Lahore Real Estate Forum

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(47975)
Tuesday, May 24, 2011 03:47 PM PST 
updated on I-14,I-15 and I-16

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(47974)
Tuesday, May 24, 2011 03:42 PM PST 
Park view villas multan road

Park view villas multan road

Plot for sale 5marla pair

JADE 260 @ 13 LACS
JADE 260/A @ 13 LACS

03224003475
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(47973)
Tuesday, May 24, 2011 03:21 PM PST 
VELENCIA 2KANAL PLOT FOR SALE

Ad Type
City
Scheme
Phase
Block
Plot
Size
Road
Demand(Rs)
Features
For Sale
LAHORE
VELENCIA
1
J
35
2K
100 FT
85 LACS
LOCATED ON MAIN ROAD
VELENCIA 2KANAL PLOT FOR SALE
J-35@85 LACS
URGENT FOR SALE
CALL ME
MIAN RASHID :forsale:
>
(47972)
Tuesday, May 24, 2011 03:01 PM PST 
Lahore Ring Road (Southren Loop

Can someone tell me what the official time is for the completion on the southren loop of the Ring road. Also will the Northren loop be completed on time. I have read an artical on this website a few days ago that a Chineese company will build it and recive the toll tax so I don't think there should be any problem due to shortage of funds.
>
(47971)
Tuesday, May 24, 2011 02:49 PM PST 
Future of G-16 Islamabad

Ad Type
City
Scheme
Cur. Rate
Islamabad
G-16
Please intimate current development status and prices of residential plots of various sizes in G-16 (MIECHS). Also comment on its future prospects. Is it worth investing in this Society?

waji replied on Tuesday, May 24, 2011 06:32 PM PST 

Prices has gone up considerably as this society has got developed in last 1 year, I believe in this quarter they will give possession as most of the area is developed. I also hold a plot in this society just waiting for possession.

Regards

Wajahat

sohail replied on Friday, May 27, 2011 02:52 AM PST 

Very bad investment at current price which has been increased by manuplating the rates by local propert dealer. You try to sell your i kanal plot in eveloped area, you will not be able to sell above 30 LAC but when you want to buy then these ediot propert dealers will never allow you buy at less than 38 lac
>
(47970)
Tuesday, May 24, 2011 02:11 PM PST 
Lahore Property Prices by Lahore Real Estate May 24, 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 19.70 lacs

DHA Lahore 5 ext 1 kanal is available at 26.50 lacs

DHA Lahore 9-10 1 kanal is available at Buyers at 15.15 lacs and Sellers at 15.25 lacs

DHA Islamabad phase 2 extension available at 6.6 lacs.

Ch Mujahid Yasin ( CMY )
03224009967
Direct Email For CMY : lahorerealestate@gmail.com

khan replied on Tuesday, May 24, 2011 07:38 PM PST 

respected cmy sahib u gave the rates of dha 2 extension 6.6 u mean 6 lacs and 6 thousands rupees or u mean 6 lacs and 60 thousands.please make it cleare to me i will be thankfull to u.and please tell me in coming one two months rates of dha2 extension will go up or down.i am intrested to buy few
files there.

CS replied on Wednesday, May 25, 2011 09:34 AM PST 

Khan>>
6.6 means Six lac and Sixty thousand.
6.06 means Six lac and Six thousand.
>
(47969)
Tuesday, May 24, 2011 01:39 PM PST 
Should I invest in Pakistan in current condition ?

Ad Type
City
Wanted
Islamabad
Please let me know if this is a right decision to buy a property in Pakistan in current circumstances as we see Pakistan is suffering through Terrorism. Please advice. :1)

SaeedAhmed replied on Tuesday, May 24, 2011 02:05 PM PST 

my advice is not well taken by my own relatives, but i still insist that do not buy property in Pakistan if you currently have no plans to move back in Pakistan; because:
1. rapidly deteriorating condition of rupee.
2. still stagnant or loosing value of property.
3. worst social, political, economical conditions.
5. high inflation

just compare Canadian $ worth in 2006 and in 2011 against rupee; almost 60% increase.
just compare property value worth in 2006 and in 2011; went down a lot.

