April 27, 2017
If you have been following Lahore’s authentic estate market trends, you will concur that Ferozepur Road is brimming with investment activity. Many incipient housing projects have recently been launched here and the pace of development work in subsisting housing societies has incremented. So what’s going on? Let me tell you.
The latest trend
Investment activity along Ferozepur Road is not bound to a inhibited area, and property buying and selling is optically discerned in areas as far off as Kasur. According to Lahore Development Ascendancy (LDA)’s 2021 masterplan for Lahore, several patches of land along Ferozepur Road (essentially those that lie between Kahna and Kasur) are marked for agriculture. In other words, the LDA will perhaps not grant approbation to incipient housing societies here; nevertheless, property spanning several acres of land is flipping hands, offering handsome per acre returns to investors – in a rather short term.
Why such robust trade activity?
The under-construction southern loop of the Lahore Ring Road (LRR) has an immensely colossal part to play in the area’s elevating prices. An interchange is being constructed near Gajju Matah, which will decrement the amount of commuting people will have to do by making central components of the city more accessible.
Ferozepur Road has a better location than other road networks with immensely colossal projects that can be invested in, i.e. Raiwind Road, Burki Road, Canal Bank Road, etc. . These avenues will additionally benefit from LRR, but they are found much further away from the city’s main arteries.
The DHA factor
DHA is currently acquiring land for Phase X through its investors. According to my sources, DHA plans to provide an access route to this phase through Phase IX. The chances of Phase X getting an ingression point from Ferozepur Road are additionally high, which could be one of the reasons why land here has optically discerned a sudden elevate in demand.
Some valid concerns
The patch of Ferozepur Road that runs onwards from Kahna faces a dire lack of commercial activity. You might find some schools and colleges around Central Park and Grand Avenues, but the area otherwise lacks commercial magnetizations.
In the coming few years, some societies could transmute this situation by pumping some commercial action into the area. Model Housing is expected to develop a commercial area of its own, however, the society is still waiting for the LDA to issue it a no remonstration certificate (NOC).
While the lack of commercial activity is indeed something to keep in mind, investors should cerebrate of investing long term here. The reason is that the stretch of Ferozepur Road is visually perceiving a plethora of development, and these issues may be weeded out automatically in the coming years.
If you have been advised to invest in land on Ferozepur, you should earnestly consider it. However, I would advise you to go by the book and buy property only in housing societies that have an LDA-issued NOC.
April 7, 2017
People who follow the authentic estate sector ken that Lahore has been inching up and down in terms of prices, but has stayed largely stable in recent months. Short-term investors took a backseat after the tax implementation last year, and the market has not been the same since. On the other hand, long-term investors are not just active, they are in some ways keeping the market stable – and that is where DHA Lahore’s Prism 9 comes in.
Considering the fact that Prism 9 is so far the most immensely colossal of all DHA Lahore phases, it will take a while afore DHA is yare to offer possession here. Some experts believe that DHA can offer partial possession in the next five years, while others believe that the timeline maybe longer.
Short-term investors are not currently eyeing the phase because it is still in its development phase. Moreover, development isn’t genuinely taking place at an expeditious enough celerity, which is why if you are cerebrating of putting your mazuma into the project, you should ken that you will be doing it long term.
At this moment, development work is perpetual on the main boulevards and road avenues, but a lot still needs to be done. Those looking to optically discern the impact of development work on property rates in this phase might need to wait remotely.
Prism 9 mostly features a good number of 1-kanal residential plots; 10-marla, 5-marla and 2-kanal plots are available but not in high numbers. In fact, Blocks J, H, K, L and R, are the only places where you can even find these options; all other blocks offer 1-kanal plots in Prism 9.
In terms of returns, 5-marla plots in Prism 9 are still the most alluring option, but inhibited availability has pushed many investors to look elsewhere. The average rate of 1-kanal residential plot in Prism 9 is PKR 104 million and that of 10- and 5-marla units is PKR 6.9 million and PKR 3.8 million, respectively. If you compare these rates with other more developed DHA phases, you will find a sizably voluminous difference.
