A performance overview of DHA Lahore Phase VII

Among the genuine buyers and the end users looking for affordable plots in Defence Housing Authority (DHA) in Lahore, Phase VII is their best option. Not just that development work here has been completed in many blocks with possession available, its location is also easily accessible via Lahore Ring Road Nawaz Sharif Interchange, Bedian Road, and Barki Road. So how do things appear in terms of market activity in DHA Phase VII at the moment? Let’s find out.

Search Trends

The phase is among the top three most searched DHA Phases on Zameen Search Trends for plots for sale in the society. Being able to compete with other prime phases such as DHA Phase VIII, Phase VI and Phase IX says a lot about how Phase VII attracts end users. This also reflects the market conditions when genuine buyers take the lead. Furthermore, market rate of plots for sale in DHA Phase VII is much lower in comparison, explaining why a number of buyers find it appealing.

A look at price trends

In terms of price trends, a mixed picture is observed, which also shows how buyers’ preference can shape market trends.

10-marla plots

The phase features 10-marla plots in limited numbers, and in few blocks: Blocks T, U, X, and Y. Quite interestingly, just when 10-marla plots performed better in terms of price appreciation in many other housing societies in Lahore, rates for the same in Phase VII reported a gradual drop.

Since June 2017, average rate of a 10-marla plot here has dropped by 6.2%. Although the price deprecation rate has started to drop in the fourth quarter of the year, the trend is still in the negative. Have a look;

1-kanal residential plots

Unlike their 10-marla counterparts, 1-kanal residential plots in Phase VII have performed better. In fact, market rates for these plots started to increase just when the value of 10-marla plots started to drop. This is an indication of shifting trends towards preference for buying a 1-kanal plot.

The fact, however, remains that the price rise for 1-kanal plots is less prominent than the drop recorded for 10-marla plots. Since June 2018, the average rate of a 1-kanal plot has gone up by 1.57%. It is also worth noting that the upward trends appear convincing to last for the coming months. Have a look;

2-kanal residential plots

This plot category had a rather bumpy ride, where after seeing a continuous drop in value since March this year, the rates started to recover in the third quarter. While the price appreciation recorded between June and November is rather negligible, the trend is now finally in the positive gradient.

Between June 2018 and November 2018, the price appreciation recorded for a 2-kanal residential plot in Phase VII is modest at 0.16%. It appears that the rates will stay stable to mark the year-end price trends. Here is the graph showing price variations recorded during the year;

So this was our quick sneak peek into the performance of DHA Lahore Phase VII during the second half of the year. If you have feedback on the article or any query for us, let us know by leaving a comment below.