Lahore Real Estate Property Discussion Forum

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(61930)

Phase 9

Friday, May 8, 2015 12:54 PM PST

Reply:

Will my file be included in ballot if I get allocation file transferred in my name on Tuesday .Thanks and Regards

CMY replied on Friday, May 8, 2015 01:04 PM PST

Yes if that allocation was issued before April 30th 2015

Choudry Mujahid Yasin ( CMY )

Headliner replied on Friday, May 8, 2015 01:55 PM PST

In how many days one gets the NDC if you apply today

Faizan replied on Friday, May 8, 2015 02:06 PM PST

With in two working days one can get NDC after applying.

(61929)

Ejaz

Friday, May 8, 2015 12:43 PM PST

Reply:

DHA Phase 8

Dear CMY sahib,

What are the prospects of plot nos. V-1236 to V-1256, PH. 8 being converted to commercial plots some day, just like what happened in Gulberg? What is the current price range of these plots?

Best regards,
Ejaz

AH replied on Friday, May 8, 2015 02:18 PM PST

DHA don't convert residential plots into commercial. They develop to live and to breath people as well. For commercial. Buy phase 9 8M

(61928)

FireWalker

Friday, May 8, 2015 11:48 AM PST

Reply:

I am looking for a good investment opportunity. And I want to stay within DHA property investment.
Under current market conditions:

1. What is a good phase to invest in, starting with 5 to 10 marla land size? And something that you don't have to hold for eternity.

2. Someone told me that Phase 8, 10 Marla is a good investment as the price will go to 1.25 Crore if it is held for 1 to 1.5 years period. Please advise.

3. What is a good way to find out about charges, taxes etc. that we have to pay to DHA. So that total figure of purchase including price of land plus extra charges can a estimated.

4. Is there any tax called CVT tax while purchasing property and is 5 marla exempt from it?

5. There is no price history of any plot of file that is there out in the market. How do we know that we are not buying land at inflated price? Without know the price history it is difficult to determine the real value of land.

Any response is appreciated.

Jameel replied on Friday, May 8, 2015 01:11 PM PST

Post Blocked

CMY replied on Friday, May 8, 2015 04:01 PM PST

Jameel bhai Habib bhai plz send me emails address for moderator password so you can re post your all blocked posts yourself.

They are usually big and software reads some thing funny in them.

Jameel replied on Friday, May 8, 2015 04:03 PM PST

20% Gain and it is too Good to me, Dont get panic about their maintenance charges it is 30,000 per year 2500 per Month ??
After 40 months your investment can give you 30 to 40 Lac almost one Lac Per Month, Hold It and Again not get fooled by Daily changing rates, it is sign of unstablity or High Speculation.
I will Tell You my Investments for privacy I am not telling you Location etc
A Jan 2007 Plot , 27 Lac earning for me 60,000 per months from 1st day

B August 2008 Plot 33 Lac, Earing for me 90,000 Lac per Month from 1st day

c August 2008 Plot 20 Lac earning 45,000 for Me till Today.

D June 2010 House 70 Lac earning for me 1.3 Lac per Month, i never rented Current rent 50 Possible

E March 2011 Plot [ was best Timing in Cycle] 34.5 Lac gaining 140,000 per Month till date

F Plot 33 Lac March 2014, got 1 Lac Gain per Month till date

Now i am seeing for some time price may be stuck But i have No worry, I never invested all I have I never took Loan for Investment.

saima replied on Saturday, May 9, 2015 01:46 PM PST

jameel bhai where did u buy plot in 2014 giving one lac gain per month?is there any buy like that these days?plz advise i am new in this field thanks,jazakAllah kher

(61927)

IAC

Friday, May 8, 2015 11:11 AM PST

Reply:

Status Checking for PH-9 5 Marla Files

CMY
AOA. I hope u r enjoying good health now. I ve bought 02 Ph-9 files from LRE. I ve filled the ballot ready form. Kindly check that my both files are ballot ready. I shall be grateful to u. Waiting for ur e- mail.