According to Zameen.com’s recent Market Report, the average sale price of a 1-kanal plot in developed DHA phases is PKR 24 million, and that of a 10-marla plot is PKR 15.2 million.
Check out what plots cost in different Prism 9 Blocks here:
Block Plot Size Price Range
A 1 Kanal PKR 9,500,000 – PKR 14,000,000
B 1 Kanal PKR 8,000,000 – PKR 12,500,000
C 1 Kanal PKR 8,000,000 – PKR 13,500,000
10 Marla PKR 6,000,000 – PKR 7,500,000
D 1 Kanal PKR 7,500,000 – PKR 14,000,000
2 Kanal PKR 24,500,000 – PKR 28,000,000
E 1 Kanal PKR 7,500,000 – PKR 13,000,000
F 1 Kanal PKR 8,500,000 – PKR 13,500,000
10 Marla PKR 6,500,000 – PKR 8,000,000
G 1 Kanal PKR 8,000,000 – PKR 12,000,000
H 1 Kanal PKR 7,500,000 – PKR 13,000,000
J 10 Marla PKR 6,000,000 – PKR 7,500,000
5 Marla PKR 3,200,000 – PKR 4,500,000
K 1 Kanal PKR 8,000,000 – PKR 11,500,000
10 Marla PKR 5,500,000 – PKR 7,000,000
5 Marla PKR 3,200,000 – PKR 4,500,000
L 1 Kanal PKR 7,500,000 – PKR 13,500,000
10 Marla PKR 5,500,000 – PKR 7,000,000
5 Marla PKR 3,200,000 – PKR 4,200,000
M 1 Kanal PKR 7,500,000 – PKR 12,000,000
N 1 Kanal PKR 7,500,000 – PKR 12,000,000
P 1 Kanal PKR 8,000,000 – PKR 13,000,000
Q 1 Kanal PKR 8,000,000 – PKR 14,000,000
R 1 Kanal PKR 7,500,000 – PKR 11,500,000
10 Marla PKR 6,000,000 – PKR 8,000,000
5 Marla PKR 3,200,000 – PKR 4,500,000
One-kanal residential plots are the most popular option in DHA developments, and have optically discerned a higher demand, which is why investing in these plots is recommended.
Recollect this: while picking a plot solely for investment purposes, you can compromise on the location only remotely and that too if you have budget constraints.
Does the Lahore Ring Road matter?
Some Blocks will give you better returns in the long run because of their location and proximity to the Lahore Ring Road (LRR). While the route isn’t going to matter much at the moment because people don’t currently live in Prism 9, it is going to cause price hikes of as much as 10% to 15% for the locality once LRR is inaugurated in August. Anyone claiming that price hikes could be more than this is not giving you the full picture – or perhaps doesn’t have the full picture to commence with.
If you optate to invest in the short term and profit from this 15% gain then go for Blocks H, F, K and J, since they all lie proximate to LRR’s under-construction interchanges.
Should you invest right now?
I would verbally express go for it if you have the mazuma. Any investment here, like I verbally expressed afore, will not be for the short-term. In the next five years, depending on the status of development work, property rates in Prism 9 can go up by more than 100%.
If you break up the price appreciation over a five-year period, the annual hike in terms of percentage comes to about 20%. Keep in mind that rates will go up more conspicuously once development work goes towards the final stages – this could transpire any time after three years. During the next one or two years the market value can safely increase by 30% to 40%.
March 7, 2017
Affirmative, it is official!
After a long wait, the Defence Housing Ascendancy (DHA) is set to launch DHA Multan tomorrow. The ceremony will be held at DHA Multan, Bosan Road, and will commence at 11 am. Invitations for the event have been sent to all officials concerned.
After the official launch, DHA will commence accepting applications for the plots on offer. The tardy date to submit an application is March 31. According to a DHA official, the balloting will take place a month after this. Furthermore, the official map for DHA Multan will be rolled out within four to five months.
The project has kept investors exhilarated for the past couple of months, and with substantial reason. If you are looking to get your hands on some property within this project then read on.
