Lahore Real Estate Forum

Start NEW Topic Or Post Advertisment

                                                          
 
Back to Forum |

DHA_7 or DHA-2 EXT ISLAMABAD,

(48848)
   yaqub
Thursday, October 23, 2008 09:28 AM 
Reply: >
salam,

i am getting a plot at good location in DHA-7 Z block on main bouleward close to golf course area for 35 lakh,and i want to construct a house by 4-5 years.

another friend of mine has said to me to buy 3 files of DHA_2 ext islamabad and wait for 4-5 year

whcich is the best advice

can some one help on this

greatful
Hope replied on Thursday, October 23, 2008 10:01 AM 

The one that gives you more return after five years will be the best, Inshah Allah
Habib replied on Thursday, October 23, 2008 11:53 AM 

This is a game how much risk you want to take
In DHA 7 Z Block if it is near Golf Course it is very good price. You are sure
1.You will Not pay more development Charges
2.You are sure you get a plot in about 2 ys time
3.you are sure about location
4.And you are sure that you are getting it in good price
Where as in DHAI risk is involved but you can get good reward as well, The biggest plus point is you are sure you are getting it in rock bottom price
Risks are
Prices may stay where they are now or even lower in that case you may be happy with DHA 7 Plot as at least you can live there even if it loses value.
If Unexpected development Charges are put in DHAi ext then again you may lose even.
These will be more buy and sell loss in DHAi Files as you will have to make 7 Transections. 3 files to buy, 3 files to sell and then possibly you will buy again in Phase 7. So 7 Kanal comessions and 4 Kanal Transfer fees + CVT,
There is small chance you will get good benefit buying the the Files or certificate and selling then in 5 ys you may be able to buy in better Block of Phase 7 or even in Phase 6.
So 25% Chance you will Gain
25% Chance you may lose or have difficulty in selling
50% chance with all plus minus you may not gain not lose.
This is my assumption only, but I shall say again 35 is V good price in phase 7 if it is near Golf Course. If you tell approximate number then it will be more clear.
Regards
Adeel replied on Thursday, October 23, 2008 01:00 PM 

Good analysis by Mr Habib.
Best way would be not to put all eggs in one basket. If you can manage it like this then it would minimize the risks: Buy 01 file in DHAI Ph 2 Ext and also 01 plot in Ph 7. After 5 years sell one of these to pay offset your construction cost in other plot.
Jameel replied on Thursday, October 23, 2008 01:00 PM 

DHA2 EXT has very good price it is entry point, But take case exit will not be in your hand,You can exit easily if
1 Area is starting Populated and residential Potential starts [that is not coming soon].
2 Another boom like 2004 Comes and investors become interested, [this is also not expected soon].
So if you buy there keep in Mind that Development Charges may start soon so you should have financial power to pay development charges till suitable time may come for selling.
I am not sure what developemnt charges be due, As it is highly expensive to develop this barron Land First level it and then construction of Dam for water supply. Pls see the actual site or area before buying there is quite a big cahance to get stuck, Though for very long term it is good investment,
I shall welcome the comments who have actually visited site, I myself dont belong to Rawalpindi
adnan replied on Thursday, October 23, 2008 01:03 PM 

Dear Habib
Good to have your opinion about Z block

I own 1391 z block and also intends to make my own house in 4 to 5 years.The plot is near park

pl advise about if the area is feasable to keep or to sell after some ime

rgsd
Jameel replied on Thursday, October 23, 2008 05:26 PM 

Dear Adnan, I guess it is high time to switch to a better Block of Phase 7, to me it is not good location try to switch to P,Q or S Block depeding upon your budget, If you have to pay 6 to 7 Lac more dont mind as difference may more soon, At this point market is depressed so you cant get advantage.
On other hand if you have no money then better hold it as at this at at this budget there is no better investment than that.
jameel replied on Thursday, October 23, 2008 07:40 PM 

Jameel: market is depressed since last 2 years, how long will it continue??is there any hope of improvement?any reason to be optimistic?
yaqub replied on Friday, October 24, 2008 10:18 AM 

Thanks u brothers for help

i will think and decide accordingly
adnan replied on Friday, October 24, 2008 10:27 AM 

Jameel
Thansk for your opinion

As I can not invest any futher i would like to hold the plot
Please reply if you have idea that when will be the Z block be in the position so that we can construct our house there

Rgsd
jameel replied on Friday, October 24, 2008 11:12 AM 

jAMEEL: Thanks for your expert opinion. i have plot in P block of phase-7, than 10 marla in phase8 and one in 9/10? no dollars ihave, what i had invested already in last two years and now i m stuck with the falling price. should i quit and buy dollars? or wait further which seems to be a sinking ship?
Jameel replied on Friday, October 24, 2008 01:55 PM 

Dear Adnan, possession may be there in 2 ys in worst case 3 ys, and Then they will give 3 ys grace period to start construction after which they will start imposing no construction charges, [These charges to date are nominal], I guess Keep in Your mind the Target of 5 to 7 ys to start construction, And shifting your family in one ys time.
Dear "Jameel" This is the worst thing you did you put all the eggs in one Basket, All the 3 Holdings are OK, phase 7 P is best as I have mentioned it that in real este the exit time is not in your hand, and 2ndly you are also linking Pak currency devaluation with your investment decsion, I know some friends who has invested even taking loan from here. You are better than them. I would not advise you to sell at worst time If you have holding power. If you are deperate to sell then it will Ok to sell after mid December to Mid Jan as prices are usually marginally better at that time. If you tell me at what level you bought these Holdings I may be able to advise you better, I understand 2 ys Back the prices were even lesser than today.
jameel replied on Friday, October 24, 2008 02:58 PM 

Dear Jameel: i had bought phase-7 in 51 lacs, 9/10 in 18 lacs and 10marla in phase-8 in 22 lacs.
>