Brother CMY,
I am looking forward to your sincere advice. I purchased a 1 Kanal plot in Phase 7 T-Block (upper cuttings near 360) almost 18 months ago for 10 million Rs. This investment represents everything i have available to me as savings to date.
Despite the possession in Phase 7, the prices have not moved at all. Now I am confused how to proceed with this investment.
Should I keep this plot for another 2 years to allow house construction in Phase 7 which may help to gain some profit on this massive undertaking or should i sell it and make other investments ?
I am really confused and don't want to rush it to risk my entire life savings. I will be really thankful to you for consideration and advice.
Regards,
Dr. Hina
Block B replied on Wednesday, May 27, 2015 02:04 AM
You want to invest or build a home ? |
ZI replied on Wednesday, May 27, 2015 06:37 AM
I think prices in phase-7 will stay the same for long time at least if not came down due to large supply of plots in the market and almost everyone is looking for profit like you (thousands investors Vs extremely low real buyers).
Keep an eye on the prices and if you see even a very little drop in prices , sell it immediately.
ZI |
info replied on Wednesday, May 27, 2015 07:13 AM
Substantial development has taken place in phase 7 and now is the time for prices to increase. There is rapid house construction going on and new house construction is initiated every week. Only last week I saw several new houses being started.
It may be the time that prices increase and if you see price of commercial file it has increased from 125 to 148. However supply of plots has increased a lot in Lahore real estate and I don't know what will be the impact but I think as phase 7 is substantially developed this supply may not affect phase 7 prices. |
saima replied on Wednesday, May 27, 2015 07:51 AM
info plz advise i want to construct and live there immediately which block of dha 7 is most suitable,thanks |
Dr. Hina replied on Wednesday, May 27, 2015 03:31 PM
Thank you very much for all your valuable suggestions. Going by your unanimous advice, i will hold my 1 Kanal Phase 7 T block plot for 1-2 years to maximize the gain. |