On offer are 5 marla, 8 marla, 10 marla, 1 kanal, and 2 kanal residential plots, along with 4 marla and 8 marla commercial plots.
Check out the payment plan for the plots below:
Total Price (Omitting Development Charges) Down Payment 10% (within 30 days of balloting) 12 Quarterly Instalments
5-Marla Plot (Residential) PKR 5,000 PKR 2,000,000 PKR 200,000 PKR 150,000
8-Marla Plot (Residential) PKR 7,000 PKR 3,000,000 PKR 300,000 PKR 225,000
10-Marla Plot (Residential) PKR 9,000 PKR 3,500,000 PKR 350,000 PKR 262,500
1-Kanal Plot (Residential) PKR 11,000 PKR 6,800,000 PKR 680,000 PKR 510,000
2-Kanal Plot (Residential) PKR 15,000 PKR 13,000,000 PKR 1,300,000 PKR 975,000
4-Marla Plot (Commercial) PKR 15,000 PKR 17,500,000 PKR 1,750,000 PKR 1,312,500
8-Marla Plot (Commercial) PKR 20,000 PKR 35,000,000 PKR 3,500,000 PKR 2,625,000
Here is a screenshot of the application form:
The official I verbalized with verbally expressed that the application form has been marginally amended and the incipient form will be made available on DHA Multan’s website on Monday. You can withal pick up an application from designated banks (details available on application form).
What should you apply for?
If you optate to invest in DHA Multan for short term only, you should go for 5-marla plots, as more diminutive plots are traded massively in the market and they conventionally fetch more profit in the short-duration. Those inclined to invest in commercial plots should consider the 8 marla options.
Currently, the price of 1-kanal affidavit files in DHA Multan’s Phase I is PKR 5,400,000. DHA is launching 1-kanal plot at PKR 6,800,000. So, file owners should expect to optically discern an incrementation in the value of their files in a month.
Many rumours about the official launch of DHA Multan were spread in 2016, but none of them turned out to be true. Some withal verbalized that DHA is largely fixating on DHA Villas in DHA Bahawalpur and the Multan launch would visually perceive massive delays – but that has proven to be mendacious as well.
March 4, 2017
Bahria Town Karachi Incipient Deal Precinct 5 and 9: 500 Square Yards Residential Plots
Bahria Town Karachi is one of the top housing developments in Pakistan. The latest venture by PMS in Bahria Town Karachi is, ‘Bahria Town Karachi Incipient Deal Precinct 5 and 9’. Incipient deal is offering 500 square yards plots for sale. Plots in Bahria Karachi incipient deal can be booked on cash payment and withal on facile installments of 1.5 years.
Location of Bahria Town Karachi Incipient Deal Precinct 5 and 9
Incipient booking is located in Precinct 5 & 9 Bahria Town Karachi. Location of incipient booking is best as it is circumvented by all modern facilities including the top conveyance and road links.
General facilities in Bahria Town Karachi Incipient Deal Precinct 5 and 9
Bahria Town Karachi Incipient Deal is one of the best orchestrated incipient housing schemes in Karachi. Bahria Town Karachi Incipient Deal has wide roads, green belts and modern sewerage system. Bahria Town Karachi Incipient Deal has around the clock high security. Bahria Town Karachi Incipient Deal offers dihydrogen monoxide, electricity, parks & play areas, community center and Mosques. In short, Bahria Town Karachi Incipient Deal has everything which is required for modern living and one can dream about.
Bahria Town Karachi Incipient Deal Precinct 5 and 9 is ideal for living and investment purport
Bahria Town Karachi Incipient Deal is one of the top incipient housing developments of Karachi due to good location, state of the art orchestrating and provision of all fundamental facilities. Bahria Town Karachi Incipient Deal is best for the people who love to live in lush green housing schemes with modern facilities. Bahria Town Karachi Incipient Deal is additionally ideal for authentic estate property investment as chances of profit gains in short period of time are high.
February 25, 2017
Authentic estate investment for women, the authentic ascendant figures!
