Lahore Real Estate Property Discussion Forum

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rizwan muhammed

Wednesday, November 26, 2014 06:29 AM

Hi,

If some one could explain logically , why DHA phase-7 (Lahore) is under value and what is its future in coming 4 to 5 yearas.

Thanks

Sunny replied on Wednesday, November 26, 2014 06:51 AM

There is a perception that Phase 7 is too far, which is not correct. Compared to Phase 9 and other new developments in southeren Lahore, Phase 7 is more closer to the old Centre of Lahore, e.g. from Mall Road, Fortress Stadium, Jail Road etc.

Other very good feature of Phase 7 is that it has beautiful BRB canal touching it.

I think, as soon as some construction starts in phase 7, people will realise its potential and its advantages.

Aslam replied on Wednesday, November 26, 2014 07:10 AM

Yes, Phase-7 I surely under valued. I think it will pick up the pace once DHA office shift to Phase-6 in next few months & Govt starts Knowledge Park Project which is located inside Phase-7.

Riz replied on Wednesday, November 26, 2014 08:34 AM

I think there is no difference in ph-6 and ph-7, it only divided by virtual line but as of now there is big difference in price So, it’s time to buy and govt. already have a plan to rebuilt the Barki and Baddian road same like ring road and once it’s done definitely its price will be equal or may be more than ph.6.
Apart from knowledge park project there is already reserved big land for Australian University beside Q & T block they have plan to start construction by end of 2015. I think it will be very good place for dream house in reasonable price. I do agree the comments from Mr. Sunny and Mr. Aslam.
Thanks.

Aslam replied on Wednesday, November 26, 2014 09:41 AM

Dear Riz
Which Australian University is planning to open Campus in Phase-7. Actually; I know about the developments of Knowledge Park but I haven't heard about this University before

Riz replied on Wednesday, November 26, 2014 10:34 AM

While ago I read in an article , let me gather all the info. In this regard then I will up-date you shortly.

wish replied on Wednesday, November 26, 2014 12:18 PM

phase 7 seems to be that it is in DHA.Mean part of DHA WHILE PHASE 9 IS LIKE DHA RAHBER OR SOME ISOLATED SOCIETY.This is big difference between phase 7 and Phase 9.Phase 7 is best .In near future it will be expensive block as for as its location is concerned

hope replied on Wednesday, November 26, 2014 12:38 PM

so invest in y and z blocks

Khan replied on Wednesday, November 26, 2014 12:58 PM

Agreed,

Ajnabi replied on Wednesday, November 26, 2014 01:17 PM

@Hope, Y & Z block of which phase and why?

Nadeem replied on Wednesday, November 26, 2014 01:32 PM

If you see the latest map of phase 7 , there is plan for Eng. University and 130-acres of land is already reserved nearby Q and T block on the lips of barki road. it is Australian University or pakistani that I don't know but there will be a university. In the map there will be a big Them Park all the way between BRB canal and Y,X,U,T & Q blocks and across BRB its lash green view. just wait for some time and it's going to be a excellent place.

RA replied on Wednesday, November 26, 2014 01:49 PM

Can any Guru explain why an average location non-possession plot in phase 9 town is more expensive than top location plot in phase 7 with possession?

Ramzan replied on Thursday, November 27, 2014 05:04 AM

My friend,
There is no comparison between p-7 and p-9 town, 9-town has only 5 maral plots and the plot price as of now is 3.5 to 4.1 million max. which is I think not much realistic, it’s just a price hike + demand and supply law and less budget people feel more safe to play in 5-marla area.
P-7 has 10M, 1K and 2K plots and you can’t match the prices with 9-town. please re-study the market. I do agree P-7 is much under prices compare to P-6 and I feel it’s just a matter of time, it will pick up once investor start moving there.

ABC replied on Thursday, November 27, 2014 09:41 AM

People will say what suits them. Anyone with common sense will tell you that phase 7 has a huge potential and prices are beginning to move a little already. It does not make sense to compare phase 7 and phase 9. They are meant for different times. Phase 7 is an ideal investment and house construction for next 5 years. Phase 9 is more long term (ranging from 10 to 15 years).

Realist replied on Thursday, November 27, 2014 09:44 AM

There were times when phase 5 and phase 4 were divided by a line and phase 5 was too underpriced because it was "far". Today, we all know what phase 5 prices are. I have no investment in phase 7 but I think this phase is the next big thing once phase 6 fills up which wont be too long!

