Lahore Real Estate Forum

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(72204)
Wednesday, April 6, 2016 06:33 PM PST 
advise

Need your views people,

I visited Phase 6, 7, 8 (Parkview and Proper DHA phase 8)...

I have to say that these three phase 8s, air, parkview and dha are very much similar. They open on ring road and have a main blvd that goes straight down into minor divisional roads.

DHA Phase 8 does however connect to phase 6. DHA parkview phase 8 connects to Barki road.

After visiting all these phases I genuinely think that phase 7 is a really good location to build and/or buy a plot right now. The phases where possession has not been given is good for investment purposes. Frankly speaking I did not like phase 8s at all and do not understand why theres such a big price difference :S ... Phase 7 is much bigger, cleaner and does not have three separate entrances...

There was a time when everyone sold their phase 7 plots because they thought it was a bad investment. My own friend's father sold 4 different 1 kanal plots because there were some rumours of phase 7 not doing so well. today the prices have gone crazy at phase 7...

what do you guys think? I am planning on selling one of my 2 kanal plots to buy 3 plots in phase 7 for investment purposes. is that a good idea?

Ahmed replied on Wednesday, April 6, 2016 06:45 PM PST 

Honestly, I was never in favor of Phase 7, but in my last visit to Pakistan in Feb-2016, I got convinced by visiting the site and then decided to do investment in Phase 7 commercial file.
My advise to everyone that please visit the site and then decide.

XYZ replied on Wednesday, April 6, 2016 07:38 PM PST 

Mr. Foreigner: Most of the members here are prism lovers. I am sure, soon you will start receiving advices to invest only and only in prism, best of the best is prism, future of DHA is prism, bla bla.

So listen everyone and decide yourself as per your requirements and ground realities. Phase 7 is as good as other phases of DHA. So if you like phase 7, what is the problem in buying a plot there either for living or for investment. Soon there would be no difference between 6 and 7.

dubai replied on Wednesday, April 6, 2016 07:48 PM PST 

im holding a plot in phase 7for two years and honestly speaking returns are very slow. my similiar small investments in raiwind road societies have doubled during the same time interval. buy phase 7 only if yu want to make home in
DHA lahore. investing is not advisable.. its better to invest in phase 9 town instead as small product appreciates more as compared to 1 kanal

Salman replied on Wednesday, April 6, 2016 08:00 PM PST 

Agreed 100% with dubai. Returns are indeed very slow in Phase 7. I am also holding a 1 Kanal good
location plot for the last 1 year but hardly any considerable gain.

Surfer replied on Wednesday, April 6, 2016 08:08 PM PST 

@ XYZ KEEP IT UP. NO COMMENT FOR YOU.
@ FOREIGNER BHAI ITS MY ONLY ADVICE FOR YOU TO VISIT PRISM AS WELL. & INVEST WHERE YOUR HEART & MIND AGREES.
☺

dubai replied on Wednesday, April 6, 2016 08:08 PM PST 

im also thinking of ofloading this bad investment. at that time i had the option of buying two
files of prism in similiar amount and i wish I had taken that decision but my dealer lured me into investing in phase 7 instead

Shah replied on Wednesday, April 6, 2016 08:11 PM PST 

Dear Foreigner
Your observation is spot on. Phase 7 is the most under priced phase in DHA at the moment. So the chances of appreciation here are the maximum. As to what Dubai sb mentioned in his post, this phase under performed in the last 2 years due to investors focus on PRISM which has now stabilised at a certain price level and no quick gain expected there in short term. It will still remain a good long term investment though.

I myself had a couple of plots in phase 7 which I sold last year due to same factor of under performance and regret the hasty decision now) but now phase 7 is all set to leap forward. Just study the average price of Phase 7 data between Dec 2015 to now and you will see how much appreciation has already happened here. And despite this appreciation, it is still the most under priced property in DHA. Also search for CMY comments in the last 60 days about phase 7 and you will see it being highly recommended by him at this stage.

My other suggestion to you would be to split your investment between Phase 7 residential and commercial file in case you want to invest only at one place instead of making a portfolio with split investment in multiple phases. Within Phase 7, which is under priced on the whole, the most under priced piece of property is Phase 7 commercial file at 205.

As a rule of thumb, commercial brings the highest rate of return in DHA. If your sole purpose is investment and not making a home then always prefer commercial over residential to maximise the ROI on investment, provided you can afford the commercial.

