Lahore Real Estate Forum

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(53291)
Saturday, June 23, 2012 03:26 PM PST 
Phase ix poseession any time after 10 years :(

Dear All,
today ive personally seen the letter which is issued to Army personals regarding allotment of plots in Phase ix DHA lahore. The tregic part of it is that DHA has mentioned on the top that posession of the plot will not be earlier then 10 years :( the letter date is 15-4-12 so this mean 14-4-22 :((.
i am sure in 10 years time dollor will be double. My uncle who deals in peoperty told me that DHA/ Army has started this to discourage gambling of files/plots/spaculations :(

friend replied on Saturday, June 23, 2012 03:42 PM PST 

@Hassan.

You are talking about possession? i think development wont be completed in 10 years time.Phase 9 is the largest of all other phases.
phase 7 is not yet fully developed( only P,Q,R,S T,U)construction is going on in rest but its yet to be developed.
I just don't know why most of the people on this forum keep encouraging others regarding this phase being cheapest buy it or regret it kind of advise.

Info replied on Saturday, June 23, 2012 04:02 PM PST 

@Hassan and fried. Actually, we generally are very careless on time lines. If you see all the previous phases, it takes substantial time to develop. I have myself been a victim of this as i purchased a plot in P block Phase 7 when a board was installed by DHA in 2007 saying that P Block will be developed by May 2008 and it is yet to be developed. The board is still there and anyone can go and check this.

MS replied on Saturday, June 23, 2012 04:32 PM PST 

It will take years for a phase to be quite livable condition even after possession. DHA handed over possession of dha phase 6 in 2007 and after five years only around 900 to 1000 houses out of which half are completed and half in construction phase out of 8000 1 kanal plots.you have to go metro airport road or bedian road even to buy a bread.Peolpe are saying on this forum dha phase 8 will be ready in 2 to 3 years and will it will be populated even before dha phase 6.DHA phase 9 will be in livable condition at least 10 years.

Butt replied on Saturday, June 23, 2012 07:14 PM PST 

Dear MS
If someone open a sector shop in DHA-6 now i think it will be good business so no need to go resident to Metro or Badian road for shoping for daily needs items.

chandnichowk replied on Sunday, June 24, 2012 07:28 PM PST 

its funny that people actually took interest in ph 9 while everybody knows they will hardly get to live there before 15 yrs.

if one is to spend 26 on a file, why not get a 10 marla in developed phase of dha by adding a few more lacs.

Speculation + Greed is the formula of disaster

Salman replied on Monday, June 25, 2012 12:28 PM PST 

Is it really such a bad investment that you can get a 1 kanal livable plot for your child after 10 years in the price of a Honda Civic today? Will you be able to buy one at that time in that price? NO.
It is the best gift that you can give your child when he needs higher education

Hassan replied on Monday, June 25, 2012 01:36 PM PST 

@ all friends,
thr ROI (phase ix) is too low if we look at the maturity time. for easy understanding let me put it this way:
ten years ago gold price was 9000/ per tola @ current 58000/-
ten years ago dollor was 43 and @ current it is 96
the price of phase ix file is 26 excluding dev charges which mean even if it double (excluding dev charges) itself within 10 years is still low as compared to inflation rate 11% per anum and ROI.
brother i bought it in 2008 after strong recommendation of property experts at around 28 (if not wrong) at that time honda civic was 1.3 million which is now 2.2 million See if i would have bought two civics at that time my investment would have been 75% increased.
result: Investing on car is even better then on phase ix :(

Khan replied on Monday, June 25, 2012 02:16 PM PST 

Dear Hassan

Your view point is almost correct but just keep in mind that honda has a limited life with devaluation in price each year whereas plot has no limited life. Buy one honda today and keep it for 10 years, after 10 years you will observe the difference between DHA 9 price and your honda price. I want to say that DHA 9 is a long run investment. This is my personal view only.
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(53290)
Saturday, June 23, 2012 01:26 PM PST 

I have read few of the orders of High Court and it seems that Bahria has to pay back the price as per current market value if they will be unable to deliver. Very good decisions by Courts and this is same in other foreign Countries.

