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

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(70344)

Monday, February 8, 2016 11:03 PM PST

Reply:

(70343)

amir

Monday, February 8, 2016 10:25 PM PST

Reply:

Prism Development

Is there any update from which block prism development started today?

(70342)

Ali.

Monday, February 8, 2016 09:06 PM PST

Reply:

Hi LRE Team,
Please evaluate plot near 1142-L (10 marla).

Ali

LRE replied on Monday, February 8, 2016 10:21 PM PST

Dear Ali Sb,

Prism Plot # L-1142 Around 45 To 46 Lacs

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

Haf replied on Tuesday, February 9, 2016 04:16 AM PST

@ LRE if u have any 10 Marla plot near 1142 - L in prism in 46 then please let me know if am willing to buy on cash payment.thanks

Jamal khan replied on Tuesday, February 9, 2016 05:14 PM PST

Please estimate 10 Marla in DHA phase 9, prism.plot is near R 286. From which block development will start. Thnx.

Jamal khan replied on Wednesday, February 10, 2016 05:25 PM PST

Kindly valuate 10 Marla near R 288 in DHA 9.

(70341)

Habib

Monday, February 8, 2016 07:48 PM PST

Reply:

IVY Green Development Update

I heard that in IVY Green Development have started Long ago and after boundary work is going on main raods, I think thta is also reflecting the price, Can anyboday Update or Post Pictures.

Mustafa replied on Monday, February 8, 2016 10:19 PM PST

I have not seen much development activity in IVY Green. There was work on boundary wall and slow progress otherwise. Also, approach is too far from Burki. I don't see much potential in the existing prices; some growth but not too much.

Ahmed pak replied on Monday, February 8, 2016 11:35 PM PST

Aoa, 25 Jan 2016 I visited and saw one machine lavelling the mud road,although the land is leveled

Ahmed pak replied on Tuesday, February 9, 2016 10:06 AM PST

Thanks, Jan 25 I went to ivy green.yes I could see only one machine leveling the one mud road only but not much machinery.although the land is leveled.

(70340)

faqeer

Monday, February 8, 2016 07:41 PM PST

Reply:

Dear LRE Team

Plz evaluate

dha prism 861 H 1k

Jzk

LRE replied on Monday, February 8, 2016 10:00 PM PST

Dear Fageer Sb,

Prism Plot # H-861 Around 80 Lacs

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

(70339)

Khan

Monday, February 8, 2016 07:35 PM PST

Reply:

Prism C Block

Dear LRE Team
Please evaluate DHA Prism, C-1170, one kanal plot.
Thanks

LRE replied on Monday, February 8, 2016 10:22 PM PST

Dear Sir,

Prism Plot # C-1170 Lacs

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

Khan replied on Tuesday, February 9, 2016 12:14 PM PST

Dear Salman, No price have been mentioned. Plz mention the price. Thanks

Asad replied on Wednesday, February 17, 2016 04:33 AM PST

do you want to sell this as I want to buy

(70338)

Haseeb

Monday, February 8, 2016 07:17 PM PST

Reply:

AOA
Dear experts
What do you think about Lahore Motorway housing scheme? They are giving 5 marla single storey house in 28 lac. Is it good investment?
Thanks

Habib replied on Monday, February 8, 2016 07:36 PM PST

Just ask the situation in Rainy season I am not sure of LAnd level, SA gardens in 2013 rains Level reached 8 feet water on roads, Flooding once a while even in 3 , 4 years is bad

Kamran replied on Tuesday, February 9, 2016 10:06 AM PST

Dont invest. They have leagaĺ issues.

(70337)

Basit

Monday, February 8, 2016 07:01 PM PST

Reply:

AOA Experts
I want to invest 20 lac. Pls tell me where should I invest for 3 to 5 years?
Thanks

Basit replied on Monday, February 8, 2016 07:37 PM PST

AMP PLS tell me in which block?

AMP replied on Monday, February 8, 2016 07:40 PM PST

M7B, contact any dealer for this

(70336)

Hassan

Monday, February 8, 2016 06:03 PM PST

Reply:

DHA 9 Town --- Investment Prospects

Dear All. I visited DHA Town over the week end and saw start of construction of a house. Considering its location as it is surrounded by Askari 11, Phase-6 and Phase-9 would not it be a good time to invest for gains. Although the price of 50 - 55 for 5 Marla is handsome but apparently there is still gains which can be materialized. Await input.

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Hassan replied on Monday, February 8, 2016 06:04 PM PST

Price of 50 - 55 lac for 5 marla.

EJ replied on Monday, February 8, 2016 06:15 PM PST

@ Hassan,
by Mid-march you will not find any plot less than 60,currently DHA town is underpriced to due to Prism dilemma.