So those living in north America or Europe or Australia who invested in property they r the one who lost the most.

if u have cash dollars in hand whenever u come back u will have upper hand due to reasons mentioned above.

Mr. Khan, Jeddah replied on Tuesday, May 24, 2011 03:08 PM PST 

Dear Saeed Ahmed,

We should also think about our country, which unfortunately has been continuously betrayed by our Generals, Politicians and Bureaucrats.

Pakistan needs our support, money and investments.

Wake up before it's too late!

Guest replied on Tuesday, May 24, 2011 03:13 PM PST 

Dear Brothers,
Invest as much as you can in Pakistan.
Muslim Umma and Pakistan needs your support.
We in the overseas have started sending extra money of 500 Dollars every month, to our own relatives to support Pakistan.
May Allah(swt) bless you and muslim ummah. ameen.

AG replied on Tuesday, May 24, 2011 04:12 PM PST 

@Mr. Khan, Jeddah.
@Guest.

I fully agree with you. Pakistan is the Future & Custodian of our children & we must think of Pakistan more than any thing else. I am working in Middle East since 1978 & whatever I earned is either spent on the needs of my family back at home or invested in Pakistan. Pakistan does offer good oppertunities inspite of all odds.
During my stay abroad I have come across people from all over the world & know how do they feel about their homeland.
We must help our homeland out of crisis instead of throwing insults & hating Pakistan.

abc123 replied on Tuesday, May 24, 2011 04:17 PM PST 

@Mr. Khan, Jeddah.
@Guest.

THUMBS UP! I salute your patriotism.

Arif replied on Tuesday, May 24, 2011 04:35 PM PST 

We should certainly encourage patriotism but the question was regarding the economic sense of investing in Pakistan property. I think focusing on short term gain and getting discouraged by individual events (like earthquake or terrorist attack) are two important mistakes people make while investing. Societies almost always successfully absorb just about any blow no matter how big including World War 2 in Europe or 1947 riots in South Asia. I believe terrorism will be defeated in Pakistan because it has already been defeated in Iraq, Sri-Lanka and Northern Ireland.

I think investing in good property has always been rewarding in Pakistan if you compare
prices over a 15 year period. Compare 2010 with 1995 and you will see property beating exchange rate. Compare 1995 with 1980 or compare 1980 with 1965. I don't have empirical data but I don't know any one who has become rich just by saving dollars.
As for US dollars it is going weak itself. Pakistani bank's term deposit rates easily beat the increase in price of US dollars.

Above comments compare Pakistan property with foreign exchange only. If you have some smart investment going for you in North American that is giving you high return then that is a different story. However no one has shared their happy story from North America on this site. They just seem to be going through one bubble (dot com bubble) after another (property bubble). I do wonder sometimes how is the rental return in America after paying property tax, insurance, maintenance and income tax. May be someone from North America would like to share their experience in this regard.

SaeedAhmed replied on Tuesday, May 24, 2011 04:41 PM PST 

its interesting to see all those comments.......... from all those who r living overseas. yes while i was abroad, i was a lot patriotic and that was the reason i came back to SERVE this country. however, the level at which i have worked and interacted with top most policy makers of this country............. i have little hopes that things will improve in near future. i m sorry, many people will get hurt, but it is ground reality we must face. this country is in deep @#$% just because of its own politicians, armed forces, bureaucrats, and judiciary.
anyhow, this will get long and long without and fruitful results. The question asked by respected Zahra was about property and of-course it was from point of view of making a profit or secure investment; and my response is from that perspective as-well. and it should not be taken to judge someone as a more or less sincere to the country.

