I have two plots
Now due to some reasons I need 50 lac and i need to sale one of these plots. I need suggestion what plot should i sell and what to hold. which of these plots can give me better returns in future.
Tough pick …
I-14 gonna rise due to infrastructures, Gas, more construction.
I-15 gonna rise as sector gonna get developed.
On paper the margin or percentage for growth seems better with 15. However, if things gonna get halted/slow down (usual of CDA) 15 will suffer.
Bottom line: in that situation, I would hold 14 one (50 ft. park face etc.) as its may rise slow but organic and will dispose 15 at this stage. Again thats a personal interpretation, others may counter argue. Underpass news, if got some substance behind them will benefit 14 the most.
All the best Nasir brother …
@Its_ImtiaX yesterday i visited I-15 and checked the development progress, I think development and planning of I-15 is way way better than I-14, there are 4 water tanks being built in each sub sector. Not sure about I-14 water tanks as i never seen any. Streets are wider and straight, markaz, commercial etc are far more organized. development speed also seems pretty impressive and its not looking like any CDA I series sector. So this has made me more confused about my previous decision. did you check recent progress and what are your thoughts now?
Yes, @nice.isb it’s true that 15 is better planned than 14 and 16 much better than both. My personal favourite remains I-16.
14 plan and irregular shape (unlike 16) is due to the fact that it’s right outside Pindi area (mixed up, irregular) and not as regular as 16. For me 14 holds more sustained growth due to the fact that.
Developments in 14/15/16 do impact each other. Plus 14 being more populated and rapid construction will give it additional boost compared to 15/16. 15 will rise better in short term but holding 14 will yield better in longer run.
With underpass 14 will be the gateway to 15/16 and it impacts prices accordingly. Markaz construction is another factor.
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Here is a random interesting point, though I don’t believe in it personally but I wonder Sometimes developed I-series, even number outshines odd numbers (I-8/10/12) remain more in news and trading than (I-9, I-11)
Imtiaz sahab, so far i have i am inclined to invest in I15 mainly because it is cheaper at the moment so more margin for growth, may i ask which of the three do you think will pay off as best investment for 2-3 years?
Thanks @Its_ImtiaX I have made a partnership with my brother in I-15, and I-14 I am sole owner. So I am keeping the both plots. As I think this is the best possible deal. Thanks again for your support and suggestion.
@syedwajahat17 sb, out of these 3, I-16 remains my personal favourite… Reasons:
Potential for Growth:
Future Plans (not sure now)
Where to buy
Good decision brother @nice.isb all the best for future! Buying or retaining time for that area.
Respected members, i visited I15 and I16 yesterday. I15 rates are slightly higher than I16 because of underground wiring news. is this true or just fake hype?
Personally i think I15 is more scenic and looks well planned. I may be wrong but streets in I16 seem narrower.
I-15/4 is pretty leveled as compared to others especially I-15/2 and I-15/3. Due to less height of I-15/2 and I-15/3, we are only considering I-15/4 and I-15/1 for purchase, is this right decision?
I saw land-works being done is full swing on some areas of I-15/1. it has both high and low grounds so prices vary a lot. There is a small settlement in I-15/1 as well.
@syedwajahat17 your decision is absolutely right. there is very little difference in prices in I-15/4 and 1 so I think you should go for 4 as that extra 2-3 lac will pay you better in future. Again go for heighted and good location plot. may be try to find something near to markaz streets.
Nasir sahab, thanks a lot for your guidance, JazakAllah.
Do you know if I-15 really will have underground wiring? I am asking because mainly due to this factor, I15 prices are higher than I16 even though I16 has possession plots and is fully developed.
not sure 100% about that, people on different forums are saying different wording, some people are saying that the main poles will not be under ground but the street level electricity will be under ground. things will get cleared in next 6 months. Underground is not the only reason for higher prices in I-15, I am holding my plot in I-15 since 2011 and I am noticing that even there was no sign of development back in those days but still I-15 prices were equal or better than I-16. So the reason is investor interest. Investor favors more to dreams than the ground realities. In Pakistan Dreams are sold easily rather than ground realities. We as a nation believes more on theories and dreams then the actual ground realties.
