Dear All AoA,
I bought a plot for Rs. 5700,000 in DHA phase 6 in 2007. Its current value is about Rs. 8000,000. Diff is + Rs. 2300,000. Now, let’s look it from another angle, 1 US $ was = Rs.60 in 2007 and now = Rs.92.
Rs. 5700,000 valued in US $ = 95,000 and Rs. 8000,000 = US $ 86956 now. Actually, I have lost US $8044 by investing in property business. Am I right? Request comments from expert members, please.
Regards
Ali Abbas replied on Monday, May 28, 2012 06:05 PM
i bought a plot in 2010 in phase 6 sector c from 52 lakhs now its current value is 95 lakhs. dollar was 85 at that time and now its 93.at that tim e my plot value was 62000 dollars and now its value is over 100000 dollar. so my story is absolutely different from your one. |
Anjum replied on Monday, May 28, 2012 06:13 PM
In which block DHA-6 do you bought the plot. In Block B current price is above 100 lac.
If you had invested $ 95K in Stock during 2007 then now your investment may be reduced to less than $ 50K only. I think you will get handsam profit in property in near future in DHA=6 |
MAS replied on Monday, May 28, 2012 07:20 PM
It is all about timing. Anyone who bought a plot around 2006-7 when plot prices had gone significantly up and dollar was at Rs 60 will find that he has lost in dollar terms. This is because dollar had remained at 60 for a very long time and a major correction took place thereafter sending dollar from 60 to 80 in a very short time.
Anyone who purchased when dollar was at 80 or more is probably fine in dollar terms. Also those who invested in plots before 2003 are also fine because the price in rupees was very low then. Actually your loss is ONLY $8044 because you invested in phase 6 if you had invested in stocks or some poor location plot your loss would have been much more. Even if you had purchased a house in USA with those dollars you would still have been at loss. |
Kashif Chohan replied on Monday, May 28, 2012 11:44 PM
Property gain almost 30% dollars value in Canada(Toronto Area)since 2008 |
ms khan replied on Tuesday, May 29, 2012 01:53 AM
kashif chohan sab
you are looking here after long time.have you sell out your 5 marla house in bahria lahore.i was interested in this house and i was searching you here and there. |
Post_Please replied on Tuesday, May 29, 2012 03:09 AM
Dear MAS,
Forex market do not correct it self like gold or real estate markets.
When theres nothing going right in the economy, dollar and all other currencies will rise, simple. |
Post_Please replied on Tuesday, May 29, 2012 03:16 AM
I mean you don't have to wait for Years for a correction to take place. |
Adnan replied on Tuesday, May 29, 2012 04:53 AM
i bought a plot in phase 7 for 37 lacs 10 months ago, it was 41000$. Now it is worth 55 lacs which is 58000$. It depends on what time you bought your plot. Back in 2006, it was high times for property and the prices were unrealistically high. |
Aslam replied on Tuesday, May 29, 2012 06:13 AM
@Adnan
At which location you bought a plot 10 months ago as the differnce you are mentioning seems not real. |
Adnan replied on Tuesday, May 29, 2012 07:15 AM
@Aslam
X block, in the 140X lane. |
Jameel replied on Tuesday, May 29, 2012 01:07 PM
I made many investment from 2006 to 2011, the cumulative sum up is i am getting about 4 to 5% profit in dollars, even if you take into account the Pak Rupee depreciation. fortunately by grace of God all my investment had been without any dispute etc and for this I give reward to LRE site and CMY.
On the other hand real estate and liquid money is different business, The ever lasting assets are your deeds, but if you talk in terms of money then real estate stays with you much longer than your money. I dont intend to sell any of my investment unless there is some unjustified taxes or dues. My father bought some land in 1965 in 12000 and now it is worth 2.4 Cror, My father says that in my Carrier I earned millions and spent millions, it means 12000 for him even at that time did not had too much value and he told he was spending about 1000 per month in home. he must have missed many such investments and money is no where.
Another example of inflation I tell you in 1980 we made a 7 merla house at that time Grey structure coasted us 32000, And Now you cant fix even main gate of same house in this much money. |
Kashif Chohan replied on Tuesday, May 29, 2012 11:34 PM
MS Khan
You can call me on +r e mail me at . Since last year the situation has changed a lot in Bahria town and prices rose sharply. The house which you are talking about has currently been rented out on 20K. |
LRE Hot Topics replied on Friday, June 1, 2012 06:10 AM
Post added to useful posts list. View MORE Useful Posts Click on >>> LRE Hot Topics |
dollars replied on Saturday, June 2, 2012 06:30 AM
well im not sure if dollars can be considered as investment in the long term... as if you look over the past 10 years then property is far better then dollars... u to the present economic conditaions in pakistan is seems like dollars are better for the past few years... but this trend can not continue for long... as property all around the world is always better than paper money! |
