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Lahore Real Estate Forum: Property News & Community Talk : ,

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   Sher ali
Tuesday, March 6, 2012 10:51 AM 
Reply: >
Dear salman and others
I am close to finalizing a deal for 10 m Askari house , 5 bedroom, corner for 120 mn. PleAse guide me from investment point of view for one year. Will I be able to get 2-3 mn in a year.
Thanx
Dubai replied on Tuesday, March 6, 2012 11:08 AM 

property business is very risky. this is not boom time. no daylight dreams please!!
Rana replied on Tuesday, March 6, 2012 11:19 AM 

Dear Mr. Sher ali,

I believe that you are buying this house in 1.20 mn instead of 120 mn. Please note that 1.20 mn for a 10 marla house in Askari is already too much and you may expect 2-3 mn loss instead of gain in one year.

Kind regards,
Asif replied on Tuesday, March 6, 2012 01:12 PM 

It seems everybody here is confused with millions. 120 mn is 12 crore, 1.2 mn is 12 lakh. I think Mr. Sher Ali is buying house for 1 crore 20 lakh which is 12 mn. As Mr Rana has mentioned 12 mn for 10 marla SD house is too much unless owner has made a major revamp of the house. I dont think Mr. Sher Ali will be able to get any profit even after 10 years but I will request property experts to comment further on this.
Anyone replied on Tuesday, March 6, 2012 02:50 PM 

Location PL.....
faisal replied on Tuesday, March 6, 2012 04:34 PM 

dear all,

i am also going to buy in askari 10,what should be the rpice,and can some let me know which one in best among askari 10,askari 11,dha phase5 and dha phase 8 opposite airport

reagrds,
pp replied on Wednesday, March 7, 2012 01:22 AM 

hello faisal sb i live in askari 10.if u can get a house for 85lakh its good deal then u can put 2 million on house.then its liveable.with out its very bad consruction is realy bad.instead if u can get in askari 11.
Ahmed replied on Wednesday, March 7, 2012 05:57 AM 

Buy as many files as possible in DHA 9 and in two years time you will achieve your target return, Insha Allah.
raza replied on Thursday, March 8, 2012 03:32 AM 

location of askari ten is best.but construction is below below average or you can say third class.n termite proofing ,water seepage and qquality too low.above all its gated community but crime rate is like non gated community.buy in baharia town or phase 5 defence.
Safwan Khan. replied on Thursday, March 8, 2012 07:14 AM 

For profit- invest in Lahore only. Appreciation in DHAI/CDA/Bahria in Isb/Pindi is not much as compared to property in Lahore. In Lahore invest in DHA or Bahria only. Buy two DHA-9 files and sleep for 4 yrs :)

For living- both Bahria and DHA are good. I would personally prefer Bahria. Don't know much about CDA, you may be able to get small plot in new CDA sectors.
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