Lahore Real Estate Forum

                                                          
 
Back to Forum |

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

(122951)
Monday, August 30, 2021 12:38 AM 

Prism 9 !!
Dear CMY and LRE team
We were expecting possession august 31 as per your reports
Where do we stand now regarding possession of APQR??
Clearly not happening as you suggested earlier
What is the time line expected now ??
By December 2021 any hope ??
We are so fed up with waiting for so long
Files of prism were launched 2005... its 16 years now
How can one expect any different outcome with phase 10 ?

Any updates will be appreciated!

Thinker replied on Monday, August 30, 2021 04:49 AM 

No investor of prism will speak the truth. In reality possession will take another 1 to 2 years. It will be livable after 10 years

alpha replied on Monday, August 30, 2021 04:54 AM 

I am waiting now for chants like "prism prism hey", "prism is the future"..... Brother thinker prism lovers will gang up on you now

Prism replied on Monday, August 30, 2021 10:56 AM 

APQR possession by June 2022 thats the best case.

Thinker replied on Monday, August 30, 2021 12:26 PM 

They can gang up but cant change the ground realities

Arhum Arhum replied on Wednesday, September 1, 2021 06:23 AM 

Here come the prism haters yet again on smallest inconvenience. For everyone, read my post here where I review phase 6-9 prism for an investor point of view as personal visit: https://www.lahorerealestate.com/ads/lrecomment.php?gb_id=122816

By looks of it, DHA is readying prism for possession. I was frequently visiting phase 8 ivy green as I had overseas friends who had invested in it and I told them that possession will arrive in summer 2021 (july probably). Guess what? It arrived a month earlier. How did I know? Because DHA's last few steps is to put finishing touches on electrical work (poles installation) and gardening especially along main boulevard. DHA is already doing both. By looks of it, they can give possession of A,P,Q,R anytime between now and December but I think to be conservative, I say wait till end of December because by then 99% possession should have arrived. I don't see any reason why DHA should delay possession for these blocks and even if worst case scenario 1% does happen, then possession could arrive latest by march-april 2022.

In my view, parts of blocks and A and Q bordering shuhada town and Askari 11 will already be liveable but rest of prism will take time to become liveable as construction will flow from A,P,Q to beyond. Still I expect a good flow of construction because prism is special block to get advantage of existing population nearby. Phase 6,7,8 were totally unpopulated when got possession and only when DHA office shifted to phase 6 did phase 6 begin to flourish. This is true ground reality. Prism is the future.

Arhum Arhum replied on Wednesday, September 1, 2021 06:31 AM 

This is just cycle of DHA. It takes a lot of time to develop a full phase to possession. Fact is DHA Lahore has become so big that now DHA has two huge sections, development and maintenance of already existing phases. A lot on plate of DHA to handle at the same time and even with 'fast track development', one phase takes years of hard work for possession to arrive. It is different for smaller DHAs as their projects are relatively smaller and new with no need for maintenance right now.

Phase 10 will take similar time as phase 9 prism to develop, it is normal and a fact you must accept. Once you have been in active game of real estate long enough, you will understand.

alpha replied on Wednesday, September 1, 2021 11:35 AM 

Hate is too strong a word to use. Prism is a great phase. The issue again - which blind lovers fail to comprehend because of their misplaced emotions - is the delay and the misplaced hype. Rational people do not hate. Jilted lovers do

Arhum Arhum replied on Thursday, September 2, 2021 01:52 AM 

Not blind love here, only realism. You can read my personal visit post again, does not get more real and non-emotional than that. Mr Alpha, I am once again advising you to move investment from phase 7 to prism otherwise the train for cycling investments would have totally been missed. Even Multan, Gujranwala are better investments than phase 7 right now. Prism market is already down and slow and a better time for buying won't arrive than this.

alpha replied on Thursday, September 2, 2021 06:50 AM 

Mr. Arhum - I believe there are capital gains tax if the holding period of the investment is short - which increases the cost of cycling the investments. Does CMY sb provide active management of real estate assets ( plots ) ? Does he only provide to his friends or can I turn up at LRE , give power of attorney and he keeps cycling it for a management fees ?
>