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

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(65782)

BNE

Friday, June 12, 2015 07:34 AM PST

Reply:

Dear All,

Any update on IVY GREEN?

BNE

(65781)

omer

Friday, June 12, 2015 07:21 AM PST

Reply:

Aoa everyone. .my question is for experts like CMY SIR, Jameel bhai and ones who know real things about property, what will u think about the current situation of state life phase 2 , what is the solution and where would u expect it to be after 5 years ..please gives ur opinions about it ...and would like to hear from u the real solutions. .thank you so much for ur valuable input and time

Khurram replied on Friday, June 12, 2015 01:31 PM PST

As far as location is concerned SL2 does not have match however it is pertinent to mention here that the management has to play their role to take the prices up. The work in SL1 proves that they have lot of potential. In my humble and lay opinion the prices will definitely rise here with the passage of time. If you have read the post of CMY he mentioned that it might be taken over by DHA in any time frame then you can yourself imagine the worth of that place which is already in the center of DHA and very close to ring road. The moment they announce any activity here the prices will be out of reach. Regards

(65780)

omer

Friday, June 12, 2015 06:20 AM PST

Reply:

Dear pls evaluate plot k-858 in dha phase 9.

Regards

Asim Irfan LRE replied on Friday, June 12, 2015 10:17 AM PST

Respected Omer sahib K-858 even though a 60 feet road corner but still a school and mosque facing is worth Rs 62 to 63 lacs.

Asim Irfan
Lahore Real Estate
+923224003475

omer replied on Friday, June 12, 2015 02:05 PM PST

Thanks Mr. Asim. What about your views on location?

Regards

(65779)

M_Ahmed

Friday, June 12, 2015 05:02 AM PST

Reply:

What is the best commercial option in the southern part of Lahore?v

(65778)

Wasti

Friday, June 12, 2015 04:56 AM PST

Reply:

Dear experts
I hav 6 million and want to invest for 2 yrs time. Plz guide for maximum return.
Thanx in advance

(65777)

Imran Syed

Friday, June 12, 2015 04:55 AM PST

Reply:

Daewoo is having bus terminal near dha prism H F & J block

(65776)

MWB

Friday, June 12, 2015 04:54 AM PST

Reply:

Hey,

Today/Yesterday DHA Town got procession, what are implications ? benefits/bad news

CMY replied on Friday, June 12, 2015 10:43 AM PST

There will be some gain but wont be too noticeable as it have gained enough before the possession announcement.

Choudry Mujahid Yasin

(65775)

Guest

Friday, June 12, 2015 03:33 AM PST

Reply:

When to Pay Money to Dealer For Buying Plot?

Dear Brothers

If we have to buy a plot then at what stage we need to pay money to the dealer? I do not want to give all money to the dealer before plot transfer in my name. I want to pay at time of plot transfer. Is there any standard procedure to safeguard the interests of the buyer? Does each housing society has its own procedure for it?

======Admin Note======
Real All >> Hot Topics

Jameel replied on Friday, June 12, 2015 04:47 AM PST

100% payment at time of transfer not even 1% at token, If Biana is 3 Months then sometimes they ask 50% Commission which is justified.
Better avoid biana, Give Token of one Lac and verify and arrange property in 2 weeks. I always bought on Token and Full payment. Only exception was house which was was with 5 Lac Biana and 3 Months was given to get LDA NOC, I did Not pay any Commission only gave at time of transfer. Neither dealer demanded.

======================
Admin Edit: Re Post Due To Posting Errors

In society office, when final steps of Purchase take place, The seller surrender his original Documents to office they recognize the papers and verify the ID of seller, and Let You sign every thing etc including signature and Bio metric, Then You come out of Office and get Full payment receipt from seller on stamp paper, and get receipt on Copy of Pay order get dealer as witness.
After all you usually pay cash Commission of dealer at the same time.

Society may give you allotment latter at later stage can take few days to 6 weeks depending upon the Process of Society. Commission is not delayed till that time.

Salman Maqsood LRE replied on Friday, June 12, 2015 04:51 AM PST

Dealer is paid only after full transfer is complete in society office

kamran replied on Friday, June 12, 2015 04:57 AM PST

Dear friends, I am going to buy a 12 marla house in eden value homes. The demand was 165 and finally 150 is the asking price. I like the location of this closed community. I am going to finalise within a few days. Any suggestions? Is that price, 150, ok? Thanks

Aslam replied on Friday, June 12, 2015 05:57 AM PST

@Jameel & Salman. Thanks for clarifying. I actually wanted to ask that when we should pay the money to the seller? So I can assume from above that we pay to the seller at time of plot transfer in society office. So we pay to seller by cross check or Pay Order?

Thank you again for clarifying these issues.

Aslam replied on Friday, June 12, 2015 06:00 AM PST

@Jameel Sb. Also what is difference between Bayana and token?

mubashar replied on Friday, June 12, 2015 02:42 PM PST

Token is an intial little amount one gives to seller for locking the deal whereas Bayana is one third of total amount which was decides by seller and buyer to finlalized the deal.

