Lahore Real Estate Property Discussion Forum

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(62123)

Mohammed

Wednesday, May 13, 2015 01:17 AM PST

Reply:

Best investment option for next few years

Dear Fellows,

I got 9-10 million which I want to invest for next few years. In the past had very bad experience with Eden Land, lost so much money there and this is my whole life earnings.
Based on your expert knowledge, could you please give Honest advice, which is the best option for investment? Some fellows suggest Phase 7/9 others Phase 5 extension.
Confused! Please help! JazakAllah

Mohammed replied on Wednesday, May 13, 2015 04:47 AM PST

Dear CMY/JAMEEL Sahib, please advice!!!

WiZeIce replied on Wednesday, May 13, 2015 02:19 PM PST

Dear Mohammed, If you have made it to the site, spend another half hour to 40 minutes going through what the folks here are saying, you will know what, where and how. Put in your own assessments in the end.

(62122)

Arshad

Wednesday, May 13, 2015 12:53 AM PST

Reply:

NFC 2

I want to know about NFC 2.I want to buy a plot in this society but as we all know that ring road is passing through this society so what you will suggest that its better to wait for 2 to 3 months so that map of ring road will be cleared.I have earned my money with so much hard working and i am not in a position to make any risk at this stage of life.What you will suggest me in this situation and also please update me with price of 10 marla and 1 kanal plots in different blocks.Which blocks are good for investment and how much appreciation you will see in next 2 years if someone buy a plot in next 2 to 3 months.I have also heard about mortgage plots what are those? and how one can avoid those?I have visited the society last week but i didn't see any development work there nor any machinery which will develop the society.Only main 150 feet,100 feet roads are developed.How much time will this society take to develop.Will the main 150 feet road or any other road will connect to bahria in future?
I have asked about only NFC2 because its in my budget.Experts please share the detail information of this society.
Thanks

Kamal replied on Wednesday, May 13, 2015 01:01 AM PST

Please wait till ring road map

syed shoaib replied on Wednesday, May 13, 2015 01:07 AM PST

go for h ONLY

syed Zafar Abbas replied on Wednesday, May 13, 2015 02:02 AM PST

Go for C block. It is near to canal and also safe from ring road.

(62121)

syed shoaib

Wednesday, May 13, 2015 12:24 AM PST

Reply:

nfc h 5 marla 34?

lre i owned through local dealer lot u mentioned n ur sale lst , not for sale now its ok if u want to use it own ur site . ty

(62120)

syed shoaib

Wednesday, May 13, 2015 12:14 AM PST

Reply:

dha phase 9 prism

two more days and files will be plot , even a bad location plot gonna gain a lot from file price . INSHAALLAH , hold them 12 to 18 months min.

Z.F replied on Wednesday, May 13, 2015 12:40 AM PST

In my view phase 9 prism map is fake and self generated( coz no garden, no reserve space, no golf course). 2nd i don't feel there are lot of ph9 allocations files are available in market at current situation (Property dealers are just making people fool by selling affidavit files.

SK replied on Wednesday, May 13, 2015 01:04 AM PST

Hello Brothers. I will like to share my experience..Cohan Estates which is Pakistan well known realtors sold me a file which was a effidivet and they told me clearly that it will be part of balloting but it is NOT. Even well know realtors like Cohan Estates and there agents lie to you just to make there commission they don't care about other people lifetime savings. I request DHA to take notice of these realtors who are misleading others just to make there commission. ITS CALLED GREED. SHAME ON OWNERS OF COHAN ESTATES LAHORE..STAY AWAY FROM COHAN ESTATES LAHORE.

T-IX replied on Wednesday, May 13, 2015 01:32 AM PST

SK. It is "Cohan" or 'Chohan'? Clarify pl.

syed Zafar Abbas replied on Wednesday, May 13, 2015 01:45 AM PST

How can I find the result of balloting?? Will DHA display the result on its website?? If anyone can guide, I shall be grateful.

SK replied on Wednesday, May 13, 2015 01:55 AM PST

YES IT IS CHOHAN ESTATES. You go to the reputated agents hoping they will not lie to you or give you wrong information. I bought the file there agents told me that yes it will be part of balloting in phase 9 and when I went to make the final payment they told me it wont be part of balloting but it was too late bec I made the intial down payment. I even spoke with one the partners and he behaved like he don't care. They are mis guiding just to make there own commission and have no ethical values but only GREED. SHAME ON CHOHAN ESTATES LOCATED IN DHA LAHORE. There website show agents of the month etc etc to attract customers and they mis lead others just like they lie selling me the file that it is part of balloting but it is NOT. DHA OR SOMEONE IN AUTHORITIES SHOULD TAKE ACTION. WHAT GOES AROUND COMES AROUND BROTHER.

latif replied on Wednesday, May 13, 2015 02:02 AM PST

Dear SK you can complain in the DHA office

SK replied on Wednesday, May 13, 2015 02:13 AM PST

Thank you Mr Latif. We will be going to DHA Office tomorrow to file a complaint. I heard they have a cell there who take care of issues like mine.

