, , , , , , , , , , Posted by on

DHA Lahore Phase 7 Latest Market Updates | Popular Blocks And Plots Rate

Ever since Defence Housing Authority Lahore granted possession of plots in Phase VII last year, demand here has been inching up. In fact, Phase VII is among the few DHA phases where investors join genuine buyers to gain good returns on investment in the medium term. The fact remains that DHA Lahore Phase VII is the cheapest of all developed phases for the 1-kanal plot category. Here is all that you need to know about making some excellent investment decisions.


Market update


Due to comparatively low property rates, the last one year witnessed decent transaction volume for residential plots here. And since the number of investors and buyers weren’t the same, there hasn’t really been a major jump in rates. Instead, a nice and gradual appreciation was witness but that too for prime category plots. Overall, property rates have mostly been stable.


Since a big part of this phase is yet to greet residents, and buyers have a number of options available, the demand-supply rule kept the situation under control.


Investment prospects


Phase VII is nestled among Phase VI and Phase VIII and when compared with these two, there is a stark difference in rates. Keeping it into account, investors eyeing long to medium term gains are seen actively buying plots in this phase. In addition, real estate builders are also constructing housing units for the end users. In the meanwhile, the end users are also eyeing prime category plots for their personal use.


This may or may not jack up the rates in near future but it does tell that rates here fall well within the range of buyers looking for 1-kanal plots. And for a lot of these buyers, right now could be the best time to purchase a plot or two in DHA.


Popular blocks


Most popular blocks here are obviously those more populated and these essentially are located closer to the phase’s main entrance i.e. Block P, R, and T. Property rates in these blocks, especially Block R, is higher than the remaining. There might be cheaper options available within these blocks but that would only be for plots close to the boundary, graveyard or some in odd size.


Except for some lanes in Block Z-2, all development work has been completed. For the blocks located at the rear side, the appreciation in rates would be gradual and this will take medium to long term.


A look at rates


The rates mentioned below include the range of plots from cheapest to the most expensive, where lower rates are for plots having regular locations and higher for prime category plots.


Blocks

Plots

Price range in PKR

Block P

1-Kanal

12,000,000 – 18,000,000

Block Q

1-Kanal

11,500,000 – 15,000,000

Block R

1-Kanal

15,000,000 – 24,500,000

Block S

1-Kanal

12,000,000 – 16,500,000

Block T

5-Marla

6,500,000 – 7,000,000

10-Marla

7,000,000 – 8,500,000

1-Kanal

10,500,000 – 17,000,000

Block U

10-Marla

7,500,000 – 8,500,000

1-Kanal

11,000,000 – 16,000,000

2-Kanal

25,000,000 – 30,000,000

Block V

1-Kanal

9,500,000 – 1,6000,000

Block W

1-Kanal

14,500,000 – 17,500,000

Block X

10-Marla

7,500,000 – 8,500,000

1-Kanal

11,500,000 – 16,500,000

2-Kanal

26,000,000 – 32,000,000

Block Y

10-Marla

6,000,000 – 9,500,000

1-Kanal

9,500,000 – 17,000,000

2-Kanal

26,000,000 – 30,000,000

Block Z-1

1-Kanal

13,000,000 – 20,000,000

Block Z-2

1-Kanal

9,000,000 – 13,000,000