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(36725)
   Riffat Sandhu
Monday, October 27, 2008 04:50 PM PST 
Reply: >
DHI Valley and DHI overseas Valley
It is heard that DHI and Bahria Rawalpindi put aside their differences to sell of DHI Valley and DHI Overseas Valley. Location is just next to phase 9/10 Bahria. Government has been said to intervened at very high level to manage this connivance.

This does not imply any kind of suspicions on development or future prospects. Rather it is expected that Malik Riaz will manage the development of the Valley. Not in very near future though.
atiq raja. replied on Monday, October 27, 2008 06:43 PM PST 

yes.
asad replied on Monday, October 27, 2008 06:48 PM PST 

what yes raja sahib?
atiq raja. replied on Monday, October 27, 2008 06:57 PM PST 

MR AKHTAR,overseas valley is not part of overseas block,it is different scheme and end of ext,i told so many time now dha plying games to get money on the lines and with the help of malik riaz, ,for your knowledge in the center of phase2ext a 200ft wide road goes/ approach to bt 10,construction of this road is joint venture of bt and dha,i think know you under stand all game.
akhtar replied on Monday, October 27, 2008 07:09 PM PST 

Raja Sahib,theek hay Raja sahib, Over Seas Block is near to Mordha instead of siallah. I thought that May be Overseas block is closed to overseas valley.

Sorry for confusion.
atiq_raja. replied on Tuesday, October 28, 2008 05:07 PM PST 

no.
AKHTAR replied on Tuesday, October 28, 2008 11:20 PM PST 

Raja sahib, do you have any information about University Town announced in July and last date was 24 july 2008. I have submitted my application for a plot size 50X90 Feet before July 24, 2008.

Since 3 month i could not receive any reply from Star Marketing or Khayber housing society islamabad.

Pleasd advise me?
Nafees Gardezi, Lahore replied on Tuesday, November 4, 2008 01:57 AM PST 

I would also request Raja sahib and other fellows of this great website to give informations to friends who paid all dues to university Town Rawalpindi,since long but have not been alloted any plot yet.only promises.Delaying means something very big id wrong....................
>
(36724)
   LRE Rates Update
Monday, October 27, 2008 04:44 PM PST 
Reply: >
Lahore Real Estate Market Pulse Oct PM
DHA Lahore Phase 5 . Allocation 1 Kanal seller at 41 Lacs

DHA Lahore Phase 5 Extension. Allocation: Buyer(s) at 31.50 Sellers(s) at 31.60 lacs

DHA Lahore Phase 6 Allocation: Sellers(s) at 44.00 Lacs

DHA Lahore Phase 7 Allocation: Sellers(s) at 25.50 Lacs

DHA Lahore Phase 8 Allocation: Buyer(s) at 37.50 Seller(s) at 37.60 Lacs

DHA Lahore Phase 9/10 Allocation: Buyer(s) at 15.50 Seller(s) at 15.60


Parkview-DHA-8 Lahore 1 kanal allocation OPEN file Buyer(s) at 31.75 Seller(s) at 31.85 Lacs

Parkview-DHA-8 Lahore 1 kanal allocation Transfer file Buyer(s) at 31.95 Seller(s) at 32.00


Parkview-DHA-8 10 Marla allocation Buyer(s) at 22.40 Seller(s)at 22.45 Lacs.


Bahria Town Rawalpindi Phase 9 10 marla 3 paid file buyers at 1.80 lacs sellers at 1.81 lacs

Bahria Town Rawalpindi Phase 9 10 marla 2 paid file buyers at 1.31 lacs sellers at 1.32 lacs


DHA Islamabad Phase 2 Extension 1 kanal open file 9.30 Lacs.



Latest Maps From Lahore Real Estate



*** Always deal with Registered/Authorized Dealers only ***

Rates you can trust provided by:

Ch. Mujahid Yasin (CMY)
Lahore Real Estate
Registered/Authorized Dealer (DHA, EMAAR, Bahria Town, Urban Developers, etc.)
+92-300-400-9967
+92-322-400-9967
eMail: LRE786@GMail.com

http://www.LahoreRealEstate.com/
Mughal replied on Monday, October 27, 2008 08:05 PM PST 

I have been waiting to buy a 10 marla Park view file but the price is not going down. Instead it just keep going up. Will it go down or should i buy it at current price?
tahir replied on Tuesday, October 28, 2008 06:36 PM PST 

Mushal sb

Whar are the prospects of 10 marla park vie

if you have any information kindly share with us

rgds
>
(36723)
   Amir Khan
Monday, October 27, 2008 02:56 PM PST 
Reply: >
Pakistan Requires Foreign Exchange
Dear All,

We all know the current situation of our country, one of the main factor is lack of foreign exchange. We can make a little difference if we transfer some amount(Riyals , Dollars etc) to our bank account in pakistan.

