Dear Brother (s)
I have 10 Marla plot in Z3 IVY Green DHA Lahore. I bought it almost two years ago with total cost of 71 Lakhs (inclusive of all payments). The price of the plot is either little lesser or at the best the same. I have around 3.0/- Mn cash with me. With this background, the scenario is, I am thinking to make better investment for year plus minus. I discussed it with different real estate experts and sought their valuable views, option are as under:-
Option - 1. I may consider disposing off 10 Marla Z3 Plot and add my 3.0/- Mn into the received amount. Thereby having a total of approximately 10.0 Mn. I should investment in DHA Multan and buy 2 x 1 Kanal files. I was told it may give me 1.0/- Mn profit on single file (total 2.0/- Mn) within a year time frame.
Option - 2. I should add 1.0/- Mn (which I can after 2 months, let’s say by Jan 2019), thereby making total of amount 1 Crore 10 Lakhs (10.1/- Mn) and consider buying 1 Kanal Residential Plot in Prism - 9 and should wait for 3 years to get substantial returns on my investment. Return in the range of around 3.0/- Mn.
Option - 3. I shall wait and not sell of Z3 10 Marla plot as the development is in progress and I may get some profit after 1 year time. The profit in the range of 2.0/-Mn.
Above are 3 x options suggested to me by different real estate experts. I request to kindly give your valuable and brotherly recommendations, what option is more feasible for me. Thanks in anticipation.
LRE Online Support Staff replied on Friday, October 26, 2018 12:39 PM
Dear Sir,
We Recommend You To Go For Option 1 to yield maximum gains for Short as well as for long term investment.
Reagrds,
For More Info Contact
Adnan Virk
+
Lahore Real Estate |
Rana Sahib replied on Friday, October 26, 2018 12:50 PM
Option 2
Multan doesn't seem like a good bet for 1 year - if you want to invest in Multan its a 2 year wait minimum. |
Asif replied on Friday, October 26, 2018 07:16 PM
Brother I will not recommend anything to you but it is my understanding and could be wrong.
1st rule of business, If have you have capital 100 divide in to two. it will give you back up in worst case if you have to exit market.
2nd, most likely you have paid development charges on phase 8 plot and so till today you have got no return/profit on this investment. real return will be consider once you have paid off your phase 8 10 marla plot development charges please use this calculation.
ARR=cost of land + development charges= total investment - real market price= Answer - tax-commission- miserliness= answer . next step total investment/answer(current price) * 100=???? if it is below 40% hold and hold it mean it is not time for you to exit market but if you have emergency yes you can make move on no loss and profit. in this case your profit will go to real estate and buyer.
current situation, I think you should not touch phase 8 investment. use your 3 million + 500K (borrow or lone) to buy phase 9 5 marla plot in average location (mean not bad or not very good) it should be easy to sale.
I think in this plan you could make up to 4 millions in next 2 to 3 years. Allah Knows best. |
Habib replied on Monday, October 29, 2018 03:32 AM
Multan is beaten horse, I am clear that more reliable option I mean Plot on Ground in Lahore is Better for safety and price gain, I will not sell IVY green which is ready to be deliver and if Possible will arrange another 1 M to get good location5 Merla in same of in Prism in Budget of 40 Lac. Multan will gain if Lahore gains as well. |
Nabeel® replied on Sunday, November 11, 2018 09:50 AM
Option 1 and 2 are both good
Actually Prism and Multan are the only reasonable projects in the market.
But hold period is 3 years for Prism, 5 years for Multan to get maximum gain. In both cases your returns will be much higher than you have calculated. |
