Lahore Real Estate Forum

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(60643)
Tuesday, December 2, 2014 03:03 PM PST 
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(60642)
Tuesday, December 2, 2014 01:27 PM PST 
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(60640)
Tuesday, December 2, 2014 11:05 AM PST 
Mini Market Direction :)

Future of phase 9? Continuous downward trend.... ???????
Respected friend Ahmed sahib asked


Answer to a friend who is worried may help more people.
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Dear friends if you invested in DHA Lahore phase 9 or any where else thinking prices will only go up your start was not good. There always ups and downs in one phase or project. This is the reason I always requested to have some diversification.

There are several factor keeping DHA Lahore phase 9 prices lower. In will add just a few in here.

Currently every property dealer in Lahore Islamabad Rawalpindi and Karachi is "MOSTLY" dealing in Bahria Town Karachi files. Since every one is "MORE" involved in BT Karachi gold rush Lahore is ignored badly by dealers. Since dealers not focusing Lahore investors are not focusing it either.

DHA Lahore phase 9 is facing additional competition from DHA Gujranwala Fazaia Gujranwala and DHA Multan with 1000s of NEW files flooding in market.

DHA Lahore management failure to hold ballot even after a decade wait for file holders is also not helping. For DHA staff taking over more land is more "FUN" than having a ballot for us. when I say "FUN" you should be smart enough to UNDERSTAND what I mean. They should protect their trust and respect and do a ballot in DHA Lahore phase 9 asap instead of keep adding more land in DHA 9 and DHA 9 ext master plan. Perhaps they dont want to do ballot to keep price of agri land POCKETS of land in DHA 9 master that is not yet in DHA hands. May be DHA admin dont want to face trouble what they are facing in DHA 7 village clearance etc.

Other most important thing keeping real estate prices is political situation in Pakistan between PMLN and PTI. Who would buy a property when he dont know who will be PM or in Govt in next month. This kind of uncertainty is keeping new buyers away for time being. I think current bad political situation is also keeping DHA from doing a ballot and also sell Billions $ worth new plots in DHA 9 on installment at same time of this ballot.


My own reliable sources have told me a deal between PMLN and PTI is agreed upon already and foreign missions have given guarantees to Imran Khan for fair investigation of poll fraud of 2013 instead of ARMY or judiciary. I expect the political situation to get lot better in few more days time at max.

After that I expect prices in all properties in Lahore especially DHA Lahore phase 9 to get better. DHA is likely and must do a ballot of DHA Lahore phase 9 asap as more than 10 years wait is enough punishment for people who trusted DHA Lahore.

Do keep in mind DHA Gujranwala and DHA Multan rise and gains are a lot dependent of DHA Lahore gains as they are chapters of Lahore DHA and run under a close watch of DHA Lahore. DHA Lahore trust safety security will make those project more profitable too only IF DHA Lahore gains.

So be patient for just a few weeks time now with your old investments and can also safely make a new investment NOW at lower prices in DHA 9 or DHA Gujranawala or DHA Multan . what are prices of developed plots in DHA Lahore and Bahria Town Lahore or even files in Karachi.

One more request to all my friends If you dont have to make a new house now please sell your plots in DHA 5 6 8 "DURING SOME EXPECTED GAINS PERIOD IN THESE PHASES WITH DHA LAHORE OFFICE SHIFTING ON DHA 6 MB and go for smaller size plots in DHA Lahore phase 9 DHA Multan and DHA Gujranwala. Saying this because your most gain in DHA 6 7 8 is already there. DHA 9 and DHA Gujranwala DHA Multan have a lot of room to gain from current price percentage wise. You still have your investment in safe secure fraud free Qabza free no one man show projects DHA but your NET RETURN for future gain will be LARGER in new phases than currently developed or hi priced DHA 5 6 8. IF YOU MISS CHANCE TO SELL DURING GOOD FEELING TIME OF DHA OFFICE SHIFTING ON MB in DHA 6 more gains after that time will be lot less than lower priced new projects or phases of DHA. A good calm intelligent investor sell plot and file at right time not when he is forced to sell in dead market. If you plan to make a house in DHA 5 6 8 please hold to your plots as this is best place to make a new house for period between now and next 5 to 7 years time. If you plan to make your house after 5 years why park huge amount in a slow gaining place any more. Hard to find people that can make or save 2 crore and convince them to buy in already developed but currently very high priced phases. Their high price is justified due to their superb location and quality of development work with safety and best schools in Lahore etc but its too big amount for any new people to invest here in DHA 5 6 8 for future more gains from new investment in here.


