Lahore Real Estate Forum

                                                          
 
Back to Forum |

Prices of Prism again fly rocketing,

(98337)
Thursday, March 17, 2016 07:16 PM 

I have heard from various delears that Prism prices of upper blocks will take a rise again. Any specific reason?

Ejaz_EJ® replied on Friday, March 18, 2016 03:41 AM 

I think you have not heard correctly... Just pay good attention while listening.. Prism prices are not going anywhere except stagnant. Those will definitely increase next year end when some roads will be visible, but not now. Just sit back and relax

DHA 9town replied on Friday, March 18, 2016 03:57 AM 

Dear EJ.
Dha 9town main 5merla plot sale krna chahta hon
Please advise
Sale kar don ya 1-2Mah wait kar loon.
Please reply pleaseeeeeeeeeeeeee
Allah apko khush rakhe.

Mir. replied on Friday, March 18, 2016 04:28 AM 

Think about this Mian Sahab. Who is the end user of these plots that will be developed in Prism after a considerable period of time? Can anyone construct a home there in the next 6 year ? Even 10 is unlikely.

Ejaz_EJ® replied on Friday, March 18, 2016 04:40 AM 

I dont understand people are not thinking this phenomenon that prism is still far away to be liveable.. They increase the prices artificially nothing else. There will be 2-3 cycles of prism prices in next 4-5 years. For now prices will stay as it is or minor growth if pace of development is good.

Phase 9 town
As soon as construction will start prices will grow gradually. More wait more profit.

AHMAD HASSAN® replied on Friday, March 18, 2016 04:59 AM 

Prisim upper block prices will go high further due to following reasons:
- Up side phases (Phase 5M, Askari 11) Already developed)
- center of attraction of all investors for next few years or till no new mega project launched by DHA
- location

AHMAD HASSAN® replied on Friday, March 18, 2016 05:06 AM 

Adding one more point that there is big difference between pace of our earning and property price rise. The time prisim will be ready it will be out of reach for many persons like me. This is the reason we buy today and wait, although we believe that no one knows that he will be live tomorrow or dead.

insider replied on Friday, March 18, 2016 05:23 AM 

very well said AHMAD HASSAN

Ekrar® replied on Friday, March 18, 2016 11:18 AM 

The prices in prism are now being capped by phase 7 prices...
I would say it in another way....i.e. The greater the prices of phase 7 NOW, better impact it will produce in the rolling year on prism prices....

DHA 9 Town still has leverage of increase in prices(5-10 lac)-- Increase in prices of DHA 9 Town and better access to this will have a good impact on upper blocks especially prism sector A (being neighbour to 9-Town apart from other properties of location and early development there!). So Sector A,D,C will keep on increasing smoothly from now onwards, even inspite of being overpriced!...

Mian replied on Friday, March 18, 2016 05:13 PM 

@ Ahmet sb. your views awaited ???
>