Dear All ,
I came in Pakistan for 15 days . I purchased an expensive plot in DHA Prism 9 for 128 lacs inclusive transfer and commission .
Plot is excellent on 150 ft road and upper block . I found out that i purchased it a bit expensive .
What do you expect the price after 18 Months ( thats next October -2017 when i visit Pakistan ) . I paid 5 installments yesterday amounting to 8.10 lakhs approx because till October 2017 ( I dont want to have any load )
Total amount paid =136 lacs
Expected price next year October =???
Regards
I am flying this Saturday
Suleman Memon replied on Thursday, March 10, 2016 03:33 AM
@Wajahat,
first of all you should have done your home work before buying. you should have called 4-5 dealers to enquire about the prices. The amount you have paid you could have a bought a very prime location plot in phase 7 with possession. Ph 9 prism is all in map at the moment and as per dha it self it will take 4 years to develop. I am oversea myself but it is people like us who just push the market price up by purchasing/ paying unrealistic prices and some of the dealers trick us as well. My friend you hae done a high side buying. If want to make home than fine, if for investment purpose lets see what happens next year. Phase 9 prism market will hold its prices now for long unless phase 7 and dha 9 Town prices come to some realistic levels compare to other dha phases.
Another thing you can do is call few dealers and get your plot valued . You will know its worth. By the way in the last 15 days 9 prism have seen very weak trading and people who are willing to sell have decreased the prices upto 10-15 lacs in a kanal plot. Best is call LRE and they will help you. |
Habib replied on Thursday, March 10, 2016 04:01 AM
There things should be considered before
Try to avoid to jump into a hyped sitaution especially when it is for investment.
Get Comperative price info
Good Bargain.
Inspite of all this sience there are some people who always buy in hype and sell in depression.
I feel in October 2017 your plot will just consolidate its price and will be able to cover only transfer expenses and comsession. But dont worry Loss is not expected. Rest God Knows |
Akmal replied on Thursday, March 10, 2016 04:24 AM
Whatever u are doing now, u should have done before buying this plot. I guess it was not a well thought & wise decision. As u have already bought it, now wait for couple of years for some return. Good Luck |
Nabeel replied on Thursday, March 10, 2016 04:29 AM
All these far flung societies like DHA Prism....wait for 5 years for return on investment
18 months is too short time to be looking for returns unless something huge happens in the area. South side has only risen fast due to Lahore Ring road, otherwise there were no rises within 18 months there as well. |
Wajahat Kamran replied on Thursday, March 10, 2016 04:33 AM
Infact , i knew i was purchasing 5-7 lacs expensive but it was corner 150ft ( upper blocks ) road and there are very few corner plots or facing golf plots . So i took the chance. Lets see next year ..long time |
Nabeel replied on Thursday, March 10, 2016 04:36 AM
Don't worry, you've taken your decision. No use crying over spilt milk. Everything is selling in Lahore like hot cakes because of hype. Hope everyone is ready when the price bubble bursts. |
Ashfaq replied on Thursday, March 10, 2016 04:37 AM
@ Wajahat,
I believe you did right investment on right time for a prime location plot although little bit costly. But now have trust on Allaah the Almighty and do not take any panic. Your plot is on prime location and I think up to Oct 2017 or end of 2017, its price would be between Rs 175 to 200 lacs, Insha Allaah (only Allaah knows the future). |
Bao-G replied on Thursday, March 10, 2016 04:40 AM
Dear Wajahat,
I am not agreed with all members. Since you have take decision whatever the outcome is (expensive), its fair.
Do one thing, if you can wait, this investment will give you some sort of return (not huge but some). So... Wait now.... |
usman replied on Thursday, March 10, 2016 04:54 AM
@Wajahat
what is done is done. Learn from your mistake and dont look back.
Hold this plot for atleast 5 - 7 years.It will definately gain.
if you try to sell it quick you may loose money. |
ShahzadQamar® replied on Thursday, March 10, 2016 05:17 AM
Expect it to be double in 6 to 8 years time. You will not lose money but you might have already lost profit of around 30 lacs in 6 to 8 years span |
Pakistan® replied on Thursday, March 10, 2016 05:55 AM
@Wajahat
dont be hard on yourself
We, the expats, will always buy a bit higher since we are already on a deadline of 10-15 days trip.
any one living in lahore can always secure a better deal. So just ignore that 3-5 % that you paid extra... |
Muhammad Asif® replied on Thursday, March 10, 2016 06:30 AM
Agree with Pakistan.
For future..just keep visiting this website at least for a month or so before coming, if you do not have time to visit regularly..You will have the idea.. |
Surfer replied on Thursday, March 10, 2016 06:51 AM
@ Wajahat bhai I have read all the views most of the people here are with discouraging behaviour passes comments regarding your post. It is very easy to pass comment & it is very difficult to be in your shoes & than Answer. Lets make a positive statement you have bought expensive plot no doubt but you have paid for what? You have select the creme of PRISM but your timming is bit late. That what i always said property is the game of TIME (buying as well as selling) LOCATION, & MONEY,Once you have mixture of all 3 elements you gain a lot but with patient.As you have made a late decission that why you have paid more if you make this decission 3 months back you can find plot like yours may be in 95 or 1 crore. But a plot like yours is not possible to buy again because excellecnt plots are now hold for long period of time and Vanished from market for longer period of time.