We should support our Judiciary to make this kind of courageous decision.

Pakistan replied on Sunday, June 24, 2012 04:40 PM PST 

This country is not going anywhere until our judicial system is intact isnhAllah
Support Judiciary, support Pakistan
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(53287)
Saturday, June 23, 2012 12:01 PM PST 
LDA AVENUE 1 NEWS

Ad Type
City
Scheme
Cur. Rate
LAHORE
LDA AVENUE 1
AOA

Any up-date about LDA AVENUE 1??? PLEASE SHARE HERE

Thanks
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(53286)
Saturday, June 23, 2012 10:55 AM PST 
OPF-1 Lahore extension-----up-dates

Ad Type
City
Scheme
Phase
Size
Demand(Rs)
Wanted
LAHORE
OPF
1-EXT
10-M
18-LAKH
AOA, Please share some information about about prospect and how to apply as Overseas for OPF-1 Ext Lahore?????

Thanks
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(53285)
Saturday, June 23, 2012 10:01 AM PST 
P.W.D Islamabad....

How is P.W.D Islamabad Area for buying a house?

Arshad Mahmood replied on Monday, June 25, 2012 10:57 AM PST 

It is not bad if you compare to the societies. I visited PWD, Sawan Gardens, Jinnah Garden, Police foundation, BT and nearby societies. Compare to few years back, things have been changed and his area is becoming a centre point. If you compare the
prices with Islamabad, this area still has some potential. There are schools, doctors offices and markets and other basic facilities. MAin disadvantage is commute form Islamabad, otherwise this area is good and will flourish more as new societies are being built and people started living over there. IT is better to build 1 knala house. If you like I can slo share some pictures from these socities

Arshad Mahmood replied on Monday, June 25, 2012 10:59 AM PST 

I agree with AK about water problem and load shedding is there, but that is same for other areas in Islamabad and Rawalpindi
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(53283)
Saturday, June 23, 2012 04:03 AM PST 
bharia orchid

hi, i bought a plot in bharia orchid of 8 marla in 2002, i am paying the instalments.but i dont know where my plot is or number or any other information about it,i am so confused, any news about that?
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(53280)
Friday, June 22, 2012 05:53 PM PST 

Dear LRE Team

Is it good investment to buy DHA Town Phase 9 5Marla plots at current rates or you see any correction.

Thanks
Umer
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(53278)
Friday, June 22, 2012 04:20 PM PST 

Warrants follow more cases against Malik Riaz


RAWALPINDI, June 21: Property tycoon Malik Riaz witnessed another bad day on Thursday as he lost two cases in Lahore High Court (LHC) that was followed by a local court issuing his arrest warrants in land fraud case.

The first shock for the real estate tycoon came when Justice Chaudhry Shahid Saeed of the LHC Rawalpindi bench declared the merger of 2,882 kanals land of Revenue Employees Cooperative Housing Society (RECHS) with Bahria Town (BT) illegal.

Justice Saeed also directed Bahria Town to provide plots of their choice to the petitioners within two months or pay the market price of their plots now occupied by residents of Askari-XIV developed by Defence Housing Authority DHA after getting the RECHS land from BT.

Former Rawalpindi district coordinator Hamid Ali Khan was arbitrator in the agreement signed between Col (retired) Abdullah Siddiqui, the then assistant director National Accountability Bureau (NAB) and Malik Riaz Hussain chief executive of BT.

The court declared the February 17, 2005 agreement signed between RECHS and BT as null and void and directed anti-corruption establishment (ACE) to initiate action against those government officials involved in unlawful deal.

