Adnan replied on Sunday, April 29, 2012 02:37 PM
Dear Mrs. Baig
I am not a part of the LRE team but I have been in similar situation. May be this will help. You cannot build a house with the money that you will get by selling a 10 marla plot in BT, you need to have around twice as much to build a house that you can rent. Renting a house in Pakistan while living abroad is a headache and has implications, I have rented my house with my mother and brother managing it, still it is a big hastle and not enough return. The price of BT 10 marla is not going to give you any substantial markup over the next 5 years, the main part of any price hike would actually be rupee devaluation. Paying non construction charges indefinitely is also not a good idea and will actually compensate any price increase. Therefore, I would suggest that you sell both the plots and buy in another scheme, e.g., DHA Phase 7 where you can buy a 1 kanal plot with this money, or you can buy two Phase 9 files and then relax for the next 5 to 8 years. On phase 9, you will have to pay development charges which should be around 3 million for two plots, but once developed, two plots in decent locations in phase 9 around 5 to 8 years from now should not be less than 6 to 7 million each. This is only my humble opinion and LRE team may be able to give you a few more options. Good luck. |
