Dear Members,
I consider myself lucky to find such a relevant forum for seeking neutral advice. I'm an overseas Pakistani with Rawalpindi/Islamabad as a base in Pakistan.
I have got a budget of PKR 25-30 mmillion. My objective to acquire/construct a property with a potential to yield rental income. Given my understanding of the rental yield of Residential and Commercial properties I am leaning towards owning a Commercial Plaza.
I seek your advice in selecting the right area in Rawalpindi/Islamabad and also the kind of property (e.g. shops, Offices, plaza etc...) I should go for. Objective of course is stable rental income with at least reasonable rental property demand in the area fitting within the budget.
Thank you for your valued advice/opinion.
Regards,
Amir
Irfan replied on Saturday, February 4, 2012 07:57 AM
1. @Amir, you may purchase comm plot in any one of the following areas:-
a. Bahria Town (Phase 1-6) Civic Centre
b. Comm plot in DHA Phase II on main GT Road
c. Comm plot in Spring North (Bahria Town)
2. You will get increase in prices with passage of time or to built plaza on it at any convenient time.
Best Regard |
Bahria Town replied on Saturday, February 4, 2012 08:29 AM
Dear Amir,
Have you considered a commercial plaza in Phase 7/8 of Bahria Town Rawalpindi/Islamabad? A 30*40 (4-5 Marla) Plot is available within the range of 1 crore and construction for 5-6 storey will be around 1.5 crore so very well within the range.
My view is that initial rental income may not be more than 1.5 lac per month but it will increase as the area gets more population. |
Amir replied on Saturday, February 4, 2012 10:21 AM
It looks like South side of Rwp/Islamabad is having more potential for growth in future. Thanks for your prompt replies.
@ Irfan Bhai,
I shall be out for shopping soon.
In your view, which one is the better agmost the three suggestions. I'm looking at te future state after 4-5 years in terms of rental property demand and hence the rental yield? |
Safwan Khan. replied on Saturday, February 4, 2012 01:40 PM
@Amir.
Bahria 1-6 already populated and have potential but its way too over priced. Try to find a good deal e.g. 1 crore for 5 marla plot.
Bahria Spring North and ph-8 is over commercialized and over priced too. Has alot of potential since that area is growing fast touching DHA ph-1, DHA ph-1 ext, Bahria phase-7 & 8. Main Blvd plots are 1+ crore and plots in back roads 60+ lacs. Visit all these areas and than make decision, negotiate hard as dealers will ask a lot more. Also visit Bahria office, they could also offer you some good deals. |
Nadeem replied on Sunday, February 5, 2012 06:55 AM
@ Amir
You can diversify your investment, (1) Buy 2-3 shops in DHAI-II World Trade Center building. (2) GT road commercial area commercial plots in DHAI-II. (3) Bahria North Spring area (4) DHA Business bay close to Bahria-8. You may try other location and make your own decision. |
Irfan replied on Sunday, February 5, 2012 08:05 AM
@Amir, Same preference as I mentioned. Regards and wish you best of luck. |
Waqar replied on Sunday, February 5, 2012 02:22 PM
I have recenty did the research on exactly same projects.
Mr. Irfan's 3 options are the best.b-Dha II is the best option. |
Shehzad replied on Sunday, February 5, 2012 08:03 PM
I agree with Mr. waqar DHA II Commercial is GOOD and Safe too.... |
KSA replied on Monday, February 6, 2012 04:42 AM
@Irfan Sahib
What is the price of 4-5 marla Bahria Town (Phase 1-6) Civic Center?
Thanks and Regards |
Waqar replied on Monday, February 6, 2012 05:52 AM
It is between 1.5 to 1.8 crore |
KSA replied on Monday, February 6, 2012 06:39 AM
@Waqar
Thanks. You can get 8 marla at DHAI2 GT Road for 1.9 crore. I have purchased a 4-marla for 1 crore recently. |
Rana Tasawar replied on Monday, February 6, 2012 09:00 AM
Dear All
Thanks for your valuable advices, I m also planing to buy commercial in DHAI-II. What is exact location and how to proceed for purchase. |
KSA replied on Monday, February 6, 2012 11:08 AM
@Rana Tasawar
Its located at Gate 3 of DHAI-2. It has direct access from GT Road and also from DHAI-2 Housing from the back. Procedure to buy is simple. If you leave your email, I can send you name of a reliable agent who can undertake necessary procedure. I dont want to advertise his phone number as I dont have his permission. |
Mian Najam replied on Monday, February 6, 2012 06:18 PM
I believe Investing in P.W.D housing society commercial area will be good investment for this time and for the future as I also own two commercial buildings there. The rentals I am getting is way good then Bahria town and DHA. I Do have few proposals for you if you are interested do send me email or call me.
cell: + |
Rana Tasawar replied on Wednesday, February 8, 2012 04:48 PM
Dear KSA: thanks for your valuable advice.My email address is , one more clarification, commercial area is on left or right of Gate 3. |
Ahmed replied on Monday, July 23, 2012 09:01 PM
As salam o Alikum,
I am overseas pakistani. Want to buy a house in DHA Islamabad or Bahria Rawalpindi. Which is a better place to live for my family?
Which is safe investment as I will be living out of the country most of the times.
Also please let me know the procedure of transfer?
ahmeds400(AT)ymail.com
you kind help will be appreciated. |