CMY replied on Wednesday, May 13, 2015 02:16 AM PST

SK sahib even though I am deeply hurt with this unjust act I request please dont name any of my competitor dealers or estates here.

Best way to get even is to file a written complaint in DHA dealers association and DHA with all your documentary proofs. Most likely you will be compensated for your loss.

See your name here is not even complete. How could I defend you or your post like this.

Please understand Its not fair to blame any one here If we cant see any proof of wrong doing or person accused dont have chance to clear his side.

In future all these kind of posts will be removed without notice.

Choudry Mujahid Yasin ( CMY )

SK replied on Wednesday, May 13, 2015 02:25 AM PST

Mr CMY. I understand and it wont happen again but I am the victim here..You mentioned earlier today some people go for cheap price or to save 2000 rupees but I went to a well reputated agent. I am filing written complaint to DHA tomorrow against this issue. The idea of this post was not to bad mouth any agent but to educate and share with other brothers that what kind of fraud these big names agents are doing just few days before balloting (may 15th) they are selling effidivit files and take the down payment and when the time comes for full payment they say sorry your file will not be balloted on may 15th. I did not mean to damage dealer to dealer BHAICHARA. I meant to protect a common man out there. And if you will like to know my name and fight this with me please feel free to join me to go to DHA OFFICE bec I have all the proofs and documentations. Thanks

CMY replied on Wednesday, May 13, 2015 06:34 AM PST

SK I understand & trust your story and thanks for your understanding as well.

You can check online here in my posts. When it came to my knowledge that files issued after April 30th 2015 wont be in ballot. 1st thing I did was to call my staff and asked them If they had any affidavit deal pending. They all answered no. I instructed each one of them calling each one of them that no affidavit deals in DHA9 Prism till May 16th at any price. Period. Full Stop here on all DHA9 affidavit deals. No mistake will be allowed for this as I cant see a single person cheated by LRE.

I also put an urgent warning here online for not only my website visitors but all my LRE team publicly here that your MUST not buy any affidavit file or allocation file issued against affidavits after April 20 2015.

Se now I have peace of mind and I will sleep guilt free tonight knowing I did the right thing. A little money I could have made selling few affidavits is far less than business I will get over the years from this website visitors.

I am sorry if Rs 2000 comment hurt your feeling. I just wanted to warn people when you are going to spend all your lifetime saving its better to go to some reliable time tested dealer that a cell phone carrying no office guy or with a dealers that have too big offices that's managements are out of touch with their long term clients.

Choudry Mujahid Yasin ( CMY )

(62119)

Mian Hassan

Wednesday, May 13, 2015 12:09 AM PST

Reply:

Phase 9 commercial

Dear CMY

Do you have any idea about possible locations of 8 Marla commercial in phase 9. ? Are all of those going to be on main road ??! Is it a good investment for next. 5 years ?

Thanks for your kind input

CMY replied on Wednesday, May 13, 2015 12:28 AM PST

I am still told inshaAllah all 8-Marla comm are on main roads only. We need an official map to see them.

CMY replied on Wednesday, May 13, 2015 01:16 AM PST

CMY replied on Sunday, April 26, 2015 12:23 PM PST
I am told 95% 8 marla commercial are one largest widest main Boulevard too but I cant trust this imfo as I have not seen new master plan with my own eyes. Due to their better location in all past ballots and maps I believe 8 Marla will win against 4 Marla

Nadeem Ghazi replied on Wednesday, May 13, 2015 02:14 AM PST

@CMY Ref-8M/4M: Do you think that we will see some volatility right after May 15th or we'll see a gradual up/downward trend when DHA will ask for "development" charges?

Can we wait for few months to get good price?

(62118)

Aman

Tuesday, May 12, 2015 11:28 PM PST

Reply:

Advance Income Tax on Expats

Ad Type

Scheme

For Sale

Bahria

Dear LRE Team
I am an Expat and in the process of buying a property in Bahria Town. As part of the transfer cost, the agent has introduced me to "Advance Income Tax" of 1% incase I have NTN and 2% incase I don't have NTN. My question is that whether this is applicable to Expats, who don't live and work in Pakistan and second how this calculated. My agent has told me that it will be 104,000 as 1%, so I suppose for me will it be 208,000 being the 2%.

