DHA Rahbar Phase II then and now!

It is among the few housing societies in Lahore where rates have constantly been going up since the start of this year. The prime reason behind the surging rates is most definitely due to the peaking interest of the end users looking to live in a Defence Housing Authority (DHA) project. The society is already home to over 200 families, while more are being anticipated. Here is the update on what’s currently up with property demand in DHA Rahbar Phase II.

Price trends

In anticipation of possession announcement for residential plots in Blocks M, N and P, investment activity for the phase continue to build up from the start of this year. This accounts for a gradual yet steady rise in the rates. Compared with our last update on DHA Rahbar Phase II, property rates here have gone up by at least 15%. The stats for prime blocks and plots is even more encouraging where the price appreciation for plots in Blocks M, N and P has been even higher.

Further hikes is expected in rates but the experts believe that this would be gradual and be witness in rather stable and subtle manner.

Market trends

Ever since the announcement of possession for plots in Blocks M, N and P back in June this year, there has been a constant demand for residential plots here. The society mainly features plot sizes in 5-marla with only a few odd-sized options in some blocks. So this has mostly been what the plot buyers have been after.

While, compared to demand recorded during the high-buying tides, property transaction volume has lately dropped. However, it’s still the most happening housing society of the neighbourhood. It interests the investors, too, who expect that King Edward Medical College Housing Society will be merged with Rahbar Phase II. A formal announcement in this regard is awaited though.

Future potential

Compared with established housing societies in its immediate vicinity, property rates in DHA Rahbar Phase II are still lower by over 50%. Experts believe that this gap will be filled slowly now as the society is now with the end users, where no major development or related step is awaited. However, if one of more societies in its immediate neighborhood is merged in Phase II, the situation can alter.

In other words, the society is mostly suitable for the end users, where random investment activity will bring along investment tides for a short period only.

A look at market rates

The rates of plots shared in the table below are according to individual blocks, where demand is comparatively higher in Blocks M, N and P as these blocks feature underground electrification system. In addition, the society’s main entrance opens in Block P, making it the most expensive of all blocks in DHA Rahbar Phase II.

If you wish to buy a plot, we recommend you check our property listings page for plots for sale in DHA Rahbar Phase II. In the meanwhile, you can check out the price range hereunder;

If you have any questions or feedback on the article, let us know through your comments.