Sir
Two years, I wrote being on safe side when advising friends for investment…
The way DHA Rahbar is appreciating, it could be much closer as Lahore is an industrial city connected bzness wise to Faisal Abad contrary to twin cities where mostly working class lives.
But Yes, I-series, after golra more flyover, has high potential for appreciation as per CDA history.
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Sir, how do you see DHA-7 Lahore in near future. Prices are appreciating CD very fast. Is this the peak of phase 7 or still to come.
It will definitely reach 1 crore. Within DHA, only two schemes of 5 marla are good and that is Rahbar and 9-town. Rest are not in very good location. 9-town has filled up very quickly and plots are 70-90 lac there, it will touch 1 crore quite soon. The way I see it, Rahbar will follow in the same manner and hit 1 crore within a year I expect because 5 marla schemes are very high demand in Lahore.
@drrizwanyusuf DHA-7 from an investment point of view has mostly peaked besides some pockets. Lower areas of phase 7 like blocks X,T,U have seen high construction rate so plot prices have become quite high here already. I think certain pockets of upper blocks will still gain plenty due to low possession, bordering with Defence Raya/Fairways commercial and late possession. If amnesty is extended which I am certain it will be, then phase 7 boom will keep going but limited. I think phase 9 prism makes for a far better investment right now but it’s slightly higher risk. Phase 7 is a low-risk, slow growth investment now.
If you are going to invest in phase 7, invest in following upper blocks: W and lower portion Z1 especially areas closer to upper sector Y. Upper sector Y has biggest park in phase 7 (80 kanal) and it has plenty of facilities planned closeby like mcdonalds, masjid, commercials, restaurants. Both W and lower portion Z1 got late possession so fewer houses here compared to other phase 7 areas (more room for growth). They are close to defence raya and fairways. Then I recommend V block because prices here are slighly lower due to village. Village is expected to clear within a year or so and a commercial will be developed in place of it. V block has significant potential for price growth as a result and it is also close to Raya and Fairways commercial. P block is the only other viable option because it is only block of phase 7 on main boulevard. Once commercial activity develops on main boulevard, it will become very expensive. There is a JV BOT site given infront of P block where a mall, marriage hall and other commercial activities will arrive so for long-term, it has high growth potential. Contractors have already arrived on-site with materials so I am expecting construction on JV BOT site will begin soon.
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Well briefed sir. I really appreciate.
Regards
Thanks Asad sb.
Highly admirable such an insight and excellent working.
I just closed 3 deals in Rahbar, each 5 Marla.
Sir, this is my first working in Lahore & my understanding is that in Lahore, societies are fast to get completed as terrain is just plain land.
I bought in Rahbar @ 55/71/63 Lacs with installments part which will finish in 2023.
One of the three plots has jumped up 5 Lacs in only 2 days, Alhamdolilla.
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Mabrook bahi and i hope it will give you good return
In Shaa Allah
Thanks bro
Really great guidance. Thanks
@Asad, how do you see prices of Phases 6, 7 and 8 where prices have jumped nearly 80-100% in last 7-8 months.
Is this sustainable or another bubble waiting to be burst?
All three phases are now mostly for end-users and buyers. Phase 6 and 7 are on track for slow growth and will remain low risk. Phase 6 is far more developed especially when it comes to commercial aspect, while phase 7 has little to no commercial activity so room for growth in phase 7 is greater. Even if market does see correction, phase 6 and 7 will not lose much value because of high construction activity and rapid development. Right now in DHA Lahore, buying is highest in phase 9 prism followed by phase 7.
On the other hand, Phase 8 is the best phase location wise but construction activity is low and not many builders are in phase 8. So phase 8 could see a greater correction than 6,7 but not by much. I say this because most investors have already exited these phases and instead invested in phase 9 prism, phase 10 and other DHAs like Multan/Bahawalpur/Gujranwala. So the current demand and prices in all three phases is driven by genuine end users.
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@Asad, thanks, but if you see in the context of previous boom and bust few years ago, this price jump does not seem sustainable to me. At that time too prices in ph. 6 and 8 jumped to above 3 crore but then came back to 2. This is serious correcrion that concerns me.
On the other hand DHA Lahore is the only trendy place to live. So it remains no.1 choice of people to build their dream house. Though Lake City and Bahria offers some competition, but the scale is not matching. This demand supports the argument in favour of organic price growth in DHA. But my concern is with the supply of plots in phase 7, 8, 9 and 10. Which is virtually unlimited.
When phase 6 and 8 jumped to 3 crore and back back down to 2, that was before in 2016 during market crash. Before crash, prices peaked at 3 crore and then they came down. Why? Because investors quickly retreated and sold their investments, so there was a massive selling rush. As I said, phase 6,7,8 have already passed the investor stage and they are phases solely for end users who will always have demand even when market crashes.
When market does crash, it will be the speculative phases or areas where prices will crash. That would definitely be DHA Multan, phase 9 prism, phase 10 and to some extent, phase 13. As for supply of plots, even when you combine all the housing schemes in Lahore, it will still not satisfy the demand for housing. Demand for housing is still rising yearly and supply is not meeting up to demand. Lahore has a huge demand due to its population and constant migration to Lahore. Large supply of plots and low demand is more of a issue in Multan, Bahawalpur and Gujranwala which is why I don’t support investing in smaller cities.
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Asad sb
Sir, you are talking all phases of DHA Lahore but no mention of Rahbar!
کیا یی کھلا تضاد نہیں ہے سر؟
Rahbar is nicely connected to defence road as well as to Lahore ring road.
Does not it succeed in all DHA’s horse race?
If not then let us listen yours learned analysis, better still… guidance?
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I already mentioned, Rahbar and 9-town are the best 5 marla schemes. 5 and 10 marla plots in other areas of DHA Lahore are usually in poor location so Rahbar and 9-town have an edge in that sense.
Thanks Asad sb.
Khush rahain
Defence road Lahore does not go to defence (DHA) !
Town is in main DHAs, in Ph.9 close to Ph.5, 6 and 7 therefore enjoys unique position that explains its high demand and price appreciation.
DHA Rahbar on the other hand has rather humble surrounding, so it will never come close to other main DHAs (Ph 1 to 10) in price and prestige. At best, it compares with neighbouring Valentia, NFC and WAPDA.
Yes Isloo1 sb
Apart from uniquness from several factors, the merging of KEMC scheme, which is ongoing by the way as transfers are now blocked due to the merging process, NFC is also being heard merging with DHA-11 ( Rahbar).
Rest Allah Knows Best
Lets wait for further news. Same goes for budget. So many rumours are flying and right now everyone is very confused. We will see more clarity about market situation and RRR in coming days.
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As the saying goes:
What you really wanna do, you will always find a way to do. What you don’t wanna do, you will always find an excuse not to.
Money have been made, Enquiry report in cold storage. Rest is face saving and more confusion to divert from the actual topic. Ring or no Ring now is the secondary question, the primary ones: What about the Scam? Who were the Culprits? What’s the action Plan?
Have these people even said a word on it?