Lahore Real Estate Forum

Start NEW Topic Or Post Advertisment

                                                          
 
Back to Forum |

1 KANAL,

(85618)
   syed shoaib
Tuesday, May 12, 2015 04:22 PM 
Reply: >
I AM asking this on behalf of my friend he wants to buy kanal plot and have two options 1. valencia 2. iep sector b , he want to know which one is better for living and price of good location kanal in this societies . he worked and i also informed him but want to hear from some other people too .
Jameel replied on Tuesday, May 12, 2015 07:31 PM 

Dear Shoaib,
Valencia is more preferable, even in 2006 its price was almost same as as that of Valencia, I remember a plot in 2006 Asking price 35, It is isolated part of IEP, very Close to village almost surrounded by Wapda Town, there are many 2 Kanal plots, in 10 years even it is not packed but recently I did Not check Ground realities.
Valencia is Iconic society in that areas in spite of slowness in market in 2004 to 2005 Its Price is Continuously rising now average Kanal reaches 120+ It is well Planned Community with better infrastructure and Commercial activities, I think there is no Comparison. If you ravel 13 KM then 2 KM More does not matter. Soon Valencia will leave Wapda behind as Wapda is purely residential with poor Commercial planning.
I have been great advocate of Valencia in past for investment but Now Price is too much I don't consider is for investment but for making home it is excellent. I Bought in Valencia Kanal in 2007, now in this price you cant buy 3 merla there.
syed shoaib replied on Tuesday, May 12, 2015 07:58 PM 

still Valencia commercial beside property dealers not that active and in demand , valencians even using old wapda commercial centers and pia . and for your info there is plot in iep sect b for sale and owner relative demanding 130 lac for that kanal and not ready to sale it less than that , so may be prices are higher there than Valencia , i met valencian they were not happy living there but iepians were very satisfied ...... really tough decision for my friend to select .
Jameel replied on Tuesday, May 12, 2015 08:08 PM 

I have 2 holdings there and many friends living there they never told such things however I agree that it is a huge town there can be such possibilities but I don't believe it is becoming Sehrab Goth, I Think there is exaggeration, I am aware of some small Hostels as Univ of central Punjab, Comsat and University of Lahore is nearby.
Electric problem is almost solved as work on grid was going on in Feb it should complete in this year.
Coming to wapda Town I have House there as well, I think their main is too narrow to accommodate Commercial.
I feel before spending one Cror you should do good work to get information. My impression about IEP sector B is Not good, Just to save 5,10 lac don't go there, Village is great risk at night all crimes in WAPDA are from this side that is why you are seeing gates in almost all streets. If there is issue of Budget then see 16 Merla in L Block it beautiful and can be accommodated in less than cror .
Jameel replied on Tuesday, May 12, 2015 08:15 PM 

130 is too High to me
Jameel replied on Tuesday, May 12, 2015 08:29 PM 

If it is plot is near 167 then its approximate worth is 90 Lac Max
syed shoaib replied on Tuesday, May 12, 2015 08:55 PM 

no sir jameel its not exaggeration , univ of lahore , ucp , comsats do not have hostels , lot of student living in near by societies specially negros studying in uol or working somewhere only living in valencia on rent and mostly people constructed homes there for rent purpose , people there told me that even their animals on eid use to disappear , and iepian said no bad event so far occurred here we feel more secure in this small gated community as it is security with in security , 90 is not rate there even a plot on mortgage by lda was 100 few months back , 90 is rate in punjab phase 2 where kanal is of 19 marla and gulsh an e lahore these both are not of class like iep , nfc , valencia .
syed shoaib replied on Tuesday, May 12, 2015 09:13 PM 

i found ground realities total different , may be those living there have better idea , may be you are right from birds eye view , but my friend said he liked valencia but not people and their experience there , iep planned like societies street in islamabad which he liked and comfortable with plus young lads playing tennis there and boxing coaching center there , neat and clean ro plant, if people of same class is happy in iep sect b than we shd give it try beside it is bit costly than valencia k , j block .
Lahori_guy replied on Tuesday, May 12, 2015 09:21 PM 

Shoaib bhai.. In which block of iep u own a plot ?
syed shoaib replied on Tuesday, May 12, 2015 09:27 PM 

i do not own a plot in iep sect b
wise replied on Wednesday, May 13, 2015 03:43 AM 

Fixing the gate in wapda town Lahore is not for security purpose .It is just for wapda society officers how to get commission (Kick back) in this process
Ibraheem replied on Wednesday, May 13, 2015 05:47 AM 

What about IEP sector A ? Is it good society in the long run for living ? What are its future prospects?
Habib replied on Wednesday, May 13, 2015 06:38 AM 

Dear Syed Shoib, please confirm what you are telling about valencia, If it is correct then you should avoid it even if you have to pay someting from your Pocket, The question Valencia or IEP sector B should not come to your mind at all.

on the Other hand I believe that many decent families are living in Valencia, I general the evelation of Houses are better than IEP or WAPDA, Roads are 40 Feets Vs 30 Feet, Mian is 150 VS 100. But you may have other reasons to live in IEP secor B Like your relatives already living there.
Before Purchase I would Advise theat go To reputed delaer on WAPDA Goal Chakkar and with the difference of 1,2 Numbers ask that I want to sell this Plot tell me approx worth, What they tell you confirm form someone elese, the true worth will be 2 Lac More than that. 2 Months Back one Plot was sold there in 88-90 Lac, But is was an urget sale. Becuase it is not a big sector so usually you will not find prices of other plots available in tha sector. It very difficult to sell such a plot if you want to becuase of Viallge and Boundary factor.
syed shoaib replied on Wednesday, May 13, 2015 07:48 AM 

iep is a credible institute founded by our quaid e azam , its society are trust able and worthy to live but best thing i good managment , sector b is their model housing society and a starter , sect a is proper few thousand kanal society , its future is bright , many people living and started construction in sector a . but not as luxurious as sector b however a competitor of valencia as it have 2 kanal and one kanal and even 10 marla but in sector b only 2 kanal and one kanal and iep sector a have 18 marla kanal whereas as sect b is 20 marla or u can say marla is bigger and proper in iep sector b .
syed shoaib replied on Wednesday, May 13, 2015 07:52 AM 

habib sir we have two consider these both because valencia and iep sect b , nfc are among best societies of southern side of lahore .its just tussle between final two societies. one have edge of many schools , commercial etc other have small society gated, good environment , good people and management plus relaxing beauty .
>