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Comparison of DHA 9/10 VS Phase 7,

(49966)
   Sajad Rashid
Wednesday, January 7, 2009 03:28 PM 
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Sajad Rashid

Dear CMY

You have clearly outlined the issue and given two possible outcomes that could arise either.

(1) DHA phase 7 plots will increase in price
(2) DHA phase 9/10 file price will decrease

Could you know please state what you think will happen according to yourself and please be honest and do not worry about peoples feelings this site is known for its honesty and sincerity.
Jameel replied on Wednesday, January 7, 2009 04:13 PM 

Simplest reason is, DHA 7 plot is cheaper in comparison to 9,10 file and it ready to be developed and handed over investment, so both of them will adjust to fill abnormal gap.
Sajad Rashid replied on Wednesday, January 7, 2009 06:51 PM 

I understand that this is an abnormal situation but to rectify what do you think will happen will file price decrease or will phase 7 plot prices increase.

That is the question that I had asked ?
Habib replied on Thursday, January 8, 2009 06:38 AM 

Prices of DHA 7 will increase after development is completed and it is handed over, but Tension between India and Pak has someting to do with it. Although all DHA including Lahore airport is Close to Border, But Most people think the real Border in BRB canal [Though infact Border from that point is 9 KM], So if the tension between india and paksitan will vanish then you might see quick price hike in Phase 7. DHA 9,10 have slightly better location than phase 7, But it is so massive Phase that such a huge supply of plots will keep market dull many years, I mean 40,000 Kanal supply is massive. So i dont think it will gain much even after ballot or development.
Another thing is noticed in last few years that after Ballot price rather decrease than increasing, I think possible reason is that there are huge percetage of investors, they are waiting for different stages to sell,
1st stage Ballot, 2nd start of development, 3rd Hand over and, 4th Population
I when any of such stage come too many investors rush for sale and this creates imbalance in the trade and prices fall. So over all it complex situation but I think best advice is to go for most mature and least priced property in comparison, if you have cash and want to get benefit of this situation.
Shahzad replied on Thursday, January 8, 2009 11:27 AM 

Dha Phase 7 will definately increase as compared to 9/10 because the possession will be given this year or Max next yr in few sectors. the reason for such low prices is just cuz of War threats and econimic crisis.... Economic crisis will not be sorted out so quickly but once the war threats are over phase 7 will come back to its original value.
CMY replied on Thursday, January 8, 2009 02:17 PM 

I truly believe DHA 7 prices will recover instead of DHA 9-10 falling further.

75% plots on sale in DHA Phase 7 are just fake sales advertised in market by few dealers having tough time in=n this weak market or weak hearted owners. When you tell owners we have a buyer for his plot and what a seller will be getting at time of transfer seller just change their mind and fail to sell the plot at these lowest prices.

I see min 3 lacs jump in price of DHA 7 plots in coming days.


Again if some one don't like my opinion please just ignore it. Don't buy or sell looking at these posts. Do some on ground research and see where other societies are sold. Housing schemes in most of Lahore that have only 10 feet wide unpaved streets no parks no running water sewerage system no phone gas or in many case no elect yet cost 2 to 3 lacs per marla these days. Even in villages like Berki Jallo Batapur etc price is above 2 lacs per marla. I will still call them villages because they lack all basic necessities of life.

Here in DHA 7 If any one is still thinking twice to buy a 150 feet road plot at 36 lacs I think he is still not well informed and will miss a chance of lifetime to buy DHA 7 plots at these low prices. Same plots were hard to find at 47 to 50 lacs just 4 to 5 months ago. Many plots are floated in market at low prices by just a few dealers to scare owners so they sell them at lower price because its difficult to find a buyer.


I will give you an example a plot T 29 is for sale on 150 feet road by true owner at asking price of 38 lacs and he may finalize deal at 37 lacs. But few fake plots are floated in market by dealers next to his plot at 36 lacs asking price. These dealers will scare the owner by telling him your plot should be sold at 36 lacs or lower because a plot next to yours is at 36 lacs asking price. I know the owner very well and spoke to him he said he have never authorized any dealer to sell plot under 37 lacs. But since many dealers are floating plot next to his or near his plot at 36 lacs I could not give this plot to any of my own clients at 37 lacs. Since I am asking a high price of 37 lacs as per instructions of owner I may be last person to get an offer of even 35 lacs because others asking price is lower than mine. I am 100% sure when I do have a buyer at 36 lacs and will ask those dealers that were selling same plot at 36 lacs they will tell me owner have now changed the mind and not selling plot.

Now some one here will ask me than why you are advertising this plot T 28 at 36 lacs too. My answer is I have no choice but to report you what is available in market and at what price. MAY BE there is another True seller in market near that plot. I must try to get best price you my buyer and will must try to see if that is a a fake plot or real plot by sending offer with cash to seller or sellers dealer.


Not many real sellers in market only fewer real buyers these days. War like situation have created these unreliably low prices. If you have some money you should take a chance. Investing is risk and nothing is risk free. One must think hard how much reward could be had with how less risk by investing here at these prices. Like high prices never stayed high in 2005 these extremely low and unreal prices wont last for long too.

This is Pakistan nothing was ever good here in past but life goes on. Those who take chance get rewarded in long run. If any one could perfectly time best buy or sell time he would be a billionaire and wont be talking to us here on this web site :)

Ch Mujahid Yasin ( CMY )
0322-4009967
0300-4009967
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