What you need to do is to keep this money in your bank account in Pakistan for a short period of time. Sending money and then spending it would not make any difference. Just keeping it in the bank for at least six months would make lots of difference.
Together WE can MAKE a Difference!

I will transfer SAR:5,000 in my account with a Pakistani bank in Pakistan and would not touch this money for six months. I am sure adding to what you all will be sending, it will Insha'Allah make the difference!
We lose nothing and our country gains a lot....
Pakistan Zindabad Paindabad
:pkf
Sarmad Khan, Sharjah replied on Monday, October 27, 2008 03:07 PM PST 

Good gesture and need of the time. Indeed, we all earmark some amount for a couple of months and if possible, for years.

Can anyone kindly ask ZARDARI sb, please bring back your billions dollars from overseas banks instead of begging from other countries. If he do so, all overseas Pakistani will follow him.
Real Money replied on Monday, October 27, 2008 03:42 PM PST 

No need to follow Zardari

Just let him bring half of his money to prove his own sincerity and also just restore the justice in the country.

I assure you that money will rush in the country more that you wish.

So much you would like to refuse some money.

No justice no investment
Naveed Yaseen replied on Monday, October 27, 2008 04:14 PM PST 

> Sending money and then spending it would not make any difference. Just keeping it in the bank for
> at least six months would make lots of difference.

Avoid keeping it in bank. The purpose of easing forex pressure would still be served 100% without keeping in bank (or even without bank being in equation).

Rather than keeping it idle in bank, cash, gold or other unproductive assets, invest it where it generates employment and utilizable economic value in efficient way.

The later option, besides being better for society, is statistically likely to get you better profit.
ASAD replied on Monday, October 27, 2008 04:28 PM PST 

yesterday i transfered DH20000. to may MCB A/C.
AKHTAR replied on Monday, October 27, 2008 04:33 PM PST 

Pakistan Zinda Bad

I have transferred US$ 5000 to my ABL A/C.

Tell to ZARDARI / CDA a open a new sector near chack Shazad / i-12 same as DHAI overseas block at same rate for overseas pakisitanies instead of his politician fellows?

THEY WANT SUCK BLOOK OF OP THEY WILL NEVER GIVE OP FAVOR?
Habib replied on Monday, October 27, 2008 05:52 PM PST 

I think at present pakistan only can export "brains", And it not shameful, We just need to do little maintinance of our educational systems like introducing GMAT GRE IELTS and USMLE type, of poers in ou exams and Improve Bit of english during professional education. Encourage maximum professional to Gulf and other satates. Give them Long ex Paksiatn renewable leaves [as i know 90% people dont come back to Join in Govt service if they spend 3,4 ys abaroad, but when they are leaving they want to keep Govt's job option open], Let people open Private Medical colleges, nursing colleges and eng colleges but keep an eye on Standarad.
.Meanwhile Govt should give options to overseas people to invest in Industry like Govt can act as middle man or Guranteer, paying Mininum this much and Max this much dividend, Like Sukuk Bonds.
Govt should also Float sahria Compliant account in national savings. Honestly I want to invest in similar account but Think new Islamic Banks in pakistan are not as safe as Govt's backed accounts.
These things can be done overnight. No long Planning and infrastructure is needed.
Amir Khan replied on Monday, October 27, 2008 07:15 PM PST 

Introducing GMAT or IELTS will not serve 75% of pakistanis who live in villages, this is not the issue now. Our contry don't have reserves to purchase oil after 2 months and Saudi has already refuse to provide oil on credit because they don't trust/like Zardari(we know how he keep his promises).

Also, to get foreign investment we should have free judiciary system to get foreigners trust.

Once Bill Gates visited UAE for investment porpuse. UAE ruler asked Gates "are u willing to invest". Gates asked the UAE ruler "in your country can i Sue you if something goes wrong" the ruler said "No Way" and from that response Gates refused to invest.
Nasir replied on Monday, October 27, 2008 08:01 PM PST 

Long Live Pakistan.

