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

(57302)
Tuesday, March 16, 2010 09:42 AM 

For friends who are considering applying for a 5 marla and 10 marla plot in DHA phase 8, there is something that you should keep in mind. I will strongly recommend you to hop on a bike or an SUV and visit the site designated for 5 marla and 10 marla plots ( you can see it on google earth as well). There are very deep pits in that site. I know this area well and that site used to supply soil to Lahore and other major brick kilns near Lahore. I don't have exact figure but in some areas the excavation is more than 30 feet deep. Now it is my understanding that when developing the area, DHA will not fill the whole site to bring it to level with the roads. I will not be surprised if an owner of a 5 marla or 10 marla plot in that area will have to pay almost 5 lacs rupees or more just to fill his plot with soil to get it to road level before construction. CMY and other with construction experience can correct me on this number.

Habib replied on Tuesday, March 16, 2010 11:12 AM 

Really useful Information, same observation in paragon

paragon replied on Tuesday, March 16, 2010 11:51 AM 

No there are no such like pits in Paragon but there are other types i.e. the delayed development.

HHH replied on Tuesday, March 16, 2010 12:15 PM 

Well very good observation i would also mention that similar land is also visible even when one travel on DHA Expressway .some areas are very deep as if they were intentionally dig and the area according to map shows one kanal plots.....

applicant for 1kanal plot replied on Tuesday, March 16, 2010 12:15 PM 

Dear Brother Habib, paragon, DHA Phase 8 and CMY.
Kindly comment on commercial plots 2,4,8 and 16 marlas what are your observations and recommendation.
Are they also suitable like other phases commercial plots or not?

Regards

Khawar replied on Tuesday, March 16, 2010 12:39 PM 

DHA will never give plots that deep. Road level or upto a couple feet deep is normal. In some case may be 3 to 5 feet. But DHA never gives plots so deep as mentioned by this poster. DHA is not a joke. They have nearly 40 years history of satisfied residents. The contractors are paid to make and compact fillings where needed.

khan replied on Tuesday, March 16, 2010 01:47 PM 

All ballots have that as a condition that physical shape and levels are not guaranteed. It may however be compensated by allowing single/two levels of basement. It is pretty common in Karachi.

guest replied on Tuesday, March 16, 2010 02:14 PM 

I remember 3 years ago on MB of Phase 6 in a gathering arranged by DHA, it was announced that balloting of DHA phase 8 will be done by Dec 2007. it was not done in 2007 and now is being done in 2010. Phase 5 K and L blocs are 5-12 feet down and owners have to fill up the plots. phase 8 owners of plots should not expect DHA to level their plots and should plan accordingly. DHA is no more a welfare organization, it works on the principals of successful real estate business. investors and clients should plan accordingly.

Habib replied on Wednesday, March 17, 2010 02:54 AM 

@ Paragon, i saw about 30 feet deep pits myself in paragon, it is not in pargon woods about 2,3 acre land

Khawar replied on Wednesday, March 17, 2010 03:40 AM 

The truth is in K and L block DHA has done a lot of filling and compaction. I visited the area at start of development and it was a disaster. At some places it was so deep that even double basement would not make up for the depth. But now you can go there and see the difference with your own eyes. They have done most major filling and compaction in K and L blocks. Kind of made a history and a challenge for other developers. But to property realize the scale of filling and compaction done you should have visited the conditions in pre development stage. If someone has seens the Ravians land before developement of K and L blocks he can realize the difference made there.

Khan replied on Wednesday, March 17, 2010 03:52 AM 

It is potencially a good news for the people who wants construct basement in their house.

Habib replied on Wednesday, March 17, 2010 04:34 AM 

I am not sure how safe to make foundation on such an compaction, You may have to Piling to reach soild land, Such land slides down 4,5 inch per year for many years

Wisdom replied on Wednesday, March 17, 2010 01:10 PM 

anyone thinking of investing there hard earned life savings should research and go on site and study the history of DHA before buying a file or applying. Cus I have seen too too many people crying after Phase 7's ballot.

Wisdom replied on Wednesday, March 17, 2010 01:15 PM 

Phase 7 before the ballot 36 lacs ki file and 9 lac development charges = 45 lacs and the majority of the plots in Phase 7 are worth less than 35 lacs even today 3.5 years after the ballot. This is too much of a risk for a chance of a few lacs of profit.

Positive Perspective replied on Wednesday, March 17, 2010 02:47 PM 

Dear lets not forget that the country's macro economy has been hit hard since 2006 when DHA 7 ballot happened. It has been a very difficult time especially last 2.5 years. Using the same logic on DHA 8 ballot is not Wise as many factors can improve or start to improve any time with some wise steps. Of course things can also regress further but comparing 2006 to 2010 and making conclusions at this worst kind of time does not seem wise at all. Life does not end here.

You are practically saying that you are 100% sure things will get worse from here till say 2014 at the same ratio and scale as 2006 to 2010. Well nobody knows the future but things seem to be at worst point. Particularly in property there are many examples where the things are already stable or well above their bottom prices. For long term investors this is the time to buy. There must be something solid out there that despite current conditions kind of worse than even Iraq things are still well above there bottom prices and stable which is really great sign of the hidden value, strength and great potential.

Jameel replied on Wednesday, March 17, 2010 08:37 PM 

Looking at the map of DHA 8 and seeing the current prices of phase 7 and 6, I dont think an average plot in DHA 8 should be 55, May be 50 is modest figure. But as many people will be buying at 55 so demand will stay like this for many years.
I can give example of DHA homes in park view, 3.5 ys back i was having temptation to book one but I could not. Now I can buy same house in 40% Discount [i am taking of Foreign currency], same is true for DHA homes which were booked in one cror 6 years back. In Pakistan people usually dont decrease the price lesser than buying cost, but they can wait 10 years when actual value of Currency will be only 1/4.

Wisdom replied on Thursday, March 18, 2010 05:33 AM 

Positive bhai the thing is that even if Zardari goes he would have left Pakistan in the biggest economic and social crisis in Pakistan's history. Who will come after him, Nawaz Sharif :) he too is like zardari but a bit more educated. Unless a leader such as Quaid-e-Azam is coming any time soon I don't see any improvement. DHA 8's rates will defiantly go down or stay the same after the ballot but they will never go up. I also think for a 3-5 years investment DHA 6 is the best bet.
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