Lahore Real Estate Forum

Start NEW Topic Or Post Advertisment

                                                          
 
Back to Forum |

Prices of Property,

(54577)
   Dr Lunba
Friday, August 28, 2009 02:40 PM 
Reply: >
I am a doctor by profession and I bought a plot in Phase 7 DHA Lahore for the purpose of business.

Since I invested my hard earned money, the price stopped increaing and somehow I feel that it may decrease with passage of time.

Some friend say that I should dispose off that plot on current price and recover whatever possible.

Some say that I must wait as prices might go up in near future.

Can some expert tell me about the current of future trend of property prices specially Phase 7 DHA Lahore
neeham replied on Friday, August 28, 2009 04:33 PM 

you have to wait minimum 3 to 5 year increaing the price
dr mudasser replied on Saturday, August 29, 2009 12:27 AM 

dear dr.
dont sell it
wait till the dawn of new year n u will see a significant gain
good luck
Fahad Ahmed replied on Saturday, August 29, 2009 01:22 AM 

Dr. Lunba

You will lose money only when u sell it.
in Pakistani stock market was in worst condition so many people including me regreted the decision of selling in those years because market was very good in 2003 to 2006.

Wait for few years and you will not regret neither lose ur hard earn money.

But at the end its ur money so do what suits you.

take care

Allah Haffiz
wakeup pakistani replied on Saturday, August 29, 2009 09:42 AM 

All house society including DHA is fraud and traping innocient peoples, they buy land in 30000 Rs per kanal and sell like 30 lac per kanal with giving the name like society, example of Bharia town phase 7, 8, etc, were purchased from the native residents of Sawan camp in less than 10000 per kanal, and see the price by your self, so all these are land mafia from which we cannot come out, like the mafia of politician.
Sincerely replied on Saturday, August 29, 2009 09:48 AM 

Unless you urgently need money for something else, its not time to sell.
Jameel replied on Saturday, August 29, 2009 04:31 PM 

Dr Lubna,
It all depends at which level you invested in DHA 7 and in which Blocks. DHA will be sooner or later be giving you residential Plots with all basic facilities and at latter stage many investors will be making homes in these sectors and ultimately he are will gain price. I can tell with reasonable certainty that in 20 years from now and average Plot in DHA 7 will be about 3 Cror ie 10X, at that time I guess DHA 5 may be 4.5 Cror. And DHA 1,2 May be 4.5 Cror as well. [This I am telling based upon real estate performance and inflation in last 30 years], But in 3 years time scale you may not even recover your losses.
During boom of real estate, some areas with Zero residential potential do gets the investors interest. Fortunately DHA 7 is an area with somewhat residential potential though not an ideal area. At this time investors with Construction interest are harvesting DHA 7 Plots at low rates. And they will throw houses in Market when it revives again.
Farid-UAE replied on Sunday, August 30, 2009 05:26 AM 

With reference to Mr. Jameel post: I have one interesting comparision to make:

If one buys a plot for 30 lakh today in DHA 7 or any where else and after 20 years, that plot is worth 300 lak, i.e. 3 Crore...It is the same return , which defence savings certificates give to us..

If i invest 30 lakh today in DSCs, it gives me 94.2 lakh after 10 years. At maturity , if I invest 94.2 lakhs again in DSCS, it will give me 295.7 lakhs, i.e around 3 crore..so after 20 years, my investment becomes 3 crore

Isnt it interesting comparision...

Please note , that above calculation is based on that One lakh investment becomes 314,000/- after ten years. This is the current profit rate on DSCs, and the same can be verfied from www.savings.gov.pk

The thing is that in DSCs , ur investment is guaranteed and ther eis no risks/major gain or loss.

whereas in prpoerty, ur plot may become of 3 crore after 5 years or it may be only 15 lakhs after 5 years. who knows,,SO " high risk, high gains"..Rule of thumb is to diversify the investment..some in prperty, some in national saving centres/banks ( fixed income schemes)
Habib replied on Sunday, August 30, 2009 08:16 AM 

yes you are right DSC in long term can give you same return as buying Phase 7 plot Today. I dont want to indulge is sood or non sood issue but there are certain other aspcts.
Most imp is that if iflation rises too high as has happened in other countries like Turkey, Afghanstan, Bolivia, Zimbabwey iraq etc your saving will be virtually be wiped off, Like in Iraqi currency one Could buy a house in the money in which you can just invite 15,20 guests in nice dinner in 5 star hotel today. Zimbabvay is even worst example. The situation in Pakistan is not much different than these countries has 10,20 years back.
On the other hand negative aspect of buying in DHA 7 is, of course it has bad liquidity as compared to DSC, plus Govt may impose more tax on property, DHA may charge you hefty amount on not making house after 5,7 years,
So both are not free of side effects, i think one should make a balanced portfolio.
Saleem Islamabad. replied on Thursday, September 10, 2009 04:14 AM 

Look Dr. Lubna,
As you have invested ur hard earned money in real estate and unfi=orunately it was a bad time to invest as property prices will decrease more upto this year end and will show an upward movement in 2nd half of next year as economic ecession cycle is showing good signals to be recovered in 2nd half of current year. Most pakistanis have invested in Dubai. Dubai seems to start recovery upto November, so all these people will move tehre again in order to get benifit out of their already invested amount. They will even sell their real estate in Pakistan to get recovered in Dubai, so in my opinion prices will decrease more in this year as selling pressure will be increased but soon after prices will start recovering. For DHA, it is better o hold proprty for atleast 3,4 years, u will earn good INSHA ALLAH. Just wait and watch.

Regards.
bilal replied on Saturday, August 14, 2010 02:53 PM 

in my point of view property prices will not increase because of inflation in country now it is becoming difficult for people to invest to eat food so how they can invest in bussiness
>