B-17 mpchs flopped...Why are prices in E-block 30x60 on for 16-18 lac? These were over 22 lacs just 2-3 months ago? (Am I right in thinking all of E Block is with complete possession, if so why are prices dropping)
Is E block completley with possession? Or are there land acquisition problems in E block as well?
I cannot comprehend why prices are falling big time in MPCHS? Is it due to Margalla avenue development work coming to halt?
Is it because partially E Block is not with possession and these are files only? (land not acquired)
What are the reasons?
I'm interested in buying as prices are fairly low, but unsure WHY prices are dropping hence why i'm asking!
Thanks,
Kashmiri
?
Kashmiri Bhai,
B-17 will took long time to take off again because there was un-realistic rise in prices.
No prices are low according to area .some thing big going on .deliberate price fall .what is distance b/w b17 and g15 .
Approx. 10 km from b17 to g15
Some people are blaming Faisal Town for this… Dharnas have also done their share along with halting work on MA… On top of that, the society is upsetting people with the way they are handling things… Not many transfers going on in the office, it is almost empty nowadays, I remember there was a time when people couldn’t find a place to stand…
I think multiple factors contributing to price fall. No one is Margalla Avenue work. Without Margalla Avenue , B-17 has little catch.
Many people consider that as investment oppurtunities. Geniune buyers who want to construct and live in b-17 are much less. There are no markets, schools, hospitals and other facilities near by. Some Investors cannot hold their money for much longer, so they go for sell, and no geniune buyer in market so drop in price is natural.
Is possession given to all members in E block?
Are all plots on ground or some that have not given possession?
Investors are afraid of buying even on these rates.
Dear Kashmiri sab,
There is 2.7Million still price of 30x60 in E block near Markaz.yes i am agree that there is no much sale purchase.B-17 was a one of best project in zone2 but unfortunately Multi management mishandle this project that's why investors are upset with this project because there is many reasons,
1:MA.
2:No access for E and F block.
3:D block
4:Poor management system.
5:One man show Majeed sab is involve in his own project.
6:Dealers are more than management team.
I am totally agree with Junaid bahi because i remember that time that's why i and many overseas invested there.
Regards
Though prices are down nowadays in B17 but i personally feel that after 1-2 years, the society will once again flourish. The key to success is that they should focus on good standard of development and timely completion of the project. Moreover, completion of Margalla avenue will be a game changer for B17.
Multi should show some muscles and jointly complete Margalla Avenue with CDA like Malik Riaz do for his projects.
I know it's highly improbable but that is how real estate projects can be really successful since public sector is unpredictable and lethargic in Pakistan.
Dear B.R Malik,
MA is one of extra plus for B-17 but most important that Multi should serious in project issues.
Regards
Everyone is worried so let’s make you people happy happy meeting is going to be held next few days regarding announcement of possession date of d block and as per my poor source of information says that land of d is near to clear so meeting will be between multi top management managers and developers
Dear A.M,
If it's true then it's great news for Multi investors.My good wishes and lot of prayers for Multi investors may Allah bless us all.
Regards
Since prices have dropped. Im seriously considering buying a 30x60 in E block. Im getting a plot for 16.5 lac. Plot numbers are like 1020 on wards aloy for sale. But are these possession?
Missing comments from Dr. Arshad 
@ Sheikh
shukr karo woh nahi hai warna sirf ussi ke hi comments dekho ge phir
I am surprised to know such price decline in B-17. I thought perhaps its very successful as its flagship project of mpchs. If they couldnt properly manage just one project, what will they do with multiple projects same time? I wish things to improve soon