Need your views people,
I visited Phase 6, 7, 8 (Parkview and Proper DHA phase 8)...
I have to say that these three phase 8s, air, parkview and dha are very much similar. They open on ring road and have a main blvd that goes straight down into minor divisional roads.
DHA Phase 8 does however connect to phase 6. DHA parkview phase 8 connects to Barki road.
After visiting all these phases I genuinely think that phase 7 is a really good location to build and/or buy a plot right now. The phases where possession has not been given is good for investment purposes. Frankly speaking I did not like phase 8s at all and do not understand why theres such a big price difference :S ... Phase 7 is much bigger, cleaner and does not have three separate entrances...
There was a time when everyone sold their phase 7 plots because they thought it was a bad investment. My own friend's father sold 4 different 1 kanal plots because there were some rumours of phase 7 not doing so well. today the prices have gone crazy at phase 7...
what do you guys think? I am planning on selling one of my 2 kanal plots to buy 3 plots in phase 7 for investment purposes. is that a good idea?
Ahmed replied on Wednesday, April 6, 2016 09:45 AM
Honestly, I was never in favor of Phase 7, but in my last visit to Pakistan in Feb-2016, I got convinced by visiting the site and then decided to do investment in Phase 7 commercial file.
My advise to everyone that please visit the site and then decide. |
XYZ replied on Wednesday, April 6, 2016 10:38 AM
Mr. Foreigner: Most of the members here are prism lovers. I am sure, soon you will start receiving advices to invest only and only in prism, best of the best is prism, future of DHA is prism, bla bla.
So listen everyone and decide yourself as per your requirements and ground realities. Phase 7 is as good as other phases of DHA. So if you like phase 7, what is the problem in buying a plot there either for living or for investment. Soon there would be no difference between 6 and 7. |
dubai replied on Wednesday, April 6, 2016 10:48 AM
im holding a plot in phase 7for two years and honestly speaking returns are very slow. my similiar small investments in raiwind road societies have doubled during the same time interval. buy phase 7 only if yu want to make home in DHA lahore. investing is not advisable.. its better to invest in phase 9 town instead as small product appreciates more as compared to 1 kanal |
Salman replied on Wednesday, April 6, 2016 11:00 AM
Agreed 100% with dubai. Returns are indeed very slow in Phase 7. I am also holding a 1 Kanal good location plot for the last 1 year but hardly any considerable gain. |
Surfer replied on Wednesday, April 6, 2016 11:08 AM
@ XYZ KEEP IT UP. NO COMMENT FOR YOU.
@ FOREIGNER BHAI ITS MY ONLY ADVICE FOR YOU TO VISIT PRISM AS WELL. & INVEST WHERE YOUR HEART & MIND AGREES.
☺ |
dubai replied on Wednesday, April 6, 2016 11:08 AM
im also thinking of ofloading this bad investment. at that time i had the option of buying two files of prism in similiar amount and i wish I had taken that decision but my dealer lured me into investing in phase 7 instead |
Shah replied on Wednesday, April 6, 2016 11:11 AM
Dear Foreigner
Your observation is spot on. Phase 7 is the most under priced phase in DHA at the moment. So the chances of appreciation here are the maximum. As to what Dubai sb mentioned in his post, this phase under performed in the last 2 years due to investors focus on PRISM which has now stabilised at a certain price level and no quick gain expected there in short term. It will still remain a good long term investment though.
I myself had a couple of plots in phase 7 which I sold last year due to same factor of under performance and regret the hasty decision now) but now phase 7 is all set to leap forward. Just study the average price of Phase 7 data between Dec 2015 to now and you will see how much appreciation has already happened here. And despite this appreciation, it is still the most under priced property in DHA. Also search for CMY comments in the last 60 days about phase 7 and you will see it being highly recommended by him at this stage.
My other suggestion to you would be to split your investment between Phase 7 residential and commercial file in case you want to invest only at one place instead of making a portfolio with split investment in multiple phases. Within Phase 7, which is under priced on the whole, the most under priced piece of property is Phase 7 commercial file at 205.
As a rule of thumb, commercial brings the highest rate of return in DHA. If your sole purpose is investment and not making a home then always prefer commercial over residential to maximise the ROI on investment, provided you can afford the commercial.
Good luck with your decision making process! |
Foreigner replied on Wednesday, April 6, 2016 11:14 AM
bought a phase 7 plot in 2010-11 around 40 lacs, that plot right now is 120 lacs. This isnt a slow return on phase 7.
I'm looking for long term investments. I currently hold a plot in prism as well but I don't see what makes prism better than phase 7 or 8 or anything really. PRISM is far and has nothing special than what we've seen before. Phase 7 is cheaper which is why it attracts people. It has potential for investment in 3 - 4 years. thats my 2 cents. |
Foreigner replied on Wednesday, April 6, 2016 11:22 AM
Shah I am quite amused by your thoughtful opinion and advice. Are you a property agent or do you invest yourself? I'd like to hear more on commercial prospects since I've never invested in commercial. The only thing that bothers me is that IF after balloting your commercial file is turned into a 4 Marla plot where no one wants to open anything then you'll have a hard time finding a buyer to get rid of it. This in my mind is a higher gamble than buying a plot in middle cutting which you know isnt a bad location. |
Imran replied on Wednesday, April 6, 2016 11:22 AM
can anyone please share their comments on future of dha phase 7 5 marla file. |
M Zahid® replied on Wednesday, April 6, 2016 11:39 AM
@Foreigner
There is nothing wrong with Phase 7 for house building but for investment purpose, please go in the market direction. You can not change market perceptions whether wrong or right but phase 7 is valued less by investors. My friend invested 35 lac in Jan 2012 for phase 8 file and now his plot is near around 2 crore. I had plot in phase 7 which i sold and bought two by adding some funds and are showing very healthy gains over last three months.
So please invest wisely as market can be manipulated but very hard to create. Phase 7 will take time to correct its prices. |
Adrees® replied on Wednesday, April 6, 2016 11:44 AM
Surely preFabricated post |
Shah replied on Wednesday, April 6, 2016 11:45 AM
First of, am not a dealer. I invest. And isn't that why we are all here on this forum? :) Currently I have investments in multiple phases of DHA in both residential and commercial.
Through the last decade or so experience of investments and reading and learning from other knowledgable members of this forum I have concluded that the highest return on investment is either on a 5 marla cutting as highest number of buyers readily available in market OR on commercial property. ROI is the holy grail for serious investors. And its maximum ONLY in above two categories. 2 kanal and kanal have much lower ROI than these categories.
Secondly, I wrote a detailed post on why 7 commercial file at 205 is the best investment at this time a day or two ago and you can look it up in below posts of yesterday/day before. As to you point about getting a bad location in ballot, that probability of hitting it big time (getting a main bcd/corner/facing large parking plot) or getting stagnant (bad location plot) always remain in file business be it commercial or residential. Many risk averse people tend to liquidate their files just prior to ballot when files take a sudden jump on ballot news. If you are risk averse sell your files (commercial or residential) just when market peaks before ballot and exit with a handsome money. If you are a risk taker like myself, hang in there and see what the fate has in stored for you. Sometimes you do hit BIG :) |
