MRA – November 2017 Pakistan Real Estate Analysis
Disclaimer : MRA (Monthly Real Estate Analysis) – November 2017 Pakistan Real Estate Analysis 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 .
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Following socities are included in this month analysis.
- DHA Multan
- DHA Peshawar
- DHA Gujranwalla
- DHA Bahawalpur
- Sangar Gwadar
DHA Multan file prices have crashed in October and 1 Kanal file is now available at 43.5 Lacs. Multan DHA is one of the most active chapters and the only reason for such a crash is the launch of installments files earlier in 2017. In my opinion it is one of the best performing investment among all DHA societies and this correction in prices is a good opportunity to invest and purchase files on cash. Most importantly DHA Multan is advertising that it will be live able by 2019 which certainly adds to its appeal.
Balloting has been finally announced on 25th Dec 2017 in a formal ceremony by DHA Peshawar held for gate unveiling. This is a positive news for DHA Peshawar as investors were losing interest earlier due to delays in balloting. The price may go up again till 60 lacs as we go closer to the balloting date of 25th Dec 2017.
Peshawar DHA is a recommended investment for next 6 months to 1 year as I believe that the plot price will gain 20 to 25% in an years time.
Price of 1 Kanal file has slipped down to 44 lacs and trading along with DHA Multan. I have always believed that it is an under priced commodity due to certain issues in the acquisition of the land. However for now we recommend that you wait out and see if it will sustain present prices considering the crash in DHA Multan or else it may see a slight downside as well. 10 Marla files are also now available at 29 to 30 Lacs price tag.
It is one of the underdogs when it comes to DHA but it is the only one so far with progress on ground. DHA bahawalpur has not been able to get a lot of attention from the investors in big cities and probably that is the reason it is still struggling with price. If you wish to hold for long term and you have a budget of less than 3 Million than this is the place for you, in addition if you are in Lahore than you can get it transferred in DHA Lahore office so it saves you from a lot of hassle. This month the prices will remain stable though.
Phase 2 Ext files saw a bit of uptrend in October as price touched 50 lacs, only to go down again and settle between 35 to 40 Lacs. I strongly recommend everyone not to waste money in private societies or open lands in Gwadar. You should only buy open land if you are purchasing at least 50 Acres.
Making a prediction about Gwadar is very hard as it is very volatile because of rapidly changing circumstances. In addition I believe that there will be many more opportunities in Gwadar in times to come, so best is to wait a bit and jump at a later time when things are more secure for investment.
To summarize we see short term gains in DHA Peshawar till balloting and mid term gains in 2018 after balloting. Medium term gains in Gujranwalla and long term gains in Bahwalpur, Multan and Sangar Gwadar.
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