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What whould be the Future of DHA Phase 9,

(66181)
   Sofia Kahn
Wednesday, July 6, 2011 05:58 AM 
Reply: >
Respected CM Sahib,

Please accept my appreciations on your good work, may God bless you and give you more strength to follow your decided rules.
Brother in 2005-6 I purchased the DHA phase 9 file @ 20 lacs. Many years comes and goes but I am still losser, few months back DHA Phase 5-Estention file was at 25 lacs, and now people are saying after ballot it will worth @ more than 40 Lacs,
My question is no body suggest us to burn this file of DHA Phase 9 and shift your money toward 5-Extention. I request to you please do remember people like us (who have been trapped in Phase 9) and advise me what to do now..?.
I personally feel you can advise me better than anybody else.

Regards

Sofia Khan
WatchListCanada replied on Wednesday, July 6, 2011 06:37 AM 

@ CMY Sahib

Very good analysis. Seems to based on real indicators.
Azad K replied on Wednesday, July 6, 2011 08:21 AM 

Another way of looking at it is if you put your 20 lacs in 2005 into a term deposit at even 10% a year then by 2015 it would become 52lacs. Then considering it is the second half of 2011, you would be lucky to get possession even by 2015. Inflation rate is currently about 14% therefore investing in files is seriously losing people money. If you need to live then buy a plot or file otherwise the good days of property are over. Your 20 lacs by 2011 at 10% a year would have become 35 lacs anyway and with 12 lacs development charges to pay it is costing you 47 lacs already. So where is the profit?
Not Haramkhor replied on Wednesday, July 6, 2011 09:51 AM 

Azad K sood is haram while investing in property is not haram.
Usman Butt replied on Wednesday, July 6, 2011 10:30 PM 

@CMY

Sorry CMY I do not agree with you, I have been following your website for 3-4 years now , you look like a nice guy but your do not understand time periods, It took phase 6 almost 10 years to get inshape and , ring road phase5-6 interchange is still under work, DHA has so much work to do in phase 6, then phase 7 then phase 8 and then phase 9????

First of all DHA will not be able to do all this work in 1-2 years. Even if they do work on Phase 7 and 8, there will be so many plots available and according to demand and supply rule, price of phase 9 will never go up soon.

It will take atleast 20 years for phase 9 so Sofia Khan its a very long term project and either you should move out of it or have some patience. And the way the rupree is devaluating against all the international currences 50 lac of future are 20 lac of today so there is no actual gain.

50 lac of next 20 year are 20 lac of todat( Very important to understand)

The punjab govt does not have funds to give pay to govt servents the whole country is bankrupt, I do not think DHA will be able to make roads and do work on Phase 7-8 soon and phase 9 is even so so so so far away . So please convert your money into euro, australian doller, or canadian doller to make them safe
LRE Hot Topics replied on Thursday, July 7, 2011 06:52 AM 

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