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DHA Lahore Phase 6 Commercial Plot Holders Attention Needed,

(66562)
   DHA Lahore Phase 6 Commercial Plots
Wednesday, July 20, 2011 05:35 PM 
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All DHA Lahore phase 6 4 marla commercial plot owners are informed and requested to start looking for funds for construction of 72 feet high plazas on their plots to start getting some handsome rental income immidaitly after their plaza is ready for rent.


Keep in mind when DHA head office move to its new location on MB of DHA 6 all banks restaurants 1100s property dealers office and and many other businesses like photo labs etc will like to move on MB of DHA 6 on same day the new DHA head office open their doors on MB of DHA6.

These guys above will soon be begging to you to rent plaza to them. People that have plazas first will have the best chance to get better/stronger rental parities like banks etc. So my friends it time to act.If you dont have money dont have worry as many banks will finance design and build their own buildings and than deduct their spent amount from the rent they will pay you our next two three decades.


A very large office building construction was started this week on MB Commercial of DHA phase 6 in block A near Lahore ring road interchange of DHA 5/6. This very large building is new head office building off DHA Lahore. This new DHA head office building on MB of DHA 6 will be completed in record short time. DHA3 Y block current DHA head office staff will move into this state of the art building when its completed on urgent bases due to security and parking concerns/issues in Y block head office.

DHA Lahore want to complete this new head office buildings in shortest possible time because current Y block office have much greater security risks due to not enough separation of parking spots from valuable DHA office staff seats etc and there is also immense pressure from DHA Lahore head office visitors and dozens other commercial outfits in Y block for non availability of parking spaces. Just too many cars and too little parking room/spaces in current Y block head office area is causing huge out cry from residents and visitors.

Power is out again for last two hours and laptop could die any time so that is it for today. Allah Hafiz

Ch Mujahid Yasin ( CMY )
observor replied on Thursday, July 21, 2011 04:12 AM 

It is just difficult to plan a proper bank or office in 100 square yards (4 marla). Where would be the closest 8 marla plots be located CMY sb?
khurram replied on Thursday, July 21, 2011 04:43 AM 

Thanks for yr option Dear CMY sahab, i have to ask some question and i will be very greatfull if you kindly answer me. I have a MB 4 marla plot between 30 to 40. please tell me the total cost of construction of 72 feet plaza. what will be the rent if the tenant will be bank and what will be the rent if give separtely each floor.. please also tell me the current market price of MB 4 marla plot b/w 30 to 40. and what will you see in future ..thanks.
CMY replied on Thursday, July 21, 2011 04:54 AM 

Dear observor bhai this is the main reason I think DHA 6 8 marla MB facing plots will sell at 2 to 3 crore profit on booking of 25 lacs.

All 8 Marla commercial plots on MB of DHA Lahore phase 6 will be worth 3.75 to 4.75 crore in installments and DHA is booking these plots at just 1.7 crore.

Lets hope we have a fair ballot and if it is a fair ballot my all friends of LahoreRealEstate.Com will insha Allah have best chance to get a commercial plot on MB DHA6 and 5 marla res in DHA phase 9. And insh Allah in both there will be very very handsome profit on booking amounts.


Ch Mujahid Yasin ( CMY )
03224009967
Salman replied on Thursday, July 21, 2011 05:13 AM 

How do we know if its a fair ballot. Dont they do it in front of public.

As per the internal audit rules, they have to hold it in front of the applicants.
CMY replied on Thursday, July 21, 2011 05:41 AM 

Ballot will be held in front of general public in R block auditorium at 2 pm on July 28th 2011.
khurram replied on Thursday, July 21, 2011 06:04 AM 

i m waiting for your comments on my above post regd MB 4 marla
CMY replied on Thursday, July 21, 2011 08:10 AM 

Khurram bhai you will need about 75 lacs for plaza construction. MB30 4 marla is worth 2.25 to 2.35 crore. At this stage its not possible to guess the rent amount from a bank as there are not many banks or other businesses in there yet.
replied on Thursday, July 21, 2011 02:45 PM 

COMM PROPERTY CONSTRUCTION & RENTAL(based on experience).
1. Plan construction in two phases. Structure followed by finishing work. Banks,Multi-National and large businesses prefer unfinished structure.
2. Plan electric load calculation and transormer requirement from a good professional. Provide separate meters to each floor or combination of floors.
3. Be very careful with the water proofing of basement, water and septic tank. If there is a seepage in your building you will face problems and headaches.
4.You should have financial strength to keep the Plaza vacant for two years if not more.If not, then forget it. You will develop hyper-tension.It is hard to find good tenants. And they will black mail you once they know that you are desperately looking for tenants. most of Shop keepers and offices default on the payment of rent.
5. Taxation is very high (15% property tax, 10% Income tax). You have to be very alert to ensure that the CBW doesn't charge you more taxes.
CONCLUSION: Management of comm property is a full time job. Construct it only if you have the energy to manage it and financial strength to keep it vacant.
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