MRA – February 2018 DHA Lahore Property Market Report
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MRA – February 2018 DHA Lahore Property Market Report
Disclaimer : MRA (Monthly Real Estate Analysis) – February 2018 DHA Lahore Property Market Report is a general guideline and does not cover all aspects of the market. The real estate trends vary even within blocks of the same phase and for a layman it gets very complicated and confusing. You can now download our APP from Google store and read latest news and developments or book an appointment for consultancy.
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Present Market Condition
The real estate market has been slow in December amid the fears of Dollar rising versus PKR, however in January we did notice a renewed interest after Dollar price rose by almost 6 to 7 Rupees. January has been over all good for the real estate market and we have seen number of transactions rise considerably and prices stabilized a bit. Market in coming months will help relieve some of the selling pressure.
One of the major activity in DHA Lahore was observed in Goldcrest Mall and Residency . DHA Lahore and Giga have given new life to the project which has risen to 10th storey in no time. We will therefore include more details of this project below.
Next few months before elections may be a good time to take an exit if you are not planning to hold your investment longer than 2018 however in contrary for long term investors, this may be a good time to invest and buy property.
Lets have a look at each sector of DHA Lahore one by one:
DHA Phase 1 to 5
Goldcrest DHA Lahore Mall and Residency project in Phase 4 is one of the best investments as of today in DHA Lahore. At imlaak we are always on a look out for profitable investment options and in January our team concluded Goldcrest as the investment for the year 2018.
In other areas there are no major developments so far in the new year. Although we plan to include details and updates of Pentasquare in Phase 5 soon. In addition there are no signs of life in M Block of Phase 5. Phase 5 is Generally good for buying a house or a plot for your own home but may not be the best in terms of investment. I would refrain from investing in M block of Phase 5 and wait for a dip in prices.
DHA Phase 6
DHA Lahore Phase 6 remains stable and growing slowly but surely. 2 Kanal plots in E Block are a good option for investment as the prices are relatively good. There are various pockets in E , F , K , C. L and D block where you can still find a 1 Kanal plot in less than 2 crores.
10 Marla plots in D & L block of Phase 6 offer room for growth and are available at 135 to 150 Lacs. 7 Marla plots are also available in D Block and will also offer you a good return on your investment.
MB of phase 6 is developing into a better market than CCA 1 of Phase 6 , you can now find many brands such as Molty foam, Al fatah, Gloria Jeans, Coffee planet etc opening up and the trend will continue in days to come thus making the main road facing MB commercials a worthy rental generating investment.
As suggested earlier investment bubble in CCA 2 of Phase 6 has burst and prices have suffered by 5 to 6 Million. Prices will probably go down a bit more before stabilizing and therefore investment in CCA 2 of Phase 6 is not yet recommended.
Recommendation
a. Buy residential plots in DHA Lahore phase 6 if available at a lower price than the market. That will pay you off in a few months.
b. Good opportunity to buy commercial on Main MB in front of N and L Blocks of Phase 6 and P block of Phase 7 if the prices take a drop.
c. Do not buy in CCA 2 of Phase 6 as of now, lets wait a bit before making the big move.
DHA Phase 7
Same as December.
DHA Lahore Phase 7 has slowed down and the prices have taken a dip specially in lower portions of X, U , T and Y block which are not in possession. While R, S, upper portion of T, Q and P block remain in demand followed by upper portion of U block. This is generally because of the genuine demand and house construction trend in these areas.
5 Marla residential files of Phase 7 have taken a dip and now trading at 34 lacs and do offer a good investment opportunity. This may not be a short term investment though as it will only give you some reasonable returns in at least six months to one year.
Recommendation
Same as last month
a. Phase 7 is not really the best investment option but is most suitable if you have limited budget to construct a house.
b. Considering the over all bearish market of Phase 7 I will advise you not to invest in Phase 7 commercial files unless they reach figures of 210 to 215 Lacs. The downside risk is more so I will not risk an investment at the present prices and will wait it out.
c. Buying 5 Marla file between 34 to 36 Lacs is a good investment if you are looking for small investment opportunities.
DHA Phase 8
Remember that Phase 8 is destined to become the commercial and residential hub of DHA in years to come. The prices have came down to investment levels and we do recommend it for mid term and long term investments.
House construction has started off with pace and DHA is receiving plenty of site plans. This will be very positive for Phase 8 in 2018 if we see a soaring number of houses being constructed.
Broadway commercial has been has seen a down side of at least 20% in 2017. Now may be the right time to get back in the game and wait for a come back. When it comes to commercials i believe that Broadway is the best investment you can make today. The prices are rock bottom and we are issuing a buy signal because the construction of houses in 2018 and 2019 will positively effect the activity in Broadway commercial.