I just transferred 55,000 SAR to my UBL account in Pakistan and I will make sure that I trasfer same amount within a week.

May Allah save our country.
Way to earn forex replied on Monday, October 27, 2008 09:05 PM PST 

Zardari was then charged with blackmail, for having allegedly tied a remotecontrolled bomb to the leg of UK-based Pakistani businessman Murtaza Bukhari and then ordering him into a bank to withdraw money from his account.
http://www.tehelka.com/story_main40.asp?filename=Ne200908CoverStory.asp
HBM replied on Monday, October 27, 2008 09:08 PM PST 

A couple of weeks ago I learned through some senior bankers that the SBP was allowing the transfer of huge amounts of US$ of one unnamed person to the UAE. Obviously, it doesn't take a genius to figure out who that person is.

The brotherly nations whom we look towards - with desperation and a feeling of entitlement - will have enough sources/intelligence to find out what's going on. That is why they are not extending any help: because beggars in silk suits with $bln bank balances aren't very effective at making a case for aid.

It is about time we get our priorities right and stop living beyond our means. Actually, most of us don't but the army and the politicans have been doing so on our behalf.

I haven't been able to figure out what (further) tragedy would befall us if the country actually defaulted?
Ali3 replied on Monday, October 27, 2008 09:17 PM PST 

Mashallah! This is the best post i've read. Thank you Mr. Amir Khan! (and Mr. Nasir, Mr. Akhter, and others who have followed the advise). You have started already something with actions rather than just lots of words (like me). May Allah grant you Kalma at time of death, May Allah grant you Jannat Firdous.

I am not an overseas Pakistani, but i've always written about the honesty and purity of overseas Pakistanis. I think it's time for the overseas Pakistanis to enter politics in Pakistan. Not just talk, or small help here and there, but in a big way.

Yes, it doesn't matter if the money stays in the bank, but it should come through the banking channel. Also, it's better to start productive activities rather than invest in open lands. There are many profitable venture from which you can benefit too, employment can be generated too and country will benefit too.
Amir Khan replied on Monday, October 27, 2008 10:20 PM PST 

I would like to request Website Admin. to promote this discussion and put this post on top.

Almost 4 million pakistanis live abroad, if every person sends 300 dollars that will become 1.2 billion USD.
real observer replied on Monday, October 27, 2008 11:00 PM PST 

Dear All,
I have 45,000 euro and 10,000 dollers in Allied Bank Mardan and last 2 wks many people told me to withdraw them but i did not and even i send 60,000 SAR last wk.Dont listen to people and help pakistan .
chamo replied on Monday, October 27, 2008 11:45 PM PST 

I would love to do so provided our leaders set some example in this concern first.Let these so called leaders declare openly today that they are bringing all of their money back to Pakistan, and once they do it, there will be a flood of remittances flowing towards Pakistan.Gesture that friends have shown here is commendable and indicates how much we love our country but its only the occupancy of insincere, untrustworthy and corrupt leadership that makes our feelings bitter for our copuntry.
Salam replied on Tuesday, October 28, 2008 01:39 AM PST 

I'm wondering few months back we had about 20$billion in forex reserves but we failed to capitalize on them and now what difference 1.5$billion are going to make?
We don't have any system in place to control the flight of forex from the country. Than why should we naively send money for a purpose which seems impossible?
I can send USD to Pakistan but only if govt. proves they are serious on curbing transferring of forex from Pakistan to Dubai.
I would also like to have tax exemptions against my capital, which I have earned abroad. I'm even willing to furnish my salary slips duly attested from concerned Pakistan embassy.
All foreign investors get tax exemptions, VIP treatment and on top of that they are allowed to take their profits out of country. What is the incentive for overseas Pakistani?
abj replied on Tuesday, October 28, 2008 12:50 PM PST 

Great idea. I have asked my brother to deposit the money from the sale of my car into my mcb account rather than transferring it to me. I will be transferring a certain dollar amount every month going fowrward to my MCB acct.

I have forwarded the idea to all Pakistani friends I have email addresses for, and have requested them to do the same, and to request others as well thru all available channels.