(65774)

LRE Admin

Friday, June 12, 2015 02:19 AM PST

Reply:

Search time increased from 7 days to 90 for above search field

Jameel replied on Friday, June 12, 2015 05:16 AM PST

thanks

(65773)

Khan

Friday, June 12, 2015 12:57 AM PST

Reply:

DHA Town Phase 9

What do the experts say; the prices of 5 Marla plots in Phase 9 Town have reached its peak, now is it wise to buy plots which is in the bracket of 55 to 60 lacs? Is there any juice left in this investment for the purpose of investment ?

Khan

======Admin Note======
Real All >> Hot Topics

omer replied on Friday, June 12, 2015 12:00 PM PST

CMY SIR , I agree but u know 1000 times better than me that it was all because of files trading ..I will buy today a plot in prism if anyone can guarantee me 300% gain in next 5 years..I am sure sir that u got my point quite precisely what I was trying to ask u in above statement. .thank you and would wait for reply from you sir

omer replied on Friday, June 12, 2015 12:50 PM PST

And sir one more thing my brother still have the file for one kanal plot he bought in 2004 for 45 lakh .he keeps that in a frame next to his wedding pic because that's the year he got married in Pakistan (he bought the plot to satisfy his in laws before marriage).I hope he did make 300% after 11 years..sir there are alot of sad stories too..not everyone is an investor

Khan replied on Friday, June 12, 2015 02:26 PM PST

If the price of 5 Marla plot in phase 5 is around 80 lacs then don't you think that Phase 9 Town 5 Marla would be equal to that proportion, I know your argument would be that phase 5 is fully developed in shape of constructed houses, but at the same time the location of 5 Marla plots in phase 9 Town has much more better location. So according to my estimation soon after the possession the builders who have bulk of plots in their kitty would start construction & very soon this town would be developed. In Round 1 or 1/12 years the price of 5 Marla plot would be around Rs. 80 lacs

(65772)

khalid Mehmood

Friday, June 12, 2015 12:36 AM PST

Reply:

Plz inform Dc rate for DHA phase 7 now 2014-15 & 2015-16. How much taxes for DHA phase 7?.any ideas for 2015-16 Dc rates?

(65771)

Tahir Mahmood

Friday, June 12, 2015 12:34 AM PST

Reply:

Dear Jameel Sb.

Is there any tax which has to pay by seller when he sold the plot from DHA phase 1 to Phase-11. If have how much any what is the basis of its calculation?

Thanks in advance and jazak Allah

Jameel replied on Friday, June 12, 2015 04:55 AM PST

Yes there is capital Gain tax but Payable if you only recently bought the property if holding more than 5 years no Tax.

(65770)

Imran1234

Friday, June 12, 2015 12:32 AM PST

Reply:

what is difference between semi comm. and full comm.?? How much time you will give for full payment? Max I can have 80 lac only. :(

Ahtesham replied on Friday, June 12, 2015 04:52 PM PST

@imran1234 i think that was ur reply to my previous post regardind semi commercial 5 marla house in PS... U can contact me on

(65769)

KIA

Friday, June 12, 2015 12:29 AM PST

Reply:

Bro Habib: Thanks for your swift reply and insight. Valencia is good but not a gated society and DHA management is unmatched and valuable. If you or anyone spread light in more detail (pros & cons) will be appreciated. Mr. Jameel and Block B and other Experts are also welcome to comment, pls.
Best wishes,

Jameel replied on Friday, June 12, 2015 04:38 AM PST

Valencia is gated

MS replied on Friday, June 12, 2015 01:23 PM PST

Many people are selling houses in Valencia because cost of electric unit is very high compared to other residential societies in Lahore. You can also confirm this fact from any dealer that will also tell you the same fact. Valencia rates are almost close to peak today and have small gain expected in the future.

(65768)

Akmal

Friday, June 12, 2015 12:26 AM PST

Reply:

DHA has announced few plots possession in T & U blocks but they are not in new cutting. New cutting possession will take some time

H200 replied on Friday, June 12, 2015 01:38 AM PST

What do you mean by cutting? Lower cutting and upper cutting?

Jameel replied on Friday, June 12, 2015 05:32 AM PST

If You see a map layout Upper Cutting is Upper on Your screen usually North and lower is usually south [Though not 100% Correct]
New Cuttings means when initial map is revised few lines are added these are called new Cuttings usually are distant and take time to develop and are cheaper

rana replied on Friday, June 12, 2015 06:02 AM PST

Is that universally true Jameel Bhai? Because in the case of Phase 7- Phase W I have heard "upper cutting" referred to as being closer to the golf course, which would make it west, and "lower cutting" would be east.

(65767)

Syed

Friday, June 12, 2015 12:11 AM PST

Reply:

Salam every one,

i would like to thank every one who particiapte on this forum , i really find it useful. IA every one who like to help others without their own benefit will be rewarded.

I am sure with this type of service i will meet Lre team very soon.
Also special thanks to CMY sb. , Jameel sb. and few other who post Pics and updates.

Also would like to thank Adil and saeed sb who proactivley ans my questions over the phone and msgs.

