Dear Brothers,
I am an overseas pakistani and I have decided to shift in Pakistan in January. I have about 7 million Rs and I have decided to Use them as:
1. Purchase one car in about 1 million.
2. Purchase one file in DHA 9 in 2 million.
3. Fix 2 million in a bank to pay installments of a plot in DHA Karachi (2 Lakh per year)
4. Use remaining 2 million to start a business, I am interested to make a cows farm house.
I am a federal Govt employee in Pakistan and I will start my job again so I can get a salary of about 40,000 plus free accomodation and medical.
My request to my brothers:
1. if any one thinks that I can use this money in better way, kindly comment.
2. if anyone have knowledge of the business mentioned above kindly share his experience.
3. I am planning to construct my house by sale of one plot (DHA Karachi) after 8-9 years. Is this a good idea, DHA 9 will be ready in this time?
Thanking you and Best Regards:
Nadeem
P.Paki replied on Thursday, October 13, 2011 06:46 PM
Dear whateverbu do but plz dnt earn interest as it is war with Allah, decision is yours. Since u have job already so u should buy property of commercial value and earn rent on it plus it will become tripple atleast in 8-10 years time. |
Invester replied on Thursday, October 13, 2011 11:17 PM
I believe ph 9 would be good option it will pay back u almost 200 % after 10 years , same like bank but would not be interest |
advice replied on Friday, October 14, 2011 12:15 AM
Please do not go for Fixed Deposit, it is Sood and it is Haram, and it will make your earnings Haram
Go for Fish and Goat Farming. Less investment and greater return
Also you can invest in Gold |
Invester replied on Friday, October 14, 2011 07:21 AM
Dear latif,
Its a risky game no doubt, if u got a plot in U or T or W block it will worth above 65 lakh |
pakistan zindabad replied on Friday, October 14, 2011 07:55 AM
it is a pre planned game from those having stuck their money in DHA-9, dont invest in this project i have fear you will loose your money as the project having no future even in the next decade. |
Salman replied on Friday, October 14, 2011 08:52 AM
to be honest, you have a good, solid and balanced plan. All those who are saying that DHA 9 is a bad investment are completely wrong. It is the "time frame" in your mind which determines if an investment is good or bad.
Just one piece of advice; always have some cash in hand/bank (around 4-5 lac) for any emergencies/contigencies. Its always useful. |
Nadeem replied on Friday, October 14, 2011 09:49 AM
I am thankful to the brothers for their kind input.
for those who have comments against DHA 9 I would clarify that I am planning to make a house on that plot if that happens to be on an average location. I am not interested in it in investment point of view. What you people think can I be do it in 8-9 Years?
@ P. Paki & advice.
I respect your views about interest and fully agree,
problem is that I have purchased one plot in DHA karachi for which I have to pay installments @ 2 lakh per year for next 7 years. with my limited salary it is impossible to manage. I want to get 15 to 20 thousand every month with investment of 20 to 25 Lakh to manage this. If you can give advice what way I can do it without going for interest. Especially P.Paki I have seen your previous posts and I believe you have good knowledge. If you can advice me i will be really thankful.
you can also reach m e mail by nadeema79 (at) hotmail.com |
P.Paki replied on Friday, October 14, 2011 12:47 PM
@ Nadeem
thanks for you views about interest, see no reason can justify it since Allah said it is war with Him. I advice you to buy shop in any whole sale market of Lahore and it will give u rental instantly with appreciation of money. see i also buy residential property but only which is on installment (i assume is comittee) otherwise only commercial is better for investment. in 1998 my father bought shop in 38 lakh and 6 month before we sold in 7 crore 85 lakh why? because it was commercial. i bought shop in 2003 in 8 lakh and rented on 3000 rupee, not after 8 years it is giving 7500/month and value about 70 lakh. DHA or residential gives no gain infact. why? because if u buy 1 kanal plot today 1 crore and sale after 5 years in 1.5 crore and buy new plot in same value then u will get in 1.5 crore or more so no appreciation infact in terms of area.same if i do with commercial and later convert it to residentian then i can buy atleast 4 residential in sales value of commercial property after 5-8 years. i can't advice u embroidery business because u have job already and embroidery is full time business. so analyse things outside scope of interest. Allah will give u ways and way is always there if our beleif is strong. |
