Lahore Real Estate Forum

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(55588)
Tuesday, December 4, 2012 03:06 AM PST 

Hi All,

I have a general question regarding Property prices in Pakistan.

What do you think about the impact of coming up elections in Pakistan on the property prices? What are the possible scenarios?

Thanks,
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(55587)
Tuesday, December 4, 2012 03:06 AM PST 

Hi All,

I have a general question regarding Property prices in Pakistan.

What do you think about the impact of coming up elections in Pakistan on the property prices? What are the possible scenarios?

Thanks,
>
(55586)
Tuesday, December 4, 2012 02:05 AM PST 
>
(55585)
Tuesday, December 4, 2012 12:22 AM PST 
Location

Ad Type
City
Scheme
Phase
Cur. Rate
Lahore
BOR
2
If some body know the location of phase-2 of the Punjab Board of Revenue Housing Society(BOR)?
Please intimate the current price.
Thanks
>
(55584)
Monday, December 3, 2012 08:37 PM PST 

Dear Brothers and Property Experts,
How do you see the furure of Central Park in 3-5 years?
Regards
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(55583)
Monday, December 3, 2012 07:59 PM PST 
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(55581)
Monday, December 3, 2012 06:38 PM PST 

Dear Salman / LRE Team.

Kindly let me know the current market value of DHA Phase 7 Plot Nos Z(II)-1548 and Y-1083.

Thanks in advance.

Warm regards,
Chaudhry.
>
(55580)
Monday, December 3, 2012 05:15 PM PST 
Lahore DHA Phase 7 Plots For Sale

DHA Lahore Phase 7 Plots For Sale

DHA Lahore Phase 7 Near P 707 @ 70 IK
DHA Lahore Phase 7 Near P799 @ 60
DHA Lahore Phase 7 Near P 98 @ 78
DHA Lahore Phase 7 Near P 310 @ 70
DHA Lahore Phase 7 Near Q109 @ 68
DHA Lahore Phase 7 Near Q1079/10 @ 56
DHA Lahore Phase 7 Near Q1085 @ 62
DHA Lahore Phase 7 Near Q436 @ 57
DHA Lahore Phase 7 Near Q230 @ 66
DHA Lahore Phase 7 Near R511 @ 68 corner
DHA Lahore Phase 7 Near R380 @ 68
DHA Lahore Phase 7 Near R303 @ 75
DHA Lahore Phase 7 Near R 333 @ 77
DHA Lahore Phase 7 Near R441 @ 64
DHA Lahore Phase 7 Near S880 @ 72
DHA Lahore Phase 7 Near S490 @ 70
DHA Lahore Phase 7 Near S 690 @ 71
DHA Lahore Phase 7 Near S 230 @ 70
DHA Lahore Phase 7 Near S 1016 @ 72
DHA Lahore Phase 7 Near T 729 @ 60
DHA Lahore Phase 7 Near T 806 @ 60
DHA Lahore Phase 7 Near T 204 @ 65
DHA Lahore Phase 7 Near T 264 @ 68
DHA Lahore Phase 7 Near U 355 @ 68
DHA Lahore Phase 7 Near U 184 @ 68
DHA Lahore Phase 7 Near U 1613 @ 140
DHA Lahore Phase 7 Near U 1429 @ 65 100 feet road
DHA Lahore Phase 7 Near U 240 @ 67
DHA Lahore Phase 7 Near U 117 @ 80
DHA Lahore Phase 7 Near V 999 @ 82 corner facing park
DHA Lahore Phase 7 Near V 1063 @ 68
DHA Lahore Phase 7 Near V 135 @ 66
DHA Lahore Phase 7 Near V 553 @ 64
DHA Lahore Phase 7 Near W 440 @ 85 corner 150 feet road
DHA Lahore Phase 7 Near W 45 @ 85
DHA Lahore Phase 7 Near W 796 @ 77
DHA Lahore Phase 7 Near W 1103 @ 76
DHA Lahore Phase 7 Near W 333 @ 76
DHA Lahore Phase 7 Near X 1379 @ 145 corner
DHA Lahore Phase 7 Near X 16 @ 82
DHA Lahore Phase 7 Near X 624 @ 68
DHA Lahore Phase 7 Near X 1538 @ 50
DHA Lahore Phase 7 Near X 330 @ 85
DHA Lahore Phase 7 Near X 1063 @ 63 pair
DHA Lahore Phase 7 Near Y 1134 @ 70
DHA Lahore Phase 7 Near Y 3223 @ 59
DHA Lahore Phase 7 Near Y 1216 @ 65
DHA Lahore Phase 7 Near Y 1620 @ 63
DHA Lahore Phase 7 Near Y 1805 @ 51
DHA Lahore Phase 7 Near Z 78 @ 75
DHA Lahore Phase 7 Near Z 1669 @ 50
DHA Lahore Phase 7 Near Z 80 @ 75
DHA Lahore Phase 7 Near Z 42+99 @ 155 pair