It is to mention here that summary for approval of the merger of housing society for government officials was signed by then chief minister Punjab Chaudhry Pervaiz Elahi and it was submitted by then chief secretary Kamran Rasool whereas it was signed by then secretary cooperative societies Farkhanda Waseem Afzal. The land was transferred through different mutations in the name of Bahria Town.

The land, however, was further sold by the private housing society to the DHA in 2006 which developed Askari XIV on it falling in the areas of Morgah and Jarahi. Assistant Advocate General (AAG) Rashid Hafeez the counsel for Punjab government opposed the merger calling it unlawful.

Later, while hearing 20 petitions of affectees of DHA phase II extension Justice Saeed set aside the acquisition of land in the areas of Kahuta, Kallar Syedan and Rawalpindi tehsil by Punjab government in 2006 for Army Welfare Housing Society later DHA.

The court declared the acquisition of some 9,996 kanals for DHA phase II extension in different villages including Daducha and others as unlawful because there was no public purpose involved in obtaining the land saying the land was only being obtained for DHA that is a housing scheme eyeing only on profit.

The then Punjab government also issued emergency orders for land acquisition depriving the land owner of their rights to raise objections.

According to AAG Hafeez, the land was acquired by the DHA which engaged Bahria Town for its development.

Meanwhile an anticorruption court of Rawalpindi issued fresh arrest warrants of Malik Riaz, his son Ali Riaz and five others for failing to appear before the court in a case of allegedly purchasing 1,401 kanals land in Rawat area in 2009 on fake identities and forged documents. Special Judge Anti-Corruption Chaudhry Ameer Mohammad Khan issued the arrest warrants after both the accused did not appear in the court to face the trial in the case. The court adjourned the hearing till June 25.

According to Public Prosecutor Khawaja Sohail, earlier in October 2011, the same court had issued arrest warrants for tycoon and his associates on the FIR no. 29 of 2009 on the complaint of private persons but the recent warrants have been issued in another FIR of the same case registered by ACE on the basis of source report.
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(53277)
Friday, June 22, 2012 04:06 PM PST 
We are lucky

Being Pakistani we are very luck since last 60 years in the sense that "we always have guaranteed and certified thief, corrupt, bad character person as prime minister and president". This is the basic qualification required to become PM and President of Pakistan which is awarded by USA etc.

Non-political replied on Saturday, June 23, 2012 10:05 AM PST 

All certificates we awarded. We are blinds and deaf so e put blame to US or anybody......Did you ever see any US citizen in your area who is causing problems?

You are problem yourself because you are punjabi, mohajir, sindhi, balochi, pathan, etc....

first become Pakistani and talk about Pakistan.
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(53276)
Friday, June 22, 2012 03:57 PM PST 
DHA Islamabad Lost

DHA Islamabad Lost a major case in court, Any one knows the detail or impact on Bahria:Dha Joint venture
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(53275)
Friday, June 22, 2012 03:37 PM PST 
New PM - Raja Pervez Ashraf

Quom ko bahut bahut mubarak ho. Raja Pervez Ashraf naye PM ban rahay hain. Ab hamary sab masly hal ho jayen ge. HUN BAS MAUJAAN HI MAUJAAN......

Alhumdolila replied on Friday, June 22, 2012 03:41 PM PST 

Allah(swt) will never the situation of a Nation, which does not change itself.

/salam

Jameel replied on Friday, June 22, 2012 03:53 PM PST 

Unfortunately Zardari needs a "bold" person to Protect him, and we all know only Corrupt people are bold, this is no Doubt the darkest Era of Pak history where all the concentration of regime \ is to save President. All allies of Govt are equally involved in this crime.

PM Ashraf is the best replied on Friday, June 22, 2012 03:57 PM PST 

is that the best that godfather zardari could get out of his box of wonders.. can you imagine the state of pakistan, the ruling party first chose the biggest loser gilani and now are replacing him with ashraf.. When this idiot faild in every other ministry that was given to him, he is being made the prime minister, which means that he will be the prime moron in a government filled with jackasses and idiots..the pakistani nation should lower their heads in shame for the rest of our lives..

