NHA Housing Society Investment

[rehan841 (Rehan Shafi)]

Is it good time to investment in this society. As it is not very well known society so let me give you little details so that the property gurus can give some good suggestion.

1- launched in 2005 by nha,allot plots to their employees.
2. Consists of 4 blocks and total around 2000 residential plots.
3. 8 marla,14 marla, 1 kanal plot sizes
4. Adjacent to dha phase v on sihala road. You can see the location on google maps

No development in past 16 years and file prices are in minus before one year.

Why to invest now:
1- nha open the tender for development of the society so hopefully in next 6 months the development work will start.
2- files are available at very low prices
8 marla = around 20 lacs
14 marlas = around 35 lacs
1 kanal = around 55 lacs

Files are not easily available in market as the people are not selling files now due to development starting soon.

I find one file and the seller is demanding 34 lacs of 1 kanal file.

Should i take risk to buy this file?
Can it give some good return if development get completed in next 3 years?

[nice.isb (Nasir)]

brother it all depends about what type of investment you want to do, if that is your total earned savings and you can’t take risk on it than stay away from it and look for some possession plot only. But if you can take the risk of loosing all of it than you can think of it. I think smaller files are easy to sell and lucrative compared to bigger files.
Also I think its a very long term game, just a google search told me that news of tender are circulating from last 3 years. But on this location with this prices and good amount of patience this has the protentional to become a gold mine.