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Lahore Real Estate Forum: Property News & Community Talk : ,

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   Real Estate Analyst
Thursday, June 16, 2016 02:25 PM 
Reply: >
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
SAK replied on Thursday, June 16, 2016 03:26 PM 

I think in this scenario, dha multan makes a lot of sense?
Mian® replied on Thursday, June 16, 2016 03:30 PM 

Real estate Analyst kindly first make your identity Registered. All fake assumptions without any fruitfull logics. Again reflecting fear of PRISM by passing all other phases. Kindly check the CMY post below for the reply of your illogical post.
Real Estate Analyst replied on Thursday, June 16, 2016 03:31 PM 

abc not at all . I think the best location corner facing park should not be more then 80lacs in dha phase 9 or prism or in ext . these prices are too high
Khalid Azad® replied on Thursday, June 16, 2016 03:31 PM 

Fasten seat belt and get ready for a major dip in price.
Current price are not justify and same scenario seens as 2015.
Khalid Azad® replied on Thursday, June 16, 2016 03:32 PM 

2005 read instead of 2015.
Bilal0071 replied on Thursday, June 16, 2016 03:43 PM 

test
MIT® replied on Thursday, June 16, 2016 04:04 PM 

The 'Unreal/unregistered' "Real Estate Ananlyst" thanks for your 'Durfuntany'. Come out from your hiding to be credible, if you think you are.
Real Estate Analyst replied on Thursday, June 16, 2016 04:46 PM 

yes i will get myself registered . i have already mentioned its my opinion . I could be wrong as well .please talk about logics arguments and facts whatever I have mentioned about real estate history that is true . or not . if you hold plot in phase 9/prisem . I can understand your feelings . yes I will get myself registered
HassanHC® replied on Thursday, June 16, 2016 05:08 PM 

Even if we carry this debate till eternity no result will come. I don't know who has done this post as identity is unseen so wont go into that, though I don't agree to his logic.

But one thing for readers to think:-

If phase 8 was more expensive at that time also and was not developed fully. And even not ready today, This tells that good location always command premium does not matter possession or no possession.

I like phase 7 6 8 9 also so I am happy with all these phases. All will make money and have made money possession or no possession is not the only defining moment with DHA as your money is safe and its a wait game only.
Surfer® replied on Thursday, June 16, 2016 05:15 PM 

Dear
Real Estate Agent
Fear, Fear, Fear
PRISM, PRISM, PRISM.
Reflecting in all those posts who missed their Golden chance of buying in PRISM right after ballot.
I just want to share another Information to "PRISMERS" that "In shaa ALLAH" near Eid Prism prices will seen another boom as the appreciation are just started seen in daily transactions.
Now come to property burst that are been discussed on this forum by many members.
As there is no such recession in pakitan than why we are discussing downfall in property prices but if there is than what happned to property in Lahore?
Meray bhai it will first of all effects files, Question arises why files because file is just an understanding promised by a developer to allot a plot its not actually a plot than overall properties not only in prism plots but in all Lahore and infact whole country will be effected.
I pray to ALLAH in this holy month of "RAMADAN" this will not happen in our country "Ameen".
I will not talk about World economic factors or Conditions as a whole. If that will be the case than worst case senerio world as a whole will be in recession circle.
Now comes to your point In property world there is only one golden Rule Location, Location, Location.
In my opinion In property there are three golden Rules: Time, Location, Money.
Comes to your factor location tell me if i agree with your statement that phase 8 has location in which plot prices are 2 crore plus (possession still awaited) What second choice do you have keeping in mind your golden rule Location. None other than PRISM.
I am not a great analyst like you but seen just few ups & downs in my life.
Tell me did ever phase 8 prices comes down after balloting & development no way. Although Phase 7 left behind which is even balloted first & partial possession first. If that may be case that question arises why phase 7 prices does not match phase 8 which far well balloted again the answer to this question is Location.
Do hope for the best & Pray for the best of the best to all regarding their Investments irrespective of where they are "Ameen"
Plz think hard to make any investment decissions
Real Estate Analyst replied on Thursday, June 16, 2016 05:28 PM 

well said surfer

in 2012 best location fully developed plot in phase 6 was 80 and averge was 60 and worest in N block was 40

