Lahore Real Estate Forum

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(61460)
Thursday, April 30, 2015 03:07 AM PST 
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(61459)
Thursday, April 30, 2015 02:12 AM PST 
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(61458)
Thursday, April 30, 2015 01:37 AM PST 

CMY Sb, AoA, very good service from you for the benefit of many investors and real estate audience.

I would like your expert opinion on investing about 3 crore rupees in the DHA Lahore market. Which of the below options would you recommend for the maximum gain potential in the 3-5 year time horizon.

- Phase 9, 8M commercial file
- Phase 9, 4M commercial file and 1/2 Phase 9 1K residential files
- 1K plots in Phase 7 (sector W or R)and Phase 9 residential files
- Phase 5M 1K plot and Phase 9 residential files

Many thanks
Azam Jamal

Ashfaq Khan replied on Thursday, April 30, 2015 02:11 AM PST 

Go for 8 marla commercial file in DHA 9. Insha Allah

CMY replied on Friday, April 17, 2015 08:09 AM PST

What is your professional outlook about DHA 9 Commercial 8 marla
files???

Ans:
To date I have not seen any body that invested in DHA Lahore commercials for 1 year or more loose a single rupee of his investment. My 12 experience have shown me if one could have large budget he should only go for biggest size commercial plots available in his budget instead on many residential plots. I have seen people that invested in commercial plots have always gained more than twice on their invested compared to same amount invested in residential plots. To be honest I my self was not an advocate of commercial plots due to their higher prices but over the time I saw commercial plots kept gaining many folds even when market was generally very dull. Perhaps very few available commercial plots and sold wealthy long term holders make their prices only rise and rise upward. Even during fall in real estate market wealthy holders of commercial plots never sold these plots panic and need. They sold their lower priced lower sized plots 1st.

Based on & observing closely 100s of deals in DHA Lahore I would say its always wise to buy several smallest size residential plots instead of one larger size residential plot. At the same time one must always try his best to buy largest available size in his budget instead of buying two smaller commercial plots.
Now you asked me about 8 marla commercial plot in DHA Lahore. If possible please go for 8 marla commercial plot instead of 4 marla if your budget allows you. Currently DHA phase 9 8 marla commercial is better value based on price comparison. Do keep in mind 4 marla plots are not large enough for any good office or restaurant etc. 8 marla commercial plots are also in lower numbers and averagely rented by bank or multi nationals so their rents are much higher than 4 marlas due to their larger sizes and better location. When it comes to construction 8 marla also wins here. Cost of designing and construction is lot less than if you construct 1 8 marla instead of two 4 marla commercial plots.

Do keep in mind 8 marla plots are mostly allotted to highest ranked Gen Lt Gen and Brig etc so in each phase DHA Lahore phase 8 marla commercial plots are always on prime location only. Their ballot is done more fairly than too because each Gen want the best location 8 marla plot :). Their ballot is done more fairly because risk of wealthy plot owner can more easily challenge protest ballot results if they are unfair :). People who saw the map of DHA Lahore phase 9 are saying 95% 8 marla commercial plots are on a huge main boulevard, I dont know how much I can trust this info until I personally see the map. But I told you all I know about DHA Lahore phase 9 Lahore. My request If you hold one hold it tight and dont sell at their strong rise as lot of room to grow and in very short time. If have budget available dont deley the purchase as you will be paying more with each day waiting. Very very very few sellers in market for commercial plots of 4 or 8 marla in DHA Lahore. Extremely hard to find even one plot when we get a buyer.


Choudry Mujahid Yasin ( CMY )
Lahore Real Estate
Info@LREPK.Com

SNK replied on Thursday, April 30, 2015 03:21 PM PST 

at what stage it is feasible to sell plot at phase 9 and where to reinvest.
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(61456)
Thursday, April 30, 2015 12:47 AM PST 
Defence Golf Raya

This info below I got from net
Can someone update what is updated status, and what are rates at the moment especially resale market and what about Plaza and Commercials in this area.