Mel Gibson 'The Patriot' replied on Tuesday, May 24, 2011 05:10 PM PST 

Dear 'patriotic' expatriates,

It is a fallacy if someone thinks that buying a plot back home is 1) an act of patriotism and 2) constitutes investing in your country. You know that you only do it for your own gains. You must also know that you are the key cause of land price distortions that make homes more expensive than a legitimate income/salary would allow for a pakistani living in his homeland. You earn in $$$ and buy in Rupees. The average sheedah earns in Rupees but must compete with your $$$. Not fair. No wonder he rips you off (not saying it's right, though).

Fallow land does not contribute to productivity of the nation. No goods are produced and no jobs created (other than supporting the most despised segment of society: 'dealers'). If most of the money that poured in to the country post 9/11 and even now went into productive assets or primary issues in the stock market, then you would see what a sustainable boom and expansion of economy is. Instead, we like to gamble on share trading (secondary market) or buying plots where we hope to get quick gains without putting in efforts and knowledge. Even those that work hard for each penny abroad hope for overnight gains in their own country. Our own country is not to work hard in, it is to live the good life! What we all seek are capital gains. Capital gains are those from selling those assets that have the ability to generate income themselves, and by definition, capital gains are not ordinary or recurring income. We must shift our focus to actually generating income from those assets i.e. milk the damn buffalo, don't take her to the market to get her price checked every 3 days.

The plot obsession is a national curse that benefits relatively few but consumes the majority of everyones resources. Every few years everyone is taken to the cleaners, and the dealers and market manipulaters are laughing all the way to their foreign bank accounts, while driving BMW 7 series that they earlier could only hope to rent for their wedding ceremony. Another curse is the obession with saving in gold. There is nothing more useless than gold. Absolutely nothing it can do except look shiny and pretty and dazzle people that are easily dazzled!

You may say that you are not aware of avenues to invest, so can only put in plots. You are absolutely correct, there are no passive forms of safe and attractive investment in Pakistan. If you have enough resources and courage, a real show of patriotism is to return to this jungle and do something that you learned or practiced abroad. I would not advise this personally as prospects are very dim for the country, for faults entirely of our own making.

However, if you insist you are a great lover of the country and you pine for it while you are abroad and keep talking about how great the food is, then bring real investment into the country. Pakistan doesn't need money (well not as much as you think). What it needs, what it is literally dying for is YOU and your INTEGRITY and your COMPETENCE and your HARD WORK. If you can bring those values you've learned abroad back and practice them, then it would be like a blood transfusion for a very sick patient.

If you can't do this, then don't try to give false assurances to yourself and the country about how great patriots you are. Patriots don't run away when the war is raging, they return to the ranks to fight the good fight.

Who am I? I am no patriot, just a pragmatist. I am just tired of the hypocrisy and pretenses that follow a pakistani no matter where he or she takes up residence in this wide world of ours. Good luck to your wherever you are.

SI replied on Tuesday, May 24, 2011 06:00 PM PST 

Investment in realestate is always better rewarding, just want to share that Gulberg, Lahore was sold @ Rs. 350 / marla in 1960 by Lahore Improvement Trust

pak lover replied on Tuesday, May 24, 2011 06:25 PM PST 

i came back from overseas went arround 8 countries,our country need us and its better to live here than to be a b grade citizen of other country .

reincarnated replied on Tuesday, May 24, 2011 08:19 PM PST 

very well said Mel Gibson. cant agree more on the msg an theme and couldnt have phrased it better either. bravo !!!
;D

atiq raja. replied on Wednesday, May 25, 2011 02:00 AM PST 

MY GOD PAKISTAN IS HELL,life is not secure,now this is time to run.............fast from pakistan to safe your life.

Theory replied on Wednesday, May 25, 2011 02:55 AM PST 

Pakistan was created on two nation theory through democracy. Two nations implies two kind of people in Pakistan, one type is ripping off and the other is being ripped off and the democracy is taking its revenge.

Arif replied on Wednesday, May 25, 2011 03:07 AM PST 

Atiq bhai you are ridiculous..............as always.

