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Investor
( 162 posts )

[397 Replies]
Pakistani rupee value is doing a nose dive and currency value has depreciated 30% compared to british pounds since 2017.

I bought 2 plots back in 2015 in bahria town. Even though the price of plots have gone up by 10% each year, the value of currency however depreciated and the investment is completely worthless.

Anyone seeing anything positive coming out of pakistan's economy in the next few years?

    200 days ago In Where to Buy
    Post Answer
    YC
    (394 posts)
    @Imtiaz,

    Good input like always

    This currency devaluation vis a vis property valuation issues is not easy to conclude, I have also been pondering on this issue from few months, we have a property whose worth was 1 cr 80 lac when usd was 120, so now usd at 133, should the demand be raised ? I say logically yes but in reality buying power and number of buyers are reducing day by day as peoples’s incomeS are not rising,

    So how should one draw relation between usd and property price , or it shouldn’t be done at all
      198 days ago 

      Imtiaz
      (926 posts)
      @Ajmal,

      Since this is a discussion on Currency Devaluation and Real Estate in Pakistan, therefore, my listing was in no particular order of preference as I had to start from some name. However, since you have asked for I-16 so here are my views:

      I-series CDA sectors are more affordable than the others with an exception of I-18.

      I-14 vs I-16
      I-14 is nearer to GT road and is getting populated. For end buyer its good but the prices have jumped significantly so from the investment point of view, I believe I-16 can yield better results. Here is why...

      - Sector Layout
      If you look through google maps, I-16 is a perfect squared shape sector that has been the layout of the proper CDA sectors. Whereas I-14 is irregular. Squared shape sectors somehow evenly divide 4 sub-sectors with Markaz in centre and better management and maintenance of the sector compared to irregular ones. 16/2 is getting populated at a decent pace.

      - Civic Amenities
      Gas and Electricity are already available with good underground water as of now, whereas CDA has already started working on the water supply or probably already done by CDA. Not sure if I-14 has Gas connections, as of now.

      - Neighborhood
      I-16 is connected to 3 fast developing societies at 3 - 5 minutes drive that include FOECS, CBR-2 and Upcountry. For example, Upcountry has signed MoUs with Nayatel, and best school systems in ISB. These education, health and other services, if I-16 cannot have, I-16 will still be able to have them based in nearby fast developing societies.

      - Link from I-14 to I-16
      CDA has floated the tender earlier this year for the rehabilitation of link road from I-14 to I-16. There is already a proper road but that needs maintenance and upgrade. CDA ensures such up-gradation but only once sector is largely populated to avoid wear and tear of roads during house construction. Upgraded link is also needed to boost I-15 which is between 14 and 16 and CDA is planning to develop it sooner.

      - Access from Mainstream City
      CBR-2 that is adjacent to I-16 is in process of getting a direct connection from Thalian Interchange. Whenever that happens, I-16 will be just a few km drives from the Thalian Interchange, New Airport and the proposed Rawalpindi Ring Road. Moreover, there were talks between CDA and NHA to given access to I-16/15/14 from Kashmir Highway through H-16 sector that has been reserved for the Central Jail. In worst scenario it already has the access from Motorway to I-14 to I-16 and takes about 25 minutes from Zero-point to I-16.

      - I-17 as a Medical City
      I-17 has been approved by the CDA to be a medical city with teaching hospital and university run by NUMS (military based institute) that will boost I-16.

      - PHA flats
      PHA flats in 16/3 will boost I-16 as they are being constructed by PHA (ministry of housing) so they will only become attractive once infrastructure, facilities, access and quality of life is improved.
        198 days ago 

        Imtiaz
        (926 posts)
        @YC,

        I believe Foreign Currency Account (foreign cash reserves) vs Real-estate (Immovable Asset) are two distinct portfolios of savings/investment/ Some times they can be complementary and at times they can be contradictory. Like hard to draw a conclusion between the Parliamentary vs Presidential system of governance.

        For time being USD is doing well as far as a currency compared to lets say GBP, EUR, Lira, INR. Similarly, some projects may be doing well than the others (lets say better than BT etc.)

        Its a matter of choice, understanding, and social perspective. One can buy a Mehran and save the cash in account or invest it to grow, while the other would prefer a Corolla by investing more cash in the vehicle that depreciates each passing day - for the sake of social perception.

        If you have constructed units, even if their price appreciation is slow, monthly rental can balance that off with a more frequent revenue.

        As of now among the two (Foreign Cash Reserves vs Real Estate Investment), the first one sound more attractive as PKR is bound to crash more in coming months but a direct comparison may not be easy unless some economist can share technical insights to elaborate it better.
          198 days ago 

          Ajmal H
          (7 posts)
          @Imtiaz



          Thanks for such a detailed review on I-16 really impressed. Can you please guide me where to invest I-16 or Gulberg residencia or B-17.



          Also in which sub-sectors or series (will really help me). If you can also mention price range that will be a big help.



          Thanks
            198 days ago 

            Imtiaz
            (926 posts)
            All three are quite good



            - I-16 as proper CDA sector of I-series

            - Gulberg Residencia at one of the most prime locations of ISB and one of the best designed society. However, some parts/blocks have been underdeveloped and will take long time.

            - B-17 has been an all season winner but to me a bit far and outskirts of the ISB.

            I would personally go for Gulberg Residencia if I have to construct my house for living and for long term excellent growth and may be living I 1-6.
              197 days ago 

              Ammar Khan
              (107 posts)
              Imtiaz sb, Great sir. Keep up the positive work. We all are learning from you. Thanks.
                197 days ago 

                Ajmal H
                (7 posts)
                @Imtiaz



                Thanks really appreciated.
                  197 days ago 

                  Abdul Qayyum
                  (1811 posts)
                  Great work Imtiaz Sahab.

                  Always educating us with comprehensive knowledge of property matters.
                    197 days ago 

                    Salman
                    (15 posts)
                    Hi everyone,i am an overseas pakistani and i need help in buying a plot in isb or rwp,my budget is 4 million rupees.I want to buy a plot to build a house immediatle.Ideal size of plot would be 10 marla.

                    Can you please recommended me where should i buy a plot to build my house.I dont know much about pakistan property and i want my investment to be safe and i want a society which is safe and livable.
                      197 days ago 

                      @li
                      (332 posts)
                      @Imtiaz



                      Brother in how many years do you think I-16 will be liveable?



                      I asking this because i also considering it as a option to make my house.
                        197 days ago 

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