Unlike my other friend, I donot expect VIP treatment from the govt, no assurances or any guarantees, for depositing money in my own bank account that remains my money before and after, but this act will go towards a bigger cause. Its really not a big deal individually, but can bring the country out of financial crisis.

How can we get this idea out to the expats? I know a lot of expats visit this forum, but a lot others dont. Can the media help? ARY< GEO<, Shoakat Kahnum's mail list, Pak Embassy's list etc? Maybe if enough people email to these 2 channels, they can come up with clips during after talk shows etc. Please share ideas.
Syed Mansoor Ali replied on Tuesday, October 28, 2008 03:56 PM PST 

To all

I have gone through all messages from my overseas Pakistanies and appreciate their interest in the wellbeing and welfare of pakistan, factualy speaking though it is beneficial to send foreign currency through normal banking channels and keep the same in bank for some time yet it would be more beneficial to the nation to put the amount in some business activity, putting the amount in business activity not only gives employment to some one which helps your countryman to abstain from begging profession but it will also activate the present dullness of business activity in pakistan.it is my suggestion to my fellow overseas pakistanis to please direct their family members in pakistan to take part in some business acitvity rather to expend the hard earned money on no-productive acttivities.

thanks
>
(36722)
   Question
Monday, October 27, 2008 12:16 PM PST 
Reply: >
Attention: Mr. Waheed Malik (ref Statelife II Meeting on 26th)
Dear Mr. Malik,

You gave us some info about a meeting of Statelife II on 26th October, 2008.

Many of us will appreciate if you could give us some insight into this meeting's agenda and its outcomes. I am supposing you attended this meeting or atleast know how it went.

Other visitor's comments are also welcome.

Thank you.
Pardesi, Jeddah replied on Monday, October 27, 2008 01:57 PM PST 

It will be highly appreciated
Amir Khan replied on Monday, October 27, 2008 03:07 PM PST 

We all are waiting to hear from SL II.
A Well Wisher replied on Monday, October 27, 2008 03:12 PM PST 

There are thousands of well wishers who want to know the latest about this scheme.
Waheed Malik replied on Monday, October 27, 2008 09:00 PM PST 

Dear Brothers
Iam not surprised to hear from so many sides, as this is true that this scheme is going to get the DHA tag may be with in two to three years of time frame. As far as meeting is concerned, please give me a day or so as I personnaly received my invitation card, which I can post here after scan (but unfortunately could not attend due to my business commitments) and saw the invitation letter of my fried as well , who is aalso a member of Ph-II. But I will comment after consulting atleast three heads and General Secretary who attended the meeting.
B.Regards
Waheed
A Well Wishar replied on Tuesday, October 28, 2008 12:27 PM PST 

Dear Waheed Malik Sahib,

Thanks for the brief and nice reply.

We all will wait for your detailed comments.

I have a one kanal good plot in Statelife-II. I will be in a better position to decide to keep or sell it, after getting your comments. I have paid 22 lacs for the plot in total (10 paid) and now the value is 14 lacs only. Should I face a loss of 8 lacs and reinvest in DHA Phase 9/10 or keep it?

Best regards.
>
(36721)
   Butt
Monday, October 27, 2008 10:56 AM PST 
Reply: >
Sector C 10 marla house construction information
Sector C house construction
I have a plot in sector "C" Gulbahar block.Its ten paid with allotment letter.I want to construct home on it.I need to know how much money I need to pay Bahria Town before actual start of construction ie development charges,possession,map approval,utilities,demarcation etc etc.

Its a ten marla 40*60 size plot

Kaisrani Sb,Adil Saeed,CMY or any other person please reply
chamo replied on Monday, October 27, 2008 11:16 PM PST 

Other than development charges, you will have to pay to bahria around 160000, that includes possession, demarcation,map approval and utilities.
>
(36720)
   aa
Monday, October 27, 2008 08:52 AM PST 
Reply: >
some currencies loosing value fast.. over seas pakistanis be care ful
Ahmed replied on Monday, October 27, 2008 01:05 PM PST 

No one can do anything. Every thing, be it property (whereever you have even in Dubai) currency, gold are going down. Every wealthy person has to get a hit.
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(36719)
   Khan Abdul
Monday, October 27, 2008 03:12 AM PST 
Reply: >
2 Kanal Plot Wanted in Bahria Town Lahore
Ad Type
City
Scheme
Phase
Size
Wanted
Lahore
Bahria Town
C
2K
Wanted 2 Kanal Plot in Sector C Bahria Town Lahore. Please email with your plot details, demand, and contact cell number to
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(36718)
   ehsaan
Monday, October 27, 2008 01:47 AM PST 
Reply: >
DHAI Valley ballot is included with overseas too? Would any body like to answer?
I.G.Khan replied on Tuesday, October 28, 2008 01:11 PM PST 

