It looks like that there is a boom in Lahore and prices are going up in underprice society. Prism prices are stagnant and now it seems a selling pressure is building in the market. To hold an investment for five more years require strong nerves. The current trend indicates that Prism will gain significantly during next boom now anticipating it after next election. But prices keep clinging up.
Raiwind road societies gained significantly and now the growth rate is slow. In my opinion, it is important for all of us to explore underprice societies where plots are available on grounds because if the slump hits, under price developed societies are safe option. I feel that following are good options:
1) DHA phase 7
2) DHA 6 lower cutting
3) Central Park
4) Bahria Education & Medical
5) Sui Gas 2
Lots of biana holders are now exiting Prism and I request Jameel sahib and CMY to guide what is a scope now?
Yahya® replied on Friday, March 11, 2016 04:39 PM
Seems bubble is about to burst. |
Kureshi® replied on Friday, March 11, 2016 05:51 PM
Please do not spread chaos. There is no bubble and nothing is bursting. Prices will increase after alternate raiwind road is opened.
Also with upcoming widening of defence road and LRR southern loop, any kid can tell that prices have to increase.
As for Prism , with the construction of 150 / 120 ft road and new opening of dha town road , prices will definitely increase.
There may be alow increment but absolutely no bubble bursting ! |
Jameel Mughal® replied on Friday, March 11, 2016 08:37 PM
At this time price is rising but in prism few blocks are quite inflated, I always compare it with DHA phase 8, where prices remained stable in spite of delay in development. But there is an important difference due to ballot most of Phase 8 Holders are overseas and have good nerves to hold for long rather they buy for holding long that may not be case with DHA phase 9, number of transfer in DHA office are about 80+ a day out of this say 40 are prism, In month only 800 plots are being sold. At least 1/2 of the prism is with people who dont want to hold to pay development charges. At same rate of sale it will take few years to sell those plots. Hence price of prism is fragile during 2016. That was whole science behind slow release of intimation letters even NOC of army were delayed and that has been quite successful. Plot of 65 has gone to 75 and if even goes back to 65 Level what is bad.
In case they would have issued letters in 3 months like DHA 7 and 8 there would have been blood shed in market and DHA learned from past experience. |
Abbas replied on Friday, March 11, 2016 08:37 PM
What would you categorise as DHA phase 6 lower cutting. And compared to phase 7 does this lower cutting of phase 6 have a better chance of gaining prices quickly. Thanks. |
tepu replied on Friday, March 11, 2016 08:38 PM
I would add bahria orchard and prism to safe investment list and remove bahria medical. |
Ahsan replied on Friday, March 11, 2016 09:22 PM
@ jameel Sahib
So does it mean that price may get stagnant or come down in 2016? what you predict? Secondly, if people hold for 3 years and pay all instalment prices than what will be the estimated price of 1 kanal average plot in 2018? Lest say today it is 75. |
Jameel Mughal® replied on Saturday, March 12, 2016 05:50 AM
@ Ahsan, next 4,5 Months will be Crucial
Low interest rates are mainly supporting purchases as NSS rates are at lowest in history and it has been main competitor with real estate investment. |
