KSA Banker® replied on Monday, March 11, 2019 02:11 PM PST
Dear Friends, I have a similar question. I visited the DHA-9 town and Prism during my last visit to Pakistan in December 2018. I entered from Bedian Road and exited from the point near Ashiana. I saw the boulevard of DHA-9 town as an extension and part of the boulevard of Prism. The CZ-1 in Prism is barely 10 minutes walk from CCA of DHA-9 town and both are on the same boulevard. Now, if we see the prices indicated from time to time by LRE or other sources, we can see that an 8-marla on ground main boulevard possession plot in CCA of DHA-9 town can be probably purchased today for around PKR 70-75 million. DHA-9 town is getting populated quite rapidly and in another couple of years time, there may be enough population in DHA-9 Town to support development of commercial space in the CCA of DHA-9 Town. So investors purchasing those plots may be able to start generating decent rental income in a couple of years and it may only improve once next door neighbor (i.e. Prism) gets possession and starts getting populated.
On the other hand, the prices estimated for 8-marla main boulevard commercials of CZ-1 in Prism are indicated to be around PKR 90-100 million. As so rightly pointed out by some forum members above, those commercials will probably not generate any rental income for another 10 years. So in light of this price disparity, timing of maturity, and location on the same continuous boulevard, does it make sense to go for commercials in Prism today compared to CCA of DHA-9 town? It is just an open question for input from all respected members of this discussion forum as I may be missing some points being an expatriate and living far from the place only occasionally visiting.
Looking forward to your kind input.
Best Regards |