13, 2016 12:41 AM PST

Hashmi saab orchard has no new taxes for Phase 2. Also Orchard scheme is under fbr 40 lac threshold so no new taxes as such.

FAA.awan� replied on Saturday, August 13, 2016 01:07 AM PST

No tension of taxes as it is low cost project.Tax free zone under 40 lac threshold.Best time to pick up small plots 5m and 8m.

Hashim� replied on Saturday, August 13, 2016 02:11 AM PST

Thanks Hassan Sb and Awan Sb. You people are really having very good knoweledge of Orchard and adjoining societies. Thanks forever for ur valuable suggestions.

(75705)

Kash

Friday, August 12, 2016 03:29 AM PST

Reply:

Dear LRE Team,

Please evaluate 10 Marla Plot Of DHA RAHBAR E BLOCK near 150

Thank you

Mian Rashid replied on Friday, August 12, 2016 03:43 PM PST

Dear Sir,

Your plot near E 150 can be sold around 90 lacs.

Mian Rashid
+923028409967
LAHORE REAL ESTATE
EMAIL:INFO@LREPK.COM

(75704)

M Arshad Ali�

Friday, August 12, 2016 03:17 AM PST

Reply:

Taxes on Property

Friends, I m unable to understand the people who r favoring new taxes.Property market is almost completely silent,DHA dealers association is planning to meet Ishaq Dollar Dar again to negotiate again.if everything is ok then dealers r worried

FAA.awan� replied on Friday, August 12, 2016 04:29 PM PST

Do n't worry my friand,at last ,the govt will have to give in. Property market will be winner.

(75703)

Hashim�

Friday, August 12, 2016 02:19 AM PST

Reply:

52000

AoA

DEAR Awan Sb

You kind suggestion is required whether to hold Bahria Town Sector F ABUbakar 236 # Plot or should i move it to some other place. I purchased it 3 months ago at 84 lac. What is the current value of it.

FAA.awan� replied on Friday, August 12, 2016 04:39 AM PST

Dear Hashim, I suggest you to sell this plot and try to move to Bahria Orchard C block for 8m and 5m in Bahria Nasheman on ferozepur road. Both projects are benefaciary of LRR,having potential. In sector F Abubakar block rates are stagnant and less chances of price appreciation in near future.It is better to re-invest your amount once again in these areas.

Saleem Dogar� replied on Friday, August 12, 2016 06:25 PM PST

But plz keep in mind the expenses of selling and then purchasing also.

Hashim� replied on Friday, August 12, 2016 11:11 PM PST

Thank FAA.Awan Sb once again for your suggestion. Jazakallah.

(75702)

asim lhr

Friday, August 12, 2016 12:46 AM PST

Reply:

please evaluate prices of following one kanal plots

DHA lahore phase 8...V sector near 484
DHA lahore Phase7.....S sector near 1000

Khadim Hussain replied on Friday, August 12, 2016 01:46 PM PST

Dear Asim Sb,

Phase 7 near S 1000 is valued around 155 lacs.

Phase 8 near V 484 is close to 225 to 230 lacs.

Khadim Hussain
+
Lahore Real Estate
Email:INFO@LREPK

(75701)

Malik Bilal

Thursday, August 11, 2016 10:09 PM PST

Reply:

Please evaluate Prism P-715. Thanks

SALMAN MAQSOOD replied on Friday, August 12, 2016 02:00 PM PST

Dear Bilal Sb,

Current market price near P 715 is around 75 lacs ( 2 paid ).

Salman Maqsood
+923224009967
Lahore Real Estate
Email:INFO@LREPK.COM

(75700)

SFGCS

Thursday, August 11, 2016 09:42 PM PST

Reply:

NFC 2

Team LRE:
Please asses one kanal, near J-10, 100 ft road, NFC 2.

Thanks

Mian Waqas replied on Friday, August 12, 2016 01:47 PM PST

Dear Sir,

Your plot near J 10 is worth around 50 lacs (cost of land).

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

(75699)

Mian G�

Thursday, August 11, 2016 08:31 PM PST

Reply:

Plot Evaluation of Bahria Orchard

Dear LRE & UPN Experts
Kindly evaluate the current price plot No 45 , size 8 marla in block J of bahria orchard phase 2
Thanks in advance and regards

(75698)

Muneeb

Thursday, August 11, 2016 08:03 PM PST

Reply:

Evaluation
Dear Sir,
Please evaluate phase 5 plot

B 530

thanks

Hassan Niaz replied on Thursday, August 11, 2016 08:56 PM PST

Dear Muneeb Sb,

Plot near B 530 can be sold around 315 lacs.

