Lahore Real Estate Property Discussion Forum

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(61910)

Irfan

Thursday, May 7, 2015 11:51 PM PST

Reply:

Dear Habib sb & Jameel sb

I have One kanal plot on 14 Avenue of Y-block Phase-7. This is purely for investment purpose, i have no intention to make my home there. Do you think its wise to keep this plot for next 2-3 years or I should change my investment? How much rise i can expect from it in next 2-3 years.
Looking forward for ur expert advise

Jameel replied on Friday, May 8, 2015 01:30 AM PST

Keep, Who Knows After few years you will say I want to Make House there, or that will be best time to sell it, at that time, Go and Install Google earth, Go to views and then Historic Imagery, now you can see Upto 15 years Back in Time
Now Goto Phase 6,7 area and find Population there in 2011, and And Today and then compare prices.

It will also answer the questions of People who are asking in How Much time this and this phase will develop

Irfan replied on Friday, May 8, 2015 01:38 AM PST

Thanks Jameel sb for your valuable suggestion. I personally visited the site two days ago & also keep checking it through google. Undoubtedly, Phase-6 population increased a lot during last 3-years.
What I want to ask is nobody at this website recommend Phase-7 for investment purpose. What is the reason behind this? Is Phase-7 bad investment for next 3-years?

Jameel replied on Friday, May 8, 2015 02:16 AM PST

Because people are not far sighted they see, trend for few days, But not what was 3 years back and what will be 3 years after.
see many fiends which are holding 9 are not seen as soon as it shed few Lacs, 7 day back you would see them too often in Forum.
Inshallah, I don't see any thing can shake phase 6,7,8 except a deep Slump in Market, which I don't see.
However if that happens it will shatter away all other speculative products.

CMY replied on Friday, May 8, 2015 05:58 AM PST

You should hold it. DHA 7 have a lot room to grow on new investment or old holdings. Especially after more houses are visible there and when you get possession of all remaining blocks of DHA7 in about 6 to 12 months.

Good luck to you. Stay firm and hold it.

Choudry Mujahid Yasin ( CMY )

Info@LREPK.Com

Irfan replied on Friday, May 8, 2015 10:46 AM PST

Dear Jameel sb & CMY sb, thanks for ur suggestions. I will follow them InshaAllah

(61909)

Ahamd

Thursday, May 7, 2015 11:20 PM PST

Reply:

Dear CMY & LRE Team
It is the right time to buy, DHA Lahore Phase 9 Extension File 10 Marla.

Any idea for balloting and location.

Please, I need you kind advice & guidance.

Thanks

Jameel replied on Friday, May 8, 2015 04:50 AM PST

File 9 ext is Not going to be balloted soon, currently there is hype in Market, and it should be there after all people have been waiting for DHA 9 Ballot for 12 years. DHA 9 price is supporting ext price. If you show a bit of patience you can get Ext file at better rate.
a Good Businessman sets a target of buying and selling, A n if it does not come then there should be no regret.
For example I myself may go for this file if it comes to less than 40, You can set your own.

SSD replied on Friday, May 8, 2015 03:35 PM PST

Not a right time

(61908)

SOME QUESTIONS

Thursday, May 7, 2015 11:20 PM PST

Reply:

DEAR BROTHER CMY

HOW ARE YOU? HOW IS LAKE MICHIGAN? HOW FAR ARE YOU FROM LAKE?
PLEASE SEE MY HUMBLE QUESTIONS AS FOLLOWS:
1) WHAT IS THE DIFFERENCE BETWEEN "AM/9X/ABCD" [REFRENCE #] AND "9X/OL/00ABCD" [PLOT / HOUSE #]?
2) "ASSOCIATE MEMBERSHIP" IS AS SAME AS MEMBERSHIP? SINCE I HAVE BANK CHALN AS MENTIONED "ASSOCIATE MEMBERSHIP FEE"

Irfan replied on Friday, May 8, 2015 02:43 AM PST

DEAR BROTHER CMY

HOW ARE YOU?
May Allah give you complete health.

Please advise about my points.
Regards.

CMY replied on Friday, May 8, 2015 05:52 AM PST

At this moment I am 300 feet away from Lake water and enjoying very sunny day looking at lake and typing my answers.

AM means associate member. All members of DHA Lahore that are not regular member are called associate members. Regular members are mostly only military members. But some non military are also regular members like some civil people when they bought property near launch of DHA Lahore.

On each transfer civil member pays NEW fee on associate membership challan form . Funny but easy way to make money.

A regular member not only pay less fee to renew his membership but also he can have three transfer within one year without renewing his regular membership.

This info is 3 years old and most likly 100% same but If it not the case I am sorry.

I am also sorry posting late answer and after few reminders from you. I get busy in some thing else and forget to answer old posts. After ballot we may not have this problem due to less workload.