Please reply.

Aman

AH replied on Tuesday, May 12, 2015 11:56 PM PST

If one is not living and working in Pakistan the how can get NTN no. Secondly we already have huge cobtribution in Pakistan by sending money to Pakista. I heard many taxes are being implemented on property in new budget.

Abu-Bakar replied on Wednesday, May 13, 2015 12:44 AM PST

@AH Overseas Pakistani can have NTN.
If some one is tax payer and then moved to overseas.

@ Amna, There were some news of tax exceptions for overseas Pakistanis in last year's Fed budget. But I guess you need to check with CBR and see what does they say...

http://www.fbr.gov.pk/help.aspx

NOTE: Always go to the "SOURCE" if you need any information,else You will get second hand info, it might be outdated or incorrect.

(62117)

Shahzad

Tuesday, May 12, 2015 11:13 PM PST

Reply:

development charges of 1 kanal file in DHA 9 prism

Assalomo Alaikum,

Dear LRE team
I have I kanal allocation file in DHA9 prism, I want to know about development charges, which supposed to be either 18 lac or 19 lac. Which DHA Will receive after balloting. will they receive these charges in quarterly or annually installments or once for all.
Thank you.

Shahzad

Sayed replied on Tuesday, May 12, 2015 11:30 PM PST

Charges 19 lac.
Will start after six months of the balloting.
It will be quartely however if you happy can pay in one shot also and earn some discuont.

Shahzad replied on Tuesday, May 12, 2015 11:46 PM PST

Dear Mr. Sayed,

Thank you for your kind reply, I have one more question. Inshalla Allah
after balloting. Having plot No. what should be my next step. Shall I apply for allotment letter? And how much it will take to issue. Is there any charges for allotment letter. Please clear to me. Thank you.

CMY replied on Wednesday, May 13, 2015 12:32 AM PST

Installments will be every 3 months. No need to do any thing. Every one will get an intimation mail to their mailing address on membership form. In Pakistan and all over the world.

Choudry Mujahid Yasin ( CMY )

(62116)

LHR

Tuesday, May 12, 2015 11:08 PM PST

Reply:

Phase 9

Anyone knows what's closing file rates for phase 9.

(62115)

mahmood

Tuesday, May 12, 2015 11:05 PM PST

Reply:

Salam

Dear CMY

i have 5 merla plot file of bahria Karachi QUS series.

5 installments paid .

what is the current rate.

should i hold or sell it

thanks

(62114)

Tuesday, May 12, 2015 10:00 PM PST

Reply:

Yesterday I was talking with one high rank person from DHA. Prisim word is not only for marketing purpose. A story is behind that. Fast track development is also marketing and business word. Those who has sold their files are clever investors. Best time to buy is after ballot. All on this blog have same kind of advise from LRE team which is diffetent from CMY (WITH RESPECT). Now whats is story behind word prism and fall of prices. Wait till ballot. Those who couldnt sell. Please dont be panic.
In fact everyone advise you best based on his knowledge and many took benefits from CMY advise including me. NYAAT KISI KII BURII NAHI. BUS INVESTOR BOHAT ZALIM HAY.

UAE replied on Tuesday, May 12, 2015 10:13 PM PST

What are the closing prices for phase 9 today, appreciate in Advance

AH replied on Tuesday, May 12, 2015 10:16 PM PST

Am also in UAE. No idea :)

MM replied on Tuesday, May 12, 2015 10:19 PM PST

Mr UAE..what is going to happen to phase 9 files which are not included in May 15th ballot? Decline ? Since plot has higher value than files? And when the ballot for remaining files will happen?

UAE replied on Tuesday, May 12, 2015 10:25 PM PST

It's understood thing if plot prices will not b good enough then file prices wl go more down. How much no idea but if plot prices will b good enough the file prices will go up. Rest Allah knows better

AH replied on Tuesday, May 12, 2015 11:59 PM PST

There are 20 pockets and Rohi Nala in Phase 9 Map. Which is out in market now.

HAJI replied on Wednesday, May 13, 2015 12:27 AM PST

Dha town has the best location in phase 9 map.

syed shoaib replied on Wednesday, May 13, 2015 03:53 AM PST

it is named prism not for dimensions , history bla bla but it will develop as it show culture of all 5 provinces of pakistan here u can say a new better modern mini pakistan with cultural taste .

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