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DHA Phase 9 Prism Lahore Civic Zone-1 | Current Prices & Overview | Drone Video | September 2021,

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   DHA Phase 9 Prism Lahore Civic Zone-1 | Current Prices & Overview | Drone Video | September 2021
Thursday, September 16, 2021 12:49 PM 
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DHA Phase 9 Prism Lahore Civic Zone-1 | Current Prices & Overview | Drone Video | September 2021


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Mian replied on Thursday, September 16, 2021 01:28 PM 

Great
Looks good
What is the rental potential of 8 Marla after possession at 150 foot main blvd ???
Kamal Khan replied on Friday, September 17, 2021 05:49 AM 

It is a 100 milliom dollars question. Today, 8 marla is priced roughly at 14 crores and 4 marla at 6 crores, with the potential to become double i.e. 28 crores and 12 crores, respectively. Adding the construction cost, the commercial plaza is likely to cost 32 crores for 8 marla and 15 crores for 4 marla.

How much rent these (high valued) plazas are likely to fetch, and would the expected rent make any economic sense to make such huge investment?
alpha replied on Friday, September 17, 2021 06:38 AM 

Just for comparison , the plots in central business district were auctioned for 1.4 crore per marla. Prism 8 marla commercial is priced even higher than that (1.7 crore per marla). Something is not right
Arhum Arhum replied on Friday, September 17, 2021 07:58 AM 

Alpha, it is DHA effect. DHA is where the wealthiest of people live so purchasing power is very high. Secondly, sections of DHA lahore like Y block, H block are already large commercial markets where people from everywhere come. Similarly, phase 6-9 will be ultimate commercial hub. We are already seeing it happen with phase 6 commercials MB skyrocketing to about 15 crore valuation.

Similarly, there is no question phase 9 prism will still double in commercial values. 8 marla will easily hit 30 crore valuation in years to come especially due to their prime locations. Phase 9 prism will cater most residents because prism is roughly equal to phase 6+8 in size. Not to mention, phase 10 the biggest phase being next door to prism. There is no question that prism commercials will double
alpha replied on Friday, September 17, 2021 10:02 AM 

All the best.. I agree in the long term it is it will double or triple or quadruple and we are all dead
alpha replied on Friday, September 17, 2021 11:17 AM 

People ( including myself) would go to Y block or H block 2 to 3 years ago. Now folks go to malls ( Packages and Emporium). There are wonderful new malls coming up in DHA ( Penta square, Dolmen, Raya etc). I believe there will be a mall catering to Prism encatchment area as well. We keep on circling back to the same thing that malls and online have eaten 8 marla's or 4 marla's lunch
Arhum Arhum replied on Friday, September 17, 2021 11:36 AM 

Alpha, Punjabis are not attuned to mall culture. We occasionally enjoy going to malls for a fun day out but most of our shopping is done through 4 and 8 marla commercial markets. I myself prefer going to small markets instead of malls for shopping as do most. Phase 6 will become huge due to dolmen mall, raya fairways, another mall in sector N/P as well as your main boulevard commercials.

Malls and online have in no way eaten 4 and 8 marlas lunch. Bigger retail brands have shifted to malls but majority business is still done through 4 and 8 marla commercials. Grocery, banks, restaurants, medical stores and most businesses are not suitable for malls. Malls are mostly for cinema, entertainment and retail/textile shopping. And forget online. Online shopping has increased but barely placed a dent on in-person business. In foreign countries situation is different where people even order most groceries online but in Pakistan, online game has long way to go and will have to play catch up for a long while
alpha replied on Friday, September 17, 2021 01:21 PM 

Interesting insights. I am trying to wrap my head around the contradictions. While you say that the richest of Lahore will live in DHA ( specifically DHA Prism 9 ), but they will go to malls for window shopping and entertainment only.
Arhum Arhum replied on Saturday, September 18, 2021 04:22 AM 

There is no contradiction in that. I've personally seen in Emporium that most people are just window shopping and same for other malls
SFGCS replied on Saturday, September 18, 2021 08:41 AM 

@ Arhum Arhum:
How do you see the future of Commercial of second tier societies like Paragon, Royal Residencia ?
Especially if one has a smaller budget.
Arhum Arhum replied on Saturday, September 18, 2021 04:20 PM 

It's not bad but not great either. I say this because residents in such societies generally have far less purchasing power than DHA residents and secondly, these societies are usually isolated and enclosed meaning not as much fare through. Paragon commercials are not a good option at all as they already compete with barki road commercials and I know for a fact that a big portion of paragon residents go to burki road for shopping. Why is this important? Because then less money is spent on businesses occupying commercials in paragon itself which is why you see imperial mall being totally empty. Hence less chances of getting building on rent and getting lower rent offers per price than in DHA.

Fare through is also very important. H and Y block are terrific locations for businesses to thrive because so many people pass by and through those areas when going to/from home even those that don't live in DHA. Same goes for phase 6 MB commercials because phase 6 main boulevard connects barki and bedian road so lots of fare through traffic or non-DHA residents stop by for shopping. DHA administration is very smart when it comes to planning commercials.
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