DHA Lahore Property Market Update October 2020

Real Estate market saw an unprecedented upward trend in the very recent past in a long long time, Which basically is a no-brainer all things considered. Global Situation post-Covid 19 has a lot to do with it as well as certain domestic factors. Rise seen in some of the areas was rapid and somewhat surprising. Some of the “Not so investment-friendly” areas too gained a lot as well. Possession areas where construction is possible gaining is no surprise but non-possession phases too saw an astonishing rise.

Would the trend continue? That’s the question asked the most these days, the answer would be yes. For a foreseeable future, the current trend seems likely to follow suit, not at the same velocity as it did but it’ll still continue the course. Planned thoughtful investments would yield valid results. The correction will occur time to time which basically is a good thing for consistent trading as well as keeping some sort of lid on prices.

Govt of Pakistan has a special eye for this sector which is one of the fundamental factors of the changing dynamics of the market. The need of constructing large scale low-end houses is a fact and it’s had a rather confusing impact, with prices increasing the task in hand looks a tough one. one the other front investors have piled up various properties and the trend seems to be tilting toward Vertical options slowly but surely. Lahore especially still has a lot to offer in this regard with still massive potential to be fulfilled.

The Month of October has seen the pace slowing down a bit ‘albeit” in some areas. DHA’s proposed instalment options plan has to be considered as one of the main factors behind it, but, with this bowling over there’s a definite chance of market returning to the same activity. Rumours circulating of the Amnesty scheme’s extension “No official word on that yet” the likely outcome does look positive.

The fact of the matter is Covid 19 has had it’s impact globally and global economic situation will continue to observe various challenges for a foreseeable future. In Pakistan, the Real Estate sector seems to have benefited the most because of it, with other sectors observing the negative impact, the Real Estate sector in Pakistan seems likely to continue growing.

DHA Lahore Phase 5

Phase 5 is the most elegant and fully populated phase of DHA Lahore. You can confidently choose it for residence and not for investment purposes.

The best investment in this area with a greater rental return is in a commercial activity like commercial plaza’s. Investment in residential plots is not suitable.

Investment in Goldcrest Mall apartments is a good option as prices haven’t high. Now the mall is functional and partial possession of the apartment is expected in January 2021, so you will see the huge increase in these apartments.

DHA Lahore Phase 6

Phase 6 is the most modern phase of DHA Lahore, with smart features and facilities. In my opinion, prices have too high now and there is no significant increase in prices. This is actually a great opportunity to buy a plot in good location blocks such as A, B, H, J, C etc to build a house.

MB commercials offer better rental income in DHA Lahore among all other commercial areas. In my opinion, if you have the resources, this is the best investment in DHA Lahore right now.

DHA Lahore Phase 7

Phase 7 offers 1 Kanal possession plots with the lowest price in DHA Lahore. When building a house in phase 7, only buy a plot in blocks P, Q, R, S and T. A good choice for those who have a limited budget and enjoy all the luxury amenities of DHA Lahore.

The market may remain stable for several months or show a minor adjustment of 10%. If you had a plot in phase 7, you’re happy to get out of these high prices instead of risking your profits.

DHA Lahore Phase 8

Phase 8, DHA Lahore is one of the best options in terms of investing in 2020. Located in the prime location and current property prices are lower than DHA phase 6. It will give you a profitable return and will benefit from the relief offered by the construction package

Broadway Commercial is one of the best commercial investments you can make right now for long term perspective.

The Phase 8 Ex Park view is a very good option for residential buyers, especially for two Kanal buyers. The price is lower, Usually, 2 Kanal plots cost around 4-5 crores, which is a very attractive price.

DHA Phase 9 Town

The only society gained a maximum of 10% profit silently is 9 Town. Investors are concentrating on the other phases and 9 Town is getting underestimated. Research says that it will grow slowly but continuously and will not show big investment opportunities in the coming future.

Recommendation
It is the best option to invest in low budget possession area with high-class services.

DHA Phase 9 Prism

Investors say that the increase in DHA Phase 9 Prism is due to the amnesty scheme which is not the truth. The increase is around 25-30% as compared to the expected price. The truth is that the increase in the prices is due to the news of possession in 9 Prism front blocks. Although, the speed of the development is too fast which is another major cause of the increase in price.

It will be more than interesting to see the market of 9 Prism after the possession because the trade in the market will definitely increase and many investors there will enjoy a good outcome and profit. The vibes are always positive for 9 Prism.

Recommendation
Best time to invest and enjoy a greater outcome. This is the right time for all the purchasers.

DHA Phase 11 Rahber

The prices in Phase 2 ext or DHA Rahber sector 4 which has balloted in 2019. However, it is a non-possession area but the prices are pretty low, making it an attractive investment for the next 2 to 3 years time frame.

Recommendation
The current residential plot can give you very good returns in 2-3 years if we buy it at a lower price.