I believe that the price escalation in DHA Ext 5 is due to the abundant customers in market. These customers are Oversea residents Visiting Pakistan on Eid.
Since DHA 5 Ext. is low priced with promising rewards so it would be their ist choice. This situation may continue till end of this month , until 90% of expats fly back to their respective countries.
Eid ul fitar and Eid Ul Azha months including Summer vacations are the Property season. It’s a trend observed since long that the price jump or abundant customers always found in these months.
CMY replied on Friday, September 16, 2011 08:45 AM
DHA 5 ext is a very good buy under 40 lacs as the price range of plots after ballot will be Insha Allah Rs 50 to 75 lacs.
If I have to buy it I would prefer to buy two 9-10 is 38 lacs instead of buying one DHA 5 ext. I might have very good chance to get a best plot out these two that will be equal to the worth DHA 5 ext one plot. My other plot will be free :)
Ch Mujahid Yasin ( CMY )
03224009967 |
Haroon replied on Friday, September 16, 2011 10:58 AM
Thank you CMY sb.
your advice is always well noted. But i believe DHA 5 ext will be ready in next 3 to 5 years whereas DHA 9/10 will be ready in next 10 years since phase 7 8 and park view still have to be developed.
regards
Haroon |
CMY replied on Friday, September 16, 2011 12:16 PM
Haroon bhai even if DHA 9/10 will be ready in next 10 years you basic investment is just 18 lacs. Dont pay any development charges and let DHA impose fine on unpaid development charges.
Now you give me estimated price of fully paid DHA 9 one kanal plot keeping in mind today fully paid 10 marla is worth 32 lacs.
What is expected price of fully paid developed DHA phase 9
If you have plot numbers alloted in next 1 to 2 years?
In 5 years from today ?
In 10 Year from today ?
After your answer take out development charges and fine amount what will be saving on one kanal developed plot in DHA phase 9 in 5 or 10 years.
Keep in mind your total investment I am asking you to invest is just 18 lacs. I am not asking you to pay development charges on your fine. I am saying take out development charges from proceeds of sale of developed one kanal plot you are going to have from DHA Lahore.
An 18 lacs investment any where in Lahore cant offer you a fully developed plot with development standard of DHA Lahore and with safety security and peace of mind.
In the worst case my calculation give you 45 lacs return in 5 yeras on 18 lacs. And 145 lacs return on 10 years. I want other friends to give answers and than I will explain my logic and compere how it is possible.
I have noted in past 7 years in this business once we recommend some thing MOST people will avoid that investment or deal and they will question. But they happily get stuck in fake useless investment on their own. People should accept we try our best to offer you best possible high return safe investments based on our research hard work and market dealing experience. We deal things daily and we know they are good for you.
Dont think your 1% commission to me in most transparent best priced files will give me much business or funds. If I deal one commercial of 5 crore in one months It gives me 5 lacs commission. To make it even with that one plot commission deal I will have to do same work and put same work buying selling 27 files of DHA phase 9. Do you think its an easy job?
I am trying my best to convince you to make your investment only in some of the best right safe highest returning places with lowest available budgets you have from hard earned savings. Please try to understand I am trying my best to help you and your pocket more than mine. If you buy a file I am not going to share your gains or losses but only going to get 1% commission from deal.
I could stop dealing DHA files tommorow and I am sure with help of Allah I can sell a lot more than one commercial plot in DHA Lahore each month with type of network and trust I have with clients and other respected dealers in DHA Lahore property market.
Ch Mujahid Yasin ( CMY )
03224009967 |
Khan replied on Friday, September 16, 2011 01:52 PM
I do 1000% agree with CMY bhai and have full trust upon him in property matters especially investing in DHA 9. |
MAK replied on Friday, September 16, 2011 03:33 PM
I think brother CMY is very right but I believe that anything that would be ready in half the time is preferrable. I would like to go for ph5 ext in this price. thanks |
Dr Zam K;S.A replied on Friday, September 16, 2011 06:55 PM
Dear CMY regards,we respect your recomendations but do you agree with sharp surge in prices of ph. 5 ext. and phase 9 files as i have asked you before A-how dha can go for balloting of next phase where development of phase 7 not yet completed,and ph 8 and dha town has not even been started yet.B- In past dha did not start development of ph 6 and phase 7 which are practically adjacant to each other and how they can start development of ph. 8 ph. 9 which are quite distent to each other |
CMA replied on Friday, September 16, 2011 07:53 PM
Dear CMY
your valuable analysis and insightful advices are actually something that can help one to make buying/selling decisions of their life as i believe for those who are not taking it as a business but gusto for their one and only home.
sir i have one Kanal plot in DHA Phase 7, block Z2 in the lane of 1560. i bought this plot previously as it suited my budget. Now i have pooled up some more finances somewhat around 2 million. i would now request your kind advise 1- should i sale my existing plot and by adding up some funds to go for some better location OR i should keep this Z2 plot and should buy Phase 9-10 file as i am actually convinced by your foresight about the phase 9-10 projection.
Regards |
Usman replied on Friday, September 16, 2011 08:19 PM
Dear CMY,
My opinion is same as that of AS: the price escalation is due to abundant customers in market.
But kindly suggest what you think about this? You have answered in detail and I 100% agree that even in 18 lacs, Phase-9 One Kanal file is a very good buy. But don't you think this price is going to come down in a few weeks/months? Esp when we don't know exactly when the ballot for Phase-9 is going to take place?
I may be missing your answer...kindly elaborate.
rgds |
CMY replied on Saturday, September 17, 2011 04:25 AM
Any thing like DHA5 ext that go up this fast can also come down much faster too.But still it dont make DHA 5 ext a bad buy any where under 40 lacs.
I am not saying you go rush and buy it today.Cheaper you can get it more better return you can expect.
I dont believe DHA9 now have chance to fall under 17.50 lacs in worst case. There is plenty of buying near 18 lacs. So your downside risk is 50000 in my opinion and upside it can shoot up any day to 22 to 25 lacs price range and than most people will curse them self that they saw a well informed clear opportunity but failed to act in time.
With the price rise more and more buyers show up and sellers stop selling their files in hope of getting a better price.
In past 100s new files were made every month by taking over new land by DHA Lahore. Now hardly 2 to 3 new files are made each month as 97% land in now in possession in DHA Lahore for DHA Lahore phase 9. Since agri land is twice more expensive files people dont like to give land to DHA Lahore for making files. They can sell their land in open market at much better price to other people and projects like even Ashiyana Lahore.
Ch Mujahid Yasin ( CMY )
03224009967 |
Usman replied on Saturday, September 17, 2011 07:19 AM
Thanks CMY...your answers are always helpful |
DHA Lahore FAQ replied on Saturday, September 17, 2011 09:26 AM
DHA Lahore FAQ |
