Notice : MRA (Monthly Real Estate Analysis) – August 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 however attend our real estate briefing and discussion sessions held every Friday 7 to 8 Pm to answer your queries in person .
Our discussion forum is always open for real estate related questions and answers.
The real estate market of DHA Lahore has been sailing smoothly for the past couple of months. It seems that the prices have settled down and the negative sentiment is dying. However it will still take some time before a positive upwards sentiment builds and in real estate terms it may be a year or two before such a thing happens. Presently it is a market which responds only to genuine growth and clientele. Developed sectors such as Phase 6 keep leading the charge in this type of market. In August and September however we believe that the expat influx will play a huge role and the market will stabilize further.
One big thing which may happen is the balloting of DHA Rahber Phase 11 Phase 2 Ext. We may see quite a lot of activity in commercial and residential files here in August.
It is very clear that in August we will see a larger number of sale and purchase in DHA Lahore as compared to previous months. The prices will however not shoot up but sellers will be able to fetch better prices than previous months. Lets have a look at each sector of DHA Lahore one by one:
Generally good for buying a house or a plot for your own home. It does not offer any short term gains in property prices at this moment. M block Phase 5 commercial balloting has been done in July and the prices are now settled. The construction on the under pass connecting Phase 5 and M Block ext is going speedily and is expected to be completed in next few months.
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.
Another good investment can be 10 Marla plots in D & L block of Phase 6 which are available at 135 to 150 Lacs. I do believe that there is a room of growth in Phase 6 in selected sectors both in commercial and residential properties.
Development of CCA 2 of Phase 6 is being done with speed and it should be ready in next few months hopefully.
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 Lahore Phase 7 prices are stable and in a higher zone as we suggested last month they will not go any higher this month as well.
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. 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.
Recent months have seen DHA Lahore Phase 8 residential plots prices going down. The prices in Phase 8 are now attracting investors and genuine buyers. The prices of U and V block are specially very attractive and the location of certain areas is as good as W and T block of Phase 8.
The work has started on the business hub in Phase 8 and will surely help the Broadway commercial activity in near future.
Broadway commercial prices will remain stable . 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 took a dip of a Million in July and i believe that they keep offering great buying opportunities. If you are interested in getting a commercial in as low as 250 to 260 Lacs than nothing beats these 4 Marla commercial.
Z Ivy green is undergoing speedy development, however the prices hare not gaining any upward momentum for now.
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 260 to 280 Lacs.
c. We will only 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.
9 Town remains an investment which will reap fruits in long run. It is the best place to build your own 5 marla house in just under 90 Lacs.
Commercial plots in E Block are available after balloting and the demands are between 350 to 400 Lacs depending on there location. However the sale and purchase is slow at the moment and we definitely suggest that you buy in Boroadway commercial in these prices or even if you like this area, pool up a bit more and buy a 4 Marla plot in CCA 2.
a. Surely a buy for mid term trade and enjoy a million or more in one year on just an investment of 5.5 Million.
b. Now is the time to find a good plot in 9 Town 4 Marla commercial in 350 Lacs or below and hold it for long term.
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.
a. Sell residential and Sell Commercial plots if the prices go higher than 15%.
B. We only recommend buying for short-term trades.
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 Lacs 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 Lacs.
August may see the balloting of DHA Rahber Phase 2 Ext , residential and commercial files. The rumors of balloting have not really lifted the prices of files any higher than what they were last year as well. However balloting will change that for good .
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 Lacs for a Short term investment.
b. The residential file however is trading at 31 Lacs which is again not a very attractive price for investment but will certainly give you decent returns in short term because of expected Balloting.
USE OUR DISCUSSION FORUM IF YOU HAVE A QUESTION AS WE CAN ANSWER IN DETAIL AND OTHER MEMBERS CAN ALSO POST THERE OPINION FOR A FRUITFUL DISCUSSION.
Captain (Retd) Shahnawaz Yaqub Bhatti
Investment Consultant and CEO at Imlaak
Mob : +92 333 1717170 ( Whatsapp)
Dear Sir,
What you will say regarding phase 8 u block.? as prices came down in last few months. now whats ur kind views on phase 8 marekt specially u block? how u see market after 1 to 1.5 year from here of phase 8 residential side.
Prices are going to remain on the lower side for some time , but house construction has begun in Phase 8 proper so things can change dramatically in a year or so.
Hi, hope you are well. May I please know when will the possession take place for DHA Phase 9 Prism. I am thinking of selling my plot in couple of months but not sure if this is the right time to sell. Appreciate your response on this.
Dear Ali,
It may take upto 5 years for 9 prism to be ready for possession. I think that 9 Prism will not gain much in next 2 years so its better to sell it and you can buy again after 2 to 3 years to enjoy price rise before possession.
Jazak Allah