Pakistan Property & Pakistan Real Estate Portal
Properties Agents Developments Forum

Search Options

Ask Your Question 

Top Contributors
Stats
Syed Ibrahim

Senior Autho
834 posts
10 best
Pk1

Expert Contr
354 posts
5 best
Mbs

Expert Contr
342 posts
12 best
Nafees Bhatt

Senior Contr
192 posts
0 best
Tanveer Yous

Senior Contr
176 posts
0 best
Arshad

Senior Contr
170 posts
2 best
Ali

Senior Contr
149 posts
3 best
Okha

Senior Contr
147 posts
2 best
Kamran

Senior Contr
145 posts
0 best
Kk

Senior Contr
141 posts
1 best
Abdul Ali

Senior Contr
122 posts
5 best
Rizi

Senior Contr
122 posts
1 best
S.arshad

Senior Contr
105 posts
0 best
Fahad

Regular Cont
69 posts
0 best
Zain Nadeem

Regular Cont
68 posts
0 best
Become an expert on the forum, check Forum Ranks.
Property Evaluation questions and answers. All your Property Evaluation questions answered by our experts and thousands of other members. Get professional Property Evaluation answers to your questions. Get started by asking a new Property Evaluation question now.
Rizi
Senior Contributor
( 122 posts )

[3 Answers]
Dear all please tell me plot 50x90 price in G-16/2. When I want to sell plot #2152 people tell me price less than 15 lac but when I want to purchase same plot people tell me at least 22 lac price. What is actual worth of this place. Because i want to purchase plot in G-16-2 in good location but confused? about this huge difference.

390 days ago In Property Evaluation
Rizi
Senior Contributor
(122 posts)
Please answer. I contacted to lot of property agents and find this confusion. Difference of 7 lac? Uff Allah!
390 days ago 

Pk1
Expert Contributor
(354 posts)
The reason is prices are low, and people have very little purchasing power.

So investors and owners of plots are holding their investment - they will sell at higher prices even if it takes 6months 1 year to find a buyer.

On the other hand, someone who cannot wait (until he finds a buyer who is willing to buy at the high price) will lower the price. If investors (who can wait) are asking for 22, he will ask for 20, and he will be able to sell in 2-3 months. If he needs the money really urgently, he will ask for 18, then he can sell in one 1-2 months. If his need is even more urgent, he will ask for 15 and then he can sell in 1-2 weeks. etc. etc. etc. So if you want money immediately, you get less; if you can wait, you get more. But if you wait more, the rupee may devalue, and you will still not make a big profit.

Similarly, when you go to buy, if it is a static area eg. where development is not about to start; you should wait until you find a seller who lowers his price because he wants immediate cash. If it is an area where development work is about to start, prices will go up quickly so you should buy quickly and no need to wait for a needy seller because you will cover the difference when the price goes up.

Therefore, the problem right now is in the diminishing buying power of the people inside Pakistan and the wait-and-see approach of the overseas Pakistanis because they are apprehensive about conditions in Pakistan.

Moral of the Story: You should contact a number of good property dealers who do business in that area and wait a few months.
390 days ago 

Rizi
Senior Contributor
(122 posts)
Thank you sir Pk1 for your kind response. You give me time for your analysis about the above mentioned situation.

Actually I want to buy plot 50X90 and I contacted property dealers and they tell me the price about 22 lac. Became confused about market rates because I am new and do not know situation. My friend told me to contact the property dealers and ask them that I want to sell a plot having size 50X90. The you will realize the worth of plot. This was new experience for me and I was shocked to hear corner plot main boulevard 110 ft road price about 15 to 15 lac. Also there were hundreds of problems in location and society credibility encroachments etc etc.

Morel: this experience became fruitful for me to find problems and worth of plot.

So onward I can offer easily of some plot with confidence in this location. But I think property dealer will not sell me plot in this location he will tell me other locations with gupshup to promote that location.
I think this will be fruitful for beginners who want to purchase plot.

I will suggest to all beginners to sell specific plot to property dealers before purchasing that specific plot to know actual worth of that specific plot. This will be useful effort. Then give the bid.

But problem is that you will become "badman" because property dears are more more more sharp than us all.

Allah pal sab k hal pe karam kare, Amin.
389 days ago 

(3 Answers)