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

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(47944)

G-14 Invester

Sunday, May 22, 2011 03:28 AM PST

Reply:

A Question to Mian Nadeem Sahab

Mian Sahab,

Can you please advise me that which sub sector of G-14 is good for future investment, apart from G-14/4?

I am projecting for a 3 years investment plan!
Could you also advise us on rates?

ISB replied on Sunday, May 22, 2011 01:08 PM PST

location wise G-14/1 is best....

Mian Nadeem replied on Monday, May 23, 2011 03:20 PM PST

In Zone-I sub sector 2 & 3 are always consider better.
In my opinion priority wise.
G-14/3
G-14/2
G-14/1

Saad-Riyadh Saudi Arabia replied on Monday, May 23, 2011 06:31 PM PST

Mian Sahib
can you please explain why sub sectors 2 & 3 are always consider better

(47943)

Kamal

Sunday, May 22, 2011 01:47 AM PST

Reply:

Dear Mr. CMY,
I am dealing to buy a plot in statelife-1 in the lane 537 to 541...he is demanding 50 lac final..he is friend of my cousin..not through a property dealer....do you think i shud finalize this deal??? thanks in advance

jk replied on Sunday, May 22, 2011 01:53 AM PST

50 lakhs means 59000 us dollars, u can buy a two bed room flat with this money in istanbul turkey, the world most growing country, and ur investement is 100% secure. pakistan situation is unsecure because of our leaders selfishness, and puppet decision. think ten time before going to invest.

Kamal replied on Sunday, May 22, 2011 01:54 AM PST

I am out of country ..and will come there for payment once it is finalized...i was trying since long to get plot in that lane..i mean facing central park with two sides open towards norht- south an ideal orientation for good ventilation

Kamal replied on Sunday, May 22, 2011 01:57 AM PST

JK. thanks for you suggestion ..i am not going for investment but want to construct house there

atif replied on Sunday, May 22, 2011 02:20 AM PST

its little expensive plz advise from any estate agent then buying because i check state life phase 1 prices on net maximum demand is 40 lac...check lahore real estate price chart....i may be wrong but i advise u plzzz search urself properly

atif replied on Sunday, May 22, 2011 02:33 AM PST

may be i wrong

EXPAT KSA. replied on Sunday, May 22, 2011 02:34 AM PST

Dear JK

Can you please provide more details how tO get property in turky. what they will give resident permission.Please mention if any website to get such information.

Kamal replied on Sunday, May 22, 2011 03:12 AM PST

@Atif.... i have checked all websites...Lahore state is showing 30 to 45 range for ordinary plots not facing park or two sides open...i was given a feed back from Pakistan that when you go for purchase then it will be different from the price on web sites..i mean ground reality is deifferent...any one can guide please

atif replied on Sunday, May 22, 2011 03:45 AM PST

dear kamal 45 lac mean best location price but i think ur location excellent thats y 50 lac amount asking i m not want to confuse u but dear both side road is 40 feet thats y i say this u inveastigated u r fully satisfied u can buy....without any tension.

Aamir replied on Sunday, May 22, 2011 03:47 AM PST

Caution:
1. While internet is good source of gathering information but could never be substitute of actually meeting people, visiting site and sensing market of real estate.

2. The more trusted is the friend/relative, the more vulnerable you are while dealing in real estate or for that matter any financial transaction is concerned.

3. The biggest mistake by expat is
" I am out of country ..and will come there for payment once it is finalized" (which Mr kamal is about to commit)
How one can finalize a deal from thousand miles away without sensing market. If it is through a trusted friend or relative, again its a mistake and a through cross check is required for property dealers also.

Kamal replied on Sunday, May 22, 2011 03:55 AM PST

@ Atif thanks for your comments...i have checked from this web site some months backs that the range of price is not the maximum and minimum it is for average plots ..means not corner not facing park etc. yes both side road is 40'..this is plus point or not?
@ Aamir..my real brother is dealing with him and posing himself buyer..owner is friend/colleague of my cousin and no broker involved..

