Property price trends in DHA Lahore Phase VI in 2014

Ever since Defence Housing Authority (DHA) Lahore moved its office to DHA Phase VI from Phase III, the commercial activity in the former has increased at a massive rate, making the big investors more interested in cashing in on the increased commercial activity in Phase VI. The increased buying tendency, coupled with more banks and brand stores heading to Phase VI, has led to the property there becoming more precious. If you, too, own property in DHA Lahore Phase VI, you would perhaps like to see how 2014 turned out for it. Let’s check it out.

Price trends – 5-malra plots

Per Zameen.com’s stats recorded during December 2014, the average sale price of 5-marla residential plots in DHA Lahore Phase VI was Rs 5,616,963. The average value of these plots back in January 2014 was Rs 5,233,333, and by the end of the first half of the year, their value had increased by 13.46%. Unfortunately, though, the trend couldn’t continue during the second half of 2014. Between June and December, the average value of these plots experienced a price drop of 4.87%. So, the overall price gain seen by 5-marla residential plots in DHA Lahore Phase VI during 2014 was 7.33%.

Price trends – 10-marla plots

Unlike 5-marla plots in Phase VI, 10-marla plots had a more successful 2014. The value of these plots continued to rise throughout the year with an average per month rise of 1.36%. By the end of 2014, 10-marla plots in DHA Lahore Phase VI were 15.99% more expensive. Per Zameen.com’s stats recorded in December 2014, the average rate of 10-malra residential plots there hovered around Rs 11,787,561. Please note that their value back in January 2014 was Rs 10,162,434.

Price trends – 1-kanal plots

During 2014, the price trends noticed for 1-kanal plots is similar to that of 10-marla plots, as their value also did not drop throughout the year. As recorded by Zameen.com, the average sale price of 1-kanal plots in January 2014 was Rs 14,945,859, and by the end of the year, their value had increased to Rs 16,568,073, a price gain of 10.62%. According to our stats, the first half of the year 2014 was more rewarding for these 1-kanal plots.