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Lahore Real Estate Forum: Property News & Community Talk : ,

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   Imran
Tuesday, January 26, 2016 07:56 AM 
Reply: >
Dear All,

Kindly anyone would like to comment on phase 7, 1 lakh increase in one day for 10 marla and 1 kanal files.

Any specific reason. Why phase 7 in under estimated.

Your response will highly be appreciated.

Regards,

Imran.


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Habib replied on Tuesday, January 26, 2016 08:12 AM 

If you aim at 2018 The Phase 7 should be your choice today.
we have 5 Merla developed plots in prism? yes in DHA town price 45 to 50 Lac Phase 7 T Block 5 M price 50 Lac
DHA Town 10 M price 80 Lac DHA 7 10 merla in lower cutting 70 to 80 Lac had we ready kanal plots there price would be same as phase 7
Try to understand game.
Akmal replied on Tuesday, January 26, 2016 08:42 AM 

Today i spent one hour in Phase-7 and visited different blocks. 4-houses are under construction in W-block, almost 20+ houses in R, S, T, U blocks in total. 5-machines were working at different locations at lower cutting for development purpose. No doubt, phase-7 is very underpriced & it may get substantial jump in near future.
Ahmed Pak replied on Tuesday, January 26, 2016 08:43 AM 

Dear Viewers,

Last week i went to DHA phase 8, Updates for developments is as follows.

1)Ph 8 Block S already asphalt on the Roads and Transformers on the Plots. Lokks the block is just getting final touch ups.
2)Ph 8 block W, Roads getting asphalt and some yet soon to get asphalt, and Footpath Concrete blocks are kept to be fixed on the roads.Some Places Street light poles are also fixed.Good progress.
3)PH8 U block is 30 feets deep at certain places.
4)PH8 T block I have seen asphalt already on roads and some roads just to get asphalt(Black solid rocks with black liquid) on them.

Overall Progress is good as the work has picked up.

Ph8 z IVY green. only one Machine making mud roads still. and Some parts having boundary wall.
WAH G WAH replied on Tuesday, January 26, 2016 09:15 AM 

Phase Will Gain Now . IN SHA ALLAH
WAH G WAH replied on Tuesday, January 26, 2016 09:15 AM 

Phase 7
Imran replied on Tuesday, January 26, 2016 09:23 AM 

Dear Mr Habib/Akmal,

Thanks for your response.

what do you expect the price of phase 7 5 marla in next 3-4 years.

Regards,

Imran
Habib replied on Tuesday, January 26, 2016 09:25 AM 

It will go down at least 50%. A bit over priced at the moment.
Hassan replied on Tuesday, January 26, 2016 09:58 AM 

what about dha town? will the prices increase or decrease in near future?
Vlook replied on Tuesday, January 26, 2016 09:59 AM 

Thanks Ahmed Pak. what 'bout V Block Ph 8?
Qasim replied on Tuesday, January 26, 2016 10:09 AM 

Dear
There has been increase of 1.5-2 million in phase 7 in last six months! What else you want. It is a perception which is also true it is near Indian border! But 5 mins away phase 6 and 8 is completely OK! So good location plot at 120 is good investment or worth to hold. Few beautiful houses to be made as said by Mr.Habib price will be up. 6 months back I posted as Platinum Investment in this webiste. The good plot in 8S rose from 110 to 145 and 7 from 102 to 120. But at the same time prism has similar gain with less investment. So surely I believe 7 has a lot of potential but prism is also good previously I didn't believed but now based on location, popularity Prism investment is worth it and without doubt at maturity it will be most expensive phase of DHA. I believe till maturity its a long wait so either prices will continue rise or ups and down. So you can get into prism at sometime later maybe. Lots of property experts who are in business for decades respected Ahmet, Jameelmughal, habib, others are divided in opinions So conclusion is both are good investments may be one little better than another but both are OK. My guess phase 7 will gain 15-20% per year for 2 years at least which is not bad keeping mind inflation in Pakistan is at 6%
Imran replied on Tuesday, January 26, 2016 10:47 AM 

@ Habib...on what basis you are saying that it will go 50% down...in the same post above you are praising about the phase 7 and on the same time you are saying i will decrease 50%... can you please explain and elaborate your comments.

thanks..
Habib replied on Tuesday, January 26, 2016 10:47 AM 

Qasim is right 7 is safeest investment today
Imran replied on Tuesday, January 26, 2016 10:53 AM 

@ Qasim...i read couple of your other posts you are always saying increase of 1.5-2 million in last six months...you mean 15 - 20 lakh in last six months ??? can you please justify your comments.

Thanks..
Habib replied on Tuesday, January 26, 2016 11:04 AM 

@ Imran someone Dil Jala used my ID
Mrs Imran replied on Tuesday, January 26, 2016 11:09 AM 

@ahmed do visit phase 8 Y block 1,2 kinal cutting, its full ready.... And looks so beautiful
Imran replied on Tuesday, January 26, 2016 11:09 AM 

@ Mr. Habib...thanks for clarifying it...Habib sahab can you please comment on Mr. Qasim's reply about 1.5 to 2 million increase in last six months in phase 7.

