Lahore Real Estate Forum

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DHA Lahore Phase 9 Block Wise Rates Update From Lahore Real Estate Apr

DHA Lahore Phase 9 Block Wise Rates Update From Lahore Real Estate April, 2019


2➖Kanal

D Block: 325 to 425

1➖Kanal

A-Block: 105 to 150 Lacs
B-Block: 90 To 130 Lacs
C-Block: 78 To 150 Lacs
D-Block: 78 to 150 Lacs
E-Block: 78 to 135 Lacs
F-Block: 80 to 135 Lacs
G-Block: 90 to 135 Lacs
H-Block: 78 to 135 Lacs
K-Block: 80 to 125 Lacs
L-Block: 78 to 135 Lacs
M-Block: 80 to 130 Lacs
N-Block: 78 to 125 Lacs
P-Block: 78 to 150 Lacs
Q-Block: 85 to 145 Lacs
R-Block: 82 to 115 Lacs

10➖Marla
C-Block: 70 To 85 Lacs
F-Block: 65 To 82 Lacs
J-Block: 60 To 70 Lacs
K-Block: 62 To 78 Lacs
L-Block: 57 To 78 Lacs
R-Block: 70 to 82Lacs

5➖Marla
J-Block: 36 to 50 Lacs
K-Block: 37 to 55 Lacs
L Block : 36 to 42 Lacs
R-Block: 38 to 55 Lacs

Adnan Hussain
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Lahore Real Estate

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FRH replied on Monday, April 1, 2019 11:24 PM PST 

Prices are same or lower after paying full development charges. In terms of $, About 40-50% money is lost within couple of years. What's happening with property? Let's have open discussion please.

Ahmad replied on Tuesday, April 2, 2019 02:06 AM PST 

Dear FRH,

There is no money lost within the last couple of years. May I ask you a question? Would you like to sell your property at the price listed above?

FRH replied on Tuesday, April 2, 2019 11:59 AM PST 

Actually I'm an overseas. Purchased plot by cashing out $'s @ about 100-105. Now $ is @ about 144-145 so based on this, money is lost as the plot prices are almost the same and plus paid development charges as well.

thinker replied on Tuesday, April 2, 2019 01:19 PM PST 

Dear FRH
There are a number of reasons cited for the property decline like taxes, FBR etc, but the real reason is different. We must understand the difference between the VALUE of an asset and its PRICE. The value of an asset is how much income it can generate and price is what market sentiments determine. Right now in Pakistan the price of property is much more than its value. For e.g a house in islamabad costs 7 crores, thats its price but it can generate rental income of just 1.5 laks per month that is its value. Similarly shops cost around 1.5 to 2 crores on ground floor in major shopping areas, but they cannot generate so much income as to be feasible for anyone to buy them and start a business. Therefore unless the value of property matches with its price, it will remain stagnant. So how long will it take to match the two. Currently the price is 2X the value of the underlying asset, so considering around 10% increase in income of Pakistanis per year it would take 7 years. Best case 5 years. So dont expect any appreciation before that.

Suggestion replied on Tuesday, April 2, 2019 01:41 PM PST 

If you are genuine buyer, then it is good time
If you are investor than go for some other type of investment e.g., dollar or gold for some time till property again got better

thinker replied on Tuesday, April 2, 2019 02:10 PM PST 

How is it a good time if you are a genuine buyer ????? If the price is not going to increase and just stay the same lets say for one year, then why I should not buy after one year, and let my money grow at 12% in national savings or dollar or what ever. For me it would be 12% cheaper next year..

alpha replied on Tuesday, April 2, 2019 02:21 PM PST 

FRH sb. Chill. It just the economic ebb and flow. Pakistanis are going to reproduce at exponential rate - so in the long run you are good. Besides stop cribbing about changing your dollars - you are free to invest in US stocks like Lyft and take an instant hit of 10%

Curious replied on Tuesday, April 2, 2019 04:12 PM PST 

@thinker: good point mate!

Advice for you replied on Tuesday, April 2, 2019 09:40 PM PST 

FRH, No body knows in 2015 dollar will be Rs.142. So, if you no need money just wait for right time. Prices will be increase sooner or later.

KSA Banker® replied on Tuesday, April 2, 2019 11:46 PM PST 

I find the analysis and views presented by "thinker" and "FRH" as very accurate and spot on. I can attest to that with my personal experience. During the 15 months period between Jan 2017 and Mar 2018, i invested a total of around 580,000 dollars in Prism. The prices of the plots since then have remain almost unchanged or have slightly declined in Pak rupees terms. However, due to depreciation of the Pak rupee against the dollar (from around 105 rupees to 140 rupees against one dollar), my investment in dollar terms is currently around 30% down compared to the cost. Even being a long term investor, I am afraid it will take quite a number of years for me to recover my original investment.