Ch Mujahid Yasin ( CMY )
Lahore Real Estate

M Ali replied on Tuesday, December 2, 2014 01:16 PM PST 

good advice, Muhammed Ali from BT 27.28 commercial :)

Khan-Ph9 replied on Tuesday, December 2, 2014 02:15 PM PST 

God Bless you!!! Thank you for the assessment and advice!!!

Yasir replied on Tuesday, December 2, 2014 03:08 PM PST 

Salam Alykum CMY sb, thanks for your kind words! I still feel Ph 9 is best due to its pricings and
location... its just the hold game if u can hold. Returns will b good no doubt keeping current price levels! Regards

AAM AADMI replied on Tuesday, December 2, 2014 03:12 PM PST 

I also ve same news that political situation will be stable next week and balloting will happen any time after office move. Agreed with CMY analysis. You are really market expert.

Imran replied on Tuesday, December 2, 2014 03:18 PM PST 

Mujahid Yasin... Gr8 and convencing note: specially I agree with you.. its hard to buy plot in phase 5,6 where
prices are already at the peak... its difficult for anyone to spent 20 millions for a plot in one go...

Nawaz Ali replied on Tuesday, December 2, 2014 03:41 PM PST 

Dear CMY

Hope you must be well now by grace of Allah, please share your thoughts on phase 9 commercial
files also, thoughts req'd on this part also w.r.t comparison of fazia gujranwala commercial which is available on instalments.

Grazia,

DHA MULTAN replied on Wednesday, December 3, 2014 12:33 AM PST 

Dear Fuad
Location of DHA Multan is just next to Wapda town multan on Bosan Rd.A very good location ,really.

Ahmed replied on Wednesday, December 3, 2014 02:29 PM PST 

Good view point CMY sahib, i wud like to add that impatience in army officers who were alloted ph 9
files is also on inc. Similarly, i do expect two things to happen after shifting of DHA office, possession of ph 9 town in 2015 and possession of remaining blocks of ph 7 by 2016.
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(60639)
Tuesday, December 2, 2014 10:38 AM PST 

Ad Type
City
Scheme
Phase
Block
Plot
Size
For Sale
lahore
defense
8
X
619/7
10M
HI TEAM
COULD YOU PLZ EVALUATE DHA PHASE8 10M 619/7.
Also could you tell is it right time for selling,
will appreciate your sincere advice.
Regards

Lahore Real Estate replied on Tuesday, December 2, 2014 03:36 PM PST 

Dear Sir,
your plot is valued around 78 to 80 lacs

Mian Rashid
lahore real estate
03028409967
email:info@lrepk.com
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(60638)
Tuesday, December 2, 2014 09:39 AM PST 
DHA phase 9 files answer that may help many ppl here

Dear brothers/sisters,

Looking to invest for 3 years in dha lhr ph9, 10 m file, since this is my first property investment, have no idea about file transfering system, will you shed some light on file system and also please recomend trusted consultants for buying a file since i am overseas and will only be in pak for a week. Thank you
Asim Dar


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If some one gives 4 kanal agri land to DHA Lahore in any phase master plan area he gets allocation of 1 kanal plot in future when he pays development charges in addition to giving his 4 kanal land to DHA.


In 1st step when land in taken over by DHA after all legal checks and work is done in about 2 to 3 month agri land owner get affidavit file. At that time agri land owner can assign any body to receive his lands allocation letter of 1 kanal plot.

In simple words 1st transfer of any allocation is done via an affidavit transfer where transfer cost is less than allocation letter transfer cost. After 1st transfer all affidavits automatically becomes an allocations letter where future further transfers are much more costly to new allocation file buyers.

