Opportunities and Developments in Phase 6
Opportunities and Developments in Phase 6 DHA Lahore
With ongoing developments in Phase 6 DHA Lahore in developed and undeveloped areas, there are various opportunities which present themselves. We will discuss each opportunity in brief context.
Phase 6 A block Commercials
Phase 6 A block commercial area is being built right next to the DHA Office. It already comprises of 4 marla commercials. The new development incorporates 4 and 8 marla commercial plots. There is a prescribed area for a huge 63 Kanal shopping mall as well. This would ensure a good commercial activity in times to come. The prices as of today might seem a bit steep especially for 8 marla but they would eventually pay off in 2-3 years.
Phase 6 MB 185/ series
This main boulevard area of Phase 6 is non-possession as of today which means that it’d certainly give good returns in times to come. The possession is expected within 18 months. The price of the nearest option is much higher in comparison to these commercials. The drawback of these commercials is the smaller parking space available compared to other commercial plots of Phase 6 MB. But despite this fact the price gap is huge of about 15-20 million which will certainly squeeze in times to come.
Phase 6 MB 8 marla
Phase 6 MB 8 marla option is still underpriced and will see a definitive increase in times to come. Phase 6 MB overall has seen a 10-13% rise over the last year irrespective of the fact that the property prices are more or less stable or at lower rates than what was achieved during the boom of 2015-2016. This ensures that the prevalent price on Main MB plots is lower than what should be even at this point in time. The 8 marla is almost 20 million lower than it’s genuine assessment. Along with development in P block residential and S block opposite these 8 marlas we can expect it to rise and give good returns on our investment.
Phase 6 residential
Phase 6 residential in E, F, N, and L are much lower than their adjacent counterparts/adjoining blocks. The price difference is of around 4-6 million in some cases which shouldn’t be more than 2-3 million at max. Example would be C and D enjoy a disparity of only 2.5 million, then G and K have a differential of 1.5 million roughly. H and G have a difference of 4 million but there’s a reason for that as G block has a very small village area in between. J and L on the other hand have a difference of more than 4 million. Then F has a disparity of 3 million compared to G block and so on and so forth. These gaps would be lesser as more and people build houses in Phase 6. These blocks provide very good opportunities amongst themselves.
D block area on the other side of the 100 feet road is also underpriced. The reason is it’ll have its own market in times to come namely CCA 2. 2 Kanal community is on the rise in D block. 2 kanal plots are a very good option for investment as well as Kanal options in this area. With direct access to Bedian Road in the very near future I deem it to be another great investment opportunity. Phase 6 E block 2 kanal option is another good option with plots at quite reasonable rates.
Phase 6 E extension is another option which might give you good returns on possession, but this is a last option there are alternatives such as 9 town possession plots available.
Conclusion
Although Phase 6 is becoming more and more saturated day by day it also presents certain limited opportunities which still exist. Stability of Phase 6 overall shouldn’t be negated as it the only Phase in which the prices of residential and commercials alike not only didn’t dip, but in fact they went up and continue to do so. Safest bet as of today which provides you good returns as well as stability in your investment. There is one option which has been left out purposely as it will be discussed over a warm cup of tea.
For further assistance and guidance feel free to contact the author.
Submitted by:
Umer Shehzad
MBA Finance (Cardiff University, UK)
Managing Director Imlaak
(+92)3208484630 (For consultation)
