Lahore Rea lEstate ,

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I guess the property prices in Phase 9 will be under immense pressure after the ballot and I see a 20% reduction/correction in prices because it is simple economics. After the ballot many investors will not like to pay the installments of development charges and would like to sell their plots. As the number of such sellers will increase the price will automatically come down.
Another big factor in the 20% correction of price is Phase 7. An average on ground plot is available at 85 lakhs (ready for possession) and 10 marlas at around 55 lakhs. So there is no point buying a one kanal plot on Phase 9 at 85.
I predict the prices of average plots after 3 months of Phase 9 ballot are:
1 Kanals 70-73 (including development charges)
10 Marla 38-42 (including development charges)
5 Marla 25-26 (including development charges)