MRA – October 2019 DHA Lahore Property Market Report
MRA – October 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
The present market is a heaven for buyers but a devastation for sellers. This means people with extra cash in this downtrodden economy are trying for a bargain. Nonetheless, bargains are on offer in the market. Except a few exceptions like phase 5, phase 6, phase 7 residentials there are bargains to be found especially in commercials.
DHA Phase 1 to 5
Phase 1 to 5 there’s an opportunity in Gold Crest Mall. The prices still haven’t peaked. We believe there is still potential in buying an apartment in the building. The rest of the prices are more or less stable.
Phase 5 M block has remained stable. The commercials however, can be a good investment from a future perspective as they are at their lowest.
DHA Phase 6
DHA Lahore Phase 6 will remain stable as there is genuine demand. It is also a good idea to park your investment in Phase 6. The commercials are on the lower side except for MB main road. It might be a good idea for procurement from a future rental perspective. If you are interested in current rental income CCA 1 is also a good investment.
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 for rentals, CCA 1 for current lower and future better prospectives from a rental point of view. CCA 2 from a purely investment standpoint.
DHA Phase 7
DHA Lahore Phase 7 is witnessing a rise in the number of houses being built. From an investment standpoint as well for longer term it could turn out to be a good buy. As we believe that Phase 7 possession plot is superior as of now compared to Phase 9 Prism. Phase 9 Prism buying time would be in a year’s time. For building your own house Phase 7 is recommended as the transfer expenses are lower to that of Phase 6 and prices are still quite reasonable. Prices start from 95 lacs and upwards. This lower price tag for a 1 kanal (500 yds/4500 sqft) is quite attractive. Phase 7 has added in value somewhat over the last year and we believe it’ll continue to grow at a slow pace.
Commercials in Phase 7 are at their lowest and it could be considered a decent option for people with lesser budget for rental commodity 5-6 years down the line.
Recommendation
a. We believe that holding a Phase 7 plot right now might not be a bad idea at all.
b. Long term holding of a commercial plot for future rentals.
DHA Phase 8
Phase 8 has to be the most undervalued risk free commodity today. In my opinion buying a residential or commercial plot could turn out be highly lucrative, especially commercial plots. CCA 1 and CCA 2 are also at bargain prices but I believe Broadway would be the best option as of today as well.
Broadway commercial One of the best commercial investments you can make today, and the prices are very low, the reason for that is the general overall low trend plus the lack of occupancy of residential plots. Commercials are dependent on the residential occupancy from a rental standpoint primarily. Many companies and banks however, have either made their offices or have procured a plot for future purposes.
Ex Park view of Phase 8 is a very good option for residential buyers especially for 2 kanal buyers. The prices are lower. You also tend to find a bargain. Generally a 2 kanal plot would cost you around 4-5 crores which is a pretty decent price tag.
4 Marla commercial files of Ex Park View The prices are on the lower side. There are strong rumors of ballot anytime soon. Putting aside the rumors which we get to hear every now and then, I believe it is still a strong buy as of today.
Z Ivy green has been on the low. We believe if you were to buy a smaller residential plot of 5 marlas it can give you very good returns.
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 we gave a signal to buy 7 months back and if you have purchased since Oct 2017 now we 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 have hit their worst in 9 Prism and are at their bottom prices, they aren’t expected to go down any further. This in turn means that it could be a good opportunity for investment.
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
The prices have dipped. I still believe there is more downside. Once the prices just nudges a further on the lower side it can be the optimum buy.
Recommendation
a. It is better to wait for a while.
DHA Phase 11 Rahber
Prices of 4 Marla commercials have remained relatively stable after the ballot. The residential prices however, have seen a dip compared to the file rate which fluctuated between 27-31 lacs.
Recommendation
a. We recommend buying 4 Marla commercial for a long term investment as of now. The prices are on the low side.
b. The residential plot as of now can also give a very good return if we buy at today’s lower prices.
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