Real Estate in Pakistan is currently undergoing a major slump. The reason being an overall economic downfall in the country and the unstable political conditions. Properties in DHA have seen a major dip since November 2017 and the trend continues. Price Trend DHA Lahore March 2018 is a guideline to price movements seen in the month. March 2018 has seen an increase in the number of transactions, especially commercial transactions. Prices have varied from area to area. The overall market sentiment has been positive after quite a while now which is a major improvement. Phases 1, 2, 3 and 4 have stayed stable in prices. The trends seen in phase 5, 6, 7, 8, 9, 10 and 11 are discussed below:
Phase 5
Phase 5 has seen its usual increase in prices. This increase is expected for such phases with time. The commercial prices have been stable at the higher rates as set originally. The rental return is less than 0.5% in most cases which is something not favorable.
Either the prices need to come down or the rents need to increase. You can currently plan your personal office building in blocks B and D. Phase 5 M block continues to stay a safe option to invest in due to its lower rates. These lower rates are due to the dip in prices seen at the time of possession and are continuing at the same rate.
Phase 6
Prices of residential plots are stable these days in Phase 6. March has continued to maintain the previously increased prices in February 2018. A few blocks which were considered under priced have seen an increase while prices in H block, G block, E block and C block remained stable.
Commercial properties have stayed stable in prices. CCA 2 has set a new high and is being traded in those prices. MB has slowed down after a few transactions of more than 10 crores. The prices remain stable. No further transactions are taking place at higher prices. Other commercials such as CCA 1 and L block are relatively stable. Phase 6 E-Extension is on the rise with the news of possession just around the corner. Overall Phase 6 is always a good option for both residential and commercial. Prices of phase 6 do not lower down after a high.
Phase 7
Phase 7 has seen a fair bit of trade in the month of March 2018. Prices have stayed stable with no major ups and downs. Good blocks have seen better trade volume. Residential 5 marla files have remained stable while commercial plots and files are still on the low. Commercial plots have seen a better trade.
The good point is that CCA 4 and CCA 5 have seen a bit of sale, but the overall trend is low. It is a good time to buy the plot for personal residence in this low trend. The plots will see a major increase in prices in the next few months.
Phase 8
Phase 8 has been stable but with the increase in the overall trade volume. The overall increase in the trade volume in DHA ensures that the prices will go up in future. The prices are not going down any further making it the best time to purchase. It is a good sign that people understand the fact prices have hit low and a slight increase means that from here starts a journey upward.
W and T block have been investor-friendly while U block and V block are in the run for it. U and V blocks are under priced and the gap between these blocks and the lower W and T will eventually close. Y block is still witnessing very less trade which means eventually an unexpected rise is due after the wait.
Commercial plots have seen a bit of trade. The Broadway has witnessed an increase in inquiries. Deals concluded in March will see transfers in April or May. 4 Marla commercial plots in Broadway has seen a better trade volume. The prices at Broadway remain stable at the low rates. CCA 1 and CCA 2 have seen a fair amount of trade.
Ex-Park View is an ideally calm and serene living area. It has seen an increase in prices as expected. 4 marla commercial files are at their lowest which means it is a good time to invest. 1 Kanal prices are on the rise as well. The ex-park view is one of the best residential areas DHA has to offer. Though it lacks a fully functional commercial area but its adjoining areas can fulfill the need.
Ex-Air Avenue finally in the month of March 2018 has witnessed an increase in the sale of houses. This means people with budget pockets prefer living in Ex-Air Avenue. With basic stores and necessities within the community, this is a good residential option. Though the overall trade volume has been slow, on the other hand, it is a good buy as the prices are lower. The prices are not expected to rise any soon. The commercial aspect of the community needs a lot of reinforcement and has a potential for growth in buying.
Phase 8 Z block or IVY Green has seen a fair amount of trade. There is a good news is for people with commercial holdings. The main road which leads to IVY Green is under construction. Although this might not have a major impact on the prices right away the chances of giving possession sooner will increase. Considering the speedy development this is a fairly good buy and if you can hold until possession it shall give remarkable returns. Exit just before the possession to gain maximum returns. The overall price trend has remained positive.
Phase 9 Prism
Phase 9 has seen an increase in the trade volume. It is highly recommended to buy anywhere between 110-120 lacs at a good location. 1 kanal plots will eventually give hefty returns and are more liquid. 5 marla and 10 marla plots are also a good buy at this time. The price will remain stable until the year-end or increase just slightly making up for the development charge paid and a small amount in excess.
The overall trade volume has increased. People looking to construct will have to wait a little however buying right now is the correct decision. There is an inherent risk that the prices might not move with the increase in paid development charges but still worth taking the risk. Phase 9 Prism will go up and down several times until possession.
Phase 9 Town
Phase 9 Town prices are currently stable. With the increase coming to a halt this is a sound investment for now. It is a good buy for anyone looking to construct a house and put it up for sale. Phase 9 town gives similar monetary returns on the sale of houses as five marla in Phase 6 which means the profit margins are higher.
Commercial property is at their lowest which means that this is the right time for buying. No specific timeline is yet decided for development in E block. One option is buying possession plot in CCA. Investment in will give exponential returns in the long run once the development starts. E block is a longer-term game but once development starts. This might be the right buying time with at least 3 years of holding time.
Phase 10
Phase 10 is a good buy right now. You have to hold for 4-5 years for good hefty returns. Balloting will take place once the acquisition is complete. Balloting might not take place until the next 2 or 3 years. Price Trend is relatively stable with minor fluctuations
Phase 11
Phase 11 Radar and Halloki gardens have seen a slight increase in prices. The prices will continue to grow for a while before being stable. It might not give high returns. Investment only in Phase 2 extension files, residential or commercial, look feasible and are predicted to give maximum returns after 2 years. There will be a couple of opportunities to sell immediately before and after the balloting time which is expected to give good returns.
This is the overall price trend for various sectors/phases. I hope this article gives you a clear picture of ROI and profit percentages as well as where to invest, given your risk appetites and holding capacities.