Kamal replied on Sunday, May 22, 2011 03:58 AM PST

i need feed back and want to cross check from any local person who knows ground reality..thanks

Osman replied on Sunday, May 22, 2011 02:26 PM PST

Why not Sui Gas-1 Kamal? You can get a decent one kanal plot for Rs.50 to 55 lakhs. Planning & Development of Sui Gas-1 is of DHA standards while it is carved inside DHA-4 and 5 so you can enjoy all facilities like decent schools, markets, shopping malls, hospital etc. Just a suggestion, do poner over it !

JK replied on Sunday, May 22, 2011 03:44 PM PST

DEAR EXPAT KSA
it is not difficult, contact commercial section of turkish consulate in ksa, believe me i lives in london, but this istanbul is much better than pakistan to invest. i understand five fingers r not equal. but never ever trust on estate agents.they r worse than wolves.very fewer estate agents r honest and loyal with customers and MR MUJAHID OF LAHORE ESTATE IS ONE OF THEM.if he sujjest u to invest where u want then go ahead, but dont trust others if they take oath that they r honest. this is my advise to u being a brother, further upto u.

LRE Hot Topics replied on Monday, May 23, 2011 08:23 PM PST

Post added to useful posts list. View MORE Useful Posts Click on >>> LRE Hot Topics

(47942)

KHafeez

Saturday, May 21, 2011 11:03 PM PST

Reply:

Dear CMY,

My plot number Z-1082 has been relocated to Z-1666. Please comment on price difference.

Thanks.

(47941)

Well Wisher

Saturday, May 21, 2011 07:59 PM PST

Reply:

Purchase of Plot in DHA phase 8

Dear CMY Sb.

i want to purchase a 1 kanal plot in U block phase 8 from my friend on cash basis. i heard that the value is around 42 to 44 of cash plot. does i have to pay development charges after buying this plot? if yes how much amount would be.?

thanks and regards,

Admin replied on Saturday, May 21, 2011 08:22 PM PST

CMY is not available till Monday.

Jameel replied on Saturday, May 21, 2011 11:55 PM PST

there are two type of Plots One Installment s where all 55 Lacs will given is installments and people have already paid almost 40% so
when you buy such a Plot say in 52 Lac you ask the person how much he already paid he says he has paid 20 Lac as Plot is being sold in 3 Lac Loss so you pay 17 to Owner and remaining 35 Lac will be Paid to DHA in installments. { If there is already some fine for late Payment that need to be cleared by previous owner]
Other is type of Plot You are buying which was file and now seller is in process of selling development charges that is 10 Lac out of which about 4 lac he should already paid till date.
Now if Plots price is decided 42 Lac, and 6 Lac is still due DHA, Then actually you will only pay 42-6 = 36 to seller and remaining 6 Lac be paid to DHA in form of installment.
All the prices you see here one LRE website and or on news paper means that total price ie Plot price plus remaining development Charges, If your friend is asking you to pay 42 net to him and remaining 6 Lac to DHA then this plot's price is 48 Lac, not 42 lac. You did not mention the location of Plot some very good plots in U Block can be upto 47,48 lac.
In end dont expect that friend will give you plot cheaper, it is only possible that if your friend is trying to sell the plot for last one year and already contacted many dealers, In that case he knows the Correct worth of Plot, otherwise when a seller comes in market first time his mind is about 4,5 Lac high.

Well Wisher replied on Sunday, May 22, 2011 09:28 PM PST

thank you very much Mr. Jameel for these valuable points i was not aware of these points now i will confirm all these things to reach a deal. once again thak you very much.

(47940)

abid

Saturday, May 21, 2011 06:55 PM PST

Reply:

i want to buy in IZMIR town on canal road plz guide me which block is better.

mustafa replied on Sunday, May 22, 2011 02:36 AM PST

kanal plots on 80 feet road is on a good location....

(47939)

Zaka Ul Haq

Saturday, May 21, 2011 05:46 PM PST

Reply:

Dear Mr. CMY

What is the current market value of X266 phase 8 plot and do you suggest to keep this plot or exchange it with some better one.

Regards,

ZAKA

(47938)

saad

Saturday, May 21, 2011 04:53 PM PST

Reply:

Supreme Court Employees Cooperating Housing Society in G-17 Islamabad

Can some one please update the status of this society

Mian Nadeem replied on Monday, May 23, 2011 03:27 PM PST

Worst managed society of Zone-II.
Location good near motorway Toll plaza.
They have sold plots but they cannot purchased required land so far.
No sign of start of development in near future.

