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On popular demand: DHA Phase VII update!

Property
3 min read | Samra Zulfiqar  | October 10, 2018

Ever since Defence Housing Authority Lahore granted possession of plots in Phase VII last year, demand here has been inching up. In fact, Phase VII is among the few DHA phases where investors join genuine buyers to gain good returns on investment in the medium term. The fact remains that DHA Lahore Phase VII is the cheapest of all developed phases for the 1-kanal plot category. Here is all that you need to know about making some excellent investment decisions.

Market update

Due to comparatively low property rates, the last one year witnessed decent transaction volume for residential plots here. And since the number of investors and buyers weren’t the same, there hasn’t really been a major jump in rates. Instead, a nice and gradual appreciation was witness but that too for prime category plots. Overall, property rates have mostly been stable.

Since a big part of this phase is yet to greet residents, and buyers have a number of options available, the demand-supply rule kept the situation under control.

Investment prospects

Phase VII is nestled among Phase VI and Phase VIII and when compared with these two, there is a stark difference in rates. Keeping it into account, investors eyeing long to medium term gains are seen actively buying plots in this phase. In addition, real estate builders are also constructing housing units for the end users. In the meanwhile, the end users are also eyeing prime category plots for their personal use.

This may or may not jack up the rates in near future but it does tell that rates here fall well within the range of buyers looking for 1-kanal plots. And for a lot of these buyers, right now could be the best time to purchase a plot or two in DHA.

Popular blocks

Most popular blocks here are obviously those more populated and these essentially are located closer to the phase’s main entrance i.e. Block P, R, and T. Property rates in these blocks, especially Block R, is higher than the remaining. There might be cheaper options available within these blocks but that would only be for plots close to the boundary, graveyard or some in odd size.

Except for some lanes in Block Z-2, all development work has been completed. For the blocks located at the rear side, the appreciation in rates would be gradual and this will take medium to long term.

A look at rates

The rates mentioned below include the range of plots from cheapest to the most expensive, where lower rates are for plots having regular locations and higher for prime category plots.

Blocks Plots Price range in PKR
Block P 1-Kanal 12,000,000 – 18,000,000
Block Q 1-Kanal 11,500,000 – 15,000,000
Block R 1-Kanal 15,000,000 – 24,500,000
Block S 1-Kanal 12,000,000 – 16,500,000
Block T 5-Marla 6,500,000 – 7,000,000
10-Marla 7,000,000 – 8,500,000
1-Kanal 10,500,000 – 17,000,000
Block U 10-Marla 7,500,000 – 8,500,000
1-Kanal 11,000,000 – 16,000,000
2-Kanal 25,000,000 – 30,000,000
Block V 1-Kanal 9,500,000 – 1,6000,000
Block W 1-Kanal 14,500,000 – 17,500,000
Block X 10-Marla 7,500,000 – 8,500,000
1-Kanal 11,500,000 – 16,500,000
2-Kanal 26,000,000 – 32,000,000
Block Y 10-Marla 6,000,000 – 9,500,000
1-Kanal 9,500,000 – 17,000,000
2-Kanal 26,000,000 – 30,000,000
Block Z-1 1-Kanal 13,000,000 – 20,000,000
Block Z-2 1-Kanal 9,000,000 – 13,000,000

If you have feedback on the blog or any related question, please let us know through your comments. And if you wish to speak to an expert for buying or selling property in DHA Phase VII, you can call Jamshaid Bhatti of Subhan Estate at +92-322-537-7773.

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Samra Zulfiqar
Samra Zulfiqar, a real estate analyst at Zameen.com, is passionate about finding projects that offer buyers the best returns. Her keen insights spotlight the market’s most promising opportunities.

  1. This phase has the post potential return wise! I remember when no one used to go to blocks DD, CC etc phase 4 as it was considered very far, isolated and low end location and now it is the centre of DHA with one of the priciest plots. DHA phase 7 is developed outclass and in my view, you will, in the next 5 years see the rates comparable to phase 6. I am actively looking for a 2 kanal plot here but genuine sellers are rare.

    1. Hi Sheru,

      Good to read from you after such a long time. So you are looking at Phase VII, hmmm which other projects you thinks are good to invest in right now?

  3. Hi Samra,

    Few months ago you wrote an article on 5 marla house grey structure cost, could you please write an article for the complete 5 marla house including finishing as per the updated rates

    Many Thanks

  4. In DHA phase 7 are the plots available on installments or upfront payment in total.

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