Contact Person: Hassan Raza Cell: +92-302-8449766
Lahore Real Estate
hassan@lrepk.com
Phone: 042-35692420 Upto 23
UAN: 111-111-040
:forsale: :forsale:
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(55579)
Monday, December 3, 2012 04:26 PM PST 

I bought a plot in DHA Lhr fot PKR.5700,000/- in 2007 when US $ was equal to PKR.60/- Now, after 5 years it is worth PKR.8200,000/- when US $ is = PKR.96/- I have lost instead of gaining some profit in investing in property. Why should people invest in property? Any wise answer please?

MA replied on Monday, December 3, 2012 04:38 PM PST 

Its an investment with the risk of going down (especialy after adjustement of inflation). 2007 was not a lucky year as the worldwide recession started afterwards and in many parts of the world, peopel are still not able to recover from losses.

RAS, Saudi Arabia replied on Monday, December 3, 2012 04:51 PM PST 

Now the time has gone to invest in property. People don't have money for their necessaities how they will buy and sell the property of high
prices. A particular group who raised property has already got the benefits and is now out of picture but the property prices are still as high as before and I do not think any progress in this line anymore in near future. Property prices are like the story of buying monkeys and after selling monkeys they run away and the people who bought monkeys from them had nothing left but to repent only.

The best thing is to invest in business like small industires similar to the one China has given incentives to its people to open small industires at their homes without any tax and other complications of unnecessary approvals. It is only possible when we have any God fearing government.

We just pray and wait for the good time to come. May Allah Almight give us strong Emaan to believe on Him - Aameen.

Good luck my beloved country.

Wi replied on Monday, December 3, 2012 05:08 PM PST 

I think it's all about timing

Wi replied on Monday, December 3, 2012 05:36 PM PST 

I bought Wapda Town 1K plot in 2003 at Rs 1,600,000/= and dollar rate was $= Rs56, so my investment in dollar term was $28571/= (1600000/56).Current price of plot is Rs 7m and dollar rate is $=96, so my latest investment values is $72916/= (7000000/96).

An increase in dollar term by 2.55 times or 255%.

I think it’s all about timing. Overall investment in property is considered good when inflation is everywhere in the world.

Remember property is hedge against inflation.

Khan replied on Monday, December 3, 2012 05:45 PM PST 

Dear Overseas,

Actually, it is matter of timings and most importantly how do you look different options to invest. For example, I do not evaluate any other option while investing in DHA. During 2010-11, I invested Rs 19.6 million in DHA (83% was invested during Jan-Aug 2012) and now by the grace of Allah the Almighty, its present worth is Rs. 36.1 million and still there is room to grow, In-sha-Allah. I am quit satisfied with investment in DHA.

Khan replied on Monday, December 3, 2012 05:49 PM PST 

Correction Jan-Aug 2012 = Jan-Aug 2011

Sheikh Ghunaim Ahmed replied on Monday, December 3, 2012 06:24 PM PST 

Dear Overseas,
You have bought the plot its fine, but look at your present worth or did you evalaue the plot as at today must have gained. any its tangable asset for you. And that is your FX gain/loss, but you have in the shape of land which has always appreciation. or take it to other way around, for instance what about if you had dollar a/c, in that context again you have to make FX gain/loss. So doesn't make big difference my friend. cheerup.

Adnan replied on Monday, December 3, 2012 06:31 PM PST 

I bought phase 9 file 1 year ago at 14.75 lacs, dollar was 88, now the file is 33 lacs plus, dollar is 96, I gained 17000 dollars, similarly, I bought a plot in X block last year at 34.50 lacs, today is 62 lacs, I gained 25000 dollars plus. Timing has to be perfect. If you buy a ready plot today, its price will go up slowly with inflation and rise in population, which will erode the value in time as Pakistani currency is very unstable and loses value quickly. For example, people who buy phase 9 file today will not make as much money unless they get a super
location after ballot. On the other hand, if you buy a plot in NFC 2 today, the price is very low and development work is in full swing, I believe the price will double in two years or less.