Thanks.
Habib replied on Tuesday, January 26, 2016 11:31 AM 

that is correct more gain in S and T
Samreen replied on Tuesday, January 26, 2016 11:42 AM 

I don't think Qasim's claims are accurate regarding the 1.5 million to 2 million rise in past 6 months. I bought a good location 1 kanal plot in Phase 7 Y block in August 2015 for 118 Lacs and right now its hardly worth 120 Lacs. I don't know where he is getting his stats.
Imran replied on Tuesday, January 26, 2016 12:06 PM 

@ Qasim...kindly justify your comments...waiting for your response..
thanks
kk replied on Tuesday, January 26, 2016 01:31 PM 

Please share some pictures of V sector, thanks
Sohail replied on Tuesday, January 26, 2016 01:38 PM 

@Samreen. In April-May your plot worth was 100-105. In August you bought for 118, which now values 120. How much the plot gained during this period. Answer is 1.5 to 2 million. In this case, preious was the main beneficiary of price gains.
Sohail replied on Tuesday, January 26, 2016 01:41 PM 

@Samreen. In April-May your plot worth was 100-105. In August you bought it for 118, which now values 120. How much the plot gained during this period. Answer is 1.5 to 2 million. In this case, previous owner was the main beneficiary of price gains..
Samreen replied on Tuesday, January 26, 2016 05:54 PM 

@Sohail, the previous owner bought this plot in April 2015 for 110 Lacs. There was a temporary hype in prices just before Eid last year. From the last 6 months, there is hardly any increase in prices despite of possession given in October last year.
Samreen replied on Tuesday, January 26, 2016 05:54 PM 

@Sohail, the previous owner bought this plot in April 2015 for 110 Lacs. There was a temporary hype in prices just before Eid last year. From the last 6 months, there is hardly any increase in prices despite of possession given in October last year.
omar sharif replied on Tuesday, January 26, 2016 06:47 PM 

Samreen you have choice sell it and buy in DHA 9 , prices are going up every day. If you mind accepts buying an undeveloped plot in price of developed plot.
Akmal replied on Wednesday, January 27, 2016 03:30 AM 

Some people on this forum do utmost effort to undermine phase-7, cant understand what are their motives. Why are they jealous of Phase-7, it's just a normal phase of DHA Just like other phases. How is this possible, all phases to gain prices but phase-7 should left behind with static price?
Akmal replied on Wednesday, January 27, 2016 03:30 AM 

One more point, during my visit of Phase-7 today, i observed many machines were working on Kidney & liver transplant hospital development project which is almost in between Phase-6 & 7 near to Knowledge Park
Qasim replied on Wednesday, January 27, 2016 03:30 AM 

Its based on my personal experience. During my short trip to Pakistan from Hong Kong in June, the price of U block Upper Cutting was around 100 I purchased one now current price is 116-118. The plot U485 is priced at 115 on this website. My plot is similar or little better. Please search my post "Platinum Investment DHA" on google or this website. I posted in June 2015, I believed in Phase 8 S and Phase 7 Upper Cutting and Phase 5 M Ext, So I recommended to all.
@Samreen, please don't take my comment offensive it was June when I posted so best time to buy was June 2015. You are little late so in future better be month or two ahead than market flow. Search for undervalued areas. I believe Phase 7 is now!
I will write a post with platinum investment 2 when I predict a momentum shift to phase 7 or other phase. My prediction was based on statistics, trend, popularity index, money going from banks in form of pay order, old investors of DHA etc
Farooq replied on Wednesday, January 27, 2016 03:30 AM 

I dont know how people say that phase 7 is weak due to location. I can tell u my investment. I bought a ten marla plot on 150 ft road in Jan 2015 for 72. Now its market value is around 88-90. There is no differenxe in 6 and 7. In addition phase 7 has othee advantages like kidney and liver hospital, construction already started, huge advantage of knowledge park too.
Habib replied on Wednesday, January 27, 2016 03:30 AM 

"It will go down at least 50%. A bit over priced at the moment"
someone else is writing in my name when they cant have nay logic they keep beating the bush
Habib replied on Wednesday, January 27, 2016 03:31 AM 

nother aspect is, if Phase 7 is low today Buliders are harvesting ready plots, There people are experts in erecting beautiful elevation house in less than cror. The new wave of houses in DHA is always done by builders. Once ready then price sky rocket.
Prisim is investor game the people who make money from money till market hype will allow.
Sohail replied on Wednesday, January 27, 2016 03:32 AM 

@Samreen. Irrespective of the price at which the previous owner bought, fact remains that actual worth of your plot was around 100 in April, which has now reached to 120, thereby gaining around 2 million. Don't forget a point that phase-7 is the only fully developed yet under priced phase of DHA, which by virtue of its location, can never be used as travellers passage and offers complete residential privacy, which is something missing in other phases. Sooner or later, this upper edge would change the whole game and make it overtake the prices of all phases. How far this assessment is realistic, time will decide it. I don't have any plot in phase-7 but would certainly buy one for house construction, upon availability of funds.
Imran replied on Wednesday, January 27, 2016 06:50 AM 

1
Qasim replied on Thursday, January 28, 2016 03:05 PM 

@Farooq, 10 marla plot on 150ft are excellent plots! In fact there are the only good plots for 10 marla range! rest plots in lower cutting, do you think its worth it to buy 10 marla plots in lower cutting other than 150ft if budget is tight?
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