fsaeed replied on Wednesday, April 29, 2015 02:42 AM Thanks CMY for your valueable insight on DHA 8z. Your comments forecast a bright future for this DHA sector for both short and long term investment. |
info replied on Wednesday, April 29, 2015 03:40 AM Dear CMY, DHA follows a public procurement process, this has been the case in all previous projects and so will be the case now so i dont understand how DHA 8Z will be developed earlier because one investors wants so? Also, location is very bad 3 km from Barki road while most of phase 6 and 7 and either on barki, bedian or main boulevard so i humbly disagree with your analysis. |
Sheru replied on Wednesday, April 29, 2015 04:15 AM Respected CMY sahib - I agree with info's comment above and respectfully disagree with this analysis. I am rather confused that you consider phase 7 as a bad or rather worst investment (fully developed, next to golf course/phase6, knowledge park, one side on main Brian road and other on Burke road) and find DHA Z block (completely isolated from rest of DHA, 3/4km away barki road) as a "better investment". With due respect, that does not make much sense. |
CMY replied on Wednesday, April 29, 2015 04:53 AM Info and Sharu I love disagreement. It helps me and others here to enhance my knowledge but it have to be done with points and logic. I appropriated both of you and both gracfully disagreed with your valid points. In fact Both of you said exactly same what I am saying in my post. Perhaps I am the first one who used word ISOLATED so loudly for IVY Green location. Also you missed my part where I compared with only DHA 7 lower blocks not all of it. So far nothing come close to DHA6 7 combined master plan.In other post I just said even today DHA7 name should be delete and this master piece DHA should be called with DHA6 block A B C to X Y Z. There should not be DHA7 in R S T U V W X Y Z blocks. So please focus on word lower blocks near BRB I said Its better location than most DHA7 lower blocks plots near BRB. I meant to say IVY Green could see prices of fewer lower blocks plots especially of those blocks near the drain Info how many public procurement tenders for development you saw for current development in DHA 7. Can you google one link for me. May be I missed them. If I did I need to spend more time on research. If not able to find any than we have to wait and see how fast it gets development started. May be you should visit area and check if they have not already started development work there :) Those guys are crazy. You may get surprised if you visit IVY Green site :) I have not been there but knowing that person for so long I cant imagine they have not done little movement here and there in IVY Green already. |
MAR replied on Wednesday, April 29, 2015 04:59 AM Dear CMY, please share information/status of DHA Vellay Islamabad. Thousands of people have invested but no gain so far. Plz share any update you have because there is no outcome even after eight years. thanks |
CMY replied on Wednesday, April 29, 2015 05:14 AM In DHA Valley Islamabad close to 250 thousand people got effected including military men. Too much work going on in back ground to fix the mess. May take some time but will get fixed. Gen Raheel Sharif and GHQ aware and working to find acceptable solution for it. All you can do is wait. I can say any thing more on it. I have limitation how far I can share all this here. I hope you understand my position. Just to make it 100% clear I am proud to say we at Lahore Estate never recommended it to any one. We told every one here many many times BEFORE actual booking who was actually behind it. We never booked single plot for us or any of our clients or bought or sold any plot here. We did provide prices updates just after booking for a while to help people know true worth for making a huge mistake to book here. Choudry Mujahid Yasin ( CMY ) Info@LREPK.Com |
Habib replied on Wednesday, April 29, 2015 06:11 AM Dear CMY , Thanks for your detailed article about IVY green, This also solved my question that why it is not offered to public, Loos most of files are still with main owner who will release slowly in market based on price, You are right In my personal opinion it may cross the pace of development as compared to DHA 8 proper, recently the development work is going quite slow in DHA 8 proper, can you tell reason for it. Looking at price of DHA town which started slowly and Know Plot was available at 11 to 12 [in 2009],At that time most dealer strongly disagreed that this phase will be hot [LRE agents were also among them] I approached and one dealer and he quoted Bewa will say “ Pehlay ve Looti gai tey Hun ve”. At that time some NOC was needed. But now we see the progress. People have a Lot of appetite for small Plots I was astonished to find the prices of DHA5, 5 Marla in Blocks B and D near Cror Both are bad Locations to me. People argue 5 Merla is 3 bed, 10 Merla is 4 bed and Kanal is 5 Bed, Smaller houses and Plots are easy to resale. Now Main question is do you think the Price in IVY green will come a bit further Low?? at what price you think 5 merla in average Location is best to buy, Don’t you think that when this investor will release the plots in Market in Bulk we can find better bargain. I mean should we react now or later. |
