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DHA Lahore Phase 8 Commercial Investment? - Imlaak

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Hello,

I am thinking of investing in DHA PHASE 8 commercial main blvd in an 8 marla plot. However, I have noticed that there has suddenly been a rise in prices of 1-1.5 crore which I find hard to believe considering the number of people who have lost jobs and savings because of COVID-19 and the economic damage done to Pakistan. Is this some kind of artificial price increase because of dealer hazraat or a real rise in your opinion? I have made on ground visit and the development work is good but definitely not that different from 5-6 months ago when prices were bottomed out at around 75lakh/marla, which is now standing at 1crore+/marla. Please share your opinion on this matter, I will be very thankful.

Ahmed

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Dear Ahmed,

I believe there is a potential of prices going higher , the prices are still much lower than the high in 2016 .

However I do agree that in 2021 we may see some volatility after the Govt relief scheme is no more applicable. Considering such risks and high speculation, I will recommend you to diversify into rental generating properties.

Jazak Allah

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