Everyone is giving there opinion I thought I should too :). The reason for all this is mainly and defiantly the tension between Bharat and Pakistan. I have done research for the past few days and have found out that nearly all of the societies from Thokar all the way to NFC 2 are going stable, sure when you call for a plot or want to sell the market is cold but no one is selling in a panic and due to this the rates if not going up in some cases are stable.
In DHA especially the undelivered Phases and the files I think the main reason is lack of confidence in DHA Lahore. I think people have had enough, 1) The ballot of phase 8 should have been conducted a year ago plus there are many more army quota files coming into the market which have helped to cripple the market. 2) Phase 7 dose not seem to have any future, there are many large unattained pockets in half of phase 7 and it is very near the border. People are now thinking, what is the point in investing in such a phase where they are the victims of big investors every year. For the past 3 years the cycle of phase 7 has been repeating itself. At this time the rates have gone below the post ballot period. People are thinking why they should invest in such a society where they are being given a roller costar ride, Up and Down every time.
The most important reason I think is that, DHA is next to the border. I mean it is a laughable concept that the provincial capitals most prestigious Housing Estate and Airport are located next to our most hated enemy. ALLAH forbids anything happens (War) the Airport & DHA will be the first targets for Bharat.
I think a few dealers and big players are trying to save what ever’s left of the DHA market. I mean look at Phase 6 I am shocked that its most expensive has come down to 67 lacs where as it went to 90lac. Confidence in small investors only comes when they know that if there investment grows it will stay on the reached platform.
Jameel replied on Thursday, January 8, 2009 08:43 PM
If there is real war this will lose even more, but Dont forget there have been Housing Projects even after BRB, Batapur is after BRB, Drs Society on canal and many projects near Jallo are also near to BRB, If we argue of worsening geopolitical situation, there is no end. Even 2nd world war generation cannons have 30Km range.
If there will no real war then this worsening of Price and real estae situation will quickly reverse rather it may over shoot. But if there will be real war in these sectors then impact might be long lasting. So an interesting situation has been created by over all moral and many people will get benefit and others will lose. |
Salam replied on Friday, January 9, 2009 08:18 AM
IMO, DHA prices will pickup once it is connected by expressway to Multan road via Ferozepur road and Raiwind road!
DHA and all concerned societies should think seriously in this direction and request President of Pakistan to start few mega projects in Lahore. |
