DHA Phase 8, Karachi
I am posting this discussion just for the sake of readers of this forum. I am a regular reader of this forum and I appreciate all the hard work CMY and his
team have put in bringing up this forum and make it a benchmark in Pakistan Real Estate Market. There is no better forum available for real estate discussion in Pakistan.
As I am a regular reader of this forum so I got info from CMY regarding the possible increase of price of DHA Phase 5 Ext. Lahore file. At that time the file was available little under 21 lacs. I tried to source the file and even contacted CMY regarding this file but very limited
files were available in the market so I did not get hold of any file until the price was increased around 23.5 lacs. At that point my father advised me that after transfer and all it would go beyond 25 lacs so I am already late on this and should look something else. Even if I had bought the file on that price, I still have made some profit and it seems that price would still go further up in coming few days until the ballot happen or the news come that there is no ballot for phase 5 ext this year. I want to congratulate lucky people who acted on CMY advice and got hold of some file and now InshaAllah they would earn good profit on it. Even if we deduct the tranfer and commission expenses the profit is still around 5.5 lacs in 2.5 to 3 months which is great. Good signs of reviving Pakistani Real Estate Market.
After not getting hold of Phase 5 extension file I tried my luck in Phase 6 and Phase 7 plots and I found that Phase 7 plots are still good investment as compared to Phase 6 plots for next couple of years as phase 6 gain would slow down however phase 7 would continue to gain and would gain at higher speed have people start making good number of houses in phase 7. In the meanwhile I came to know about the DHA Phase 8 Karachi option. I explore it further and came to know that it has even higher margin or price increase so I went with this deal.
So anyone who is looking to invest some money in real estate market should look for Phase 7 Lahore and Phase 8 Karachi at the moment because both of them have some potential. Phase 8 Karachi is a bit more expensive than Phase 7 Lahore but the gain is also more. So when you are exploring options then consider this option as well and if it suits you then go for it after thourough research. I was lucky as I had someone who deals in DHA Karachi as my relative so it was easier for me however not much information is available on internet. I bought this plot just couple of days ago.
AlhamdulilAllah, I am happy with my investment and pray from Allah that He make it fruitful for me. I once again like to mention that in real estate market timing is everything and had I purchased the Phase 5 extension file in January on time and sold it now on 5.5 Lacs profit, I could have gone for Phase 8 Karachi deal after earning profit on PHase 5 ext Lahore however this profit was not in my fate so I was not able to locate a file for me at my desired price.
This post is just to share my experience with other readers of this forum.