Thankxx

Hassan replied on Monday, February 8, 2016 06:21 PM PST

@EJ. But prism hype may not subside at least in the next few months. Even then if you see price increase for Town what is the basis for that assessment. Any idea on DC rate and transfer charges for 5 marla Town residential plot.

syed replied on Monday, February 8, 2016 06:27 PM PST

yes 40% juice still left but prism 100% , select wisely

Ejaz_EJ� replied on Monday, February 8, 2016 07:00 PM PST

@ Hassan,
Transfer fee Rs. 13,450
AM Fee Rs. 22,830/-
Stamp Duty Rs. 11,250/-
Documentation. Rs. 4,000/-
Total Expenses:- Rs. 51,530/-

Ejaz_EJ� replied on Monday, February 8, 2016 07:01 PM PST

@ Syed
prism will gain 100%, yes it true BUTTTT when nobody knows, its just a bher chall which is going on now a days, there will be still many ups and down in Prism, While town will be steady and fast gaining in near future.

Hassan replied on Monday, February 8, 2016 07:19 PM PST

@EJ. Thanks. Will it be possible to share your assessment as to what can be the expected gain in Town 5 marla plots in the next 3 years.

Ejaz_EJ� replied on Monday, February 8, 2016 07:24 PM PST

@ Hassan,
I am not an expert, but according to the market and based on my discussion with the people, it can reach in between 80-85 after 3 years.

I just spoke with one of the agent in Lahore, and he confirmed that purchasing is going on in TOWN but KHUFIA to keep the rates in control, soon you will see the price difference in Town as it is bound to increase now.

Thanxx

Hassan replied on Monday, February 8, 2016 07:28 PM PST

Currently Town's approach also does not seem to be good - Askari 11 approach is not that desirable while from Bedian Road is even worse. Is it not a negative when compared with other 5 Marla options in DHA as their approaches are better.

Mustafa replied on Monday, February 8, 2016 08:31 PM PST

If you are looking for a 3-year time horizon the price of a plot 50-55 lacs today should be expected to reach 85 lac in 3 years. The price could increase to 60-65 lacs at any time now onwards; it could take 2 months or 12 months but once it starts to increase it would be within days. The approach to DHA Town will be improved by DHA as it is the gateway to Prism. The prices are dependent on the construction of Phase 5-M block underpass which would provide a short-cut to DHA Town and Prism from Phase 5. Also, as soon as a dozen houses start construction the prices should jump instantly.

Hassan replied on Monday, February 8, 2016 09:00 PM PST

@Mustafa. thanks. Location wise what should be the order of preference among the Blocks ?

Hassan replied on Monday, February 8, 2016 09:01 PM PST

I mean choice or preference among the 4 blocks?

Mustafa replied on Monday, February 8, 2016 10:11 PM PST

Initially Block A was considered the best as it was close to the main road and broader than B-block. Later people saw Askari 11-B and apartments approaching Block-C so it gained popularity as well. Then D-Block farm houses were cleared and A-block of Prism combined to it so its front portion also became better location. I would advise you to buy a better plot rather than think about which block is better as all blocks are doing well and all are at the front of Prism. Just avoid the extended portion of D-block as that might see construction activity after a longer time. DHA Town looks big on the map but as most of these plots are only 5-marla the area is much smaller. You can look into D-block from the other end of C-block as the distances are rather small. If you find a good plot in any block go for it as good plots are not very expensive these days; the price difference will be more for good plots when construction activity picks up or market picks up. I like Block-D front half, Block A and Block C better than Block B which is rather narrow and the latter half of Block-D.

Hassan replied on Monday, February 8, 2016 10:32 PM PST

@Mustafa. Thanks for elaborate response and sharing your thoughts. Block "D" front half means plots above 100 Feet road, where mosque and farm house is (although you mentioned it has been cleared now) i.e. from 1 to 1114?

Mustafa replied on Monday, February 8, 2016 11:10 PM PST

There were many farm houses and most of them have been converted to plots already in D-block. I prefer D-block area that include plots from 1-700; some plots near the 10-kanal park that are above 700 numbers are also fine. I would avoid plots that are very near to the school or school play ground or jamia mosque or boundaries or unplanned areas, or towards the extended section of the block. Ideally, look for plots that are located back of 100-feet main road or near to it on the upper section and those should deliver a better return.

Hassan replied on Monday, February 8, 2016 11:23 PM PST

@Mustafa. Thanks and appreciate your valuable assessment.

Babri replied on Monday, February 8, 2016 11:24 PM PST

Dear Mustafa

How do you rate 8 marla plots in Block C on the back of 100ft road near Askari? How much gain can be expected in 1 to 3 years?