Defence Raya Golf and Country Club
The Defence Housing Authority (DHA) is a renowned name in the real estate world and never fails to surprise with its developments. Its most recent project is Pakistan’s new world-class 18-hole golf course and an attachedesidential community, which is nothing short of awe-inspiring. Today, we will take a closer look at the Defence Raya Golf Resort.
Defence Raya has been constructed with luxury in mind. It is a joint venture between DHA Lahore and Bandar Raya Developments Berhad (BRDB), a Malaysian developer with a strong track record for creating luxurious, high-quality homes.
Location
Pakistan’s first golf resort and housing community is situated in the Phase 6 area of DHA Lahore. It consists of an international standard 18-hole golf course, which sprawls over 400 acres. The area includes beautifully designed luxury homes, a golf and country club, a business center, and a retail center to meet all the demands of the modern consumer.
Variety of Houses
Defence Raya has 10 marla and one and two kanal villas. he 10 marla houses offer a modern take on resort living and are perfect for young families. These houses include four bedrooms, two living rooms, one servant quarter, and parking space for two cars.
The one kanal villas are ideal for families with three to four children. They feature five bedrooms with attached bathrooms, two living and dining rooms, a work area, study rooms, one servant quarter, and space for four cars.
The two kanal villas are large, luxury residences that even have enough space for your extended family. These properties have six bedrooms with attached dressing rooms and bathrooms, two living rooms, dining halls, study rooms, a sundeck and outdoor dining area, two servant quarters, and space for six cars.
Defence Raya also features Concordia condominiums, which also have a strong emphasis on luxury. These 21-storey twin towers have 96 living units in total. These range from 2275 square feet to 4600 square feet. Each tower has a 10,000 square foot penthouse.
Commercial Plaza
This shopping area consists of three individual plazas with areas ranging from 6210 square feet to 8120 square feet. The structure is energy efficient and has a large parking area to avoid any traffic congestion. Overall, it is a pleasant shopping environment, with designer boutiques, cafes, restaurants, banks, office space, and supermarkets. Golf & Country Club

This golf course is any golfer’s ultimate dream, as it has been designed the internationally-renowned landscapers, Nelson & Haworth. It features pristine lakes and other water installations, which create a relaxing and beautiful environment to play golf.

aftab replied on Thursday, April 30, 2015 01:10 AM PST 

Now days, few investor for their personnel gains and vested interests creates hype in market by comparing Phase -7 with Phase 9 or Ivy Green (Phase 8 Z Block) and then gives logics that phase-7 investment is below par in comparison with phase-9 and Ivy Green (Phase 8 Z Block). I recently visited phase-7 and observed that a number of houses are being constructed and within few years it will be at par with phase-5. People say that those plots which are located closure to drain are not good plots. As per my knowledge, only few plots which are located close to boundary line will be affected, however, DHA plans to cover the negative effects of drain by covering it. Therefore, it will have negligible effects even on plots which are located on outer parameter. One must understand that phase- 7 is attached to main DHA, unlike some other isolated phases and blocks. A number of public sector development projects are being developed in Phase 7, e.g. universities, Knowledge Park, hospitals, golf course etc. DHA has left about 600 ft wide space on the bank of BRB canal to establish beautiful park in future. My sincere advice to all those who intend to buy a plot or file to please visit personally to a place / phase /area before spending your hard earned money

saima replied on Thursday, April 30, 2015 01:36 AM PST 

jameei its open concept,no gates no boundries,do u think one can live safely like this in pakistan?this living style is in foreign countries,people there use security systems mostly to protect against chori daaka,

Jameel replied on Thursday, April 30, 2015 05:08 AM PST 

I did not recently visit that area, But I consider it as a "Gem" in DHA 6,7 area, I am more interested in Commercial activities and Shopping plaza which was advertised before.
For houses I don't favor at this stage due to quite high
prices but there are good number of houses, soon they will be available in open market for resale let us see what price they hit.
Once people start living there there will be good security
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(61455)
Thursday, April 30, 2015 12:46 AM PST 

Ad Type
City
Scheme
Phase
Block
Size
Wanted
Lahore
DHA
Phase 7
Any
10 Marla
Dear LRE Team,
Do you have 10 marla plots in DHA Phase 7 ? If yes, what are plot numbers and price of these plots?

Lahore Real Estate replied on Thursday, April 30, 2015 05:30 PM PST 

Dear Sir,
Kindly check following options

Y 4107 @ 51 lacs
Y 3784 @ 55 Lacs

For more option
contact

Hassan Raza
Lahore Real Estat
+923028449766
Email:iNFO@LREPK.Com
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(61453)
Wednesday, April 29, 2015 11:52 PM PST 
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(61452)
Wednesday, April 29, 2015 11:31 PM PST 
Phase 8 U

Dear,

Can you assess the current worth of Phase 8 549 U.

