DHA Phase 6 Block A

Brand New 1 Kanal Ideal House is up for sale

Lahore Real Estate Market Witnesses Significant Rise

Lahore: The real estate market of Pakistan is experiencing significant growth now a days. The last month started with a positive note especially for the market of Lahore and Karachi. Islamabad’s real estate market also did not show decline but progress of Lahore and Karachi was far better.

Lahore is gaining significance in the real estate sector and the housing scheme including DHA’s new phases (VII to IX), LDA Avenue I and Bahria Town turned with substantial output.

Islamabad showed stability in prices while Lahore real estate market performed well in last month and its localities are showing controlled growth trend.

DHA Lahore Phases VII to IX experienced a modest rise of 0.98 percent, Bahria Town also gave positive performance and witnessed rise of 1.07 percent, while LDA Avenue I displayed rise of 2.90 percent in the 1-kanal category and 5.45 percent sharp rise for 10 Marla plots, because construction work on houses is underway in this location. Wapda Town also showed minor rise of 0.43 percent. Overall, Lahore real estate market went with reporting no decline.

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Real Estate DHA Lahore – Investor Attraction

Do you really want to invest in real estate in Pakistan? Well, for this purpose, most likely you have to choose a city to invest your assets. Give us a chance to help you in such manner. The city perfect and wonderful, with the end goal of putting assets in real estate, is none other than the spectacular city of Lahore. However, while talking about Lahore, you can't overlook DHA. DHA Lahore is one of the best and luxurious housing societies of Pakistan to live your fantasy life. There are several reasons why DHA Lahore is best area to invest in real estate; let’s have a look on few of them.

Peaceful and Luxury Area:

Law and order is the main thing a speculator searches for while choosing the city of venture. A perfect law and order circumstance guarantees wellbeing to the life of financial specialist furthermore gives a good forecast about the benefit of the speculation. In spite of a few issues of lawfulness in nation, DHA Lahore is an exceptionally serene and quiet zone, with no danger of terrorism or other peace issues. The powers of the DHA have figured out how to guarantee a peaceful, comfortable and quiet environment, to guarantee that there are no issues in regards to lawfulness and individuals can live a normal life free of any fear. So don't stress over the lawfulness issue as DHA Lahore is one of the quiet and peaceful regions of the Lahore.

An Impeccable Housing Society:

Talking about housing societies in Lahore, you can't deny from the fact that Real Estate DHA Lahore is an astonishing lodging society to live in. You can appreciate each and every solaces and sumptuousness of life inside of your living sector in DHA. Whether, it's about shopping centers, fitness club, hostels or restaurants, parks, educational institutes, hospitals; each and everything is available in DHA for their residents.

Suitability for businessmen and Landlords:

No doubt, Lahore is the heart of Pakistan. In fact, Lahore is the second biggest commercial hub of Pakistan and this welcomes many individuals in the city. Lahore city has mammoth business volume, which envelops various business sorts like Entertainment, Textile, Fashion, Food, Automobiles, Infrastructure and obviously, Real Estate. The individuals who are associated with such organizations, like to live in DHALahore, as compared to other local urban communities. These actualities make a lot of golden opportunities for the real estate investors as rents turn out to be a general wellspring of salary for the speculators. The landowners of the villages have begun to move to DHA Lahore inferable from the way that their organizations have spread in Lahore and their kids are considering in premium foundations of Lahore. Proprietors certainly want to stay in immense bungalows in head lodging societies and this makes venture open doors for the land speculators. Every one of the reasons set above suitably demonstrates DHA Lahore as an ideal and safe investment chance for the real estate specialist.

Why You Should Rent a Home Instead of Buying In DHA Lahore

Buying property in DHA Lahore can yield big money returns for investors.  There are many options to buy. Land is available for development. Commercial ventures are high and continue to grow. Home ownership is another option many people look into. DHA Lahore has some of the most desired properties on the market. Everyone from high powered military personnel to overseas investors bought homes in DHA Lahore.  However for the potential homeowner there may be more costs involved than just a purchase price. While there are homes geared at lower income individuals, it is not always feasible for those people to buy. So it sometimes becomes a question of whether or not to buy or to rent first.

