Lahore Real Estate Forum

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(35)
Sunday, October 29, 2017 03:25 PM PST 
DHA phase 7

AOA

Just wanted the opinion of members on Phase 7 DHA. I want to buy a plot and build a house there. I would do the construction 2 year from now. When is a good time to buy there? Why no one has built any house there yet, although possession is available in most areas?

thanks, Jehanzeb

Farooq Shaikh replied on Sunday, October 29, 2017 04:08 PM PST 

What do you mean by "why no one has built any house there yet, although possession is available in most areas?". I think you have not visited phase 7. Many houses are constructed, people are living and many more are under construction. Two weeks earlier, I visited Y block, which is considered as weak block of phase 7, I counted, there were 7 houses constructed or under construction. Other blocks have already many houses. Visit the location and then decide.

Jehanzeb Ahmad replied on Sunday, October 29, 2017 05:02 PM PST 

Dear Farooq, I live in Islamabad and visited phase 7 last year..so thanks for the update. When is a good time to buy? Will prices be stagnant in the next year, increase or go down?

Khurram11® replied on Sunday, October 29, 2017 06:26 PM PST 

Lahore property as a whole is not expected to increase much. People often forget the real reason prices move... Demand and supply. In Lahore supply of good societies have increased so much that demamd is left way behind. Hence no need to rush to get a plot if you are not in a hurry to live, you will get better deals even if you wait 6 months to a year.

Shahid1 replied on Sunday, October 29, 2017 10:04 PM PST 

Not true for phase 7. Prices are already depressed significantly in phase 7 and are moving up slowly as the house construction is picking up.

USA DOC replied on Monday, October 30, 2017 01:58 AM PST 

Phase 7 is dead End location unfortunately

Honest replied on Monday, October 30, 2017 09:59 AM PST 

Phase 7 is big disappointment from DHA !
It's time to accept the fact
It's deserted as hell
No interest of dha there
Nothing at all
Seriously

Farooq replied on Monday, October 30, 2017 01:36 PM PST 

@Honest. You have selected your name as Honest, but you behaved completely dishonestly. Its so funny. You listed few negative points but without any reason or logic. Your third point is really funny, seems that you had a chance to visit hell, that's why you know how it looks like. By the way, few years back, phase 6 was also deserted like hell....hahaha.

Anyway, talking seriously, can you please tell me what is the difference between 6 and 7. (I think its the golf course, which is dividing them), earlier 7 was the part of 6. I do not see any difference between them, development wise, house construction activity pattern, etc. I think 7 is also following the same path as other phases have gone through. I agree that lower (new cutting) will still take time to become livable. But in my personal view once the lower cutting is given possession, it will populate more quickly as compared to the upper part of 7. Lower cutting has 10 marla plots which are usually constructed fast as compared to a kanal of 2 kanal houses.

ahmed khan replied on Monday, October 30, 2017 01:38 PM PST 

Dear All, all i can say seeing is believing.I visited phase 8,unfortunately most of the area which is un built is deep & cost of construction will be high.Phase 7 yes mostly leveled & has at least a kidney center or a university is coming up. Phase 9 yes , today it has approach problem BUT in years to come it will be resolved.

Awan replied on Monday, October 30, 2017 02:06 PM PST 

Farooq sb ka plot hai bhai phase 7 main. Khabardar jo kisi ne phase 7 ki burai ki tou

Shindaz Khan replied on Monday, October 30, 2017 03:08 PM PST 

Hi Guys,
This forum is all about brain storming, every idea or thought has value, so we should respect every comment. I personally feel the way Pakistani population progressing every place in Lahore important. Agree with Mr. Farooq's comment that couple of years back Phase 6 was not as hot as today.
If u need to built home now Phase 7 is okay coz phase 9 will take another 4 to 6 years.

Salman Maqsood LRE replied on Monday, October 30, 2017 03:53 PM PST 

Dear All,
In Phase 7 you will get top of line possession plot in 150 to 175 Lacs depending on location where in phase 8 you need to raise your budget 210 to 250 Lacs. Phase 7 is cost effective for those who want to construct houses in next 1 to 2 Years. Phase 7 R, P, S block ( Pirce Range :150 to 175 Lacs )now live able dozens of houses there. Where as T, U, Q, Y, W ( Pirce Range :125 to 150 Lacs ) 5 to 10 houses each block as of now. You can construct in Z-2 in budget of 90 to 105 lacs of one kanal.
DHA delayed the possession the new cutting of T,U,X, Y & Z1. Not sure when dha will deliver, expected in 2018. . Two kanal is must buy opportunity for those willing to construction around 275 lacs in next 3 years.

