Adnan replied on Monday, July 26, 2021 05:07 AM
In my opinion, this is not a good time to sell prism, simply because possession is expected this or the next year depending on the block. Price will certainly shoot up after possession. I have seen my Phase 7 investments more than double in the past two years after possession, so I would hold the property. Again, you have to make an estimation based on the plot size and compare with other blocks. For example, a 5 marla plot will only go upto around 90 to 100 lacs in value, 10 marla to about 125 to 150, 1 kanal is a different story. Phase 7 kanal plots are selling at a high of around 300 lacs, phase 6 which is highly populated is around 400 lacs. You can expect your plot to be around 250 to 300 lacs after possession and some level of construction activity, depending on the block. If you are already close to this price, you may want to sell now, or wait and sell after possession is announced. Being overseas, you also need to keep an eye on Rupee value, as a price hike with Rupee devaluation may mean your dollar value remains the same or declines at worst, which means you may want to get rid of it now and invest in smaller plots elsewhere. |