I also fully agree with the point regarding mismatch between properties prices and intrinsic values. At the prevailing properties prices and rents, the yield for a common investor on both residential and commercial properties is way too low compared to the risks of investing in the Pakistani real estate market. It will take a combination of significant increase in rents and decline in properties prices to achieve an economically viable equilibrium where investors would find it attractive to invest in real estate assets in Pakistan. Such an adjustment, as pointed out above, may take years if it really happens.

Best Regards

Asif replied on Wednesday, April 3, 2019 02:02 AM PST 

Very valid points wrt Rupee devaluation and intrinsic values. What is the way out from here for new investor? I can not see any reasonable return in Pakistan property for coming years. But what are the other avenues,

USA Doc replied on Wednesday, April 3, 2019 03:34 AM PST 

I agree with KSA banker....I also invested back in 2017 and 2018 in US dollars two kanal plots each in prism
I am currently at a loss looking at US dollar rate but I know I will hold those long and for sure they will go up in value in 3-5 years as it’s still under development phase
If u look at 2 Kanal plots phase 3/5/6/8 they are trading 6 crore to 10 crore
So eventually it will be ok
In short term yes there is loss
But long term in good location under developed areas you will still gain

Truth replied on Wednesday, April 3, 2019 11:48 AM PST 

w w w. dawn. com/news/1473566/another-amnesty-scheme-for-non-filers-planned

Property inflation coming soon

Thinker replied on Wednesday, April 3, 2019 06:52 PM PST 

Thanks KSA Banker...
The problem for overseas investors going forward is that dollar will not be stable for any period of time unlike in the past where it was at 104 for almost 4 years. Government is going for free float which means that each year it will be 10% more (based on the fact that inflation in Pakistan has touched 9.4% this month and would increase further, so the rupee will lose value by 10-12% per year against the dollar). It will gradually fall to 145 by May and then continue its fall and will hit 155 by december.
Although Asad umar has announced that non filers will be allowed to purchase property from July after the budget, however he has mentioned two other things. 1. DC rates would be brought exactly upto market rates. 2. FBR will investigate all non filers who buy property. Therefore once rates are equal to DC rates it will be very difficult for non filers to justify their income to FBR. I dont see any increase in prices due to this reason, other than the real value of plots that I alluded to earlier. I think the sooner we all accept that the party is over, the better it would be. It had become a Ponzi scheme and was sure to fall, just like all bubbles.

Kamal Khan® replied on Thursday, April 4, 2019 12:48 AM PST 

Really interesting views -some are quite realistic and reflective of what the ground realities are. Would request CMY to share what views does he hold in the given situation.

pity replied on Thursday, April 4, 2019 02:31 AM PST 

US dollar is a huge bubble too. After signing up with IMF, it is bound to become slow and will not increase the way it did in past months. Maximum it ll reach probably around pkr 150. Free float might be another scheme to let usd dollar spread in market and then give a sudden shock of us dollar depreciation against pkr. Just like cars, buying property by non filers is freedom. Buying property would be still better than buying dollar or invest in stock market. Many non filers are the people who came/earned from abroad, doing jobs, businesses etc and have proper earning. For filing first time they do not have to prove everything, they need to declare everything. These people are not zardaris or shareefs or the elite who avoid tax. Asad um-a-r is developing schemes and then ditching the same schemes.

Kh Qasim replied on Thursday, April 4, 2019 05:22 PM PST 

I believe US dollar is bound to increase with prevailing above 10% inflation rate. It will definitely not coming down it will reach 150 and will increase further though at a steady pace. Regarding real estate, keep in mind the population is increasing fast, there are lot of people with money interested in owing properties in big cities so the demand is there and will be there. There is hardly any property on mortgage as compared to western countries where rising interest rate will burst the property bubble. Real cash, savings are poured into the real estate market. Trend is that people save and buy plots for the future generation. The insurance companies like state life and banks too have real estate in their holdings. Fundamentals don't change yes current trends are not positive but the situation will change when the dust will settle. In the short term the dollar will win but in the medium term it will be break even and in long term the real estate will win. Its very easy to say to sell property and buy dollars but in reality it is difficult to implement. The taxes, commission and sometime 5-10 lac extra you have to pay to cunning dealers will spoil everything.
For new investors, it is an ideal time year 2019 to look for property and get a good deal.

