Aoaa, which one is better to buy shop few options aqua mall zta1 mall or giga mall or should costruct own 5 marla plaza in isb rwp commercial area. Want to gain maximum profit any suggestions
If you purchase something in the above malls at the moment, you are actually giving your hands and arms to the developer of these projects. You will be totally dependent upon them and their progress.
If you have sufficient funds to go for your own project and can construct a plaza or a building you will have the power and authority in your own hands.
You can select the best location and construct your own commercial project, this is more safe and you will get best ROI, provided the location is better and the quality construction is ensured.
Go for your own project. In sha Allah you will get success
After construction of plaza what is the procedure for renting out.It is done through property agents or one can manage by himself. What are the liabilities of the owner.Taxes and government fees. Any other relevant details. Experts kindly shed some light.
Bro, Our experience with property agents always failed while renting a plaza because they are the masters of five minutes jobs only… you will have to hire just a talkative sharp guy and make him sit there in the plaza to rent it out and we were always successful with this strategy… when you hire own guy so he will concentrate on your plaza where the property agent is every body friend and EVERY BODY FRIEND IS NO BODY FRIEND… and i forgot to tell you in the beginning, even if your commercial plot location is average then still make your own plaza than buying a shop… you will learn a lot…
Ilyas Sb. Thanks for sharing your experience. Can you give some more details regarding average return on investment and charges like maintenance etc and usually what is the useful life of a commercial plaza.
8 to 10 percent of the total investment annually…total investment return is 10 to 12 years if you rent it out… maintenance charges are not that much in commercial… If you construct your building as per engineering rules, then reinforced cement concrete structures got 100 years… with each passing day your commercial gets value and gets tasty like rice… where residential building loses her value with each passing day… Good luck Amigo
Ilyas SB. What are the commercial plots options exist in reasonable budget at the moment
If one want to go for developed commercial then giga and Centaurus malls may be considered depending on budget.
Aquatic mall is a unique concept like Dubai Mall aquarium but the on ground development work still not started. Prices are sky rocketed. Once developed as per the given plan, it will definitely attract twin cities.
For the own development of commercial plots, yes i second Ilyas sb.
It depends upon which category you fall for giving income tax. Then you have the property tax as well. All these taxes can be checked in FBR and Excise and Taxation website.
Plaza requires more investment however return is better then the house. Which might not be 12 % however i would say 9% after paying the tax and everything.
Kind Regards
Abbasi sb what are returns constructing house in BE and then sell it any idea ?
Overall Which areas do u recommend for that ?
Shaaz not at all recommended nowadays , Sale purchase is very slow