Naveed Yaseen replied on Friday, June 22, 2012 04:13 PM PST 

Shameful indeed.

On positive side however his term is quite likely to be short and ineffective. For this not too high cost in my opinion, many parties and persons have been exposed stark naked to Pakistanis, including many influential Pakistanis, who would never trust them again. I think that does weigh in long term.

javid replied on Friday, June 22, 2012 04:25 PM PST 

I am an ordinary man Don't know much but have heard that Democracy is good But have never felt it. So believe a military man is good for an ordinary man. At least this much of frustration was not there.

Perhaps these politician were in trouble in military time but not me.

jeddah replied on Friday, June 22, 2012 07:38 PM PST 

I am really in deep sorrow since i heard about that stupid raja ashraf. As a nation do we really deserve Raja Pervaiz ashraf as our prime minister, I believe we all should seek forgiveness from Allah as this tupid bugger is replacing the old thief

Khan replied on Friday, June 22, 2012 09:12 PM PST 

Shukar karo zardari nay Ghulam Ahmed Balor ko PM nehien bana diya.

ABC replied on Friday, June 22, 2012 10:28 PM PST 

Well done Zardari Sab, Chagaey hooo ....PM of Pakistan Great Raja Pervaiz Ashraf..we all pakistani desrve this.....

Aslam replied on Friday, June 22, 2012 10:31 PM PST 

Lesson for all:
Go definitely to cast your vote in next election and give only to those who are not hungry for a seat and who were never on a seat.

nasir replied on Friday, June 22, 2012 11:29 PM PST 

our brother property dealer has come into power. Hun mojan he mojan

funny PM for funny ppl replied on Saturday, June 23, 2012 08:39 PM PST 

:))) well done bros its a very happy moment for all pakistanis that we have RPA as PM plz bow ur head with 2 rakat namaze shukrana in front of Almightly Allah.
Raja saab say nalaik tha he nahi tu banda kiss ko banayee PM tu folks app apna literacy rate dekh saktay hain that how educated and sharp ppl we are?jo kush nahi kar sakta woh PM ban sakta hay dostooooooooo what a justified justice ,
i am sure u all have heard this saying:
Good managers always hire donkeys to be at the top ...........
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(53274)
Friday, June 22, 2012 02:57 PM PST 
Required

Ad Type
City
Scheme
Wanted
Lahore
Any
Required 1 Kanal House or Equivillant at Gulberg , Cantt , Garden Town , Muslim Town Etc.....

Requirement : Double Story , Atleast 6 Rooms with nessecities

CONTACT

Khurram


Shoaib

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(53273)
Friday, June 22, 2012 06:52 AM PST 
DHA PHASE 9

Ad Type
City
Phase
Block
Plot
Size
Cur. Rate
Lahore
9
B
1258
5 Marla
Salam everyone

Can anyone tell me the market value for:

Lahore DHA. > Phase 9. > Block B. > Size 5 Marla.
> Plot No.1258. >

AND


Lahore DHA. > Phase 9. > Block B. > Size 1 Kana. >

Thank You, Greatly appreciated.

Mian Fawad Ahmad replied on Friday, June 22, 2012 09:20 PM PST 

Dear Sir,
B 1285 has worth of 19.50 to 20 Lacs approximately.

Fawad@LREPK.Com
03024489001
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(53272)
Friday, June 22, 2012 01:36 AM PST 
about khyaban

aoa,i want to sell a file of one kanal block s and i have already paid 6 installment for developmental charges.can anybody tell what is the prize now a days.thanks

Farooq replied on Friday, June 22, 2012 05:01 AM PST 

Dear Noaman,

if u r interested to sell around 9 lacs, please
contact me at .

Farooq

Jameel replied on Friday, June 22, 2012 03:59 PM PST 

what are development charges??
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