Thanks :h

Lahore Real Estate replied on Thursday, April 30, 2015 01:46 PM PST 

Dear sir
Dha Lahore Phase 8 549@115 Lacs Worth
Mian Rashid
03028409967
Lahore Real Estate
Info@lrepk.com
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(61450)
Wednesday, April 29, 2015 09:30 PM PST 
DHA Phase 7

Dear Forum Members

These days, there is lot of discussion about DHA Phase 7 and its comparison with Phase 9 or Ivy Green (Phase 8 Z Block). People are entitled to their views but I just want to highlight some real positive points of Phase 7.

1. Phase 7 is attached to proper DHA, unlike some other isolated Blocks or phases with no proper access.
2. Phase 7 has excellent development, the best so far, as is the tradition of DHA. Future DHA phases may be better than Phase 7 but so far Phase 7 is the best.

3. All internal roads of Phase 7 are of minimum 50 ft wide.

4. Phase 7 has several good links from several sides (from Phase 6, from Barki Road, from Bedian Road.

5. There are many public sector development projects located in Phase 7, e.g. universities, knowledge park, hospitals, golf course.

6. Another positive thing which many people have not realized yet is that Phase 7 is touching the beautiful BRB canal. DHA has left about 600 ft wide space on the bank of BRB canal. This could be a long and beautiful park in future.

This list can go on and on, but I leave this here, just for you to makeup your own mind, before making any investment in Phase 7 or any other development.

Regards

Sheru replied on Wednesday, April 29, 2015 10:29 PM PST 

I hundred percent agree! Although I don't have an investment in phase 7 yet, I have physically visited the place. I drove from X block (lower cutting) to the airport. Golf course was a minute's drive. Phase 6 main chowk (dividing it from phase 8) is 5 minutes and airport is 12/13 minutes. I am not sure what the misconception is all about. I would seriously consider buying in phase 7 if one wants to construct in the next 5 years. Excellent
location plots are half phase 6 price with all phase 6 benefits.

CMY replied on Wednesday, April 29, 2015 11:15 PM PST 

Sunny sahib all excellent points I agree with each valid point. Great input.

Jameel replied on Wednesday, April 29, 2015 11:27 PM PST 

I agree with Sunny, phase 7 and 6 are merely connected and as per CMY also they are same Continuous phase, It already have possession and soon there will be good number of beautiful houses there.
The only thing is it IVY green is new Product with a bit different characteristics like more 5 merla plots and less Kanal plots, similarly all most 10 merla plots in DHA 7 [mainly Parkeview
Files relocation] are near Boundary but ivy green have many good Location 10 merla plots as well, Because of recent ballot it is bit under priced so people are discussing it more. If Ivy green is good then it does not mean DHA 7 is Bad, DHA 7's Kanal and Good Location 10 merla are Better than ivy green that is why these are 130 Lac and 75 Lac Bracket respectively. IVy gree have best choice for 5 merla and 10 merla but not for Kanal. To me IVY green 5 merla future will be comparable with the DHA Town and it have lot potential of growth.
Phase 8 proper I would say that it has disappointed me in all respects except it is fact that That I can exit selling my Plot in 130 Lac which I bought in 48 Lac 4 ys back and that is fact.
Phase 9 I would not comment as I am not investor there and I don't want to undermine others investments. I wish it should be balloted soon as 12 years waiting is too much.

info replied on Wednesday, April 29, 2015 11:34 PM PST 

I agree with Sunny, in fact I'm just surprised of several misconceptions; for example having digit 8 attached to a phase increases its price for no reason as cmy said that IVY should have been phase 12.

I have lived most of my life in cantonment area and find no difference in phase 6 or 7 as far as
location is concerned but just surprised at how people think and analyze.

info replied on Wednesday, April 29, 2015 11:38 PM PST 

Agreed with Jameel in fact that's what I think about phase 8 proper as well as the best located land there is still with the public sector dairy farm behind park view.
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(61449)
Wednesday, April 29, 2015 08:00 PM PST 
Future of dha valley islamabas

Ad Type
City
For Sale
Islamabad
Slam to all plz update about dha valley islamabad is it a lost investment as since 2010 after ballot no possession what is future of it regards

hassan ali replied on Wednesday, April 29, 2015 10:07 PM PST 

I also want to know about dha valley islamabad s future. Plz any one can let us know that what is going on with this project.

buy123 replied on Wednesday, April 29, 2015 11:49 PM PST 

CMY just discussed abt it this morning...read below
-------------------------------------------------------------


CMY replied on Wednesday, April 29, 2015 11:14 AM PST

In DHA Valley Islamabad close to 250 thousand people got effected including military men. Too much work going on in back ground to fix the mess. May take some time but will get fixed. Gen Raheel Sharif and GHQ aware and working to find acceptable solution for it. All you can do is wait.

