Guys i am reading so much against the plot values of PH 9. Files and plots are two different businesses. 1-Files is liquid and short term investment. The life cycle of file business was before the balloting. Now you look at your records and see at what rate you bought the file and after how many years you could have exited on 63. So how much money you made. If you did not sell the file before balloting. YOU DECIDED TO GO FOR LONG TERM INVESTMENT STARTING FROM THE BALLOTING DATE.
Now wait, every investment needs time to gain. On 15th May you invested in long term investment and un happy in 20 days that it didn't increase? not fair in my view.
My calculation of my investment, File in five years my first liquid investment, tripled in five years (there were times when it went down from my purchase price, but i was patient it is part of the business).
My second investment started on 15th May the ballotting day, plot bought at bought at 63 may have gone down in 20 days to 45lac but its ok its just 20 days i will see after 3 to 5 years. just wanted to say these are two different business cycles. Second cycle started just 20 days before relax bros Real estate is long term investment. If you want results in 20 days go to stock market.
My two cents, hope not offending anyone if i did my apologies in advance.
Jameel replied on Sunday, May 31, 2015 07:12 PM
Ahmed your point of Holding long is right but there different need of holding of people, some people recycle money more faster and get more profit, my uncle was in car business and I used to sit with him sometimes. Once i questioned him that this Mercedes have have much more margin than than that Civic but you are interested in Buying civic for investment why. He replied that "In the time I will sell one Mercedes I will sell 10 Honda and Toyota" The logic was right.
Selling one plot In 5,6 years time a smart investor will make 2,3 switches and in 2020 will buy two plots in DHA 9.
In 2007 and 2011 I Bought two plots in Total of 61.5 lac at that time price of 10 merla old House was 65 in Johar Town, Now If I sell both I can buy a kanal House in Johar Town. |
ZahidA replied on Monday, June 1, 2015 03:50 AM
Dear Jameel sb.
Would you like to share where did you buy the plots and what was appriciation on these. As if you have bought DHA9 files in 2007 when it was 13 lac with five files you still could have bought the house in Johar Town of your choice.
This is not critism but being curious to learn as you sound more calculated and risk averse in your analysis. |