The number of working women is incrementing in Pakistan, especially in major urban centres such as Karachi, Lahore and Islamabad. In additament to taking care of family matters and raising kids, these fine women are ambulating tall alongside their life partners financially as well. If some of you don’t cerebrate me impudent, I would relish to verbally express that women, in certain is paramount, are more dependable than many men in our subsisting gregarious setup. These women are mature and forward-looking, and sometimes they take on the responsibilities men only repine about.
Having a domicile of your own and securing your kids’ future is a mutual concern of virtually all espoused couples. But, being a woman, have you been able to convince your husband to consider investing in property in lieu of throwing parties and buying flashy cars? Many of you must have endeavored, some of you must have already given up on it, but have you endeavored enough? Did you ascertain that it wasn’t altogether infeasible for him to invest in land or buy a domicile in lieu of paying hefty monthly rentals?
Men inculpate (read: furtively venerate) women of being masters of the art of persuasion. While we might sometimes take it as a compliment, it is more often frustrating. It is consequential that being women, we utilize our influence to avail men make the most consequential decisions of their lives i.e. make sagacious, safe and promising investments to secure their family’s future. For this very purport, the women of today need to be cognizant of their family’s future goals and how they can avail their husbands achieve them for the collective benefit of the household.
Cutting down on day-to-day expenses to preserve a little every month is a sapient conception but we ken that the minute sums we preserve every month will take decades to become enough mazuma to buy decent property in Pakistan. Investing in authentic estate is still possible, however, and you wouldn’t be required to sell your jewellery for that.
Authentic estate investment can commence from as minuscule as a couple of thousand rupees. Affirmative, I am verbalizing about buying forms, which gain value with time and have a high chance of being converted into files, which are worth hundreds of thousands of rupees. You can additionally invest in housing projects that offer property on monthly, quarterly or bimonthly instalment plans.
You don’t obligatorily have to invest in property offered on instalments with the intention of keeping it aeonianly and worrying about arranging the instalments while coping with your children’s incrementing expenses. Every authentic estate project gains value gradually as it develops. When you visually perceive enough gain, sell it and invest elsewhere, utilising the profits to invest in more immensely colossal and better projects. If you do this with the right research and market erudition, you are bound to prosper.
For Details Please Contact Us.
February 22, 2017
Like the sound of DHA Villas in Bahawalpur?
Investors who have been waiting for Defence Housing Ascendancy (DHA) to work its magic in Bahawalpur need not wait anymore. DHA Bahawalpur has launched the DHA Villas project with 6-marla, 9-marla and 12-marla units. And the last date to submit application forms is March 4.
As with any top-notch housing society, DHA Villas boasts a decent location. The incipient project is in DHA Bahawalpur Phase I, at the junction of the 250-feet-wide Main Boulevard and the 150-feet-wide Principal Collector Road.
The villas will be a consummate community on their own, with an array of features that avail them stand apart from other societies in the city. The project will have an underground electrification system and an exclusive circadian maintenance accommodation. In integration, they will have their own parks, a jamia masjid and a kindergarten school.
Each of the villas has a modern design with a captivating elevation. Along with the impressive design, the villas boast an impeccable finish. In order to ascertain durability, DHA has picked only the best vendors to ascertain high quality construction.
The wide and spacious bedrooms will come with annexed bathrooms and built-in wardrobes. The expansive kitchens are being made with high-quality fittings. Furthermore, these units withal feature a dedicated drawing and dining room, veranda, car porch, powder room and a storeroom.
Here is what the front elevation of DHA Villas will look homogeneous to:
Verbalizing of the payment plan, not only is the price of these units market competitive, but they can be acquired through facile payment plans, which span two years with 8 quarterly payments. Check out the consummate plan here:
Villa Size Processing Fee (Non-refundable) Down Payment Total Price
6 Marla PKR 10,000 PKR 200,000 PKR 7,000,000
9 Marla PKR 12,000 PKR 300,000 PKR 8,500,000
12 Marla PKR 15,000 PKR 400,000 PKR 9,900,000
To apply for DHA Villas, download the application form from DHA Bahawalpur’s official website (www.dhabahawalpur.com). The forms are withal available at the DHA Head Office in Bahawalpur, along with its sub offices in Karachi, Lahore and Islamabad. To get more details, you can additionally call DHA Bahawalpur at +92-062-111-111-518 by giving reference of this blog.
