AOA,
I'm looking for expert advice regarding investing 10 million in property.
Main goal is to get max rental income based on 10 million RS. So far i have done reasearch and found some properties and result is that max rent
with 10 million investment is not more
55,000 rs per month.I like to know from experts what kind of property should i invest. I have these options available:
1- F-10, 1200 sq ft flat for 53 lakh and rental income 29K per month
2- 5 marla house in islamabad around 80 lakh gives you 40k rent
3- shop 300 sq ft in iqbal town for 95 lakh and rent is 44k per month
4- 1400 sq ft office in liberty area for 80 lakh and rental income is 53K
5- 12 marla semi commercial and rent is 50 k from school. Price 11500000 rs
6-700 sq ft E-type flat in capital are selling for 34 Lakh and rent is only 15 k.
I like to know which option is better in the long run.
abc123 replied on Wednesday, April 27, 2011 03:16 AM
Point wise comments are:
1- Flata sre not considered "property". Flats are properties in air ...
2- Not beleiveable. Do tell us such a paradise point. I mean which sector of Islamabad.
3-A better option.
4-Ssame as 1
5- Perhaps the best of all .....
Of course choice is yours ............. :) |
LAHORE replied on Wednesday, April 27, 2011 04:28 AM
DeAR OPTION NO 3 IS BEST |
Javaid replied on Wednesday, April 27, 2011 05:19 AM
Not sure but if you can buy two plots of 5 marla each in Johar Town, Naheman Iqbal or nearby cheap societies, construct double story houses using a cheap but honest contractor - the toal cost will be around 10 million and you can rent each portion for around 16K to 18K - this way your monthly income would be areounf 65K to 75K.
Hope this helps. |
FAROOQ replied on Wednesday, April 27, 2011 06:35 AM
Dear Mr. Saeed,
Best of luck for your investment. Please let us know also about 3rd & 5th specifically, which area/landmark, contact etc. |
AG replied on Wednesday, April 27, 2011 11:40 AM
Javaid Bhai I have two (02 nos.) 8 marla plots in Ali Block of Bahria town Lahore. One plot is corner plot & other faces the Park. Do you advise me the same as you have advised to Muhammed Saeed. What rents shall I be able to get.
Regards. |
Javaid replied on Wednesday, April 27, 2011 05:51 PM
Dear AG
I am not sure about the actual rent values in Bahria Town - however in my opinion, people living in Bahria usually go for purchase rather than rent option...rental markets are hotter in areas which have close proximity to central markets, colleges, offices, etc. However you have good options in hand in terms of investment and I hope ALLAH gives you best halal rizq for you and your family. |
AG replied on Wednesday, April 27, 2011 06:29 PM
@Javaid
Thanks a lot. May Allah (SWT) bless you for this all.
Regards |
mohammad saeed replied on Wednesday, April 27, 2011 11:31 PM
I like to thank you every one who took the time from their busy life to post their valuable comments and i'm sute it will help lot of other folks too which are in the same boat.I'm also leaning towards option 3 and 5.
Javaid SB,
You have excellent idea but i'm not residing in Pakistan so it's very hard for me to build and control myself.
ABC123,
In G11 and G13, 25*40 houses are going for 86 Lakh. |
Jameel replied on Thursday, April 28, 2011 09:33 PM
In Johar Town 5 Merla House old but good condition good location House is giving best rental for Coast like 20 to 22 K per Month for 40 Lac Investment.
I have a House in Model own ext 10 Merla I bought in 70 and retal value is 30 K easily.ie 5% annual
Houses give you maximum 6% annual House rent Plus you gain about 10% in value of property annually, But there is headache in 50% of cases |
LRE Hot Topics replied on Friday, April 29, 2011 05:46 PM
Post added to useful posts list. View MORE Useful Posts Click on >>> LRE Hot Topics |
