Property Investing in Pakistan

[spropert]

Hi everyone, this is my first post here. I am 26 years old.

I am introvert & freelancer, making around 400k PKR per month.

I have also started investing in property in Karachi and thinking of investing in Lahore.

For now, I have bought an apartment in Noman Residencia for 70 LACS & booked an apartment in Saima Residencia Extension (paid around 30 LACS, remaining 60 LACS to pay in instalments).

Now, I am thinking of buying a plot in Lake View Housing(?), where I am getting 5 marla for 37 lacs in 1 year instalment. Can anyone please guide me on whether to buy in this housing society or not? I saw that it's just opposite of DHA EME, so it would be a great investment.

Any tips / share your property portfolio. Any other Pakistani forums where property investment is discussed?

Thanks.

[crema]

Are you married?

[salmanshah1]

Lagta nai hai k Banda married hai

[ziaullah08]

IMO current property boom is due to extension of Tax amnesty scheme and as soon as Govt will stop extension in deadline, market will become stagnant and current prices are not considerer as ideal for buying.
If you are based on karachi, then avoid Lahore, and better to diversify your investment portfolio amongst real-estate/Gold/foreign-currency/Mutual-funds. Never put all eggs in 1 basket.

Lake City Installment options are not so fast-gainer according to my limited experience.

Since you have already invested in karachi real-estate, so either retain your remaining capital in foreign-currency or in the form of Gold because Mutual-funds (stock market) is also volatile.

[capsat]

in Pakistan property is at no. 2 under crime of scamming & financial frauds.

Top slot is still occupied by Politics.