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DHA Phase 7 Lahore | Current Files & Plot prices | Latest Development Activities | October 2021,

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   DHA Phase 7 Lahore | Current Files & Plot prices | Latest Development Activities | October 2021
Saturday, October 2, 2021 12:47 PM 
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DHA Phase 7 Lahore | Current Files & Plot prices | Latest Development Activities | October 2021



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Thinker replied on Saturday, October 2, 2021 01:03 PM 

Very good progress in Phase 7. I think after Phase 6, the next phase to fully develop will be phase 7. Prices are still low, so lots of people can purchase plot and build a house. Fairways is developing nicely and with Mcdonalds and other restaurants it would soon become a nice place to live.
Qaiser replied on Saturday, October 2, 2021 01:21 PM 

Any news on Masjid in P,Q,S,Q,T and U blocks?
Any updates on Park in T/S block?
thanks
Arhum Arhum replied on Sunday, October 3, 2021 12:34 PM 

Thinker, if you've been holding plot for a long time having purchased good location plot at value of 2.5 crore or below, then I can see worth of investment. But right now, good location plot is costing 3+ crore which is not worth it because you'll see maybe 10-15% gains in 1-2 years time. The initial investment has become too large and it's still a 'maybe' because giving phase 9 possession of 2-3 blocks is definite by end of this year. Whatever your thoughts are on phase 9 prism, there is no doubt that it will definitely take away genuine demand from phase 7.

Qaiser, I am hearing very solid news that because mcdonalds has started now, park in sector Y will start early next year within first or second quarter of 2022. As for masjid, unlikely a masjid comes in P, Q or S blocks as R block masjid is close by for them. Much more likely that T or U block masjid starts in first or second quarter of 2022. I am aware that DHA has planned one masjid for early next year, can only speculate the location but most likely T or U block.
Tahir replied on Monday, October 4, 2021 03:09 AM 

AOA
I am a non DHA investor but used to see increasing or decreasing rates in DHA as many relatives have investments there. In 2015 my cousin purchased a 1 K good location in W block DHA phase 7 amounting to Rs. 1.25 Crore. At that time all friends were abusing him along with me as well. From the owner he purchased was selling because he was going to purchase two plots in DHA 9 Prisim. Actually the purchaser was living in USA and did not have any experience of investment in real estate and on recommendation of any friend he invested in Phase 7.

In 2015 in Blocks B and Q demands were 80 and in R, N, M and H etc. demands were 60 in Phase 9. So 80 + 18 = 98. Although Phase 9 has some edge at present and there are prominent chances of increasing of investments there but as we were expecting Phase 7 is a border area and People have to shift in other localities as tension will increase with Indea and keeping all these things in mind investments are going to stuck there.

So at the end investments have increased in Phsae 7 as well.
Lost... replied on Monday, October 4, 2021 07:08 AM 

Dear Tahir, are you saying that in case of any conflict with India, Phase-7 will be a more dangerous place to live compared to Phase 6, 8, and 9?
Tahir replied on Monday, October 4, 2021 09:02 AM 

Dear as I mentioned that I am living outside DHA and I think phase 7is situated on BRB so that BRB was last defence line in 1965 war saved by Maj Aziz bhatti so I think so. However I have not seen physically DHA phase 7
alpha replied on Monday, October 4, 2021 09:13 AM 

Sir Tahir - you are right - Phase 7 touches the BRB canal. I think Arhum sb. is saying that Phase 9 has yet to fetch a the possession dividend ( which can be 1 crore or 1.5 crore ) - hence there is juice still in Phase 9. The better location of Phase 9, I believe is already accounted for in the current plots prices - however I might be wrong as I am not an expert here. Phase 9 has an edge of Phase 7 in the sense that the it is protected by the Hudaira drain and the enemy will have to literally swim through our *)(* to get to phase 9
Arhum Arhum replied on Monday, October 4, 2021 10:31 AM 

Alpha, thanks for yet again making a joke out of the discussion. 7's train for investment is gone now, 9 prism's is only getting started. 9 prism is the future of DHA living and no other developing DHA lahore phase after it will come to match it in terms of location or living. The location of phase 9 prism is already accounted for in price, sure but once it gets possession, it will quickly close gap between itself and phase 7. Either phase 7 prices will see a crash which is unlikely or prism will see boom which is definitely the more likely scenario. Not to mention that without a doubt, phase 9 prism prices will double in coming time.

