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I bought 5 marla residential file in phase 9 town last year for around 37 lac. Haven’t heard about it’s balloting afterwards. What is the current price of 5 marla files if i need to sekl it and when is the balloting ecpected? What u suggest if i sell it or hold it,?

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Dear Khizar,

It is good that you have purchased it at a good price , the present price is 42 Lacs even in the market slump. Balloting is expected soon but i doubt there is a big gain in it . I do believe 9 town has potential to go up but the market reality remains that it is not blossoming any time soon.

House construction is very slow and  genuine buyers are not yet willing to locate to 9 town but that might change as soon after a  few houses are constructed . You can keep it and wait or sell it out now. I am 50-50 for both options.

Jazak Allah

 

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Dear sir,

A 9 town file at the price you purchased is excellent. On the other hand as the price is now on the higher side I would advise you to sell. One factor that should be incorporated are the development charges that you’d have to pay once balloted. The price overall have dipped and you can get a plot for 44-50 lacs depending on the location.

Considering all the factors you have a risk of losing the profits that you have gained. If the balloted plot is not at a good location it would mean we might have to sell it at a price of 42 lacs even that might incur a loss of up to 4 lacs. Selling would be the best option as of now.

Warm regards,

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Thanks for the feedback Umer. What price i can sell the file currently? When is the balloting expected? What are the other alternative good investment opportunities?

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