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

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   World Guy
Monday, November 17, 2008 12:53 PM 
Reply: >
Dear brothers,

Please give me your best advice my budget is up to 50 lakh planning to buy the one kanal plot or file in DHA Phase 7 or 8 & I will build the home in 5 to 7 years.

One of my uncles who living in Bahiria town Lahore has advised me to buy two kanla plot in Gulbahar Block sector C which will cost as same as one kanal in DHA.

My elder brother and few cousins also have bought plots in BT so I am confused now where should I buy.

Please give me your best advice and if any one wants to sell their 2 kanal plots in Gulbahar Block please contact me my email add is: .

Thanks for your help in advance.



Regards,

Asim
wwwww replied on Monday, November 17, 2008 03:43 PM 

I say its a good plan, you should buy 2 kanal rather then 1.
MQ replied on Monday, November 17, 2008 04:34 PM 

DHA7 is a bargain price. I would say buy 1 DHA7 in around 35 lakhs and a DHA9/10 file for 15 lakhs (both for investment). Once you are ready for your house, sell them and buy at your desired place.
wwwww replied on Monday, November 17, 2008 04:49 PM 

MQ brother for the past 2.5 years the prices of DHA 7 and 9/10 have been going up and down from the same leveles. I think this practice will continue for a few more years. He should buy where there is a physical existence of the plot and construction is going on. Besides what will rise more an undeveloped plot & a file or a developed on ground plot where construction is on going.
Jameel replied on Monday, November 17, 2008 05:38 PM 

I would advise you to take take a plot in Phase 7 P, Q or S Blocks, You should get average plots in these Blocks in 32,40,38 Lac respectively In my assessment in 7 years the construction activity will be almost same as of DHA phase 5 today.
And Fix rest of money in Sharia Comliant Bank Like Mezan Bank, or Buy shares some underpriced good Portfolio Company, 9,10 can give you return only if Prperties will Click again in 5,7 ys period which looks likely but not sure, I myself would go only for surest things. I hpoe in in 7 years time you will be able to add some more money accomplish construction.
wwwww replied on Monday, November 17, 2008 06:11 PM 

u no Jameel sahib 2 years ago I tried to explain this to everyone but no one listened and now the same time in DHA has come again. But one should invest where ones heart says.
wwwww replied on Monday, November 17, 2008 07:42 PM 

one thing I have confirmed from a relative who is in a Managerial position in DHA Lahore that the ballot of DHA 8 will take a lot more time then being stated here, second The demand for DHA 6 might increase but DHA 7 will remain dead for some time. Second, I bet that the rates of Valancia have not gone down in todays market where as DHA 6 and 7 have lost a lot of ground. I say only invest in societies where there is a strong possibility of possession and ongoing construction or very near development completion because those societies keep you and your capital safe. Societies like DHA 7 are for those people who want t invest for 7-10 years not for those who want to invest for 2-3 years because at the end they would be back where they stared because it is all game play by investors and simple people like us can not keep up with the fast and uncertain market of investors.
wwwww replied on Monday, November 17, 2008 07:47 PM 

the only problem with investing in DHA 6 and 7 is that they keep on coming back t there previous prices of 2 years, they are not staying in one place. There are many societies in Lahore who have not gone back to the 2006-07 price frame but have gone up tremendously.
aref replied on Monday, November 17, 2008 11:01 PM 

It appears that your analysis is from the investment point of view, whereas I need a plot to construct and live in DHA sooner than later. Budget is a constraint but most of us face similar limitations in life but try to get best value for our hard earned money.

Please provide a sector wise analysis of price, development/possession status and time frame for handing over by the DHA to the owners to help me reach any decision in the given budget.
Habib replied on Tuesday, November 18, 2008 03:02 AM 

If you want to live in DHA in coming 3, ys then try yo catch DHA phase 6, No matter C or D Block, If you can defer it to about 7 years the goto P and Q,S Block of Phase 7,
The other option is Valancia or Bahria sector B if you want to make home right now and Location suits you.
World Guy replied on Tuesday, November 18, 2008 09:02 AM 

Dear brothers thanks for your valuable advice, Ch yaseen bhai whets your advice.

Please tell me rates of 1k and 2k in BT (C Gulbhar).

Regards,

Asim
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