Saeed replied on Thursday, April 4, 2019 06:04 PM PST 

Agree with Kh Qasim on everything. But regarding US dollar i have doubt.
Property like gold is ever green investment. Now is the best buying time.

Ahmed replied on Thursday, April 4, 2019 06:36 PM PST 

Just to say this is a brilliant discussion. We haven't had a discussion like this for some time. Would be great to see and hear more views.

Just my contribution - yes, rupee weakness will hit overseas investors. But that also makes now a good time to buy if you have spare dollars?
And surely in rupee terms, plot prices will increase in the long term? What are your thoughts.

Salam and duas.

Kh Qasim replied on Thursday, April 4, 2019 10:48 PM PST 

Mr. CMY is long term player unlike many seasonal players here. He himself said those talking about property bubble were chewing bubble gum when he entered real estate market. The future for property is bright. DHA Prism and other phases are prime investments and good location plot will be above 300 lac + in 4-5 years time. Actually there are fewer safe investments like DHA. In dollar terms, it will above break-even I am not sure depending upon lot of factors. Though, many of my predictions went wrong. I predicted good location prism plots like A 463,A 222,C 445,C 301,D 598,D 251 valued at 87+13(development charges) on Mar 16 to be 133 on Mar 19.
Post No. 1163 (dated 13 Mar 2016)
My estimation for Prism good location (clean) plot worth 81 lac now adding 19 lac development charges total cost 100 lacs will be priced as follows:
Mar 2017: 113
Mar 2018: 122
Mar 2019: 133
Mar 2020: 147
Mar 2021: 164
Mar 2022: 185
Mar 2023: 210
Mar 2024: 245
Mar 2025: 300
Still believe, year , decent plot in DHA prism will be 300+.

Numb replied on Thursday, April 4, 2019 10:56 PM PST 

Very good discussion , I think dollar will be stable after 150 and it will go up to 156 in a year time, But after 2020 it will strike back,

However ,Property will be the winner in Long term investment , DHA Multan & Prism will be good options.

Ahmed replied on Friday, April 5, 2019 06:40 PM PST 

Good points - what is the advice for investing only a small amount, like 50 lacs in order to get a good return in Lahore in this current market?

Numb replied on Saturday, April 6, 2019 01:40 AM PST 

Ahmed, Prism & DHA Multan will gain 70 to 80% in 2 years time ( My 20 cent). Rest Allah knows we can just expect on the basis of last years investment & gain.
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Tuesday, December 20, 2016 12:13 AM PST 
Bahria town Rawalpindi

Iam an overseas paki, would like to construct a house 1 kanal ( single story ) in Bahria town or Dha Rawalpindi. I have 1 crore Budget. Is Bahria town reliable gated safe family oriented society ? Any drawbacks or hidden issues ? Anyone can throw some light on it ? Thanks.

Mohsin replied on Tuesday, December 20, 2016 08:07 PM PST 

I am overseas too and currently in Islamabad area. I have been looking in the same area and it is very hard to find a reasonable deal here. Prices are extremely high. Even though the market is slow. in Bahria you can find a Kanal plot for Crore, but if you budget is all together around Crore then impossible. I have seen some houses of 7Marla around Crore or 1.2 crore.

10 Marla plot in DHA is around a crore or above in DHAI or DHAII

Bahria 1-6 10 marla is around between 80-100 and 7-8 is around 50 - 100.

Hope this help.
regards
Mohsin

suggestion replied on Tuesday, December 20, 2016 09:32 PM PST 

brother, 1 crore budget is not sufficient for these 2 places for 1 kanal house. You will require min 2-2.5 crore depending on your construction and plot you buy.
DHA is better - more peaceful, access from Expressway is better, cheaper as compared to Bahira, Safety wise is also fine. Good development done in phase 2

Safwan replied on Tuesday, December 20, 2016 11:27 PM PST 

construction let alone will cost you around 1.5 crores on top of 1 kanal plot that ranges 85-150 in Bahria and 120+ in DHA Islamabad. DHA, I agree is better. Bahria has advantage in terms of no load shedding.

Waqar Satti® replied on Friday, December 23, 2016 10:55 PM PST 

Go for Bahria phase 8 in E or F1 block 10 marla plot about 42-44 lac.
construct house there.
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Wednesday, June 1, 2016 03:14 PM PST 
PHASE 7 VS RAHBER

Rates of commercial file of Rahbar and Ph 7 are same i.e. 238. I have file of Rahbar. Should I change it with Ph 7. My target is construct plaza and have rental income. All readers, please advise.