No overseas block is not included in ballot results.
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(36717)
   shoaib shahid
Sunday, October 26, 2008 11:52 PM PST 
Reply: >
plot for sale in suigas housing society
Ad Type
City
Scheme
Phase
Block
Plot
Size
Demand(Rs)
For Sale
lahore
suigas society
1
e
124/6
18.5 marla
6200000
3 minutes drive from d-h-a phase 4 and 5 excellent location
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(36716)
   Dr. Haider
Sunday, October 26, 2008 11:26 PM PST 
Reply: >
Bahria Town Sector C
Hi
I am planning to visit Pakistan in December. I am wondering if someone provide information about status of Bahria Town Sector C. Can I construct homr there? I have one ploy in Gulmahar. Special request to Mr. Kaisrani to update us about Bahria Town Sector C.

Thanks
IR replied on Monday, October 27, 2008 02:12 AM PST 

Dear Dr. Hadider sahib,

You might not get your plot in Gulmehar block. Please contact me at to get more information.I am in a position to update you in detail.
saeedusa replied on Monday, October 27, 2008 08:54 AM PST 

I own a plot in in Gulmahar too and i am an overseas pakistani and i like to know more information too about Gulmahar and i am sure lot of other overseas pakistani like to know too.Why don't you share that info over
Hussain Kaisrani replied on Monday, October 27, 2008 11:33 AM PST 

Dr. Haider and saeedusa Sahiban,
It is now difficult to explain the details of Gulmahar in general. If we have an idea of plot No.s then I will be able to comment.

==========
Brother Imran Rabbani has gone through all the process pratically for getting possession (or at least allotment letter from Bahria Office) of his plot in Gulmahar Block. It is very kind of him that he contacted me and we remained in touch during this process. I will request Brother Rabbani for providing the information here for our members. If needed I will write on the subject after Rabbani Sahib's comments.
==========
saeedusa replied on Monday, October 27, 2008 11:47 AM PST 

My plot no is 746 gulmahar.
khan from canada replied on Monday, October 27, 2008 04:51 PM PST 

I also have a plot in Gulmahar. It is in the 280s line. I will really appreciate if people like IR and Kaisrani Sb. can elaborate what is happening here and what we should do.

Thank you.
saeedusa replied on Monday, October 27, 2008 09:24 PM PST 

Hussain SB,
Can you provide us the detail info about Gulmahar that what's going on there so we are ready for it and prepare to fight back with Malik Riaz.
Dr. Haider replied on Tuesday, October 28, 2008 02:40 AM PST 

Dear Mr. Kaisrani
My plot number is 377 and I have allotment letter as well.
khan from canada replied on Tuesday, October 28, 2008 04:48 AM PST 

The above posting is not posted by me. I donot have any plot in Gulmahar. I think either this person is using my site name or there is a confusion between the two- Admin please note for correction-Thanks
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(36715)
   nadeem
Sunday, October 26, 2008 09:26 PM PST 
Reply: >
buying commercial and residential in DHA
Ad Type
City
Scheme
Wanted
lahore
DHA
pls advise availability of a good price /cash payment for 1 kanal price in DHA 6 or as alternative 05. Not interested in market rates or bad plots .payment could be done in dollars or euros.commercial in DHA 06/07 would also be interesting.
>
(36714)
   ehsaan
Sunday, October 26, 2008 09:21 PM PST 
Reply: >
DHAI web site is down
Advisor replied on Sunday, October 26, 2008 10:20 PM PST 

Updating with succeessful DHA Valley list. Will be online by Tomorrow,inshallah.
>
(36713)
   Habib
Sunday, October 26, 2008 09:03 PM PST 
Reply: >
What is news about PICIC Bank
Does someone know what is the news about about PICIC Bank as I heard its accounts has been frozen?? Or tkaen over by State Bank is it correct.
lahori replied on Sunday, October 26, 2008 11:55 PM PST 

no totally false
Assad replied on Monday, October 27, 2008 12:39 AM PST 

AOA
This is baseless/rubbish, dear friends please don't spread rumours.
Regards
Rehman replied on Monday, October 27, 2008 01:11 AM PST 

First of all ,THERE IS NO PICIC BANK NOW. NOW IT IS Called NIB. Secondly, it is a totally false humour.
Defence Road replied on Monday, October 27, 2008 01:10 PM PST 

Habib,

Is PICIC bank also located on Defence Road?
I am just curious becasue anything in the vicinity of Defence Road is totally crap as per your goodself!!!