If underground wires stuff coming from dealers, its perhaps a bait is thrown in … Realistically, its hard to comprehend 14 have overhead wires, 15 underground and 16 overhead seems weird… Though I wish them to be underground, that will be fantastic!
15 is far better than 14 in terms of layout but once developed 16 is best among all. Though I switched from 16 to 14 for personal reasons.
This is PAK and its real estate is like stock market, development work ongoing and 15 gets more hype. Just like a Japnese Car with a decade ahead features is depreciated after 100 Km driven but a pathetic locally assembled GLi after 50k KMs, sold with much higher profit.
Its about hype and the way dealership twists …
Imtiaz sb, every commodity is the same in the way it is traded because human nature and behaviour is same. Water, oil, real estate, stocks… I don’t see much of a difference in the way they are traded, they are all alike and behave alike as commodity with prices. Not just in Pakistan but in the whole world. Do you seriously believe current US stock market where DOW is at some 30000+ is realistic? Everything in the world is in a bubble currently thanks to coronavirus and govt responses to economic losses by it. Everyone knows current real estate market in every country is inflated including Pakistan and will come down.
I will say, some realistic gains have been made but I’m expecting some crash/stagnation/correction in approximately 2023.
Brother, beyond the sub-continent, I am yet to see
The Point: Yes, globally the correlation is there but not as strict as in PAK. Logically speaking, stocks (floated as piecewise asset gaining/shedding every moment) cant be compared to an immovable asset that takes time to sell or lets say transfer from one name to another in weeks and months. We have lack of options here for investments, RE is seen as safest and behaves very firmly as stocks and that is where people make and waste money overnight … Global correlation exists but here its abnormal by any standard in a global context.
When economy or commodity is in boom cycle, everything seems abnormal. And I disagree on RE being safest investment. I still believe stocks are best investment in long-term, it is just that most people are scared of it as they are unaware of the processes. Otherwise historically, stocks have always outperformed RE. All we need is a change in mentality from ‘plot kareedh le’ to ‘stocks kareedho’ which will come as our economy gets better, diversified and Pakistani companies begin to export more.
And I never talked about liquidity, I simply talked about human behaviour and similar correlation to every commodity including real estate and stock market. As for RE skyrocketing on a few rumours, well that happens everywhere with every commodity. The stock market in US/Europe fluctuates on the smallest of news here and there, real estate always moves up and down depending on smallest of changes by federal govt. Obviously in the west, RE is different because it is much more developed/advanced and we are still developing, but the fundamentals are same and in fact when US were at the stage we were in RE, they also faced similar RE fluctuations to small changes. And the signs are already there that our RE is developing very quickly not just from incredible construction rates but also the fact that mortgages are increasing. Real money from real estate is always made in the developing phase, not when it is developed. If you look at model of RE investment in West, it is always rental income and not property trading that much.
As for cars, well that is a completely different story and very much automobile mafia at play.
At the moment i am only looking in I-15/4 and due to some kind of hype (not sure what is it about) It seems good plots in I-15 are hard to come by, either not available or too expensive. Like dealer shared 30x60 Street 1, near service road north, near to markaz corner plot (40ft road) for 1.15 crore. is it a reasonable demand? is it even worth investing this much amount in I-15/4?
@nice.isb @Its_ImtiaX
in 10 million plus budget there are lot of better options for investment, I-15 is good for 60-70lac investment. If you have that much of budget than go for 35x60 or good location extra land 30x60 in I-14, or E-12 25x40 or somewhere else.
There are several adds from Zulfiqar enterprises on Zameen.com they are specialist in I-15 and can give you many options, but again keep your eyes and ears open. I am not giving any guarantee.