Thanks
Salman

Suggestion replied on Wednesday, June 1, 2016 03:37 PM PST 

Salman, wait till 2017 end. At that time sale Rahbar, it would have gained more as compared to phase 7. Then sell and buy phase 7 commercial plot.... and with extra money u made form rahbar put in construction cost.

KSA replied on Wednesday, June 1, 2016 03:39 PM PST 

Location of rahber is much better than phase 7 so long run or short run rahber will win the race

Hamid Khan replied on Wednesday, June 1, 2016 05:38 PM PST 

Phase 7 will be the top gainer in future Insha Allah.

SFGCS replied on Wednesday, June 1, 2016 07:47 PM PST 

Extremely thankful to all contributers for their valuable advices.
@Shah: A Special note of thanks for you. Your analytical skills are outstanding. Would like to request you please continue your contribution to this site. Please advise your comments on my previous post 82869 regarding comparison if investment in residential and commercial.

Regards,

Darwaish replied on Wednesday, June 1, 2016 09:27 PM PST 

Logically said, "Shah" Sb. Enjoyed reading your post.

Darwaish® replied on Wednesday, June 1, 2016 09:27 PM PST 

Logically said, "Shah" Sb. Enjoyed reading your post.

Darwaish® replied on Wednesday, June 1, 2016 09:37 PM PST 

I was referring to your first post. The second post appears skewed to one factor i.e. 2 kanal plots areas which could be only partially true. Anyway, logic is still there in your writing whether one agrees or disagrees with it is another issue. Please keep writing on this forum.

HassanHC® replied on Wednesday, June 1, 2016 11:19 PM PST 

Shah Saab very well explained. looks like you have spent lot of your life in Lahore or have lots of experience. Don't know your age but very experienced post.

Hamid Khan replied on Thursday, June 2, 2016 12:09 AM PST 

Shah rocks, well done dude.

LOYAL PAKISTANI replied on Thursday, June 2, 2016 12:49 AM PST 

Mr. Shah keep it up. But approach from Raiwind Road to any where sounds more practical as compare to phase 7.

MIT® replied on Thursday, June 2, 2016 01:26 AM PST 

@Shah sb. Enjoyed your logical and well worded analysis. Hope to see more in future.

MM replied on Thursday, June 2, 2016 03:09 AM PST 

Shah ji you are telling the same thing which I have been trying to tell for the longest time that phase 7 rocks but no one listened to me.
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Sunday, May 15, 2016 05:40 PM PST 

Dear LRE team and other property experts,
Kindly advise me I have a 1 Knal plot in Q Block on 70 feet road in Phase 7 which current value is 120 Lacks.One of my freind advise me that
I should move to Phase 9 Prism Block A or any good Block or move to Phase 8 in good Block and add some more money.
Should I wait is there are chances that Q Block prices will increase in future ( 2 or 3 Years) and keep it .
Hoping for sincerer advise

Suggestion replied on Sunday, May 15, 2016 06:10 PM PST 

Pungali village is a curse for Q block of phase 7 which is not letting Q block grow. Better move to prism or somewhere else

Farooq replied on Sunday, May 15, 2016 08:58 PM PST 

@ Suggestion: I don't think so, I think there is no phase in DHA which doesn't have a village. Phase 5, 6 which are hot phases now a days, have villages, so what is different with Q block.

humayun replied on Sunday, May 15, 2016 09:49 PM PST 

Wait for one year. In q block costruction has been started. Also 2 kanal plots have added which is giving q block a great advantage. Also it is directly connected to Barki road. Number of commercial blocks also have been increased. So wait and watch .inshaAllah it will prove to be a excellent block of phase 7.

HUSSAIN1956 replied on Monday, May 16, 2016 02:41 PM PST 

Humayun,
Many thanks for your valuable suggestion,So I will keep my plot in Q block and wait for good from Allah.2 knal plots will effect the entire Q block and is some houses construction already started?
Farooq,Thanks
You are right DHA every phase have a some village and still many deals every day only near village prices are less.
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(33)
Tuesday, March 8, 2016 08:22 PM PST 

Dear Forum Members,
Can anybody share your views on DHA Phase 8 current development and possession?
Really appreciate your views
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(31)
Saturday, June 13, 2015 07:40 PM PST 

I bought a plot in D.H.A last year.when i was finding the plot i was getting upper price limit demands from dealers.Now when i want to sell it,most of the dealers are giving lowest possible price of that plot
:) Now how this thing can be cater and how i can get the best price of my plot.??

