Now when the Prism is picking up the pace, and phase 7 and DHA Town is flat. Many investors are confused what to do the question do come that is Phase 7 is Flat due to location then why phase 6 is not. And why DHA Town is flat , where there are good possession options of 5,8 and 10 Merla and not bad Location as rest of Prism and also located in center of Prism where best blocks are located. No nallah , factory or Village factor. What is case with that?
This situation confused the investors. Need a bit of clarification. DHA property life cycle is very easy to understand 70% people are investor and remaining wants their dream house there. Initial investors are Affidavit file holders which take risk to take file at nominal transfer fees. And off load when ballot is there. Then plot holder come which invest to make home or off load near possession or at construction boom. And finally Builders and home makers who give last hype to property. Once hyper mature like phase 1 to 4 property again becomes cheaper.
Due to market dynamics if at any stage there are more buyers than sellers the hype comes and if this hype continues for a while the prices cross unrealistic limit. An extreme example can be DHA prism Block A Average plot may cross 2.5 Cror the price on which you may find a used Kanal house in phase 4. It has happened in past nothing new. When price is sky rocketing more late you enter more risk it involves. People take the risk as they know that property is earning lacs on weekly basis. They do biana and sell and keep rolling the money the loser are people who intend to hold long or are not that active.
I feel that it is success of prism to attract the investors and set a trend so that hype is generated in the market. Too much buying and selling is going on. Volume of trade in prism is much much more than other phases. However such hype is not expected in phase 7 or DHA Town till we see these are populated. Then it will gain like phase 6 and 5. But I think at this level phase 7 is safe if you want to hold long. If DHA phase 9 hype continues for a while then will be riskier for holders who enter at this stage. So choice is your jump into hype take risk and earn profit. Or play safe and don’t regret that my property is not earning one lac per day. Or diversify.
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opinion replied on Wednesday, January 27, 2016 04:59 PM
there is no reversal to prism now onward in sha ALLAH
play safe play safe now this narrative is too old and bored about phase 7. prism is future and future is bright |
omar sharif replied on Wednesday, January 27, 2016 05:16 PM
I agree with Jamee Sahib, there is logic I invested in 9 most underpriced area J Block and before buying 2 plots of 5 merla I had option to buy kanal but it looked a bit risky to block 90 lac
@ opinion I am holder of orism like you and well wisher of prism but why you deny fact DHA town is best location in prism and price is like phase 7.
I CMY to provide ys such an informative forum I also read your old posts and learn a lot |
opinion replied on Wednesday, January 27, 2016 05:51 PM
5 marla 9 town file was 6.5 lac before ballot now plots are as high as 65 lac. increased 10 times in less than 5 years what else you want? |
omar sharif replied on Wednesday, January 27, 2016 06:26 PM
But average price is 50 , you can find even in 45 no bad location it is same price of phase 7. 10 merla price is also going same had there been ready kanal that too would be 125. Another example is phase 5 M block its location is also better than block B, M block is being developed for 3 ys. And price competable with phase 7 |
prism replied on Thursday, January 28, 2016 12:29 AM
hahaha phase 9 has put lots of people in trouble. phase 9 long live |
Mustafa replied on Thursday, January 28, 2016 12:29 AM
Agreed. Either Phase 7 and DHA Town are underpriced by 20 percent or Prism 9 is overpriced by 20 percent. Prism 9 has gained rightly over the past 6 months but the current prices can be sustained only if Phase 7 and DHA Town gain and the complete market consolidates. The previous gains in Prism can be attributed to investors who sold property in Phase 7 to invest in Prism. However, now the rates are at a point that investors will not be willing to move from Phase 7 or DHA Town to Prism. I am not seeing a downward trend in the next few months, so my view is that there is higher chance for Phase 6,7 and DHA Town, DHA Multan to gain in the next few months before Prism can gain any further. It would be good at this stage if Prism is able to sustain its prices for a few months. The reason I don't see a decline in Prism is that investors don't have any other option or a new phase to invest in within DHA proper, which encourages investors to hold there existing investments in all phase from 7 onwards. During a crisis possession plots with construction activity hold strong compared to non-possession plots so risk is higher in Prism but I don't see any serious crisis in near future; however, property market directions are not always completely predictable. |
Junaid replied on Thursday, January 28, 2016 01:20 AM
Very logical analysis. |
