Waiting for Decline in Prism Prices Discussion Property News & Community Talk

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Rashid Raheem

Tuesday, April 19, 2016 07:48 AM

Dear reader, on the advice of many dealer i am waiting for right time to invest in Prism since December, 2015. But fact is that still there is no decline in price although now average location plots are not available to buy those we present in Jan, 2016.

Now i feel dealers has wasted my time and opportunity to make some profit, now i request to experts to give some guidance what to do

Wait or Buy

Jazak Allah

jk replied on Tuesday, April 19, 2016 07:54 AM

Yes its true with the passage of time the availability of good location plots or average location plots at reasonable price is squeezing.

I can not understand who are suggesting for wait, will they manage the plot. that time they will smile only

prism potential replied on Tuesday, April 19, 2016 08:09 AM

Rashid sahib buy now otherwise after 6-8 months development in prism will be taking some shape plus lahore ring road will also be in progress then you will end up paying lot more for same locations in prism which are available today`s rate.
those who say prism prices will drop are somehow stuck somewhere else and they themselves were unable to buy in prism

AhmetKildir� replied on Tuesday, April 19, 2016 08:40 AM

Rashid sahib,

There is noone who can guarantee you that Prism prices will have an uninterrupted upswing nor is there someone who can logically predict a correction in Prism prices. This is coming to you from someone who has 4 investments in Prism.

I am placing my stakes in Prism as I believe in this project. The last time I strongly believed in a project in Lahore was DHA Phase 6. I love Prism's location and its access routes. I also believe that DHA has had a big focus around Prism. It reminds me of the hype around Phase 6 when it was once launched at peanut prices :)Go to DHA Lahore office if you have the time. It's Prism everywhere. The focus is so high that it makes the average joe believe that it has to be some kind of a Pyramid Scheme. It isn't. It's just a brand new awesome DHA phase that is bound to become the best phase in all of DHA Pakistan.

Prism is a few kilometers south of Phase 6. Its adjacent to DHA Town which a project DHA launched for the families of its most dearest soldiers who had died in service.

I simply can't guarantee you that Prism will keep going up without any hiccups. But what I can assure you that its prices will eventually be the 'the same or higher' than Phase 6 as the development progresses. It might take a few years so maybe its not the best investment for short-term investors at this stage. You might make more money in the short term in 'soon to earn possession' plots in the older phases of DHA. However once possession granted, those plots will have reached 90% of their maturity prices. Prism still has a long ladder to climb as it is somewhere close to 25-35% of its maturity price. Key here is to invest in a 'clean' plot. In 2016, I think Prism still has 10% 'more' to gain - I mean real gains adjusted for development charges.

My suggestion will be to use my comments as 5% of the research needed before buying a plot. Rest 95%, you need to actually study the market. Speak to some good agents. Speak to buyers in the DHA office or elsewhere. Speak to DHA itself - they are very responsive unlike what most of us believe. If you still aren't satisfied, there are 8 other phases to invest in :) Leave Prism for ghareeb Prisoners like me :)

Rashid Raheem replied on Tuesday, April 19, 2016 08:49 AM

Thank you Mr. Ahmeny & prism potential for your valuable suggestions, yes i agree with you, InshaAllah will buy in current month.

I appriciate if you can suggest 10 Marla plot location wise in Prism.

Jazk Allah

AhmetKildir� replied on Tuesday, April 19, 2016 08:55 AM

For 10 marla - Block R is my favorite for medium term. Block C is my favorite for short term. Make sure you get a 'clean' plot in any of these blocks.

Please dont take my advice only as I am just a small investor compared to the big fish out there who steer market directions. Study the market by speaking to at least 20-25 agents personally.

LRE has the largest inventory of Prism so it should always be your starting point. Plus i noticed LRE is quoting the lowest prices compared to all other agents in Lahore.

You are buying at a good time. The market will be quite dead in May-Jun so plenty of 'deals' should arise.

Habib replied on Tuesday, April 19, 2016 09:01 AM

yes price is static abd stopped growing may reverse a bit in few months. Quite Likely to reverse a bit but no significant Land slide will be there.

AK replied on Tuesday, April 19, 2016 09:08 AM

What is price of good clean ten Marla plot in R block, thx

Rashid Raheem replied on Tuesday, April 19, 2016 09:24 AM

Dear Ahmet sahib although i am in study phase and will finalize shortly. One plot owner of 10 Marla in C block facing kanal and 80 ft road asking 70 lac with 2 installments paid.

He is mentioning many advantages like underpass from M block of Phase 5, easy excess from ring road and near to commercial and golf course.

what u say sir about this at 70 because this plot attract me also

Surfer replied on Tuesday, April 19, 2016 10:19 AM

"Beautifull analysis Ahmet bhai" As many of the readers here stating that prism will fall down, prism is hyped, prism is Inflated. But as in my last post many of the people condemed me for saying that Prism is just statgnent for few months but it will rise & rise soon. My recomemdation For buyers buy it as soon as possible & for Sellers those who want to make their dream house wait for 5 years & build house in a place where a person ever dreamed of it. Investors hold for 3 to 5 years as it could be to get maximum in their term rather than better to say minimum in my term because prsim now seen up's & up's. NO GOING BACK NOW.

HassanHC� replied on Tuesday, April 19, 2016 12:37 PM

Ahmet sorry I meant the person whose name is just AK heheh