Zulqadar replied on Tuesday, May 29, 2018 04:32 AM
In case of phase 7, there are two more important point which are causing price differential:
1. possession and non possession plots; upper cutting has possession and lower cutting is still non possession.
2. General perception of phase 7, i think it is considered that is far becuase it doesn't have direct connection of ring road (phase 9 is connected directly to ring road).
In my humble opinion, price differential in upper and lower cutting of phase 7 is going to reduce in near future because:
1. possession of lower cutting
2. Currently one can make cheapest house in phase 7. u can built a complete double storey house with in 260-270 lacs in phase7. In lower cutting one kanal plot is around PKR 10 Million.
3. currently we only end user in market, who wants to built the house and live in it. there is no investor and for end user the cheapest choice is phase 7. phase 9 is at least 3 years away and IVY green around 1 year. hence no other choice except phase 7.
i think phase 7 is a good investment in the current environment. At the end of the day, you can in DHA by investment only 260 lacs, which is the plot price of phase 6. |