Doctor replied on Thursday, November 27, 2014 09:49 AM

First time I see some positive discussion about Phase-7 at this website. Normally, its treated like as its not DHA phase & located some where in India.

buy123 replied on Thursday, November 27, 2014 10:14 AM

anyways phase 7 is still closest to india

ABC replied on Thursday, November 27, 2014 10:33 AM

@Buy123 - frankly by those standards, phase 5,6,8 and 9 are not too far from India either ;)

ABC replied on Thursday, November 27, 2014 10:36 AM

@Doctor - There were many negative reviews about Air Avenue and Park View until a year ago and look at their prices now. People just like to make stories. It is clear that phase 7 is the next in limelight after phase 6 especially after DHA office moves to phase 6.

ahmed replied on Thursday, November 27, 2014 11:43 AM

THE MOST BONGA PHASE PHASE 7..

elevndigit replied on Thursday, November 27, 2014 01:59 PM

ahmed sb.. hosla rakhain. Royain matt!

SIM replied on Thursday, November 27, 2014 02:42 PM

Good to see Ph 7 supporters around, with logical arguments. My only concern is that some blocks are stone,s throw away from Indian border.

SIM replied on Thursday, November 27, 2014 02:48 PM

Good to see ph 7 supporters with logical argument. My only concern is that some of the blocks are a stone's throw away from Indian border.

MJM Dammam replied on Thursday, November 27, 2014 02:53 PM

@Ahmed - this website is not for non-serious people like you. If you have nothing to comment, please keep quite or give supportive arguments what you are saying above. FYI, originally there was no phase 7 - it was an extension of phase 6. To substantiate my claim you can see that where block number for phase 6 ends, there starts block number for phase 7. Moreover, a University and a Theme park is in the pipeline. Just wait for few more years!!! At the moment, attention of all investors and property dealers is focused on phase 9 for their own interests.

Query replied on Thursday, November 27, 2014 03:41 PM

Dear all - Where abouts is this Theme park in Phase 7? Has this been announced? where can I know more about this?

ahmed replied on Friday, November 28, 2014 05:01 AM

i got better results by trading in phase 9 than my pair in u block phase 7. thats why its bonga.

ahmed replied on Friday, November 28, 2014 05:05 AM

and by the way i know phase 7 from 2007 when a file allotted to me officially. DHA is for us from army so we knw much better of phase7....still a bonga phase...

ahmed replied on Friday, November 28, 2014 05:07 AM

plus if somebody has studied finanacial management he would know what is the value of money as compared to future years....
so dream on for tomorrow and live worst in today....

Unbias replied on Friday, November 28, 2014 09:24 AM

@ahmed - With due respect and no offence, you need classes of financial management (and English). DHA phase 7 was 35 lacs a kanal (good plot) in 2007 and it is now around 120. DHA phase 9 file 10 years ago was 45 lacs and it is still around the same price. I wonder what kind of useless information are you trying to spread.

ahmed replied on Friday, November 28, 2014 10:03 AM

Mr unbias....120 today and where it would be after 4 years....240? is that what you are trying to say!. nobody is sponsoring phase 9 here...

kamran. replied on Friday, November 28, 2014 10:05 AM

i hope DHA clears the litigation in phase 7 soon.

unbias replied on Friday, November 28, 2014 10:24 AM

@ahmed sb - If phase 6 is expected to cross phase 5 in three years (I am not the only one saying this - ask anyone including LRE), an average plot of phase 6 would be around 230/240 which is currently around 180 to 200. Common sense says that if on the left side of the golf course (phase 6), a plot is around 180, on the left side (phase 7), the prices will soon catch up once construction begins, phase 6 fills up and DHA office moves to phase 6. If in three to five years, phase 6 1 kanal plot is around 240, then for sure phase 7 good plot will be close to 180 with plots next to golf course in W block around 200.

@Kamran - There are litigations all over DHA (Air Avenue, Park View, Phase 3 and 4, phase 6 and LOTS in phase 9 which is why no balloting).

kamran replied on Friday, November 28, 2014 03:06 PM

there is no ltigation in phase 9...its the acquisition issue

Aslam replied on Saturday, November 29, 2014 03:56 AM

Litigation always starts during acquisition.

ahmed replied on Sunday, November 30, 2014 06:12 AM

yes its for good plots in ph 6 the price is around 150... however leveling phase 7 and 6 , i guess is not fair .... time shall prove.
i hope and wish that u get your favourite price...
there is no litigition in phase 9...DHA is short of land as askari 11 has been given land where you see flats being constructed today. its courtesy the land owners that acquisition is not finalized ...

ahmed replied on Sunday, November 30, 2014 06:13 AM

what a wishful thinking...thats why i said dream on..
Mr Kamran.....litigation is stopping DHA for giving possession....plus the 10 marla plots of phase 7 are on BRB...good for future residents atleast they can a bath in load shedding .:)

ali replied on Sunday, June 14, 2015 10:30 PM

Hdhd

xyz replied on Tuesday, February 23, 2016 01:14 PM

All boulshit from Ahmid

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Why DHA Phase-7 is under value,