I would like to invest 21 million. Any recommendations or suggestions?
I was thinking of the following:
Thanks in advance.
According to real estate analysts, it is not a right time to invest in real estate in Islamabad. Pakistani currency exchange rate is dropping, Pakistani economy is on collapse and with the current law and order situation, and bombings and killings, real estate bubble of Islamabad can burst at any time.
Real estate prices have gone up quite a bit in the past 1-2 years. But in next 6 months, big change is coming to Islamabad's real estate market. Prices are expected to decrease by 20-30%. Prices already went down in few housing societies and upcoming CDA sectors i.e. B-17, Margalla town, Gulberg and park enclave etc. Interior minister Ch. Nisar Ali Khan said urgent legislation is needed to discourage the flow of black money into real estate in Islamabad.
Thanks. So would you suggest that, at the moment, it is better not to invest anything in the sectors i am mentioning? One other question. I have pretty good 1 kanal plot in e11. It would be worth 2.5 to 3cr. I was planning to sell that as soon as possible and buy a 1kanal plot in d12/3 to build a house in future. Is this a good idea and when is the best time to do this.
Sir in my view point property prices are not going to fall at all due to devaluation of rupee against dollar.Also due to load shedding all other businesses have come to halt and real estate industry is the only way out for everyone.In my viewpoint property prices may increase further after ramadan.I would suggest you to buy a plot in g-13 and for the remaining investment,buy some commercial property in dha or bahria town.And yes if u want to sell ur e-11 plot,do tell me…I can fetch a handsome offer for u…Regards…
Thanks saadi. I think g13 and other areas mentioned have gone too far already.
Excelways - if you don't mind. What is your opinion regarding my questions above. Thanks.
Sir i would recommend that masha Allah u have good budget and you can fetch something good.I sectors have relatively less growth.G-13 and g-14/4 has still capacity and prices will rise further there because of its excellent location.Even dha has the capacity.If u want long term investment go for zone 2 socities e.G b-17,d-17,d-18,f-17 residential and commercial plots.Dont go for e-12 as it has the artificial growth.No development for last 25 years and still no chance of development. Cda just gives lolly pops by passing statements regarding tenders and all that bla bla bla.They have not even developed d-12 properly,how will they be going to develop e-12…
Thanks. I have been considering g14/4. Do you know what position that sector is in (any roads or houses built yet) and if the potential of it is same as g13.
P.S. I have posted a new thread asking for an opinion on when to purchase in d12 and e12. If you do not mind. I will appreciate your input there.
Sir very large number of houses already constructed and also a very large number of houses are under construction and people are living there.This sector has huge potential.Temporary roads are built and they will be constructed when construction oh houses will be completed.It has huge potential as g-13 but i will say that it has more potential.This sub sector also contains 60x100 plots and much better houses are constructed here as compared to g-13.G-13 has poor construction mostly constructed by dealers and local builders and g-14/4 has the houses made by owners and it has more beautiful houses.
Anyone know about gulberg. Is that a good place? For residential or farmhouse plot investment.
Sir in my view point it is not an attractive investment.There are many other options which are far better then gulberg.
Sir why dont u invest in commercial plots in bahria town phase 8 which are very attractive investments and can yield havy profits in future…???
Just feel there maybe a risk in investing there. Due to the on going saga between ch. Nissar and behria. I heard he was getting garden city area checked as well due to it occupying a lot of land illegally
How much would a commercial be around there. What what about the potential and what would you recommend.
Saadi In one of the posts you told me to let you know if i want a plot in d12. I want 1 kanal in d12/3 or d12/2 but 3 is the priority. How can i contact you, email?
Also nowadays how many marlas make 1 kanal?
Here it is sir...My number is 03455370978 My mail is:saadzafar92@outlook.Com Contact without any hesitation and i will try my best to buy you an excellent deal.. Sir 50x90 dimension is considered 1 kanal but actually it is a bit less then 1 kanal..
Yes i know 50 by 60 is 1 kanal. But is it 15 marlas that makes a kanal?
I have sent you an email.