Dear Knk,

Allah has been kind to us to make good calls and judgments regarding real estate. To offer you the best we restrict ourselves to a specialized market and it has worked well so far. Phase 7 will always remain the underdog and you should be careful when investing in it. It is a good phase to trade but you require a clear market understanding.

Now that you are stuck , my best bet will be to get out of it and buy a 4 Marla commercial file of 9 Town . I have reasons to believe that 9 Town 4 marla file which has come down to 25 Million from 37 Million has a better chance of recovery than Phase 7 file.

The second option for you is to wait and hold for the ballot or prices to go up to your buying levels and sell it off.

Let us know what you plan to do and we will try to help you get out of this mess.

Jazak Allah

Dear sir,

We would’ve never advised you to buy at such a price. The price now stands at 235 lacs which is good. I would advise reinvesting in Phase 8 1 kanal plot as the possession is around the corner. It would easily cover our losses and we have an opportunity that we might gain something out of it as well. 3 million however, is not a small amount but Phase 7 has always been a riskier investment because of the compromised location. It would’ve been better to buy a plot at that time and that too in Phase 6 as it is a mature commodity.

In terms of invest it was never a buyin period. It was only advisable to sell. However, as the prices overall have dipped now if we convert our investment it could be covered in our purchasing price as more lucrative opportunities float the market.

warm regards,