AG replied on Wednesday, May 25, 2011 04:17 AM PST 

Gentlemen,

1. Only Pakistanies can bring Pakistan out of its present difficulties so let us face the reality & do whatever we can do to help our Pakistan. We can not & should not run away from our responsibilities towards Pakistan.
2. Buying a plot in Pakistan helps our country in many ways.It brings foreign exchange,it creates jobs with the developers, it helps construction industry in many ways when people build houses on their plots,it reduces shortage of housing units. There are more than sixty industries which benifit from the construction activity.
3. I know the feelings of our brothers who were either been cheated or harmed. I know there are some people trying to harm Pakistan & in turn harm us.Believe me the only way of defeating these people is to be faithfal to our country,WORK VERY HARD FOR THE ECNOMIC STABILITY OF OUR COUNTRY & REMAIN UNITED. Our brothers should vent their anger in some other way than accusing & insulting our Homeland.
GO & ASK PALESTINIANS WHAT DOES A HOMELAND MEANS.

Anwer replied on Wednesday, May 25, 2011 05:06 AM PST 

Salam AG,
I thank you AG. and agree with you 100%.
Only we ourselves can help Pakistan and may Allah(swt) in this. ameen
We will never let our country down.
I know many overseas Pakistanis which are sending money to their own relatives to bring in the foreign exchange.

/Anwer

rana replied on Wednesday, May 25, 2011 09:33 AM PST 

Mel Gibson 'The Patriot', it was simply a treat to read your post. While I am someone who left pakland 30 years ago and never looked back, invested excess $ in plots, I do not consider myself to be patriot.

Imran replied on Wednesday, May 25, 2011 12:24 PM PST 

Good to see some nice and some not very nice comments about pakistan, but we should face reality, we as expats are working hard and sending foreign exchange to pakistan for decades, if we keep on doing this do you think that situation is pakistan will improve. Here the people in the government are not taking any responsibility, all the responsibility is with general public. Compare pakistan with other countries where there is law and order and good economy, it is not the general public over there but the policy makers and people in government who are guiding the country towards prosperity. People in all the countries are more or less same, everybody has a desire to prosper and live a good life but when there is no opportunity, thanks to the goofed up policies of government then people use unethical/criminal means to gain money. Each one of us love our country but we are all feeling helpless due to unavailability of any way of action

Ahmed (Calgary) replied on Wednesday, May 25, 2011 01:13 PM PST 

@Atiq Raja
What was the value of your property in 2003 in Islamabad and what is the value now. At least 50 times more. Is there any country in the whole world where property can grow that fast and with out paying one
penny as income or wealth tax? How much have your wealth grown in UK?

Regards

Ahmed

Javaid replied on Wednesday, May 25, 2011 03:41 PM PST 

I think what Saeed advised is based on technical analysis of the current situation and no doubt, our country is going through the most difficult time in its history. At the same time, what Mr. Khan mentioned is also correct - we should not leave the country when it needs us - we need to increase the morale of the nation and I have no doubt that our country will bounce back insha-ALLAH.
I live in abroad and can't describe the pain of hearing bad news about the country - our country should have a higher priority than any other thing and if we don't step forward now, we will be gone forever.

We are respected only if we have our country on our back - ask Palestinians how does it feel when you don't have a country to go and live - in good times, our contry helped us gain the qualification to go abroad - now when country needs us in bad time, we should give our best to save it.

May ALLAH strengthen our country, protect it from its enemies, help th enation to be stronger to defend it and save it from corrupt rulers / military establishment.

Alhamdulillah, I am living a very decent life outside Pakistan but still my golden memories are from my childhood - when I didn't have money to buy even a chewingum, yet I was more confident and proud Pakistani.

