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Statelife Town Lahore,

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   Riz Khan
Tuesday, November 9, 2010 02:49 PM 
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Asalam o Alikum Gents,

Can any one guide me about State Life Town, Is it worth buying a plot in statelife scheme lahore?

Please provide detail answer i will be very thankful.
Hassan replied on Thursday, November 11, 2010 08:43 AM 

SL2 is a long term Investment. It is a society of State Life Corporation. So, from investment point of view they would not take away your money.

Secondly, its location is very good near to DHA Ph 4 and 5 and DHA Ph 9/10 is surrounding it. Another benefit is that it is near to Ring Road. If you buy a plot at this time, then it may give you a very good gain in future i.e. 5-10 yrs.

Further there is also un and down in all socities before they get developed. Once they develop, the plot price would be increased 2 or 3 times. Same will happen in case of SL2.

Its Map is till not approved frpm LDA. Once its will be approved then the price level will be increased by some gain from now.
arif khan replied on Thursday, November 11, 2010 09:29 PM 

riz khan sb
please stay away from state life.please dont come in this greedyness that rates are less at this time.you will see after five years people will be abousing to state life adminstration.there are many societies where u can invest.u did not mention ur budget other wise dha phase 9 and dha parkview is good investment for 4 to 5 years.and situation in state life will be same as today after 4,5 years.so i will suggest u according to my wisdom.thanx
Hassan replied on Friday, November 12, 2010 05:29 AM 

I am not agree with the point of view of Mr. Arif, as he did not fully disected the reasons for keeping away. Follwoing factors have been ignored by my firend, as follwos:

1) If you look at SL Phase 1, which ahs been developed. In this Phase 5 Maral Plot is available at Rs. 16 to 20 Lac. 10 Marla 20-28 Lac. I kanal 30-45 Lac. You can copare the rates of Phase I with good Scty in Lahore like DHA or some other v.gud Scty. So, you can draw your conclusion regarding rates of Phase 2 once develpoed keeping in view the siuation of current rates of Phase 1. Consequently, my dear example of Phase 1 is a fact on earth to get insight for Phase 11 as it is also of State Life Corporation..

2) It is very good located in DHA and available at very low rates.

3) In 24th Annual General Meeting the conscent from the members of the Phase 2 has been taken by the Management for its merger in DHA Phase 9/10. If it will be merged in future which I forcast that when development of DHA Phase 9/10 will be statrted, then can you imagine that the price of your approx 5 Lac plot will be more than 4 times.

4) In property, plaese keepin mind that there are no short cuts to get handsome gain. The person who has holding power or waiting power will definately get benefit in long run (exceptions are there).
Tipu replied on Friday, November 12, 2010 07:10 AM 

I am agree with the comments given by Mr. Hassan.

SL2 is one of the good Scty in lahore in a low budget and secondly within the urban vicinity of lahore. In case if it will not be merged then its future is also very good once it will develop like Phase 1. Other factor is that its enterance is near to thw Ring Road and it is comprised of 12000 Kanal as compared to 5000 kanal of Phase 1.
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