I can say any thing more on it. I have limitation how far I can share all this here. I hope you understand my position.


Just to make it 100% clear I am proud to say we at Lahore Estate never recommended it to any one. We told every one here many many times BEFORE actual booking who was actually behind it. We never booked single plot for us or any of our clients or bought or sold any plot here. We did provide
prices updates just after booking for a while to help people know true worth for making a huge mistake to book here.

Choudry Mujahid Yasin ( CMY )
Info@LREPK.Com

M replied on Thursday, April 30, 2015 01:31 AM PST 

I heard the same that DHA will find some solution. So not dead but surely slow.

wj replied on Thursday, April 30, 2015 06:01 AM PST 

I also have a plot in DHA Valley - bought recently in Bluebell block.. if you plot is in block with land in DHA possession and you can hold than its reasonable investment - not the best I will say as delivery time is unknown...

thanks

wj
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(61448)
Wednesday, April 29, 2015 07:03 PM PST 
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(61446)
Wednesday, April 29, 2015 05:03 PM PST 

Dear CMY Sb., LRE and other group members

I can arrange around Rs 2.5 million for investment in real estate.

My target is basically to make some sort of investment for now but with an ultimate objective of having a developed 10 marla plot in say 5-6 years time when I can start building a house.

I have been following this forum for last one month and have identified following options:

Option 1: Purchase 10 marla file in phase-9 extension or 5 marla in phase-9 proper. But in both development in next 5-6 years looks doubtful especially in phase-9 extension.

Option 2: Purchase two 5 marla or one 10 marla plot in NFC Phase-2 and hope for place to be livable in 5-7 years. At present it is too far from central Lahore.

Options 3: Invest in DHA Rahber phase-3 but again development time will be an issue.

I would like to have an advice on what is the best approach to have a ready to build 10 marla plot in 5-7 years time (while restricting to secure investments like DHA )


Appreciate your advice.
Best regards

ABCD replied on Wednesday, April 29, 2015 05:05 PM PST 

Any New About Phase 7 Y Block Possession.

Shahid replied on Wednesday, April 29, 2015 05:35 PM PST 

Dear CMY sb,

wishing for your best health in coming short time.
where you see
prices of 5 marla phase 9 before ballot?

arif replied on Wednesday, April 29, 2015 06:14 PM PST 

Add 1 million to your current budget and buy 5 marla in statelife phase 1
OR
Invest 2.5 mil in any good option for 2-3 years and then you can move to state life phase 1, hoping that you will have earned more from your investment as compared to price increase in statelife phase 1.

Note, I am not an expert. Just a suggestion that quickly came to my mind.
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(61444)
Wednesday, April 29, 2015 03:53 PM PST 
Any documentation for balloting of DHA phase 9?

Ad Type
City
Scheme
Phase
For Sale
lahore
DHA
9
AOA Dear CMY sahib,

I have 3 files of DHA phase 9 (5 Marla). Do i need to submit any documents to DHA for balloting purposes? I also have their allocation letters with me..

Waiting for your reply

CMY replied on Wednesday, April 29, 2015 11:27 PM PST 

If you have allocation letter with you. 99% chance you dont need any thing else to do. You can send us your info at this form form >>>>>> Ballot Ready <<< and we can check them free of cost to you from DHA office. No harm in double checking them.


Choudry Mujahid Yasin ( CMY )
Info@LREPK.Com
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(61443)
Wednesday, April 29, 2015 02:17 PM PST 
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(61441)
Wednesday, April 29, 2015 12:05 PM PST 
DHA Phase 8 Assessment of plot

LRE, Please evaluate W-824 Phase 8 for present worth. Moreover it will be facing commercial or its back will be towards commercial. Thanks

Lahore Real Estate replied on Wednesday, April 29, 2015 01:15 PM PST 

Dear sir
Dha Lahore Phase 8 worth W 824@170 Lacs
Mian Rashid
03028409967
Lahore Real Estate
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