With some of these basic principles in mind, do check DHA Lahore phases and you may be surprised to find out that there are many anomalies and myths. For example, I disagree that Phase 9 location is better than Phase 6, 7 or Parkview as is generally believed in the market and I could have detailed arguments on this. Similarly, on development, can DHA complete any phase development in 3 years. In my opinion not, as it has not happened ever in DHA and it may not happen in future also as institutions, processes and environment remains the same.
Disclaimer: I have investments in different DHA phases and some I prefer more than others simply because market distortions provide huge returns. This is my point of view and you are most welcome to disagree though I hope with logical arguments.
Mrs Imran replied on Thursday, November 26, 2015 02:27 AM
What is your point? Phase 9 ko 10 saal lagy gai... Mery pass phase 7,8 k plots hai but still waiting for possession.. Its been 12 years now, people have invested in dha to make thair house including me, my whole life savings, realestate is not just investors business, normal ppl r also suffering, and DHA should stop this making money business |
Farooq replied on Thursday, November 26, 2015 03:55 AM
that's the only business? secure & profitable |
Mrs Imran replied on Thursday, November 26, 2015 04:08 AM
Ap log nai samaj sakty majboor logo ke majborian, doing business is very good, business karny waly business kary but they should give possession now, jab development charges liy bhi 10 saal ho gai hai to ab tak development kew finish nai hui phase 8 ke and now they will do the same with phase 9 |
ali replied on Thursday, November 26, 2015 04:46 AM
Dear Imran
Its not DHA who is at fault it is us who make it as business and do haphazard buying and selling and doing speculations.
If you have kept Phase 7 and 8 for 10-12 years certainly you have gained from your investment! You will get possession soon in a year or so.
Now what we learned from this exercise! When there is new Phase launched don't buy don't buy or buy at less price like 30-40 lac per kanal for phase 9 or similar may be acceptable.
So, the best time to purchase land is when it is near developed or possession is near thats where people make money.
The people who made money are not one who bought 10-12 years ago rather those who bought it 3 years ago.
Go the point! similarly there will be ups and downs in Phase 9 when prices are low; development/possession is near time to jump in and buy.
For DHA it's kind of true buy the plot in your lifetime and your children will make house on it! So better buy on ground developed or near to developed plot to make house in your life. |
Ahsan replied on Thursday, November 26, 2015 05:37 AM
@ali. Your opinion is correct. Property is always a long term investment and partiularly if u r buying a non developed plot in DHA. Now in this forum there is always a discussion going on about phase 9 development within 3 years time. I do not understand how people this and support and argue on it. As has been said hundred times that phase 9 is almost equal in size to phase 6 and 7 together, or even bigger I think.
Phase 9 will take its time which will not be less than 7~9 years. As discussed in eaelier posts as well, those who are looking to construct their houses in phase 9, must have to wait atleasr 7 years, if not more than that.
This is a on ground reality which cannot be changed by mine or anyone else's like or dislike. I will not comment on location of any of the DHA phase as each has its own pros and cons. If it is DHA, for sure it will develop reach to its maximum, but on its time. |
Javed replied on Thursday, November 26, 2015 10:19 AM
@Hammad, Yes agreed DHA Valley is another example. 7 years gone from the lauhching still does not know when we get possession. |
jameelmughal replied on Thursday, November 26, 2015 08:31 PM
@ hammad Ali Unfortunately Market value Works on myths Like DHA Phase 7 Y Block is near Indian Border and S Block 700 Yards away is Not. And Phase 6,and 8 are not at all near border.
@ Ahsan Regarding investment in DHA phase 9 Chances are quite likely that people who will invest midway in its life cycle will earn same amount as people who are investing now, So why I should Block money 2015 to 2019. I may be be able to get better return somewhere else.
The People who are frustrated in delay of development need to learn experience from other examples in past which are already there .
I always said that if you want to make home in 3 years you should buy in areas where Possession is given today like in phase 7. |
fed up replied on Friday, November 27, 2015 03:04 AM
Prism ko 100 saal lagy ge develop hone may. so you all better get out of it.but please apne tabsary band karo please |
exc replied on Friday, November 27, 2015 03:34 AM
Finally some sane voices on this forum. Unfortunately, most people here are very sentimental about their investments (understandably so) but the fact of the matter is that (without commenting on location), phase 6 will be where phase 5 is now in the next 5 years. Phase 7 will be where phase 6 is now in the next 5 years, phase 8 will be where phase 7 now is in the next 3 years (because of being surrounded by already developed phases) and phase 9 will be where phase 7 is now in the next 8 years (if all goes well and development is not delayed). |
Mrs imran replied on Friday, November 27, 2015 10:50 AM
Yes@ exc ap bilkul sahi khe rahy hai |
AlCapone replied on Saturday, November 28, 2015 03:05 AM
@ exc phase 8 will be where 7 is now in 3 year???? please compare phase 8 best block with phase 7 best block NOW!
Phase 8 is the proof that location matters alot with little affect of development.
Phase 7 investors are just hurt that's all. |
supporter replied on Saturday, November 28, 2015 02:10 PM
@AlCapone very valid and strong argument. Location matters a lot in the valuation of property. Phase 9 has strong location. Bad luck for 7 holders may be. |
