Lahore Real Estate Forum

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(64493)
Friday, May 22, 2015 10:54 AM PST 

I got 8 MARLA COMMERCIAL ZONE 1 PHASE 9, ON 150 ROAD NEAR PLOT 11.

CMY, / TEAM , ESTIMATE ON THAT ? CURRENT VALUE?
Should I keep it or sell and move to phase 7 commercial or Phase 8 ?

thanks

Usman replied on Friday, May 22, 2015 11:52 AM PST 

Its current fair value is around 50 million

khan sb replied on Friday, May 22, 2015 04:27 PM PST 

Its worth around 200 million when on ground
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(64492)
Friday, May 22, 2015 10:43 AM PST 
the impact of phase 9 ballot in its first week

Today we reached to 7 day since the ballot of phase 9 happens and so far there is more confusion and uncertainty due to the map and allocations of plots . In general around 60 to 70 % people r not happy with what they got and if we see most of then r 5 marla with very high expectations. It's not their fault because if u compare the prices they r the ones who paid highest amount per marla , so we can understand their disappointment. In my opinion they would be biggest gainers only if they can hold their plots for another 2 years max , because mostly the new buyers would be gets desperate to be buying their plots on good price ..as CMY sir and all other experts mentioned , the key to success is in holding power .as I sees the market at the current moment , there will be a big dip in next 2 to 4 months then we will be able to ma I've towards more stable prices..as I mentioned before in my posts phase 9 gains will be best 150 to 300 % in 6 to 7 years specially for 1 kanal and 100 to 150 % for 10 and 5 marla (as mentioned also by CMY sir that kanal plots have a lot of room to grow if we see the pre ballot price of them ..as the pendulum is shifting towards to raiwind Rd , all prism plot holders should hold tight their plots and don't give up so easy .there is no way that anyone can beats u in prices after 6 years ..all the best

omer replied on Friday, May 22, 2015 12:56 PM PST 

@rafigrp , as an economist like u , the pakistan base real estate don't work on ground realities as they should world wide .the biggest example is at the moment is the balloting and scheme plan of dha prism .would u as u asked the question believe that any normal market would reacts in such a way in anywhere in world? .my answer would be no and never.we likes to lives in perception and works to makes it reality by the help of different factors.hfew of them r investors (the middle man) real estate agents (who have their personal money involved in the projects) delayed process from file initiations to plot possession. In the rest of world people shifts away from center of town and build new societies so the market moves evenly , but here in Pakistan older the society more is the price ..my own example is that I bought a flat in karachi for 5.5 lakh in 90 and now it's 85 lakh ..sounds crazy for a 25 years old structure but that's what I means by ground reality of pakistan. We as people r getting richer just investing in property rather investing in as for nation betterment. My dad bought a piece of land in
dha lahore phase 1 25 years back and now it's worth 80 million and he only paid 25 lakh for it .no business would give that kind of result in Pakistan other then real estate.thats why u see alot of common people investing in files rather then plot or home.as living in Usa for 20 plus years and working for a multinational firm as a civil engineer , we r seeing some big investment coming to Pakistan , not an aid but real on ground investment ...not only from China but also from few European countries and as well as Usa after elections next year .the reality of pakistan is so weird that it even surprised economists like you ..all the best

ALOO3 replied on Friday, May 22, 2015 02:06 PM PST 

PAL KI KHABAR NAHEEN TUM 6 YRS KI BAAT KARTE HO , LIFE IS TOO SHORT AND WE SELL WHEN IT IS NEEDED REST GOD KNOWS
MOREOVER I BELIEVE IN EACH PENNY BEING GIVEN COMES FROM GOD ALMIGHTY GOOD OR BAD UR FATE UR LUCK MAN PROPOSES ONLY HAVE FIRM BELIEF IN GOD AMEEN
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(64491)
Friday, May 22, 2015 09:56 AM PST 
Commercial Property

Dear CMY.
I need your help to make a decision for commercial 4 or 8 Marla commercial plot to make plaza for running monthly income.
Witch area are good for feature ? As for income and growth? I have budget nearly 6. Hope to see your guidance with thanks. Others property experience man may also guide.

zafar ahmed replied on Friday, May 22, 2015 11:30 AM PST 

Time frame is with two to theee year for plaza.
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(64490)
Friday, May 22, 2015 09:56 AM PST 
Commercial Property

Dear CMY.
I need your help to make a decision for commercial 4 or 8 Marla commercial plot to make plaza for running monthly income.
Witch area are good for feature ? As for income and growth? I have budget nearly 6. Hope to see your guidance with thanks. Others property experience man may also guide.

CMY replied on Friday, May 22, 2015 10:10 AM PST 

Zafar sahib how much time you can wait for construction.

zafar ahmed replied on Friday, May 22, 2015 11:26 AM PST 

One to two years but not more than three years. I wish to inhance monthly income.
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(64489)
Friday, May 22, 2015 07:47 AM PST 
PH-9 2 Kanal price before balloting

Anybody know what was the price of 2 kanal plot close to Golf Ground before balloting cuz as far as I remember I had no knowledge that there will be a cutting of 2 Kanal in Phase9.

Shakil replied on Friday, May 22, 2015 08:04 AM PST 

CMY Saaaaaahib
Pls comments on Q371. I am waiting your response since yesterday.
I have holding power. But it's worth it or not. ?

CMY replied on Friday, May 22, 2015 09:32 AM PST 

Q371 is not a worst
location but its a bad one. Could hold if no money to buy better location. If can afford 10 to 15 lacs try to move to better location before Jan 2016.


I am sorry I dont have any energy left in me to answer 100s of location assessment questions.

My best friends are waiting for many days since ballot day to get my answers but I am unable to even send them a note I will get back to them.