Mustafa replied on Monday, February 8, 2016 11:35 PM PST

If you are hoping for higher gains percentage wise you should invest in 5-marla plots as they are wodely marketable. The 8-marla plots are few and so the market is less active.

Mustafa replied on Tuesday, February 9, 2016 10:06 AM PST

I hope you are looking at the latest map. Here is the link:

http://www.lahorepakistan.net/DHA-Town-Phase-9-Map.htm

There were many farm houses and most of them have been converted to plots already in D-block. I prefer D-block area that include plots from 1-700; some plots near the 10-kanal park that are above 700 numbers are also fine. I would avoid plots that are very near to the school or school play ground or jamia mosque or boundaries or unplanned areas, or towards the extended section of the block. Ideally, look for plots that are located back of 100-feet main road or near to it on the upper section and those should deliver a better return.

Ejaz_EJ� replied on Tuesday, February 9, 2016 10:06 AM PST

@ Hassan,
I am not an agent and not expert, but according to the dealers and based on my discussion with the experts, it can reach in between 80-85 after 3 years.

I just spoke with one of the agent in Lahore, and he confirmed that purchasing is going on in TOWN but KHUFIA to keep the rates in control, soon you will see the price difference in Town as it is bound to increase now.

Thanxx

Ejaz_EJ� replied on Tuesday, February 9, 2016 10:06 AM PST

@ Hassan,
Transfer fee Rs. 13,450
AM Fee Rs. 22,830/-
Stamp Duty Rs. 11,250/-
Documentation. Rs. 4,000/-
Total Expenses:- Rs. 51,530/-

@ Syed
you will see shortly a downfall in Prism once Development charges will be imposed on each transfer, I am not against Prism, but its a very long term investment, there will be still many ups and downs in Prism, while Town can not go down from the current price.

Thankx

opinion replied on Tuesday, February 9, 2016 01:13 PM PST

@EJ A person who can afford to buy a plot worth 100 lac can also afford 162500 dev charges at the time of transfer. talk sensibly man

(70335)

Irfan UAE

Monday, February 8, 2016 05:36 PM PST

Reply:

Any update regarding start of development work in Prism

Woww replied on Tuesday, February 9, 2016 10:06 AM PST

Yes good suited booted teams, machinery in r ,map of k in hand and of main roads they had , Allah o akbar

syed replied on Tuesday, February 9, 2016 10:06 AM PST

yes big maps , team visited k block :) machinery in r :P

(70334)

Phase 9

Monday, February 8, 2016 05:33 PM PST

Reply:

Development

Dear LRE team is there any news regarding todays phase9 development starts or which phase they gonna start first or any update regarding stone cermony today ?

Javed Awan replied on Monday, February 8, 2016 05:35 PM PST

Development in Prism starts today. There were big ads in yesterday newspapers.

AK replied on Monday, February 8, 2016 06:22 PM PST

Is there any on ground kick off activity or ceremony?

(70333)

malik

Monday, February 8, 2016 05:25 PM PST

Reply:

developement charges

Dear LRE please inform about development charges of 5 marla plot in PRISM Phase 9. Thanks

syed replied on Monday, February 8, 2016 06:32 PM PST

9 lac in three years , every three month instalment , if u delay or does not submit DHA do not cancel your plot but a lil fine at selling time .

(70332)

Observer

Monday, February 8, 2016 04:51 PM PST

Reply:

Dear LRE
Plz evaluate my plot E 283 in DHA Ph 9. Thanks

LRE replied on Monday, February 8, 2016 10:27 PM PST

Dear Sir,

Prism Plot # E-283 Around 80 Lacs

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

(70331)

Razaq Ahmed

Monday, February 8, 2016 03:52 PM PST

Reply:

SUI Gas 2 Development Charges

LRE,

You have replied to this question whether the prices for 1 Kanal Sui Gas 2 inclusive of Development charges or not but your answer is not clear on that. Please confirm whether buyer needs to pay additional charges on top of the buying kanal price for example 40lac kanal plot.

Habib replied on Monday, February 8, 2016 04:56 PM PST

yes in Sui gas 2 it includes development charges, Development charges of Sui 2 were sorted long ago, However they imposed extra possesion charges as development was costly, This also is included in most deals, The seller have to aplly for NOC and clear all dues then he can sell.
Incase of NFC 2 most people are asking Cost Of Land and 6 Lac development Charge is due, last date was June 2009, still no fine seller have already paid that in past then he will demand exttra 6 lac or whtever he has paid.
It is Confusing if you could not undertsand then ask more questions

(70330)

obaid

Monday, February 8, 2016 03:29 PM PST

Reply:

Ad Type

Phase

Block

Plot

Size

For Sale

9 Prism