God bless this nation and country. Aameen.

shahid khan replied on Friday, May 27, 2011 01:43 AM PST 

i love pakistan and being a paksitani i bought two houses of 4.6 marla in eden gardens lahore on main ferozepure road. i visited the site a years ago and found beautiful one for future references. doesnt matter the situation of pakistan be pakistani buy pakistani. shahid khan from london england

Javed replied on Friday, June 17, 2011 01:45 AM PST 

i commend mel gibson. we are all hypocrate and looter and use the name of Pakisn and Islam for own vested interests

Ali hamza replied on Tuesday, January 3, 2012 02:13 AM PST 

Every 1 this guy Atiq raja is sick person so be aware of him.... 1 day he says DHA is best and 2nd month he says D-12, E-11 or G-13 is best. so please understand what he try to make of you guys...... better ask him how many plots he have in DHA lol.......... he is crazy , 1 time he don't count G series as sector and 2nd time he tells to invest........... one he call pakistan a hell and 2nd he keep telling people to invest, trust me he is sick and want to make money only.............

Saeed Iqbal Bukhari replied on Wednesday, November 27, 2013 06:22 PM PST 

Bukhari Real Estate office # 73,first floor,Auriga Complex,Main bolievard,Gulberg II,lahore,Pakistan
Plz
contact us For Good chances to buy or sell any kind of property..
Saeed Iqbal Bukhari


Email :
>
(47968)
Tuesday, May 24, 2011 12:47 PM PST 

CMY sahib
DHA have changed my plot from Y(phase 7) to Z block
and new plot nimber is Z 1176 please advise what is the price of this plot & future holding
Kind Regards
>
(47966)
Tuesday, May 24, 2011 04:04 AM PST 
T I P Housing Scheme Lahore.

Gentlemen,

I shall be obliged if any one could kindly advise the status of T I P Colony Lahore.

Regards.
>
(47965)
Tuesday, May 24, 2011 03:27 AM PST 

Dear CMY,

Sorry to reply you a little late. By mistake I had mentioned one Marla but actually it is one Kanal and the plot detail is JJ 0787. So please advice what is the current value. Should I sell it and invest it somewhere else.

Eagerly waiting for your reply!


Zia
---------------------------------------------------------------------------------

Sunday, May 15, 2011 01:25 AM PST Reply:

--------------------------------------------------------------------------------

Dear CMY,

I have read about your trust worthy and the work you are doing. I am very much confident that i will get the right answer from you. Couple of years back i have invested in the State Life Housing Society Phase II Extension with a 1 Marla plot. So far it has costs us almost 20 Lacks. I wanted to know is our investment fair and what is the current value of it. Or you advice me to sell it and buy it somewhere else.

Thanks for your time.
Waiting for your response.

Zia

--------------------------------------------------------------------------------
CMY replied on Sunday, May 15, 2011 11:23 AM PST

Dear friend I need to know the plot number to give an accurate answer to you.

CMY replied on Tuesday, May 24, 2011 08:35 PM PST 

Zia sahib JJ0787 State Life phase 2 is worth Rs 7.5 lacs. Not a good plot to keep. If I had it I would have sold it long time ago.

Ch Mujahid Yasin ( CMY )
03224009967
>
(47964)
Tuesday, May 24, 2011 01:00 AM PST 
Plot required at DHA Phase II Ext (Ex-Commoners)

Ad Type
City
Wanted
Islamabad
I am looking for plot at DHA Phase II Ext (Ex-Commoners) Please get back to me with the plots detail and prices. My range is upto 32 Lakhs. :pkf

replied on Wednesday, May 25, 2011 04:15 PM PST 

send me your email. i have a plot in d-block dha ph2.
regards
>
(47963)
Tuesday, May 24, 2011 12:03 AM PST 
Has anyone got the letter for Bahria Phase 8, additional charges?

Has anyone got the letter for the ‘additional charges’ imposed by Bahria Town on Phase-8, Rawalpindi plots???????? Please scan and post the content of this letter here in the discussion page, if anyone has got it.

Though personally, I don't think that Bahria management can dare to impose any additional charges now… They have already charged heavy development charges, AND also after delaying the project for several years, they cannot imagine that people can be cowed by imposing additional charges as nobody will pay them anymore. People are well aware of their rights and will surely go to courts, rather than accepting any unjust demand by Bahria this time. Hence, it will be a highly ill advised decision, if Bahria does so.

