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

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(42281)

PRT News

Sunday, March 21, 2010 04:37 AM PST

Reply:

(42280)

Amir

Sunday, March 21, 2010 04:31 AM PST

Reply:

Why SL2 is Sleeping ?

Any good news from State Life Ph II ?

zulfi replied on Sunday, March 21, 2010 08:34 PM PST

Good news will come from Mr. CMY

zulfi replied on Sunday, March 21, 2010 08:37 PM PST

Good news will come from Mr. CMY
i don't know what is real, some people are saying map approved and some are saying they don't have money to proceed.

Muhammad Saad replied on Monday, March 22, 2010 05:06 AM PST

I have been to state life phase I and II this time and I was really disappointed to see the approach of this whole area. Even Sui Gas does not have good approach whereas the plots in Sui Gas is very expensive. I do not understand this. :S

To me it is not worth spending 55~60 lacs in Sui Gas for making house. On the other hand because of current poor approach State Life is not liveable place until ring road is constructed.

All this can change quickly once ring road is there.

Muhammad Saad replied on Monday, March 22, 2010 05:27 AM PST

Although approach issues would be resolved ones Ring Road is ready whereas the SL2 development still an issue. Only CMY or some expert can shed light on it. These days, I am far away from the area so I can not investigate myself.

Amir replied on Monday, March 22, 2010 03:35 PM PST

May be they are waiting for a good offer from DHA.

Is it possible ??

(42279)

Ali_2010

Sunday, March 21, 2010 04:00 AM PST

Reply:

salam
please guide me i confused.should i go for phase 5 m block file or phase 5 ext . CMY u mentioned earlier that phase 5 ext within few weeks will not called phase EXTENSION and please elaborate more .that whick is good option M block or EXT and please tell me how much time expected for balloting for M block and extension.i request all members to guide me

Allah rakha replied on Sunday, March 21, 2010 04:08 AM PST

y u do not call to cmy he can guide u better he is gurru of dha.

CDW replied on Sunday, March 21, 2010 04:27 PM PST

5-ext is M Block only. Phase-5 extension after ballot (this year) will not be called extension, and will be part of phase-5 as "M block."

sincere replied on Sunday, March 21, 2010 09:55 PM PST

ali
i had the same ambiuity aqnd called dha few days ago,i was told that M block n 5-ext are different things.M block is approx.200 files and area reserved inside-the existing pockets of phase 5 and ballotting will be this year.
there are no files available in the market if you get 1 buy one,good luck

Muhammad Saad replied on Monday, March 22, 2010 05:51 AM PST

So this is how DHA deal with it's customers as no one seems to have the correct Idea.

CMY has said earlier that it would be phase 5 block M however there are no official words yet and the habit of DHA keeping everything secret till the end is very annoying.

(42278)

Salman

Sunday, March 21, 2010 01:53 AM PST

Reply:

5-10 Year investment

AA,
First of all, Thanks to CMY for his efforts. Especially an excellant resource for overseas Pakistanis. I came across this website by chance and I am very impressed.

Any idea when the balloting and development of DHA Lahore Phase 9/10 is expected. Is this the right investment for someone overseas looking at 5-10 year plan?

Or any other suggestions.

Regards

Salman

Allah rakha replied on Sunday, March 21, 2010 04:05 AM PST

yes it will be great investment for 5 to 10 years.cmy told may be balloting of phase 9,10 after two years and after 5 years it will be liviable place.second option in my view is dhai phase2 ext.in this money u can buy 2 files there and it is also 5 to 10 years investment.rest my ALLAH knows better

Muhammad Saad replied on Sunday, March 21, 2010 05:01 AM PST

I also have this question. I already own a file in Phase 9/10 which I bought for 21.25 lacs and now current prices are 14.15 or somewhere around it.

My question is that is it wise to buy another file in DHA Phase 9/10? The thing which worry me more about phase 9/10 is that it is so big which means that there would be so many plots available once developed and prices would not go up as much. This is just my opinion and I am not an expert in property business.

These days the real estate market is too risk and even the future is not looking bright. The experts however can tell you better.