Good luck with your decision making process!

Foreigner replied on Wednesday, April 6, 2016 08:14 PM PST 

bought a phase 7 plot in 2010-11 around 40 lacs, that plot right now is 120 lacs. This isnt a slow return on phase 7.

I'm looking for long term investments. I currently hold a plot in prism as well but I don't see what makes prism better than phase 7 or 8 or anything really. PRISM is far and has nothing special than what we've seen before. Phase 7 is cheaper which is why it attracts people. It has potential for investment in 3 - 4 years. thats my 2 cents.

Foreigner replied on Wednesday, April 6, 2016 08:22 PM PST 

Shah I am quite amused by your thoughtful opinion and advice. Are you a property agent or do you invest yourself? I'd like to hear more on commercial prospects since I've never invested in commercial. The only thing that bothers me is that IF after balloting your commercial file is turned into a 4 Marla plot where no one wants to open anything then you'll have a hard time finding a buyer to get rid of it. This in my mind is a higher gamble than buying a plot in middle cutting which you know isnt a bad
location.

Imran replied on Wednesday, April 6, 2016 08:22 PM PST 

can anyone please share their comments on future of dha phase 7 5 marla file.

M Zahid® replied on Wednesday, April 6, 2016 08:39 PM PST 

@Foreigner
There is nothing wrong with Phase 7 for house building but for investment purpose, please go in the market direction. You can not change market perceptions whether wrong or right but phase 7 is valued less by investors. My friend invested 35 lac in Jan 2012 for phase 8 file and now his plot is near around 2 crore. I had plot in phase 7 which i sold and bought two by adding some funds and are showing very healthy gains over last three months.
So please invest wisely as market can be manipulated but very hard to create. Phase 7 will take time to correct its
prices.

Adrees® replied on Wednesday, April 6, 2016 08:44 PM PST 

Surely preFabricated post

Shah replied on Wednesday, April 6, 2016 08:45 PM PST 

First of, am not a dealer. I invest. And isn't that why we are all here on this forum? :) Currently I have investments in multiple phases of DHA in both residential and commercial.

Through the last decade or so experience of investments and reading and learning from other knowledgable members of this forum I have concluded that the highest return on investment is either on a 5 marla cutting as highest number of buyers readily available in market OR on commercial property. ROI is the holy grail for serious investors. And its maximum ONLY in above two categories. 2 kanal and kanal have much lower ROI than these categories.

Secondly, I wrote a detailed post on why 7 commercial file at 205 is the best investment at this time a day or two ago and you can look it up in below posts of yesterday/day before. As to you point about getting a bad
location in ballot, that probability of hitting it big time (getting a main bcd/corner/facing large parking plot) or getting stagnant (bad location plot) always remain in file business be it commercial or residential. Many risk averse people tend to liquidate their files just prior to ballot when files take a sudden jump on ballot news. If you are risk averse sell your files (commercial or residential) just when market peaks before ballot and exit with a handsome money. If you are a risk taker like myself, hang in there and see what the fate has in stored for you. Sometimes you do hit BIG :)
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(72202)
Wednesday, April 6, 2016 06:28 PM PST 
Prism Commercial zone 2 and 3

In which blocks of Prism are Commercial zones 2 and 3? Which one is better between the 2?

LRE® replied on Saturday, April 9, 2016 03:43 PM PST 

Dear Sir,

zone 2 is better
prices in zone 2


Civic Zone 2
8 Marla : 435 to 500 Lacs
4 Marla : 265 to 315 Lacs



Salman Maqsood
Lahore Real Estate
+923004009967
Email:INFO@LREPK.COM
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(72201)
Wednesday, April 6, 2016 06:27 PM PST 
Evaluate

Ad Type
City
Scheme
Phase
Block
Size
Cur. Rate
Lahore
DHA
6
F
1K
Dear LRE
Please evaluate the current price of my below plot.
DHA,Phase 6 F-225
Regards ,

Talal
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(72199)
Wednesday, April 6, 2016 04:10 PM PST 

Dear LRE,

Please evaluate Q/159, Prism phase 9 one kanal.