I cant stress enough how hard is for an overseas pakistani to buy
A plot in lahore , even ppl you know do bayana on bayana which is
Cant be monitored or traced as this is the business as usuall , i really hope some one from any govt put end to this practice.
A plot should be tranfrd first before it becomes avail in the market again.

Thanks !!!

:pkf

CMY replied on Friday, June 12, 2015 10:48 AM PST

Thanks

(65766)

Fareed

Thursday, June 11, 2015 09:13 PM PST

Reply:

Dear LRE
What is approx. price plot near P-764 Parism.
Tks.

Adil Saeed replied on Friday, June 12, 2015 12:26 AM PST

Dear fareed Sb,
Ph 9 P plot # 764 current market worth is 57 to 58 lacs.

(65765)

Naveed

Thursday, June 11, 2015 08:23 PM PST

Reply:

AOA
Please evaluate DHA phase 8 / T-1707.
Thanks
Naveed

Adil Saeed replied on Friday, June 12, 2015 12:31 AM PST

Dear Naveed Sb,
Dha ph 8 T plot # 1707 facing community club its market worth is 172 to 173 lacs.

(65764)

Zahid

Thursday, June 11, 2015 07:44 PM PST

Reply:

DHA 9 Town Updated Rates

Dear LRE

Please update DHA 9 town rates after posession announcement.

Thanks.

E.A replied on Thursday, June 11, 2015 10:50 PM PST

3-5 laks gain is expected as per many dealers...

(65763)

Naveed

Thursday, June 11, 2015 07:32 PM PST

Reply:

Lahore Ring Road Southern Loop Effects on Bahria Town

AOA,

As everyone knows a large area of Bahria Town Lahore is marked by LRR. So effected members(including me) are uncertain what will happen. I want to submit an application to Bahria Town lahore Management to ask how will they compensate the effected members?

It will have more impact if more effected members want to get into application.

Please reply this thread if you are the effected member.

Regards,
Naveed

======Admin Note======
Real All >> Hot Topics

aq replied on Thursday, June 11, 2015 07:39 PM PST

Map location is not finalised or at-least map is not provided yet by PU. And Bahria management is also not guiding people about this regard. Mr Naveed do u have any suggestion how to contact bahria in this regard.

imran replied on Thursday, June 11, 2015 07:45 PM PST

kisi ka pass LRR ka updated map hai ?

Bahria resident replied on Thursday, June 11, 2015 07:46 PM PST

Naveed, I'm not affectee of LRR but I'm concerned since it appears it will pass very close to my home. Please keep posting updates if you get any to from Bahria Town Management.

E.A replied on Thursday, June 11, 2015 07:46 PM PST

Mr.Naveed,

let us put hands together and contact with Bahria to get our rights in a right way.

Thanks

Naveed replied on Thursday, June 11, 2015 07:47 PM PST

@aq, I'll forward a written application to all high level officers including Chairman. I believe written application will be more useful than verbal discussion with Bahria Town officers.

Any other better channel/suggestion to proceed will be much appreciated.

Naveed replied on Thursday, June 11, 2015 07:53 PM PST

@everyone Thanks a lot for the reply.

My plan is - I'll draft an application and share with everyone interested, all you need to fill your details(plot/house number, member id, copy of allotment letter).

Anyone can submit application at his/her own or lets collect as many applications and submit at once.

Any other better channel/suggestion to proceed will be much appreciated.

Moin replied on Thursday, June 11, 2015 07:56 PM PST

Mr Naveed,

great initiative. I am ready to join.

Naveed replied on Thursday, June 11, 2015 08:02 PM PST

@Moin, I am not sure we should mention our plot/house number so publicly, any idea how can we collect all effected members ?

I've compiled application on Goolge Doc, please inbox me at , I can share the draft and open for suggestions to complete application.

Member replied on Thursday, June 11, 2015 08:08 PM PST

Dears

Which blocks are affected?

Amir replied on Thursday, June 11, 2015 08:26 PM PST

Please advice if Nargis Block is affected. I have a residential plot there.

Naveed replied on Thursday, June 11, 2015 08:27 PM PST

I am not exactly sure but what I know, they marked(red colored paint) on a large area starting near Grand Mosque to the left end through Tulip Ext.

There comes a large number of Houses, Commercial Plazas & Plots under this marking. A few members who were about to start construction has stopped due to uncertainty.

Some people are visiting the office(individually) but no serious response from Bahria Town Management, so I thought to start a formal application.

Please share this thread in your circle, lets all effected members get together to make an impact that we are really concerend and want to know how will Bahria Town compensate at time.

Hussain Kaisrani replied on Thursday, June 11, 2015 08:31 PM PST

Dear Naveed,
You have selected proper forum and way to proceed the matter. I am sure that you will be helping many others like you who are not in Lahore / Pakistan.
I wish and pray that all the affected members of Lahore Ring Road in Bahria Town get better and timely solution.
Good Luck!

Amer replied on Thursday, June 11, 2015 08:38 PM PST

The shared LRR map is closely passing by my plot in Iqbal block. I would like to join you guys in requesting BT Management to replace similar location plot anywhere in safe blocks. But I am an overseas, and have no idea how can I join your initiative.