Dear CMY sahib,
I am your fan and read your posts regularly. I hold a 1 kanal plot in DHA Lahore, Phase 7, R block (near R-342). A reputed dealer Ex-Colonel told me that phase 7 is step child of DHA and it has reached its peak and its best to get out of phase 7 immediately and to invest in phase 9 after map comes out after balloting.
What do you think? Should I hold Phase 7 plot for at least 1 to 2 years or sell it now and get into phase 9 after balloting.
Will really appreciate your advice.
Thanks in advance
CMY replied on Friday, May 15, 2015 03:35 AM
A dealer will only tell you to sell even if he is ex col :)
It is true 10000s of new plot will compete with DHA7 but most effects will be on DHA6 abd DHA8 plots. DHA 7 can still gain after full possession and price is not that high compared to Prism 9. Prism 9 is better located but DHA 7 have advantage of development and on ground plots. DHA6 or DHA8 should be a very fast sale before they loose prices but still ok to hold DHA7.
Choudry Mujahid Yasin ( CMY ) |
Jameel replied on Friday, May 15, 2015 03:41 AM
DHA 7 is only area where people will and can make homes in coming 5,6 years till phase 8 is ready. So after population, you will have to sell 2 plots of phase 9 to get one good plot here.
There are two ways property gains one by speculation when it oscillates you gain and you lose. And second by traditional way like development and housing etc today phase 5 and 6 price is not due to speculation. DHA 7 is also out of speculation phase now. Phase 9 still have to see many ups and down. |
info replied on Friday, May 15, 2015 03:43 AM
Its your money, visit the area and have your own opinion rather than relying on one dealer. |
dubai replied on Friday, May 15, 2015 04:54 AM
brother dont listen to dealers. they only care for their commissions. I had 7 plots in Phase 9 town. a dealer misguided me when they reached 35 lac each that they will loose value and better to sell these in haste. I m in Dubai away from ground realities and gave him go ahead. he sold all. and said to keep money as DHA property is going down. now those phase 9 town plots are selling around 50 lacs each and he gave me a loss of 1 crore for only his 2 lacs commission.thanks to CMY and this website that people are getting guidance about real estate and certainly those who visit this website regularly wont play in the hands of ex Colonels or any other DIHARI BAAZ dealers |