Ex Park view of Phase 8 is a great option for genuine buyers and the prices are still my favorite for a 2 Kanal plot. Reasonably good plot is available in almost 400 lacs and i believe it is the best area in entire DHA Lahore to buy a 2 Kanal plot in this price.
4 Marla commercial files of Ex Park View are the best investment in commercial if you have limited funds available. What happened to 9 town is happening to these files as well, they are below there assessed values and a strong signal to invest. There are also strong rumors in the market that the issues relating to the land may be resolved soon and that means a balloting may happen. No matter how it turns out to be i still insist on holding it through 2018 and 2019. In Feb we may see the prices rising by 1 Million or more.
Z Ivy green is undergoing speedy development, however there are no signs of the main road linking it from Burki road and this very factor is hurting ivy green. Prices will mostly remain stable, however we will see number of transactions rise in Feb.
Recommendation
a. We strongly recommend to buy residential plots on dips for investment or if you wish to make your own house. You can also look into 10 and 5 Marla plots in Y block in good location for a long term investment, however in comparison 9 Town 5 and 8 Marla is much better to invest.
b. Buy 4 Marla Shivpur or Malikpur files in Phase 8 Ex Park View anywhere between 240 to 260 Lacs.
c. We will now recommend you to buy 4 Marla commercial between 400 to 500 Lacs and 8 Marla between 750 to 950 Lacs in good areas of Broadway.
DHA Phase 9 Town
The prices have been stable after the increase of almost 20% last year. However i believe there will be renewed interest in 9 Town later this year. Prices in Feb will however remain stable in general.
It may be a good idea to invest in E Block commercials of 9 town at these prices. I do not see the prices going down any further so if you are a long term buyer this may be a good chance to find yourself a 4 Marla commercial in this area.
Recommendation
a. If you have some spare money it is best to invest in 9 Town residential plots for now as the prices are rising even faster than what i expected. We may not see a quick rise in prices now but Phase 9 Town will defiantly increase by 10 to 20 % every year as more houses are constructed.
DHA Phase 9 Prism
9 Prism is stabilizing now after it plummeted almost 10 to 20 % in 2017. On the plus side the ring road entrance from Phase 5 and Kamahan may well be a trend changer in days to come. Surprisingly it is only a 3 mins drive from Phase 5 now and things are looking bright for 9 prism. In my opinion it is a better long term investment than Phase 7 but may not be as good for short or mid term trading.
Commercial prices are high in 9 Prism and are totally inflated, even if they dont go down much they are not expected to rise as well so will be a dead investment for a few years. Again i believe that it is better to invest only for long term scenario. If you are interested in commercial investments you may also consider some other areas in DHA Lahore as under:
- Broadway Phase 8
- E block commercial of 9 Town
- MB Phase 6
- Commercial files of Park View Phase 8 , Rahber
- CCA 1 & 2 of Phase 6
Recommendation
a. Hold it for long term or sell during an upswing.
b. Buying is recommended at this time for long term investment.
DHA Phase 10
This baby never came down to 40 Lacs and all went back high again to 53 Lacs. Missed opportunity for a short term trade, however i believe there was too much risk for a long term stagnancy, so i am not going to repent and will wait for the next price slip.
Recommendation
a. It is better to wait now for prices to slip and make a short term trade, if it reached 45 Lacs.
DHA Phase 11 Rahber
Rumors come and die, we may see a major downside soon if this keeps happening.
If balloting happens we are very sure that the plot prices will go higher. We are expecting residential plot prices of 5 Marla plots to start from 35 Lacs till 40 lacs after balloting. 4 Marla Commercial plot price will be between 250 Lacs to 300 Lacs after balloting.
Recommendation
a. We recommend buying 4 Marla commercial at 190 Lacs for a Short term investment.
b. The residential file however is trading at 30 Lacs which is again not a very attractive price for investment but will certainly give you decent returns in short-term because of expected Balloting.
USE OUR DISCUSSION FORUM IF YOU HAVE A QUESTION AS WE CAN ANSWER IN DETAIL AND OTHER MEMBERS CAN ALSO POST THERE OPINION FOR A FRUITFUL DISCUSSION.
Captain (Retd) Shahnawaz Yaqub Bhatti
Investment Consultant and CEO at Imlaak
Mob : +92 333 1717170 ( Whatsapp)
AoA……dear,
i want to know about phase 8 park view 01 kanal allocation fife Moza shavopura
what,s price going on & sir what you think future opinion?
Dear Zaheer, they are a good investment and the price is approx between 115 lacs to 122 lacs.
It is a good investment for sure.