Thanks

LRE® replied on Wednesday, April 6, 2016 05:54 PM PST 

Dear Sir,

prism near plot Q 159 can be sell around 88 lacs



Salman Maqsood
Lahore Real Estate
+923224009967
Email:INFO@LREPK.Com
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(72198)
Wednesday, April 6, 2016 03:45 PM PST 
ADVISE

Ad Type
City
Scheme
Phase
Block
Plot
Road
For Sale
LAHORE
DHA
9 PRISM
C
40 TO 50
150 FT MAI
With ref to my question asked at serial 81035,watching your valueable comments,rather becomming wise i am confuised now.anyhow thanks to all.i have offered the dealear 124 lac for same plot.if he will agree i will buy.if not then it means the seller is not serious.
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(72197)
Wednesday, April 6, 2016 03:25 PM PST 
BAHRIA SECTOR F BALLOTING

i came to know that balloting of sector F is done so pls confirm .Also people telling that new blocks named Tariq Bin Zayad & Aziz Bhatti blocks came.an map?

Ahsan Ashfaq replied on Thursday, April 14, 2016 02:21 PM PST 

Aziz bhatti block map??
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(72196)
Wednesday, April 6, 2016 03:16 PM PST 

what is best option to have ready plot for contruction with in budget of 90 lakh in DHA Lahore any where

XYZ replied on Wednesday, April 6, 2016 03:40 PM PST 

phase 7, possession area. you can start construction immediately.

Reborn® replied on Thursday, April 7, 2016 05:50 AM PST 

Can easily get 10 marla good
location plot in phase 7, add 10/12 lacs and you can buy kanal in phase 7 too.

XYZ replied on Thursday, April 7, 2016 02:04 PM PST 

@Adnan: Where did the questioner mentioned that he is looking for 1 kanal plot. Everyone knows it is difficult to get 1 kanal plot, even at average
location in this amount. I too, suggested him a 10 marla plot and in 90 lacs he can get a 10 marla plot at prime location of Avenue 14 (150 feet road).
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(72195)
Wednesday, April 6, 2016 02:32 PM PST 

I am looking to buy res plot to construct house in phase 5 dha only within 6 months but for buying plot my budget is 16000000 and only i can get plot in good location phase 5 M block
Kindly give me good advice as I go for it as price is very attractive as compared to other blocks of phase 5 might after sometime i cant able to buy plot in M block as well as possesion will be announce before june 2016
The location is also very good after it connect with underpass with main phase 5

THANKS ADVICE PLS

asif replied on Wednesday, April 6, 2016 04:49 PM PST 

Go for M block take the decision of life time otherwise you will miss the train
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(72194)
Wednesday, April 6, 2016 02:20 PM PST 
For Surfer

I feel sad that because of me you could not invest in prism but at the right time i tried to advise friends like you to invest in prism but that time there was some problem from web site and i was not able to write anything.

ShahzadQamar® replied on Wednesday, April 6, 2016 02:24 PM PST 

When
prices went upto 50 I told everybody to stay away as prices might go down to 42. They did but upto 43-44 range only and when started going up I tried to convey my message to buy but could not as posting was not possible

Surfer replied on Wednesday, April 6, 2016 07:31 PM PST 

Thank you Shahzad bhai that you really mean it. But the time pass away Cannot come back it just like "sand slipped from hand".
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(72193)
Wednesday, April 6, 2016 02:07 PM PST 
Plot Transfer Charges DHA Lahore Phase-7

AOA: LRE Team

1. Please inform the break up for transfer charges for DHA Lahore Phase-7 01 Kanal Plot.

2. Transfer Charges for Prism-9 10M Plot.

Thanks

LRE® replied on Wednesday, April 6, 2016 02:13 PM PST 

Dear Sir,
phase 9 prism 10 marla transfer charges

total 142500/

membership fee 37000/
transfer fee 51500/
cvt 20000/
stamp duty 30000/
doucmentation 4000



Lahore Real Estate
Email:INFO@LREPK.Com
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(72192)
Wednesday, April 6, 2016 11:48 AM PST 
price assessment

dear LRE Team

please evaluate ,Q633/phase 7,cornor,on 150ft road,Avenue 13
further has the DHA acquired the land between Q block and Barki road
thanks

LRE® replied on Wednesday, April 6, 2016 02:01 PM PST 

Dear Sir,

Phase 7 near plot Q 633 is around 105 to 110 lacs


Khadim Hussain
Lahore Real Estate
+
Email:INFO@LREPK.Com
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(72190)
Wednesday, April 6, 2016 09:13 AM PST 
>
(72188)
Wednesday, April 6, 2016 05:28 AM PST 