Ehtesham replied on Monday, December 3, 2012 06:47 PM PST 

I also share the same predicament as overseas and reluctant to convert USD to buy a plot/file considering the recent free fall of the rupee.

However, gauging from a medium to long-term perspective, property investment is the right way forward and as rightly said the timing has to be right. Now, if I gain courage to come forward and convert USD to purchase in DHA, what would be the best pick?

rana replied on Monday, December 3, 2012 10:26 PM PST 

As I understand it, no investment moves up in a straight-line fashion. Folks that are seeing a gain right now may see a loss over a short window and then a gain. One can look at any stock chart with long term upward trends and still notice that there were down windows. One thing is certain that over the long run comprising 10-15 years, real estate should gain in value unless the initial purchase was made at the time of a bubble.

CRT replied on Monday, December 3, 2012 11:58 PM PST 

I agree with Rana. One more point is regarding timing. For a common man timing is always going to be a guess. Even most experienced cant decide whether a peak has peaked yet and trough has been reached. So my theory is look at value ( not price) and consider real estate a long term option.

MK replied on Tuesday, December 4, 2012 12:00 AM PST 

Hope for Marshal Law, currency will get strengthened again and every one will be profited as before.

Commoner replied on Tuesday, December 4, 2012 02:18 AM PST 

@MK

It depand on outside support. Without external support, it would be very difficult for amry to control this divided nation. May Allah save our country from another division. First strengthen your country, currency will automatically become strong.
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(55578)
Monday, December 3, 2012 02:09 PM PST 
10 M PLOT IN NAZ TOWN LAHORE FOR SALE

Ad Type
City
Scheme
Block
Size
Demand(Rs)
For Sale
LAHORE
NAZ TOWN
B-BLOCK
10 M
1,300,000
12 Marla Plot in Naz Town Lahore (Adjacent to Valancial Town) for immediate sale.

Or anybody wants to exchange with Valancial, Wapda, or other nearby societies, I will pay the difference.

Price: Rs. 1,300,000 (Negotiable).

Naz Town replied on Monday, December 3, 2012 02:30 PM PST 

I heard there is serious litigation in Naz Town. Buyers are cautioned to double check any issues before buying.

Riaz replied on Monday, December 3, 2012 03:49 PM PST 

I do not think there is anything like that as this is not a new society. This as old as Valancia and Wapda. I myself had bought this plot 30 years back.

I just recently got my INTIQAAL documents renewed by Patwari and ALHAMDULILLAH there is no problem in my plot. Naz Town Administration is also sitting in the society and if anyboyd has any doubt he can go to them for further clarification.

Thank you;

Javed replied on Monday, December 3, 2012 06:34 PM PST 

Dear Riaz, if every thing is fine, then why you want to shift across the road to wapda or Valancia !!!!!!

Do,nt you think that double registry and qabza mafia is highly active their.Surprisingly low rates also make it suspecious.

Riaz replied on Monday, December 3, 2012 08:05 PM PST 

Dear Javed, thanks for your comments. In fact, Naz Town is not developed properly. Roads are narrow and residential atmosphere is not like Valancia or Wapda. I need to build house now and decided to move any other society where roads are good and living atmosphere is better than Naz Town.

Ahmad replied on Monday, December 3, 2012 10:05 PM PST 

In our culture honesty is seldom appreciated. The poor guy has merely placed an advertisement and "awam" has jumped in criticizing for no reason. My cousine has recently bought plot in Naz Town and he is pretty satisfied with it.

A joke suits for raw commentors:

A person was eating goal gapay. A marasi passes by and asks "Baho jee khata dalwa lo phir maza aaye gha". mama kha koi raha hay aur .................

Not so fast replied on Tuesday, December 4, 2012 01:34 AM PST 

:)

By your own definiton and joke you acted like a marasi by jumping in a serious discussion with your goal gapay.

It is important to discuss the pros and cons. The potential buyers have rigth to be skeptical and ask questions. If someone cautioned buyers about litigation that is good too. Mr. Riaz seem very decent person and he has answered the questions very politely, even thanked people who asked questions or objected. But you are the one who acted like the joke you mentioned.

If your brother is satisfied that does not mean every plot in Naz Town is litigation free, does it?

