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DHA Lahore Phase 9 - 10,

(69722)
Saturday, December 31, 2011 09:13 PM 

At the end of 2008 I bought a file in DHA Lahore phase 9/10 for 18 Lakh and now one of the Property Dealer keeps calling me to sell for 22.50 Lakh. I dont need the money but wants to know why Dealer is insisting me to sell it. Please let me know should I sell it or keep it for profit, when balleting is going to happen, well already in almost 3 years price did not go up and looks to me it was not very good investment. Please advise me what do you think.
Thanking you in advance.

cmi replied on Sunday, January 1, 2012 01:53 AM 

DONT SELL VERY SOON WILL BE 30LAK

Khan replied on Sunday, January 1, 2012 03:21 AM 

Dear Minhas sahib

If you are not in need of money do not sell this file. Wait for at least 2 years more to get more profit.

Minhas replied on Sunday, January 1, 2012 10:55 AM 

Attn: Mr.CMY
Since this is the 1st time I'm posting a question, I don't know who is Cmi and Khan who replied to my message. Are they staff of Lahore Real Estate or just random replies?
I'm very impressed by this website you're maintaining and thank you for sparing the time to help everyone although it is not your obligation to do so.
Regarding the same file if I include cost of transfer, the cost goes quite above 18 lak (appx. 19 lak). So lets say if I had kept the same amount in Bank for 5 years terms deposit at 15% in 2008 (15% was offered by the banks in 2008 and file was also bought same year) and by now i could have gained at least the amount of profit 8,55000, where as in the same time period my file is giving me only profit of 3,50000. Lets say in further two more years it touches to 30 Lak which is going to be 5 years since i bought the file, what did i gain total only 11 Lak where as in 5 years the deposit of 19 lak was going to give me the profit of 14,25000. Anyways I do understand the investment in Property is always SPECULATIVE and some one can not rely to get the certain amount of profit on it.
Now can i ask what kind of development is going to happen that my file will go up in next 2 years, just curious.
Regards: Minhas

Tariq replied on Sunday, January 1, 2012 11:35 AM 

Mr Minhas Real Estate business is only for the experts. It is a gamble. I had bought two files 6-7 years ago for 33 lac each in Phase 9 which later clmbed to 42 lacs. Can you imagine if IK calculated like you how much have I lost. If I had bought gold instead what would have been our gain instead.

javid replied on Sunday, January 1, 2012 12:40 PM 

Dear Minhas & Tariq,

If one of you would have born as female you would have been my wife, mother of six kids and also a husband who purchased DHA-9 file @ 15lack and have earn 50% in just under 2 years

it is all matter of time and luck. Luck did not favour you but if you keep your investment time will bring you prifit.

choice is your's and no offence please!

AG replied on Sunday, January 1, 2012 02:25 PM 

Dears let me share my experience with you.

1. I Bought a one acre plot in Jhang on Chiniot Road in 110,000/-. At that time it was simply agricultural land. After around 12 years some developers bought all the land behind my land for a housing project but had no access to the main road. He asked me to sell my land to him because it was on the main road. I sold my land in Rs. 5.85 million.

2. Last year I started construction of my house in BT Lahore & sent an email to BT Lahore requesting them to give me some commercial plot near my house so that I may construct a place to have some income in my retired life. They sold me a 5 marla commercial plot in sector C @ 3.3 million whose present worth is around 7.0 million.

3. I started some business here in UAE & worked very hard but this business is not a success.

What I mean to say is never regret any past actions. It is Allah (SWT) WHO decide where to reward you & where not.

Regards.

Nadeem replied on Sunday, January 1, 2012 05:40 PM 

@ Minhas,

Interest (riba) money is completely HARAM, even %. You should have not even taken analogy from interest based method. Have u ever read Quran with translation. In Quran, ALLAH says that Get yourself prepared for war against ALLAH and His prophet if you take interest. What else you need to know?

Sooner's Fan replied on Sunday, January 1, 2012 06:04 PM 

@ Nadeem....its not riba....just the time value of money...due inflation adjustments and etc.....but it is hard to make them ragheads understand this very fact!!!!!
:p

Khan replied on Monday, January 2, 2012 03:31 AM 

@ Sooner's Fan: if you have no knowledge, please do not give wrong narration of riba or interest. Do research before giving comments on any issue about Islam.

@ Nadeem: You have played your part. Let the readers choose to invest their money in Halal or Haram way.

Nad replied on Tuesday, January 3, 2012 12:47 AM 

@ Sooner's Fan

Please don't tell us the the definitions from Western books. Riba (interest) in any form is completely Haram.
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