Tahir, it is not a matter of whether investment increases or not. Over long periods, real estate investment anywhere in DHA's developing phases will increases. It is a matter of how quick, how much will have to invest and what is return rate. Phase 7 return rate is low right now, in fact you are better off investing in Multan or other DHAs instead. And there are no concerns of war happening ever. 1965 was a special time when he didn't have atom bombs, now we do. In terms of safety, Phase 7 is fine
Tahir replied on Monday, October 4, 2021 02:35 PM 

I don't intend to break hearts or destroy pleasent atmosphere but for sake of arguments I will add that Kargil war of 1999 and 2001 Pak India tension when hundreds of bankers were constructed on BRB is a prove that there is still a chance for limited conventional war may be after 50 years. These were remarks of an Indian Army Officer, however an Army personal may explain it well either it's wrong or right.

As far as increase in prices of property is concerned, we see every property prices are linked with each other. Increase in Phase 9 have also increased dead investment of Bahawalpur, Phase 13 etc.

At present Please 9 has edge due to its location which is near to city and I mentioned rates of 2015 above. Can someone guide how much Phase 9 investors have been benefitted till date as compared to Phase 7 from the rates of 2015 as at present I don't have correct idea of prices.

Thanks
Tahir replied on Monday, October 4, 2021 02:40 PM 

The effects of war may be worse for Phase 6 and 8 or for whole DHA as well. I mentioned that an Army Officer may explain it well but still there are chances of conventional war may be after 50 years
alpha replied on Monday, October 4, 2021 03:01 PM 

Again, I am not an expert so take my opinion with a grain of salt. It is an efficient market - when plots double in price in DHA 9 ( or in any other phase ) the prices will increase ( by 80% or 90% ) in other phases of DHA as well.
Arhum Arhum replied on Monday, October 4, 2021 03:58 PM 

Tahir, what joke-like comments are these. I'm pretty certain now you are sitting overseas commenting on this issue. Anyone with a sane mind sitting in Pakistan will know that we will never go to conventional war in that sense again. Kargil war is perfect evidence to that, both sides de-escalated tensions when international community pressure came in due to risk of nuclear war. Only army propaganda nowadays that we are still at threat of conventional war against India especially on our border along Lahore! If there is any chance of conventional war it will happen in disputed territory or foreign soil not along Lahori border.

Alpha, may very well be an efficient market but only to a certain point. Developing phases act similarly only to a certain point and developed phases do not change much in prices. DHA phase 1-5 barely saw jump in prices unlike phase 7 or prism did. Phase 7's juice is running out, it will not keep on increasing forever. It is approaching its limit or cap.
Tahir replied on Tuesday, October 5, 2021 03:22 AM 

Dear Arhum, as I mentioned that an army officer may explain well that in 2001 being atomic force both countries deployed their force on Lahore border and hundred of bankers were constructed on BRB and you may google Gen Aziz statements on the issue the then Core commander, Lahore. However, your comments right or wrong were expected to be delivered in good and polite manner.

As you are a property expert and especially phase 9 Lover so we were expecting from you to explain compression on gains of Popular Phase 9 and Dead Investment of DHA Bahawalpur which gained from 25 Lac to 60Lab (1K) and same case is the case of Phase 13 Lahore and all happened in less then one year.
Tahir replied on Tuesday, October 5, 2021 03:51 AM 

and also the compression with Phase 07 from 2015 to date and all know that after population rate of increase in property are bound to stop or see very less gains.
alpha replied on Tuesday, October 5, 2021 04:39 AM 

Dear Sir Tahir - Lahoris generally prefer to be close to the border rather than away from it whenever the tensions are high. This has been the case since 1965. Even now, whenever the tensions are high, the Lahoris venture out to the border areas to help our brothers in the trenches
Arhum Arhum replied on Tuesday, October 5, 2021 09:58 AM 

Alpha you are a king of comedy! Well done!

