Experts and veterans of the forum are requested to advise on buying plot in E-12. What are the chances of developments in that sector. Will it be a hot sector in 2-4 years time frame. Is it fully acquired by CDA or acquisition process still going on.
Thanks.
Dear brother Nadeem,
E-12 location is very beautiful but there is no major chances of development in near future cant predict time however for a long term investment its good, whenever development will begin there prices will shoot.
Dear Nadeem,
I have been observing e-12 for the past one and a half year. at that time a 30x60 plot would cost 20 to 22 lac. Now it's 2.8 to 3.2 so the price is not stagnant. the sector has a premier location but nothing could be said about the development. The only hope is that if a new govt. Is formed and they want to score points in the beginning, they might do something about it.
I arranged some money for E-12 but keeping in view its slow progress I invested it in a flat, then I arranged some money for it again but I threw it to I-15 and G-14. now I am trying to arrange for e-12 again haha. Let's see wot happens this time.
Yes I agree, once the development is announced and earth breaking ceremony take place the prices in E-12 will skyrocket as it is the only sector which is fully acquired by CDA and has an ideal location. But at the same time our country has been tagged as failed state and it is indeed failing due to bad governance, corruption and total collapse of social and moral values God forbid if next Government also fails to deliver then no one knows what happen next.
Having said that I still feel there is no harm in taking a calculated and limited risk in E-12. As Salman mentioned that prices in E-12 are showing upward trend and a plot of 30X60 costs about one million more then the previous year which means it is better sector for investment if compared with I-11, I-14 and I-15 sectors.
I think i will buy a small plot there. Please stop me if am making a mistake.
Thanks
green signal from my side nadeem sb.