Hassan Niaz
+
Lahore Real Estate
Email:INFO@LREPK.COM

S.Hameed� replied on Friday, August 12, 2016 02:53 AM PST

Dears,

With due respect, are there any buyers in the market to buy Phase-5 1 Kanal plots at this price?

(75697)

Was

Thursday, August 11, 2016 08:01 PM PST

Reply:

Salam,

Can you please give market value of NFC 2

F 170
C 475

Thanks

Mian Waqas replied on Thursday, August 11, 2016 08:06 PM PST

Dear Sir,

Market price near F 170 is around 44 lacs (cost of land).

Plot near C 475 is still worth around 18 lacs (cost of land).

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

(75696)

Attaullah

Thursday, August 11, 2016 07:16 PM PST

Reply:

Aoa, dear pls evaluate the price of 15 marla plot in dha phase 8 p block ex air avenue near 136.Thanx

Saeed Rafique replied on Friday, August 12, 2016 02:53 PM PST

Dear Sir,

Plot near P 136 can be sold around 135 lacs.

Saeed Rafique
+923224333661
Lahore Real Estate
Email:INFO@LREPK

(75695)

Lucky�

Thursday, August 11, 2016 07:15 PM PST

Reply:

Dear Experts,
When DHA town balloting is expected?

(75694)

Imran

Thursday, August 11, 2016 06:43 PM PST

Reply:

what is the mean of 2 paid?

Lahore Real Estate replied on Thursday, August 11, 2016 06:50 PM PST

Dear Imran Sb,

2 paid means 2 installments of development charges paid out of 12 installments .

Lahore Real Estate
Email:INFO@LREPK.COM

(75693)

Adv.

Thursday, August 11, 2016 06:33 PM PST

Reply:

dear lre,

What is the current value of prism following plot

P 845
C 888

Salman Maqsood replied on Thursday, August 11, 2016 06:44 PM PST

Dear Sir,

Market value near P 845 is around 90 lacs ( 2 paid ).

Plot near C 888 can be sold around 125 lacs ( 2 paid ).

Salman Maqsood
+923224009967
Lahore Real Estate
Email:INFO@LREPK.COM

Ali replied on Thursday, August 11, 2016 07:19 PM PST

Dear salman pls evaluate the price of 15 marla plot in dha phase 8 p block ex air avenue near 136. Thanks

CH SAEED replied on Friday, August 12, 2016 07:10 PM PST

Dear Ali Sb,

Plot near P 136 is still around 135 lacs.

Saeed Rafique
+923224333661
Lahore Real Estate
Email:INFO@LREPK

(75692)

ASA

Thursday, August 11, 2016 06:29 PM PST

Reply:

dear LRE team
pl evaluate the following plot state life ph 1

D 140

thanx.

CH SAEED replied on Thursday, August 11, 2016 06:40 PM PST

Dear Sir,

Plot near D 140 can be sold around 102 lacs.

Saeed Rafique
+923224333661
Lahore Real Estate
Email:INFO@LREPK

(75691)

Shahid

Thursday, August 11, 2016 05:52 PM PST

Reply:

Price Evaluation

Please evaluate price, DHA phase 8 plot no. 355 W block.

Thanks

Khadim Hussain replied on Friday, August 12, 2016 01:48 PM PST

Dear Shahid Sb,

Evaluation near W 355 is around 325 lacs.

Khadim Hussain
+
Lahore Real Estate
Email:INFO@LREPK

(75690)

Rizwan�

Thursday, August 11, 2016 05:42 PM PST

Reply:

Advise required for investing 2 Million in safe society in lahore

AOA dear members,
One of my friend has saved 2 million from his hard earned life time savings. Please advise me where he can invest this money in real estate of lahore? Any safe and good options?

Regards.

Test_Passed_As_Entered_Ok� replied on Thursday, August 11, 2016 06:00 PM PST

Congratulations to Ishaq Dar

For the first ever time in more than 5 years, overseas remittances are reduced by 36%. Let Ishaq Dar put more taxes on Property and it will have big impact on economy. Overseas has stopped investing in property

https://jang.com.pk/latest/155576-a-reduction-of-36-in-remittances-in-july

AHMAD HASSAN� replied on Thursday, August 11, 2016 06:12 PM PST

Remittance didn't reduce due to taxes. This is recession, 100000s people has lost their jobs. Same is happening with India too, in fact they are experiencing outbound remitance where many needs cash to settle loans before leaving country. 55% source of remitance in Pakistan is GCC countries. I request all Pakistanis to pray for us.