The forms have to be submitted along with a non-refundable fee of PKR 10,000, PKR 12,000 and PKR 15,000 for 6-, 9- and 12-marla villas, respectively. Payments can be made to designated branches of Askari Bank, Cumulated Bank Circumscribed, Allied Bank Constrained, Bank Alfalah, Dubai Islamic Bank, Muslim Commercial Bank, Bank Al Habib and Habib Bank Constrained.
My sources additionally tell me that Askari Bank is offering home finance options for people looking to invest in the villas.
DHA will be holding a ballot after the forms are received. Prosperous applicants will be able to optically discern their denominations on the website, after which they will be apprised of how and when they should commence making payments for their villas.
I’ve learned that possession will be offered a year and a moiety after the payment plans kick off. DHA is withal orchestrating to commence construction anon after this. Buyers should be able to get possession in a year.
February 18, 2017
The expansion optically discerned in Lahore’s bounds over the past few decades has engendered intriguing vicissitudes in the city’s demographics as well. Along with this, incipient commercial projects and corporate centres have withal become a component of the city. So naturally, the once serene, posh and pristinely residential areas are now visually perceived as the most apt locations for commercial, corporate and recreational facilities.
Visually examining how Gulberg has metamorphosed from a residential area to our favourite place to shop, dine in or hang out, the hip commercial and corporate district of the city still needs more from the developers keen to showcase their flare for high-end developments flaunting exquisite facilities. Gauging this injuctive authorization, Salman Developers has launched its yet another remarkable project defining the culturally robust aura of Lahore – The Grand Square Mall.
The Grand Square Mall has sundry fascinating features that promise to fill the gap we often find in the commercial hues of Gulberg. Read on to explore these features.
Located at Centre Point Lahore, The Grand Square Mall definitely boasts the most transpiring location in the city to offer intrigued retail businesses and other corporate offices the right place to be at. Not just that this component of the city is facilely accessible from all components of the city, the area is additionally sought after by shoppers. In fact, the avid shoppers heading to this area to find all brands and shopping outlets under one roof will find The Grand Square Mall a great place to be at.
FACILITIES & AMENITIES
As the project has been launched with an aim to revolutionise the shopping experience for Lahoris, the facilities and amenities it offers are withal astronomical and awe-inspiring. The project’s plan is well conceived and it addresses to all aspects that many of us find exasperating in other shopping malls in the city. With sizably voluminous exhibit areas and meticulously conceived interior of individual shops, establishing business here would be a straight “yes” for all kenned retail brands.
The Grand Square Mall withal features a frolicsome zone studded with trampolines for people of all ages and boasts an immaculate environment and a dedicated floor for famous eateries. In integration to that, The Grand Square Mall withal has a prayer hall, immensely colossal car parking space with valet accommodation, a felicitous waste management system, high-speed elevators and escalators, standby engenderers, separate restrooms for ladies and gents equipped with fine sanitary fittings, state-of-the-art firefighting system and round-the-clock security surveillance through CCTV cameras and professional security staff.
OPTIONS & AFFORDABILTY
Having in mind that this mall is an exclusive shopping and commercial development, the discerning buyers might cerebrate that they have to pay a plethora to purchase a shop or office here, but that’s erroneous. Shop prices in The Grand Square Mall start from PKR 6,669,000. Furthermore, for the accomodation of buyers, a facile payment plan spread over 36 months is additionally in place, which you can avail by paying 25% of the total price as down payment.
Available options in terms of the sizes of shops and offices are additionally diverse, so that you don’t find yourself short of spotting the right space your business deserves to have in The Grand Square Mall.