CMY replied on Friday, May 8, 2015 11:26 AM PST

Working on them right now. Just too many files :)

(61926)

Karamat Ali

Friday, May 8, 2015 07:43 AM PST

Reply:

DHA Phase 8

Ad Type

City

Phase

Block

Plot

Size

For Sale

Lahore

1216

1 K

CMY sahib. Salaam.
I learn a lot of real estate knowledge from your website.
Allah bless you , and your family. Ameem.
I have one Bad location I Kanal plot in phase 8. V-1216. Infort of graveyard. I will wait and hold until possession of phase 8. Maybe I get little more profit. I am in USA I cannot travel this time
I bought a fife in 30 lac and paid 9k development charges.
I would like to move in ph 9 better locations.
Pls tell me when you get chance. What is the plot value right now
and what will be after possession ?
Better to move right away after ph 9 ballot or wait the ph 8 V block possession. ?
Best regards

malik replied on Friday, May 8, 2015 01:21 PM PST

Karamat Bhai u have a very valid question which warrants answer from a real estate GURU . I think many people including myself are wait for the right time to abandon Ph8 and make entry in Ph 9; However timings matter alot in our case

(61925)

khalid

Friday, May 8, 2015 07:15 AM PST

Reply:

price

Ad Type

City

Scheme

Phase

Block

Plot

Size

Road

Demand(Rs)

Wanted

lahore

dha

567

125000

cmy please let me know what u think dha phase 7 567 w is this good investment and what u think next 2 to 3 yeadr price thx

(61924)

Danyal Ali

Friday, May 8, 2015 06:34 AM PST

Reply:

DhaPhase 9 5 marla

*Reposted*

Salaams CMY Bhai

Inshallah u r doing well.
According to ur previous post the prices for 5 marla AFTER Ballot would be:
30-32 Lacs for bad locations and 40-42 for good locations. If i am not wrong u also said that these are WITHOUT development charges.

I personally went to ur DHA office and one of ur team member said to me thats not possible and YOU are mistaken as these prices are including development charges. He said repeatedly that I must have missed reading ur comment "with all dues clear" in the post related to After ballot prices.

He said that no way a PLOT can touch even 40 (with all dues clear) as plots on ground (with possession) in Phase 9 TOWN are at that prices (45-55 lacs). So phase 9 prism PLOTS will take a long time to get to these prices (32+7=39 OR 42+7=49).

i have witnessed this confusion amongst ur other readers too so PLEASE remove this confusion for us. The prices u quoted are with development charges or without them.

AH replied on Friday, May 8, 2015 03:11 PM PST

@ Dear All, Don't say graveyard worst. Everyone has to go there. Our loved one living there.

zoo replied on Saturday, May 9, 2015 06:56 PM PST

Thxs for detailed reply

Lhr replied on Sunday, May 10, 2015 11:45 PM PST

...

(61923)

Abu-Bakar

Friday, May 8, 2015 05:50 AM PST

Reply:

Hope all is well!

Dear Mujahid.
Just learned that you had a Doctor's appointment today. Hope all is well. Take good care of yourself. You are still young. Few tips...

- Eat at least 4 servings of Vegetable/Fruits per day.
- Eat at least 2 servings milk, soy beverage per day.
- Drink at least 8 glass of water daily.
- Be "Active" - Go for walk, light exercise per your Doctor's recommendation. Don't loose flexibility.
- Maintain Healthy weight.
- More fiber in the food - wholegrain products.
- Consume less sugar/caffeine.
- Do not miss your medicine (if prescribed).

Stay Healthy and...
Stay Blessed - Ameen!

Regards.
Abu-Bakar.