Allah rakha replied on Sunday, March 21, 2010 05:45 AM PST

i think saad sahib if u have money u should buy one more file at less rate it will compensate ur lose.in dubai people have lot of lose in stock markete.people bought high rates share of markete for example emaar properties many people bought one share in 30 dirham now emaar shares have come at 1.50 dirham i mean in one and half dirhams in this way they have lot of lose where 30 dirhams and where one and half dirhams now same people buy emaar properties share in 1.50 dirhams in this way they r compensating their lose and shares r going up.many peoples r doing daily business as share come little down people buy and as share goes little up people immediatly sales the shares.in this way they r earning handsome money daily.did u understand what i want to say.now a day realestate markete is not risky only in pakistan but all over the world.property is long term investment minimum 5 to 10 years.ur native house which ur father had made what is the price now of that house and what were the price at that time before 15,20 years ago so buy now if u have money for investment and be patient

Salman replied on Sunday, March 21, 2010 11:30 PM PST

Thanks Mr Allah Rakha for your reply.

Many people in this forum have shown concerns about DHAI phase 2 ext.
How real are these concerns? is it a risky investment?

Also I have noticed certificate files for sale for phase 2 ext? What does certificate file mean? and what other charges do you usually have to pay on top of these files?

Thanks for the help.

Muhammad Saad replied on Monday, March 22, 2010 05:02 AM PST

Thanks Allah Rakha for your reply. I really appreciate it.

Yes, I got your point and I agree with you. Currently the property prices are a bit down and it is a buying market at the moment. However I am having doubt because the big area of Phase 9/10 which almost as big as 8 phases in total.

Another problem with DHA is the increase transfer fee of almost 3 lac (including membership and all) which makes the current file 17.15 lacs for the buyer.

Anyways, phase 9/10 is still an option in my mind and this is why I did not invest in Phase 8. These days I am also interested in a plot which has good location for making house in couple of years time. However that I have to do later i.e. somewhere in July.

I would really appreciate if CMY can also comment on this. I would also try to call him.

Muhammad Saad replied on Monday, March 22, 2010 05:24 AM PST

I am holding my decision at the moment because I want to see that what would happen after the balloting result of Phase 8. Trying to learn from experience :-)

I have just started to take interest into such investment opportunities before I was sleeping. So I want to learn from experience.

Muhammad Saad replied on Monday, March 22, 2010 02:34 PM PST

I forgot to mention about your example of my father making a house and it's current price. Yes, you are right that the current price is way higher than what he spent at that time but this is not only because of increase in property prices in that area but it has to do with the inflation. The inflation has to do with dollar conversion rate as well. When he made the house the dollar was 12~13 rupees whereas at the moment the dollar is more than 85 ruppees. This has also contributed alot.

If I consider this inflation and dollar conversion factor then the increase in property prices becomes way less significant as it is looking now.

Muhammad Saad replied on Tuesday, March 23, 2010 02:48 AM PST

You are making good point but there is another problem which was not there when my father made the house. I was not able to convery my point earlier which I was trying to make.

The point I was trying to make is very obvious from the example you quoted.

Your mom was earning 500 per month and she bought a plot for 3000 which means that if she save here salary 100% each month then she can buy plot in 6 months. Mind you that the salary of a teacher (500) was below average at that time and still she can afford a plot.

Now take you wife salary as example which is 1 lac per month. This is above average salary and still it would take her 30 months to buy a plot.

So inflation has raises much more than the salaries. It is not that property has risen more rather it is the inflation which has raises more and salaries are not compensated according. It has become difficult for average people to buy plot or build home. If a person who has a good salary of 1 Lac (majority done have this salary) even he would take 30 months to buy a plot even if he saves every single paisa he receive. In Pakistan people are under paid.

I hope that my point is clear to you now.

(42277)

Jinnah gardens phase-1

Saturday, March 20, 2010 06:50 PM PST

Reply:

Jinnah Gardens phase-1 is excellent for safe investment. construction of houses started. very good location on islamabad expressway near anchorage & soan gardens societies. plot available at reasonable prices

Asad replied on Saturday, March 20, 2010 10:48 PM PST

Plz give plot prices with different sizes. More over it is said that there is filling in the area, is it true?
Regards

Arshad Mahmood replied on Monday, March 22, 2010 04:39 AM PST

What are the prices and status of utilities. I am looking for 1 kanal plots in street 4 or 6. Please send me an email if you have some availability. my email is

Haqan Zaidi replied on Wednesday, March 24, 2010 01:33 PM PST

What is the price of 30*60 plot in jinnah garden1 at good location.I have 9 lac should i invest in jinnah garden?

(42276)

sheikh

Saturday, March 20, 2010 05:28 PM PST

Reply:

need home in F and G sectors

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We need independent /portions in F and G sector Islamabad for our clients in embassies’ and multi national companies on Rent

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Waseem Malik replied on Saturday, March 20, 2010 09:04 PM PST

I tried your phone no. few times but for some reasons it does not work for me. Drop me your working phone number and email and I will let you know details of rental properties which are available in F sector.

