Hi there,
Unfortunately, I don't agree with Khalid and PP as Phase 9 file for 1 Kanal is going crazy and UNRealist and theres no point to rush to buy when you see its near 30 Lac & adding 12 Lac for development charges make it 42 lac and main thing it has no assurity when is balloting happening and I'm sure, DHA official wouldn't want to announce the date soon for another couple of years because once date announces, price will be static.
IF U guys know but probably property dealer would know the history the price shooted up during boom of unrealistic property values during Musharraf time and after few years/time, prices of property dropped down at rock bottom and loads of people were suffered.
I would say a wise person is that who not only learn from his mistakes but also from others' mistakes.
I'm sure more than 80% of the DHA Phase 9 file holders of 1 Kanals are INVTSTOR & less than 20% are actual people who want to build their dream house one day and I'm sure high or low price/value of files wouldn't matter to those of 20% but more than 80% will not be able to get maximum fruit from it except big crocodile or Mugarmuch who's playing the high price game again like it went up few years ago.
Whole USA and Europe are under worst recession and credit crunch due to the bubble of UNREALISTIC Property price which has been burst & suffering the whole world.
So please THINK WISELY before you buy something more than to its realistic value.
Hope nobody will be offended by this but would realistically buy at right price.
Thanks a million for your time and awaiting for your valuable comments.
I'm still standing on below:
I don't see its worth investing in Phase 9 for 1 Kanal price at high price of 25 lac + or if its 30 Lac and 12 Lac would be added as development charges which makes it 42 Lac and atleast 4 year or more would be the time when balloting announces.
We can easily buy 1 Kanal plot in Phase 7 starts from 36 Lac (including development charges) and obviously it will have a plot number now but no one knows if after 2, 3, 4 or more years ahead for phase 9 balloting and when time comes, it will be a plot near grave yard, or back behind the road at very bad location.
I'm no disappointing anyone but I would say price is going mad which is not realistic. Aslam replied on Monday, March 26, 2012 10:39 AM
I agree with your point view. One more thing when there are more investors than real buyers, this factor will reduce the prices even after the possession of plots. |
MPH6 replied on Monday, March 26, 2012 10:48 AM
as salaam o alaikum. the recently announced 'location plan' for phase 9 has initiated this price escallation. to elaborate: phase 9 lies in close proximity to phase 4 and 5. therefore, theoretically, once phase 9 is developed in 5 years time, its prices should be close to that of developed phase 4/5 plot at that time. its is therefore pointless to compare phase 9 prices with that of phase 7 prices. also, since phase 9 is just a relatively low cost file, trading the same is much easier compared to a plot. just my 2 cents. |
Khawar replied on Monday, March 26, 2012 03:55 PM
"Whole USA and Europe are under worst recession and credit crunch due to the bubble of UNREALISTIC Property price which has been burst & suffering the whole world." You are wrong sir. Not good arguments. Want to buy dha 9 files lower? No chance sir. US and European market financial markets are very strong and have recovered. Strong job market once again. Best indicator to see this recovery is http://yhoo.it/GR2dTN See here how Nonfarm payroll employment rose by 227,000 in February http://1.usa.gov/H6LXxe |
LRE Hot Topics replied on Wednesday, March 28, 2012 03:41 PM
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