Before the decision is made to buy there are a few areas to look at if a buyer doesn’t have a large income at their disposal for investing.

Review Property Prices:

Home prices can vary no matter what area you are living in or looking to buy in.  Lahore has a vast range of home available for purchase.  The more desired areas will have higher prices. The homes will be of various sizes and designs as well.  Even locations where homes are yet to be built can come with large price tags. There are costs associated with development that often get mixed into the total costs of some homes. Depending on your income levels or available cash flows, some home purchases may be out of the question.  You need to review all prices (DHA property rates) carefully before you buy anything. Be sure there are no hidden costs that can raise the prices even higher later on.  For those looking to move into certain urban areas and are cashed locked, it may be better to rent a home first until they can afford a home.

Consider Maintenance Charges:

A benefit of renting a home is that maintenance issues are covered by the owner or manager. You do not pay for anything that may potentially break and require repair.  However as a home owner that option is not there.  A homeowner is required to pay for everything that breaks. The costs can add to an already high mortgage note.  Extra costs such as utility bills, repairs, yearly maintenance upkeep and insurance fees can be excessive. So before you own a home, it is best to consider what these extra fees could be.  It is better to estimate these costs first. Then you can factor them into the total of what you would pay overall for a home. 

Property Taxes:

No one likes to pay property taxes. In some areas property taxes can be very high.  A homeowner will have to cover these charges on a yearly or semi yearly basis. This is another financial factor that needs to be considered before buying a home. As a renter you won’t have to worry about this issue as well.  Like maintenance fees, this falls onto the owner or manager of the property.

Flexibility in Renting:

Homeowners usually purchase their homes as long term investments. Some families will go so far as to keep a home in the family and hand it down from one generation to another.  But sometimes life changes such as job changing, increase in family size or a reduction can happen any time.  You may need to move from one place to another. So you either need to sell your home or rent it out if applicable.   This is not an easy process either way.  Depending on the real estate market, selling a home can take a long time.  Meanwhile you may still be liable for taxes and mortgages if it is not paid off fully when you leave.  Renting a home can bring in extra income for you as well as cover mortgage payments. However you would need to look at extra costs such as maintenance and service. You would be responsible for fixing something your tenant needs help with.  If a pipe breaks, then you must fix it.

As a home renter, you don’t need to worry about being stuck with a home you no longer need or paying extra costs.  You simply notify your home owner when you need to leave and then move out.   You are not tied financially to the home.  If you cannot afford the extra costs then it is best to rent first. Younger generations use this reasoning when first moving into a home. Unlike older individuals younger people are prone to move around several times before they settle permanently. 

Pakistan Ranked As Second Top Investor In UAE

Pakistan has been ranked among top three non-Arab foreign investors in United Arab Emirates (UAE). A leading property builder associated with Association of Builders and Developers (ABAD) informed that Pakistanis invested Dh30.64 billion in the real estate market of Dubai in the past five years. Pakistanis’ big investment in UAE resulted in increase of remittances received from UAE by 9.4 percent to $2.1 billion on year-on-year basis. According to the State Bank of Pakistan, UAE is the major remittance-sending country to Pakistan in 2014-2015 as it recorded the largest increase by 26.1 percent and Pakistan received $4.1 billion from overseas Pakistanis in UAE.

ABAD reported that positive investment trend was seen in Pakistan not only in big cities of country (Lahore, Islamabad and Karachi) but also in developing industrial towns like Sialkot, Hyderabad, Faisalabad and Gujranwala. As security situation has been improved in Pakistan after the military operation against terrorists, overseas Pakistanis took interest in making investment in real estate sector of Pakistan. However, Pakistani emigrants in the UAE and Gulf regions in large numbers are preferably making investment in Dubai as it returns good rental product.

