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Muhammad sai..
( 32 posts )

[18 Replies]
Why prices are stable in cbr phase 2 .Fails hills is far away from airport.Cbr phase 2 and university town have much better location than faisla hills but rates are stable from couple of year.
Now faisal hills have profit arounf 5 to 8 lac

    370 days ago In Property Evaluation
    Post Answer
    Imtiaz
    (1955 posts)
    Best Reply
    To understand it, in general, one have to understand

    - Zedem/Ch. Majeed private projects Faisal series
    - Ch. Majeed (a much scaled down version of Malik Riaz) involvement in Multi series.

    Dealers Game:
    Its a dealers game, every now and then some movement, machinery deployment, anticipation, new bookings creates a hype. That hype is cashed by the Ch. Majeed's dealer to ask for high premium, a game that was mastered at MPCHS B-17. One can see how massive were the asking profits/premium for F block files.

    Credit must be given the guy knows how to sell stuff and how to deliver!! At BT/DHA prime era, to take away potential clients to B-17 and FT is impressive to say the least.



    Those hikes are premiums and when the downtime arrives those premium crash. Possessed property rarely goes into crash mode.

    Rest like CBR-2, UT, FOECHS etc. etc. as of now are less into dealers game and more into direct selling with agents driven by commission not by society backing to fluctuate premiums. At one time CBR-2 prime block profits touched 2 lac with down-payment of 3 lac but then profit dropped to 1.5 lac. In case of UT, CBR-2 and alike low investment projects the possession properties have seen slight growth and good reputation. Its a steady rise rather then big jumps.

    Up country Enclosures tried to play same game.

    ----------
    Personal experience and views, other valuable members can add/correct.
      370 days ago 

      Muhammad sai..
      (32 posts)
      Yiah .well explained thats why faisl hills get a jump of 8 lacs . And it have worst location that ut or cbr.
        370 days ago 

        Bakhtiar
        (5 posts)
        Dear, in my point of view, now people seek followings:-

        1. Pace of Development work at site.

        2. NOC's and possession of land.

        3. Builders Background and reputation and his other projects.

        4. Access Roads and Locations around main roads, like GT Road, Kashmir Highway etc not like CPR Phase-II, University Town where these all problems are facing allottees.
          369 days ago 

          Imtiaz
          (1955 posts)
          Sir the question in hand is not about direct comparison but artificial hikes in current context.


          Since you have highlighted interesting points

          point 1 I am not very sure about development progress of FH, but generally speaking Zedem pace of development is quite decent and it is natural to be then any cooperative housing society.


          point 2 & 3 is same for all under discussion


          point 4 in my view is much better for UT, CBR-2 then FH.
            369 days ago 

            Muhammad sai..
            (32 posts)
            Is B-17 G-block isalso of same faisal hills owner
              369 days ago 

              Imtiaz
              (1955 posts)
              G block belongs to MPCHS, a cooperative society.
              -- Block A to C are MPCHS-B17
              -- Block D, E, F, G are only MPCHS not B17

              Faisal series belongs to Zedem a private company

              FMC is an exception that's sort of a joint venture between Zedem & MPCHS.

              Atleast that's how its been promoted. Importantly, behind all these the most important person that counts as of now is Ch. Majeed.

              Different brands one private housing other cooperative hosuing but the man running the show behind both is same!
                369 days ago 

                Aamir aasim
                (74 posts)
                Imtiaz Sahib,



                so you think the prices in the faisal hills will fall down.
                  369 days ago 

                  Imtiaz
                  (1955 posts)
                  Sir, I am only implying that artificial hikes (asking huge premiums) could be disaster

                  - If development and possession gets delayed, premiums gonna crash

                  - If development and possession granted the end buyer would have much less appreciation.

                  In either case, dealer who could manage to sell will benefit and ones who get caught in the act will suffer.
                    369 days ago 

                    Muhammad sai..
                    (32 posts)
                    What i think .now a days in faisal hills .most of the files are in hand of dealers as they collected the inventory when the rates were down, now and they are asking for huge premium.once they sold there inventory than the price shall be stable whether development granted or not. Bcz geniune buyer could not sold it on low rate as he got all in high rates
                      368 days ago 

                      Zarkon Anwa..
                      (215 posts)
                      Let me give you my take on CBR-2 of these societies,



                      Faisal Hills,

                      The location of Faisal Hill is very near to the main Taxila city and cannot be compared with CBR-2 society which is very very far away from population. Faisal hill was launched about more than 2 years ago and very active since 6-9 months when building of main road,gate and infrastructure is underway. The premium of most prime location of Faisal hills was 2-3lac(5-8 marla plot) about an year ago but with development it doubled/tripled. It will keep rising and taxila / Wah salaried class will buy and start living there very soon.





                      CBR-2



                      Its developed part is good but very far far away from the main populated area so any rise in price will be slow. Its new launches are debatable like CBR Residencia is a Fiasco of this society with a very very poor launch and management. The all dues clear file of this block dropped from 11-12 lac to merely 7 lac.

                      Recently they changed the location of residencia and a new overseas block is launched there. The recent news about RRR shows that it may not terminate at thalian interchange so that will be a disaster for CBR-2.
                        368 days ago 

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