Riaz replied on Tuesday, December 4, 2012 11:53 AM PST 

I appreciate the comments from "Not So Fast". If anyone can guide me truly what is the market rate of 10 M plot in B-Block of this society so that I could determine the final price and make final deal with interested brothers who have approached me to buy.

Thanks;

tabi replied on Thursday, December 6, 2012 09:17 AM PST 

I think its rite price u mentioned 13lac 50thouand up or down, but I recommend not to sale. KSA recently acquired it and expected to change its look in a couple of years. The other point I have in my mind is u can not even buy 5 marla plot out of this money. Better if ur plot is not disputed. You just start construction and do the best new style construction out of the money rather waisting on this plot
location change. U can also buy a new plot in ido town for future investmen. They r also cheap n after connection of road development come closer like few min drive. I m sure in few years it ll be in better shape. Rest is ur personal decision.

tabi replied on Thursday, December 6, 2012 09:36 AM PST 

Sorry its LDA instead KSA, my mobile auto tying.

Ashraf replied on Sunday, September 8, 2013 06:29 AM PST 

Is it sold?
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(55577)
Monday, December 3, 2012 01:31 PM PST 
House Construction

Ad Type
City
For Sale
Lahore
Dear friends,

I am planning to start the house construction of my one kanal plot at phase-8 (ex parkview). Kindly guide me a good architect (with average fee) and please let me know the estimated map approval charges of cantt board & DHA

Thanks
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(55575)
Monday, December 3, 2012 04:26 AM PST 
1Kanal Phase9 file price before Balloting

Quick question to ask to CMY or any expert on DHA Phase 9 (1 Kanal) FILE :

Like CMY mentioned in his earlier post, 50 Lac is expected value for worst location plot after balloting, that would mean Rs.15 Lac of development charges included in that 50 Lac. So the actual value of plot to owner is Rs.35 Lac because owner's will be given Rs.35 lac after deduction of development charges of Rs.15 Lac regardless he/she has started paying installment of development charges or have paid in full.

Would it not be better & wise decision to sell the file before balloting if the rate of the File is around Rs.40 Lac before balloting?

Would appreciate your comments on this.
Thanks in advance.

Ahmad replied on Monday, December 3, 2012 06:35 AM PST 

This is a ongoing process. It depends what you want to do with money. If you sell around 40 there will certainly be buyers present. But 2 years from now, the new buyers become sellers until the area gets populated and families settle down. 40 is not a price to sell DHA-9. Aim minimum for 45. If it touches that level there are chances that price will come little bit down after ballot for bad
location plots. In my view, the real beneficiaries are those who bought file during last 18 months or those who will get good location plots like on main road, facing parks, and corner ones.

At the end, only Allah knows better. Saman 100 year ka pal ki khabar nahin :) ...

DHA 9 installment plot replied on Monday, December 3, 2012 03:53 PM PST 

My dear 50 Lac is price of worst plot. If you get among best plot worth 75 Lac or more, you get a profit of 25+ Lakh. For average plot you get profit of 15+ Lac.

God knows may be DHA will sell on installment at 85 Lac or 80 Lac. In DHA 8 when property was crashed they sold plots at 55 Lac on installments. At that time DHA 6 plots were available for 55 Lac. Now plots have gained 30 Lac. And
prices have doubled in some DHA phases and other schemes. So if DHA sells one kanal now on installment, they will sell for 85 Lac or minimum 75 Lac in light of current market conditions. The commercial plots of last ballot are now selling for as much as 2 Crore profit only after 18 months, so if DHA 9 one kanal plot is sold on 75 or 85 Lac on 3 years installments, there will be thousand of buyers willing to try their luck again. Amazingly just like DHA 8 those plots will also sell on premium.

Many people thought DHA 8 was expensive at 55 Lac on installments and now buying the same for 90 Lac on cash down payment. So DHA 9 should be sold on installments for 75 Lac or 85 Lac only, looking at prices in other phases of DHA. Even in DHA 9, 10 Marla plot on cash payment is sold for as high as 45 Lacs. So on installments price is usually 30% more.

Khan replied on Monday, December 3, 2012 06:23 PM PST 

Logical analysis....................................well done
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(55574)
Monday, December 3, 2012 03:56 AM PST 
Assesment of Price

Dear LRE Brothers,
Can you please share any expected date for Phase-7 P Block Possession?
also i need price assesment for plot around 230-P in Phase-7.

Regards

Hassazn Raza replied on Monday, December 3, 2012 05:31 PM PST 

Raza Sahib,
Your plot has worth of 73 Lacs.