February 16, 2017
Grand Square Mall Lahore: Executive Offices & Rentail Shops Are Available Installments
The Grand Square Mall is a landmark project by Salman Developers that will be shining tall at the horizon of City of Lahore. It is exclusively designed to accommodate all the growing desiderata of an emerging metropolis that includes shopping, fun & regalement, expeditious victuals & fine-dining restaurants and an elegant corporate enclave.
The Grand Square Mall is launched with a concept to revolutionize the shopping experience and to be the top priority of the people to spend time and get regaled. Our aim is to become the bellwether in retail, accommodations and regalement industry and make it apperceived as the most preferred destination for the fun seekers.
The Grand Square Mall will be the most transpiring place in the entire city. It has many unique features to regale its visitors. Through well-orchestrated event hosting and family magnetizations the Mall offers an opportunity to the people who can meet and greet their families and friends or participate in interactive fun activities.
GRAND SQUARE MALL is located in Gulberg 3 on corner plot facing Ali-Zaib Road on one side and Main Boulevard Gulberg on the other side. GRAND SQUARE MALL has good proximity to Liberty Shopping Center and M.M. Alam Road. Location of GRAND SQUARE MALL is ideal as Gulberg Lahore is the central business district of Lahore, always packed with people.
The Shoppers’ Paradise
Orchestrated with well-lit corridors, spacious shops and showrooms, a victuals court and modern restrooms, the Grand Square Mall boasts an exhilarating retail, accommodation and regalement commix.
An entire macrocosm of actions and thrills featuring spectacular rides in a safe, clean and pulchritudinous environment. It is the ultimate place for fun and regalement for the whole family.
No shopping is plenary without a good dining experience. The Grand Square Mall’s Pabulum Court is exclusively designed to bring in the finest culinary sensations from all around the world.
The first of its kind in Lahore, Grand Square Mall offers a pristine fun and salubrious environment for little ones to play, jump and bounce all around. Massive indoor trampoline arena in a plenarily air conditioned, clean and safe atmosphere, offers bouncing in a good way to experience fun and fitness. The range of inflatables includes impediment courses, slides and bouncers for all ages.
With state of the art architectural design and elegance, 14 stories of the Grand Square Mall will cater all kinds of business entrepreneurs. The corporate wing of Grand Square Mall features an elegant lobby with dedicated capsule hoists and exclusive waiting area. It offers a comprehensive and flexible working environment equipped with latest desiderata and facilities to make it one of the most prominent business hub.
The executive offices are designed to integrate prestige to your business!
Astronomically immense and spacious executive offices with separate ingression, lobby and hoists. The work space verbalizes a lot about a company’s personnel and standards. The executive offices at the Grand Square Mall are equipped with modern amenities, technological essentialities and a sophisticated look, the right profile for a thriving business.
Roof Top Garden
Designed by the most experienced team and maintained by highly adroit gardeners, the Grand Square Mall’s Rooftop Garden is a true oasis at the top of the mall. With stunning outside view, a cafe bar, a restaurant and a flower garden, the visitor to the garden embraces a placid and rejuvenating environment; the right place to relish the cool summer evenings with family and friends.
Safety & Security
To curb retail malefactions and to offer consummate security to the visitors, the Grand Square Mall has installed a dunce-proof security system. It involves retailers and business owners to work hand in hand with the management to obviate any unlawful activity. State-of-the-art monitoring technology, well-trained security staff and an expeditious replication system sanction the Mall to provide a safe, secure environment for its visitors.
- Prayer Hall with indispensable facilities
- Car Parking with valet accommodation
- Restrooms equipped with latest facilities
- Solid & liquid waste management system
- circadian CCTV monitoring & fire security
- High speed elevators and escalators
- Reliable standby engenderers
Floors details of Grand Square Mall
Total floors = 14
- 2 Basement floors for Parking
- Shops and Mall floors = Lower Ground, Ground, 1st & 2nd floors
- Victuals courts / restaurants = 3rd & 4th Floor
- Offices = 5th floor to 10th floor
SIZES OF SHOPS & OFFICES
- Shops = 190-2000 square feet
- Offices = 450-1500 square feet
- Booking details, prices & rates of THE GRAND SQUARE MALL
Offices and shops in Grand Square Mall can be booked with just 25% down payment. Possession payment is 10%. Balance amount to be paid in 3 years. Buyers can cull quarterly or monthly installment plan according to their culls.
