Lahore Real Estate Forum

Start NEW Topic Or Post Advertisment

                                                          
 
Back to Forum |

Advice Required from Jamil sb, habib sb and other repected Experts,

(103356)
   K Saddiq
Saturday, June 25, 2016 11:22 AM 
Reply: >
I have a very basic query, but i am confused about it.

As you know that there are so many ways in our country to get deceived. If i am planning to buy a plot in State life phase 2, how to make sure that the file is genuine and the file is not problematic and some other person will not claim the land in future. Is there an official institution in Pakistan to cross check before buying a plot?

THNX AND JAZAK ALLAH
Habib replied on Saturday, June 25, 2016 02:49 PM 

Dear Sir, I Never had deception in any of my deals so far, However If you want extra precaution deal in DHA, The Only deception you may have you will buy 2 Lac expensive and then it will cover in few days.
Coming to state life 2, it is at good price but still not good,
File will not be problematic in 90% cases and no one else will claim land

However it my not be developed for Long time and your money will be stuck, There is clear indication by LDA that they are not permitting new changes proposed by them.
You can go to one window LDA and ask about state life 2
If You tell the budget we may advise you better DHA Multan and DHA Gujranwala are still good buy, but Keep in mind it will mature in 6,7 ys in between if it goes down don't regret.
Arif MŽ replied on Sunday, June 26, 2016 05:23 AM 

Completely agree with Habib sb. You will not face any frauds in SL-2 at time of transfer. No qaza group issues. But the main issue is that SL-2 does not have enough land to deliver. They have issues with LDA. Because of these reasons your money will remain stuck and not grow. It will be better if you can invest in DHA Multan, BWP etc.
Arif MŽ replied on Sunday, June 26, 2016 12:43 PM 

No one will question the prime location of SL-2. No doubt they have it. But they ll have to first sort out things with LDA. 14 marla gimmick along with additional commercials that they have offered must also be approved by LDA. and it will not be easy job.

In addition you should also check the prices of SL-1 which has even better location, developed, populated and yet prices for 10 marla have not gone beyond 60-70 lacs. Considering this, I dont feel SL-2 is worth the risk. That said I also agree that DHA-Multan/BWP current prices have seen a jump. But i feel Multan still have plenty of juice left in it. If you are not interested in these then you can search for other underpriced options in Lahore that are less riskier than SL-2.
K Siddiq replied on Sunday, June 26, 2016 02:14 PM 

Arif sb
can you plz suggest priority wise investment options ranging between 3-4 millions for 5 years incl DHA Mtn,Bwp and Pshr....thnx for your kind guidance
Arif MŽ replied on Sunday, June 26, 2016 08:30 PM 

I am no expert but i feel DHA Multan can give good return if holding power is 2-3 years. But don't take my word. Just keep reading forum posts. Try to learn from experts and then make a wise decision. Tip is to look for safe but underpriced options.
K Siddiq replied on Monday, June 27, 2016 05:06 AM 

really grateful
>