So, we all should relax until any such move is made by Bahria.

And if it does happen, we can surely get together (maybe by making an Online Group, or may have a meeting somewhere) to discuss our response to such an action by Bahria.

MAY ALLAH SAVE US ALL FROM THE GREED OF THE RICH AND POWERFUL ONES!

SI replied on Tuesday, May 24, 2011 01:01 AM PST 

Sorry for putting irrelevant question, I want to purchase one kanal plot in Bahria Phase 7 or 8 for immediate construction as I am going to be retired from service after one year. Please advice which sector/phase is ready for construction & approximate price
Please help, thanks in advance, Jazak Allah

SI replied on Tuesday, May 24, 2011 01:03 AM PST 

Sorry for putting irrelevant question, I want to purchase one kanal plot in Bahria Phase 7 or 8 for immediate construction as I am going to be retired from service after one year. Please advice which phase/sector is ready for construction & approximate price
Please help, thanks in advance, Jazzak Allah

masifjamil replied on Wednesday, May 25, 2011 12:54 PM PST 

I endorse Mr. Sohail's statement.

Jamil Akhtar replied on Wednesday, May 25, 2011 05:32 PM PST 

I also fully agree with Mr. Suhail.

We should pay about 10% of the extra charges imposed by Bahria to a lawyer to file a writ petition against Bahria demanding BT to pay damages caused by the delay in completion of the project, rather than paying the extra charges to BT.

Guest replied on Thursday, May 26, 2011 12:59 AM PST 

Dear Brothers,
If we all get together and start the high court proceedings together then we donot have to 10% for the lawyers fee, it will be lot less and case will be even stronger when we stand united against this loot mar.

salam,
Guest
>
(47962)
Monday, May 23, 2011 09:07 PM PST 
Confirm Plots in DHA Lahore Phase 8 Lahore

Confirm Plots in DHA Lahore Phase 8 Lahore
S Near 980 @ 43 Lac ( 1 kanal)
T Near 655 @ 48 Lac ( 1 kanal)
T Near 1345 @ 57 Lac ( 1 kanal)
T Near 1375 @ 57 Lac ( 1 kanal)
U Near 160 @ 56 Lac ( 1 kanal)
U Near 164 @ 65 Lac ( 1 kanal)
U Near 12 @ 53 Lac ( 1 kanal)
V Near 229 @ 48 Lac ( 1 kanal)
V Near 306 @ 48 Lac ( 1 kanal)
V Near 277 @ 53 Lac ( 1 kanal) Corner
W Near 338 @ 64 Lac ( 1 kanal) Fcing Park
w NEAR 200 @ 61 Lac ( 1 kanal)
x Near 859 @ 43 Lac ( 1 kanal)
X Near 486 @ 43 Lac ( 1 kanal)
Y Near 373 @ 1.75 Lac Own ( 5 marla )
Y Near 348 @ 2 Lac Own ( Marla )
:forsale:

waji replied on Monday, May 23, 2011 11:31 PM PST 

Y Near 373 @ 1.75 Lac Own ( 5 marla )

How much payment has been made by the seller to DHA and how much balance need to be settled with DHA (on installments I believe) + 1.75lacs own...

Regards

Wajahat

Question replied on Tuesday, May 24, 2011 12:49 AM PST 

Development/possession time line ?

Salman replied on Tuesday, May 24, 2011 06:54 PM PST 

which one is an installment plot and which one is not? please highlight. Thanks

Saeed Rafique replied on Tuesday, May 24, 2011 08:35 PM PST 

Development Possible in 2013
>
(47961)
Monday, May 23, 2011 07:31 PM PST 
.

Ad Type
City
Scheme
Block
Plot
Size
Demand(Rs)
Features
For Sale
Lhr
Fazaia
E
Near 25
Kanal
19 Lacs
Less than Market Price
.

