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

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LRE PRICE : Central Park Lahore Residential Plots Available (Ready For Construction)... 10M = 6.50 to 14.00, 1K = 13.50 To 25

Can anyone please advise and give sincere suggestion if Central park Lahore is safe and good investment for kids / next generation who will be at marriage stage in 15 years? I know my father did same for us brothers and now its time for me to do for my sons although they are too young at this stage.

My priorities are to buy plots at safest and secure living standard at the minimum price and leave these plots for atleast 10 to 15 years for sons and when they reach their wedding stage, they can either build their home or sell it if they want.

Currently, I don't think DHA Phase 7, 8 or 9 are in reach of ordinary person like me so would prefer middle class investment like this in Central Park especially when there is no hope in DHA when there will be possession of these in newly balloted in Ph 7, 8 or file of Ph 9 and even if I/we think to buy it now at this stage, current value in DHA is over-priced regardless its physical plot (completely out of reach) or file in these phases

I have few queries about Central Park Property and would highly appreciate your suggestion/advices:

- 1 Kanal plot starts from 13.50 Lac what is price of good location plot in Central Park

- Is it safe and developed place for future after 10 to 15 years

- Is it good investment for them (kids) to buy at this price then any other secure property place available in Lahore

- Is there any map for central park (I can't find any map on either Central park or LRE webite as web link doesn't work) so I can see the plots number in different blocks about their price / location

- Are there any Panelty charges if you don't build house in Central Park for another 10 to 15 years like DHA are charging far too high for not buiding a house?

- Is there any Patwari culture involved to buy plots in Central Park as I hate it dealing as sometimes they sell one property to multiple people: What is best way to check if plot has not been sold to more than one person. Patwari job starts on the basis of bribe which he gave to get this Patwari job.

Another point about DHA is if they do not waive off the Annual Panelty charges for not buiding house on Plot in any phase, then there is no point for an investor to invest in DHA and I don't think there are many people (not more than 20%) who invest/buy DHA property for building house for them.

DHA is like IMF (Internaltion Monitory Fund ) searching every single corner / chance to grab money on top of actual plot/file e.g. Membership fee, Panelty Charges, High Development charges etc. etc. etc.

I know, it not someone responsibility to answer my queries but would really really appreciate if you comment.

Regards,
ProudFather