Aoa whats the future of marigold block. I have 8 marla plot there should i wait or sell. Thnx
Abdul Qayyum sb, I respect you immensely for your great selfless comments. May Allah SWT bless you.
The counter argument to what you said is only one factor, expat Pakistani investors like myself. Their monies have started coming in shiploads, which is why realty values and activities have gathered pace in past about two three years. That's a game changer but let's hear your views now.
Abdul Qayyum sb,
Very good analyris.
Regards
Thank very much Mr Khan and Ammar Sahab
Your point is valid Ammar Sahab that foreign remittances have been increased and partly inflating the property market.
However, this is not the determinant factor, there are other causes as well to affect the real-estate in Pakistan.
1: Shortage of house which is ever increasing as there no regulatory authority and no will of rulers to address this issue!
2: Banks profits ae peanut now and some people do care also Halal and Haram.
3: No taxation in the societies, such as BTs, DHAs and the similar ones. Now the scenario might change as they are going to tax the developers but still due to the competition, developers have to reduce their profits to keep their existence in the market. This can further catch outside investment as we the expats can only invest in the property, no other options left for us… the stock exchange…out of question… as it is always being played by crooks. Sometime government itself. See Shaoulak Aziz manipulation in the past!
4: Pakistan Rs has seen so many thick and thins but if you calculate the last 25 years devaluation, it shows at 8.1% and property investment has always proved more than 8.1%, wherever you bought it, 25 years before.
5: Being a Pakistani Muslim: Unfortunately it seems that it is written in stone that we the Pakistani Muslims are likely to face more and more problems being as expats, you blame the failure of our education polices which is giving us bad name, creating suicide bombers or foreign agencies or our neighbors or our visionless and empty headed rulers or whatever reason, the reality is there! Most of us from the back of our mind need to come back and settle in Pakistan or at least keep a place to live if any contingency occurs.
6: Status: Being outside, we enjoy an esthetic living, but when we return we want to maintain the same living, at least a house in good location, to show others that we are still different than the populace as we have been proving this for years and years!
7: Middle age crises: If our kids refuse to come back, we need to come back at least to be with our old friends and relatives while living in a good place.
All these factors contribute to invest in Pakistan real-estate and keeping prices high all the time.
You can make a point here that why people lose then in the property market?
Yes! The mafia will always be there to inflate temporarily but if you invest with good developers, you will surely gain more than bank profit, with the passage of time.
I bought a plot, 7 years before, in high time at 67 lacs, came down to 40 lacs and now it is 1 crore 50 lacs at least! This is almost common in any good society in Pakistan.
Let the mafia play!
Let the prices come down temporarily
Eventually you will gain in property, if you have patience with your investments.
This how I could think of, I might be wrong, experts can comment.
Dear Friends,
What is the price of a 4 marla commercial plot on main boulevard at Oleander?
Regards,
Aamir
Oleander is 52 to 55 lacs as per this week price but coming up
Abdul qayyum saab, dha 8 Marla house which block series is best for living? and reasonable price ? 60-62 or up?
Sagheer Sahab
I visited while sitting inside my car and did not go deep into the DHA Homes.
Personally I like Oleander as it is near to the main entrance.
The reason of my liking is that there are no settlements in this sector and the 8 & 5 Marla plot will get more attraction and attention for construction.
Please do your homework and visit yourself before buying.
I bought my 8 Marla corner in Oleander unit on the 1st offering, paid full installments of 42 lacs and sold 3 years before at 52 lacs. Now it is time to invest as these side people are the Tarbela dam affectees and were given UK immigration by president Ayub Khan. They will sure need to have a nice house in DHA while being their village house just around the corner.
Most main 4 marlas are located just opposite to each other, Lilly & Oleandar, alongside the main access road.
A 4 Marla commercial will have a lot of demand from renters for house construction material shops and for dealers, in near future
Saghir Sahab
Sorry I got busy and could not complete my reply.
An 8 Marla at 62 is not bad. I have seen the model one. Even there is a servant room and double terrace.
I think the price will further go high, it may touch 70 lacs once handed over.
Just my 2 cents, please ask from the guys in the field and colosely connected. I just gave you the info of my buying/selling.
What is the future of commercial 4 marla in Oleandar. Shall I hold it or sell now?
Junaid Sahab
Better not sell now. Hold till handover. You will gain more In Shaa Allah.
@ Junaid Cheema
For better returns, hold it for atleast one more year.
AOA do we have to pay any development changes for 8 and 5 marla plot at Dha Valley or its already paid.
@ Ahmed
Nothing announced in this regard but I am assuming that DHA will charge a certain amount for development.
These( houses) are already developed, so do you dream of a third floor or just a charity fee for valley?
development charges are submitted at the time of development, and these houses are already developed, so only possession fee i think remains for them.
Sagheer sb, the question was about vacant plots and not the built villas.
Sagheer sb, for homes they will be charging possession and utility charges.
Regards
So it means we have to pay at least 9 lak for 5 marla this is what some one told me dha charging for Lahore phase 9, 5 marla plot.
I expect it to be at the most 15% of what you said, Ahmed sb.
DHA Valley market was active today. Prices are increasing steadily.