THE PRICES OF RES/COMM PLOTS IN PHASE 8 , CONSOLIDATING IN DHA KARACHI PAKISTAN. BEACH STREET C ZONE , BUSINESS ZONE , ZULFIQAR ALMURTAZA COMMERCIAL , PENINSULA COMMERCIAL ALMOST EVERY AREA OF PHASE 8 HAS ONCE AGAIN STARTED TO INCREASE ONCE AGAIN. ONLY THOSE INVESTORS ARE BUYING WHO HAVE A VERY STRONG COURAGE TO BUY AND SELL AT THESE PREVAILING HIGH RATES. ACCORDING TO THEIR POINT OF VIEW MARKET WILL CONTINUE ITS UPWARD DIRECTION THROUGHOUT THIS YEAR , NO MATTER WHAT KIND OF POLICY THE GOVERNMENT ENFORCE. THE DHA PLOT MARKET IS IN ITS FULL UPWARD MOMENTUM. MOST OF THE INVESTORS HAVE PUT ON HOLD THEIR PLOT, THUS MAKING THE REST OF THE TRAD ABLE PLOTS LESS. NEW INVESTORS ARE SHOPPING PLOTS ON CURRENT MARKET RATES. Overseas Pakistanis especially those living in Arabian and North African muslim countries, where civil unrest is taking place against there governments, buy a plot or property RESIDENTIAL OR COMMERCIAL in DHA, KARACHI, PAKISTAN as a precautionary safe investment. There will be some fluctuations in prices which will be created by speculators in the market but in the long run prices will keep stable trend. No matter what the law and order or political situation remains. All the Prevailing Polarized Political Parties are helping each other in one way or the other, consolidating their positions for next coming election, people of Pakistan are watching these groups very interestingly. Though election 2013 fever has already started, they business community for time being seems happy as new hopes emerges. OVERVIEW Development Work in Beach streets plots is COMPLETED waiting for authorities to announce permission for construction.(might be waiting for gas and electric supply). Development in SAHIL phase 8 ext is completed. The year 2013 WILL remained growth driven year for DHA KARACHI PAKISTAN. The prices in all areas of phase 6 and 8 are still rising continuously, market and investors are buying at market price. It appears that now investors have gained confidence, after Pakistan’s foreign exchange reserves is over 11 billion USD, inflow of foreign remittances is steady, Karachi stock market 100 index is between 21000-21,500 point mark. The official collector rates of plots in phase 8 is very low as compared to phase 5 and 6, this also adds up to high trading activity in phase 8. ( There is huge gap between market value and official collector rate of plots in DHA as is all properties in PAKISTAN) The prices of property in DHA Karachi currently is trading at highest levels ever especially in phase 8. There is still potential in commercial plot prices, due to development work going on at high speed and the permission for construction in certain areas of phase 8 is already announced. What ever kind of government in Islamabad . It has to rehabilitate Pakistan for its survival, for that purpose strong marketing is to be initiated, free of corruption and stress on self sufficiency. The positive change is being expected in administration of after the level of devastation caused by recent corruption, the people of Pakistan are trying to face this challenge themselves. The Pakistani investors now have the full confidence in DHA Karachi Pakistan property market. The growth rate in the neighboring countries like China and India is above 7%, Pakistan is trying to make improvement in that area against all odds. Investors in Pakistan feel that all this drama of government & opposition is progressing according to the script. The near future outlook appears very positive, there are ups and downs in prices temporarily but in long term, the DHA property market will remain very positive. In my opinion all other sectors of business and economy have shown increase in monetary terms due to various reasons, one of them is devaluation of our Pak Rupee. That has not yet reflected in DHA Karachi Property Market, which is already in progress. Intelligent investors are already buying at these attractive levels. The black economy has also started has also started to pour its funds in DHA property market. Just take the example of average 500 yds residential plot in D-CUTTING phase 8, back in January 2009 the price rupees 70 lacs now the price is rupees 2.0-2.25 CROR It is correct to conclude that Dha property market has entered into growth stage. The year 2013 OUTLOOK very good. Overseas Pakistanis are advised to buy at least a piece of plot or property in DHA , KARACHI, PAKISTAN. It is a candid advice. Take a sample of market prices of plots in different , the market prices of 500 sq yd residential plot in D cutting, phase 8 reached around 2.25 CROR lacs, sahil 300 yd plot is at rupees 1.50 -1.25 CROR, sahil 500 yd around 1.75-135 cror. Defence streets phase 8, 1.35 cror . 2000 yds category residential plots in 3rd belt of phase 8, below 30th street are around 6.60 crores and prices above 20 street is upto to 9.0 crores.(approx) The sale of bungalows have also shown steep rise, all the quality houses are sold out, few are left now, builders have started to buy new residential plots for new construction. The 500 sq yd brand new house is now priced around 5.50 -4.75 cror, 1000 sq yds is priced around 8-10 cror and 2000 sq yd is price around 18-20crors for top quality and top location houses. Although there are lower priced houses according to their location and quality. If you are interested in buying creek vista apartment there. The price of four bedroom apartment is around 3.25 crors now. The market prices in the commercial areas of phase 8, Almurtaza commercial / Zulfiqar commercial 100sq yds Rupees 2.25 crors and peninsula commercial area 100 SQYDS is at 1.20 cror, tipu at 1.15, iqbal at cror are also at attractive levels . The prices and trading in residential area specially between khayabane shaujat and zulfiqar street no.1 in phase 8, are picking up significantly. The phases which are developed from phase 1 to phase 7, residential plots sale have started to pick up. Builders have started to buy the commercial plots now because afterwards it is difficult to make the feasibility of the project.
Posted on: Sat, 08 Jun 2013 07:52:37 +0000
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