Lahore Real Estate Market Pulse Mar 03, PM
DHA Lahore Files Prices:
DHA Lahore Phase 5 M Block Allocation File 1 Kanal seller at 31.50 Lacs
DHA Lahore Phase 5 Extension Allocation File: Buyer(s) at 24.15 Sellers(s) at 24.25 lacs
DHA Lahore Phase 6 Allocation File Sellers(s) at 35.00 Lacs
DHA Lahore Phase 7 Allocation File Sellers(s) at 21.00 Lacs
DHA Lahore Phase 8 Allocation File Buyer(s) at 33.25 Seller(s) at 33.30 Lacs
Parkview-DHA-8 Lahore 1 kanal allocation TRANSFER file Buyer(s) at 27.90 Seller(s) at 28 Please note OPEN files are priced lower.
Parkview-DHA-8 10 Marla allocation Buyer(s) at 19.85 Seller(s)at 20.00 Lacs.
DHA Lahore Phase 9/10 Allocation File Buyer(s) at 14.30 Seller(s) at 14.35
DHA Valley Islamabad open files 5 marla one paid sells at loss of =22,000 TO 25,000
DHA Valley Islamabad open files 8 marla one paid sells at loss of =15,000 TO 17,000
DHA Islamabad Phase 2 extension is at about 11 Lacs for lowest priced blocks.
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***For More Detailed Prices Schemes Click Here***
***For Past Prices History Click Here***
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Mrs. R.S replied on Tuesday, March 3, 2009 01:10 PM
why is it so that with a slight positive development, the selling price of properties advertised by the property dealers increase by, say, 50% whereas with huge negative developments the resultant plunge in the prices of certain properties is only, say 10%.
Is it so because the dealers who in such cases are investors also, manage to hold the prices of such properties artificially.
And more importantly how the prices are determined. To my knowledge there is no organized association of property dealers to handle such task. There is no centrally coordinated body so as to determine the prices on the lines of stock exchange. In free markets prices are determined by forces of demand and supply and any variations to that are monopoly(when sellers determine the prices) and monopsony(when buyers determine the prices). What I have observed, the prices in property market in Pakistan are determined not by market forces but by a group of investors who are either property dealers or short term investors and both connive to dictate their terms by holding the market by their monopoly of the market.
The result is that when a genuine seller or buyer is always exploited due to such conditions. The only beneficiaries are monopolists. In my view, the only solution to this situation is to introduce some kind of regulation to safeguard the interest of genuine buyers and sellers. |
faithful replied on Tuesday, March 3, 2009 03:09 PM
dear mrs R S
all this is land and investor mafia
lots of sellers there
but
no buyer
u r right-few dealers are investors aswell and they r holding this artificial price
cmy knows all this and is helpless befor this greedy mafia
come on cmy-be brave -tell us the inner stories
will u plz |
Reader replied on Tuesday, March 3, 2009 03:51 PM
Its because the property investors have the holding power. They will not sell at a loss unless cash is needed badly. They have taken the investment risk by buying properties of thier own cash in this market. Therefore when there is positive news they want to get maximum return for the risk but during bad times they will not sell. So that is why prices decline gradually in Pakistan.
But by continuing to hold property, the investors are still losing out due to inflation/currency devaluation etc.
The cycle should reverse in 5-7 years by when ordinary people will have sufficient buying power but the property would have lost value. For example, someone having Rs. 20 lacs today cannot buy a plot worth Rs. 40 lacs. But if Rs. 20 lacs is ivested in a bank at 15% per year for 5 years, the amount will become Rs. 40 lacs after 5 years. If property price does not increase (and does not fall either), same person will be able to buy it. |
Mrs. R. S replied on Tuesday, March 3, 2009 04:13 PM
Holding land till the price escalates, does not yield any welfare to the society because it does not generate economic activity. That is why this is idle investment. As it exploits the needy, therefore, I am not sure if such earnings are considered fair.
To me the only solution in this situation is that government may levy substantial non building tax on all landed properties to ensure that owners are compelled to build within stipulated time period, lest they will be fined heavily (may be 40 % of the value). By doing so, there will be compulsory generation of economic activity in the form of construction which will benefit the society and discourage the holding and exhange of land by these MAFIA people on their whims and wishes.This will surely work as the building and construition work will be on real capital and not on the loans extended by the banks. |
Observer replied on Tuesday, March 3, 2009 04:28 PM
Well suggested Mrs R.S
But I guess these revolutionary steps cant be taken by unpopular government and army who have their own crimes to wash before they think of you and me |
Ali3 replied on Tuesday, March 3, 2009 04:36 PM
Mrs. R.S: As long as elites are in power what you have suggested will never happen. I'll go even as far to say that as long as Muslims are in power/government. I'll give the analysis why i am saying it. What you have said is not only morally and ethically right but it's the international law. In China recently they canceled without warning ALL allotments of lands on which buildings were not built during two years. In Russia the government gives free land to citizens who want to build a residence for themselves. In Amsterdam there's a law that if there is a vacant property un-utilized for a year anybody can move in for free. Furthermore, it is ABSOLUTELY ILLEGAL for private persons to own their own towns/cities.
This is the land of hoarders, frauds, qabza groups, government protected mafias. Welcome to Pakistan! |
Aamir replied on Tuesday, March 3, 2009 04:40 PM
Stock exchanges fluctuate to the degree to which socioeconomic and politico-legal environments do. In Pakistan, property is traded like commodities of stock exchange and remain stable whatsoever may be the case in external environment. Who provide the shock obsorber. |
Ali3 replied on Tuesday, March 3, 2009 04:40 PM
You may be aware that many people have closed down their factories because they discovered that while they were working hard all their lives the profit was being made by people who were sleeping. This is a long topic, i have written several detailed articles on this on some websites. There are reasons for these unique circumstances that apply only to Pakistan. |
Mrs. R.S. replied on Tuesday, March 3, 2009 04:43 PM
Well, one can not deny the fact that the army, bureaucracy and the politicians are also party to this MAFIA.
And therefore, it will never be in their interest to take any step to bring the MAFIA to an end and provide relief to a common Pakistani who strives all his life dreaming for a piece of land to build a house. |
Mrs. R.S. replied on Tuesday, March 3, 2009 04:49 PM
what a pitty!!! What helplessness !!!
This is my country, with huge landed area, and with my life time earnings i am not able to own a piece of land. All attributes to this MAFIA. |
Ali3 replied on Tuesday, March 3, 2009 06:00 PM
This is the punishment for being Pakistani.
I own an apartment and some lands that I have fully paid for but cannot get because of the elite culture of cruelty of this land of the pure!
Faisal Naseer. |
FAITHFUL replied on Tuesday, March 3, 2009 10:21 PM
ali3
IS IT
WELCOM TO PAKISTAN
OR
GOODBYE PAKISTAN
????????????????????????????????????
WHO WE ARE
WAT WE DOING
R WE HUMANS?
R WE MUSLIM?
R WE PAKISTANI?
R WE A FATHER/BROTHER/SON??????
DO WE HAVE A SENSE OF OURSELVES
DO WE KNOW OUR REALITY
DO WE KNOE OUR RESPONISIBLITIES
DO WE HAVE ANY RESPECT
DO WE OWE ANY RESPECT
DO WE HAVE ANY EGO
NO
we r only
A CROWD OF
SELFISH
SENSELESS
GREEDY
ZINDA LASHAIN |
