I need your suggestion regarding buying a plot in dha phase 7 for construction of my house. What is the expected timeline for the phase to be ready for living? In the long term, is the value expected to increase and match phase 6 and phase 8 or it will remain lower than other dha sectors
Thanks in advance
Some blocks of ph 7 are already ready for living as there is just a stone throw distance between ph 6 and 7. It's infact the same phase that's cut into two phases in a triangle form. So the distant blocks from main boulevard will take some more time for living but the others are ready.
Since location of ph 6 and 8 are better, ph 7 will remain lower. But the value will surely increase from current levels.
Phase-7 is under valued at this moment, there is no doubt about it. Almost 80% possession has already been given & construction activity is going on in different blocks. Right now, more houses are under construction in P, R, S blocks whereas few houses in T, U, V & W blocks. It's ideal time to buy plot as prices are within range. Overall phase-7 will be liavable in almost 2-yrs as many houses would have constructed till that time.
As far as its location is concerned, its is attached to Phase-6 rather part of phase-6 & with the passage of time price difference between phase-6 & 7 will reduce significantly but it does not mean that Phase-7 price will become equal to Phase-6 & 8. All depends on construction activity in Phase-7. Other factors which will contribute to rise in Phase-7 prices are widening of Burki Road which is going on, widening of Bedian Road which is planned, development of knowledge park whose contract has already been given. So, if you want to construct home in DHA within 2-years then Phase-7 is best option with limited budget but its prices can start rising anytime coz it has left behind & investors can jump in anytime to avail the opportunity.
Rest Allah Almighty knows the best
Thanks for the detailed responses Mr. Irfan and Mr. Muhammad.
Can anyone please advise whats the current status?
How much percentage is contructed?
Which facilities are not available?
Can I start contructing house now? IfI buy it now? Price is in range of 6--80 for 10 marla plot
Please advise