MUSHTAQ HUSSAIN. replied on Friday, December 16, 2011 04:17 PM PST

It is most respectfully submitted that the SCECHS, Islamabad is a trusted Housing Society. It is however, regretted to submit that no sing is visible as to development towards physical possession of plots to its members.

Keeping in view the backing to the Society, it is prayed that some sings of progress and development may very kindly be made visible for the satisfaction of its members.

From: MUSHTAQ HUSSAIN, EX-JUDICIAL ASSISTANT, SCP, ISLAMABAD.

MUSHTAQ HUSSAIN. replied on Friday, December 16, 2011 04:18 PM PST

It is most respectfully submitted that the SCECHS, Islamabad is a trusted Housing Society. It is however, regretted to submit that no sing is visible as to development towards physical possession of plots to its members.

Keeping in view the backing to the Society, it is prayed that some sings of progress and development may very kindly be made visible for the satisfaction of its members.

From: MUSHTAQ HUSSAIN, EX-JUDICIAL ASSISTANT, SCP, ISLAMABAD.

(47937)

LRE Rates Update

Saturday, May 21, 2011 04:14 PM PST

Reply:

Lahore Property Prices by Lahore Real Estate May 21, 2011

DHA Lahore allocation files rates.

DHA Lahore Parkview 10 marla is available at 13.25 lacs

DHA Lahore Parkview 1 kanal is available at 19.60 lacs

DHA Lahore 5 ext 1 kanal is available at 25.75 lacs

DHA Lahore 9-10 1 kanal is available at 15.35 lacs

Ch Mujahid Yasin ( CMY )
03224009967

aj-Pak replied on Saturday, May 21, 2011 04:46 PM PST

CMY Sahib, if i intend to exchange a 10m plot with 1k plot in statelife phase-1, how is this deal and how can it be affected.

aj-Pak replied on Saturday, May 21, 2011 04:48 PM PST

it is in Phase-8 proper.

Overseas paki replied on Sunday, May 22, 2011 11:47 PM PST

Dear CMY Sahib,

Please update the rates for all schemes including DHAI-II Extension.

(47936)

Riz khan

Saturday, May 21, 2011 03:55 PM PST

Reply:

1 or 2 Kannal Cheap Land for Retail set up

Gents,

I am professional retalier and retail is my passion too. i am planning to set up retail store in next coming 5 years. for this purpose can anyone suggest me any commercial land of 1 kanal or 2 kannal which is the cheapest at the moment and later can be suitable of rretail set up?

i extensive retail esperience even i been involved in setting up Makro, Matro, Hyperstar?

Regards

Riz Khan replied on Saturday, May 21, 2011 03:57 PM PST

i have the budget 20 lak , i know its very less but if you have any other idea let me know ......

Lahore123 replied on Saturday, May 21, 2011 04:18 PM PST

As for as you budget is concern
1.You can easily buy 3-4 marla plot in Gulshan-e-lahore (by adding some money) and you can start your business right now.

2.Jubliee town and Lda Avenue (As commercial is not on sale Lda hold that commercial area for latter auction) but u can invest there and but a plot and when auction will begin sell that plot and buy shops in commercial.

3.Other options (Jinnah mall--book your shop there,hopefully it will be ready with in 2.5 years but make your mind ,it will take 3 years)

Unprofessional retailer replied on Saturday, May 21, 2011 10:23 PM PST

If you know something is impossible but you still hope for it to come true, then you become the ideal target for frauds and con-artists. So try to be as realistic as possible at all times.

You must know that it is difficult to find a 1 or 2 kanal plot for 2 million in a RESIDENTIAL scheme, and we are talking about those that would be ready after 5-10 years if you are lucky. It is inconceivable that you can get something suitable for commercial retail in that budget.

Notwithstanding your extensive experience, you should first understand that retail and real estate are 2 different businesses. Most professional retailers do not seek to own their stores because they make their money from investing in stock. The challenge is their business model must support the rent. People who own their property and then run a shop on it risk subsidizing one investment with another and not realizing the true feasibility of a business.