CMY replied on Friday, May 8, 2015 01:06 PM PST

Thanks brother

(61922)

Rizwan

Friday, May 8, 2015 04:04 AM PST

Reply:

Phase 9 Ballot

CMY Sb
Assalam-o-Alaikum!!
I fill up the form for Phase 9 Ballot result.
How I know that I filled up right way. Or wrong.
My Allocation # was starting like 9/OLO/ 00000----
Waiting your response. Thanks
Rizwan

CMY replied on Friday, May 8, 2015 05:11 AM PST

In next 7 to 8 hours each person that submitted forms after May 3rd will get an email from me. I have info with but need next few hours to send few hundred individual emails to protect info privacy and accuracy. Please wait. all friends that filed form before today afternoon at 11.59am will get emails from me.

Choudry Mujahid Yasin ( CMY )

(61921)

viewpoint

Friday, May 8, 2015 02:53 AM PST

Reply:

DHA Multan property tax (2%)

AoA
Can some one clarify the impact of property tax when buying files. I am refering to 2% tax imposed by govt in last budget
- Who needs to pay it. Buyer or seller?
- When is it required to be paid?
- The price quoted on dha website includes this tax or not? E.g the current price for DHA multan file is 30.30

CMY replied on Friday, May 8, 2015 04:16 AM PST

There is no CVT. There are no NTN involved in DHA Multan.

People who are afraid of tax authorities mostly buy affidavit files because all their purchases are hidden from tax authorities until they sell their files after its converted to allocation file. Even than tax authorities cant come after sellers because affidavit file was transferred against land. Old land transactions were never reported to tax authorities via DHA or CVT filing etc

This is the main reason most large investors especially from Karachi only buy affidavit files for commercial plots that are purchased with huge unreported amounts and also residential plots in DHA Lahore Gujranwala and Multan. Affidavit is used as shield to keep tax collection people away from you. Less data goes to TAX Dept via CVT bmore safer these people feel. DHA never shares its own data of current owners with tax departments unless there is a court order some owner or there is a NAB case owner etc.

In all cases of allocation files buyer must pay CVT in Lahore etc.

I know an am now going to chewed by few friends here for sharing this hidden secret about this tax related this info :) So answering in advance. Molvi sahbaan I am not suggesting any one to hide their money in affidavit or buy only affidavits. I just have to explain tax implications of allocation and affidavit files purchases. Its readers choice what they wanna do. After affidavit purchase and its sale time both buyer seller info goes to Tax dept when buyer files his CVT and both are tax net because CVT form has both buyer and seller complete data of it.

Tax dept dont go after 99% buyers source of income for purchases due to in efficiency in that department but less than 1% buyers only are some times asked to prove where buyers got that amount to fund the purchase.

Choudry Mujahid Yasin ( CMY )
Info@LREPK.com
Post via cell phone so many spell erros

Jameel replied on Friday, May 8, 2015 04:36 AM PST

Dear CMY,
You mean when we pay 2% advance Tax on any purchase more than 3 Million Value we get any Notice from income tax authorities to file tax or Show source of income, Any one in the Forum Got any of such Notices?[I Hope Not]
There are only few experiences, when people got notice of Tax Dept when they did not pay that 2% advance tax at the time of transfer.
No matter how good is Affidavit file it does not suit overseas person like me, i am always in rush and finish with in days. You see so many friends worried as they could not get even Letters.

CMY replied on Friday, May 8, 2015 05:06 AM PST

Jameel bhai I have added a note at bottom that even though buyers and sellers data is filled in CVT form for allocation files transfers In 99% cases a buyers is never asked by Tax authorities about source of income ar amount source to fund the transfer.

Have seen few people get notices even when they had NICOP and worked lived out side Pakistan and even had mailing addresses other than Pakistan.

Never saw any sellers get a notice after sale of their allocation letter or any property.

Always advocated when possible buy allocation before affidavit because allocation files transfers are always better documented safer quicker for new buyers.

A buyer must be fully knowledgeable or his dealer must be very familiar with affidavit file transfer or you just dont try to save 10000 to 20000 because risk of getting into trouble is NOT WORTH.

Choudry Mujahid Yasin ( CMY )

Lahore Real Estate Forum