Salman Maqsood
Lahore Real Estate
+923224009967

Shahid1 replied on Tuesday, October 31, 2017 12:42 AM PST 

That is the whole point. In phase 7, you get a good plot in 125, you put 125 on it and you have a nice one kanal house in 250.
In phase 8, you get a good plot in 250, you put 250 on it to have a similar one kanal house in 500. And what you get, couple kilometers closer to airport.
However in phase 7, you are living in the heart of DHA but in phase 8, you are on the side.

Habib replied on Tuesday, October 31, 2017 03:53 PM PST 

If You are considering Phase 7 this is right time to Buy Plot, Recalling the experience of Phase 5 and 6, In first 2 years there are less Houses, The Moment they Cross Certain Threshold, there is Construction boom, Predictably you can say in another 3 years it will be as Populated as DHA phase 6 was Populated in 2015, How Much it was Populated in 2015 you can find in Google Earth Historical Imagery .

Nabeel® replied on Wednesday, November 1, 2017 03:40 PM PST 

Agree with Habib Sb.

If you want to build a house in Phase 7 in future, now is the time to purchase a plot. The more you wait the prices will go up. Reason being that as it gets populated, it will become more of attractive for end-users.

Phase 7 will probably be the only phase which will hold prices in current slump , as it was underpriced earlier. Choose a plot in upper cutting.
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(34)
Sunday, August 27, 2017 12:52 AM PST 
Prism price

Please assess phase 9 prism commercial 8 Marla zone 1 plot 9
Thx

Ali replied on Sunday, August 27, 2017 01:19 PM PST 

It should be around 875 to 900 lacs.

BBQ replied on Sunday, August 27, 2017 02:32 PM PST 

Minimum 950 to 975 Lacs as there is no availability and nobody is willing to sell 8 Marla, Z-1 on 150 feet road plots. Everybody knows, after few years when the development is completed, these plots will be selling at 15 - 18 Crore range like Phase-5 & 6. One should not sell it at this stage unless in need of money. This is the one of the best commercial investments in DHA and/or in Lahore.

Ali replied on Sunday, August 27, 2017 04:38 PM PST 

I dont agree with bbq.we all know it is overpriced. If all goes well it would be 13 to 14 after 7 years. Commercial are only successful when there is possession as well as huge number of houses around there. You can evaluate the possession and the construction activity. One mofe thing huge number of commercial still not balloted and will come with passage of time in market

BBQ replied on Sunday, August 27, 2017 05:35 PM PST 

Just a difference of opinion. We have experienced the same scenarios for Phase-5 & 6 commercials. In my opinion, it could be 13-15 Crores may be after two to three years when we reach close to completion of development. Also, as per DHA practice, they don't carry out ballot for large number of commercial plots in one time but few plots at a time and ballot is held at GHQ. Commercial plots are allotted to Generals after retirement and few new plots will come only in the market, when it is allotted and if they sell.

Ali replied on Sunday, August 27, 2017 05:55 PM PST 

Bbq phase 9 consists of 16 sectors. It would take at least 5 more years for prism to be developed and handed over. We have seen them developing phase 6,7 and 8 which is still not handed over in 8 years considering it to be of much smaller size. You can even see phase 5 m block which is not still handed over even after 4 years it is just one sector.what about phase of around 16 sectors. Commercial will be successful after possession .commercial and residential are two different things. Yes phase 6 facing parking have rate of 14.5 to 15 but also analyze that phase 6 have possession from past 6 years and have 2000+ houses. When will phase 9 have possession and when it will get 2000+ houses.then it would be compared with phase 6. Dha head office was another big boost for the phase 6. To get rents there should be alot people around there who can come to your plaza. And last but not least yes location wise phase 9 is very good bit it is also very odd phase as it consists of number of huge villages harpalke, dev kalan, buller village, dev khud, anmol housing, youhanabad, govt transport society and comfort factory. How many of such things exists in phase 6 which have the best cutting without any villages existing in the centres of the sectors like in phase 9. We should be honest to our sayings

BBQ replied on Sunday, August 27, 2017 06:05 PM PST 

As mentioned above, this is just a difference of opinion. Allah knows the best. One should not judge/conclude and use the words like honesty/dishonesty on these discussions. Let's people give their opinion as we all have different understandings and experience. Nobody is forcing and nobody can force others to follow. Nothing personal here. Just an open discussion and believe, this is the purpose of this forum.

Ali replied on Sunday, August 27, 2017 06:19 PM PST 

No it is not matter of honesty lets have a debate on statistics. Just write something in reply of above post if you have.