Anyhow, there is no more PICIC, it's NIB now.
>
(36712)
   Habib
Sunday, October 26, 2008 08:30 PM PST 
Reply: >
is market undervalued at the moment??
If you remember these vague formula you may not have difficulty in Judging price in speculative or Underpriced market , the best guide of realestate worth are Built houses in Populated areas, In 2001 to 2005 Boom the prices of houses in populated areas say Johar Town only doubled where as in cerain plots or files they increased 5x or even 6x.
The simple formulas are
1. Price of Flat should be equal to 10 to 12 Ys of "Stable rental" income of Flat.
2. Price of Solid house shoud be 20 ys renatal income of House.
3. Price of plot under development by Good developer like in Phase 7 should be 1/4 of price of average house in Populated area.
4. Price of plot among houses should not be more than 1/2 of House's price.
i did not comment on files as they may have many unforeseen/delaying problems so they should be dealt case to case.
Looking at these figures it looks the market is exactly at its right worth at the moment or slightly undervalued in certain areas. So sale and purchase may be slow but market is not severly undervalued
tzk replied on Sunday, October 26, 2008 09:37 PM PST 

may be if you consider conversion rate. Dollar is 80 compared to 60 a few mnoths ago. so for foreign buyers it is 25% cheaper just because of convesion rate
arsu replied on Sunday, October 26, 2008 09:41 PM PST 

Is there any formula to find out at what price a certain house should be rented out? Like an ordinary 5 marla plot costs around 1200000 lacs and construction cost is around 1800000. So how one can determine the monthly rent of this house?
Real Money replied on Sunday, October 26, 2008 10:18 PM PST 

Dear Arsu

According to he formula of Mr Habib rental yield of the house in Lahore is 5%

The prices you mentioned indicates that the cost of the house is
30 Lacs(12lacs+18lacs)

5% rental yield is 1.5lacs and so monthly rent should be at 12500

Pakistan have very low rental yields. There are countries with rental yields up to 15%

This means that you can generate rental income in some other countries up to 3 times what you can generate in Pakistan
Jameel replied on Monday, October 27, 2008 01:19 AM PST 

These are all gross Calculations, and can help you only if you are grossly Wrong, But It cant help you to get exact worth of Certain Plot or property.
If you are intrested to buy some patrcular Property then you will ahve to use other methods,
Guest101 replied on Monday, October 27, 2008 04:50 AM PST 

There is literally too much supply and options for property now. A mircale can increase the prices now before at least 5 years.
just curious replied on Monday, October 27, 2008 05:47 AM PST 

Dear Real Money,

Are you talking about residential rents or commercial? I recall one or two post by Aamir sahab in which the yield was 15% in Islamabad.
Real Money replied on Monday, October 27, 2008 03:33 PM PST 

Dear Jameel
We are all here to learn for each other. We know that more accurate will be survey and there is no substitute to survey. However if do you have any other methods than please share. Thanks

Dear just curious

If there is a property in islam abad with rental yield of 15 % than it is a great news. Please confirm it and let us know the details
Habib replied on Monday, October 27, 2008 04:19 PM PST 

I mentioned these these facts only for Rough estimation, And these Formulae are For pakistan, Not For other Countries, In other countries rental income can be more.
In UAE where I am living the retal market is very artificial, The Rents go up and down based on expatriate population trends, In 80 Rents were very high then in late 90s Rents were 1/2 and Now again they are double, The owner having house rent in of 100000 Dhs in 1987 cant imagine that his Flat's rent can be 50000 in 1997, [in pakistan he would be expecting at least Double in 10 ys], Govt have ceratin policies to protect the benefits of property owners, like Govt Companies are "not allowed to pay cash" to the employees, And if they entitle you for 100K rent you cant get benefit, if you rent house on 60K, In early 2000s there used to be "strange bargain", One of my friend was entiled for 100K rent when he approached an apartment owner asked 80K, When he realized that persons limit is 100K, He said OK I shall give you New 16 Cubic feet Fridge, If you sign contract at 100K.
Similarly in US most of westeners dont like to buy the houses, they have habit of switching Jobs very often, and usually they continue switching, many have no Children or Dont stick to one Place for children education. For them there is no use to buy houses, Plus they also get Tax refund on rets, So they dont mind Paying more trents, Recently my friend came from US he said he is expecting some 9% annual rent of his $300K house.
arsu replied on Monday, October 27, 2008 11:27 PM PST 

