Lahore Real Estate Forum

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(74632)
Friday, June 24, 2016 03:49 AM PST 
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(74630)
Friday, June 24, 2016 01:59 AM PST 
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(74629)
Friday, June 24, 2016 01:32 AM PST 

Dear Jameel, Mujahid, Mustafa, ahmetkidir sb and other experts.

How good is the Pak arab society in-terms of on ground and off ground plots(non possession area or Files)?
How good is their track record?

Is it good for short term or long term investment?

Thanks in advance
Abdullah

Jameel Mughal® replied on Friday, June 24, 2016 05:59 AM PST 

Average track record, About B Class but good in that area, nothing certainly can be said about new development, But On ground 5 merla is more expensive than DHA Town
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(74628)
Friday, June 24, 2016 12:29 AM PST 
lrr

Dear all
I want to bring ur attention in beacon house adda plot gated and still low budget plots availability with neighbours like professors teachers of beacon house group
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(74626)
Thursday, June 23, 2016 10:24 PM PST 
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(74625)
Thursday, June 23, 2016 09:36 PM PST 
Will DHA fill the deep plots in Phase 7?

Dear friends especially Jameel Sb.

I've selected a 10 marla plot in DHA 7 in sector T, but it is deep around 3 feet. Development is still ongoing as per my understanding.

Will the society fill the deep plots? Other societies do not, does DHA do it?

Same question for Bahria Orchard for deep plots?

User_12596® replied on Thursday, June 23, 2016 10:49 PM PST 

No dha will nòt fill any thing.

Jameel Mughal® replied on Thursday, June 23, 2016 11:43 PM PST 

Nabeel Sahib, DHA does not fill the Land but only level Roads and 3 feet deep?? is Joke. Look at areas in Phase 5 L Blocks and 1/2 of Phase 8 which is 10 to 20 feet deep,

CMY replied on Friday, June 24, 2016 12:22 AM PST 

Nabeel bhai Dha7 T is very leveled and not deep at all. DHA or any oother scheme don't fill it all. They only level land where a support for any road is needed

Nabeel® replied on Friday, June 24, 2016 12:22 AM PST 

Thanks Jameel Sb.

What about plot facing reserved area,is it recommended? I understand that reserved area can be converted into anything in future as per DHA bylaws ,even graveyard ?

Jameel Mughal® replied on Friday, June 24, 2016 12:42 AM PST 

Nabeel Sahib, Depends Upon the Budget,
You are Right if I am short in Money I will go for that, also if i am Making home and resale is not intended
If I have Less money I will Go for these "Less Bad" Locations
1. Boundary with Some Reputed society Like Boundary of DHA and Sui gas is Not bad Though you get Cheaper.
2. Near or in front of Unplanned / reserved area after confirmation that there is no encroachment there, 80% it is taken by DHA But even if Not a good dwelling start there.
3 Facing sector shops or OHT people dont like but is not very Bad Location.
4 Facing commercial sometimes these areas are developed so nice that houses front of them look quite elegant look at Houses in front of Commercial plots in DHA Phase 6. All over the world Facing Commercial is Prime Location.

I will Avoid these areas

1. Near of at boundary with big graveyard, as people dont Construct Homes there easily and also security risk

2, Near big Village at Boundary of big Village and On Exit of Big village also security risk.

3 Facing nallah very near big nallah etc

Bottom line is go for compromised location only when you have decided to Make home, if resell is intended then I will go on prime location smaller plots than Kanal in bad Locations, 99% there will no issues but you cant convince market people are obsessive in making decisions. With more and more population Tag of bad location fades.

Nabeel® replied on Friday, June 24, 2016 01:41 AM PST 

Thanks for detailed answer Jameel Sb. and CMY Sb. Appreciate as I am a novice, some questions may seem silly. :-)

Tariq replied on Saturday, June 25, 2016 12:55 AM PST 

Construct a basement in deep plots, simple!
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(74624)
Thursday, June 23, 2016 08:01 PM PST 
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(74622)
Thursday, June 23, 2016 07:10 PM PST 
Cash deals

When market is moving fast Like Now a days in Phase 7 I will advise the buyers to go for only cash deals and don't ask time if you have ready Cash,

One Of My friend is in Pakistan and was Happy that he got a good deal in U Block Upper Lines in 140, I don't know what Convinced him to ask for 3 weeks time when he had ready cash. Few days before the transfer time his dealer called him that deal is not possible and he can take his token, He is startled the dealer is very reputed [ I will not name],
Hidden game is Plot was on Biana with some very Crooked dealer, As he is "not liable for any litigation" he completely backed out and was asking 152 Lac.
When deal is direct which is rare seller is liable if he signed the token. If seller backs out you can complain in office/ Court and take stay order not to transfer the plot, Though this is usually not fruitful but at least you can tease seller. But if you dealt with another person in the chain in Token you cant use this tool to pressurize seller to give you plot in agreed price.
I Told him to do quick survey of market if some bargain can be done he should take same plot as it is 2 lines back of main road.
NDC was ready had he transferred the plot in one week this problem would not arise as 140 was high price at that time.