Although the real estate industry of Pakistan has improved a lot basically due to investments made by overseas Pakistanis, the trend of investment in Dubai is said to be continued because it gives a healthy output. According to the real estate experts, this trend is in favor of Pakistan as more investment in Dubai will add extra income to overseas Pakistanis which will later return to Pakistan in the form of remittances. So the money will indirectly come to Pakistan at the end and will help the current account balance of Pakistan. For this reason, such investments by overseas Pakistanis should be appreciated as they are in the favor of Pakistan by other means. Read more : Link

Home Buying Tips for First Time Buyers

Home buying can be a daunting and stress inducing process. Potential buyers go through a myriad of emotions when even considering a new home. There is a lot you need to know before you purchase a home. So you want to proceed with caution before you make any long term decisions regarding home buying. Here are a few tips that can help make the experience a whole lot better.

Tip #1 Find the right price range

While dreams of having a big home with a pool and spa may be enticing, they may not be very realistic when it comes to the price tag. You need to take a hard look at your personal finances before buying a home. Home prices fluctuate at a constant rate. The real estate market can be very volatile during certain periods. Fluctuating interest rates may affect what you can afford. So realistically look at every dollar you spend and how you spend it. Just because a bank can finance you at a certain rate or amount doesn’t necessarily mean that is how much you can afford.

The first step is to note down how much income you bring home monthly. Then take into account everything you spend your money on. Besides the basics like rent, transportation and utilities, you may have extra bills such as credit card payments, personal loans and education expenses. In addition you need to look at any extras you spend on such as entertainment and shopping. Once you total it all up you can get an idea of what you are able to spend on a monthly home payment.

Tip #2 Obtaining financial pre-approval

Getting a financial pre-approval is very important. You should look at several different lenders before deciding on one. All lenders have different qualifications and can make you various offers. So carefully review each one then obtain your approval. It is better to get your pre-approval before you go out and start trying to negotiate an offer with a home seller. Your pre-approval letter will give you some leverage to work with when it comes to negotiations. Before you get a pre-approval you will need to get pre-qualified first by a lender. This is basically the lender taking a look at your financial status to see what can be done for you.

Read more tips from : Saiban Blog: Home Buying Tips

LDA City Plot Buying Tips for Time Buyers

LDA City in Lahore is deemed to be the biggest and most affordable area for real estate investment. The prices come with payment plans and there is much to choose from.  This is the largest endeavor in Lahore.  Its aims are to provide a healthy lifestyle of living.  Besides have a large home development scheme, there will also be a wide commercial area as well. The hope is to cater to high rise home owners and bring in much commercial development as well from investors. The commercial develop will give a boost to the daily economics of the city.

As with any other property type, there are many issues to be concerned with before you purchase a plot of land.  LDA City plots are somewhat similar to other developments in that investing will bring you a decent ROI in the futures.   As you are looking at plots and trying to decide on where you want it, please keep in mind these issues.

Tip #1 Know the pros and cons of buying in LDA City

LDA City has been touted as the new place to place your money.  It is the largest property development in the city.  Like other Lahore cities it is deemed to be very safe due to new laws and enforcement.  Just about anyone with money will be able to purchase plots.  It is deemed a lifestyle community and promises to give out high end returns.  On the flip side much of the development is no where near being completed. In fact much of the property for sale has not even broke ground and will not break ground for many years to come. Currently there are very few urban developers actually working on deals.  You might buy a plot now but will have to wait several years before you can see and return on investment.   Depending on how much money you are willing to spend you may get a better deal in DHA instead.

Tip #2 Consider the whole reason behind buying a plot.

Depending on your long term goals there are several plot types you can buy.  LDA City will be developed to offer its investors a wide range of places to put their money in.  Large scale plots of housing are the main development.  There will be many options to choose from depending on your income level.  LDA City hopes to attract those with lower incomes into investing some money in land.  Even middle income people will have some great options.  For those looking to the commercial market, there will be many avenues for that. The plan is to add in much needed retail stores to bring the economy up.  Other commercial type offices will be made for businesses.  These will provide a little more return on investment.  So whatever you want to buy with your money there will be an option available in LDA City.

Tip #3 What local features or amenities will you require.

The LDA housing scheme will offer an all inclusive living plan for its investors. The goal is to make it a state of the art housing society.  Homes will be available in many different options from basic homes to high end high rise apartment homes.  The local facilities will include well-planned road networks, water treatment plants, shopping centers, city parks, lush green landscapes, medical facilities, various schooling, colleges, local community centers, sport clubs and recreational facilities such as Joy-Land and Mini Zoo, various man made lakes and much more.  All these facilities will be fully modern and technologically advanced to meet community needs.

