CMY Sb, AoA, very good service from you for the benefit of many investors and real estate audience.
I would like your expert opinion on investing about 3 crore rupees in the DHA Lahore market. Which of the below options would you recommend for the maximum gain potential in the 3-5 year time horizon.
- Phase 9, 8M commercial file
- Phase 9, 4M commercial file and 1/2 Phase 9 1K residential files
- 1K plots in Phase 7 (sector W or R)and Phase 9 residential files
- Phase 5M 1K plot and Phase 9 residential files
Many thanks
Azam Jamal
Ashfaq Khan replied on Wednesday, April 29, 2015 05:11 PM
Go for 8 marla commercial file in DHA 9. Insha Allah
CMY replied on Friday, April 17, 2015 08:09 AM PST
What is your professional outlook about DHA 9 Commercial 8 marla files???
Ans:
To date I have not seen any body that invested in DHA Lahore commercials for 1 year or more loose a single rupee of his investment. My 12 experience have shown me if one could have large budget he should only go for biggest size commercial plots available in his budget instead on many residential plots. I have seen people that invested in commercial plots have always gained more than twice on their invested compared to same amount invested in residential plots. To be honest I my self was not an advocate of commercial plots due to their higher prices but over the time I saw commercial plots kept gaining many folds even when market was generally very dull. Perhaps very few available commercial plots and sold wealthy long term holders make their prices only rise and rise upward. Even during fall in real estate market wealthy holders of commercial plots never sold these plots panic and need. They sold their lower priced lower sized plots 1st.
Based on & observing closely 100s of deals in DHA Lahore I would say its always wise to buy several smallest size residential plots instead of one larger size residential plot. At the same time one must always try his best to buy largest available size in his budget instead of buying two smaller commercial plots.
Now you asked me about 8 marla commercial plot in DHA Lahore. If possible please go for 8 marla commercial plot instead of 4 marla if your budget allows you. Currently DHA phase 9 8 marla commercial is better value based on price comparison. Do keep in mind 4 marla plots are not large enough for any good office or restaurant etc. 8 marla commercial plots are also in lower numbers and averagely rented by bank or multi nationals so their rents are much higher than 4 marlas due to their larger sizes and better location. When it comes to construction 8 marla also wins here. Cost of designing and construction is lot less than if you construct 1 8 marla instead of two 4 marla commercial plots.
Do keep in mind 8 marla plots are mostly allotted to highest ranked Gen Lt Gen and Brig etc so in each phase DHA Lahore phase 8 marla commercial plots are always on prime location only. Their ballot is done more fairly than too because each Gen want the best location 8 marla plot :). Their ballot is done more fairly because risk of wealthy plot owner can more easily challenge protest ballot results if they are unfair :). People who saw the map of DHA Lahore phase 9 are saying 95% 8 marla commercial plots are on a huge main boulevard, I dont know how much I can trust this info until I personally see the map. But I told you all I know about DHA Lahore phase 9 Lahore. My request If you hold one hold it tight and dont sell at their strong rise as lot of room to grow and in very short time. If have budget available dont deley the purchase as you will be paying more with each day waiting. Very very very few sellers in market for commercial plots of 4 or 8 marla in DHA Lahore. Extremely hard to find even one plot when we get a buyer.
Choudry Mujahid Yasin ( CMY )
Lahore Real Estate
Info@LREPK.Com |
SNK replied on Thursday, April 30, 2015 06:21 AM
at what stage it is feasible to sell plot at phase 9 and where to reinvest. |
