By Capt Shahnawaz Posted in Monthly Market Analysis, Real Estate Market Analysis MRA – October 2017 DHA Lahore Property Market Report
Notice : MRA (Monthly Real Estate Analysis) – October 2017 DHA Lahore Property Market Report is a general guideline and does not cover all aspects of the market. The real estate trends vary even within blocks of the same phase and for a layman it gets very complicated and confusing. You can now download our APP from Google store and read latest news and developments or book an appointment for consultancy.
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Present Market Condition
We took a big step and shared exclusively with you the 6 places i believe we should not invest for the time being. Real estate is a very challenging and volatile thing and the present market clearly is very complicated. There is a lot of information available online now and different opinions. I personally feel that if you wish to invest in real estate it should be risk free. Therefore our choice is to invest in areas where your money is 100 % safe and will give your good returns sooner or later. Next couple of months may be very good for buying real estate at low prices and give you various opportunities to make a good investment. The trick is to wait for it and do not hurry, come over and discuss your requirements with us in detail and make a kill at the right time. A few clients make a fatal mistake of engaging more than one real estate agent and end up in a situation where they are fed with so much false information that it makes them all confused and draws them to make a bad choice.
Remember if you are a buyer you have an upper hand in this market. I always suggest to any one who comes to me to select one consultant who they feel are worthy of their trust and let them help with the purchase. Running around for better deal to various agencies usually end up in more harm than good.
Lets have a look at each sector of DHA Lahore one by one:
DHA Phase 1 to 5
Generally good for buying a house or a plot for your own home. M block may sound good for investment but i believe genuine buyers will prefer Phase 6 over M Ext so even if it shows some improvement because of market hype it will ultimately not be a huge gainer so better is to avoid investing in it.
DHA Phase 6
DHA Lahore Phase 6 continues to attract genuine buyers and the only sector which has gained 3 to 4 Million in the last year. 2 Kanal plots in E Block are a good option for investment as the prices are relatively good. There are various pockets in E , F , K , C. L and D block where you can still find a 1 Kanal plot in less than 2 crores.
10 Marla plots in D & L block of Phase 6 offer room for growth and are available at 135 to 150 Lacs. 7 Marla plots are also available in D Block and will also offer you a good return on your investment.
Prices of MB Commercials and CCA 2 have reached the top for now and will continue to trade in the same ranges.
a. Buy residential plots in DHA Lahore phase 6 if available at a lower price than the market. That will pay you off in a few months.
b. Good opportunity to buy commercial on Main MB in front of N and L Blocks of Phase 6 and P block of Phase 7 if the prices take a drop.
DHA Phase 7
DHA Lahore Phase 7 is showing some nice patterns, while R, S, T, Q and P block remain in demand followed by U block, other blocks such as W, Y and Z1 are showing a lack of resale for now. I think it is because of lack of construction of new houses in these blocks as genuine buyers tend to prefer those areas which are already livable.
5 Marla residential files of Phase 7 are available as well at a price range of 36 lacs and offer a good investment opportunity.
You can watch a video update of DHA Lahore Phase 7 on our website as well.
Same as last month
a. If you have limited budget buy a plot in Phase 7 to make a house.
b. I am not in favor of commercial investment in Phase 7 and my over all sentiment is very bearish but buying 4 Marla commercials files in DHA Phase 7 on dips towards 230 to 235 Lacs is a good strategy for short-term trade.
c. Buying 5 Marla plot in 45 to 46 Lacs or file in 37 Lacs is a good investment if you are looking for small investment opportunities.
DHA Phase 8
We have recently uploaded a video showing development and construction of houses in DHA Lahore Phase 8. The prices in Phase 8 are also going down as genuine buyers take over from investors. I believe it is a good time to make an investment here specially in U and V blocks.
The work has started on the business hub in Phase 8 and will surely help the Broadway commercial activity in near future.
Broadway commercial is one of the best genuine investments you can make today. It is a developed commercial zone which should be one of your best bets when it comes to genuine growth and development. The prices have remain stable in September and will remain so in October. a good opportunity to find a good plot before it starts moving up as the commercial activity starts to develop here in next couple of years. 8 Marla B and C block plots located around parking or the back of main road are the best options for investment as of now. Read all you need to know about Broadway commercial investment in focus in our latest article.
Ex Park view of Phase 8 is a great option for genuine buyers and the prices are still my favorite for a 2 Kanal plot. Reasonably good plot is available in almost 400 lacs and i believe it is the best area in entire DHA Lahore to buy a 2 Kanal plot in this price.
4 Marla commercial files of Ex Park View The prices of 4 Marla files have been very volatile. While Malikpur has been in demand the prices of Shivpur file plummeted to as low as 250 Lacs in September. Presently it is hard to find a Malikpur file and there are quite a few Shivpur files and i have a feeling that the price gap between the two may increase.
Z Ivy green is undergoing speedy development however i do not recommend investing in it at this moment
a. We strongly recommend to buy residential plots on dips for investment or if you wish to make your own house. or buy 10 and 5 Marla plots in Y block.
b. Buy 4 Marla Shivpur or Malikpur files in Phase 8 Ex Park View anywhere between 250 to 280 Lacs.
c. We will now recommend you to buy 4 Marla commercial between 400 to 500 Lacs and 8 Marla between 750 to 950 Lacs in good areas of Broadway.
DHA Phase 9 Town
As predicted in September the sales in 9 Town are picking up. There will be no insane rise in prices though as there is a huge number of plots available for sale.
I do not recommend investing in E block commercial in 9 Town as of now so lets wait for a better opportunity.
a. Residential plots are surely a buy for mid-term and long-term investment and enjoy a million or more in one year on just an investment of 5.5 Million.
DHA Phase 9 Prism
Our opinion about 9 Prism is similar to last month. It is a good investment if you want to hold till possession, however it will not reap any benefits in short-term. Wait for a dip before you purchase any thing here unless you are a long-term player.
Commercial prices are already very high in 9 Prism and are totally inflated, we do not recommend buying commercials in the present prices. Instead you can select from options below for commercial investment.
- Broadway Phase 8
- MB Phase 6
- Commercial files of Park View Phase 8 , Phase 7 , Rahber and 9 Town.
- CCA 1 & 2 of Phase 6
a. Sell residential and Sell Commercial plots if the prices go higher than 15%.
B. We only recommend buying for short-term trades.
DHA Phase 10
A lot of fake buying activity for Phase 10 files is seen in the market in March in order to stabilize the prices. I will be patient and wait till it comes near 50 Lac to make any investment.
a. It is better to wait a bit more before investing in Phase 10 files. The prices are going down from now on and i think best is to buy them if they reach 50 Lac.
DHA Phase 11 Rahber
No news of Balloting so far but the prices have not suffered. If it does not happen again in October the prices of both residential and commercial files in Phase 2 Ext may suffer a bit but i really doubt it. I think DHA is ready for balloting and it is just a matter of time. Fingers crossed lets all wait for some good news.
If balloting happens we are very sure that the plot prices will go higher. We are expecting residential plot prices of 5 Marla plots to start from 35 Lacs till 40 lacs after balloting. 4 Marla Commercial plot price will be between 250 Lacs to 300 Lacs after balloting.
a. We recommend buying 4 Marla commercial at 210 to 215 Lac for a Short term investment.
b. The residential file however is trading at 31 Lac which is again not a very attractive price for investment but will certainly give you decent returns in short-term because of expected Balloting.