Update on rates of DHA Lahore Phase 9 files

Rumours regarding the balloting of DHA Lahore Phase 9 have created a bit of a hype in the market, causing many investors and property buyers to get on the hunt for these property files. Based on high demand for Phase 9 files, their rates have also climbed rather quickly. For some property buyers these rising rates might be upsetting. For the rest, however, it is an opportunity to bag some quick gains.

Since the start of 2015, we at Zameen.com have noticed a gradual rise in the value of Phase 9 files. To get a clearer picture of the price rise seen lately, I recommend you check out the price trends of DHA Lahore Phase 9 files in the second half of 2014 for a better idea of the background. Many real estate agents dealing in DHA Lahore are of the view that the rates in Phase 9 are unlikely to make any sudden upward movements. If you follow their advice and at the same time are looking at long term gains, you should perhaps hold your investment for a good three to five years.

Please note that despite rumours about the balloting of this phase, the Defence Housing Authority hasn’t made any official announcements about when it is actually going to ballot it. Balloting will surely bring a decent increase in the values of these files – which would then be plots, of course – but I would advise you not to listen to anyone except the DHA itself when it comes to balloting dates.

Let’s talk numbers now. Per Zameen.com’s stats, the current (as of March 25, 2015) average value of 5-marla files in DHA Phase 9 is PKR 2,225,000, which was PKR 1,885,000 back in January 2015. A price rise of 18% in less than 3 months’ time, and that too before the announcement of balloting, says a lot about how hot the market is right now for Phase 9 files.

The average sale price of 10-marla files, as of March 25, 2015, is PKR 3,400,000. Their value recorded by the portal in January 2015 was 3,325,000, which doesn’t reflect a very significant rise. The average rate of 1-kanal files in Phase 9 has also increased between January and March 2015. From PKR 5,035,000 at the start of the year to 5,400,000 on March 25, 2015, rates of 1-kanal files in Phase 9 have increased by 7.25%.

For those people who have earned a decent profit on DHA Phase 9 files and are looking to make their next move, our suggestion would be to wait for the balloting now. If you think otherwise, let me know why in your comments. Meanwhile, you can also check out Zameen.com’s listing pages for DHA Lahore Phase 9 files.