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(65499)

DC rates

Friday, June 5, 2015 04:59 AM PST

Reply:

New DC rates

(65498)

Malik G

Friday, June 5, 2015 02:47 AM PST

Reply:

Investment Advice

Dear All.
I am an overseas Pakistani and i am willing to come back to pakistan this July. I want to construct some house and to Put it on rent basis.Kindly Advice me in which area of DHA i can have 5 marla plot for construction in the range of 50-55 within populated area. how much will be the construction cost for a class construction and what will be the expected rent. I will be thankful to you for your sincere advice.

Malik G replied on Friday, June 5, 2015 05:39 AM PST

Jameel sb , Block B Sb and Ahsan Sb. Please comment about the options which should i take to get a rental income of upto 50 K

Malik G replied on Friday, June 5, 2015 05:40 AM PST

I want to stick to Only DHA area, Please reply to my post

Jameel replied on Friday, June 5, 2015 05:55 AM PST

Rents in DHA are not great Focus on small Houses Near Jinnah Hospital, Johar Town 5 Merla which can be converted in 2 Portions can give you Min 35 to 40 K rent You can buy such House in 75, same is True for Faisal town D Block
BOR near Jinnah 3.5 Merla old houses can be Found in 50 Lac a rent of 35 K can be yielded. This is best Value to rent Ratio.
DHA houses mainly grow in Value but not great rents. But you may try 5 merla House in W and Z Block Phase 3, and GG and JJ Block phase 4 in Price of 80 to 100 Lac, same rent as that of Johar town or a bit less is expected
For rent is always advisable to to buy old solid houses with simple structure If you buy a new House in 2 Cror after one year of renting it loses 50 lac [ 25% of value], Never Build a new house for rent.

Malik G replied on Friday, June 5, 2015 11:10 AM PST

Thanks Jameel Sb for your Guidelines. Is their any chances of Qabza in Johar town area or BOR area because this is my only Saving in Life. I want to Invest in DHA because there is no chances of Qazba mafia as i want to come back in Saudi after 2-3 years againg.

Block B replied on Friday, June 5, 2015 11:26 AM PST

Having good Tennant is another science :)
People ruin your house or do not give rents in time. I will prefer a commercial plot for rentals if your pocket allows . With property tax rising it is not very lucrative to rent your house.

Malik G replied on Friday, June 5, 2015 11:49 AM PST

Thanks Block B. I am follower of few persons Like U , jameel Sb, CMY sb and Ahsan Sb. with Budget of Max 9 Million from where i can generate a fix Income up to 40 to 50 K?or what are the best possible commercial property which i can have in this budget?

Malik G replied on Friday, June 5, 2015 01:10 PM PST

Ahsan Bhai..
Thank you very much for your kind post. can u tell me is there any chances of qabza in these areas which u mentioned because i have to come back in saudi and can not afford problems after i come back in saudi.

Jameel replied on Friday, June 5, 2015 02:12 PM PST

I under stand why you are preferring DHA but keep in mind
There can be issues of renting
Most common are rent not paid in time, electric bills not cleared or refused to vacate house in time. DHA does not safeguard you against these disputes.
On the other hand I never heard about Qbaza and tenant will say this house is mine and I have transferred by Fake Documents to me, never happened to my knowledge.it is Not possible in DHA or LDA area

Malik G replied on Friday, June 5, 2015 02:20 PM PST

Thanks Ahsan and Jameel Bhai. IF LDA colonies are also safe from this kind of QABZA mafia then i will go for the LDA colonies like Johar town, Wapda Town and Allama iqbal town.Thank you very much for your kind support. Johar town is the best option for me. is there any of the case reported of Qabza in JOhar town?

sunny84 replied on Friday, June 5, 2015 02:33 PM PST

Malik G, Why you want to waste your money? Dont you know what type of people we are in Pakistan? I wish you must invest in some plot and dont go for rent.....otherwise, after 5 years....the tenant would not leave your house and you would be in trouble.

Buy multiple plots and dont put all the eggs in one basket.

Malik G replied on Friday, June 5, 2015 03:00 PM PST

@Sunny.
Yaar i am alos paying rent here for my flat. this amount i want to recover for some other source. IF i take your advise which areas i should prefer to buy a plot in Lahore where i can gain maximum in 2-3 years.Initailly i was thinking about DHA phase 9 but it is too long to hold for 7-8 years and in that time the construction cost will also become double.

Aslam replied on Friday, June 5, 2015 03:35 PM PST

@Malik

LDA societies are full of qabza mafias. Go to Johar Town and listen the qabza stories there. You will be shocked. Stay in DHA, Bahria for time being. Sincere advice.

Malik G replied on Friday, June 5, 2015 03:40 PM PST

Thanks Aslam Sb for your sincere advice. initially i am also thinking to buy in DHA only and i will stick to my decision.

