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Request for comments from Jameel Mughal Sb on "J" Block Uppe,

(102445)
   tahir
Friday, June 10, 2016 03:10 AM 
Reply: >
Dear Jameel Mughal Sb.
Sir I am to much inspired with your observations and I am great fan of you for your forecasts in the field of property.

I purchased a plot of “J” Block upper cutting prime location on your recommendations in end of Feb 2016 and with the grace of Allah Almighty this is very lucky for me in terms of gains in just 3.5 months.

I am a Non-DHA investor and this is my 1st deal in DHA. With the implementation of new taxes I think there would be a correction in Non-DHA areas but I have no actual idea for DHA areas as big fish is always playing here.

I am planning to sell this “J” Block upper cutting plot but you are recommending to hold it as it will gain more with the passage of time and with the construction of LRR Interchange near “J” Block upper cutting.

I think new tax would not have so much impact on 5 marla good location as in worse circumstances there would be one Lac tax on 5 Marla plot, however, market seem to be fast in Ramzan due to coming of overseas in Pakistan.

Sir what do you recommend should I hold it or should sale it with 12 Lac profit.

Thanks in advance
:cl :cl
Jameel Mughal® replied on Friday, June 10, 2016 06:58 AM 

Tahir Hold It in Coming few months it will further gain and touch about 50 Figure, reason is if IVY green can be 50 Land Cost then why not this one, there are only 600 good location plots in upper cutting and only 10 to 12 in Market at a time. At 50 lac at point might stay for some time, then near possession it will further gain. J Block will be Ambassador of Phase 9 and 1st wave of Construction will hit it, You will see it Populated when all prism will be deserted.
look at phase 6 A Block 10 merla is beating even Kanal of Lower cutting of phase 6, Short supply and prime location.
However if you intended to sell in short time Sept to Dec will be good time when it reaches 47 to 48 Figure [or you gain about 18 to 20 Lac].
New gain tax on this Plot will be only about 35000 to 50000
webster® replied on Friday, June 10, 2016 07:21 AM 

Jameel sb would you pls share your opinion on lower cutting as its prices are also increasing with good pace and it seems at one point of time whole J block will be at par, J block lower cutting have high number of clean plots similar to upper cutting further interchange access also exist at lower cutting of J and K block. please share your thoughts on this point.
Tahir replied on Friday, June 10, 2016 07:24 AM 

Jameel sb thanks a lot
Jazak Allah
NHassan® replied on Friday, June 10, 2016 08:07 AM 

Dear Jameel Mughal Sb.,

Every property and file in Lahore have gained significantly in the last few months. Even Phase 7 that was under priced last year is now touching 150 lacs per kanal. The only exception however is Dha Town plots where the prices are not only stagnant but rather declined (as per recent evaluations by LRE).

What are your thoughts on Dha Town plots? Is it worth it to hold on the investments in Town in coming months?

Your expert analysis on Dha Town will be highly appreciated.

Thanks a lot....
Tahir replied on Friday, June 10, 2016 08:24 AM 

Thanks a lot
Jazak Allah
Arif M® replied on Friday, June 10, 2016 09:24 AM 

Jameel, thanks for sharing the valuable info. This is definitely helpful for many of the silent readers as well. You are one few experts here who try to remain objective and unbiased in their analysis.
j blk replied on Friday, June 10, 2016 11:03 AM 

Jameel sb what is estimate value for j292.. its cornor facing10 marla but not regularshape
Jameel Mughal® replied on Friday, June 10, 2016 02:44 PM 

@ Nabil, for Quick resale always go for 5,7 Merla Plot the own will be more, M4 is Good if yo want to own the plot for making home or selling later, For the people having cash I will still Recommend M2 M3 for Making home

@ JBlk, this plot have both good and bad features so overall average hold it

ArifM thanks, I am a small overseas investor. I always share my good and bad experience with forum and when I buy I share exact price but approximate location,
Jameel Mughal® replied on Saturday, June 11, 2016 06:47 AM 

@ Saeed very nice area, You may need bit of renovation as these were built by builder safe guard the roofs against leakage and fix Kitchen and Baths , it is best pick if you want to live there immediately, My experience is that once Plot sky rocket the houses Lag behind because of few buyers and look after issues. Then Slowly they pick so that their price makes sense.
If you have no intention to live there at all and sole for investment then buy in M2 or M3A one kanal plot in 90,95 Lac Budget this will be much easier to look after and gain will be much more.
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