DHA Phase 9 Lhr... Time To Sell?

Selling Properties General Advice
#1

About 3 months ago I bought a file for a 5 Marla plot in DHA phase 9 Lahore. This was always meant to be a short term investment. Since then it has generated good returns close to 25% within 3 months. However, I have noticed that over the last month or so, prices have stopped rising and are infact falling. Just after Eid, I was being offered close to 21 lac for this file, whereas now the offer price has fallen below 20.

My question to fellow forum members, who have good knowledge of Lahore real estate is, whether the rise in phase 9 has run its course? Should I sell this file now or should I wait for the next cycle, if needed I can wait for a few more months now. Or is there any better opportunity available for the short term in the Lahore market in approx. That range?

Thanks.

#2

Dear Syed Amjad

DHA Phase 9 is a long term investment for atleast 7-8 years. I donot understand how you feel it as short term investment. Its file price is increasing from last six months just like property prices increased all over the country due to various factors.

If you want healthy return then you should keep this file until balloting. After balloting, I hope you can get better return.

Yes, its a good investment in this budget.

Regards

#3

Yes Sir I agree its a longterm investment, but I had only invested for the short term as the prices were rising steadily, its still in profit. I don’t think I will be holding it for 7-8 years but can possibly hold it till the balloting if it occurs within say next 6 months. Do you think there is any chance of balloting within 6 months? Thanks!

#4

Dear Sir

There are so many rumours about ballotting but frankly speaking there is no exact date and nobody knows about it. If you hold it for next 6-months, i hope you will get better price. Pls hold it for some time because its not a bad investment at all. Location wise Phase-9 is very good choice.

Regards

#5

Thanks! Well I am counting on the fact that DHA Lahore has a strong reputation to live up to. There were rumours that balloting might take place before Gen Kayani's retirement as he might inaugurate the project, but now we are hearing rumours about his possible extension! Seems like we are now looking at balloting somewhere in 2014. Lets see what happens.

Any other views would be highly welcomed, specially regarding possible alternatives. I think I could get a 10 marla in NFC phase 2 for this much. I wonder how these two options compare from a return on investment point of view and the time required.

#6

Is there any other good/comparable option in Lahore for around 2 million( +/- 0.25), preferrably with possession. Files just make me nervous, I am not sure if I can hold on to files long enough. With plots its a different story. My investment horizon is about 8-12 months for this at the most. Thanks.

#7

Well just to update, I sold my file for 19.25 lacs on Monday. However prices have been falling really fast in Phase 9 now. I think yesterday’s supreme court decision on DHA Lahore - EOBI deal could have serious implications for Phase 9 file prices. I think it could become difficult to dispose off the file for even 18 today. Could be nice if someone can provide an update on how the market is reacting to this news. Thanks.

#8

What was the DHA Lahore - EOBI deal? can u kindly explain. All of us know abt the DHA isb/rwp - EOBI deal...but this is new to me.

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