Focus your passion on developing your retail business model. If it is good enough, you might be able to rent a suitable place and try it out in time. Purchasing a property is already an indication that you are thinking about it wrong. The big chains you mentioned only set up their own properties in Pak because no suitable options were available to rent else they would never have invested in the infrastructure.

PS. This is not a casual opinion. I manage a small retail chain with both rented and owned premises. We will soon sell the owned property to release capital and move that branch to a rented premises as well.

agree replied on Sunday, May 22, 2011 01:31 AM PST

Cent % agree with unprofessional retailer.

Riz Khan replied on Sunday, May 22, 2011 01:34 AM PST

Dear Unprofessional retailer,

thanks for your valuable input, well the bigger chains they have their own strategy and business planning on which they usually go for lease land, having brand equity worldwide their models gain value as well.

My model is totally different, i dont want to initiate with rental or leased land on my own, my business model and strategy evolves around the ownership of land.

If someone offer me leased land as a partnership and me to run the retail operations thats a different scenario.

I have already done extensive research on retailers and myslef use to be involved in strategy and business planning for such retail set ups.

My model doesn't evolve around dokandar or keryana concept its totally different.

Why i say 1 or 2 kanal in 2 million bucks because i thought someone suggest me something which i might not be aware of.

Fifty percent of the business starts with first step. as Nepolian Bonaparte said: Wars are won first in minds and than on battle fields.

S. replied on Tuesday, May 24, 2011 07:26 PM PST

I doubt you had extensive experience of setting up those Multinational giants. You dont even spell them correctly

(47935)

Ch. Yousaf

Saturday, May 21, 2011 03:46 PM PST

Reply:

LDA Avenue

All Current, Prospect & Ex holder of plots in LDA Avenue,

Please share your experience on litigation plots in LDA Avenue. I am sure this will help all those who are planning to buy plot in LDA Avenue.

1. You were trying to deal and came to know, plot is under litigation?
2. You bought the plot and came to know it is under litigation?

regards,

(47934)

Lahore Property News

Saturday, May 21, 2011 03:25 PM PST

Reply:

LDA to collect commercialisation fees

LDA to collect commercialisation fees

Lahore - The Lahore Development Authority (LDA) announced on Friday that it will start a special recovery campaign for collecting the commercialisation fee from owners and occupants of properties being used for business purposes in areas under its jurisdiction.
People have been advised to deposit outstanding dues without further delay, as special recovery teams have been constituted in this regard. These teams were going door-to door and properties, of which dues were not being paid were being sealed without being served further notice. The LDA Recovery Directorate has collected Rs 400 million during the past two and a half months on account of the annual and permanent commercialisation fee, from various localities of the provincial metropolis.
The LDA also advised owners of properties on 37 roads and segments of roads, where commercial activity has been allowed, to get their properties permanently commercialised. These roads include Ghausul Azam Road (Jail Road), Main Boulevard Gulberg, MM Alam Road Gulberg, Segment of Hali Road Gulberg (Property Number 136 & 64 E-1 Gulberg 3 to Property Number 114 & 73 E-1 Gulberg 3), Stadium Road Sharah-e-Noor Jehan Gulberg, Shahra-e-Quaid-e-Azam (The Mall), Tariq Road Link MM Alam Road, the road Behind Liberty Market, Firdous Market Road, Link Road Main Market (Shezan Side), Link Road Main Market (Auriga Side), Ghalib Road Segment (Chen One Road), Main Boulevard Garden Town, Main Boulevard Allama Iqbal Town, Main Boulevard Shadman, Maulana Shaukat Ali Road (Segment 1-Canal Bridge to Model Town Link Road Junction), College Road Township (Akbar Chowk to Ghazi Chowk), Ferozpur Road (Qartaba Chowk to Chungi Amar Sidhu), Sher Shah Road Gujjarpura, Al Madina Road, Township, Bagrian Road, Township, Main Boulevard Samanabad, Approach Road Tajpura, Part of Road Civic Centre Garden Town, Model Town Link Road, Hamdrad Jail Road (Segment 2-Plot No.1223-5-D/II to Ghazi Chowk), Shabbir Usmani Road (Y-Junction to Shaukat Ali Road), Main Boulevard Shadbagh, College Road, Gulberg (Property numbers 9 and 10 Block K Gulberg 2 to Property numbers 6-H and 24-H Gulberg 2, Park Road, Ali Zeb Avenue, Gulberg, Only Property 1 J Block to 6 J Block Gulberg 3, Link MM Alam Road, T Block Gulberg-2 Property numbers 9 to Property numbers 14 T Block Gulberg-2, Gurumangat Road, Gulberg only right side coming from College Road, Abul Hassan Isfahani Road, Faisal Town Only Property numbers, 30, 31, 32, 33 & 34 Block-B Faisal Town, Shadman Part of Race Course Road Shahrah-e-Aiwan-e-Tijarat, Property numbers 6 Shadman to Property number 1 Shadman, Link Road Main Boulevard Garden Town Property numbers 13, 14, 47, 48, 80 to 85 Babar Block New Garden Town and Wahdat Road Ferozepur Road to Property number 69 C New Muslim Town.