My advice for you is hold it for atleast 3 years for good gains, and 5 years for Excellent gains. "In sha Allah" |
Habib replied on Thursday, March 10, 2016 07:26 AM
Sitting over here in UAE I almost always Fix the Token through "reliable dealer", He never Offers my bid to seller but a bit less, And keeps about 50 K Margin other than Comession but I am still Comforatable as I know Margin is not 5 Lac.
And deal is tension free with in week. |
Mir replied on Thursday, March 10, 2016 08:39 AM
Cut your losses and run. You've been duped by the Prism bridge (which also has a large presence in this forum). The largest phase of DHA (compare the size of prism to the reset of DHA) and you really think it will be developed in 4 years ? Look at DHA's past record. That's all i gotta say. |
AhmetKildir® replied on Thursday, March 10, 2016 08:58 AM
I don't know your plot number Wajahat but if it's a 'best' location plot, it will be worth 3+ crore in 3-5 years so don't worry too much.
I bid on a plot in February at 119.5 but the seller still didn't sell it. So trust me there are plenty of fools like you and me looking for excellent locations without sweating too much about overpaying a few dimes. |
Rana replied on Thursday, March 10, 2016 11:04 AM
Salam to all,
First of all i say you Wajahat " mubarak" for your buying and secondly getting a very nice comments from all sides.
You bought a very good plot so dont worry you would gain a good margin too.
Phase9 is most considered and it would stay most considered. So you could see the prices fastly climbing like ph.8.
I think in one year good located plot would be minimumly about 150 even not developed. Lahore is on peak going in real estate in WORLD, MASHAALLAH.
Rest Allah knows Best.
Regards,
Rana |
opinion replied on Thursday, March 10, 2016 11:45 AM
Wajahat kamran you have taken right decision do not think so much and do not listen to pessimists who are of the view that prism plot will only able to recover transfer cost in 1.5 year. you had grabbed top location in prism after 3 years it will be equal to top location of W block phase 8 in value i.e. 250 lac plus. if you still not at ease with 150 feet plus corner just share your contact i will buy it from you right away. we can involve salman maqsood of LRE in our deal |
Dude replied on Thursday, March 10, 2016 11:45 AM
Yes dear, someone rightly said here in above post, there is no shortage of fools. You concluded this deal first and seeking advise thereafter. Done is done and can't be reversed. Now wait for its becoming 3-4 Crore. Nobody knows would it ever reach that point in our life or not. Anyway good luck. |
opinion replied on Thursday, March 10, 2016 11:52 AM
delay your flight and apply for urgent allocation letter. i am ready to buy |
opinion replied on Thursday, March 10, 2016 11:56 AM
possession possession ki rat lagane walo.. is possession available in phase 8?? yet its prices are phenomenal |
Surfer replied on Thursday, March 10, 2016 01:26 PM
@ Mir your apology is still pending for your last misbehave post. Now again you are giving a stupid advice of running away. Seems like you always run away in your real life???? |
Haris replied on Thursday, March 10, 2016 03:04 PM
The guy himself realises that he bought it a bit expensive and has only asked for its expected price in October 2017. He needs a specific reply based on assumptions. If he plans selling it during his next visit in October 2017, he might be either merely recovering the extra cost he has paid or may earn profit, depending upon how much attraction his plot would draw for a buyer like him. |
TK replied on Thursday, March 10, 2016 04:41 PM
Kamran Sahib agar aap meray Betay hottay tu aap ki ais harkat Kay baad Mai aap ku bay dhakhal kar daita. Who will spend this much in Prism when everything is on paper and you won't even get possession for at least 12 years. Now har Banda jhouti tasalli day raha hai aap ko that you will be in 2 year or you will be fine in 5 years. Kamran sahib truth is you won't be fine till long time. Even now u can recover your money and can move to phase 8 or good location 7 please do that. Prism sirf aike khowab hai and your next generation will see it coming true not in our life time. People need to speak the truth in this platform. |
syed replied on Thursday, March 10, 2016 05:09 PM
its one of finest location , though u paid a bit high but consider yourself lucky for having that location too. |
Qasim replied on Thursday, March 10, 2016 06:18 PM
You bought it a bit expensive by 30-35 Lacs but need not to worry becoz its location is unique. Its hard to find such plots and its buyers. You would hardly require 2-3 years to cover this difference. If cant wait for that much duration, Mr Opinion is a quite serious for its instant buying at the same price. You may check validity of his offer. |
opinion replied on Friday, March 11, 2016 05:35 AM
Wajahat sb. i`m still waiting please respond thanks |
opinion replied on Friday, March 11, 2016 05:50 AM
@ TK yes prism tum jaise hased aur jalne walay logon k lia sirf khowaab he hai. people like you can only bad mouth prism. |
Haf replied on Friday, March 11, 2016 06:41 AM
Mr opinion everyone has a right to give his/her opinion abt any Dha phase or other society. If Mr TK gave comments abt prsim which u do not like then it does not mean u respond like laraka woman. Plz show some decency. |
opinion replied on Friday, March 11, 2016 11:55 AM
Dear Haf please mind your own business. Do not pose as kapati gawandan har ak ki baat may tang ghusane wali |
Khawar replied on Friday, March 11, 2016 02:40 PM
If Wajahat opts to accept Opinion's offer, Opinion will disappear forever, since he knows the actual worth of plot. Opinion has made this offer because he knows Wajahat can't afford accepting it due to time limitation. |