Jameel replied on Saturday, June 13, 2015 07:56 PM PST 

It is Not best time to sell , please tell which phase is it.
Prices are taking Down turn in phase 5,6,and 8 Not drastic but 10% to 15% fall in last 2 years.
In DHA 7 also same trend was seen and Cror Plot shed 10 Lac in last year. but in last 2 weeks some 5 Lac improvement is seen.

Dr.Ghafeer replied on Saturday, June 13, 2015 09:19 PM PST 

I have a plot in dha phase 9,town block C.its toward phase 9 side.What is the position after announcement or possesion.

Suggestion replied on Saturday, June 13, 2015 09:39 PM PST 

Doctor sb there is an easy solution, i tried this while selling my cars, what you have to do it to just pretend as a buyer and ask for a price for a similar specfication plot.. This will give u an idea that ur plot price is 1 to 2 % around that price

Jameel replied on Saturday, June 13, 2015 09:41 PM PST 

Soon after possession price drops due to supply no need tow worry about that, You will have to wait till construction starts and you see few houses here and there. Best time was to sell it is 6 months before possession. Price goes up more with excitement of news than actual good things happens see the dip in LDA avenue 1. A plot of 48 before possession is 38 now.

Dr.Ghafeer replied on Saturday, June 13, 2015 10:45 PM PST 

Thanku jameel sb and suggestion and others for ur valuable input..

Rizwan replied on Sunday, June 14, 2015 03:51 PM PST 

A.o.a,Dr.sb,plz tell me ur plot number.I may buy ur plot,if its in good location.I want to buy a plot for constructing my house.regards,RIZWAN.
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Sunday, April 26, 2015 04:00 PM PST 
Farmhouse options in lahore - Low budget

CMY sb, its always good to hear from you. I follow your posts regularly but have never found your posts on Farmhouse options in lahore.

Could you please share your views on the available or upcoming options for a 3-4 kanal plot with a budget limit of 6 - 8 Million.

And pls share ur views on the small farm house projects like sophia etc on bedian or barki road.

thanks

suggestion replied on Sunday, April 26, 2015 04:40 PM PST 

Try green acres on raiwind road or Eden Park next to Lahore wildlife Park on Raiwind road. Although in this budget, it might be a challenge.

CMY replied on Monday, April 27, 2015 12:37 PM PST 

Dear friends we dont deal in properties where registry is involved. Not updated in farm houses.
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Friday, April 24, 2015 03:57 PM PST 
Relocating DHA phase 6 1k to phase 7 2kanal plot

Fraud Alert Banned for self promotion by using multiple names to praise himself/own holding

Sorry for posting this again but due to the error with the site, my earlier post disappeared. Your valuable feedback is requested.

I am very seriously considering selling my one kanal plot in phase 6 (approx 165-175 lacs) and buying a 2 kanal plot in phase 7 which is for the same price more or less. A friend of mine has already relocated. The 2 kanal plots are beautifully developed and only 2 or 3 miniutes drive away from my current plot in phase 6. Value of 2 kanal plot in phase 6 is around 400 to 450 lacs.

I do not plan to construct my house before 5 years. Your comments and feedback are welcome.

suggestion replied on Friday, April 24, 2015 03:59 PM PST 

Fraud Alert Banned for self promotion by using multiple names to praise himself/own holding


Excellent idea! I know someone else who has done that recently. 2 Kanal plots all over DHA (1,2,3,4,5,6 and 8) are very very expensive (more than 2 times price of one kanal). If you want to construct after 5 years, phase 7 2 kanal plot will be more than 350 lacs!

saima replied on Friday, April 24, 2015 04:03 PM PST 

please advise which blocks in phase 7 have sure potential to grow maximum in one year or year and a half,thanks in advance,jazak Allah kher!

khan replied on Friday, April 24, 2015 05:41 PM PST 

Great idea. Insha Allah, after 10 years whole DHA phases would have same value and standard.

Investor replied on Friday, April 24, 2015 09:36 PM PST 

Fraud Alert Banned for self promotion by using multiple names to praise himself/own holding

Phase 7 plots particularly 2 kanal are very under priced. I visited 2 months ago and they are all a minute's drive away from the golf course. In 3-4 years, the plots will be worth double!

Ehtesham replied on Saturday, April 25, 2015 07:59 AM PST 

On the map of phase 7, I could not not locate 2K plots. Can someone kindly advise which sectors have 2K plots anf give as an example the number of any 2K plot in phase 7 DHA
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