"Once it falls, it will fall drastically"
DHA Multan could be a good investment, had the following factors not attached with it!
1. Availability of DHA phases in different other cities, such as Bahawalpur,Gujranwala, Peshawar will restrict the investment from other cities to a greater extent, as locals will tend to buy in their respective cities.
2. DHA Multan is a big big phase, more than 3000 kanal land! How much time will it take to develop such a big phase,considering the fact that DHA is already engaged in massive Prism which it might not be able to develop in the next decade to come.
3. Whole of DHA Multan phase consists of 1 kanal plots. When it comes to building a house in 1 Kanal plot, it becomes quite a difficult task for the locals.....
4. Not so many landlords live in the vicinity who could buy such a huge phase ( Now , landlords construct their house in Lahore for their children to study instead of Multan and also want to buy property in Lahore as "Lahore Lahore hey :D"
5. Locals are not brand conscious, and those who are prefer to buy in Lahore instead of Multan.
6. Overseas Pakistanis invest in DHA till the point they see their investment is gaining. Their purpose is not to build home there in DHA Multan. In contrast, overseas invest in DHA Lahore to build their sweet home after their retirement/return back to country.
7. Investment of 3million plus 2 million Development charges is justified for a plot which really would take more than a decade to develop? and still the people don't know whether their plot will be a good location/ worst location.
I reckon the time when DHA 9 files were sold at 45-50 lac per kanal....at that time everyone was saying it is a good buy.....but what happened then? The files were sold as low as 14 lac a Kanal from where they started rising again.
Many opportunists who are buying DHA Multan are there to keep it for a year and sell it for profit of 10 or more lacs. Once ballot is done, there would be huge supply of plots available and that too at the dirt cheap rate when there would stagnation in development of DHA Multan.
So keep in mind and keep on
People are discussing a lot about the pros of DHA Multan..... one should know the Cons as well !!!!
I know many people will disagree, they can for sure....your money, your decision!