Aoa
I have 3 million to buy a plot to build a home for residence in future.
As a friend told me about Govt officer's cooperative society 1 kanal around 3 million next to bahria orchard
My wish is to buy minimum 10 marla in this budget
Kindly advise

Thanks

umerjee replied on Thursday, April 7, 2016 12:04 PM PST 

GOVT officers society very poor maintaince.go for central park ferozpur road.10 marla available in G and F block in 3 million.only buy in possession area.dont delay
prices are rising day by day.
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(72187)
Wednesday, April 6, 2016 02:19 AM PST 
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(72186)
Wednesday, April 6, 2016 01:59 AM PST 
Options to buy a 5marla plot on installments

Aslam-o-ALikum

Please advice on options to buy 5m plot on instalments in reputable housing society instead of file with the budget of 3 million.

Thank you
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(72185)
Wednesday, April 6, 2016 01:47 AM PST 
Dha Phase 8 - Best Town Planning

1. Unique Town Planning. Its done on cul-de-sac concept, although no closed alleys but distinctively only 2-3 entry/exit points in residential blocks.

And that you'd know help create a very secure living environment as the access can easily be monitored and controlled, if need be.

2. Main commercial areas are reasonably separated from main residential. So no trespassing traffic within residential area. I dont know what that would mean to you but for me it means peace of mind.

4. Look for the number of parks in each block I think they are more than any other phase per number of plots. Not to mention the 144 kanal Broadway park.

So if u r considering it for house building, am sure DHA Phase 8 has the highest potential for a heathy and family friendly neighborhood.

Now have a look at any other DHA phases or even Bahria Town, you won't find such a town planning, streets are exposed from all sides and anyone can go thru inside short cut streets to avoid traffic. This will be very unlikely to happen in phase 8. I think Bahria offers this kind of town planning in Bahria Homes blocks only.

So that's the stand out merit.
In addition u know its next to ring road. Try measuring distance from ph 8 to any place in Lahore, u would love its accessibility. When the southern loop gets going, it will become even better.
Now for the monetary part u see it competing with phase even without possession so u can take a guess at Prices in a year's time when possession is granted.

I dont know if it is still the case but i think CMY sb once mentioned that the highest holding by army personnel is in Phase 8. So there must be something that the insiders are holding on to it.


Residential blocks are open from all sides. Now some would see as a good factor for easier access but to me thats annoying when traffic could come from anywhere.

kk replied on Wednesday, April 6, 2016 01:49 PM PST 

DHA phase-8 is best out of all phases due to its ideal
location and access, thats why price of undeveloped plots is almost same as developed phases. Plots and blocks near to ring road has potential to break psychological barrier of 4 crore for one kanal and would become the most expensive neighborhood of lahore in coming years.

Adrees® replied on Wednesday, April 6, 2016 02:37 PM PST 

yes it is best of best from
DHA Lahore and people would love to have a house in this phase

Asif replied on Wednesday, April 6, 2016 03:21 PM PST 

Hello MBS..

1): I have double checked Phase 8 map, it is not Cal-De-Sac design or any different than DHA 6 , 7 or 5...Please check again.
DHA 8 follows the same pattern and design like DHA 6,7.
I would say, more entry exit points means more convenient to move anywhere... A main entry barrier on each phase on major entrances is just enough for security (e.g in Bahria town).

2): The main commercial areas are always separated, Plz check DHA 6 and 7... they also have separate commercial areas. And you cannt totally cut it off from residential.

3): I cant figure out if DHA 8 has more parks than DHA 6 , 7 etc .. Please give us your count.... Although i can see that DHA 8 has more graveyards than any other phase of DHA ... The biggest graveyard is 161 Kanal in V block.


The points you have mentioned are really not selling points and trust me it is not Unique town planning than 6 or 7 and 9.
The only plus point is it is near to air port and mall road and easily approachable... I am writing my viwes candidly (although i have investment in DHA 8).

MBS® replied on Thursday, April 7, 2016 01:57 PM PST 

Asif, look again :)

How many entry/exit points do you find in any of the Phase 8 proper blocks?
2-4

And like i said its done on cul-de-sac concept but not with closed streets. To make it easy for you to understand, there's a strip of 2 or 1 Kanal plots all around each block. They will serve as a soft boundary of each block. Do you see it in 6 or 7 plan?

The point that you like more entry/exit points is just fine, i said so that other phases are open from all sides and some people would like them better. But i don't... coz that also means more trespassing traffic and lesser security.
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