Zeeshan replied on Wednesday, April 29, 2015 06:20 AM Very nice analysis by CMY. Well i totally agree with you for Phase 8 Z block. It seems isolated at the moment but i am sure already land adjacent to this block has been taken by DHA for its future projects. So i guess now is the time to buy z block as it will develop very fast and the prices will go out of hand once development actually started to look on the ground. |
MJM Dammam replied on Wednesday, April 29, 2015 06:44 AM Just out of curiosity what does IVY stands for? From where it has been derived, or does it stands for investor's acronym. I would appreciate if anybody responds to my request. |
CMY replied on Wednesday, April 29, 2015 06:55 AM Habib I bought first plot in DHA Town a 5 marla for just 6.5 lacs for a client. Due to NOC and possibly long wait no one wanted it. Bought some plots at 8.5 lacs for clients after that 1st plot. Most people argued army family of Shuhda will not transfer after NOC is issued and price is a lot higher. Told seller families their plots worth is atleast twice current price please please dont sell if dont need money. But many were just too poor and badly needed money. Told buyers how you cant trust a needy family of a shaheed soldier who have given a life for his country Pakistan. I assured buyers I will pay the difference from my pocket upto my limits if any Shuhda family backed out of transfers. Every one trusted me and agreed Shuhda families wont deceive and purchased these plots.Families were v needy I just had to help them. Did deals without a paisa comm on both sides. Only few sales happened but I was happy. It was so strange no dealer were willing to buy any DHA Town plot for them at that low price 8.5 lacs at that early time. Not one Shuhda family backed out of any deals. |
Habib replied on Wednesday, April 29, 2015 08:39 AM Thank CMY for detail of Shuhda Town, Too sad. They deserved more. |
XYZ replied on Wednesday, April 29, 2015 10:05 AM MJM Dammam: IVY GREEN does not stand for anything, in fact it was the name of home where Helen Keller (a blind poet) spent her childhood time. |
Habib replied on Wednesday, April 29, 2015 11:03 AM Also it is Lush green booti which is used mostly to cover walls and sometimes Floor instead of Grass. mostly seen in resorts. |
MJM Dammam replied on Wednesday, April 29, 2015 11:16 AM Thanks XYZ - The birthplace of Hellen Keller is Ivy Green and not IVY GREEN. It is strange that capitals (IVY) are being used every where. For me it does not look appropriate to name this area as IVY Green - it should be better known as DHA Phase 8 Z block although Z block has nothing to do with the main DHA Phase 8 having a distance of about 3.5 km. Thanks again XYZ sahib. |
XYZ replied on Wednesday, April 29, 2015 11:59 AM MJM Dammam: Yes, you are right and this is what everyone is saying that the place which is more than 3.5km away from DHA phase 8, could be a part of it. But as CMY wrote above, there was a single owner who had this lot and got a deal with DHA. That's it. |
Adeel replied on Wednesday, April 29, 2015 01:25 PM CMY or experienced readers, what's the future of Phase 8 z block 4 marla commercial plot? Is it going to increase substantially after development starts here? It's available for around 15 million. Should I go for it or increase my investment and buy phhase 9 4 marla commercial? I want to hold it for investment purposes for 5 years. |
Jameel replied on Wednesday, April 29, 2015 02:52 PM Dear Adeel, If i have a choice of DHA 7 file and DHA 8 IVY Green Commercial plot I will go for Later, reason is IVY green is bit isolated and there will be Lot of Commercial activity in future mainly real estate related. It will be more once more land is gained. DHA 7 have a Lot of Competition with DHA 6 and 6 Main Boulevard Commercials which are closer to DHA 6 Office. But i think Both will gain. DHA phase 9 Commercial will be little long term Investment. But Honestly I have no personal experience of Commercials only Logic and past experience from similar information. |
opinion replied on Wednesday, April 29, 2015 02:58 PM Dear sir phase 6 commercial has no direct competition with phase 7 commercial phase 6 cca 4 marla plot minimum at 250 lac while phase 7 comm. File is 134-135 lac. Huge difference in price |