1st transfer of this right to have 1 kanal plot after handing over agri land to DHA and end of legal work plus Qabza to DHA 1st transfer is done via affidavit and in land branch of DHA.All allocation letters transfers are done in proper transfer department of DHA.



A new buyer in DHA should always try to buy ONLY allocation files as their transfer is flawless more secure wel documented for buyers. In affidavit transfer it involves lot of trust from where we as a dealer buy an affidavit and no sale receipts/agreements are exchanged between buyers and sellers in affidavit transfer. We have seen minor troubles in 2 to 3 transfers in 100 transfers for affidavits but never see any problem in allocations transfers.



No one buy sell more than files in DHA more than our Lahore Real Estate. LRE is a DHA registered authorized dealer of DHA for past 9 years. With help of Allah not a single complaint/trouble in past 9 years of our flawless dealing in DHA. We do follow process according to laws of DHA and Govt to keep you and us trouble free now and in future and to protect perhaps your largest investments in life thinking you and us may not get a 2nd chance if get into any troubled deal.



BTW these are current prices of DHA Lahore.

DHA Town Lahore Phase 9 File 5 Marla For 28.00 Lacs

DHA Lahore Phase 9 File 5 Marla For 18.45 Lacs

DHA Lahore Phase 9 File 10 Marla For 32.80 Lacs

DHA Lahore Phase 9 File 1 Kanal For 46.50 Lacs

DHA Lahore Phase 9 Extension File 5 Marla For 16.00 Lacs

DHA Lahore Phase 9 Extension File 10 Marla For 24.25 Lacs

DHA Lahore Phase 9 Extension File 1 Kanal For 40 Lacs

DHA Lahore Phase 9 Commercial Plots File 4 Marla For 152 Lacs

DHA Lahore Phase 9 Commercial Plots File 8 Marla For 266 Lacs

DHA Town Ph 9 Lahore Commercial File 4 Marla For 206 Lacs

DHA Town Ph 9 Lahore Commercial File 8 Marla For 330 Lacs



Can Call +923224009766 Or +923004009766 to buy sell DHA files



Hope answer was good enough for you.







Ch Mujahid Yasin (CMY)



Lahore Real Estate

WMS replied on Wednesday, December 3, 2014 02:52 PM PST 

Dear LRE

I am overseas pakistani and want to purchase 1-K file in DHA Phase 9
I want to do this through you because i trust you guys.
so for this i want to complete this process through my brother who will visit your office for deal but to do this i want to know what documents will be required from my side for a successful file transfer on my name.

Looking forward for your valuable answer.

Regards,
WMS
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(60637)
Tuesday, December 2, 2014 03:17 AM PST 
Verification Process of Property/Plot in DHA

Verification Process of Property/Plot in DHA

Before the transfer procedure begins and before making the payment of chosen plot or property in DHA, few of the property buyers want to verify the property.

Verification Procedure is pretty simple and all you need is to collect a Verification Form available at DHA Office Reception Y-Block, Lahore. People can get this verification form for Rs650. Furthermore, you need to submit this form back to DHA Office Reception along with the following documents:

Copy of Allocation/ Allotment Letter
Copy of Computerized National Identity Card of Property Owner
Original paid Voucher of Verification Fee
Copy of Property Dealer’s Registration Card (if applied through Property Dealer)

Customer/ Authority Holder will collect the Verification Form from DHA Reception next day .

HomesPakistan Interview
Applying for No Demand Certificate (NDC)

After verifying the ownership of property, you will have to apply for No Demand Certificate. No Demand Certificate (NDC) is actually the first step for property transfer in DHA, in which the owner has to clear all the remaining dues and outstanding objections. You need the following documents to further proceed with the process:

Copy of Computerized National Identity Card
Copy of Allocation/ Allotment Letter
Copy of the Site Plan (For the plots located in possession areas)
Property Tax receipt and clearance certificate from Walton/ Lahore Cantt Board.
No Objection Certificate (NOC) for Armed Forces Personnel in case of Service Benefit Plots/ Plots allotted out of Defence quota from GHQ AG’s Branch

The timeline for NDC for Non-Possession areas is 5 days, while in Possession areas, the timeline is 8 days. After that, you will receive Transfer Fee Voucher, Remaining Dues Voucher (if any) so you clear all dues before handing over property to the next property owner.

