Shahzad Sarwar replied on Wednesday, August 10, 2016 04:25 PM
In order to justify the cost of PKR 18 million, the current rental value, of similar house in your location, should at least be PKR 100,000 per month. In the view of per annum 10% increase in the rental value of such house can easily generate PKR 18,000,000 in ten years time. In other words, cost = 1.5 * current rental value * 10 * 12 So Cost = 1.5*100000*10*12 = 18,000,000. All the best. |