Until last week and since past 2 3 months there were lot of buyers and very few sellers. Now during this week balance has started to shift and lot more sellers than buyers in last 2 days. 90% plots in market are on baina. There could be trouble for many baina holders as time is running out for them and budget time that is very slow for trading is getting closer and closer. Buyers are not willing to pay high current prices asked by baina holder. On top of this buyers have started to hold purchases due to new taxes/ documentation fears in next budget.
In recent weeks there was lot of genuine buying from people looking to start new houses or wanted to buy and hold plots for longer terms. Daily transfers numbers had increased 10 times. But now looking at number of plots on biana in market from financially week property dealers that may not be able to transfer plots in their own names I see market may stop the steep rise for next 2 to 3 months or may even fall few lacs.
Sellers must sell in next 2 weeks to be sure to get benefit of huge recent rise in DHA 6 and DHA 7 in past 2 to 3 months and buyers may buy good location plots wisely during next 2 to 3 slow months during budget taxes rolla rappa and political fighting between PPP and PML N. I do expect further rise in market after 2 to 3 months as there is huge development work in DHA in many phases, infrastructure improvements, new house constructions and good events taking place in DHA 6 7 and 8.
I think DHA 5 plots will be unchanged and sell between 65 to 130 lacs in next few weeks.
I think DHA 6 plots will stay same or fall 3 to 5 lacs and sell between 45 to 90 lacs in next few weeks.
I think DHA 7 plots will sell between 35 to 60 lacs in next few weeks.
I think DHA 8 plots will gain 3 to 5 lacs (DHA8 will try to catch up with DHA6 10 to 15 lacs price rise in past 3 months) and sell between 42 to 65 lacs in next few weeks.
I think DHA 9 files will get weak again and sell at plus minus Rs 10000 near 15 lacs for next few weeks.
I think DHA 8 Parkview files will stay same and may not fall from current level. Trading in Parkview files is almost nil. No sellers and no buyers. Hardly 2 to 3 files get transferred each month. Parkview files may improve if they are included in DHA8 Z block during this year.
Info above is my personal opinion and observation only. Please dont buy or sell any property based on just above info. If you dont like this info please disregard it. Its your money you are not going to share your gains with me and I am not going to share in your losses so do a lot of research on your own before any sale purchase of any properties and be responsible for your own actions in future.
Also see
Lahore Real Estate Market Direction Jan 2011 Have a nice day.
Ch Mujahid Yasin ( CMY )
03224009967
