I want to seek advice on investment of 4-5 million in rwp / isb. Due to recent political issues going on in country it is heard that uncertainty exists and selling / buying is very less in market. Moreover read from another blog that more likely the market will crash as black money mafia has hold further purchasing.
Can the experts shed some light on this analysis?
Also can you suggest any society in rwp/isb which is safe for investment currently keeping in view if their rates are realistic.
Regards,
Shahzad
Shahzad asif sb no direct impact since it is the only option for investment right now whefe u can covrr u money’s depreciation alongwith earning some profits.Secobdly market cannot crash back at genuine places since their fundamentals are strong and overall market is almost at stand still for last 3 4 years so no immediate expectation for the market to come down.
Market is running by genuine buyers now and genuine buyer are not in small number.
If you visit BT and DHA, you will see good crowd in buying/selling activity.
Day dreamers are out and prices are on real worth now. Prices are increasing on steady pace of real plots in good societies, not the file plots.
Sadly, even if PTI comes to power, land prices will go up even more. Which is not really a good thing for regular awaam of Pakistan.
Land prices are already so high, no one with halal earnings can build a house. Ab to sab haram khoroon ki game hai property. Halal ki income se kuch naheen banta.
Rich will get richer as usual. Very sad future ahead for poor and middle class awaam of Pakistan.
Rightly said, sir but when it is said to catch the corrupt, suddenly democracy and system is declared being in danger??
To stop corruption, we have been put up with only two options: Do it in parliament and do it in the court of law.
The parliament is made of mostly corrupt and court of law is facing most difficult time again from the corrupt?
“ kise wakeel karain kiss se munsafi chahain”
See a 30 years experienced, alee murtabat, zile subhani, 3 time PM, Janab Mian Mohammad Nawaz Shareef s/o Mian Mohammad Shareef’s performance to the nation and his future endeavors in context of the court of law?
Thank you for the valuable feedback.
Kindly comment on the available options for 4-5 million range in rwp / isb keeping in view the safe investment and realistic / genuine rates. Thanks!
Shahzad sb
If I am gonna invest, I will go only to the areas where it is safe and peace of mind.
High profit high risk places are only for those who can easily afford high loses as well.
Prices now are real in the established societies and I would go only for BTs & DHAs in your budget.
CDA never depreciates but you can buy only in ;low profile sectors like I-14/16 in your budget.
Gulberg Residentia; slow development and Green out of your pocket.
It leaves you only BT phase-8: Buy two 5 marlas and you will gain in future In Shaa Allah.
Alternately buy 5 Marla in DHA-5.
For at least 5 years’ time span, you can buy DHA valley 5 or 8 Marlas in Oleander and Lilly and your likely to gain good in the said time.
In zone-2, B-17 , F-17, Faisal Town, TC, MC will appreciate but other expert can tell you, I stay out of them, as these places are the dealer’s heavens and they can afford wait for longer time and they have capabilities and tools to sell their product even if it is worthless!
Shahzad sb
If I am gonna invest, I will go only to the areas where it is safe and peace of mind.
High profit high risk places are only for those who can easily afford high loses as well.
Prices now are real in the established societies and I would go only for BTs & DHAs in your budget.
CDA never depreciates but you can buy only in ;low profile sectors like I-14/16 in your budget.
Gulberg Residentia; slow development and Green out of your pocket.
It leaves you only BT phase-8: Buy two 5 marlas and you will gain in future In Shaa Allah.
Alternately buy 5 Marla in DHA-5.
For at least 5 years’ time span, you can buy DHA valley 5 or 8 Marlas in Oleander and Lilly and your likely to gain good in the said time.
In zone-2, B-17 , F-17, Faisal Town, TC, MC will appreciate but other expert can tell you, I stay out of them, as these places are the dealer’s heavens and they can afford wait for longer time and they have capabilities and tools to sell their product even if it is worthless!
Thank you Mr. Abdul Qayyum for the detailed feedback. In your opinion do you think that the current price hike in phase 8 plots is realistic as compared with vast number of plots available in new blocks. Also kindly give some insight on DHA-5 development and scope. As per my understanding DHA-4 is currently in development that is opposite to phase 8 overseas blocks at other side of river. Thanks!
Regards.
Shahzad
Shahzad Sb
There is not much price hike in phase-8. In Pindi Muhalla Abadis, plots are expensive than phase-8.
There are promising indicators that MR will play file games and inflate artificially but it will never go down than what is now when bubble would burst after temp hike.
Say, in Ali block, you can get a 5 Marla now at 30 K, a good plot free of power lines and solid ground, it will never go down as phase-8 is being populated all the time and most of Pindian’s dream to shift in phase-8. Life in phase-8 is lot better than costlier similar pots in Pindi Muhallas.
