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Phase 8 Ballot,

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   Habib
Sunday, April 4, 2010 10:49 AM 
Reply: >
People had been waiting for last 7 years for phase 8 Ballot, But I am astonised to see disappointing response of Market. Which is in such a deep slump that no stimulus is ready to wake it up.
imran replied on Sunday, April 4, 2010 10:54 AM 

OMG just imagine that the ppl who got the files in in 6 years before at the rate of 80 Lac.......
PROGRESS replied on Sunday, April 4, 2010 12:01 PM 

People who will buy it in 55 lac still face more losses according to Mr. Habib and CMY's prices wise new MAP.
PROGRESS replied on Sunday, April 4, 2010 12:06 PM 

According to the DHA 8 map study bad location plots will effect the good location plots not only in phase 8 but in 6 and 7 also as these phases are not establish yet and are still in plots shape.
imran replied on Sunday, April 4, 2010 12:23 PM 

after 55 lac still need minimum 8 to 10 years to get populated this phase
Salim replied on Sunday, April 4, 2010 02:07 PM 

These are all speculations to paint a very pessimistic view. Look at the location of Phase 8, it is the closest DHA phase to cantonemnet. Even if there are any bad locations, its ludacris to say it will affect phase 6 and 7. If that logic holds, check the rates of the bad location phase 1-4 plots and compare them to the reasonable location plots. Even the worst DHA phase XX and plots close to Charar in Z block, are they at bargain price?

It may be true that it might take 8 years or so for Phase 8 to look like Phase 1-4 but then again based on its general location, in 8 years its price might be well over 150 lac. I think after the ballot, phase 8 prices will be 48-60 lac depending on location. Its just wishful thinking that you will be able to buy a phase 8 property at 35 lac and its going to drop the price in phase 6 and 7.

p.s. I dont own any file in phase 8, just trying to analyze the situation.
Rashid replied on Monday, April 5, 2010 03:57 AM 

I agree with Mr.Salim point of veiw. Invester create panic in Market
when they like to buy property, and when they like to sell, they said
this is gold.
Another perspective replied on Monday, April 5, 2010 10:38 AM 

Another perspective:
In a country where you have to spend 14 million to buy a Prado, I think 5.5 million for 1 kanal plot (that too in installments) is peanuts.

If you look internationally, people spend a lifetime paying for mortgages whereas for an SUV type vehicle lease they can easily pay off within 5 years.
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