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Lahore Real Estate Forum: Property News & Community Talk : ,

(67662)
Saturday, September 17, 2011 06:23 PM 

DHA phase 5 extension location is probably one of the worst locations in all of future DHA. It's unfortunate that when we talk of "good location", we mostly mean how close the area is to big roads, airports and existing phases of DHA. I feel that's a very narrow criterion for defining a good location. If you have a plot which is closest to all attractive features of a society but is facing a village, would you call it a good location?

The site earmarked for phase 5 extension contains one BIG village and a large number of smaller housing units. The side facing ring road is mostly owned by private owners who will never sell it to DHA. One the southern side you have another BIG village called LEEL and on the eastern edge you have the kamahan lidhar road which too is infested with small build up units. Now my question to you guys is...if DHA draws a rectangle map on this side and shows you a beautiful yet blurred map in its publications, does that mean that all these negative features have disappeared from the ground? The village will always be there, these scattered houses and shops will always be there. Don't be fooled by dealers and other people with vested interests into believing that a plot located in the vicinity of so many village-quality houses is worth 40 lacs. For people who need a reminder, look what is happening with V block of phase 7. On their map, they are still showing a beautifully townplanned sector located next to golf course and all major approaches to phase 6, but I don't need to mention that it has now become one of the least sought after blocks of phase 7 because of the ground reality.

Anybody interested in buying in 5-extension should visit the site themselves or at least analyze it from google earth. doesn't mean if a file has become "hard to find" or "no sellers" it implies that it has become a good investment. Go for areas which are clear on ground and offer you a good environment. For example U and T blocks of Phase 7 are one of the most beautiful blocks of all future DHA because they are absolutely free from any negative features. But these blocks don't qualify as "good location" as per the standards floating these days. Even the DHA town in phase 9 is a good location, with clear land and with no village in it.

So friends, i will strongly advice you to stay from 5-extension. If you are a gambler, then anything is ok but if you are somebody who can only buy one plot and wants to play safe please stay away from 5-extension. Phase 9 is a much better option. Most of phase 6, Blocks U, T and W, parts of R, S, P, Z and Y in phase 7, only those blocks of Phase 8 which are a good distance away from the villages and graveyards and ring road, S-block phase 8 ( another good location but often ignored by people), most of DHA town and also phase 9 files; I feel these are all safe and sound investments.

replied on Sunday, September 18, 2011 12:50 AM 

I do appreciate the way you mentioned the facts.It is very thoughtfull and realistic analysis. I akso plan to build a house in phase 7. Thanks again for your input.

Mr. Khan, Saudi Arabia replied on Sunday, September 18, 2011 03:46 AM 

I don't know why in Pakistan people always give a lot of importance to live near the Airport?

In all the civilized world, airports are located at a distance quite far from the populated areas (say 30-40 KM and somewhere even more)!

Khan replied on Sunday, September 18, 2011 04:33 AM 

Till now I could not understand the logic behind leaving away from villages? Are the people living in villages are not human beings? Are they aliens? Being Muslim, everyone knows that his/her ultimate end is "grave".

Habib replied on Sunday, September 18, 2011 04:42 AM 

I agree to most of things DHA 5 have Ext have No Comparison with DHA 5 , But from DHA I have learned that most of Buers are not buying for Making homes rather they are investors, 90% of initial houses are built by Thekedars [investors] This i learnt from my recent search of old Built house in DHA.
So when people show interst in DHA they are not Focusing on How to live or How to reach here, they take into account only future market vale.
The market value is driven by factors you mentioned above but also by market trend . If you see the price of DHA 6 and 7 these days you will learn That soon it will be impossible to get wosest posession plot in DHA in Less than 50 to 55.
So if you go for DHA 5Ext today you will earn money.
Now see another spectrum DHA 8 , park view and Air avenue have far better Location than all 6,7,8 but people are not interested to buy there. I have calculated all aspects and air avenue is better but market trend have no logic.
In last 5 ys I have seen most logics have failed and market trends prevailed.

CDW replied on Sunday, September 18, 2011 05:45 AM 

Mr. DHA (you're even afraid of revealing your name/identity) your analysis is biased, and full of irrelevance. On one side you're favoring DHA Phase-7, DHA 9 Town (which is even far in approach, located just above of 5-ext), and on other hand you're angry of living near villages. Don't forget initially what was surrounding all other DHA phases till date? 5-ext is going to have direct access from ring road service lane, and DHA Phase-5 as well. It's part of DHA's best phase i.e. Phase-5, and surrounded by Phase-9 Town, Askari 11, Ring Road, and yes 1-2 villages as well.

It's a very safe, profitable and good investment, as well as a future place to make a dream home. Please, see history of all other phases, and then re-think about DHA-5 Extension.

Thank you.

DHA replied on Sunday, September 18, 2011 07:23 AM 

Mr CDW, I count you as one of the biggest losers amongst real estate investors. You have been holding onto your 5-extension file for almost 5 years. You were recommended by many intelligent people on this forum to switch to phase 6 or phase 8 but your limited acumen in real estate investing and lack of courage to take decisions has cost you. Phase 6 is nearing 1 crore and phase 8 is above 60 and where are you right now? in 30's? and at the time you were adviced to shift, you could have made the move almost at similar rates. So my friend, i count you as one of the biggest losers of real estate and i have given your example to quite a few friend who have learnt from your rigidity and have made quite of money in the process. now don't give us that crap again that it doesn't matter to you cuz you want to build a house in 5-extension. You just don't want to accept that you made a mistake by holding onto your 5-extension but would keep on sticking to it and never say...damn I made a mistake! Good luck my friend..

