Mr. Jameel, This is with regard to your reply on my post 51569 regarding below subject:
Which is better investment? DHA Phase 6, 7 or 8?
Your reply was:
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Jameel replied on Tuesday, February 8, 2011 02:10 AM PST
All tose area which are developed and eople start making homes the prices grow, This is not very difficult sicience, I remember 5 ys Back people were very Critcal About phase 5 Location, Now same is hot favorite, You have seen prices of DHA 6 soring to about 35% High in just 2 ys time after possession and start of Construction.
Same will happen in DHA 7 and DHA 8,
In DHA 8 no developmental started yet, People are just waiting how DHA will be able to develop the area as 1/3 of Total area have very deep pits. If you Plot in DHA 8 level area still there is concern that DHA may not make development very Late, Due to this Concern prices are low at this time.
If You want surest thing Go for DHA 7 and Phase 6. Phase 6 Though rices have increased but still there is some potential in certain Blocks.
If You can take Risk [mainly in time frame] then DHA 8 is also good and have good Potential of doubling soo after developed and possession available. If You ask the question in how much time DHA will be able to devlop that. Then see that area physically no comments on that.
<b>I wrote one more question for you in that post but probably that post has gone down and you have not seen it again otherwise you would have answered it. Any other brother is also welcome to contribute.
My Question:</b>
Considering the CMY's advice that Phase 8 prices would fall in near future, Risk in development time frame of Phase 8, I think I should rather go for Phase 7 however I do not like the location of Phase 7 as such. It is too close to BRB Link Canal and border. I know that I am not going to live there rather I am just buying it for investment but the same thing can restrain the price of Phase 7 plots to go up. Isn't it?
However I do agree with your simple science that where people start making their houses always go up. Which block in Phase 7 you would recommend?
Which block you would suggest in Phase 7. People are saying that R Block is the best block in Phase 7 but its price is already much higher as compared to other blocks of Phase 7. Do you think that buying a plot now in R block still makes sense and high price of R block would go further high? I do not believe that it would go up as much as surround blocks of phase 6. Any idea about the price of those blocks in Phase 6 (M,N,L,K) which are close to R block?
Muhammad Saad replied on Thursday, February 10, 2011 07:07 AM
Mr. Jameel, My question is also included in the above post in the last few lines. Please reply.
Any other brother is also welcome to contribute. |
IR replied on Thursday, February 10, 2011 07:15 AM
I strongly believe if you have budget, go for DHA 6 and if you have less money then DHA 5 ext. is best option instead going for bad located DHA 7 or undeveloped DHA 8. DHA 5 Ext. has very good location as compared to DHA 7 and have no concerns about development issues. As CMY suggested that DHA may be able to develop this part/block on his own which is less than 1000 plots. |
Jameel replied on Thursday, February 10, 2011 09:44 PM
DHA 7 have most potential of price Growth I Think you better go for P Block away from village towards Main Bluvard, The only down side there is some Litigation but if You carefully locate your plot the on ground clear area have no problems. It is better than any other deeply located Block of phase 6. To me phase 6 and 7 are same Phase 7 was previously called phase 6 ext. So if DHA 7 have bad location then DHA 6 cant have good location either. One KM does not make any difference if we talk of proximity of Border. The Most expensive DHA houses are called Golf Raya are located in phase 7, Now Many people think that Golf Course is in DHA 6 but in fact it is located in DHA 7 and its map was released with DHA 7 map.
People who want to be dead sure they are going for more developed and Problem free parts of DHA7. The Blocks which are almost 80% developed now are
R Block
Most of S Block except encroachment
Q Block except area Close to village and Barki road
T Block
U Block
R Block is rated more looking at its location and Its development , but I Think it will be affected more worse by Pengali Village traffic, as it looks that DHA will not close this entrance to village, to give access to Graveyard in R Block. Many other things will unfold in coming days. |