Ali replied on Sunday, August 27, 2017 06:22 PM PST 

Yes it is not amatter of honestly just give a reply of things i mentioned above if you have got anything to say

BBQ replied on Sunday, August 27, 2017 06:40 PM PST 

Just to prove Phase-9 worst phase, you have mentioned Phase-6 does not have any village??? Also, to prove Phase-9 is the worst, you are mentioning Anmol housing, Govt. transport, comfort factory, etc. as they are part of Phase-9? I stop the debate here as I have to leave but few villages in a Phase which has 16 sectors (as you mentioned above), %age of villages will be lot less than other phases those are smaller in size but have 2-5 villages. In my opinion, If I have this much money with me and Z-1 commercial is available on 150 Feet road, I will buy it right now for sure without any second thought (just my opinion). Anyhow, no use of this debate. We will see after 2-3 years, where the price is?

BBQ replied on Sunday, August 27, 2017 06:52 PM PST 

By the way, request other members to participate as well and share their thoughts and experience on this interesting topic i.e. Phase-9 Commercial especially Z-1 8 marla on 150 feet road.

Ali replied on Sunday, August 27, 2017 07:03 PM PST 

Bbq gee there are 61 plots on 150 ft road in cz1.

Syed Zafar Shah replied on Sunday, August 27, 2017 07:48 PM PST 

I have no doubt that this will be the best investment and rental value will be great of someone builds it . Per CMY u can build this very quick after possession compared to others zones due to its location
Question is when ? I hope next 3 years inshallah

Mohsin replied on Sunday, August 27, 2017 08:20 PM PST 

Can CMY or LRE comment plz !!

Mohsin replied on Monday, August 28, 2017 02:56 AM PST 

It's logical but I believe on this much prime location of 150 foot road and among top blocks of phase 9 , I think it will be fine as banks / restaurants / bigger brands for home building like kitchens baths , chain bakers/ medical groups / will still need commercial space on such a prominent road .....
Smaller and distant less prominent locations can be in trouble though

ShahzadQamar® replied on Monday, August 28, 2017 10:51 AM PST 

DHA commercials will definitely be heavily impacted by Packages mall. Only one or two more malls (as DHA is already planning), the normal 4M, 8M commercials will lose value or at least if not lose they will not gain much in future.

MEng. replied on Monday, August 28, 2017 12:31 PM PST 

Honestly telling that in July, through a dealer bank was offering 10 Crore for my 8 marla commercial plot in Z1 150 feet road. I backed off. Realized that have to pay tax as still 3 years are not completed since purchased the plot in 2015. Based on this, appears that there is and there will be strong demand from banks, food chains, etc. for these commercials. I don't see much impact of malls. Don't forget about the population which is increasing at a rapid pace. Commercial will be always in high demand on such locations. For sure, price will keep on increasing with demand.

Riaz 44 replied on Monday, August 28, 2017 02:18 PM PST 

Prism is totally overpriced. With possession pahse 8 had a correction of 3 Million/Kanal. Prism rates were manipulate artificially and kept high but now its no more possible with all the development charged due and 5-7 years time for possession.

Ali replied on Monday, August 28, 2017 02:21 PM PST 

Meng banks never vome to a place where there no persons to open account there or can have transactions etc. Banks never take a risk to go any place with low population not even plans like 5 years before possession never ever. They will even wait for years after possession so that it becomes populus. Next interesting thing is phase 6 is able to attract all banks just because of dha head office. If there would be no dha ofgice i am sure there would be not so much banks like it is now. Same things applies for the property dealers all woulf be sitting in y block and z block like they were. Now comes to food chains how many food chains are in phase 6 not more than 3 , how many clothing brands are there not even 5 font forget phase 6 is like 2000+ houses and after 3 years if it has like 2500+ houses.will food chains will be coming to place with like more than 2500 to 3000 houses or will wait for 5 years for prism and 3 years more so that it could get like even 1000 houses and customers.at that time phase 6 and 8 would be having like 5000 houses. Businessman thinks alot and do homework before coming to any place.

Ahmed Paki replied on Monday, August 28, 2017 02:24 PM PST 

Dear Readers,

I was checking to buy 8 marla com in ph 9 earlier. the prices i got in feb 2017 were like 850 lacs for 157 and 167 and 113 and some other plots but none 150 feet road. but now same plots like 157 is being offered at 790 before negotiation. so we can imagine, with the current political and financial condition of the country. I think the PH9 in specific will take a short dip in prices. as it was somewhat overpriced. But in the long run it will be good.

ShahzadQamar® replied on Monday, August 28, 2017 04:07 PM PST 

@Ahmed There is no DIP in phase 9 residential. But for Commercials I am saying since long that phase 9 commercials dont worth this price for investment gains.