Khalid Mehmood replied on Friday, June 5, 2015 06:00 PM PST

Malik Bhai, please STAY AWAY from LDA & local societies. Almost all LDA & local society including LDA office are in full swings with qabza mafias & bogus papers work. its only TENSION
I personally has very bad experience in LDA in past, and loss heavy amount due to lack of experience.
If you wish to have running income chose Commercial property only. In residence property you have to ready for many problems.

chaudry replied on Friday, June 5, 2015 08:40 PM PST

malik g i have a 5 marla corner house given on rent for 37.5 thousand per month,two portions,behind rehman villas,i am selling it for 65 lacs negotiable,its safe area,v clean place before bhatta chowk near dha phase 2,if interested plz reply mrschaudry at hat mal.thanks

Malik G replied on Friday, June 5, 2015 10:06 PM PST

Thanks Khalid Sb. Can u tell me which property is better a registary property or LDA transfer Property

khalid Mehmood replied on Saturday, June 6, 2015 12:30 AM PST

Registry with patwari farid intiqal with qabsa considered good. Stay away from pt1 registry.

MIT replied on Saturday, June 6, 2015 05:06 AM PST

Since all sale/purchase transactions are pretty much copy of DHA these days at LDA's office chances of qabza mafia are almost diminished in Johar Town now. Mr. Jameel has said it well and viable.

sunny84 replied on Monday, June 8, 2015 07:54 PM PST

Malik G, I treat plot as my babe, daily touch or qubaza is mandatory.....otherwise no trust in Pakistan....and zero trust if its in LDA or private land.

Go for society transfer plots....easy plot and go for reputable societies.

(65497)

Muhammad Asif

Friday, June 5, 2015 02:15 AM PST

Reply:

5 Marla plot to construct home

Dear All Readers & Experts,

Appreciate if all can put some light based on their experience and knowledge about Lahore.

I have plan to construct a house at 5-7 marla and my budget is upto 3.5 million for the plot. I need your valuable input and guidance on selection of the society, my priorities are;
1. Near to LRR
2. Reasonably populated at end of 2016
3. Good development and Security

Love to hear from all seniors :-)

Thank you.

Arsalan replied on Friday, June 5, 2015 03:15 AM PST

what is the rate there in m5 good location and how about m2

Muhammad Asif replied on Friday, June 5, 2015 03:47 AM PST

Thank you Ahmed & Omer, yes both M5 & M7 seems among the the best options considering my requirements.
Requesting others to contribute to bring out the best out of this discussion.
also looking for Jameel Sb's comment :-)

Muhammad Asif replied on Friday, June 5, 2015 04:58 AM PST

@Aslam Sb, nice to see you :-)
Have you already done a deal or in process of search?
What is average rate at M5?

omer replied on Friday, June 5, 2015 05:25 AM PST

@muhammad aslam ,the average rates of m5 10 marla is 29 to 35 lakh plus transfer fee and cvt plus commission ..i just bought one last month .all the best

Saad replied on Friday, June 5, 2015 05:27 AM PST

You can get a plot in Pak Arab Housing Society!

FQ.awan replied on Friday, June 5, 2015 06:06 AM PST

If you are interested on ferozpur road , Bahria Nasheman is the best to fulfil your desires,excellent security and maintence etc.5m between range of 25.50 lac- 28.50 lac and 8m 30-38.

T&T Abpara replied on Friday, June 5, 2015 09:57 AM PST

Consider T&T Abpara as well.

(65496)

Masood

Friday, June 5, 2015 01:32 AM PST

Reply:

Mr. Otpmist, Mr. Jameel or any other experts. I am silent reader of this forum and first of all would like to praise your knowledge about Lahore properties. I have a question:

I visited phase 7 recently and noticed that the road "avenue 14" is a double road with service roads, it is starting from 13th avenue and going towards Nala. At Nala, there is a dead end of this 14th avenue road.

I want to ask, will this road remain as it it (dead end at Nala) or there are any plans about it that it will connect to some other main road. I will appreciate your rely. Thanks in advance.

Jameel replied on Friday, June 5, 2015 01:45 AM PST

If Bridge made This Road will Lead to a a pocket of Land Between Bankers Avenue and Karbath Village.
As of Current status this Road is dead at nallah there no Corresponding Major road across the Nallah.
But Banker's Avenue will be more interested in this Bridge than DHA

(65495)

Muhammad Ilyas

Friday, June 5, 2015 01:30 AM PST

Reply:

LRE! Your expert opinion about estimated price of M-1057 (1 Kanal) in DHA Phase-9

(65494)

nadeem saleem

Friday, June 5, 2015 01:26 AM PST

Reply:

Prism 9 is excellent. Pl give some price updates

(65493)