Habib can one expect that present rents would also sometime come down like it did in the past, as you said in late 90's they became almost half of what they used to be in 80's.Talking about UAE only.
Nazir replied on Monday, October 27, 2008 11:57 PM PST 

"Recently my friend came from US he said he is expecting some 9% annual rent of his $300K house."

One clarification, Rent 9% on 300k is correct but there is a tax of 3.5% on 300K as real estate tax, 1% Home insurance etc which owner pay so you need to subtract them and it will be % = 4.5 % annual yield....

Second there is no tax refund on renting, actually it is opposite, all tax refunds are on home ownership.
Habib replied on Tuesday, October 28, 2008 02:58 PM PST 

Dear Arsu, it is long subject But i think these rents will not come down in abu Dhabi in Short term may be in 5 ys they will stablize, as they have many "Govt Jobs" The only thing can decrease the rents in Abu Dhabi if employer pays cash and People start healthy bargain as people have to pay from pocket.
Where as in 5 ys time Dubai rents should be about 60% of current level. 50% of Population in Duabi which you see on roads are people related to Construction, Dont take into account only Labour or Civil engineer, there are 50 related professions. From health care to airline tickets.I give you an example i know a person who works in Big Insurance Co in Dubai, they insure every thing from houses to Cars but he was telling 90% of their Business at present in to insure Construction machinery like cranes etc, Dubai cant contine buliding at same pace for long time process has to halt in 5 ys time, when you will see about 30% people will leave Dubai and about 30% houses additional supply will there in 5 ys time.
>
(36711)
   Shad Khan
Sunday, October 26, 2008 08:21 PM PST 
Reply: >
DHA VAlley
Does anyone have any idea what is the market rate of DHA valley 5 and 8 marla plots? Especially in view of more than 50,000 plots allocated during ballot.
Javed replied on Sunday, October 26, 2008 09:34 PM PST 

The price is already five lacs for 8 marla.
Shad Khan replied on Sunday, October 26, 2008 10:17 PM PST 

There is no doubt about the figures. DHA received 55,000 applications and only 5000 have been declared unsuccessful. What does it mean??? Naturally 50,000 have been allotted with plots. My question was whether there is any "ON" money or not??
Ali - OS replied on Monday, October 27, 2008 12:13 AM PST 

If Mr. Shad Khan is right, then Wholoe Valley Site is comes as under:
50,000 Plots of 5~8 Merla,
Averge 5 & 8 Merla = 5*225+8*225 /2 = 1462 Sft
50,000 Plots total areas = 73,100,000 sft or 6,793,680 m²
In my assumption empty, services roads and Plots area 50 and 50%
With 40% empty area total areas comes to = 2 x 6,793,680
= 13,587,360 m² or
3686 m x 3686 m or 3.69 Km x 3.69 Km
This 3.69 Km can be accessed from physical at site.
If some one visited the site, can be estimated that how much plots are vailable in this scheme
Nisar Khan replied on Monday, October 27, 2008 12:56 AM PST 

The market rate is 5 lacs according to my iformation.
Jameel replied on Monday, October 27, 2008 03:03 AM PST 

Ali OS had done correct Calculation and actual area on google earth is even more than that.
The figues of actual own will come in 2,3 months time, And Looking at this Bulk of plots and Such a high Ratio of sucessful cnadiadtes it is sure that own will not be too much it may range form 50K to 1.5 lac. But It would also be wrong to Judge it by DHA ext Kanal Plots, usually smaller plots are rated more than bigger so you can consider that price of One 5 Merla and one 8 Merla should be equal to One Kanal plot in worst Block of DHA 2 ext, Now if DHA ext 2 has price of about 11+7 lac then the worth of these plots is same as Fixed by DHA.
i dont think small investors will sell it even 5000 Less than they Bought, As it is 100% acquired land so no files will be in circulation to determine the worth in secondary market.
But big negative point here is, I am afraid this area will be developed very late, and residentail potential will start even later. So Consider it long term investment but not bad to hold.
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(36710)
   Butt
Sunday, October 26, 2008 04:26 PM PST 
Reply: >
Photos of phase 7 development
CMY sahib

