MRA – March 2019 DHA Lahore Property Market Report
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MRA – March 2019 DHA Lahore Property Market Report
Disclaimer : MRA (Monthly Real Estate Analysis) – March 2019 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.
Present Market Condition
Our Pakistan real estate market report came out in January this year and therefore we wanted to wait for a while before we write a monthly report. DHA Lahore market has been generally slow in the past couple of months, although we expected it to return to normal in 2019 but it is unchanged. A lot of this can be attributed to DHA Lahore which has not been relatively slow in creating newer opportunities and neglecting older developments. Besides many promises of DHA Rahber balloting it is still delayed, similarly Phase 8 Park view 4 Marla commercial files and 1 kanal residential files balloting is withheld so far. This has resulted into a major faltering in price of these files which are now available at very attractive prices .
A heaven for buyers but a devastation for sellers, this is totally a buyers market and if you have money there is no other place you should look at. Besides all this the areas with genuine development such as Phase 6 , 7 and 8 remain stable and keep gaining more momentum slowly but surely.
In October we have launched imlaak constructions and the first project under its banner with the name of imlaak homes. It consists of 5 Marla house in 9 Town on 9 and 12 months installment plans.
I will suggest that you should share this information with any one who is looking to buy a house in DHA Lahore so that we can provide him with one of the best houses available in the market.
Lets have a look at each sector of DHA Lahore one by one:
DHA Phase 1 to 5
Goldcrest DHA Lahore Mall and Residency project is performing as per expectations and prices for smaller apartments are now at 18000 per sqft as expected however 2 bed apartments above 1600 sq ft are still available for 15000 per sq ft and I suggest that you should invest in the few 3 bed apartments which are left at the launch price as premium is increasing on the smaller apartments every month. You can watch the latest update video below.
Phase 5 M block ext has lost some ground recently but a good investment for 3 to 4 years and will give good returns.
As for the remaining areas they remain stable and nothing much to report.
DHA Phase 6
DHA Lahore Phase 6 remains stable due to genuine demand and offers many opportunities specially in commercials. It is still the best phase to build your house in a reasonable price. Also it may be a good idea to park your investment in Phase 6 as this area will continue to increase in price slowly regardless of what happens around it.
Recommendation
a. Buy residential plots in DHA Lahore phase 6 for safe investment as it will continue to grow steadily over the years.
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.
DHA Phase 7
DHA Lahore Phase 7 is seeing a lot of interest specially as it offers you some great options to buy in almost 60% less price than Phase 6 and if you are a smart investor making a house in Phase 7 makes most sense to me. I believe that any one who does not have an investment profile of more than 100 Million should only build a house in Phase 7. As of now in terms of transactions it is only second to 9 Prism.
I am in favor of building a home in Phase 7 rather than buying it for investment purpose , so watch the video and find out why.
Recommendation
a. Now it is making some sense to invest in Phase 7 at lower prices, specially if you plan to hold it for a year or more.
DHA Phase 8
Phase 8 is probably the best phase which will give you great returns in next 3 years. It is the most well planned phase of DHA and as more houses pop up we will see the prices rise as well. It is also the best phase for commercial invetsments with options like Broadway and CCA 1 and 2 although Broadway is probably the best out of them.
Broadway commercial One of the best commercial investments you can make today, and the prices are very low, the only reason it is not growing is due to a general over lower trend in the market, however i believe that these commercials are under priced now and will be best suitable for an investment of 3 to 4 years time frame.
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 actually went below 220 Lacs and have stayed there this time, this marks the lowest price for these files in last 3 years and for me it is a strong buy signal, will it go down any further? I really doubt that it will but even if it does as no one can really predict exact bottom so for me this is strong buy zone any where between 2 crores to 2.5 crores.
Z Ivy green has performed well in past few months and will continue to do so in 2019. We may see a 5 to 10 % increase in over all prices.
Recommendation
a. We strongly recommend to buy residential plots for investment or if you wish to make your own house.
b. Buy 4 Marla Shivpur or Malikpur files in Phase 8 Ex Park View anywhere between 200 to 250 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.
d. Last but not the least Z ivy green is ripe for investments.
DHA Phase 9 Town
Imalak has recently launched a project of 5 Marla homes in 9 Town on installment plans of up to 3 years. It is a great solution for any one who is looking for a budget house in DHA Lahore. It also gives you an opportunity to build your house to your own liking and pay as you are comfortable. imlaak homes installment solutions are revolutionary and offer you a 100% flexibility.
Recommendation
a. Prices will rise higher but presently they offer optimum returns since i gave a signal to buy 7 months back and if you have purchased since Oct 2017 now i will recommend selling out and exiting safely with max profits if the only purpose of your investment was to make money. Those of you who have purchased at higher prices , you may wait for a few more months before an exit.
DHA Phase 9 Prism
9 Prism has slowed down a bit specially the 1 Kanal plots, however 5 Marla plots are performing better in terms of sale and resale.
Commercial prices on the other hand are high in 9 Prism and are totally inflated, even if they don’t go down much they are not expected to rise as well so will be a dead investment for a few years.
Recommendation
a. Hold it for long-term or sell during an upswing.
b. Buying is recommended at this time for long-term investment only.
DHA Phase 10
No change from Sep 2018
Trading again between 52 to 55 Lacs and not at all a buy zone for us. Predicting about Phase 10 may be hard at this time however it is a good investment at 45 Lacs and below.
Recommendation
a. It is better to wait now for prices to slip and make a short term trade, if it reaches 45 Lacs.
DHA Phase 11 Rahber
Prices of 4 Marla commercials have gone down to 160 to 170 lacs and offers a great opportunity to invest as of now.
Recommendation
a. We recommend buying 4 Marla commercial for a Short term investment.
b. The residential file however is trading at 30 Lacs which is again not a very attractive price for investment.
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
Founder and CEO at Imlaak
Mob: +92 333 1616160 ( WhatsApp)
