I have about 5 million (50 lacks) which I want to invest in Lahore Real Estate. Instead of buying one single plot/house I would like to buy two or three plots in new schemes whose value is expected to rise.
Can you guide me which places are good for this purpose?
My major concern is fraud. Is there a fraud proof way? What documents should one demand and how does one verify those documents??
What are the most safe and good scheme?
Thanks.
50 lakhs is a good amount for 1 plot. But it is a very small amount for 2-3 plots.
My advice to you is to buy in DHA Phase 8. You will get one kanal there.
The price of that plot will rise aas soon as some good progress is made on development work.
They have collected the development funds already so it should be on its way.
Another option is to buy in Islamabad F-15 sector.
Plots in DHA phase 8 are fraud proof because the transfer there is handled very professionally. Also F-15 plots in Islamabad are handled by Jammu Kashmir housing society. If you go for other areas they are very expensive.
Thanks for you advice. What authorized dealer do you suggest for Lahore DHA Phase 8 ? What documents will I be given and should I verify them? From where?
in lahore i guess Bahria, DHA and Valencia are fraud proof… as you can varify the documents with the relevent housing socities …