(47933)

F Rehman Sheikh

Saturday, May 21, 2011 03:15 PM PST

Reply:

Urgently Need a Shop in DHA Y or H Block

Ad Type

City

Scheme

Block

For Rent

Lahore

DHA Lahore

Y or H

Need a shop for garments business in Y or H blocks. Not interested in basement shops. Please contact urgently.

(47932)

Rahat Ali

Saturday, May 21, 2011 02:56 PM PST

Reply:

Flats in DHA-2 Islamabad

Ad Type

City

Scheme

Phase

Block

Demand(Rs)

Features

For Sale

Islamabad

DHA

25 lac

A class construction

Flats in DHA-2 Islamabad 2 beds on 2nd and 3rd floor with separate transfer for each flat from DHA-2. building is ready for possession. Demand 25 lac for each Contact

Inquiry replied on Sunday, May 22, 2011 12:43 AM PST

what is the covered area

(47931)

def

Saturday, May 21, 2011 02:09 PM PST

Reply:

Information required about transfer

AoA

we (me and my brother) have a one kanal plot in valencia . we are both owners .Now i want to transfer it by myself. In this case should i have to pay only valencia transfer fee or should i have to pay stamp duty and cvt also. What is the cheapest way ? bec if i have to pay the stamp and cvt and transfer then it means i have to pay approximately 1 LAC which is too much. Please guide me which is the cheapest and safe way .should i get an athourity letter from my brother and transfer it later? is it correct?

Thanks
~rizwan

Jameel replied on Saturday, May 21, 2011 06:24 PM PST

you mean it was joint an now he want to surrender his rights. I think a Courbet registered agreement should be enough in that regard and it might save your CVT and Stamp but You have to talk to society Office normally they are very Co operative.

(47930)

Lahore Property News

Saturday, May 21, 2011 12:54 PM PST

Reply:

Two New Housing Schemes Start On Ferozpur Road And Raiwind Road Lahore

Two New Housing Schemes Start On Ferozpur Road And Raiwind Road Lahore

(47929)

Amjad,KSA

Saturday, May 21, 2011 11:16 AM PST

Reply:

ASA
This is not the proper forum for such things, but I can't help writing a few words. I really feel like weeping because of the bad news of police torture in Lahore where one person was killed, two still missing and one ex-army man who served 25 years is in hospital. A detail report was broadcasted on SAMA TV yesterday.
I request all my Pakistani brothers and sisters on this website to visit punjab police website and at least condemn this brutal and barbaric act.

http://www.punjabpolice.gov.pk/

Hoping to excused for the trouble,

Fatima, USA replied on Saturday, May 21, 2011 05:18 PM PST

I strongly curse all such people from policemen to the top. They are the hell dogs who will live their forever.

advise replied on Saturday, May 21, 2011 10:06 PM PST

Punjab police is hand picked by Sharif family.
If protest is required than protest at PML-N website or better call your khadim-e-aala!!!!!!!
I hope your khadim-e-aala will serve you aala!

Ahmad replied on Saturday, May 21, 2011 11:20 PM PST

Excellent! You bring our attention to the right direction!

