I want to apologize if this is in the wrong section. I have a 500 sq. Yds plot in dhai ph 2 sector k. It is on the liaqat ali khan blvd and right opposite to the commercial center. I want to know whether i should sell it or build a house on it and then sell it. Since i am an overseas pakistani, construction would entail my moving to pakistan for an extended period, which is ok with me but i am wondering if it will be worth it. The plot is such that i would have to build a 2 story basement. In the present power shortage times, i feel this would be a desirable property since a basement is cooler in the summers so no need for ac!
Tariq sb: DHA-II (ex-commoner) blocks K, L, M N P are highly promising but the time is not right to dispose it off unless you have better investment options. There are not much houses in K block to create demand for a built-up property, so theoretically, plot would fetch you better return than a constructed house, which is also a hassle as you said. But lets wait to hear SAADI, who is authority on DHA.
Sir i would simply not recommend you to construct it for selling purposes because sale purchase of houses has yet to take momentum in A to H sectors,let alone K sector..Plus property with basement in phase 2 is not a hot cake and forget about double basement to sell and your house might go into loss as it will not sell in reasonable time plus you can well imagine the cost of construction of double basement..If you are interested in such venture,I would advise you to sell this plot,buy a one in dha phase 1 or phase 2 B,C,E,F blockS and sell it after construction and no basement should be there in your house..
I also agree with isloo bhai but one thing is that if you have sufficient funds available,you should shift your investment to proper dha 2 (A to H) for a prime location level plot which has the capacity to generate very good returns.
For buying selling at dha and bahria,you can contact me at 03455370978..
I appreciate your quick responses, Isloo bhai, and Saad_Aquari bahi. So Saad, since you deal in DHA, what should my plot be worth? Approximately?
Sir for correct approximation i need your plot number…Not exact but some idea…You can also contact me at saadzafar92@outlook.com…Mail me info at this address and i will send you approx worth of your plot.
@ Saadi_Aquari, just a clarification required, I read your various posts in the past where you were recommending K,L,M,N and P to advise seekers, while here when Tariq Sb asking advise for his plot you are suggesting him to go to proper DHA2 (a-h) to get the better returns, so I am bit confuse with this last post, please explain further.
Saad bhai, I sent you an email. Please check your inbox.