DHA-5 is located on Islamabad highway and development is very good, in sector A-F. You can afford 5 Marla there, if your priority is nearness to the capital.
Zone-2, MC. TC, FT, etc, please visit physically before you make up your mind as dealer’s description may be different than being there on location and listen to the community around and see on ground development.
I think DHA-5 is better than DHA-4, if you are DHA lover.
Shahzad Sb
There is not much price hike in phase-8. In Pindi Muhalla Abadis, plots are expensive than phase-8.
There are promising indicators that MR will play file games and inflate artificially but it will never go down than what is now when bubble would burst after temp hike.
Say, in Ali block, you can get a 5 Marla now at 30 K, a good plot free of power lines and solid ground, it will never go down as phase-8 is being populated all the time and most of Pindian’s dream to shift in phase-8. Life in phase-8 is lot better than costlier similar pots in Pindi Muhallas.
DHA-5 is located on Islamabad highway and development is very good, in sector A-F. You can afford 5 Marla there, if your priority is nearness to the capital.
Zone-2, MC. TC, FT, etc, please visit physically before you make up your mind as dealer’s description may be different than being there on location and listen to the community around and see on ground development.
I think DHA-5 is better than DHA-4, if you are DHA lover.
AQ sir can you plz give us some insight about the taxes in rawalpindi cantt especially for residential property?
@ Falcon
Painful story of taxes in cant area, sir!
I happen to have some shops in Pindi cantt. 5 lacs of tax notice to me and my tax lawyer is dealing with them!
In private societies like BTs & DHAs no state taxes at all, though Munshi is sharpening his teeth on them but this new PM is keeping him in reins. For residential, 5 Marla out of the net but above 5 Marla there is tax but after having visited the corrupt cantt officers, your breakfast may be ill-digested!
@ Falcon
Painful story of taxes in cant area, sir!
I happen to have some shops in Pindi cantt. 5 lacs of tax notice to me and my tax lawyer is dealing with them!
In private societies like BTs & DHAs no state taxes at all, though Munshi is sharpening his teeth on them but this new PM is keeping him in reins. For residential, 5 Marla out of the net but above 5 Marla there is tax but after having visited the corrupt cantt officers, your breakfast may be ill-digested!
AQ sir many thanks for your prompt yet helpful reply.Any idea for the houses above 5 marlas?
@ Falcon
Residential house annual tax is not much.
Annual property tax is in form of sewerage and water bill. Its like 1-2 thousand rupees per year.
Don’t worry unless you get a letter from cantt.
Different areas have different tax rates too due to different property value as per DC Rate and FBR Rate.
@Abdul Qayyum
I agree that one has to be very careful at this point. Anything can happen in this country including total collapse of real estate prices. In today's economic markets theory of "TOO BIG TO FAIL" doesn't exist at all.
I still recommend Phase-8 as prices are much reasonable and even if everything collapse, Phase-8 will have little to no decline as prices are already reasonable.
@ JDM
Agreed sir on phase-8.
I wrote somewhere before that we were building two small commercials, side by side, in Usman block.
These units are 80% complete and a man already approached us for rent.
Another man is asking for buyout at the current construction stage.
I was optimistic that after sometime, we will gain some profit or rent as phase-8 is more than self-sufficient in commercials but indicators are good now of phase-8.
May be it a market making sort of situation as two commercials together at the same place can exhibit commercial look!
Another example, we bought 1 Kanal plot with 1 Kanal extra land in overseas to make house for our business but a customer is already in negotiation to offer us good profit, in fact very good profit!
I have been saying here all around that BT phase-8 would be on rise, it seems I was not much wrong!
AQ sir if u dont mind,can u plz share with us the amount of rent that can be bagged after construction of such commercial and total construction cost alongwith plot prices and sizes. Your posts are always helpful.
@ Falcon sb
There is a ground floor shop and a studio flat above. Both units rent is Rs. 25,000 as of now.
We bought these plots when BT-8 was sky high.
We contracted both units at Rs. 1950 per sq ft but contractor was new and wanted to enter in the BT market. I think He will not make much money from our contract.
Prices of these plots are location dependent. At our place, as it is shaping up in a market look as there was no unit before us, the plot cost can be anything between 30 to 35 lacs (please check and confirm).
We built for rent but if there is good profit we can opt for selling as well.
Size is 15*20 ft.
I called for another similar plot and the dealer is asking 43 lacs but different location, also in Usman block. We made videos and photos right from start to show our customers.
I think I replied to all of you questions.
Sir, Rozee ALLAH Pak ke Hath Main hay, no problem to give you the true picture.