Mr. khan...I respect you opinion and no there is absolutely nothing wrong with living near a village. Lot of my relatives live in villages. they are all humans. But we should be pragmatic and not emotional. Even people living in villages want to move to better locations. These villages end up being occupied by outsiders and could pose a security threat..also 99% investors and people want to build a house would prefer living away from a village cuz of multiple valid reasons, none of them have to do with thinking humans don't live there.

Mr. habib..you are right that real estate prices in dha lahore don't always follow analysis and reasoning. That's why i always recommend to friends to stick their investments to the "happening" phases of DHA like Phase 6, 7 and 8. These are new phases, with lot of modern features and are also on the lips of every Pakistani whether abroad or here. These markets are lot more iiquid as compared to phases 1-5.

DHA replier replied on Sunday, September 18, 2011 02:36 PM 

Dear DHA

I have saved your post and wants to talk to you in one year time. As you are in much favor of Phase 6 7 instead 5-ext. May i have your email please. So I could argue with you at that time. I could have write number of lines to prove many things against phase 6 and 7 but i think its waste of words.

hope you write your email

SHAHID JAVED replied on Sunday, September 18, 2011 03:00 PM 

Mr.DHA
Ithink you are just trying to disheart the people holding DHA PHASE 5 EXTENTION FILES.PLS BEHAVE.
There is a village name CHARAR in center of phase one and nearto K BLOCK.
Morover all the existing phases were coverd with farms,small mountains and villages.It needs time to do the things right,hence Dont waste yr time in making people upset.

replied on Sunday, September 18, 2011 10:55 PM 

Again I will support Mr. Dha's rational analysis. I wish all of you having dha phase 5 exten files , best of luck and profits but u can not deny different aspects he mentioned and his recomendations are not biased but only informations to help u making right decisions and there is no point to be emotional.

another view point replied on Sunday, September 18, 2011 11:40 PM 

dear cmy
regading the price of dha 5 ext n 9 files i wud like to share
1-5 ext.
A-dha has only demarcated the proposed area -no actual map is there yet
B-date of ballotting is rumor or guess -not a declared date by dha or any authentic source
C- 35 + 15( speculated dev.charges)=price of 50 lacs is too high for unsure ,unspecified plot location compared to on ground plots of dha 7 n some areas of dha 8.
D-its only the name ` 5 Ext.`but practically it will never b a part of proper phase 5 due to geographical separation by ring road.
E-at present expats,propaganda & the worsening law n order situation in other parts of country is the reason for this price hike .
2-DHA 9 its only panic n propaits only panic n propaganda that is n will escalate its price,can some 1 judge the worth of todays 18 lacs in 10 years time ?even if the phase 9 plot is 60 lacs in 2020 its still far less than todays 18 lacs .
please comment

Jamal replied on Monday, September 19, 2011 04:37 AM 

Good analysis by Another view point........i m sure he will not get answers of his observations

CDW replied on Monday, September 19, 2011 07:31 AM 

Our dear Gumnaam DHA, don't get upset and angry on something which is true, logical and based on facts. I can write long comparisons and future projections regarding pros/cons of both 5-ext, Phase-8, Phase-6 etc, but will not waste time for a person who is so afraid to disclose his identity.

I am a proud holder of 5-ext file even till date. You can only know and see one side of the picture as you're a layman in my eyes. Despite of the fact that I love 5-extension due to its surroundings, and location, I will never make my home in 5-extension. I'm already in the process of making my home in DHA Phase-6. By the grace of Allah i've not taken any loss in 5-extension and already leveraged my investment by taking different plots in DHA, and 5-extension files at various prevailing rates.

I will always stand by my words till date, that 5-extension is the jewel of DHA and it will be part of proper phase-5. Don't give me crap like there are villages around, and farms, and it's separated by ring road or service lane etc... All DHA phases do have or were once having small villages around them, and all phases have their worth till date. And, all investors/owners who did their investment in right time did get benefit/apreciation of their investment till date as well. So, it's all about right time and believe me in eyes of DHA administration all phases are equal, and they try best to make them at par with each other. Every phase has some goodies attached to it, but these do appear and pay on right time.

I still insist based on strong facts and internal information that:

5-extension will NO MORE be called an extension, and it will be blocks of DHA Phase-5 as M, D-ext blocks.
5-extension will be part of proper phase-5 having access to other blocks of DHA Phase-5
5-extension will appreciate inshaAllah to plot values between that of DHA Phase-5 and Phase-6 in 2 years time.
5-extension is surrounded by Asksari-11, DHA 9 Town, Ring Road, Facing A Block Phase-5, and interchange of 5/6.
5-extension as of today is much better than DHA Phase-7 and Phase-8 where it's all banjar, deep pits, and bayabaan area..

I can write a lot more, but it's for those who can understand, and want to understand.

Dr Zam k.s.a replied on Monday, September 19, 2011 10:29 AM 

Brothers please dont be personal with each others,we should respect other's opinions even we do not agree with them'thanks

Filpintor replied on Monday, September 19, 2011 02:56 PM 

Dear DHA....indeed a very thorogh analysis backed by ground facts and reality. Kudos to you on doing such a good job....but as they say GOD loves foolish people....that's why he made so many of them.....
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