Opinion About PECHS K Block

[muddzz (Mudassar Afzal)]

I have a couple of 10 Marla plots in PECHS K block, which I purchased at Rs. 1.6 million each, back in march 2013. I believe the rates for these plots have not gone up much since then (although the society is selling the new cutting around 2 - 2.2 million).

I need expert opinion on whether I should keep these plots till possession (which is expected by Dec 2013 for K block), or I should sell at whatever the market rate is and use that money for some small investment in other area.

Also, what's the current market rate for selling these plots?

[qb-uk (Sheikh Abdul A)]

Last time about 2 weeks ago I heard, they have already given possession for the 5 marla plots in K block as they gave possession earlier than initial deadline date so I am assuming they have given possession to these 10 marla ones also?

You can perhaps sell one, if your in profit and diversify your portfolio or just keep them until society gets fully built up. You will see good return in 2-3 years Insha Allah.

[muddzz (Mudassar Afzal)]

Thanks for your response, Sheikh Sahib!

I'm not too sure about the possesion of 5 Marla, but they've announced the possession of 10 Marla in Dec 2013.

How much can I sell one (or both) of the plots for? Any estimate?