Transfer Fee for 1 kanal plot in Phase VII is Rs50,950 while in Phase IV, the transfer fee for 1 kanal plot is Rs62,950. In short, transfer fee varies from phase to phase in DHA. After paying the transfer fee, and clearing the remaining dues (if any), you can apply to the registering/ transferring authority of Federal Board of Revenue (FBR) for the sale/ transfer of immovable property. You can get the FBR Form from Federal Board of Revenue office or download it from FBR’s website at http://fbr.gov.pk

You will have to submit the FBR document to National Bank of Pakistan by filling in Seller & Purchaser’s names and DC Value of the property. If you are selling the property before two years, you will have to deposit DC Value of property, depending upon its location; otherwise, CVT is not applicable. Moreover, CVT is not applicable on 5 Marla plots. For instance, the DC Value of 1 kanal plot in Phase VII is Rs40,00,000 and the DC Value of 1 kanal plot in Phase IV is Rs70,00,000.

Moreover, you need to fill in CVT form to get tax clearance from Income Tax department. 2% CVT fee is applied on per kanal basis. For instance, CVT fee for 1 kanal plot in Phase VII is Rs80,000 and for 1 kanal plot in Phase IV is Rs1,40,000. DC Value, CVT fee and Stamp Duty varies in every phase of DHA.

After 3 days of submitting CVT Form, FBR Form and Transfer Fee in DHA office, the management will give you time to visit office to complete the property transfer procedure.
Note:

In case of House or Open Possession Plot, customer will have to coordinate with Building Control Branch for Surveyor visit and dues clearance.

In case of Constructed Building, customer has to clear the TIP Tax of Walton / Lahore Cantt Board and Water Bill.
Transfer Procedure after NDC

After No Demand Certificate clearance, the next step is to transfer the property by bringing the Transfer Set to the Customer Service Officer for transfer appointment. The documents required at the time of transfer are:

Transfer Document (Forwarding Letter) giving the details of plot or house, name of purchaser and other document under seller’s three signatures
Original Allotment/ Transfer Letter so that new Letter is issued in the name of new property owner
Neat copy of Computerized National Identity Card of Seller and Purchaser (duly attested by Oath Commissioner)
No Demand Certificate
Membership Form (Available at DHA Office for Rs350)
Membership Fee paid by new owner (Rs22,830)
2 Passport size photographs of new owner (Duly attested by Oath Commissioner)
Transfer Fee Voucher (Duly Paid)
Undertaking by the purchaser
3% Stamp Duty of DC Value (Varies in every phase)
CVT (Duly Paid)
Original transfer/ Sale Deed along with affidavits of seller and purchaser for surrendering, if plot is registered
Cantt Board Taxes

Both sellers and purchasers will have to visit Transfer Branch for transfer. Customer Service Officer will receive the documents and issue receipt. Within 30 days of transfer at Customer Care Centre, new owner can bring the receipt and original Computerized National Identity Card on the given date, to collect Allocation Letter from Transfer Branch, DHA Office.

ch yaqoob replied on Saturday, June 29, 2019 01:39 AM PST 


Tauqir replied on Sunday, September 6, 2020 10:09 PM PST 

What is time period for n.d.c
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(60635)
Monday, December 1, 2014 09:20 PM PST 
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(60634)
Monday, December 1, 2014 09:16 PM PST 

Ad Type
City
Scheme
Phase
Block
Plot
Size
For Sale
lahore
state life
2
ee
1515
10
Kindly estimate the market value, thanks.

Lahore Real Estate replied on Tuesday, December 2, 2014 03:08 PM PST 

Dear Sir,
your plot is valued around 15 lacs

Ch Saeed
lahore real estate
03224333661
email:info@lrepk.com
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