dear readers
just want to share ,looking at the LRE price list.dha 8 plot prices (range)has fallen 5 lacs in each block .
if we remember CMY`s post just before ballotting,he predicted that after ballotting there will be transient hike in price and then eventually prices of dha 8 plots will fall significantly due to many factors ,and this price fall will affect the price of dha 6 & 7 plots aswell.he further commented that
only dha 9 ,10 files will stay static or rise slowly.dha 8 plots have a big fall,phase 7 is already eartkly & 6 is going on the downside aswell.
I /was/am big Critic to CMY`s opinion but i have no hesitation to admit and agree that he was very much right ,further i am apprehensive that it may come down more??
whats the fate of DHA,
what shud we do with our investments???
loss-loss and loss -this is what i got since i invested in dha,multiplied loss and loss in terms of foriegn exchange and even in terms of pak value
what to do now
please share /debate
observer replied on Thursday, May 13, 2010 05:07 PM
Dear, this was expected all along, but no one was ready to listen to different point of view. One must at least visit the area when one is making such huge investment. DHA 8 is one of the worst designed housing societies with the main land still with dairy farm. The prices of Phase 8 have fallen earlier than expected. In my opinion these will fall further because of various reasons; supply glut, defective map, slow development etc. |
Jameel replied on Thursday, May 13, 2010 05:16 PM
At this time no Significant buying and selling is going on in DHA 8, Buyers are not interested till price is further down. When the price will go up ? It is difficult to answer but I can predict a big demand in 5,7 years time, After 5 years DHA 6 will have significant Construction and Phase 7 will also have some activity. At that time DHA 8 will ready to hand over.And it will surrounded by Populated area from all side then DHA 8 will be hot cake. |
dhaprice replied on Friday, May 14, 2010 04:38 AM
cmy
plz comment
my investment in phase6,7 n 8 made me to suffera huge loss
wat shud i expect in 1 -2 yr time please |
PROGRESS replied on Friday, May 14, 2010 05:45 AM
Its seems DHA is encashing their name depite providing services in actual.They are just running in annoucing new phases from time to time. While in reality phase 5 is not yet papulated. Then phase 6 and phase 7 have still some of its blocks are un-complete. In what circumstances they went for DHA 8, nobody knows.
Secondly, they are keeping things so hidden that their top class promoter don't know what will happen. For example parkview. If it was a part of DHA then why they not icluded with DHA 8.
SL2 people are hoping that DHA will take them in 9-10.if it happens they should not forget what is currently happing to parkview where the surity was 99% only 1% differance crash their hopes.
In the last I would like to add that DHA has over-supplied plots and plots with files and hopes of DHA 11 will help to decline its prices which will recover with a passage of time not in overnights anymore. |
Ibraheem Shah replied on Friday, May 14, 2010 06:45 AM
All respondants are thinking in sylo ( really sorry to say). I too have investmnet in DHA different phases and having a file in Park View and got a plot in X Block DHA Phase 8.
If real estate start thinking like share holders then problem ariseS. No doubt every one invests and thinks that his investmnet would grow but in real estate dynamnics are different . Here atleast one should plan for 5-10 year and than jump in this investment arena. This is slow pace market and daily news distort all,other every one has lot of options invest in gold, invest in shares etc..
By giving impatient responses either we are reducing wealth of assets or we are trying to grasp few weak nerves PPL ..
I would request all to reply on my comment |
Tahir replied on Friday, May 14, 2010 07:50 AM
Salam, Mr. Ibrahim and all other visitors
I would like to comment on Mr. Ibrahim statement that it needs 5-10 years for property to grow.
Which i am extremely sorry to say is a poor analysis.
All things that went down even iron( which went to 80k/ton to 35k/ton) by 5 year time it came back to 67k/ton.
Be it cement or anything it had risen.
I am taking these entities as it is directly related to the developed land we buy from private housing sectors.
I know these things we cant stock but if they get structured(like build a house) its worth it.
Coming back to property its local based and max. Gain is only for private housing authorities(which are big fishes)
I holded my plots for as long as 6 years in phase 7.
Never got a return even 4 years more would not make it worth because buyer has many options as till that time some structure of 8 and even balloting of 9 10 would be done.
And dont think so 9 10 will gain 4 millions in 4 years.
I never get this, Why everyone think residential plots are such a worth investing 4-5 millions. Its easy money ?
Let me tell you all whatever seems easy to double up money is double shah kind of fraud.
In the end i would say only way to increase property now is either create monoply of plots in market or wish that oil or gold comes out of the agricultural land. |