Hassan RAza
03028449766
>
(55573)
Monday, December 3, 2012 02:28 AM PST 
best investment in Lhr?

Ad Type
City
Scheme
Phase
For Sale
lahore
DHA
7,9
Can you please guide regarding few things:

1- Best investment with 25 lac?

2- In dha phase-9, 5-marla and 10-marla expected balloting date?

3- In dha pahse-9, what will be the development charges of 5-marla and 10-marla?

4- from where will be the approach of dha pahse-9?

5- is dha phase-9 file a better investement or dha pahse-7, Y-block 5 or 10 marla plot with 25 lac budget?
>
(55572)
Sunday, December 2, 2012 07:50 PM PST 

Hi everyone,

First of all, I am very thankful to LRE team for keeping all of us updated about the progress in property. A person like me who had no idea about property is now updated with your help :-)

I am seeking suggestion from all respected members and visitors of this page about the Residential Apartments in Air Avenue, phase 8.

Today I visited the building and found out that 2 bed(5 Marla) apartments are between 38 - 45 and 3 Bed(almost 9.5 Marla) is of 70 - 80 Lac.

I have a budget which can accommodate the 2 bed apartment and considering my small family, I am looking for something small.

Before I proceed any further on this, I am seeking your input as whether I should buy the apartment or not considering it is in Phase 8 and may grow with the passage of time.

Please spare sometime in giving your advice on the reputation/development planning and future perspective of the Air Avenue Luxury Apartments.

Thanks in advance

Anon replied on Tuesday, March 26, 2013 07:51 AM PST 

I would not spend a penny on urban developer. it's been 5 years that i am waiting for apartment and the floor is not even ready
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(55570)
Sunday, December 2, 2012 06:14 PM PST 

Dear CMY
I have one plot at Umar Block (BT-LHE) corner, aprox 200 Sq yard (8M), # 634.
I really appreciate your advice on the below:
1) If I construct a two story house for small family (A quality) how much it will cost me with material and what will be best covered area.
2) What the current sale prices of my plot is in case of sold the same and buys one ready 8 / 10 Marla safari villa in good location and corner plot.

Awais replied on Monday, December 3, 2012 06:25 PM PST 

Dear Hussain Kaisrani Sahib
appreciated for your kind advise on above post. thanks

Hussain Kaisrani replied on Tuesday, December 4, 2012 12:56 AM PST 

Dear Awais,
Thanks for remembering me.
When you or some other friend specifically addresses CMY Sahib (USTAD WADDA) then people like me do not find it appropriate to reply the post.
1. The covered area would certainly depend upon your budget and family requirement. In my humble opinion, the covered area should be as standard construction in the area. It will also help to sell or rent out your home easily (if or whenever it is needed). In this situation the covered area should be around 3,300 sq.ft. (It also includes the mumpty and a small room on second floor which has been recently permitted by Bahria Town Lahore.
2. As I am not directly involve in sale purchase matter so I can only provide you an idea of the sale price of your plot. Please DO NOT depend on it. Your plot should be sold around Rs.25 Lac.

If you are in the position to construct your home by your own then it would be far better and economical than buying a Safari Villa. But living is Safari Villas is far better than any other block of Bahria Town.
Good Luck.
>
(55569)
Sunday, December 2, 2012 05:34 PM PST 

I have a question about phase 9
i am extremely confused whether the file i have, should i sell it before balloting or hold it.
need some solid and detailed advice with all the pros and cons.
would eally appreciate it.
thanks

Khan replied on Sunday, December 2, 2012 07:48 PM PST 

Read carefully the below mentioned comments given by CMY and decide yourself:

CMY replied on Friday, November 30, 2012 12:18 AM PST

Also many friends in email asked me what is expected price of
DHA Lahore phase 9 before ballot and after the ballot.

I am expecting DHA Lahore phase 9 to see 35 to 38 lacs price before the ballot. I am expecting the DHA phase 9 one kanal plots to sell from min 50 lacs for the worst locations to as high as 75 lacs for 150 feet road facing park or corner plots from day one of ballot.


Choudry Mujahid Yasin ( CMY )
Info@LREPK.Com

Malik replied on Sunday, December 2, 2012 09:28 PM PST 

@Khan/LRE can you confirm that development charges are included in that price 50/75 lacs?

Thank you

Khan replied on Sunday, December 2, 2012 11:07 PM PST 

Yes, estimated price includes development charges.
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