Honest replied on Monday, August 28, 2017 10:06 PM PST 

People who really have the money and can afford these investments have no time to waste on these forums for useless discussions
Everyone plz go back to work and not waste time

Honest replied on Monday, August 28, 2017 10:06 PM PST 

People who really have the money and can afford these investments have no time to waste on these forums for useless discussions
Everyone plz go back to work and not waste time

ShahzadQamar® replied on Tuesday, August 29, 2017 05:24 AM PST 

Honest paiii...i personally know more than 30 people who have money and can afford investments and come here to read the forum before making investment decisions. They go to work and also dont consider it waste of time to read forum for investment decisions. By the way you are on work or wasting time at this website?
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(31)
Friday, August 21, 2015 10:09 PM PST 
Bahria Town Commercial Plot

Dear LRE ;

Please let me know current market price of 5 Marla Commercial in D block on 100ft road in Bahria Town Lahore?

One dealer in Bahria is selling me at 185 lacs ? Is this reasonable or I am getting deceived ...

Please help urgently as I am about to finalize a deal and need second honest opinion..

Also there is 8 Marla commercial for 43 million direct from Bahria adjacent to Eiffel Tower ... Do you think that is a good buy ?

Visitor replied on Friday, August 21, 2015 10:49 PM PST 

Stay away from Bahrain projects.

Helpme replied on Saturday, August 22, 2015 12:25 AM PST 


Please guide me on pricing.. These are all on ground options ..

Honest replied on Saturday, August 22, 2015 01:15 AM PST 

Compare it with price of other available options and you will know

Helpme replied on Saturday, August 22, 2015 01:53 AM PST 

Honest Bhai ;
It is not easy to predict as one plot for 174 and another plot for 190 plus... So how can I know real market price..

I think due to corrections in the prices, there are options available as per seller's earlier bought price in a good or bad time.

Ahmad replied on Saturday, August 22, 2015 02:30 AM PST 

Stay Away from Bahira project you will be in great loss in future if u finalize this deal sincere advise for you.

Ahmad replied on Saturday, August 22, 2015 02:30 AM PST 

Stay Away from Bahira project you will be in great loss in future if u finalize this deal sincere advise for you.

E.A replied on Saturday, August 22, 2015 03:22 AM PST 

Ahmed
Just keep in.mind that recently almost 10 lakh price is increased for each on ground plot of 10 marla.....and once LRR matter will be over you wont be able to fi d a 10 marla plot in kess than 80

sk replied on Sunday, August 23, 2015 01:07 AM PST 

185 is a good price, buy it for long term (3-5 yrs). Will give you very good return,

Helpme replied on Sunday, August 23, 2015 02:35 AM PST 

@ sk
So what is the current market rate ? ...

I was told by one dealer that this road is dead. As one of the plaza is still not rented for last six months there..

So I am confused if I am buying something which will give me a good gain

gauhar replied on Sunday, August 23, 2015 03:43 PM PST 

in this price go to sector-c commercial on back of main

info replied on Sunday, August 23, 2015 06:24 PM PST 

Bahria commercial is very good but my suggestion will be to remain within the approved main commercial area of Sector C. This is the hub of commercial activities, approved by TMA and has largest residential adjoining area. Further LRR may divide existing Bahria from Iqbal rafi blocks in sector E onwards.

kf replied on Sunday, August 23, 2015 07:24 PM PST 

Hi, Better try to find the commercial plot in Main Sector C near Mosque or maximum in Sector E on same Road. will give u good returns. Rest of commercials on sides will nt be that much popular mate.

many thanks
kf

Waqas replied on Sunday, August 23, 2015 07:49 PM PST 

Dear brother
Its true that commercial is always having a great potential to grow. Please note that the commercial prices in Bahria are very less. I own one commercial in Setor F Tipu Sultan block on Main Boulevard which I bought at 260 Lac in 2013. I am trying to sell this commercial since last two years but no one is ready to pay back my amount. Even I am ready to sell this at even very low price but no buyer is there. So please before making huge investment, discuss it with some people. I dont think that its worth to buy commercial in bahria at the moment. In Long term it can be. Rest Allah knows better.
Despite of this if you want to purchase then I will suggest you to go to Sector F where majority of Sector F commercial plot holders have only paid down paid or maximum one installment. PUrchase those plot at very very less amount than to invest such huge amount which you mentioned!!!

Helpme replied on Monday, August 24, 2015 05:47 PM PST 

Thank you all
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Thursday, August 20, 2015 08:18 PM PST 

:sh:

Salam Everyone

I am coming to Pakistan in 1 months time but only for 2 weeks.

Am I able to sell my plot within 2 weeks?

My plot number is:

Prism 9 - 5m - R1263

If not, then can I nominate a Power of Attorney on my behalf?

Please advise. Also my plot value

Thanks

Honest replied on Saturday, August 22, 2015 01:21 AM PST 

I doubt that unless you have NOC of your plot ready and buyer is available. You cannot sell on power of attorney.
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