AoA, just wanted to know the opinion of real estate gurus regarding commercial projects which are offering rentals from the first day of payment. From r example, the company behind Mall XYZ in Islamabad is offering 0.8% rental from the day total payment of an office is made.
- How authentic are these offers?
- What should be confirmed/verified before investing?
- Should they be considered scams? One company already has developed one such mall in Islamabad?
AvoidGreed replied on Saturday, October 26, 2019 02:06 PM
Please avoid anything that seems to be too good to be true. There is no bargain in Pakistan, only deceit and frauds wrapped in sweet deals and honest looking conmen. |
truth replied on Saturday, October 26, 2019 05:29 PM
if I take full payment of office today......and keep it in bank ......... I will get much much higher profit per month...... from this profit, I will pay you 0.8 % ....
I may develop the mall very slowly, thus keeping more money in my hand in bank, which I collected from many buyers ....... thus earning extra profits on top of property price ...
wrong practice..... how can rental be paid if building is not yet materialized |
Sleepless replied on Sunday, October 27, 2019 07:53 AM
Agreed with your comments @truth. They are investing that money and also utilizing in construction. 0.8% per month comes to 9.8% annually and you have a commercial property at the end of the day. The best banks are offering is 13.25% annually over a period of 1 year. Property is bound to appreciate over time as well. |
Asif replied on Sunday, October 27, 2019 10:34 AM
Please be very very careful with the buy back clause in these type of projects, and possession too. will you get the possession on completion of the construction, and can rent it out to whom you want, check these things, |
Tahir replied on Monday, October 28, 2019 03:43 AM
This is not the time , when properties will earn and make you rich . The more people wait , more it will fall. It’s an honest suggestion to please do something meaningful with your money so it may creates jobs in a country whose labor force can turn its fortunes and off course for the one who is investing as well |