Proud Pakistani replied on Thursday, August 11, 2016 06:19 PM PST

I loved to see this type of action by overseas Pakistanies. I don't know why Dar always thinks of IMF's little borrowing amount and overlook many more time remittances than IMF which Pakistan is receiving p.a from overseas and that is the actual fund which is supporting to get rid of IMF instead not his efforts to play with numbers. He thinks everyone is stupid and doesn't know how Pak economy is surviving.

M Zahid� replied on Thursday, August 11, 2016 06:43 PM PST

Ahmad Hassan,
Disagree with your logic that it is due to recession. why it it happened in the month of July. GCC market is affected since one year. wait for the numbers to come out and you will see overseas Pakistani specifically from EU and North america has held back their investment plans. it may be short term but investor has been put into shock.
Jang newspaper was also taking the lead on property taxation but now pouring oil on fire with such news.
Although taxes have been made slightly blunt but still shock and loss of confidence is there.
In plain words no one will stop FBR to up the evaluations every year and peoples questioning to prove the source with legitimate remitance is big thing until govt come forward to facilitate OPNs by allowing them to open the account like Indian.

AHMAD HASSAN� replied on Thursday, August 11, 2016 07:01 PM PST

Dear Zahid Bahi, till june no one noticed & moreover many who lost jobs were on notice period. Things will be worst in coming months. Yes I agreed with you that new taxes has impact too.

AHMAD HASSAN� replied on Thursday, August 11, 2016 07:03 PM PST

Also GOVT don't like to publish correct figures before budgets :)

User_19995� replied on Thursday, August 11, 2016 07:05 PM PST

yes i am totally agreed with Ahmad bhai

Flex01� replied on Thursday, August 11, 2016 07:07 PM PST

Well M Zahid has a point. In my view, certain percentage is remitted for meeting monthly expenses. Others are send as and when some one is buying a property etc. So since end Jun, no major property transactions happened. Hence, people did not remit the money in Pakistan.

User_19995� replied on Thursday, August 11, 2016 07:10 PM PST

other aspect is that the news of remittances are circulated mainly by Jang group and also they did prog on this topic i.e impact on economy in pak coz of GCC market.

By this they also just want to put all credit of market slum on GCC market not by the taxes.

So M zahid is also right in this regard

Rizwan� replied on Thursday, August 11, 2016 07:21 PM PST

Though u discussing a good point but i think i inquired about investment of 2 million? :P

User_G7722� replied on Thursday, August 11, 2016 07:23 PM PST

Dear Ahmad Hassan Sb

I tend to disagree with your point. You might be right partially but major impact is these unfair taxes by Mr Ishaq Dar/PMLN Govt. I'm GCC resident but have stopped my remittances and investment since May. Only sending few thousand Rs for home expenses.

Another shock came by knowing that whatever I was sending at home for investment is "Illegal Money" in the eyes of blood sucker FBR. I always used money exchanges (Never used hundi etc) but bcoz I don't have PRC from receiving bank in Pakistan, so my hard earned salary is "Illegal" now. Although Govt of Pakistan

- Stamped my Passport from "Protectorate Deptt" going abroad for job

- Issued my Overseas Foundation card recognizing me expat Pakistani

- Issued me "Remittance Card" against remittances made to avail customs concession in Pakistan

BUT STILL - I need PRC for each of my transaction to prove it legal. SHAME ON THESE MORONS and to those who made this system.

AHMAD HASSAN� replied on Thursday, August 11, 2016 07:30 PM PST

Am not excluding property taxes. But we need to concider all factors. As per news 36% drop is in single month. Wait till q4 end. Am afraid from flight of money too that was orginal motor of one media group.

HudaFier replied on Thursday, August 11, 2016 07:42 PM PST

I work in a Gulf Country, it is a Mixture of All of the above reasons and more ... the Employees are not paid and hence weren't able to remit money to Home & Family.

Also indeed in current outlook when Dollar (pegged to Riyal & Darham) is showing strength while outlook of Pakistan real estate and Gold market is confusing, those who have extra cash are trying to hold it for time being.

But biggest reason is Ramadan and Eid .. Most People every Ramadan either remit home extra money in view of extra expenses or travel home on vacation taking advance salaries, as a result the concurrent month (in this case June) see a spike in remittances while the susequent month in this case July see a drop (adjustment of the same).