Tip 4 Know the available plot costs

Plot costs can vary from location to location.  So it is wise to know what is out there on the market.  LDA City will have the following options available for purchase:

·         5 Marla Residential Plot

·         10 Marla Residential Plot

·         1 Kanal Residential Plot

·         2 Kanal Residential Plot

The costs of each plot breaks down as follows:

·         2 Kanal : Rs. 6,500,000

·         1 Kanal : Rs. 3,490,000

·         10 Marla : Rs. 1,990,000

·         5 Marla : Rs. 1,390,000

LDA City has mapped out a full budget and payment plan for these plots. The goal is to make a plot as affordable as possible to attract in the investors. Property has been priced to meet the needs of the very wealthy down the those in lower incomes.

Tip #5 What will be your source of financing?

When you decide to purchase a plot you need to be able to pay for it.  Not everything can be financed through a bank for instance 2 Kanal Plots have to be purchased with cash. For some people this is not a problem as they have savings available to them or can get the money from family as well.  Other people may need some financial assistance for their plot purchase.  It is vital before you even consider a plot purchase that you know where your funding will come from.  If you need a loan there are several bank options available. 

Tip #6 Beware of plot sales that are taking too long

Unlike other properties in Lahore such as the DHA communities, LDA City has been plagued by a lack of direct action. Ground breaking is slow is many areas as there are not a lot of developers working on it. A full fledged marketing campaign has been launched for advertising. However it is not bringing in substantial investments as of yet. Even bidding on files has taken a long time. 

Tip #7 Have an alternative plan for buying a plot

If all does not go well with your plot purchase you should be able to back out of a sale and choose another plot elsewhere.  There is always to possibility that something can go wrong. With the ground breaking delays LDA City has, some people are looking to invest in other locations such as with DHA Lahore communities instead. So there are options available you just need to keep your eyes open and beware that something could change at any time.

DHA Lahore Investment Advice – 2016

Property in DHA Lahore for Sale, Purchase or Rent

The plot prices in DHA Lahore varies from phase to phase. However, the average rates are detailed below:

One Kanal Bungalow price in DHA starts from Rs 17,500,000 and goes till 70,000,000. The average price of five Marla newly built house is Rs 1.8 crore to Rs 2 crore and ten Marla is Rs 2 crore to 2.5 crore. Average price for two Kanal house fluctuates between Rs 18,500,000 and Rs 35,000,000. And if you desires to buy fully furnished house in DHA then you should have twelve crore rupees in your pocket.

One Kanal residential plot price ranges from 62 lac to 2 crore. You can buy five Marla plot in price varying between 22 lac and 54 lac. Commercial plot prices diverges from 2.2 crore to 6 crore for 4 Marla and from seven crore to ten crore for 8marla.

The rental charges in DHA are also very high. You can get one portion of 1 Kanal house in DHA for rent between Rs 37,000 and 275,000. Two Canal fully furnished house costs around two lac per month. You may get full five Marla house for 40 to 48 thousand rupees per month.

Highest property prices depicts the quality of area. Rapid development is taking place in its new phases. It is no doubt great place to live. Another quality of DHA is that it is connected to Lahore Ring Road that is heart of Lahore. Ring Road connects the main areas of the city so DHA location near Ring Road has increased worth of the area. DHA Phase 5 is best if you want to buy a house.  And if you are looking for plots to invest, then you should consider the newly launched Phases 7, 8, 9. Finding plots in Phase 1, 2, 3 have become difficult and if found, they are highly expensive. The property rates in Phase IV and V are also following Phase 1, 2 and 3. The phase 6, 7 and 9 are under development and viewed as best option for investment as rate of properties is low there. Moreover, the newly launched phases are better than old phases in terms of facilities and infrastructure quality.

