Lahore Real Estate Property Discussion Forum

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(61935)

Khalid Mehmood

Friday, May 8, 2015 02:12 PM PST

Reply:

Phase 9 Lahore

Dear Choudry Mujahid Yasin,
First of All i pray & wish for yours health.
Still i remember our meeting held in yours Lahore office 2009 (with a cup of tea), and yours strong arguments sport to purchase phase 9 Res file @ 15 Lac.
I miss the train and investment with another LDA scheme after five year I loss my capital value (Inflation).
But now i am with you that Phase 9 Lahore Commercial 8 MB file are hot cake like phase 6 MB now a days. Its prices and location are at main MB 150 Fit Road.
What are your suggestion for prices after Ballot for 8 Marla Commercial plot? What are yours views about its value after three to five years time frame? when its position will hand over?
Regards,
Khalid

SAM replied on Friday, May 8, 2015 02:13 PM PST

Question..if some one exit from 5M at 24.50 just before ballot by thinking he will added 6 lac more and go far multan file. is it correct decision for one year investment or he should retain 5M file for one year after ballot?????? Mr CMY or anyone response plz

regards

Rahza replied on Friday, May 8, 2015 02:43 PM PST

@SAM ..it is the critical thing these days....ms also in same fix ....

AH replied on Friday, May 8, 2015 03:00 PM PST

First thing is first do ISTIKHARA and meet personally with CMY. Since you are talking about high value investment.
Secondly no one lose money everyone is getting own fate. The third thing keep lesson learned as your own asset.

CMY replied on Friday, May 8, 2015 03:46 PM PST

Khalid Mehmood not many people can ever understand why in DHA phase 3 a best located 8 Marla commercial plots constructed plazas are selling for 12 to 15 crore in DHA Lahore phase 3 Y block the most sought after place right now with fully populated for years BUUUUUUUUUUUUT why people pay more for DHA Lahore phase6 half the size 4 marla commercial constructed plaza that just got possession only 7 years ago is selling nearly 10 crore with less than 30 % populated area.

Same thing will Insha Allah happen for 4 marla commercials in DHA9 when that is ready for possession. Its 4 marla will be same priced as DHA6 are today. At that time and day DHA9 will be most modern phase with latest housed and neat and clean wide boulevards and modern design plazas suitable for that time. It may take 5 years or it may take 10 years but one day both DHA6 commercial of 4 marla will have same price. You could count what will be price of DHA6 commercial in 10 years that will be same price of DHA9 commercial on same day.

I will leave it to imagination of readers what will be price of 8 marla commercial plots than after 5 ot 7 or 10 years because they are double the size of DHA6 4 marla plots and also on same size or even larger road. 4 marla not good for any multi national any bank any restaurant any shoe store any estate office any clothing outlet any super store backery etc BECAUSE you have to provide big entry door w space for stairs and lift. What is left on ground floor after these three ? Nothig. You cant even put three desks w chairs in that small space. In Lahore only ground floor does the business and 8 marla size is most suitable for any kind of business on ground floor.

Multi national and Banks ONLY go for large ground floors of at least 8 Marla size. They hate 4 marla size. DHA made huge mistake by making all 4-Marla commercial plots one main boulevard on DHA6. Tried to correct it in N Block DHA6 but wont be able to match 3 Kilometer long main boulevard market of 8 marla plaza. One side DHA10 other side DHA6-7 Other Side Ferozpur road last side DHA5 to be served by DHA9 4 and 8 Marla commercials.

Cant wait to see the map of DHA9 Prism. Too many friends here bought these 8 Marla commercials from me at 255 in last year lacs to lest weak at 324 lacs. Today its 345 lacs. Cant wait to see opening price of DHA9 Prism commercial of 4 Marla to 8 marla. I wont let any one of my friends/clients sell any of them before 5 years minimum for sure. BTW one they will be rising at fastest speed why would any one sell if dont have better option than that.

If any one have as secure as high returning I want to know it.

Time to sleep. All emails sent for ballot ready other than today form submissions. I haven't even checked rates today. I will check them on Monday :) Before that they have no meaning for me.

