Phase 9 Mania ends?
Congratulations to all investors on the ballot. Finally your
files have turned into plots with numbers on them.
Here's how I rate the Sectors:
P, Q, D, A, C, N, M, F, G, B
Great day for those who got good located plots and got a hike on their investments. For the other ones, here are a few words not to scare them off but to help make future decisions.
Lets accept it, Phase 9 was Brutally over-rated on its
location, accessibility and prospective master plan. But it just failed on all.
Trust me i do not like what am gona write now but in my limited knowledge, this is how i interpret it.
- Accessibility: interrupted access from Lahore Ring Road & bedian road, no direct access to ferozpur road, not connected to phase 5.
- Master plan: Fragmented and ordinary; beleaguered by the villages, graveyards, factories, farmhouses and multiple small societies. Compact and very tightly packed, fewer and smaller parks compared to the number of plots.
- Location: dug deeper and far away from the population
- Average price pre-ballot: 1 kanal: 60 10 marla: 40 5 marla: 25 + development charges
I am struggling to find any distinctive aspects to justify the pre-ballot
prices... The realities might strike further in coming days.
Lets see the market behavior in next few weeks, good or bad, it will take its Real course NOW.