Dear Imlaak,
In your article for DHA monthly report saw your video regarding building a house in Ph 7 where you advise not to spend all your money to buy a house, In that particular video you were talking about a kanal house, does it also apply to 5 marla house? As we are paying almost 50k rent in DHA, I was planning to build a 5 marla house(with some saving and loan) and shift there to save rental money, Please advise
Regards
- Awais asked 5 years ago
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Dear Mr.Awais,
Lets suppose if you have savings of pkr 15 million in your hand, which is the average cost of 5 marla house in DHA Lahore.In this way you can save 50K rent amount which is 6 lacs/year, however if you invest this 15 million in the potential projects then you can earn much more then 6 lacs/year.As an example DHA multan 1 kanal file is available at around 45.50 lacs today plus around 2 lacs transfer charges, it will cost you in 47.50 lacs. You can easily buy 3 files of DHA Multan in 15 million, its balloting will be held in this year and you can easily earn at least pkr 1 million against each file of DHA Multan in 1 year and your profit against pkr 15 million investment will be minimum 3 million which is way higher then 6 lacs per year rental income.
Please feel free to contact us for more details
Saim Qureshi
0321-4224878
- Guest answered 5 years ago
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