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Experienced Advice needed,

(64805)
Thursday, May 5, 2011 05:58 AM 

Aoa,

I have just moved back from Dubai and am interested in building a 1 kanal house(basemenr + 2) in DHA Lahore. So far, from my research I have shortlisted phase 5,6 and 7 which come under my budget of 1 - 1.5 cr. I am going to live in the house myself however i'd be interested in a good property investment wise also it should have good rental income as i m planning to give first floor on rent, and keep basement and ground for myself. Currently I am very confused and would like some good advice from experienced propoerty holders.

Regards,

Nadeem replied on Thursday, May 5, 2011 06:33 AM 

Dear Sir,

Are you sure you will be able to complete your project in your budget? As per pervailing rates, a plot costs around 6.5 million (minimum). Is it possible to construct basement + ground + first within 8.5 million? As per an estimate put in this website a few days back, construction of such a house costs around 1.35 crores (without cost of plot).

Please recalculate before you decide.
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