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Lahore Real Estate Market Pulse Nov 26, 2008 5.40 PM,

(49443)
Wednesday, November 26, 2008 11:47 AM 

DHA Lahore Phase 8 Allocation: Buyer(s) at 35.00 Seller(s) at 35.10 Lacs


DHA Lahore Phase 9/10 Allocation: Buyer(s) at 15.00 Seller(s) at 15.10


Trying to understand sudden weakness in market.

limo replied on Wednesday, November 26, 2008 04:17 PM 

CMY, who establishes these rates? Are these established based upon the deals that take place in the market on a particular day.And if there is no business in the market at all on a certain day, how rates for that day would be determined?

Jameel replied on Wednesday, November 26, 2008 04:22 PM 

May be some big File holder touched the Market

AHMAD replied on Wednesday, November 26, 2008 04:47 PM 

Please let us know when you have understood the reason

ali11 replied on Wednesday, November 26, 2008 07:02 PM 

Interesting answer by Jameel

Dunhil replied on Wednesday, November 26, 2008 07:27 PM 

It seems, this is to create psychological effect or trend based on their wishes.

Habib replied on Thursday, November 27, 2008 04:33 AM 

6 months back when DHA file was 40 lac I met an ols dealer of DHA, he told me some "parties" are holding upto 500 files of DHA 8, If they try to sell definitely price would go down. But i think all these effects are short term, true value would be determined after Ballot and knowing the correct location of phase,Its comparison with parkview files and imposed development charges. So still there are many factors which will determine its actual worth. It looks the Gap between phase 7 and 8 prices are gradually coming down, The difference had been as much as 33 vs 52[40+ dev 12 lac] 2 months ago and now it is 32 vs 48 [36+ 12 dev], I think correct worth of DHA 8 Plots should be determined by P block of phase 7, If you can get good Plot in P Block in 42,43 Lac then no guestion of phase 8 average plot in 50, as P Block is as good as phase 8, {assuming that phase 8 will be at same place as expected, then what is difference on left or right side of expressway], But people will realize it much later.

alpha replied on Thursday, November 27, 2008 09:57 PM 

AoA
I can think of three scenarios

1)- Dealer 1 calls Dealer 2 : "Kee rate ey ujj",
Dealer 2 "mein pundra wich kudi ey"
Dealer 1 " Chul sadey pundra laa diyo"

2)- Grand Daddy owns 500 files and act as a market maker

3)- Dealer collusion based on dealer network

JI replied on Friday, November 28, 2008 07:30 AM 

Dear alpha
Good analysis. But option 1 is diffcult as it implies dealr 1 calling dealer 2. Hence some expenditure.

other well may be.

Question remains: what could be real anaylsis: someone sitting right outside DHA office asking anyone who leave did he buy or sell any property and at what price? CMY is actully doing that I suppose.
I am assuming a number of deals are done everyday to reflect a change in price.
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