DHA 8
In fact I went to Lahore before March 20th To buy a file in DHA 8, but almost all dealers advised me that forecast of DHA 8 Plots is very low. Hence I did not buy. I shall highlight few observations which were astonishing for me.
1.Still we don't know DHA 8 development charges I went to DHA office to ask them and they told very clearly that it is not decided yet.
2. You can see most of Landscape of DHA 8 while passing through Broadway and level in 1/3 of area is about 10 to 18 feet Below Road level. This is big Concern even if DHA may do some filling it will take too much time in development and 2ndly on soft Soil foundations may sink., I am sure they will not level the area because they did not do so in broadway commercial. In such area the the speed of Construction will also be slow. Construction cost is big concern these days [Recently you may buy a good Plot in 40 Lac and Construction is Costing 80 Lac.]
3.The
prices in Broadway commercial are about 40% Low than what asked in DHA 8. As Broadway commercial in on the Neck of DHA 6,7,8 should be most expensive area. So I think "Winners" of commercial Plots will lose 1/2 of money straight forward.
CMY Posted a map showing the rates of DHA 8 residential Plots if that is true then an average winner of Plot will lose minimum 10 to 12 Lac. Only time will prove that. If it happens so then DHA 7 and 6 will also shed some price.
It is nature of overseas investors that they like property directly from developer and think it will be risk and dispute free. No matter same thing is available in open market in substantial discount.