House available in F-7 replied on Saturday, March 20, 2010 09:08 PM PST

Sheikh sahib can you comment on the rental market of F-7 Islamabad these days. What is the ratio of available houses versus foreign staff wanting to rent houses nowadays. Can you compare the situation with let us say two or three years back.

1. How much would a well renovated (with marble flooring) 4 bed older house on a 2 Kanal plot will fetch these days. I know you need to see the house first to give an exact assessment but I am only asking for a range.

2. Suppose a house was rented at 3000 dollars 3 years ago. Should the owner expect the rent (in dollars) to increase or decrease today.

I may contact you later but I would appreciate if you can respond to these queries here for every one to read. Anyone else knowledgeable of the situation is also requested to comment.

Arif replied on Saturday, March 20, 2010 09:27 PM PST

Waseem Malik Sahib I too need info regarding rental properties in F Sector. Can you send your phone number at so I can call you.

Waseem Malik replied on Saturday, March 20, 2010 09:58 PM PST

sure, details are in your mailbox.

(42275)

Adil Saeed

Saturday, March 20, 2010 05:05 PM PST

Reply:

Bahria Town Lahore Plots For Sale

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For Sale

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36.50 lacs.

Facing Park

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Lahore

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337

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36.50 lacs.

Main Blv +Facing Park

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290

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Bahria Town Lahore 10 Marla & 1 kanal plots for sale all dues clear ready for constriction.

For best buying selling in Bahria town Lahore plz contact.

0300-4009766
0322-4009766

:sh: :sh:

(42274)

DHA Lahore Phase 8 Balloting

Saturday, March 20, 2010 04:40 PM PST

Reply:

DHA Lahore Phase 8 Balloting

DHA Lahore Phase 8 Balloting

(42273)

DHA Lahore Phase 8 Balloting

Saturday, March 20, 2010 04:25 PM PST

Reply:

DHA Lahore Phase 8 Balloting

DHA Lahore Phase 8 Balloting.

Installments must be paid before a transfer.

Kamran replied on Saturday, March 20, 2010 04:32 PM PST

what a disaster this info will bring for investors. In my two pence opinion, files that are not included in this ballto will gain much interest than the plot for the investors.

CMY replied on Saturday, March 20, 2010 04:42 PM PST

Source official web site of DHA Lahore www.dhalahore.org

Kamran replied on Saturday, March 20, 2010 05:36 PM PST

It is alos not wise to pass on all the information to general public unless it is deem necessary. sometimes it has negative repurcussions.

aa replied on Saturday, March 20, 2010 09:40 PM PST

in my opinion this is a great thing. it will keep all the specualators out, who donot afford to pay the installments, and usually sell very fast after balloting. this will prevent immediate price crash after ballot.
also from this you can assume that there has been a tremendous response and dha has far more applications than it expected so they have decided to keep speculators out.
only my opinion

limo replied on Sunday, March 21, 2010 02:24 AM PST

Though i am for this move but the question remains why it has been disclosed at a stage when DHA has already earned billions in the form of processing fee.I am afraid it will put a lot of people into suspicions about DHA's proclaimed transparency.

EmJay replied on Sunday, March 21, 2010 12:58 PM PST

i believe DHA site info are being miss quoted. Mentioned below notice on DHA website not indicating all remaining installments but word is installment

NOTICE : LEFT OVER INSTALLMENT FOR PHASE - VIII WILL BE PAID BY THE BUYER AT TRANSFER

STN replied on Sunday, March 21, 2010 10:05 PM PST

EmJay.. The website says "Leftover Installments will be paid by the buyer at the time of transfer". Will you please translate these words in simple urdu if you think that DHA info is being misquoted?

If it had been written as "Outstanding" it could meant for any due but unpaid installment but the word "leftover" means the remaining installments.

To me, DHA might have taken this step to avoid the artificial price hike, like we have seen in Dubai where people just traded the properties for profit sake only and hence the original buyer (who intended to actually live) had no option but to pay extra prices.

I wait for the comments of janab CMY.

info replied on Monday, March 22, 2010 04:38 PM PST

If you have to pay all charges before transferring it is a very good move.

I personally think Government should implement a policy where if you have possession of a plot you must build within in 2 years like in Australia.

Otherwise current Real Estate business is not providing any real benefit to Pakistan's economy. It's just making rich people richer.

It's about time we start doing productive businesses. Just image the number of jobs you can create just in Lahore by forcing plot owners to start building in DHA alone (Phase 1 to 6).

