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PRism Price in coming years,

(97943)
   Ahsan
Saturday, March 12, 2016 05:24 AM 
Reply: >
Question: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.What if Slump hits? Selling pressure ..even LRE site is offering more than 180 plots of different sizes in prism?
ShahzadQamar® replied on Saturday, March 12, 2016 05:55 AM 

This is the most hot question at LRE. ups and downs are part of business so prism shall also face ups and downs but there shall not be any slump as such. A real worth 75 lac plot today excluding development charges will be 160 to 170 including development charges till Q1-2019 & 210 to 220 till Q1-2021.
A real worth 1 crore plot today excluding development charges will be ~200 to 210 till Q1-2019 & 275 to 285 till Q1-2021 including development charges. These are analytical calculations considering market & development goes fine and nothing bad happens.
Kureshi® replied on Saturday, March 12, 2016 06:48 AM 

My prediction for 85 lac plot without development charges :

Dec 2016 : 110
Dec 2017 : 150
DEC 2018 : 190
DEC 2019 : 250
Dec 2020 : 300

It is minimum increase of 25 lac a year translating into almost 2 lac per month for next 5 years. If you manage to buy 2 plots today , it's a monthly income of Rs 4 to 5 lac a month for next 5 years. Isn't that lucrative ?
Mir replied on Saturday, March 12, 2016 07:40 AM 

Haha, such wishful thinking
ShahzadQamar® replied on Saturday, March 12, 2016 07:55 AM 

Kureshi saab, calcs without development charges are not a correct way forward as development charge is also investment itself. But 300 (on land cost) waowwwww from where it came!!!
Ahsan replied on Saturday, March 12, 2016 08:10 AM 

Let me put my share of thoughts. With an Average plot of 75 today my estimate as follow:

Dec 2016: 85 lac + remaining installments due

Dec 2017: 110 lac+ //

Dec 2018: 150 lac+ //

Dec 2019 : 180 lac

Dec 2020 : 200 lac

Dec 2021 : 220 lac

From here onwards price appreciation depends upon construction activity and other investment options. The price ceiling will hinder growth once it touch 250 by 2022. There is always a limit and new substitutes will emerge to correct or put the price ceiling. Similar phenomenon exists in other phases people can buy a 250 lac plot in phase 5 which is at its peak for above average plot or 190 at phase 6 or 130 at phase 7 or 75-80 in phase 9.
Kamal Baig® replied on Saturday, March 12, 2016 10:48 AM 

I think we are ignoring possibility of recession......
Jameel Mughal® replied on Saturday, March 12, 2016 11:19 AM 

I was Looking for a plot in about 65 Budget in Last one month there is almost no change in the price in these middle range plots.
Kureshi® replied on Saturday, March 12, 2016 01:46 PM 

Shahzad sb ,

What I wanted to convey is that keeping in view minimum increase of 25 lac per year , we can gain 2 lac / month every year for 4 consecutive years. This means a plot today with price tag of 85 will become 185 by Dec 2019. That's the minimum and still not bad.

Mir sb , if a property cannot give you this much yield , don't invest in it.
Kureshi® replied on Saturday, March 12, 2016 01:52 PM 

My question to gurus :

What will be the price of W or T block of DHA phase 8 in Dec 2020. Today it is 2 crore. Don't you think it will touch 3 crore in 5 years ?

What is the current price of top block of DHA phase 5 and what will it be in Dec 2020.

What will be the price of top blocks of prism , A C P Q D.

Won't the prices of phase 9 equalise with phase 8 and 9. I remember top guru CMY advised to switch from phase 8 / 9 to prism and eventually we may get two plots in the price of 1 by making this smart switch.
Kureshi® replied on Saturday, March 12, 2016 01:54 PM 

My question to gurus :

What will be the price of W or T block of DHA phase 8 in Dec 2020. Today it is 2 crore. Don't you think it will touch 3 crore in 5 years ?

What is the current price of top block of DHA phase 5 and what will it be in Dec 2020.

What will be the price of top blocks of prism , A C P Q D in 2020.

Won't the prices of phase 9 equalise with phase 8 and 9. I remember top guru CMY advised to switch from phase 8 / 6 to prism and eventually we may get two plots in the price of 1 by making this smart switch.
Khawaja Qasim® replied on Sunday, March 13, 2016 10:31 AM 

My estimation for Prism good location (clean) plot worth 81 lac now adding 19 lac development charges total cost 100 lacs will be priced as follows:
Mar 2017: 113
Mar 2018: 122
Mar 2019: 133
Mar 2020: 147
Mar 2021: 164
Mar 2022: 185
Mar 2023: 210
Mar 2024: 245
Mar 2025: 300
I believe possession is expected in year 2025 at that time the price of Phase 7 will be higher due to large number of houses/construction activities and it will take another 3-5 years for Prism to worth more (or lot more) than Phase 7.
prism potential replied on Sunday, March 13, 2016 03:30 PM 

It will 245 but not in 2024 but in 2020. Quite abnormal estimation
Mustafa replied on Monday, March 14, 2016 03:06 AM 

Let me give you CZ1 commercial on 150 ft road price estimation.

Current price: 650 lacs excluding development
2017: 725
2018: 800
2019: 875
2020: 950 (As per CMY 100% gain still on current price tag, which means 1200 lacs by 2020)
2021: 1050
2022: 1150
2023: 1250
2024: 1400
2025: 1600
Khawaja Qasim® replied on Monday, March 14, 2016 05:39 AM 

@Mustafa, thank you very much for your price estimation on CZ1 commercial. I don't have any knowledge about commercial. So, I wish you learn from you and others.
Now, imagine year 2025 (9 years from now), Prism is developed and handover of possession (so at same level as Phase 7 is now). Few houses are constructed and others are under construction. So, you buy a CZ1 plot in 1600 lac and do construction on it! how much you are expecting a rental yield? or income? keep in mind there are few houses (you can count them). With such a huge area as of Prism, I believe it will take another 10 years to be populated enough!
So will you buy 1600 lac plot and wait such long ? Ok just tell me from your wisdom the year in which break-even happen?
ShahzadQamar® replied on Monday, March 14, 2016 07:55 AM 

Khwaja saab jaan dayo, Only 147 in 2020? you will see 147 in 2018 start, wait and watch.
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