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House Bldg vs. Investing in Lahore.,

(84854)
Saturday, May 2, 2015 01:35 AM 

Dear CMY,
Right now I know you're all deep down in Ph-9 affairs , but knowing your skills and background you so generously share on this forum I need your advice. I'm from Lahore living with my family & children who already are in the Universities here. I want to construct a small 3 BR house on my own long time bought 6M plot at very good location next to Canal near Doctors's Hospital Johar Town, Lahore. I plan to stay 4 to 5 months each year in Pakistan as I'm recently retired in USA; need my own place in Lahore. The House Plan is already approved from LDA and I was on way to travel to start/supervise construction in May when yesterday I got the news of Ph-9 balloting where I have 2 files of 1K each (investment). After balloting I need to pay the development charges whereas I need money to continue the construction of my house as well.Funds for house construction are already available.
Need your advice what is the best option for me now.
Regards.

Jameel replied on Saturday, May 2, 2015 04:14 AM 

sell one file and keep one. Or wait for ballot then sell Bad Location plot and Keep good Location. Or If ou have Funds 20 Lac X 2 plus Construction Cost then there is No worry,
Currently DHA 9 is in Hype Coming one week is best to off Load file as prices already touching possession plots in Phase 7, Due to Double supply of water and size of DHA 9 it looks the most of Plots will be near Hadiara Drain, As there are no Public offered Plots so most prime location plots will goto Army that is why some are asking upto 10 Lac Premium on Current market price.
But More detail of map is needed to make such an important decision.

Tahir replied on Saturday, May 2, 2015 02:55 PM 

Thanks Mr. Jameel; will wait the map.
Waiting for a few words of advice re my Q from dear CMY as well.
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