A lot of friends are discussing here that DHA9/Prism
prices are too high and they need big correction
I have been following this forum for last 12 years and have seen many ups and down . I am also of the view that dha9/Prism prices are too high its very risky to invest in prism at this price
I still recall back in 2012 dha 6 was fullying developed and possession was available but a good ;
location plot was just for 80plus and average location plot was for 60lacs and the worst location plot was for 40lacs in N Block
Phase 7 was also fully developed but there was no possession available and a best location plot can be bought @60lacs .
In dha 9 / prism . at least they will need 5 years to develop and the another 2 years for possession and after 10 years it will become live able
Yes I agree at that time phase 8 prices were much higher than phase 6 or Phase 7 but you will accept in real estate there is only one golden rule LOCATION LOCATION LOCATION . and phase 8 has much better location then Phase 6 and Phase 7
The current DHA phase 9/prism prices does not make any sense to me in case of phase 7 although everything was developed but DHA has given possession after 5 years and in case of DHA Phase 9/prism nothing is developed yet I think first house will be built after ten years
these are my personal views I would like to see comments from other experts I may be wrong as well