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Disposing off Prism Plot...Advice Required,

(99055)
   K Siddique
Wednesday, April 6, 2016 02:50 PM 
Reply: >
AOA,
I was lucky to be allocated 1k plot in Sector D on 150yds road opposite Sector C. Now as per market rates in sha Allah will get very good rates if i sell it. Now I am thinking to sell it and buy 2x files in DHA Multan and 2x files in DHA Bahawalpur of 1K each from this money and wait for 4-5 years, as I can keep for this period....PLz advice me should I go on or stick to Phase 9 for 4-5 years.
Thanks and JAZAKALLAH
Ekrar® replied on Wednesday, April 6, 2016 03:11 PM 

Also arrange to pay 80 lac development charges for these 4 files :P
Ekrar® replied on Wednesday, April 6, 2016 03:14 PM 

sell ur plot @125+, then split ur investment in different parts of Lahore! ...but I would suggest to buy ONLY IN LAHORE!
Kam replied on Wednesday, April 6, 2016 03:55 PM 

Bahawlpur is Pind-village. Dont even think to invest in BWP. I Visit bwp after 10 years and shoked to see that the area is the same no new developments in 10 years.invest ín Lahore
K Siddique replied on Wednesday, April 6, 2016 04:55 PM 

Bahawlpur 1K file is dropped to 22 lakhs ....in this price you cant find DHA 1k file
K Siddique replied on Wednesday, April 6, 2016 04:59 PM 

@ Ekrar bahi Development charges are not the issue....as DHA never canceled the plot on non payment of these charges....what do you think what can be the max price of my prism plot and DHA Multan and Bhawalpur plots after development...after 4-5 years
Ekrar® replied on Thursday, April 7, 2016 01:51 AM 

Lets keep 5 year time frame and a budget of 150 lac:
At present 32+20 dc= 52 per kanal in dha multan . . .meaning that u can buy 3 multan files in 150!
Ur top location prism plot will be 350+ after 5 years....gain of 200.

just ask urself a question:
when will a file of dha multan give u 70 lac profit(3 files=70×3=210 lac)
If ur mind says that u will get 70 lac profit per file in 5 years time by investing in multan then u can go for it!
Ejaz_EJ® replied on Thursday, April 7, 2016 03:14 AM 

Mr.Ekrar
I have to salute your assumptions, magically you put the EXACT price of prism plot at 350, nobody knows man.

just be practical, Multan files can give more benefit in short/long term despite having one plot.

Thanks
MBS® replied on Thursday, April 7, 2016 05:09 AM 

Not sure about the Bwp DHA but DHA Multan can easily leap to double the current price in 3 years.

That means 150 lac investment should be around 300 lac in 3 years.
Prism is good but 350 mark has not been achieved until now by even Phase 5. 350 in 5 years for a prism plot is a folly projection.

Nevertheless, its a fair idea to split your investment in different places.
Ekrar® replied on Thursday, April 7, 2016 08:24 AM 

A top location plot in prism is very much likely to go even beyond 350!
These certain sectors of prism, after development, will be even better than phase 6 or phase 8. After 5-6 years, even the developed phase prices become double due to INFLATION. I have no qualms in saying that phase 5/6/8 will be at 350+ after 5 years. THEN why not one would expect TOP LOCATION DEVELOPED PRISM PLOT at 350+?
(EJ sahab, 350+ is not the exact price, prism TOP LOCATION CAN BE EVEN MORE after 5 years:I am sure you don't want me to discuss pros of PRISM, orange line, LRR etc etc!)

Adnan sb, this downward dip has happened in the past with so big a phase like 9-ext. Actually 9-ext is a big phase, even bigger than prism. So when DHA starts to issue files to agri-land owners there in 9-ext, the supply of files will be so abundant that the prices may go down even below 35!
BUT ONE HAS TO WAIT FOR THE 'RIGHT' TIME TO INVEST IN 9-ext!
Adnans sb, I am talking about WHEN WILL ONE GET A "PROFIT" OF 70 LAC BY INVESTING 32+20 IN DHA MULTAN?( i.e DHA Multan investment: 32+20=52 lac, When will THIS PLOT GIVE 70 LAC PROFIT AND BECOME OF WORTH 120 LAC?... If u think, it will give such profit in 5 years and will become 120 lac in 2020, go for it!)
Ekrar® replied on Thursday, April 7, 2016 08:41 AM 

Based on LRE rates,
TOP LOCATION PHASE 6 at 250+. Think its price after 5 years....not even 350?
TOP LOCATION PHASE 8 at 240. Think its price when construction activity starts and then after 5 years....not even 350?

TOP LOCATION PRISM WILL BE EVEN BETTER THAN PHASE 6 /PHASE 8 PRICES....THEN think of ITS PRICE :D

I believe phase 8 will break the psychological barrier of 400 after 5-6 years, n prism will follow the suit!
Adnan replied on Thursday, April 7, 2016 09:33 AM 

Thanks a lot Ekrar Sb, Its really very nice to learn from you because you guide always in realistic approach and proper examples.
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