What is own and how to deal with it wisely? When a buyer books a plot in a society, with time or higher demand on the location attracts more investors to book the same plot by buying the file at higher prices. The number of buyers increases when the inventory of the plots is shorter leading to an increase in the “own” value of plots. The additional prices on the file are called their own. In other words, own is the inflated amount that a file holder charges when transferring the file to the new investors.
So what is the right time to let the plot go in Urban City Lahore? In the Oasis Block, the town reaches 1.2 million rupees. Who is responsible for creating such a high value? Do you see the same own trends in the City Venture Block of Urban City Lahore? These are the basic questions that we will address in the blog to give you a clear picture of on-ground reality in the various blocks of Urban City Lahore. Stay with us.
Any questions, contact us on WhatsApp for prompt response.
Is Own Legal?
Own is nothing more than the supply/demand principle in real estate. When supply increases, the value of real estate decreases or vice versa. You can understand the legality of own by an example like if a society launches 1000 plots and distributes them between vendors. If vendors hold the plots and create the hype about shortages of inventory that transforms into a panic. In this case, own created on the value of the plot is illegal.
When vendors do the due process of distribution of plots fairly, it’s natural the own value of the remaining inventory will be higher. As a file holder or vendor, you can get the benefit of the higher prices and sell your file to earn profit in the given scenario.
Will Own Sustain in Urban City Lahore?
The 12 Lac rupee own was created in the Oasis Block of Urban City Lahore. As a real estate agent, when these own values are analyzed, it’s not justifiable. The Oasis Block is not the frontal location of Urban City Lahore, it is located at the back. The own value was created by the vendors due to generating hype.
In the City Venture Block of Urban City Lahore, the same trends may be seen due to rumors or misleading information. When you buy commercial plots in City Venture Block, they will never face Main Boulevard GT Road. The plots will be commercial but their location will be relevant to society planning.
What is the Right Mindset to Earn a Higher Return on Investment?
Proceeding your investment till possession is the more secure and organic way to earn a higher return on investment. It can be possible when you hold your property for at least 4 years. Your profit value will be higher when you sell it on its final base value.
Payment Plan of 4 Marla Plots in Urban City Lahore:
You can book 4 Marla premium commercial plots in Urban City Lahore. They will cost you around 60 Lac without development charges which will be around 10 Lac. The down payment for the plot is 8,95,000 rupees with a monthly installment for 42 months.
Invest with CDB Properties to Secure Lucrative Real Estate
Urban City Lahore is the joint venture of Al Hafeez Developers & Al Rehman Developers on the Main G.T Road Lahore near Kala Shah Kaku. The area is a hub of societies like Green Valley Lahore, Adams Housing Society, Iqbal Garden Lahore, SA Garden, Basit Town Lahore, and more. There prestigious institutes like UET, GC University, and UHS are closer to the Urban City.
Get the best commercial or residential plots and advice from CDB Properties to earn a high return on investment from your base value rather than short term gains of your own money only. Contact CDB Properties to know more.
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