Unless we see a downward trend in coming months .. it is not that much of a big deal as people want to portray it for just to prove themselves right!

M.K.Suleman replied on Thursday, August 11, 2016 08:09 PM PST

I am living in Qatar for the last one decade and to tell you the fact that majority of overseas here have no option but to send their earnings back home. Remittances started dropping much before the imposition of new taxes on property. Major chunk of money comes from GCC countries, unfortunately these countries are finding hard to meet budgetary requirements for development projects and new projects are not coming by, as a result companies are downsizing. Developing countries who largely rely on foreign remittances are facing the brunt of meltdown and in coming years the effect shall be more pronounced. If we are to survive in trying times that is imminent ahead, government instead of relying on change of hands for money in property business should reduce the cost of doing productive business side by side develop agriculture base and water resources. Countries who would have water reserves coupled with agricultural economy shall be the richest in the world and Pakistan has all potentials to capitalize on these resources.

KK� replied on Thursday, August 11, 2016 09:17 PM PST

M. K Suleman,

Agriculture base is good but cannot help in country's progress coz kaddoo teenday baich kay you cant feed 200 million people and earn money....progress is only by research n technology advancement....Germany is not agri based economy but its GDP is more than all Muslim countries together including GCC

Muhammad Asif� replied on Thursday, August 11, 2016 09:46 PM PST

Dear Rizwan,
Learn from above posts and wait for some time :-)

AHMAD HASSAN� replied on Thursday, August 11, 2016 09:58 PM PST

@ KK, کدو and ٹینڈے, Sector is the largest employer of country. This is true we canot depend on agricultural for growth of our economy but we can get better results if we apply technology in this sector as well. Agreed with you but must read following success story.

http://tribune.com.pk/story/353869/high-tech-agriculture-the-extraordinary-profits-of-hydroponic-vegetable-farming/

MIT� replied on Thursday, August 11, 2016 10:42 PM PST

@Rizwan. See how interesting this forum is. You can get lost with your actual question in such 'discussions' You have so much education and answers to your query here indirectly or even unrelated though. Read it one more time and just hold your money tight, wait as advised by Mr. Asif.

LOYAL PAKISTANI replied on Thursday, August 11, 2016 11:20 PM PST

There is over all slump and pace of world economy is at snails pace in real economics term.

Oil prices crises are stern in GCC. It will take few months to come these things normal.

Let's hope for the best in Pakistan and people should also invest in different venture to create jobs n participate in real upward progress in the economy of the Pakistan.

replied on Friday, August 12, 2016 07:23 AM PST

Mostly investment in property and remittance is increasing nearly Eid.Many overseas are visiting to home at Eid.But this time it is deceased on Eid days and overseas invest a little due to taxes.On the other hand properly of Dubai is on rise.

Kaleem khan replied on Friday, August 12, 2016 11:24 AM PST

Investment in property are stop due to heavy taxes and Slump period ahead.
Look forward for others options. Mostly dealer can't accept due to there own interests.

Amjad Rashid replied on Friday, August 12, 2016 04:32 PM PST

Rizwan� With this budget, you must invest in Audit & Accounts Phase 2 as it is falling on Lahore Ring Road Southern Loop, and is still very cheap.

You can buy a 4 or 8 Marla Plot in this Budget. But you must physically go there and verify the plot location is safe from Ring Road. Red coloured Concrete Pillars of Ring Road clearly show the plots falling in Ring Road.

After one year you will be remember for this best advice as the existence of Ring Road there at that time will increase the prices there to a great extent.

alpha replied on Sunday, August 14, 2016 01:07 AM PST

Sir Rizwan asked for a simple questions - and pundits are discussing world economics

(75689)

Khurram

Thursday, August 11, 2016 05:41 PM PST

Reply:

Advise required for investing 2 Million in safe society in lahore

AOA dear members,

I have spared 2 million from my hard earned life time savings. Please advise me where i can invest this money in real estate of lahore? Any safe and good options?

Regards.

Amjad Rashid replied on Friday, August 12, 2016 07:10 PM PST

Khurram Sb,

With this budget, you must invest in Audit & Accounts Phase 2 as it is falling on Lahore Ring Road Southern Loop, and is still very cheap.

You can buy a 4 or 8 Marla Plot in this Budget. But you must physically go there and verify the plot location is safe from Ring Road. Red coloured Concrete Pillars of Ring Road clearly show the plots falling in Ring Road.

After one year you will be remember me for this best advice as the existence of Ring Road there at that time will increase the prices there to a great extent.