==================================================
Disclaimer: No guarantee the Information provided here will only help you. Many predictions do go against me. Appraisal/evaluation or prices ranges we suggest are only our own personal opinion & anybody reading these should do his/her own thorough research of market before making any buying selling decisions. LRE will not be responsible for any losses to your & won't claim share from you gains from investments based on this info.

Choudry Mujahid Yasin
Direct Email: Info@LREPK.Com
LahoreRealEstate.Com

Shakil replied on Friday, May 22, 2015 11:43 AM PST 

CMY Saaaaaahib
Thaaaaaaaak you, Allah Bless you
Q371. I will hold, because next to Q371 is a private land, DHA will buy this in future.
This is close to Theme Park / school / college / comm. and close to main road and next to DHA Town. Maybe R sector will expand and then Q371 come in middle.
What you think ? Theses are positive points. ? This is a initial stage of ph 9 map. There
will be many change come slowly slowly. ???????????????????????????????
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(64488)
Friday, May 22, 2015 07:18 AM PST 
prices suggestion

No matter of demand and dupply and ground realities prices of phase 9 plots should be set that no plot be less than 60 for kanal as ppl even bought in 65 , similarly ten marla and 5 marla most worst location be kept at 27 , those who bought affidavit files in 24 , minimum value shd be 24 , only in this case plot owners and in long run dealers will win .

Imran replied on Friday, May 22, 2015 07:24 AM PST 

Agreed
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(64487)
Friday, May 22, 2015 05:41 AM PST 

Can some one guide me the way to DHA office phase 6 from askari 10 via ring road
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(64485)
Friday, May 22, 2015 05:21 AM PST 

Please evaluate following plots in Phase 9 Prism:

C 760
L 1286
J 2229

Thank you and appreciate your cooperation.

zakiAL replied on Friday, May 22, 2015 05:55 AM PST 

You should have sold your
files before balloting. Now your plots are worth less than the file price before balloting. There are 10000 plots and no customers.

asad replied on Friday, May 22, 2015 05:59 AM PST 

zakial
prices of plot will be more than file price . be wise , do not become prey who want to full their inventory again . u missed cmy post of today ??
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(64483)
Friday, May 22, 2015 04:56 AM PST 
CCA2

What does CCA2 stands for?
Can anyone help!
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(64482)
Friday, May 22, 2015 04:51 AM PST 
different person using my name , do not consider any stupidity from me

stop using my name or similar names . :flg

Raaj Sullu replied on Friday, May 22, 2015 05:12 AM PST 

Dude! Get it register!!!!!!
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(64478)
Friday, May 22, 2015 03:14 AM PST 
Assessment/ Evaluation

Dear CMY,
I would be obliged if you evaluate my two plots ie C 685 and C 687 in DHA Ph 9 prism.Just missed a figure to make a pair.

Any other friend can also put me wise by evaluating my above mentioned plots.
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(64477)
Friday, May 22, 2015 03:13 AM PST 

DEAR CMY SB AOA
I ve been following your analysis for quite some time, just want ask an investment related question if you have time I know how busy you are nowadays. I have been allocated plot on 150 feet Boulevard in Sector D i-e 213. I want to keep it for the investment purpose but my friends are suggesting to sell my plot and buy 3 x files in DHA Multan how you see this option... which option wins the race in 4-5 years time.
Profound Regards
Many Thnx and JAZAKULLAH
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(64476)
Friday, May 22, 2015 02:53 AM PST 
Block M, Phase 9

Greetings! Gentlemen what is your view in general on block M of a Phase 9.

Is the value of Block M low due to Anmol Society and Buller village or because it is farther away from the entry and exit points into this phase.
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(64475)
Friday, May 22, 2015 02:26 AM PST 

Here is the formula:

Calculate ur total points according to given description:

Facing park...+2
near park....+1
150 ft road...+2
120 ft road...+1
corner....+2
good approach to 150 ft road...+2
Near LRR...+1
near CZ1/CZ2/CZ3....+2
near theme park....+2

very near drain...-3
near drain....-2
near village....-2
facing village...-3
near boundary...-2
boundary...-3
facing graveyard...-3
near graveyard....-1
facing water works...-1
facing commercial...-1 (maybe)
facing mosque...-1 ( maybe)

then suppose dc value is 65 lac, then
value of ur plot= 65 lac + points * 2 lac

For example, if you got +8 points, means ur plot price is 65+8*2= 81 without development charges


I am not a property dealer, I have devised this formula to help others only. You may agree/disagree or come up with the suggestions to modify it ....

M Ali Hafeez replied on Friday, May 22, 2015 02:31 AM PST 

Good job

XyZ replied on Friday, May 22, 2015 02:42 AM PST 

Sir you should start this business as you have better brain then most of dealer.

Forg Khan replied on Friday, May 22, 2015 02:43 AM PST 

Facing park...+2
120 ft road...+1
corner....+2
good approach to 150 ft road...+2
Near LRR...+1

Based on that formula I get +8 points for B-837 :)

assess_at_ur_own replied on Friday, May 22, 2015 02:48 AM PST 

@ XyZ thanks....some credit to CMY too

@ Forg Khan...lucky one !!!

AZ replied on Friday, May 22, 2015 02:52 AM PST 

Logical

assess_at_ur_own replied on Friday, May 22, 2015 03:04 AM PST 

near corner ....+1
facing golf club...+3
near golf club...+2
near polo club...+2
etc etc....

syed shoaibb replied on Friday, May 22, 2015 04:01 AM PST 

which mauza k block have and what its dc rate ?? :P

assess_at_ur_own replied on Friday, May 22, 2015 04:35 AM PST 

whateva one likes!!!! demand n supply chain !!!
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