Choudry Mujahid Yasin ( CMY )
Info@LREPK.Com

Irfan replied on Friday, May 8, 2015 10:41 PM PST

DEAR BROTHER CMY

HOW ARE YOU?
Thanks a lot.
I like this lake a lot. It is witness of some good-time for me. Have you been to Museum. There is a real submarine there.
I appreciate your hard-work a lot.
Please advise about my other point also if possible..
Regards.

(61907)

Danyal Ali

Thursday, May 7, 2015 11:19 PM PST

Reply:

DhaPhase 9

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.

E.A replied on Thursday, May 7, 2015 11:35 PM PST

Yes I agree too that Mr CMY mentioned these prices without Development charges

Thanks

Raza replied on Thursday, May 7, 2015 11:55 PM PST

I think CMY will not reply these critical question and i personaly agree with and with you and with due respect inform to CMY that your team point is entirly against ur statements i also visit to LRE yesterday and met to mr adil he totaly dispointed me about 5M future. So ground realities are different.

Allah is Greatest replied on Friday, May 8, 2015 12:54 AM PST

Raza sahib have faith in Allah. If HE wants to give anyone advantage whole world cannot stop it reaching that person and vice versa. U bought file u did your job well now let Allah do His job. Do not worry

Raza replied on Friday, May 8, 2015 01:03 AM PST

No doubt about your point of view Allah is almighty but dear we are discussing here our experiences and i write only what i got experienced and this is true ...

Danyal Ali replied on Friday, May 8, 2015 01:06 AM PST

I agree with Mr. Raza that his office people are saying opposite things. i didnot meet Mr. Adil but i would like to know what were his commenta on 5M??
can u please share Raza

malik replied on Friday, May 8, 2015 01:32 AM PST

I have same experience with mr cmy team, I was inquiring about multan file and at same I got two different prices from same office, one told me 3075 and other told me 3060, so I realized that every one is not cmy in this office, cmy is great man, he has set so high standards of trust so his staff must not let him down, their response level is also not upto that mark, cmy sorry but what to do..........it is reality

Raza replied on Friday, May 8, 2015 01:34 AM PST

Dear all My office is just near to LRE office and i m not an investor or dealer i got that this is all type of satta if u r willing to invest for long term 3 to 5 years u will earned otherwise no satisfied deal even when price are 27 i dont think anyone sold except big fish even mostly buyers given biana but did not finalize the deal try to calculate price range without development 32 mean with development 39 how possible at once after ballot but may be after 3 years ...i need mr CMY comments here

Danyal Ali replied on Friday, May 8, 2015 02:10 AM PST

Raza exactly that is what i was told!!!!
and what concerns me is that his office people do have a point. But CMY sir said clearly and repeatedly AFTER ballot prices are WITHOUT dev. charges.

CMY pls look into this and clear this confusion.
That guy also suggested to wait for Ballot and if I get bad location plot, sell that, pay the difference of 2 to 3 lacs and buy a good llocation plot! I couldnt believe him and asked again is that the only difference between good and bad location? and he said initially yes thats the difference of TWO THREE LACS.

Azhar replied on Friday, May 8, 2015 02:33 AM PST

It means after ballot an average 5 M plot will be 32-7=25.But, if balloted near Hudiara Drain, then price will come down more.Dont worry,what so ever is written for us, we will get. No one either can give nor snatch, only ALLAH can do.It is very important that do not forget to pay Zakat on ur plot.Make ur mind to pay Zakat now , u will get beyond ur imagination ,even if U R not benefited now U will B compensated elsewhere.All praises R for ALLAH only.

Danyal Ali replied on Friday, May 8, 2015 02:52 AM PST

CMY sir we await for ur reply to clarify all this confusion we have in our minds so we can take decsions accordingly.

Danyal Ali replied on Friday, May 8, 2015 02:54 AM PST

and a little detailed answer would be highly appreciated.
Thanks in advance.

Rahza replied on Friday, May 8, 2015 03:12 AM PST

re post it to bring on top...

Jameel replied on Friday, May 8, 2015 12:50 PM PST

All My friends, It is your Job to Filter out all the Information and do decision of You Own, If CMY knows every thing what will happen in future he could take all wealth himself.
Many a times My analysis also wrong and I admit, years Back i told Guys that Bahria sector C commercial in 30 to 35 [ Harvesting Pindi Phase 9 canceled Files in 2007] is not going to gain, as there was Not even 200 residents in Bahria at that time and it was in Hot waters . But Now You see the prices, Had I bought 2 of those , Then i could say good Bye to my Gulf Job. On the other hand
I used to tell people to Buy Valencia in 30,32 Now that is 120 That prediction was correct.

Phase 9 replied on Saturday, May 9, 2015 08:51 PM PST

Phase 9 5marla price ?

(61906)

Jessy

Thursday, May 7, 2015 10:34 PM PST

Reply:

Sui Gas Phase 2

Dear CMY,

What are your views on the future of Sui Gas Phase 2 Lahore.