Think of Pakistan’s future instead of short term gains. Think of your children and grandchildren futures.

(42272)

Breaking News

Saturday, March 20, 2010 03:24 PM PST

Reply:

For DHA Lahore phase 8 plots on installments transfer will be allowed with paying remaining instalments. Down payment can be paid in 45 days too according to newspaper ad in daily Jang.

According to DHALahore.Org instalments must be paid in full before a transfer will be held. You pick what suits you :)

DHA is closed today and no one available to tell for sure if instalments will be paid or not before the transfer.

Also note possession is announced for DHA 6 N and E blocks. Now all plots in DHA 6 have possession. Congratulations to all plot holders in DHA 6.

Ch Mujahid Yasin
03224009967

Kamran replied on Saturday, March 20, 2010 04:50 PM PST

what a mess! what a country!!confusion, uncertainity, ambiguity etc etc.

Shahbaz Dubai replied on Saturday, March 20, 2010 07:10 PM PST

On official website of DHA they reduced the Phase 6 market rates each sector by appx 10Lkh, it means Dha is discouraging people for investment in lahore.
Regards
Shahbaz
Dubai

confused replied on Sunday, March 21, 2010 04:46 PM PST

All confusing news is released on Friday so that there are two days to make money out of it.

(42271)

DHA Lahore Phase 8

Saturday, March 20, 2010 02:46 PM PST

Reply:

DHA Lahore Phase 8 Broadway Commercial Plots For Salee

AOA,

We have these ready plots for sale in DHA Lahore phase 8.

Broadway Commercial 8 marla C 182 @ 125 Lacs
Broadway Commercial 8 marla B 80 @ 125 Lacs
Broadway Commercial 8 marla D 48 @ 165 Lacs
Broadway Commercial 8 marla C 169 @ 1.10 Lacs

Broadway Commercial 4 marla D 165 @ 75 Lacs
Broadway Commercial 4 marla A 142 @ 85 Lacs

To buy or for details on these super low price plots please call
Adil Saeed of Lahore Estate at 03004009967

ashraf replied on Saturday, March 20, 2010 11:07 PM PST

D 165/A142 are a boundary plots . not more then 60 lacs.if interested e.mail me at . we can have a deal if price is right.

kmsiddique. replied on Sunday, March 21, 2010 09:21 PM PST

Dear DHA Lahore Phase 8, can I construct my 8 marla plaza and how much rent I can get now and how much stories I can make.

Kindly guide me.

If you have another better option for 8-marls, please give it here with your kind remarks OR shall i go for dha-8marla on installments.
Regards

Tariq Aziz replied on Thursday, April 8, 2010 07:16 PM PST

Can we have results of DHA phase 8 now?

(42270)

Jameel

Saturday, March 20, 2010 02:30 PM PST

Reply:

DHA 8 new Info

I just called DHA office, and asked about development charges for DHA ballot File Holders, they clearly told they will not be 10 Lac but he he cant disclose the accurate amount will be announced at time of Ballot.
They are also telling that if someone want to sell Plots in DHA 8 after soon after Ballot the buyer will have to pay full amount up front [all due installments in cash]. This will be detrimental for resale market.
In my view both are negative news but I leave for commentators how they interpret it.

(42269)

Jameel

Saturday, March 20, 2010 02:27 PM PST

Reply:

Phase 8 some new info

(42268)

noor khan

Saturday, March 20, 2010 12:49 PM PST

Reply:

Providing/Laying Water Conduction Main from G-13 to I-16 (New route of

Project Detail

Conduction of water from Shah Allah Ditta Reservior (Khanpur Dam) to new sectors
Additional Information: Work is in progress.
Agency: M/s. R. M gulistan Engineers & Contractors Pvt. Limited
Name of Project: Providing/Laying Water Conduction Main from G-13 to I-16 (New route of Shah Allah Ditta Line), Islamabad.
Directorate: W&S Development Zone - A Division

CDA is fulfilling its promise to provide water to I-16 sector .

check this CDA link

http://www.cda.gov.pk/cda-latest/includes/projects_wmt_detail.asp?var=96

(42267)

PRT News

Saturday, March 20, 2010 03:34 AM PST

Reply:

Regulatory framework for mobile banking to be finalised soon

Govt to construct roads in NWFP

Lake expansion threatens thousands in Hunza Valley

Karachi: One killed in land mafia clash

(42266)

Assad

Friday, March 19, 2010 11:48 PM PST

Reply: