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

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   CuriousInvestor
Monday, September 5, 2016 12:58 PM 
Reply: >
Please evaluate plot 182-F ex-park view

what are the chances of prices decreasing in DHA possession plot areas in the next 6-12 months?
Jameel MughalŪ replied on Monday, September 5, 2016 01:33 PM 

Based Upon Previous experiences, Plots with Possession and houses resist About 2 years then if Slump is long their price is also affected but lesser than files and underdevelopment areas. Reason is in slump when investor are out classical style buyer are looking for ready plots, populated areas or houses. For 2,3 ys scale ready properties are dead investment in boom time and Files or futuristic properties are dead investment in slump time. It is Like a wheel
WaseemŪ replied on Monday, September 5, 2016 01:51 PM 

In other words, house buyers are genuine 1 time buyers, less investor in houses. Plot buyers are genuine as well but majority do invest in land / files. So more chance of panic in land & files comparing to houses.

Til now market is resisting & people are holding but this static market cannot hold forever, it has to sway one way or another. It can face a downfall if status quo continues for another couple of months or can stabilize itself provided government revise its taxes.
Tahir Lutfi replied on Monday, September 5, 2016 02:12 PM 

More over in sunny days of property business / in very hot market ready properties gains very less
For example during period from November 2015 to June 2016 rates of Johar town / Faisal town and DHA town were hardly increased So there would be no back gear as well
CuriousInvestor replied on Monday, September 5, 2016 02:39 PM 

Asa,

Thank you brothers for your answers. Jameel sb I especially would like you to know i follow your posts on this forum because they always have a ring of honesty in them. Your efforts are much appreciated.

Secondly, the first part of my question seems to have gotten ignored. If someone from LRE could update me on that I would be grateful. Thank you.
CuriousInvestor replied on Monday, September 5, 2016 03:17 PM 

Thank you for your responses brothers.

Secondly the first part of my query seems to have been un-answered. Could someone from LRE please enlighten me
Jameel MughalŪ replied on Monday, September 5, 2016 07:25 PM 

DHA possession Plots will hardly see any correction, The end user are always buying at slow Constant pace in possession and populated areas.

when market is in boom we see lot of unrealistic demands, like Sale and purchase is happening at 40 you may see some advertising as high as 46, 48. these inflated demands serve two purposes one it gives further room to grow if boom continues and second it helps dealers to trap inexperienced buyers. That froth on Milk boom settles once boom is gone the properties are sold more near realistic Values. In bird eye view you may think there is correction.
Lahore Real Estate replied on Tuesday, September 6, 2016 06:28 AM 

Dear Sir,

Market Value of your plot F 182 (corner ) is around 325 to 350 lacs.





Saeed Rafique
+923224333661
Lahore Real Estate
Email:INFO@LREPK
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