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MRA – March 2018 DHA Lahore Property Market Report
Disclaimer : MRA (Monthly Real Estate Analysis) – March 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 performed better in February and the selling pressure seems to be lifting off for now. However it is still not a short term market and demands at least a year or more for your investments to be fruitful. The present market is ideal for investment when we take profit risk index into account, watch the video below to understand what it is and how you can use it to find out the safest real estate transactions.
As suggested previously 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 remains our most valuable investment in this area for March as well. Considering the over all sluggish real estate market it is best to look around for more options and diversify. I am looking at 30 to 40 % profit in next year or so on your investment in this project and 20% even in the worst scenario. Which other real estate investment will give you these returns safely in an year?. Goldcrest apartments also nullify any disadvantages of investing in under developed societies in this time period as it is located in the most developed area of DHA Lahore and the only minor risk is the development of the building itself which in my opinion is a safe bet after the direct involvement of DHA Lahore to lead the project.
Watch the video below to understand profit and risk comparison of Goldcrest Mall.
M block is generally going down after the high and the underpass is now open for traffic. However i believe that this area has already seen its high and will continue to drop 10 to 15 % over next few months.
DHA Phase 6
DHA Lahore Phase 6 remains stable as usual and continues to grow slowly. Prices on main MB have been on a high as number of plots available for sale slowly diminish. I believe that commercial plots on MB facing main road are entering a bubble where people are expecting prices of 9.5 to 10 crores for a 4 Marla plot. In future it may go to 15 crores but right now i believe that this is the top zone as the genuine assessment of a plot should not be more than 875 to 900 Lacs.
10 Marla plots in D & L block of Phase 6 offer room for growth and are available at 145 to 155 Lacs.
Do not buy in Phase 6 E ext as of now as 9 town offers better investment potential.
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.
DHA Phase 7
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. If you are an investor and looking for some small but safe and sure growth Phase 7 may be a good option. Do remember that due to over all slow market do not expect more than 10% gains in an year and any thing above that is a bonus.
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.
a. Phase 7 is not really the best investment option but is most suitable if you have limited budget to construct a house. Now it is making some sense to invest in Phase 7 at lower prices, specially if you plan to hold it for a yearr or more.
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
It may take some more time but it is moving in the right direction as more and more houses keep popping up every month. It wont be too long before builders start looking at Phase 8 for house construction and we are waiting for that time to come.
It is also important to note that DHA is also taking keen interest in development and improvement of Phase 8 recently and things are destined to improve in future.
Broadway commercial is one of my favorite long term commercial investment and one of the best option you can find for 8 Marla commercial plots.
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 terms of 4 Marla commercial if you have limited funds available. In feb we saw the prices rise a bit as expected but not as much as we thought they will. I believe that in the next few months we will see prices improving a bit.
Z Ivy green is still slow but entrance from Z6 is under construction and is over all positive for Z ivy green. Also some development work has been done of the link road from Burki road. Z6 entrance will reduce the distance from Burki road by more than 1 kms.
Same as before
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
As expected there is a renewed interest in Phase 9 Town and the prices are increasing steadily. Be aware a lot of Biana are been done and therefore i suggest that you should be careful and do not invest if it is Biana.
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.
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
Prices of 9 Prism have gone down and in my opinion have entered the buy zone. However it may still take some time before they start going up.
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.
a. Hold it for long term or sell during an upswing.
b. Buying is recommended at this time for long term investment only.
DHA Phase 10
Trading again between 52 to 55 Lacs and not at all a buy zone for us. Predicting about Phase 10 may be hard at this time however it is a good but at 45 Lacs and below.
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
No signs of balloting so far, we dont think so that 5 Marla in 30 lacs is a good investment in Rahber specially considering we are not sure how long it will take for ballot.
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.
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Investment Consultant and CEO at Imlaak
Mob : +92 333 1717170 ( Whatsapp)