I read afew weeks back that you were going to take pictures of the development work that was going to be carried out in phase 7. I think the phrase you used was'Consider it done' I want to know when these will be updated thank you
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(36709)
   Mir
Sunday, October 26, 2008 04:23 PM PST 
Reply: >
Recession
AA

Dear CMY and all respected brothers,

I don't have too much information on DHA and this is why I am posting this question. My aim is not to cause panic but to gain an accurate picture.

The world is going through a world wide recession and in many markets real estate markets are the first to take a hit. I want to know how DHA is weathering this recession. Also there are phases that have just been completed such as 6 are there prices depressed or are they good compared to the market. Secondly phase 7 is being developed at good speed are the prices for this phases plots going up or down?

Thank you in advance there are many knowledgable brothers on this page please could they give there opinions.
Habib replied on Sunday, October 26, 2008 08:05 PM PST 

Mir, world is seeing recession today but Pakistan realesate was a leader in that, it had hard landing in 2005, Now it is midway after which recovery may start. So you will see recovery will start from Pakistan and will goto all the world. This is not a joke, neither Pakistan's has a great impact on world's market it is just the timing. We were already in recession for last 3 ys and as per my estimation we are midway in that Dark era,
In next signs of recovery the market will stay realistic and may not shoot like which was mainly speculative.
Coming to Phase 6,7 Prices these prices are not low because of development or possession concern rgather they are low because of depressed market. I Would say phase 6 is on its realistic price and phase 7 is mildly undervalued than its worth.
limo replied on Sunday, October 26, 2008 10:11 PM PST 

Looks like a fairy tale to me.
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(36708)
   adnan
Sunday, October 26, 2008 03:59 PM PST 
Reply: >
park view 10 M
Ad Type
City
Scheme
Phase
Plot
Size
Wanted
lahore
dha 8 park view
8
10
10
Dear CMY

I have budget of 20 lakh
can I have good location 10 M posession plot in park View dha 8 where house construction can be done within 2 years

rgds
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(36707)
   Danish
Sunday, October 26, 2008 03:34 PM PST 
Reply: >
To buy a two Kanal Plot in DHA Phase7
Ad Type
City
Scheme
Phase
Plot
Wanted
Lahore
DHA
7
2K
Looking to buy a two kanal plot in phase 7 or 8 with a view of next 3-4 years. or Is it wortwhile to buy two plots in phase 7 together? Does DHA allow to combine the two plots for construction.
CMY please advise and let me know any such plots with you.

thanks
Lahori replied on Monday, October 27, 2008 06:23 PM PST 

I have a pair in Phase 7. Interested in buying?
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(36706)
   SSH
Sunday, October 26, 2008 12:25 PM PST 
Reply: >
Present Status of Sector D-12 Islamabad
Ad Type
City
Scheme
Size
Cur. Rate
Islamabad
D-12
35 x 70
I wand to buy a plot in Sector D-12 of Islamabad. I am not aware of the present staus of this sector. Would somebody care telling that is it possible to start construction of the house in this sector right away or would it take some time to do that?
I am an overseas Pakistani and would appreciate valueable input on this issue. Thanks in advance.
Desi replied on Monday, October 27, 2008 09:33 PM PST 

Dear SSH,

70 percent of the development work has been completed. Contractor is dragging it's feet to complete the rest of the work for the last several years. As of two weeks ago the new CDA chaiman has created a committee to oversee the work and provide a status back to CDA on a weekly basis. If the contractor choose to complete the work CDA could provide the possession by April 2009. However these dates have been moved forward many times.

D-12 is supposed to tbe most beautiful and proper sectors of Islamabad. However you may have to wait a while to start building if these dates move yet again. If you can tolerate for two years before you can build, then it is a very good place. You can find much cheaper places to build if the 'location' is not your top priority. I myself bought a plot in D-12 one last year.
hashmat karim replied on Monday, August 24, 2009 04:58 PM PST 

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