Hello friends....The rates of commercial plots in usman block and ali block in safari valley(phase 8) of sizes 15x35 and 15x20 have decreased in a matter of few months...In some cases from 1 crore to 45 lakh...
Is this a normal phenomena in commercial plots rates when the market is down or this is something out of ordinary....What could be the reason for such drastic decrease in prices
Is it happening in all of bahria phase 8 or dha...Friends and experts/gurus may please comment and put all of us wise in understanding the dynamics of real state market....Jazaak allah
As the undertaker, you’ve hit the nail on the head. It smells like imminent demise, certainly not the ordinary.
Dear Undertaker,
You are right and it's very true prices decrease in commercial especially in safari valley.What is the reason and why prices are going down in 15x20 and 15x35 commercial plots.Three months before i offer somebody 4.5M 15x20 corner paid very good location in Ali block but he didn't accept that time but now he offer me in 3.5M.It's really big surprise for me then i asked to my friend who working for Bahria he conformed Bahria investors are going to left for BTK that's why market is down and genuine investors are very less in market.
Allah knows best.
Regards
Not a bad time to buy,nadeem bro will you share the details i am interested
Dear Adnan bahi,
I offer him 3.2 M and i am very hopeful inshAllah game will close to 3.3M let's see bahi.
Regards
I think u probably found it through bahriatowns.com.as i had seen this plot on their website,anyways best of luck,they must be deliberately taking phase 8 to an extent where they can pick it up once again,as fluctuation is the foundation of bahria agents without which they cant play gambles
Dear Adnan,
I didn't check that site.I am in Kuwait and one of my friend called me about this plot before three months and now again he called me for offer.
Regards
Yes..u r right..that website n also some dealers...but y only usman n ali block plots.....y not umer,abubakr and rest of all the blocks in phase 8..
What has suddenly popped up for usman n ali commercials...these plots r on ground with full resources available..even there is one plaza already constructed in usman commercial with a hotel running in it....
R these illegal or something
this much depreciation is not visible even in still developing plots in g or I or f1 and e blocks
please discuss the factors of such depreciation as to what causes the crash in some areas and not as a whole...jazakallah
Dear Undertaker,
You are right it's just in Safari valley and especially in Ali and Usman blacks.Allah knows best.
Regards
Nadeem bhai..I respect ur opinions and take guidance from u experts....I initiated this thread to understand the dynamics of real estate fluctuations..i have observed that many friends are offended ..which is not my intention in any way...I am in it with the rest of u all brothers.....
One brother said that 5 years will be needed for reversal..i think 2 years will see positive changes in phase 8 as btk will be on ground by that time and investors/dealers at btk would have taken most of the juice by then....(absolutely my own analysis)....regards
Undertaker ,i think those plots may be in heavily filling areas, and second thing is in future after population increase ,abubaker and umer blocks may have upper edge in business bcz of location ,i.e proximity to other sectors .
YES i agree 2-3 years will be the time needed to uplift the market.
You see the defence villas in sector f dha running up the rafi block and touching in lake view block plus infront of overseas sectors, and their prices for 10 -11 Marla villa is 170 plus, that means land is somewhere bet 80 95 for 10 to 11 Marla.
Even if bahria collapse as a whole(unrealistic) these areas of phase 8 will not be affected plus the valley and possession blocks.
ONE crore for 2.5 Marla was realistic and should not come to 45 , without some big specific reason only applied to the very plot
That's a very good point by Dk bahi and he is absolutely right.
Undertaker sab it will give you good return if you get something in Abu bakar or Umer block Allah knows best.
Regards
Everybody, including myself, was expecting market to stabilize (if not revive) in 2015, but it is not happening. Many experts attribute it to: a) tightened tax control by FBR, b) revival of overall economy and c) decreasing housing demand in Islamabad due to success of Zarb-e-Azb and return of IDPs. Market stagnation is so intense that it is felt in CDA sectors as well.
Bahria investors are among the top losers. BE2 fiasco has drained them out completely. Rapidly declining prices are reflective of this wholesale massacre of Bahria investors who are now selling their last bits to avert further losses. Unless Bahria does something to support its investors, it seems a long way down for them.
I agree isloo...but what options MR has once it comes to phase 8...he can start a new project here or start fast construction and possession to underdevelop sectors or give a minor concessions to home builders in some form.....or.....at least start construction of the planned head office at bahria district....seems to me that he has also acquired the trick of placing boards for the projects like politicians
BUT he wont do any of these things until he feels that time is right for him.....
Isn't it all about the right timings in real estate??
DK…on a second thought I feel that this decrease is somewhat justifiable in commercial plots…as it has gone down to 20 lac per marla from 30 lac per marla…normally in an environment where residential plots have gone down on an average of 5 to 6 lac per marla…rest the experts know much more about the statistics…can comment if they like…thnx
Undertaker: MR has already sold out Phase 8, so price increase is of no interest to him. However, his silence over new mega projects in Enclave and Blue Area (Parklane tower) is meaningful. Perhaps he’s waiting for money to be regenerated in market veins before he makes his next big move. Who knows!
Isloo..money he has generated and saved...a lot of it..the point is ,what is he going to do next..after Karachi.
from an interview of MR a couple of months back in London..i guess he has grand plans of opening bt in nawabshah,sukker,hyderabad and certainly all his resources will be used by him to make those projects a hit....so where does phase 8 stand in this picture??
2 to 3 years for revival of phase 8 market is somewhat a speculative time frame...I guess
no solid reasons to go for....
Just to add here regarding the revival of 2015; don't forget to review what stock market has been doing recently, ever since this government took control stock market has been bullish and delivering handsome returns to almost all investors. So, why in the world an investor would turn to real estate when market is staying bullish and he doesn't need any safe heavens. As long as people making money there RE will not see and upward trends.
Also this is the very reason developed countries have REITs securities which are traded on the stock market, that way real estate industry move in the similar direction that stock market takes. An undocumented and unaccounted real estate industry like we have right now is actually not serving anyone at all.
Dear Undertaker,
Market is down everywhere it's not mean Bahria phase8 is bad project.One to two years it will give good return inshAllah even MR is not focusing phase8.More than 60% genuine buyers in phase8.Allah knows best.
Regards
It true market is down everywhere , sir nadeem. Housing projects have been started in every city of punjab, phase 8 has best future. Best time to buy.