Reference post 73619:
Prices are less in phase 7 commercial because market has not realized the potential yet though these have increased around 20% in the last two months; 4 marla commercial file in phase 7 has quietly increased from 125 lacs to todays rate of 155 lacs (see LRE rates today). When i bought commercial in phase 6, similar argument was given for very low prices in phase 6 CCA. In fact this has been true for commercials in Y block phase 3, which were priced lower than H block. Phase 4 and phase 5 commercial were also priced lower and then increased substantially after house construction started. Actually, value of commercial is only when residential has been built; there is no point of having commercial areas without having residential developed and people living in there. On average it takes 7 to 8 years for a phase to get developed and another 4 to 5 years for people to start living there. For phase 7 commercial, 7 to 8 years have passed and it is mostly developed now so now is the time to have huge gains in phase 7 commercial as house construction starts.
Market mostly corrects itself when commercial starts going on rent and then there are huge spikes, which is the reason that investing right now in not developed phases does not make much sense but then very few people think rationally.
phase 7 commercial replied on Saturday, June 6, 2015 12:55 AM
Dear info reason behind this price hike in ph 7 commercial is because no new commercial affidavits getting clear by DHA now a days supply is limited. Those who have allocations demanding higher price thats it |
info replied on Saturday, June 6, 2015 01:48 AM
Dear phase 7 commercial. This may be one of the reasons but there could be others also. Anyway, we are trying to project future with logical reasons so time will tell who was right but keeping in view the past DHA history, i think of phase 6 and 7 as the best phases among all both for residential and commercial for many rationale reasons. |
phase 7 commercial replied on Saturday, June 6, 2015 01:57 AM
Yes in longer run your argument will be proven right i agree |
Jameel replied on Saturday, June 6, 2015 07:07 AM
in fact it is not only for DHA 7 Commercial but residential plots are also up , Like 5 to 10 Lac increase in demands seen in last 2 weeks. Possibly due to some under construction houses. |
