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Advice needed,

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   Saeed
Wednesday, September 16, 2009 04:57 AM 
Reply: >
AoA,
I am planning to invest Rs. 7 million in property in lahore. Can anybody adivse me which is the best option in lahore now a days. I am planning to keep this investment in property for next 3 years.
Also i would apprecaite if somebody tell me if it is the right time to invest or should i wait. I am living in uae and have all the money in dirhams.
Habib replied on Wednesday, September 16, 2009 08:41 AM 

First of all keep in mind no quick gains in short term. You may lose in terms of dirhams.
Keep few considerations in mind. txes are too much and go for options with less tax.
I f possible Buy smaller than Kanal Plots as you save 4% CVT and many not fore seen Taxes.
Buy in societies hich charge less as maintinace or no construction charges etc.
Buy in areas with some some of population nearby
Shahid replied on Wednesday, September 16, 2009 10:37 AM 

No one can tell what will be a best option. Especially when you are also exposing yourself to FOREX risk.
Rehmat Ali replied on Wednesday, September 16, 2009 12:01 PM 

I have opinion that keeping in Foreign Exchange will repay you more.
Jameel replied on Wednesday, September 16, 2009 05:40 PM 

In case you want to invest for 3 years I would advise Phase 6 DHA [40 to 45], For 5 Years Investment DHA 7 may be good [about 28 to 35 lac]. For 10 years Investment Consider NFC2[12 to 14 Lac] and Central Park [14 to 17]. For Making Home see the area of your preference in Lahore but Valancia [40 to 45] and Air avenue are best 10 merla 35 to 40. bahria sector B [Kanal about 40]
Above are all are reliable societies with crystal Clear and speedy transfer process which suits overseas person.
I would say better avoid files above all are plots and plots are more mature and certain and will be giving gain. Do your home work by getting information about these on net et maps and look at them from wikimapia. When you are in Pakistan spend 2 days to see the areas with your eyes and then finalize. In Phase 6,7 take caution to avoid areas with encroachments.
At this time prices are low but as they gained unrealistic in last 5 years so much that chances of quick gain are less, and liquidity is bad being very difficult to get good price of property. So keep a reserve money with you. I myself will not spend more than 50% of my total assets in Pakistan real estate.
Saeed replied on Thursday, September 17, 2009 06:18 AM 

Dear All
thanks a lot for your valuable advice.
Rehamt Ali replied on Friday, September 18, 2009 11:49 AM 

Dears Mr. jameel and Saeed:

I hope real estate will gain in future but prospects as of now show very bleak story. People after investment can not find a buyer at any price for their plots today. Any comments.
Saeed replied on Saturday, September 19, 2009 01:12 AM 

Dear Mr. Rehmat Ali, if this is the case that people are not able to find a buyer at any price then i think it is the best time to
bargain and buy at very low price, provided if you want to keep it for some years. What do you think??
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