Further Cooling is being seen in Prism especially smaller Plot Now prime Location have Gone down about 20% Peak Level.
Looks Like the predications about prism fall will be true, Average Plot rose from 70 Lac soon after ballot to about 105 Lac Near June within 10 months 50% Gain. My Anticipation is it will go to 87 Lac Till Jan 17,
Now we are seeing that Plots are eating their Installments i.e. In spite of 3 Payments prices are not reflecting increase rather down
Ahsan® replied on Monday, September 5, 2016 11:19 AM
It always happen in slow market with non developed projects. The prism will take its time to come on track again.In my opinion,the market will remain stagnant for next six months at least and prices may come down further 10%. This phenomenon is not new and it happens in a cyclic pattern. |
HassanHC® replied on Monday, September 5, 2016 04:00 PM
It's a cycle but have patience as it will be slow for some months but fundamentals are very strong. Next few months will be good for long term investors to catch deals which were not possible in hot days. |
Jameel Mughal® replied on Monday, September 5, 2016 07:34 PM
Still we have to see the clear indications of reversal of prices in prism. As at this time volume of transaction is very low, two possibilities are there either it will come further down to match buyers expectation or Volume will remain low for some more time, Both situations are bad for prism and as most of plots still have 9 to 10 Installments of development charges,
Exactly same history of phase 7 is being repeated factors are different this time. In 2009 in spite of good progress in development DHA phase 6,7 Touched Bottom. |
Nabeel® replied on Tuesday, September 6, 2016 04:54 AM
For short to medium-term things don't look too good for Prism. Still 15 lakh development charges to be paid. I think people shot themselves in the foot by needlessly encouraging the crazy hype and hurt Prism more than if price appreciation would have been slower.
Super-heating market never benefits anyone except suave investors who exit before the fall. |
AhmetKildir® replied on Tuesday, September 6, 2016 05:06 AM
Habib bhai kaunsay plot may 20% reduction huwi hai? I am interested in buying if it's a half decent plot of any size. |
Qudoos replied on Tuesday, September 6, 2016 06:07 AM
@Ahmet. For any buying, you will have to sell your prism plot first, for which there is no buyer at the moment. So calm down. |
User_PK9549® replied on Tuesday, September 6, 2016 08:40 AM
I am a buyer and I'm waiting for prices to come down. I haven't found a plot with 20% off. I can't even make a deal with 10% off. |
Ahsan® replied on Tuesday, September 6, 2016 08:47 AM
Prism is a great option but it takes long time.It will gain once the LRR will complete and Prism development will take some shape in next 2 years (After 2018 elections). The possession will take at least 5 years from this stage. I recently been to Lahore and visited this area, based upon my observation it is a huge project and it is next to impossible to complete it within next three years regardless of what DHA say. There are very less buyers in market and investors are not keen to buy unless they get a solid bargain in the range of 90-95 lacs for above average plot with three paid. |
waiting replied on Tuesday, September 6, 2016 10:39 AM
Best time to buy prism will be in 2019 after installments finished inshAllah. |
MD® replied on Tuesday, September 6, 2016 11:07 AM
20% means plot of J block upper cutting avg location in 45 pre value should be available in 36Lac.. If there is anyone willing to sell his plot in 36Lac in J blk upper cutting.. kindly contact me through LRE |
prism replied on Tuesday, September 6, 2016 11:33 AM
@Waiting, keep waiting |
Khurram® replied on Tuesday, September 6, 2016 11:59 AM
I also plan to buy plot in prism and holding my funds to get something after the prices are down significantly. Let's see when can I get one :) |
Mian® replied on Tuesday, September 6, 2016 01:14 PM
@ MD selling my J 125 block upper plot through LRE. Kindly contact MR. ASIM or MR. Jawad of LRE to contact me.
Thank you. |
MD® replied on Tuesday, September 6, 2016 06:02 PM
@Mian .that plot is facing graveyard..i am interested in avg location away from boundary n graveyard |
Mian® replied on Tuesday, September 6, 2016 06:26 PM
@ MD It's not facing graveyard but near to it. It's facing huge road on the front. I think you have not noticed that it is very near to interchange of LRR towards ferozpur road. Anyhow keep trying to find good ones.
Good luck |
AhmetKildir® replied on Wednesday, September 14, 2016 10:47 AM
Koi jawab nahi mila.
Kaunsay plot may 20% reduction huwi hai? |
