Dear Mr Mujahid
I am looking to purchase a plot in phase 7 but i can clearly see that prices have jumped from 47-48 lacs to 52-55 lacs in sectors S, U, W etc in the last 4 weeks. Is this realistic or fake increase due to Eid Time approaching and overseas people are on vacation. Is this the right time to purchase a plot. Can you help me purchase a good plot within 47-48 lacs in phase 7? Regards
CMY replied on Tuesday, August 16, 2011 05:30 AM
There is only buyers every where but sellers are extremely hard to find. If prices fail to fall in this slowest time of year during Ramadan than after Eid they are most likely to rise sharply after Eid.
Why ? I will try to explain.
Most seller try to lock the deals before they come to Pakistan. They are worried to use their visit to Pakistan to use for deal execution too. So they do lock a deal before they arrive in Pakistan or they try to sell plot as soos as they arrive in Pakistan before Eid. A buyer on other hand is too lazy before Eid. He want to finish other things and look for plots after the Eid. But when all buyers come to buy there are normally not enough sellers after Eid and buyer end up paying a lot more money or go back buying any thing at all.
Keep this very important thing in mind DHA office is normally closed 3 days before Eid and practicably no work is done for 5 days after the Eid. So if you are buying or selling keep these points in mind.
Tags: LRE Hot Topics
Ch Mujahid Yasin ( CMY )
03224009967 |
LRE Hot Topics replied on Tuesday, August 16, 2011 06:00 AM
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