Tahir, I am a Pakistani investor living in Pakistan not a dealer. When the Abhinandan fiasco happened back in 2019, I remember military was mobilising along border, tanks and aircrafts could be heard moving in Lahore. Then what happened? Absolutely nothing! Army is there to prepare for the worst possible scenario but in 99.99% cases the worst possible scenario does not happen when you have nukes! Only overseas Pakistanis get scared like kittens over such things.
Tahir replied on Wednesday, October 6, 2021 03:49 AM 

Dear I can only say that you are 110% right, however, I was expecting your comments as expert of Investment in DHA, what investors have earned from Prisim, and from dead investments which I mentioned above from May 2015 (Balloting date of Prisim). As far I know that my friend sold a average location 1 K in May 2020 in only 105 Lacs and dead investments also increased during this period almost 200 %.

Yes Prisim future from now to onward seem to be bright being close to city but what was profit ratio in past of Prism and other dead DHA areas as mentioned above, I think it is close to each other.
Arhum Arhum replied on Wednesday, October 6, 2021 07:02 AM 

Tahir sb, there is nothing such as 'dead investment' when it comes to DHA Lahore market or DHA in general. In short run, DHA market can act irrationally or speculation can be seen but in long run, you will always see good returns. Property market in Pakistan went through stagnation period from 2016-20 hence why you think it is a 'dead investment'.

If you're buying property in Pakistan, buy it with the mind of long run gains because if you look for short term gains, chances are you'll end up disappointed and sell at a loss or reduced profit.
Phase 9 prism investor replied on Wednesday, October 6, 2021 11:36 AM 

1000% agreed with Mr. Arhum Arhum. For every ones knowledge i bought a plot in B block in 2016 cost of land in 80 paid 20 lac development charges and costed me 105 lac approx. But i was in dire need of money in 2020 so sold at 95 after 4 years of holding at 10 lac loss. But right after one year now same plot rate is 250.
alpha replied on Wednesday, October 6, 2021 04:04 PM 

Sir, what Tahir Sb. is saying that for pari passu comparison, last year has been crazy for all sorts of assets. Lithium doubled in price, containers cost increased by 5 times, US real estate market went up the roof, BTC broke $50K, USD crossed 170, MRNA vaccine went up 4 times. While the price appreciation in Prism reflects fundamentals ( location, iminent possession etc ) - but last year gave similar results for all sort of assets
Arhum Arhum replied on Thursday, October 7, 2021 03:31 AM 

Alpha, I can only touch upon reasons for why commodities and other assets have boomed. BTC was pure speculation as interest rates were lowered everywhere and people had savings they wanted to invest now that they were spending less as businesses were closed. The rest of the commodities you mention like lithium, containers/shopping, vaccines is all due to sudden increase in aggregate demand post-covid lockdowns. US real estate market once again boomed due to low interest rates and a changing social attitude of younger generation to own homes+older generation not willing to sell homes leading to high demand and low inventory.

For DHA property market, you fail to ignore the fact that prices were stagnant or slightly decreased from 2016 to 2020 April. In an efficient market, that does not happen. The market now is just making gains it should have slowly made from 2016 to 2020 April, a great lag took place. I don't expect prices of phase 7, 9 prism or any other developing phase to come down (at least not by much) even if market again returns to stagnation. Only files will be impacted by such a scenario. And let it be known, phase 9 prism has outperformed most assets and this is genuine growth. Prices of containers, lithium will return to normal and bitcoin will crash sometime in future but DHA property market will not crash or decrease in value as other temporary gaining assets/commodities have. There is a major difference. Investing in DHA is a sound investing decision, investing in bitcoin is foolish.
Old man replied on Thursday, October 7, 2021 05:01 AM 

Prisim saw a bad time from 2006 to 2010 and investors have to bear major losses. From 2011 to March 2015 there were minor profits or it was a stagnant stage. So I think investing in Dha is lucky for most of time but it my be bad time for some unlucky people for a specific long or short period. There are some chances it may happen in Dhv 10 or 13 as well.
Arhum Arhum replied on Thursday, October 7, 2021 09:46 AM 

Old Man, prism had not been balloted at the time. I will never understand prices of files, they go up and down very randomly. Again if you're buying file, keep in mind that it is a very long-term plan. Be prepared to hold your asset for 10-15 years if you want suitable gains.
alpha replied on Friday, October 8, 2021 06:54 AM 

Who acts as a market maker for DHA files. Is it that DHA indicates the price to its partner dealers and they set the price indicated by DHA ? If that is the case, if I am a seller and there is no buyer at that price, will DHA or the dealers buy the file ? I doubt that the price is determined by supply / demand
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