Today we reached to 7 day since the ballot of phase 9 happens and so far there is more confusion and uncertainty due to the map and allocations of plots . In general around 60 to 70 % people r not happy with what they got and if we see most of then r 5 marla with very high expectations. It's not their fault because if u compare the prices they r the ones who paid highest amount per marla , so we can understand their disappointment. In my opinion they would be biggest gainers only if they can hold their plots for another 2 years max , because mostly the new buyers would be gets desperate to be buying their plots on good price ..as CMY sir and all other experts mentioned , the key to success is in holding power .as I sees the market at the current moment , there will be a big dip in next 2 to 4 months then we will be able to ma I've towards more stable prices..as I mentioned before in my posts phase 9 gains will be best 150 to 300 % in 6 to 7 years specially for 1 kanal and 100 to 150 % for 10 and 5 marla (as mentioned also by CMY sir that kanal plots have a lot of room to grow if we see the pre ballot price of them ..as the pendulum is shifting towards to raiwind Rd , all prism plot holders should hold tight their plots and don't give up so easy .there is no way that anyone can beats u in prices after 6 years ..all the best
omer replied on Friday, May 22, 2015 03:56 AM
@rafigrp , as an economist like u , the pakistan base real estate don't work on ground realities as they should world wide .the biggest example is at the moment is the balloting and scheme plan of dha prism .would u as u asked the question believe that any normal market would reacts in such a way in anywhere in world? .my answer would be no and never.we likes to lives in perception and works to makes it reality by the help of different factors.hfew of them r investors (the middle man) real estate agents (who have their personal money involved in the projects) delayed process from file initiations to plot possession. In the rest of world people shifts away from center of town and build new societies so the market moves evenly , but here in Pakistan older the society more is the price ..my own example is that I bought a flat in karachi for 5.5 lakh in 90 and now it's 85 lakh ..sounds crazy for a 25 years old structure but that's what I means by ground reality of pakistan. We as people r getting richer just investing in property rather investing in as for nation betterment. My dad bought a piece of land in dha lahore phase 1 25 years back and now it's worth 80 million and he only paid 25 lakh for it .no business would give that kind of result in Pakistan other then real estate.thats why u see alot of common people investing in files rather then plot or home.as living in Usa for 20 plus years and working for a multinational firm as a civil engineer , we r seeing some big investment coming to Pakistan , not an aid but real on ground investment ...not only from China but also from few European countries and as well as Usa after elections next year .the reality of pakistan is so weird that it even surprised economists like you ..all the best |
ALOO3 replied on Friday, May 22, 2015 05:06 AM
PAL KI KHABAR NAHEEN TUM 6 YRS KI BAAT KARTE HO , LIFE IS TOO SHORT AND WE SELL WHEN IT IS NEEDED REST GOD KNOWS
MOREOVER I BELIEVE IN EACH PENNY BEING GIVEN COMES FROM GOD ALMIGHTY GOOD OR BAD UR FATE UR LUCK MAN PROPOSES ONLY HAVE FIRM BELIEF IN GOD AMEEN |
