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

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   Afzal
Wednesday, June 30, 2010 03:38 PM 
Reply: >
Dear all,

I have 6 Mio budget and looking where to invest for getting monthly rent instead of keeping in Bank or put in mutual funds. In my mind is Bahria Town sector C 5 Marla com. plot to construct plaza. Some people recommend and some say it is dead investment.
I visited today BT sec. c but found no single plaza is made except one property office and one on otherside of the road single story plaza under construction. However, some houses are in the start are under construction.
I afraid that if I purchase plot now and construct plaza there and may be it will take many years for rent so my investment will be stucked.
I need your advice that is it good option or should wait further unless area is populated.
What type of plaza can be made there and how much could cost. If you say ok then which location of 5 Marla com. is best to purchase.
Thanks for your suggestions.
Regards
Wazir replied on Wednesday, June 30, 2010 04:46 PM 

Afzal bhai dealers I BT are extreamly desparate to get offises on rent there, BT have denied dealers offices on rent and now they want it. Infact the want it so much that they are about to construct a small 5 marla commerial on the back of Gol chakar 8 marla plots. The thing is There is a huge lot of money being made in BT at this time and there are 3 times more dealers dealing BT who are sitting out side then there are the number of dealers sitting inside of BT.
Wazir replied on Wednesday, June 30, 2010 04:48 PM 

I you were there you should have gone to the Mahalla shops in Ghauri and Takbeer blocks, every shop is on rent for 8000, which shows your 5 marla will get atleast 5 shops in one floor and with a few floors you can eaisly make 100,000 per month even if you rent to a food place or a normal shop. And remember this is the main commeriial so the rent will definatly be more.
Wazir replied on Wednesday, June 30, 2010 04:49 PM 

Trust me when the dealers have made there 5 marla plaza the rates of the Sector C Comm will be doubled because all that this comm needs is commwercal activity where people consider and deal with it like a commesrcle, right now there is no diffrence between the residential and the comm but when a few thing s are made, it will be clear.
Wazir replied on Wednesday, June 30, 2010 04:51 PM 

sorry wan not able to post in one reply.
Wazir replied on Wednesday, June 30, 2010 05:09 PM 

since you have seen this you should know that it is bursting for comm activity.
aslam replied on Thursday, July 1, 2010 03:22 AM 

Techincally and finacially it is not possible. Commercial plaza is not usefull in BT at this stage. How 1 lak income and from where so many custoners you willget. I suggest you visit BT yourself. There are so many shops there. Ask them what they are doing. In yemmy 36 there is returent. Many small hotels and kbab froosh run away. KFC in bus shop. population is not so big. Many shops in plaza still vacant. How commercai will be benifical at this stage is not understandable. May be keping in view new construction in mind in next 5 to 6 years it wil be a possibility.
Kashif Riaz replied on Thursday, July 1, 2010 04:27 AM 

Salam Brothers,

I M fully agreed with Mr. Aslam, just to give you an idea recall you memory on the current fully occupied commercial centre of Allama Iqbal Town near Ravi Block stretched till the Wahdat Road, all the shops from garment, novelties, banks , fast food are there BUT I still remember that in year 1994-96, lots of shops were empty and offered for sale @ 5-7Lac But now the same shops are asking for Key money more than 10 Lak.
So Brother Afzal, if your need to have a quick and reasonable return as rental on your investment, you have to search some other developed area. Otherwise for BT, its a medium term , say at least for 5 years from now.

Regards
Kashif Riaz
dealer replied on Thursday, July 1, 2010 05:16 AM 

plz remarks autherised deales in bahria town.
Wazir replied on Thursday, July 1, 2010 05:52 AM 

ok brothers I did my job by informing you of the proper facts, the decision is your.
Ahmed replied on Thursday, July 1, 2010 06:40 AM 

Wazir I think you have plots in Sector C Commercial.Its Reason Behind.
Wazir replied on Thursday, July 1, 2010 07:08 AM 

Ahmed yes I do have plots in Secotr C commercail, but as I have said it is the decision of the person interested to buy such as Aslam sahib.
w replied on Thursday, July 1, 2010 07:10 AM 

one more thing to clearify I bought them in 2006 for 3 mill 8 marla and now they are worth 6 due to very good location, plot in phase 7 then was worth 3 mill also but now that plot is worth 2.5 mill. the samw with 5 ext and DHA 6 plots which are worth the same or a bit less today since 2006
Wazir replied on Thursday, July 1, 2010 07:11 AM 

above reply by me
Wazir replied on Thursday, July 1, 2010 07:12 AM 

how many people over here can say that they have doubled there investemnt in the last 4 years and its still growing.
Adil Saeed replied on Thursday, July 1, 2010 08:39 AM 

If Any one Want to Buy Sector C Commercial Plot 5 Marla Available at 24 to 43 lacs.Depend on location.8 Marla available at 48 to 51 lacs.Depend On Location.For More Info Plz Call.
03004009766
03224009766
Wazir replied on Thursday, July 1, 2010 08:53 AM 

all this is not due to any person but It is due to the grease of ALLAH Tala
Tahir ishaque replied on Thursday, July 1, 2010 09:27 AM 

aoa. dear afzal shab why dont u go for house purchase for rental income...in cda sector margalla town u can buy a house measuring 30*60.. its rental income above 40,000... purchase it now n get your rental income from today... my suggestion for you..
thanx
Wazir replied on Thursday, July 1, 2010 11:47 AM 

the 8 marla rates are from 50-55 lacs and now the sellers are not ready to sell at this price either. they want 55 now. on 8 marla plot available in the market.
Aamir replied on Thursday, July 1, 2010 12:07 PM 

A property worth around Rs 6 Million in Islamabad can fetch you 40+ thousand Rs per month rent and this is what presently I am doing with same amount of my capital.
Plot 25x60 4 M + construction 2.2M = Rental value 40,000/-
Practically, the equation is not as easy as it might sound.
MALIK replied on Thursday, July 1, 2010 12:35 PM 

AFZAL SAHIB DO NOT INVEST IN BAHRIA TOWN IF U LIKE THAT AREA U CAN BUY ANY PROPERTY ON DEFENCE ROAD BEFORE BH AND ALSO ON MAIN MULTAN ROAD
Afzal replied on Thursday, July 1, 2010 05:37 PM 

Thanks of all for the reply. Some times before many people suggested for BT C com. but now mostly are not in favour except only those who are holding plots there. Price is 45 of 8 M by net cash. So it seems that majority is not saying ok to go for it. So then there is other option to put money in NSS or Islami Bank. But last week I read on this forum that Maoulanas of Karachi also declared Islamic bank not halal, so do not know where to go now, where is halal and where is haram. I think there is no any option to get reasonable monthly return of the investment without risk.
I am still looking the option to avoid interest based profit and will wait to get further details from financial expert persons.
Thanks and regards
Ali Khan replied on Friday, July 2, 2010 02:10 AM 

Dear Aamir,

AOA

What area of Islamabad is recomended as per your equation above?

Kind regards
Aamir replied on Friday, July 2, 2010 08:32 AM 

Dear Ali Khan
You can do this project in any developing sector such as G-13, E-11 etc. After research, I am doing the same in E-11 for being most attractive in rental values,location,and area populated area with all amenities available.
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