Salman replied on Tuesday, May 24, 2011 06:56 PM PST 

Does it have possession?
>
(47960)
Monday, May 23, 2011 07:18 PM PST 
Lahore Metro System: Punjab govt deviates from `austerity tr

LAHORE, May 22: The Lahore Metro System agreement signed between the Punjab government and a Chinese firm is costlier than the similar plan made by the previous government, say officials and technical experts.

The PML-N government had rejected the previous plan for which the Asian Development Bank had committed a soft loan of $1 billion on many `grounds`. One of them was that the modern facility in Lahore will create envy among the people of other cities in the province.

The officials and experts question whether the government has now made some arrangement under which this expected `envy` will not be generated by the metro by the Chinese firm which they claim has no experience of the subject.

The experts and the officials talked to Dawn on the condition of anonymity and raised many objections to the project.

According to them, the agreement has been signed with a single source which they allege has no experience of laying and running metro. An international competition would have given better cost and access to superior technology.

The company supposed to provide the facility has no previous experience in the field and the project is likely to end up being sub-contracted, they say.

The government is saying that the Chinese company is ready to provide a facility at the green line at a cost of $1.87 billion which look costly. The green line runs from Hamza Town, Shahdara to Kot Lakhpat via Ravi Road, Bhati Chowk, Lower Mall, The Mall, Queen`s Road, Mozang Chungi and Ferozepur Road.

The previous project for the same line was estimated to cost $2.4 billion and the estimates were made on the price index of 2006. The Punjab government was to contribute $400 million in the shape of land and removal of utilities.

The Asian Development Bank was to provide an easy $1 billion infrastructure loan, also arranging foreign investment of an equal amount for the rolling stock (system and operations).

Officials and experts say that nobody has explained what will the Chinese company doing with the announced $1.87 billion. If this cost includes civil construction, rolling stock and system operations, it is likely that the authorities at the helm of affairs are going to cut corners or make compromises on quality.

The previous government was going to pick the infrastructure cost ($1 billion from the ADB). And operations would have been fairly viable on the fare and ridership. They say that as told by the Punjab government, the Chinese company will arrange a bank loan of $1.87 billion which looks costly, accepting the loan liability much bigger than the $1 billion of the ADB. This is likely to make the financial viability highly questionable.

Under the previous arrangements, the government was not required to pay any subsidy because of the foreign investment of $1 billion for systems and operations.

Now there is an express loan of $1.87 billion without any private-sector investment for the operations and systems. Therefore, the experts and official fear the government will have to provide huge operational subsidies.

But, they say, one should keep in mind that many medium rails (metros) have failed because the operational subsidies are cumbersome and difficult to sustain. The facilities flopped in Bangkok, Manila and Kuala Lumpur due to the same reason.

Officials and experts say the redesigning of the Kalma Chowk is going to create a major problem for the metro project because it has been started without any detailed study and assessing its economic rate of return.

The metro, as per the disclosures by the government, will run underground from Ferozepur Road (near Kalma Chowk) to Ravi Road. But the redesigning would require deeper digging at Kalma Chowk and make going underground from near the General Hospital bridge, increasing the cost manifold.
>
(47959)
Monday, May 23, 2011 07:15 PM PST 
JINNAH GARDEN HOUSING SOCIETY ISLAMABAD

HAPPY NEWS THE ALLOTTE OF JINNAH GARDEN HOUSING SOCIETY AS CDA APPROVED PHASE -1 EXTENSION THE LAYOUT PLAN AS WELL NOC ISSUED. PLESE SEE THE JPG FILE.

Amjad replied on Tuesday, May 24, 2011 01:26 AM PST 

Location wise Jinnah garden housing society is better than Naval anchorage and is near to Islamabad highway.

Kashif replied on Wednesday, May 25, 2011 01:05 PM PST 

No image attached.

But i agree with Mr. Amjad, if developed well then Jinnah Gardern Phase-1 is a better
location than Naval Anchorage.

