Dear friends, seniors and LRE, I would like to draw your attention to the fact that prices in DHA Phase 9 have seen very good growth in previous two to three months however they are not correctly reflected upon LRE website.DHA9 prices of 1 Kanal of top locations have reached 150 lacs in upper cuttings and around 130 lacs in lower cuttings like Block H, Block G etc. The block H which was previously highly underpriced has gained a lot and its excellent locations are now between 120 lacs to 130 lacs (although availability of such plot is very rare).
I have talked with some dealers and they say that prices are expected to rise more in Ramzan and onwards as development work is going on in Phase 9 on 150 feet roads and ring road construction start has given Phase 9 a good boost. They expect this trend to continue.
It seems that very good and excellent locations plots are crossing Phase 7 plots even at this stage when there are atleast 3 years till development. This shows investors' interest in Dha Phase 9 which is due to all the factors mentioned many times by respected CMY.
Please comment on last two months price rise and expectations of future for Dha Phase 9. Looking forward to a healthy discussion.
Arif M® replied on Tuesday, June 7, 2016 04:13 AM
Zameen rates are mostly higher compared to actual market. I think LRE rates are much near to where the deals materialize.
It is true that prices are rising for last 2 months and at this point they are already at peak. For example there are above average 5 marla is selling for 38-42 lac without development charges. If we add dev charges into it it almost becomes 50+. Where as the market reality is that we have possession plots available in DHA town in 55 lacs range.
I am not aware about 1 kanal market, but for 5 marla its is bher chaal in my opinion. Prices may still rise due to this bher chal but these will be stuck eventually or get correction coz no genuine buyer will buy a 5 marla plot in this price when he can get a ready plot in DHA town in same price.
People are expecting more price increase with development of ring road, main roads. If prices keep increasing like this then we will have DHA prism 5 marla non ready plot selling at higher prices than ready plots of DHA town. Which does NOT makes sense. Because DHA town has almost same location as rest of DHA prism and also way ahead in development phase. So in my humble opinion this is also sort of bher chal. |
Ali replied on Tuesday, June 7, 2016 05:35 AM
This important and genuine post should be addressed |
Sageer replied on Tuesday, June 7, 2016 06:16 AM
I also feel price diffecnce @LRE vs real prices espacially projects on Ferozepur road like, Central Park etc. |
Z.F replied on Tuesday, June 7, 2016 09:26 AM
LRE is not updating prices since 2 months. Its not good at all. Prices are gained a lot. |
Surfer replied on Tuesday, June 7, 2016 10:22 AM
@ M.A.K you draw this attention today & I am going to draw this attention for the last 6 Months that PRISM is ganning on a very silent pace with reasons to gain.
But I see that most of the members here are not Intrested or least Intrested to my observations that I shared on this respected forum most of the people here talking about files & files & files. It seems like this forum is some kind of stock market that without any geniune reason applying simple demand & supply rule they promoting long term projects as they balloted & devolped & just going to possessed within next month.
CMY sb. Cautioned to take care. But promoting projects they are not yet being launched is simply ridiculous.
Yes it is bitter truth and yet not been digested by many members here. But I always try to tell them see both sides of picture.
May be my truth become bitter for some of the members here but I always write for those people that are been or used to be trapped in projects that are in decades to come.
Even today my I.d is used by a person to misguide a member who is asking for a sincere advice regarding PRISM.
I feel today that now I get myself registered not for myself but for those who wanna seek sincere advice.
No body here indicated or even seen that wrong high rates regarding a project is been displayed but i have seen so as CMY has seen afterwards they are been deleted. What is this? Some kind of joke playing with people hard earned money.
Yes you are right PRISM askings are day by day increasing due to genuine reasons like boundry wall, fast pace development, LRR, & now another reason Badian road expension plan. I tried my hard level best to tell people on this forum that PRISM is future of Dha Lahore. "In shaa ALLAH" time will decide soon.
Yes upper blocks asking are now cross 130 mark & 150ft askings are 150+ while in H block & J block also seen a huge increase due to LRR effect. Big long & Medium term Investor are still searching good locations in the market. Good locations are like tickets as there is one sold out in hours specially in upper blocks and now in lower blocks as well. J block 5 marla upper cutting asking is above 40 now. While H block 150ft road asking is 140+ now. Moto should be believing in seeing.
In my point of view in 1 to 2 years are very gainning period for PRISM.
I would prehend apology to those who do not like my words & if they hurt.
But truth is truth.
Project comparasion should be on equality based. |
Salman.A® replied on Tuesday, June 7, 2016 01:01 PM
LRE post REALISTIC TRADEABLE RATES. NOT DEMANDS OF INDIVIDUAL INVESTORS.
at zameen.com i can post my plot for 200 lacs, no one will stop me but that doest mean my plot worth is 200 lacs.
LRE tries to post rates where actual buyer and sellers exists. and in RISING property market rates can vary.
Instead of telling people what the real rate should be and what LRE is doing wrong, take their price as a reference. few lacs up and down is ok but wayward prices means something will be fishy. |
CMY replied on Tuesday, June 7, 2016 03:22 PM
Surfer please reserve your name asap to avoid misuse. I dont have time to read each post and spend hours to see who is using real ID and who is using fake Ids. I have requested dozens of times to reserve Ids and post with reserve names or Ids . All posts with out reserved Ids should be ignore as spam and given zero value from readers as one person could use more names a lot more easily. |
CMY replied on Tuesday, June 7, 2016 03:31 PM
Even today my I.d is used by a person to misguide a member who is asking for a sincere advice regarding PRISM.
I feel today that now I get myself registered not for myself but for those who wanna seek sincere advice.
Please reserve your Name asap to avoid misuse. You spent lots of time to help others. I wont answer other objections. I knew many friends wont like my comments but I said what I felt in market direction audio |
Jameel Mughal® replied on Tuesday, June 7, 2016 05:03 PM
In my opinion DHA Phase 9 fate will be be like phase 8, ie Prices will not dip but remain stagnant at certain level, which is actually good, better than downfall in waiting period |
Surfer replied on Tuesday, June 7, 2016 10:17 PM
Dear CMY
Requested to add me as "Surfer" request sent on you whats app. |