(47928)

Khan

Saturday, May 21, 2011 05:51 AM PST

Reply:

I am currently in US working for a telecom company as Director Engineering. If anyone knows anyone in Du Telecom in UAE, please drop your contact here and I will contact.

Thanks and best regards.

nadeem replied on Saturday, May 21, 2011 10:21 AM PST

drop me mail to get the names .

adnan replied on Saturday, May 21, 2011 01:58 PM PST

Dear Mr Khan

Good day

Need yoru guidance

MY bro serving as Army telecom enginer age 40 is about to retired(NUST graduate).He is looking for a break in Middle east.Kindly guide me and if you need to see his resume please drop me an e mail

overseas paki replied on Saturday, May 21, 2011 09:35 PM PST

Khan Sb,
Which telecom company you work for? i also work for largest telecom comapany as a senior rf engineer.

pope replied on Saturday, May 21, 2011 10:36 PM PST

And I am the pope currently in Vatican on a mission as Director of Saving Human Souls Department. If you know anyone whose soul needs saving, please list your email, i will contact you. Like Mr. Khan, I do not need to go to a RE forum to seek contacts, because I am dim wit.

adnan replied on Sunday, May 22, 2011 04:28 PM PST

Dear OVERSEAS PAKI

regarding my above mail
please guide me as where to apply in middle east

(47927)

Saturday, May 21, 2011 04:47 AM PST

Reply:

(47926)

MANI

Saturday, May 21, 2011 04:42 AM PST

Reply:

GOOD NEWS

(47925)

Salman Malik

Saturday, May 21, 2011 01:09 AM PST

Reply:

D12 Current rates

Ad Type

City

Scheme

Phase

Cur. Rate

Islamabad

CDA

D12

Dear friends,

I'll appreciate if somebody could shed light on current price range of plots in D12 Islamabad. Like the price of 40x80, 50x90 size plots.

Also what's the price difference between a regular and corner plot?

Regards

Salman

gh replied on Saturday, May 21, 2011 03:29 AM PST

Plot# 8 in Sector D-12/2 (size 40 * 80) was sold for 1 caror 10 lakh a few weeks back. Please validate with CDA since this should be a public info.

gh replied on Saturday, May 21, 2011 03:31 AM PST

Sorry I meant sector D-12/1.

Also other brothers who have any for sale in D-12 sector are encouraged to post exact details. I have a family member who too wants to buy.

jk replied on Saturday, May 21, 2011 03:49 AM PST

Once I surrender to buy plot # 273 D-12/3 @ of 34 lacks while I was ready to pay 32 lack and just a weak earlier the same plot was offered to me @ 230 lacks and I surrender again considering it too high,

Not sure how high it can go from here,

gh replied on Saturday, May 21, 2011 04:12 AM PST

jk, it's got ways to go. Ask yourself why does a one kanal plot in E-11 go fr 3.5 caror?

gh replied on Saturday, May 21, 2011 04:12 AM PST

Sorry again, I meant F-11 :-(

Salman Malik replied on Sunday, May 22, 2011 02:00 AM PST

Thanks guys for your response.

jk- did you mean 34 or 230 lac? what was the size of plot?

Any other friend could share their experience or knowledge?

Regards

jk replied on Sunday, May 22, 2011 03:29 AM PST

Dear Salman

Plot #273 D-12/3 is 600 yard corner and park facing plot and it was on sale in 2001 @ 34 lacks and I thought it is expensive but offered 32 lacks and could not lock the deal. Last week my property agent offered me the same plot @ 230 lack and my decision was same that it is too high.

I was wondering what will be the price after 10 years from now ?.

Salman Malik replied on Sunday, May 22, 2011 09:59 PM PST

Thanks jk, for clarification.

I guess, with the on going development the future of D-12 is becoming more clear even though at a low pace but enough for the appreciation in prices.

In 10 years time, if it is fully developed and reasonably populated than there will be further room for increase in prices.

Regards

guess replied on Tuesday, May 24, 2011 02:31 AM PST

jk, take my word on it, in 10 years time it would be over 5 crore

fas replied on Wednesday, November 30, 2011 01:36 AM PST

@ guess and Dollar would be Rs 500/- at that time may be more. So Its better to buy now