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IVY GREEN DHA Lahore Sector Z _ Development Update – Market Demand – Investment prospects – A look at Prices

It is located on Barki Road opposite main Phase VIII. Ivy Green can be accessed via Lahore Ring Road (LRR) from Abdullah Gul Interchange and also from Shabir Shareef Road, which originates from Bedian Road near LRR’s Nawaz Sharif Interchange and leads all the way to Barki Road. But the best part about this secluded block of Defence Housing Authority (DHA) Phase VIII is that rates here are much lower than all other DHA phases in Lahore.


If you wish to benefit from this difference in rates for tempting medium terms gains, read this article till the end.


Development update


The pace of ongoing development work in Ivy Green is slow yet steady. That’s perhaps because most of development work has been completed, with the carpeting of main road and streets yet to start off. In the meanwhile, construction of overhead water tanks is underway.


Our sources have confirmed that DHA has completed work on laying sewerage lines and infrastructure for water, gas and electricity. Furthermore, a 100-feet wide road access road is in shape allowing straight access to Block Z-1 on the left side of the road and Block Z-6 further down the road on the right side.


According to agents, land along the right side of the main access road before Block Z-1 may or may not become part of Ivy Green. But if it does, DHA might have some commercial plans in place for it.


Market demand


Despite the fact that property rates in Ivy Green are lower by a huge margin when compared with DHA Phase VIII proper, with huge prospects of the difference reducing by the first half of 2019, market demand is low. In fact, property transaction volume has remained dull throughout the country in the last couple of years, where the active buyers have mostly been the end users.


It is believed that investors with short term gains in sight will move ahead with property investment as an when they get some insight into DHA announcing possession for plots in Ivy Green. Based on the status of development work, it is only logical to believe that buying now means buying at rates much lower than what the market might offer in the next couple of months.


Investment prospects


Due to a number of reasons, property flipping for revenue generation is no longer possible, especially if you are eyeing plots in prime residential developments. In other words, investment duration in real estate sector has lately increased to medium term, where selling immovable assets is recommended in at least three years of purchase.


With property possession expected soon, a nice jump in rates is expected within next six months. Sources believe that the rates will go up by at least 20% as soon as the news is out in the market. And to have an exact idea on optimum market value of plots for sale in Ivy Green.


A look at prices


Here is the current market rate of residential plots available for sale in DHA Phase VIII Ivy Green Block. You are advised to check the rates shared in our article published on Phase VIII one week ago (link shared above).


Blocks

Plot size

Price range in PKR

Z-1

5-marla

3,500,000 – 4,500,000

10-marla

5,500,000 – 6,500,000

1-kanal

9,000,000 – 16,000,000

Z-2

5-marla

3,200,000 – 4,000,000

10-marla

5,000,000 – 6,000,000

1-kanal

9,000,000 – 16,000,000

Z-3

5-marla

2,800,000 – 38,00,000

10-marla

5,500,000 – 6,000,000

1-kanal

9,000,000 – 13,500,000

Z-4

5-marla

3,500,000 – 4,000,000

10-marla

5,500,000 – 6,000,000

1-kanal

9,000,000 – 13,500,000

Z-5

5-marla

3,500,000 – 4,500,000

10-marla

5,500,000 – 6,500,000

1-kanal

9,000,000 – 13,500,000

Z-6

5-marla

4,500,000 – 5,000,000

10-marla

5,500,000 – 6,500,000

1-kanal

9,000,000 – 14,000,000