LRE replied on Wednesday, December 22, 2010 06:37 AM
Buyers Beware.
'Truth be told' rates are wrong. His rates are too low for the begining and too high for now. That's obviously becuase he owns plots there and wants to paint it as a very profitable investment (which it has been but it does not make sense to quote wrong rates). Initially when launched in 2006, 5 Marla backside commercials were sold for 15 to 22 Lakh. 5 Marla front side commercials were sold for 22 to 30 Lakh. And 8 Marla were sold for 33 to 45 Lakh, the Corners being on the higher side of price range.
Later on for about one year the prices depreciated significantly. And then gradually started to rise again.
(BTW, this same person who is now saying that 8 Marla price was 25-30 Lakh in 2008, was trying to deceive buyers and was trying to sell his 8 Marla in 2008 between 65 Lakh and One Crore to the overseas buyers.)
There were some ups and down since then. Now in last one year prices have increased but NOT AS MUCH as 'Truth be told' is telling.
Always double check current rates from Mr. Adil Saeed at 0322-4009766 or 0300-4009766. He can arrange 5 and 8 Marla commercials for you at much lower price than mentioned by this Truth be told guy.
Bahria Town Sector C Commercial is still good LONG TERM investment despite good gain already over the years, but you don't have to pay too much more than actual market price. In fact for short term the prices MAY depcreciate some before they go further up. So if some holder of BT commercial plot is thinking to sell within next one year, it may be right time to sell now at good price and when it's relatively easy to sell.
The short term jump in price (a kind of short term bubble) is due to construction activity by some property dealers for their own shops. They were previously givin free shops by Bahria Town near Executuive Lodges but recently they were ordered to leave and they had to buy available plots from the market at high rates. So the short term price gain may slow down or reverse over the comming months. |
