Dr, Anwar Ul-Hamid replied on Friday, August 19, 2011 07:21 AM
Dear Ali Sahib
These commericals are located at Gate 3 of DHAI2 (not Gate 4). I have also visited Gate 4 commercial site also. It has direct access from GT Road but the site is located below the level of the road. Also, it is right at the end of the DHAI2. In my opinion, it is not a good site and things do not look good there for investment in the near future. I was told that price is between 60-90 lacs for 4 marla, being sold by allotees/buyers from last year. Please confirm price as this info is only from one source. One plaza is coming up but cant really see renting options there.
In my opinion, Gate 3 commercials have a better chance due to the fact that its located at the gate which opens into the main boulevard. Most traffic flow is on that gate. (Gate 2 is closed anyway). Also, due to its elevation, site is clearly visible from GT road itself. Direct access from GT road invites traffic inwards as well.
Question about renting out options is important as well as tough. If current situation is any guide, there are plazas which have already come up near Gate 1 and 2. These do not have direct access from GT road. These are also not located in a hub but they are being rented out. One has Alfalah bank and the other one has JSbank as customers. some architect firms are there as well. I guess ability to rent out also depends on one's contacts. I dont know exactly how much they pay but most people seek banks as they are good tenants. A property agent told me one can rent out a 4 marla plaza for 1.5 to 2 lacs per month. I dont know how accurate that is.
Looking at the businesses renting out shops in plazas that have come up across the GT road, it looks encouraging. Once plazas at DHAI2 are ready, a lot of those businesses would like to shift across the GT road to be right in front of the DHAI2 which they are trying to serve.
These are my two cents. Allah knows the best. |
