Winter has set in a bit late this year and a light fog has descended upon Lahore. Other aspects of the city also appear to be dreary, it seems. No gas, no electricity, and no security are dilemmas that plague the nation, but no hike in property prices? Yes, that is a problem that investors of DHA 9 Town are facing as they fervently wait to see the slightest movement in rates. However, according to sources, that just may be about to change.
Located on Bedian Road, DHA 9 Town has four blocks – A, B, C, and D – and while possession has generally been granted in all of them, small pockets of land within certain blocks are still awaiting possession. Featuring plots of 5, 8 and 10 marlas, the housing society offers smaller and more economical plots than the regular DHA phases, which makes these plots affordable for a larger market of investors.
Investment in any of the phases of DHA requires a hefty amount. Yet, DHA 9 Town is comparatively less expensive than the regular phases of DHA. The only problem is that investors have not seen lucrative, if any, returns for quite some time.
Prices have remained stagnant and investors have cringed and possibly shed a few tears. Now, it seems like the real estate sector is just about to hand them a box of tissues and tell them to cry no more.
According to sources, the average price of 5-marla plots in the society ranges from PKR 4,200,000 to PKR 6,000,000, for 8-marla plots it is PKR 6,000,000 to PKR 7,500,000, and for 10-marla plots it falls between PKR 10,000,000 to PKR11,000,000. Most investors are interested in 5-marla plots because they are more affordable and in demand, making it easier to sell them.
Sources tell us that DHA 9 Town prices are about to pick up within a month or so. The reason for this is that the real estate market has just awakened after a minor lull and investors seem to be back in the game. Moreover, investment is propelled by development and as houses begin to emerge in far-off corners of DHA 9 Town, investors now seem happier with the society. This will likely increase interest, encourage investment, and cause prices to inch upwards.
While prices will literally not graze the clouds in a short span of time, there may be small but not insignificant increases for some time.
So what should you do if you have made an investment in DHA 9 Town? Well, ideally investors should hold their horses until mid-March to see how the society fares before selling their plots. If you want to invest in a plot in DHA 9 Town, then make the investment now to reap some returns in the future.
So what are your views regarding investment in DHA 9 Town? Let me know in the comments below.