Dear CMY / Adil Shb / Any Brother who can help my question,
I have two plots in Gulmahar, Bahria Town Sector C, and I am supposed to pay development charges (paid 50000 each for both plots only). I have no plans to build my house there in next - 10 years, and I was thinking of selling these two plots and buy one file of DHA Lahore phase 9/10, and leave remaining money towards DHA Phase 8 devlopment charges ( I have one DHA 8 file too), after balloting,
Can I please request your expert advise about it,
Thanks so much for your help,
Regards,
Mirza Baig,
Canada
Azad K replied on Tuesday, January 12, 2010 06:10 PM
Not sure what advise you are looking for. I think that you should keep the plot in the scheme where you would want to build a house and to live, so if you prefer to live in DHA as opposed to Bahria then it is fine. If you are asking if price of Bahria or DHA will rise more, then the answer is that both will rise or fall generally in line with the rest of the real estate market in the country, with the exception that prices may rise a little extra when you get possession, or if the area becomes largely occupied. In ten years time I think DHA 9/10 will largely still be unoccupied. Phase 8 might be partly occupied and Bahria Lahore I think will be fairly well occupied as it has a head start. Its difficult to predict the prices in 10 years time as there are many variable factors that could have an impact on these places. I think the best approach is to just to go with the place where you would feel most comfortable building a house.
I think that you if take a long term view then you would find that over say 15 years, a person that owns a single plot and a person that has flipped his one plot several times would still end up with the same overall return. However it is possible to benefit in the short-term at times, but then you have to get your timing right. |
Azad K replied on Tuesday, January 12, 2010 07:04 PM
Between Raiwind Road and Multan Road it should read. |
Mirza Baig Canada replied on Tuesday, January 12, 2010 07:06 PM
Thanks a lot Azad K Shb, and SaeeedUSA Shb, I do appreciate your reply.
My plan is to build my future home in DHA 8, and as BT keep on changing their mind and force extra charges periodicaly, so I was thinking I may end up paying them .. a lot extra than a plot's market value. So far my plots are not moved to Bahria''s new development on Raiwind Road, but who knows, when they make up their mind to relocate more plots to Raiwind road to facilitate some more project .. as they have not moral values ... and are really good on breaking promises and comitting NEW false promises ...shifting plots whenever they feel like ... |
Azad K replied on Tuesday, January 12, 2010 07:26 PM
I don't know much about Bahria Lahore to be able to comment but if their customers start to feel that Bahria is not being fair to them then for short term gains they are sowing the seeds of their own downfall. They need to look at the larger picture. |
To pounder replied on Tuesday, January 12, 2010 07:39 PM
I dont know why people on this fourm think they have IQ's above 150 because people are so ignorent and impulsive and quick to act with out finding out the full facts. The people who invested 8-9 lacs in BT 2-3 years ago (even in a 10 marla plot) have made 4-5 lacs profit and people who invest ed 25-30 lacs in the Sector C Comm area have made close to 2 million in profits, Please dont go on the wording of these gready DHA dealers who just want to fill the big stomachs with dishonest money. The poor's who invested in DHA have suffered the same amount in loss that BT has given in Profit. From any part of lahore DHA and espacially the new phases are as far away from Lahore as is BT. |
To pounder replied on Tuesday, January 12, 2010 07:45 PM
Baigh sahib I would urge you to give BT two more years and then I guarantee you that you will want to make your house over there due to its heavy population content and self sufficient infrastructure and i can say with full confidence that DHA 8 won't even be balloted by then. I know BT has done a lot of immoral thing towards its faithful clients but atleast now we are starting to get some reward, I mean DHA has done all this and there rates have plummeted to boot. |
ABD replied on Tuesday, January 12, 2010 07:53 PM
Mirza Sahib,
You are genius and had made a perfect decision and I am sure DHA-8 will be the most beautiful and rapidly developing phase of DHA. It is all matter of starting the development work and I know it is not far off. |
Mirza Baig Canada replied on Tuesday, January 12, 2010 08:22 PM
Thanks to all brothers who helped, with this discussion. I do appreciate their time. |
Habib replied on Wednesday, January 13, 2010 04:50 AM
I Think Bahria is Fair but Investors are not, Plan to defer construction for 10 to 20 years in fully developed society is discusting. To Mirza I would advise to quit Bahria otherwise they will charge too much as no construction charges, He can switch to some other society where regulations are not that tight.
Now a days if you are getting a plot in 20 lakh in developed society, You are getting Land free of cost as Govt/LDA dues plus High cost of development and fee of lands Roads parks etc cost about 20 Lakh per Kanal in lahore. |
Salman replied on Wednesday, January 13, 2010 08:11 AM
Siyanay Kehtay hain "Dont put all your eggs in one basket". You want to put all your money in DHA, becuase this basket looks better... your call my friend. But rule of thumb is that you minimize your risk by diversifying.
And i think DHA 9 & DHA 8 are inevitably linked because both of these projects are under DHA LHR, failing to deliver on anyone will delay the other one as well. We already keep hearing abt the controversial Park view files in DHA 8. I could be wrong, because Bahria Town is no good either. |