Choudry Mujahid Yasin ( CMY )
info@LREPK.Com

Khalid Mehmood replied on Friday, May 8, 2015 06:43 PM PST

I really thanks for yours time & complete comparison of phase 9 Lahore 8 Marla MB commercial plot. Its HOT CAKE and best investment return of today scenario.
I appreciates yours property command, analysis specially DHA Lahore.
Regards,

(61934)

Ahsan

Friday, May 8, 2015 02:03 PM PST

Reply:

Grand Avenue Development in Full swing & investment Opportunity

Dear Respected Forum Members

Please check the below link for development work in Grand Avenues.

http://www.uda.com.pk/grand-avenues/development-work/road-work/#

Development work in Grand Avenues is in full swing and the news is that they will give possession in August 2015 for 1 kanal plots in block A(Confirmed from their office).

It is a least discussed scheme at a very strategic location next to Bahria Nasheman on main road and prices are low in the market. It is approved now from TMA and not included in LDA illegal list anymore.

I request forum members to discuss the investment options in Grand Avenue. I have spoken to few dealers and they said that now the prospects are good and prices will increase sharply within a year once they give possession in A block.

Regards
Ahsan Ali

Ahmed UAE replied on Friday, May 8, 2015 03:26 PM PST

Dear Ahsan, I am also having plots in Grand Avenue and regularly keep an eye on development status. although there is on going development for Block A , but what about block B and especially 10 marla plots. further more for your information if u visit WWW.lda.gop.pk, there u will find that grand avenue still in not cleared list by LDA

Ahsan replied on Friday, May 8, 2015 05:35 PM PST

Dear Ahmed

They are working on Block B as well and did some changes in Map too to offer new 5 Marla cutting in B block by reducing commercial plots. The illegal list of LDA which identifies Illegal societies in Nishtar town domain on Ferozpur road does not contain "Grand Avenue" They got approval from TMA in 2012 July. They are advertising in newspapers and if the society is illegal it is not possible now to advertise (As far as I know). They have submitted all their paper work to LDA after approval from TMA (you can get confirmation by calling them)

I have spoken to many dealers and found that the issues has been resolved. It is a small society with only two blocks (A& B) and INSHALLAH very soon the prices will improve. They are doing marketing in newspapers and attempting to lift its appearance by doing extensive plantation and green belts.

In sum, the situation has changed and it is changing in a positive direction. You can see on ground development and construction of houses. Many dealers opened their offices in Grand Avenue and trade is happening.

I was thinking to sell my 2 plots but after observing ground reality and prices in the surroundings such as Bahria Nasheman( 5 marls 25-28).I have changed my mind and don't want to sell now. I am positive that it will pick up soon and give good gains INSHALLAH.

Ahsan replied on Friday, May 8, 2015 06:12 PM PST

Dear Jameel Bhai

With Due Respect

Thanks for your valuable input. I totally agree with you that based upon ground realities it is highly underpriced and quality of development is excellent.

Kindly, please advise us what is your anticipated price of I kanal in Grand Avenue & central Park after three years (currently 30& 40 lac respectively). Your insight and deep analysis help us to make some right investment decisions.

Regards
Ahsan

Jameel replied on Friday, May 8, 2015 06:34 PM PST

inshallha will catch 52, 53 in resale Market till that time. i.e 22 Lac gain from this point . When few houses will be there the difference with Central Park will finish.
I Think you Bought in 25 at Installments Hold it

Ahsan replied on Friday, May 8, 2015 06:42 PM PST

Dear Jameel Sahib

Thanks, yes I got on 25 lac installment and I will INSHALLAH hold it as per your advice. Please give me your email to contact you.

Jameel replied on Friday, May 8, 2015 06:51 PM PST

jameelm68 at mail dot com

to avoid spam search engine

Pls don't mind if I cant reply in time

Ahmed replied on Tuesday, March 3, 2020 04:33 PM PST

Dear,
Can anybody tell me Grand avenue is approved society is it safe investment.

(61933)

FireWalker

Friday, May 8, 2015 01:50 PM 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.

(61932)

Khurram

Friday, May 8, 2015 01:44 PM PST

Reply:

state life phase 2

Dear CMY
Pl comment on the future of state life phase 2. Will prices inc after ph 9 ballot. Regards

(61931)

Asif Bulgaria

Friday, May 8, 2015 01:42 PM PST

Reply:

Salam. CMY sahab. I hope you r in good health by the grace of Almighty. I will appreciate if you advice me in respect of 5 marla file in DHA 9 TOWN Lahore (Shuhada town). My questions are as follows.
1. With ur great experience what would your guess about his balloting and development start.
2. Whether development start first or bollotting
3. What is your guess price near balloting or development start.
4. What is your guess price of 5 marla plot at time when people start building there houses
May Allah give u good jazz for this advice.

(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:

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

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