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DHA Lahore Phase 6 & 8 ( Unrealistic prices ),

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   Yousuf
Thursday, September 22, 2011 09:22 AM 
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Dear all,

could you pls share your information that what are the reasons behind the sudden prices hike for DHA phase 6 and 8 in lahore. i perosnaly visited the site in phase 6 but did not find much construction of houses except few from contractors and in phase 8 there is nothing to see and discuss.

The question, WHY ?? is there big Mafia who are just increasing the prices, and there is no authority to stop them to do so. i dont think so next 15 years phase 6 will be fully consturcted and occupied. Suprisingly the paksitani expacts playing with rates and the local community is suffering becoz of their investments. Good Business.
dha replied on Thursday, September 22, 2011 10:04 AM 

sir 15 yrs are too much you will see phase 6 filling in 2 3 yrs and phase 8 has a advantage of location you will see big jumps in rates as the development work starts there.
Yousuf replied on Thursday, September 22, 2011 10:37 AM 

Dear, Sorry to Say, Not Agreed. i am visiting the phase 6 site more than 5 years and recently found the development.Phase 6 1kanal plots do not have average worth more than 65 Lac for A,B,J,K,H and L blocks. There is something Fishy fishy. DHA/Agents/expats are involved for this unrealistic hike. Tell me, From where you will bring the people to construct all these plots. people do not have money to live their life and working hard to buy the food for 1 time.
Habib replied on Thursday, September 22, 2011 10:41 AM 

prices are set by market trends and have no justification or logics, I dont think it is due to mafia, There are many reasons of price improvement, 6 ys back price was high but the a long slump came so as per natural cycle of up and down it had to happen, Two big phases of DHA has benn ready one namely phase 6 already handed over and that too 3 to 4 later than sceduled time but now is ground reality, same is true with phase 7 , These 2 are big on ground facts,
Before all was in air, so I dont think price of plots in phase 6,7 will be adjusted, Phase 8 is also getting advantage of this trend about 1 year back you could get a reasonable plot in DHA 8 in 40 to 42 Lac Now even worst location are 45 lac.
there has been following improvemnt in price
DHA 6 average range plots from 50 to 70 in 2 years
DHA 7 average range plots from 38 to 50 in 1.5 years
DHA 8 average range from 45 to 55 in one year.
This price appreciation will stay rather might increase in phase 7 after hand over.
DHA 6 might stay here for few years as similar change is not seen in DHA 5. If DHA 5 will gain then only phase 6 will gain more.
Observer replied on Thursday, September 22, 2011 11:31 AM 

If you are a Buyer-(More Buyer in the Market and Seller are Hard to Find), If you are a seller( Buyers hard to find in the Market). You are always on the loser side. And guess who is the winner???? D
Inflation and PKR value replied on Thursday, September 22, 2011 12:34 PM 

Don't be confused or fooled by high units .... 8 million is still just 80k USD.....;)
DHA replied on Thursday, September 22, 2011 01:28 PM 

Mr. Yousuf and Mr. Fahad.

If somebody can't afford 80 lac kanal plot, he should not start complaining that only people with illegal money can afford it. That's a very negative and defeatist mindset. I have seen dozens of people in the last 10 years who have made millions through their hard work, intelligence and of course with the grace of Allah, and are now purchasing expensive plots in DHA. Let's not be jealous of them.

And for somebody who still think that plot prices in developed phases like phase 6 can be controlled paradise have been reading too many conspiracy theories circulating these days. Prices in files can be manipulated in very special circumstances but I doubt in a big market like DHA, the plot prices of developed phases can be manipulated to a degree which defies common sense.

What you guys need to consider is the rate of inflation prevalent in the country. The purchasing power of Pak Rupee is going down by around 15% every year. 80 Lacs would have sounded lot of money 10 years ago for even the upper middle class of Pakistan. You could have bought 25 acres of land around Lahore with that much money 10 years ago. Now? you can't even buy 8 acres.

And lastly, overseas Pakistanis and people abroad think pakistan is on the brink of failure and businesses are all closing. well friends, the only class in Pakistan which have suffered is the salaried class, that too not because of business environment but because of inflation. Businesses are doing well, you rarely come across a businessman in Lahore who says business is very bad. I know these people. Things may not be as rosy as in 2004 but it's not that bad either as some people tend to think.
Malik replied on Thursday, September 22, 2011 01:32 PM 

Do you people realy think that a 1-Kanal plot in DHA with possession having price of 50-60 Lac is still costly?
Inflation and PKR value replied on Thursday, September 22, 2011 02:29 PM 

@DHA u r so right and thats my point to give people some examples in 2001 my manager used to get 500k bonus now this year he got about 80 lakh

And I bought a plot in valacia in 2004 for 700k same is now worth 4million.

Hope people will understand and guess what phase 6 will be avg carore by 2012 end again I m talking it's value coz 1usd will be 100 plus
Ali Abbas replied on Thursday, September 22, 2011 04:22 PM 

MR YOUSAF AND FAHAD
PEOPLE WHO DONT HAVE EVEN MONEY TO BUY ONE TIME FOOD DAILY ARE NOTHING TO DO WITH DHA. DHA DEALS WITH ELITE OR UPPER MIDDLE CLASS FAMILIES.AND THEY BOTH HAVE ENOUGH MONEY TO BUY ANYTHING.
DHA PHASE 6 PRICES ARE HIGH DUE TO HIGH PRICES OF DHA PHASE 5.AS THEY BOTH EFFECT EACH OTHER DIRECTLY.IF ONE CANNOT BUY A PLOT IN PHASE 5 HE WILL GO FOR PHASE 6 BUT HE WILL NOT GO FOR ANYOTHER SOCIETY. DHA IS A BRAND AND BRAND HAS ITS OWN VALUE YOU SHOULD ALL KNOW THIS. DHA IS NOT FORCING U TO BUY PLOTS. IF U CANT AFFORD GO FOR ANYOTHER SOCIETY.THATS IT, WHY BLAMING DHA
FAHAD replied on Friday, September 23, 2011 05:15 AM 

Mr. Ali Abbas

With due respect, can you please explain upper middle class how it can earn crores in a country where there is no business...means its a black money or mafia money who are circulating to their money to trap overseas people hard earned money...as far as BRAND is concerned...i think living in a country one should remain away from such rubbish things..do you know wot a brand name means..it doesnot mean to sell average quality product on an exorbitant price....no doubt DHA is a good society i am not biased about it like you on the other end...but DAH DOES NOT have oil reserves underneath...this i want to make you understand....
Syed Wali replied on Friday, September 23, 2011 09:42 AM 

IT is very much realistic and market trend

Prices in DHA is still reasonable,It a well known and branded organization.Is there any similar place where after possession you get One Kanal less than 45 lakhs.

I think the prices in DHA Phase 6 and 7 will remain so with average 50 to 65 lakh and even more..

There is no Black mafia....now market trend is that there are more buyers (mostly Pakistani living abroad)....still they found a well developed,branded,One kanal Plot is cheap at 50 Lakh average

There is on average 8-10 lakhs more increase in next few months or so...then it will be stand still for next 1.5 years especially in DHA-7

Hope 4 the Best
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