Regards
Kashif

Ahmed replied on Thursday, June 9, 2011 02:05 PM PST 

Kindly attach the jpg file as you mentioned that Jinnag Garden has been issued NOC from CDA
>
(47958)
Monday, May 23, 2011 06:54 PM PST 
Current Price

Ad Type
City
Scheme
Phase
Block
Plot
Size
Road
Demand(Rs)
Cur. Rate
Lahore
Wapda Town
1
F-2
Near 713
10M
40ft
88
I am dealing to buy a 10M house in Wapda Town Phase-1 Block F-2 near 713 in 88 lakhs. Can the brothers advise me regarding the right price. What will be the transfer fee and taxes ? Thanks,

shahid khan replied on Monday, May 23, 2011 09:47 PM PST 

this is not too much but too too much price

Jameel replied on Tuesday, May 24, 2011 06:17 AM PST 

If the house is new and construction is A Class then worth of House can be upto 85, But why not buy in this Much amount in Faisal Town, or defens?, Adding few lacs more one kanal House can be tried,
For Zero meter house there is one precaution as Bath rooms on 1st Floor are not used hence there can be some times severe problem of seepage, This Problem cant be solved, one of my friend is suffering from it and his all investment is ruined, I encountered another house for sale it was 4 years old with severe seepage problem and was available on plot price only, and owner war telling himself that it is "malba" I myself never gamble for buying Thekedar Built new house
My advise is either Build House yourself
Or Buy few years old.
Regarding transfer fees at present 10M plot transfer is about 120,000 Built house I am not sure.

Chief Guest replied on Tuesday, May 24, 2011 03:19 PM PST 

According to my opinion, price is not to much. Because price of the plot of 40 feet road is about 45-50 lakhs. So price of the double storey building 38 lakhs is not much. Anyway, Mr. Mohsin could you please through some light on this topic.

Javed Akhtar replied on Tuesday, May 24, 2011 06:20 PM PST 

Mr.Jameel: Thank you for your valuable advice. The house is certainly new but built by the Builder. You are right, I may get a house with the same amount in Defence/Faisal Town but not a new one (I am already living in Faisal Town). I'll consider your advice.

Mr.Chief Guest : Thank you for your experienced analysis. I'll consider it too.

Mr.Shahid Khan: Probably you are taking it as a plot but as a matter of fact it is an already constructed house. Anyway thank you for your sincerity.

Adnan replied on Tuesday, May 24, 2011 06:39 PM PST 

My House is in J2 and new houses in my lane have been sold in range of 80-93 lacs(10 marla) in last 2 years. these were all built by builders.
I have been looking for 1 kanal house in Wapda /valencia/NFC and in my last visit to Pakistan, there were 5-6 year old 1 kanal houses available around 1 crore in good condition but bathroom and leakage was a concerns and I was unable to finalise a deal in my short visit.

As per your question, this is a prevalent rate in Wapda town for 10 marla newly constructed excellent house but better deal would be buying a kanal House which is 5 year old.

mohsin replied on Tuesday, May 24, 2011 08:58 PM PST 

i do agree with mr shahid khan comments that it is too much. for ten marla 88 lakhs. we can buy a far better house in this amount in lahore cantt, much better
location than wapda,and even we can buy in 65 lakhs a 12 marla double storey house in eden gardens ferozepure road lahore which i beleive an excellent location and no doubt the landmark of lahore keeping in view future.and possession is available at the end of this year.

Hassan replied on Wednesday, May 25, 2011 05:13 PM PST 

@ Jameel - could you please elaborate by adding how many lacs 1 kanal option can be opt and in which areas?

Mohsin replied on Wednesday, May 25, 2011 10:50 PM PST 

The price you mentioned is very much reasonable, As told by chief guest that a good plot in F2 costs between 45 & 50 Lacs, and A grade construction for a ten marla house costs approx 40 Lacs!
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Monday, May 23, 2011 05:50 PM PST 
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