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

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Sunday, April 1, 2012 05:30 AM 

I am enjoying this discussion on the forum. Thanks for presenting both the views here on this forum about Phase-9 files. I am an overseas Pakistani living in GCC who bought a Phase-9 1K file recently in Jan 2012 in 24.9Lacs. I am a serious buyer with intention of a long term investment. My friend, a keen businessman in Lahore having a significant amount invested in various phases of DHA Lahore for personal use, recommended this property for investment to me around 18 months back when it was still somewhere near 14Lacs, I took a while to decide and when I decided finally the file price was well above 20Lacs.
Why I still found it appealing at PKR 25Lacs + Development Charges (say 15Lacs but keep in mind that this is to be given at a later stage), is because where else in Pakistan you can get in to DHA at this price (i.e. 25Lacs). Before investing here, I checked DHA Karachi, some apartments in Islamabad and some other plots in Islamabad's private societies and all of them were equal to or much higher than this price that I paid for DHA Phase 9. And then obviously it is DHA and in this materialistic world, brand name does count, so it was better to get a plot in DHA rather than an XYZ Society.
My friend advised me at the time of buying that DHA Phase-9 will be balloted after 3 years and possession will be in 7 to 8 years, however if I believe this forum then it is much earlier than that. Anyways, this did not affect my desicion as I was looking for a long term investment.

Hope all above will give you opinion of a serious buyer who is interested in building his dream home in Phase-9 at some point in future. However man proposes and GOD disposes. And verily Allah is the best desicion maker. So I leave my affairs to Almighty Allah. Ameen.

sincere advice replied on Sunday, April 1, 2012 06:43 AM 

What are the chances that you will get a good plot. Phase 9 is a big area with lot of villages (One of them Kamahan is very big ) and Hadiara drain also on one side. ALL THE PLOTS ADJACENT TO VILLAGES AND DRAIN WILL BE "BAD LOCATION" plots

jk replied on Sunday, April 1, 2012 07:30 AM 

@sincere advice why are you so negative. mext purchased his plot on good faith and rest left on Allah SWT and surprisingly you are suggesting with if and but.

I believe you should re-think and call it sincere advise .

forum reader replied on Sunday, April 1, 2012 08:24 AM 

@sincere advice i don't know why you guys are creating negative impact about phase 9 files. Let me share my experience, about 2.5 years back i buy dha phase 9 file in 1.5 million after advise of wise man who also guaranteed me if the price did not rose to double after 5 years bring me the file and i'll buy your file at 3 million. After 2.5 year file price is 2.6 million and is close to 3 millions and i am dead sure it will around 40-50 lac within next 2-3 years. So... do not listen to the guys who create negative rummer. Let me tell
Dha phase 5 balloting year 2000
Dha phase 6 balloting year 2003
Dha phase 7 balloting year 2007
Check prices of all these phase... it shows constant increase in price.
Do logical research yourself.DONOT listen to WISE GUYS like "sincere advice"
I am sure these guys want to achieve their own objective by creating negative rummer about phase 9 file in market.
Once again do your research... and take decision.

sincere advice replied on Sunday, April 1, 2012 12:14 PM 

I am not spreading any rumours. What i said was for the benefit of forum members. This is a fact that cannot be denied. Go to Google earth yourself and see there are at least 3 ( and possibly 4 ) villages in the territory of phase 9

amir replied on Sunday, April 1, 2012 01:25 PM 

villages han tu phir kya howa dha promises us to place in dha and we would b placed in dha phase 9 ... pind may nahi dal dana unhn nay hamain and plz keep this thing in ur mind dha phase 9 would b the best state of art phase of dha inshallah

Hassan replied on Sunday, April 1, 2012 01:33 PM 

@mext...i agree with your way of looking at the whole situation...ive also bought a file at 25.50...i plan to construct my house in good about 5-6 and decided to buy phase 9 after consulting with many experts and elders....M HAPPY.... :) and wish happiness for all.....
@ forum reader.....you forgot to mention phase 8 ballot in 2010....so looking at the history 2013...phase 9 is next..........

UnRealisticPriceOfPhase9 replied on Sunday, April 1, 2012 02:41 PM 

Hi all,

I agree with 'Sincere advice' that if you buy at higher price (26+ Lac) + Transfer Charges (1.6 Lac) + development charges (12 to 15 Lac) totaling 40 Lac + and if your plot is ballotted at worst location like near Drain / GundaNala, or away from main location, Its value would not be more than 32 to 38 lac after ballotting like in DHA Phase 7 or 6 some of the worst located plots are currently valued start at 34 or 36 lac max even these phase 5, 6, 7 have been balloted long time ago.

I also agree with jk to not to be negative but you should always expect something unexpected and all aspects in mind.
To be honest, its not something to be negative about phase 9 but everyone has to be careful while buying especially who has earned /saved the halal money by hard work of their life.

For Forum reader, its not something creating negative Rumors about phase 9 file. We are not dearler/broker but just ordinary people of society and by expressing our point of view in favour or against favour of Phase 9.
Don't be offensive if someone express against it especially rapid price increase which make it suspected that price is not original & fabricated or maked up like when a women make up her face, its look so pretty but when wash the face, its back to original/natural beauty. And you would agree that natural beauty is the genuine beauty.

Take care.....

jk replied on Sunday, April 1, 2012 04:47 PM 

@ UnRealisticPriceOfPhase9

I would appreciate if you can leave your name and contact, would love to meet a person like you.

asim naseem replied on Sunday, April 1, 2012 05:34 PM 

dear unrealistic price of phase 9 plz stop confusing ppl abt loction of phase 9 ,y dnt u see the phase 7 z block location its the corner of whole dha and the worst location of dha, but rates still stads there and the plot cost there 38 lac and i believe the worst location plot of phase 9 would worth more than phase 7 z block and the goood location plot of phase 9 would worth near phase 5 extanion plot , y u always pick up the negitve points of tthe dha phase 9 well now u did a calculation and trying to throw michee in the eyes of ppl and said phase 9 worth more than 40 , maray bai jab balloting ho ge phir ja kar app ko 15 lac pay karna paray ga and dear at the time of balloting, file ka rate bohat uper ho ga abhee file sirf 26 lac may cost kar rahee ha , dear abhee 26 lac spend kar k app ko dha ensure kar raha ha good lacation plot in dha , and tell me what if a person have only 26 lac , poray dha may kahan app koa 26 lac may 1 kanal milta ha, rest of the money one can arrange till balloting so stilll there is a chance agger kisi k pass 26 lac han aur wo wait kar sakta ha tu us ko abhee ya file lane chahiee reason is its just 26 lac and u r booking a 1 kanal plot in dha all u have to do is wait and u need to arrange the money 4 devolpment charges and plz dat thing is 4 sure dha will cumup wid really good plan 4 dha phase 9 inshallah

asim naseem replied on Sunday, April 1, 2012 05:36 PM 

aur han bai maray ganda nala jis ko app bar bar mention kartay han passes 1 km away from dha phase 9 plz dnt missguide ppl and the kind of working u r doing seems u r a part of mafia who is trying to lowerr its price and trying to get more and more benefit dha plz remember phase 9 is the upcoming project of dha . dats the only option nw

LRE Hot Topics replied on Monday, April 2, 2012 01:42 PM 

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