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

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   KSA
Saturday, June 27, 2015 08:17 PM 
Reply: >

Hi All

I have indirect query here. I have savings of around 4 Crore as I worked in GCC for 15 years.

Due to family issues parents alone and one more liability back home want to settle in Lahore.

I am an HVAC Sales professional mech engr. so situation of job not very promising in Lhr in my field.

Please advise for 3 primary school{beaconhouse} kids mediocre living in 10 marla rental house ...how much monthly expense required.

I am not party person and go out dining once month and main hobbies are books - charity -

I do not intend to do job just roll my savings in plots 25% and 50% put in savings certificates and balance 25% purchase 10 marla house for rental yield.

Is PKR 1 Lac enough for my expenses.

Thank you
omer replied on Saturday, June 27, 2015 08:56 PM 

@KSA ,I HAVE THE SAME PLANS TO MOVE TO LAHORE WITH SIMILLAR INTENTIONS .I DONT HAVE KIDS AND MY BUDGET IS 1 LAKH .IN UR CASE I WOULD SUGGEST ATLEAST 2 LAKH MORE OR LESS.
Amir Khan replied on Sunday, June 28, 2015 04:50 AM 

@ KSA,

My humble opinion is that you should not just live off your savings but employ yourself usefully as well. With your background you could find a job, or worse open up a small workshop to ply your trade. You could gainfully use the knowledge and experience gained over the years at your job and earn a decent living. You could buy a house for 1 crore instead of rental. It would save you rental charges. With kids school, utilities, groceries, fuel and some entertainment I would say a budget close to Rs. 150,000/- would be a minimum requirement. You could squeeze some things but in Pakistan you never know what may crop up. Wish you all the best in your endeavours. Lastly have faith in Allah, as HE knows what is best.
SK replied on Sunday, June 28, 2015 05:18 AM 

I moved back from US last year and living in DHA Islamabad. If you own a house and a car, 200,000/month is good for decent living. Three kids going school, utilities, grocery, gas and dinner out twice a month.
Amar replied on Sunday, June 28, 2015 10:08 AM 

Saiam or Saima gave a very close breakdown.

I think 1.5 lakh is adequate with own house. If rented, then close to 2 lakh.
Wasim Akhtar : replied on Sunday, June 28, 2015 12:36 PM 

Dear Brother KSA

Last month I was back from Dammam after a Looong time passing in Saudi Arabia. I have my own 10 Marla house in Lahore ( not in DHA ), living average simple life. I found 1.5 to 1.6 lacs are enough to run a family of 5 ( three children which are going in good schools like Beaconhouse ). I was also Engineer there in one of the big Power Utility Company.
However, you may face severe problems in establishing your business. My sincere advice to you, be there if possible.
For further information you may e-mail to me on

Regards,
chaudry replied on Sunday, June 28, 2015 12:47 PM 

ksa i am selling a 5 marla corner house near bhatta chowk defence,behind rehman villas for 70 lacs,negotiable,rent is 39 thousand per month,its v good for income,contact mrschaudryathotmaildotcom
aloo5 replied on Sunday, June 28, 2015 07:01 PM 

well instead of sitting idle u can become a real estate agent , i feel there are two businesses which can thrive easily one is food stuff and the other is clothing rest u can go open a phara macy or a book store or a hard ware store well when u have done enough of job u can always try ur luck with a small decent business i myself feel that i should go to makkah or medina and open up a small food chain desi type for the hajis another one is start with ur own small constrution company building small houses and as a contractor house builder may ALLAH be with u
say no to aloo replied on Monday, June 29, 2015 02:28 AM 

aloo5.... it is clear from your name that you are interested in food business especially aloos (potatoes) :)
Azfar replied on Monday, June 29, 2015 05:54 AM 

DEAR KSA,

What about home making and selling business. ??
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