DHA Phase 6 is said to be a Master Planned Phase of DHA Lahore. It has best park facilities and best schools including Lahore Garrison University, St. Marry School, Sicas Main Campus and Beaconhouse-Newlands. Hospitals located in Phase 6 includes Sharif Hospital, Vitality Healthcare Skin and Laser Center. source:  DHA city Housing Scheme

List of housing schemes offering plots on installments in Lahore

Lahore, the second largest area in Pakistan and 16th most populous city in the world, is capital of Punjab province. It has an area of 1,772 km² and population of 7.566 million according to the Pakistan Demographics Profile 2014. Lahore is the famous historical city of Pakistan as it has many important historical buildings. It is the home of tourist attractions and famous top ranked educational institutions of country.

The population of Lahore is increasingly rapidly due to growing trend of urbanization. People from rural areas are coming in large number in the search of education, modern health facilities, better living standard and good jobs. This new entry in the city has created residence issues.

Many housing schemes are established in the city which are providing plots to people on affordable prices. Most of the housing schemes are offering plots to its clients on easy installments in Lahore. Down payment policy varies from society to society. Plot’s size decides the installment amount and after completion of installments, one gets possession of plot in that particular society.

List of Plots: LINK

Top 10 Registered Property Dealers in Defence Lahore

Following are the top ten registered Real Estate agents in the city:

 Sunshine Associates

Sunshine Associates is leading Real Estate consultant agency in Defence, Lahore. This agency deals with buying and selling real estate in the city.

Bukhari Estate

Bukhari Estate is one of the top real estate agencies in Lahore and deals with all societies in the city. They provides best consultancy according to one’s real estate requirements. They deals with all kinds of residential and commercial properties in the city.

Jinnah Estate

Jinnah Estate is considered as one of the prominent real estate agency in Lahore and deals with all kinds of properties in the city, either commercial or residential. His owner Mr. Shafiq Chugtai aims to provide valuable services to its customer and work for their benefits.

Attari Associates Real Estate

Attari Estates owned by Abbas Ali Attari make dealings for selling, buying or renting properties. The agency deals with both commercial and residential properties in the city and aims to provide benefits to investors.

Shahbaz Estate

One of the registered Real Estate Agency in DHA Lahore is Shahbaz Estate that deals with buying and selling real estate properties for commercial and residential sector. Shahbaz Estate aims to provide the most profitable deal to its customers and deals with all societies in the city.

Saiban Properties

Saiban Properties is getting famous for quality dealing as it provides the best opportunity for buying or selling property in commercial and residential sector in Lahore. They deal with fair property and proceeds as per buyer/seller requirements and makes sales & purchase of plots, offices and houses very easy and smooth. Saiban Properties make sure that every customer gets the best deal in the market.

Get complete information from Saiban Blog: LINK

5 Marla, 10 Marla, 1 kanal luxurious house pictures

EOBI suffers loss of Rs 1.559 billion at hands of Aleem Khan

EoBI-Employees Old-age Benefits Institution suffered a loss of Rs 1.559 billion after bought a land from member of Pakistan Tehreek-e-Insaaf (PTI) for Rs 2.6 billion but the market value of the land is said to be not more than Rs 1.401 billion. This mega corruption scandal was presented in the Supreme Court and documents were provided about the land located at Multan Road, Lahore sold by PTI’s Aleem Khan. He, however, said that he is ready to return the rest of amount. Aleem Khan offered to submit Rs 600 million upfront and rest amount on the return of land.

The land involved in mega corruption scandal consists of 742 residential plots and 226 commercial plots of four Marla each. EOBI had purchased this land from M/S Vision Developer (Pvt) Ltd for Rs 2600 million. Chief Financial Officer, Company Secretary Imran Anwar facilitated this contract of EBOI with two directors of company named Abdul Aleem Khan S/O Abdul Rahim Khan and Mst. Nasim Khan Widow of Abdul Raheem Khan.
LDA has warned people to stay away from the illegal properties after it received multiple complaints regarding launch of illegal housing schemes. However, no progress has been recorded yet. Although LDA have directed people to get their project approved first by LDA, but no significant impact it had. FIA presented report against housing schemes launched on this controversial land. LDA rejected the revised plan of said housing schemes in Phase II and has not approved this scheme. Read original LINK