Hi, I m observing, Defence Phase 9 from sometime, from 13 lack in May 2013 to 20 lack in Nov, Dec without any reason or development or progress whatsoever, and now its going down back to its original starting price, today even selling at 15 lac… Looks like artificial bubble bursting? Or people investing somewhere else because Phase 9 is indeed 10 more years project, so its not wise to hold money for that long if you are investor… Any thoughts.
Hello,
Brother, there are multiple reasons of this decline in my view. Firstly, i think that the market is in an adjustment phase because of which the prices are falling. I dont deem it as a property bubble. Secondly, now a days, people are quite inclined towards investing in Bahria Town Karachi.
And the point that you raised also seems to be one of the reasons of the decline because it is a long term investment.
But, in Shohda Town of DHA Phase 9, i have seen that the development is going on. Work on the provision of electricity is being conducted in Shohda town.
Bahria Karachi is the center of attention rite now.