User_528® replied on Thursday, June 23, 2016 07:46 PM PST 

nice advice, thanks for sharing !

Jameel Mughal® replied on Thursday, June 23, 2016 08:22 PM PST 

This accounts for 90% disputes in Market and every day business of dealers. He should have dealt with LRE who usually do direct deal or tell you fore hand that middle man is reliable or not.
There are ways to solve the issue if your dealer is faithful and other person who did biana is registered with DHA, a compliant can be Launched. However if your dealer is not helpful then best way is to buy the plot with some bargain as still it is almost good price, a dual approach is first create "Phada" and threat about 420 case then through some other channel try to do bargain. middle man is trying to extort maximum profit, he will agree with some bargain. Get LRE evaluation of
Location and even if 1,2 Lac expensive he should do the deal.
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(74621)
Thursday, June 23, 2016 06:55 PM PST 
Phase 9 - 10 Marla File Vs Plot

Dear Experts (CMY Sir, Jameel Sb and other experts)

I have a target to built a house in Prism (10 marla) not before 2022. but currently i have a budget of 5.5 million only and not willing to buy bad location plot (even these are out of range) and would not be able to pay development charges until next 1-2 years.

can i ask about growth rate in 10 marla file vs 10 marla plot in average/good location. will there be growth in both commodities at equal rate so after some time (2 years after) I can sale my 10 marla file and add some funds to get plot in Prism or can take risk of file to be ballotted.

What is strategy of DHA to adjust new files of existing phases. Either they adjust in existing blocks new cuttings or in new Blocks/extensions.

And last question what is expected date of next balloting of Phase 9 files?

Thanks

Jameel Mughal® replied on Thursday, June 23, 2016 09:31 PM PST 

Dear Adnan sahib Current Market situation is extraordinary situation and will not continue for long time. When you plan to make house you should not only plan for sunny days but also rainy days, Last 3,4 Months which market is seeing are seen only once while in many years.
Coming to your question if you buy the File in Ext 9 and it Continue gaining then it is good but few risk are there
In Slump it will lose at least 2X price of Mapped plots ie Plot Loses 10 it will lose 20.
Second thing in timeline you cant be sure when Ballot will Come if unexpectedly delayed then also it will lose. Phase 9 Ballot was done after 12 ys waiting period, DHA phase 5Ext Ballot was done after 12 yeras, DHA ciy ballot still not done after 10 years, Phase 6,7 holders had to wait 3,4 years and DHA phase 8 File holders waited 6 years, So if it Balloted is done 2022 It is will be average situation.
DAH Phase 9
Files will not get good Locations and will be located very close to villages.

the options for you are These
1 Try some below average but no so bad Location 10M in Phase 9 but get ready to pay development Charges,
Get Top Location Plot in J upper cutting like 2nd 3rd Line from Top and Preferably Corner in 44 and pay 9 Lac Charges. it should give you about 20 Lac return inshallah once roads will take some shape.
Buy 5 merla ready Plot in DHA town in 2 years it can reach 70 and will give you good gain.
Last 2 Options are better and more sure.

Jameel Mughal® replied on Friday, June 24, 2016 05:26 AM PST 

Adnan I tried To answer, If you carefully see the Current map new areas will be pockets near Villages 70%, and remaining area commented as DHA reserve area etc so you can calculate you odds 2 in three chance of bad
location.
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(74617)
Thursday, June 23, 2016 03:43 PM PST 
Current Price

Dear LRE,

Please let me know the current price of DHA phase 7, X-38

LRE® replied on Thursday, June 23, 2016 04:57 PM PST 

Dear Sir,

Phase 7 near X 38 is valued around 140 to 145 lacs

Khadim Hussain
+
Lahore Real Estate
Email:INFO@LREPK.COM
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(74613)
Thursday, June 23, 2016 10:48 AM PST 
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