RATES OF SHOPS & OFFICES
Shops rates on Ground Floor = Rs. 90,000/- PER SQ FT
Shops rates on Lower Ground Floor & First Floor = Rs. 50,000/- PER SQ FT
Shops rates on Second Floor = Rs. 40,000/- PER SQ FT
Mundane offices prices start from = Rs. 13,750/- PER SQ FT
Executive offices prices start from = Rs. 14,500/- PER SQ FT
February 15, 2017
Stability is the order of the day for DHA Gujranwala
It’s been three years since the Defence House Ascendancy (DHA) introduced DHA Gujranwala, but there are no traces of development in the society. Though 10-marla and 1-kanal plot files are being traded in the market, sale-purchase activity doesn’t seem too promising.
DHA has not yet launched the project officially, and this delay has kept many eagle-eyed investors away. So far DHA has only marked the area for the society, but that’s as far as progress goes.
On the other hand, the prices of plot files in DHA Gujranwala are not exhibiting any auspicious fluctuations. A elevate or fall of PKR 50,000 transpires every month, but no sudden jumps have been witnessed.
Currently, the prices of 10-marla and 1-kanal plots files in DHA Gujranwala are as follows:
Plot File Price
10-marla PKR 2,500,000
1-kanal PKR 4,000,000
These files are facilely available in the market, but demand has been mediocre at best. Perhaps, the ascendancy is fixating on DHA Multan and DHA Bahawalpur, which is why DHA Gujranwala is not getting much attention.
Should you invest in DHA Gujranwala in the current scenario?
DHA projects relish a prestige and never disappoint their investors. Though DHA Gujranwala is not exhibiting much progress these days, it doesn’t denote that prices will not escalate in the time to come. Prices are sure to shoot up once the official project launch is promulgated.
According to rumours, the project is expected to launch by mid-2017. However, DHA has not given its official word in this regard, so it’s no use paying heed to this news. Keep in mind that the project will prove fruitful only for those looking to invest in the long term.
February 9, 2017
Invested in State Life Housing Society Phase II?
Invested in State Life Housing Society Phase II? Read this!
February 8, 2017 • News & Updates,Pakistan Authentic Estate
The rumour mill’s been abuzz with news that State Life Cooperative Housing Society Phase II is merging with Defence Housing Society (DHA) Lahore. Well, I’m here to report that these stories are baseless, and investors should put their hopes away.
Phase II investors already ken that the project has not shown any remarkable progress since its inception. This is largely because development work in the locality never authentically kicked off.
Recently, developers of the society thought of allotting alternate plots within Phase I to Phase II investors. Ten-marla plots were offered in Phase I against 1-kanal plots in Phase II. The value of these 10-marla plots currently aerially circumnavigates PKR 4,000,000. Many people took up this option, but many Phase II investors are still stuck in limbo.
At the moment, if you forfeit a 1-kanal plot in Phase II, you can acquire a 4-marla commercial plot in Phase I. Otherwise, the developer plans to give 14-marla, 7-marla and 3.5-marla residential plots in Phase I against the 1-kanal, 10-marla and 5-marla residential plots in Phase II.
Plot owners are expected to get letters from the society to initiate the process within a month or so. However, State Life has not given its official word on the matter. If this deal does go through plot owners will withal have to pay development charges at the rate of Rs 50,000 per marla.
The prices of plots in State Life Cooperative Housing Society’s Phase II are as follows:
Plot Size Price Range
5-marla PKR 1,400,000 to PKR 1,500,000
10-marla PKR 1,900,000 to PKR 2,100,000
1-kanal PKR 3,000,000 to PKR 3,500,000
Property prices in this locality have virtually remained stagnant for quite some time now. However, I have auricularly discerned that sale-purchase activity has picked up marginally in the last few weeks.
I still cerebrate that State Life Phase II is a precarious investment and those looking to invest should recollect that this will be a long-term engagement.