Thanks

flex01 replied on Friday, May 8, 2015 12:20 AM PST

i think sui gas 2 has great potential. Bahria is on the back and with LRR southern loop, it prices will go up, but it is a 3 -5 years investment

(61905)

Adnan

Thursday, May 7, 2015 10:25 PM PST

Reply:

Dear LHR Team ,

Kindly update phase 9 closing rates today. I have a request here please update market open and closing price daily till ballot. So people can make their deacion accordingly and speculate next day market trend.

We should be very thankful to you.

Regards

ph 9 replied on Thursday, May 7, 2015 11:03 PM PST

I also agree to same mr.cmy please post rates of files.thankyou

(61904)

rehan

Thursday, May 7, 2015 10:09 PM PST

Reply:

advice

Sir I have dha phase 9 10 marla file should I hold it or sell it

Shahid replied on Thursday, May 7, 2015 10:22 PM PST

I am interested in buying it. contact me if you decide to sell it.

(61903)

ABCD

Thursday, May 7, 2015 09:18 PM PST

Reply:

What is the market value for plot # 1241 Block V, Phase 8 Dha Lahore

Lahore Real Estate replied on Friday, May 8, 2015 07:18 PM PST

Dear Sir,
your plot has market value of 110 Lacs.

Mian Rashid
Lahore Real Estate
+923028409967
Email:INFO@LREPK.Com

(61902)

buttsahib

Thursday, May 7, 2015 09:17 PM PST

Reply:

Dear Cmy Sir?
I have dha
1.Phase 6 L block 926
2.1 kanal file phase 9
3.Cash 4 million pkr.
I want to invest in commercial area in dha where highest return i get please advice.
Regards,

(61901)

kmc

Thursday, May 7, 2015 09:03 PM PST

Reply:

dear CMY

now see another side of true story. one of my friend also had an excellent plot in F block phase 5 back in 2002. every one asked him it has reached its ceiling trade it off and reinvest somewhere else. he sold it for 90 and bought 2 files of phase 9 at 44 each at its peak time. slowly the bubble began to squeeze and prices starting declining rapidly. he was able to sell ix file at 38 and second at 32 with great difficulty. so a plot worth 26 now was wasted and he could just add up 70 lac. my overall conclusion is whether you trade or not the net result is same when you hold a particular thing or plot over time.

Ahmet replied on Thursday, May 7, 2015 09:17 PM PST

kmc,

I beg to disagree with due respect.Two reasons.

1) In 2002, there were plenty of 'better' options than Phase 9. I would never have invested in Phase 9 back then with lucrative options like Phase 6 or 8 or even 7. Just like I would not invest in DHA 9 extension today when smaller and medium term investments are available in the market today like DHA Gujranwala or DHA Multan files. I wouldnt call Phase 9 a good investment today because potential of return on the earlier 2 is higher.

2) The 2008 recession that lasted almost 5 years was a 'global recession'. The largest since the the great depression 5 decades ago. It really crashed the prices globally and alongated the pak property crash for no great reason. I dont see a similar recession happening again. At least not of the same scale. US is recovering. China is looking good.

Its all about great timing. I bought an apartment in Dubai in 2009. The market crashed. People paniced and sold off their apartment at half the prices. I held on to the property. Today its worth more than it was in 2009 with a decent rental income.

Just my 2 cents.

syed shoaib replied on Thursday, May 7, 2015 09:25 PM PST

kmc u missed many factors phase 5 in 90 lacs was not peak, first mistake, second your friend missed 6,7,8 and jumped to 9, second mistake, like cmy yiur friend didn't buy in lowest price 3rd mistake , and after buying at wrong time he do not hold it long . so how can u compare a amateur decision maker with a guru ??

aslam replied on Thursday, May 7, 2015 09:45 PM PST

Ye sab kismat ke baten hoti hain. Simple is that

info replied on Thursday, May 7, 2015 10:00 PM PST

True bat to kismat ki hay.

KF replied on Friday, May 8, 2015 04:10 PM PST

I do agree, with KMC, I was in same situation, I bought the file in 34 n had to sell in 22 lacs.
To be very honest, its all speculation, might you buy the file in 62 now, no one know, if things go bad, you had to sell it in 30,s. dont forgot, you are buying just piece of paper n hoping to get the plot after 10 yrs. Even, 2005, people were hoping the same.
Moreover, in 2005, there was so hype in the market, "dont know wat will happen tomorrow, lets buy today, all artificially created by big investors.

Moreover, societies in papers, or societies which were under development process were mostly effected. Rest populated areas were nt much effected, n started to picked up again after 1-2 yr time.

in result, you should be GURU of market, try to clear up urself before slow down any thing. Best of luck

CMY replied on Friday, May 8, 2015 04:18 PM PST

KMC only problem in your story is that in 2002 when F block was 90 lacs you had DHA6 files. I bought two files in DHA6 at 18 lacs and 22 lacs. Even its peak price ever was 32 lacs at that time. DHA 6 3 plots today at 600 lacs plus but F is max 300 lacs

DHA phase 9 peak was in April 2004 at 47 lacs.

Lets do the math again :)

Choudry Mujahid Yasin ( CMY )

Lahore Real Estate Forum