In Phase 7 at that time plots were from 30 to 90 fully developed but no possession
at that time also phase 8 prices were way ahead then phase 6 and 7 although phase 8 was not developed at all . and as of today prices are much higher in phase 8

you know what is the reason LOCATION . In whole world when you buy the property only three things matters LOCATION LOCATION LOCATIIN

I dont think phase 9/prisem has that great location that it can hold the present prices . Period
I hope i get prism plot replied on Thursday, June 16, 2016 05:30 PM 

Mere Bhai PHASE 8 hai 2.5 crore ka wo to acha lagta hai kiyon kae location is hot.

PHASE 8 NO POSESSION but 2.5 crore plot
PHASE 8 NO HOUSE MADE but 2.5 crore plot
PHASE 8 NO SHOP MADE but 2.5 crore plot


PHASE 9 PRISM NO POSESSION but 1 crore plot now makes sense
PHASE 9 PRISM NO HOUSE MADE but 1 crore plot now makes sense
PHASE 9 NO SHOP MADE but 1 crore plot now makes sense

as you said it its the LOCATION LOCATION LOCATION

RING ROAD ONE SIDE
FEROZPUR ROAD EXIT
KNOWLEDGE PARK ONE SIDE
BEDIAN ROAD WIDENING AND RING ROAD FROM THAT SIDE

THEME PARKS GOLF COURSES MALLS CLUBS MINIMUM 50 FEET ROAD
Location replied on Thursday, June 16, 2016 05:59 PM 

The Phase 8 best location plots ( 2 kanal plots on main boulevard) are only 150 to 200 feetsaway from Phase 6 and Phase 7 ( escpecially Pblock) how you can say Phase 8 is better location than Phase 6 and 7
Phase 6 , 7 ,8 are connected with each other when these Phases are fully populated it will be like Phase 1,2,3,4
Location is hot for prism replied on Thursday, June 16, 2016 06:02 PM 

Phase 8 and 9 both have excellent location.

One is 2 crore and other is 1 crore.

After 5 years one will be 4 crore and other will be 3 crore

PHASE 8 AND PRISM both have VIP location

PHASE 9 near FEROZPUR ROAD, RING ROAD ACCESS, CONNECTED WITH TOWN BEDIAN ROAD PHASE 6. FULLY COVERED WITH INHABITATION NO BRB CANAL OR INDIA BORDER ISSUES
Real Estate Analyst replied on Thursday, June 16, 2016 07:10 PM 

only time will tell that prism has excellent location or not
Asif replied on Thursday, June 16, 2016 07:22 PM 

My Dear Real Estate Analyst,

I dont know much about investment and real estate.

I was involved in prism Market since 2013 accidently due to a fraud in open market so i found DHA best and safe investment. I think for long term investment there will be no dip.

marla file- 35- today 10 marla plot 70 if any dip it could be 60 but still a halal and safe investment.
2014- 5 marla file 22- 5 marla plot in prism 35 , if any dip it could be 30 but still safe and halal investment.
2016 Feb- brought 1 Kanal Plot 7 Million today it is 10 million yes it has high risk if there is dip.

I mean in short , its so difficult to turst and invest as sleeping partner. also people Dont like to put money in bank for interest.
instead giving negative feed back we have to accept its a business with is more safer but yes risk is there. they way you wrote ur note it gives expression tomorrow Prism market will fall down and every body will be loser.

I strongly belive CMY statments. Till now I never hear a single negative word from him. I think you read his notes and what he wrote about correction & relation with prism.

Allah knows best & Hope for the best
MD® replied on Thursday, June 16, 2016 08:37 PM 

Let southern part of LRR complete in a year... once LRR is functional along with visible development process in prism in a year or so... u will see it reflecting in price.
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