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AOA,

I had plans to buy a 10 marla plot in DHA phase 9 prism, around mid next year, as I thought I would have enough funds by that time. The idea was to buy the plot but only construct a house as & when Phase 9 is liveable, for rental income.

Due to the recent hike in prices, I’m in two minds now. At the moment I have enough funds for a 5 marla plot, so was wondering whether I should stick to the original plan or go for a 5 marla plot right now instead (out of fear that prices would be too high by mid next year if they kept going up at the same rate)

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Hello Mr Rehmank

Had I been at your place ,would never wait for the next year looking towards buying a 10 marla just because of insufficient funds. i think this is the right time to buy a 5 marla plot in the said phase and keep it handy because in IMLAAK we say “DONT WAIT TO BUY LAND , BUY LAND AND WAIT”

By the Mid of next year ,you yourself would be having enough funds and at the same time your plot would have achieved a good price hike so it would make a good combo and then you would be in a better position of buying a 10 marla plot in phase 9 prism.

For any further queries please feel free to contact.

Regards,
Captain Aitizaz Bajwa
Cell # 0321-4488872

    • Guest
    • 4 years ago
    Thanks a lot for your response and advise. Which Phase 9 prism block would you recommend for a 5 marla plot with a budget of 5 to 5.5 million?
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Just dont be fool asking to these people and use your mind. They ll not compensate your in year time or won’t advice something that is not in their interest. Hike in property is always for short period of time and downfall is for far longer. Wait till december once out come FATF is clear.

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Dear Ali,

Things are not as simple, the prices in 9 Prism are independent of the govt amnesty as it does not fall under the scheme. It is seeing the price rise due to possession expectations. I do agree with you that prices may not rise very high but that is true for almost ever place else, I am writing a piece on plots, you should read that.

Jazak Allah

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