Dear sir
Any idea when will it fall :-)
As many people advised genuine buyers like me not to invest
In 9 as prices will fall to 50 but contrary to it
It has hit to 90
Any hope of falling ot its time to buy ???
Ahmet replied on Thursday, July 23, 2015 10:35 AM
Those who are wishing for it to fall are either smart but evil investors who want to buy it at a discount to make money at the rebound. Or are investors in other phases (chiefly the main competition Phase 7 and Phase 8 Z block).
Once development begins, all good plots in Prism will gain 15%-30%.
The best time to buy Prism was 2 months ago. The next best time is today. |
M.Zahid replied on Thursday, July 23, 2015 11:54 AM
Ahmet
I agree with your conclusion but with a slight difference. Everyone who was concluding a price dip was not evil or investor elsewhere but some were looking at prism through past phases but not considering new factors in the equation. |
Visitor replied on Friday, July 24, 2015 02:20 AM
Dear Azhar,
i believe you have been misguided by the people, normally trend goes for falling in price where there is news about balloting and on the estimated date ballot not done. About Prism many ups and down already happened. so i guess prices will gradually increase. Rest Allah knows better. |
M.Zahid replied on Friday, July 24, 2015 02:21 AM
Azhar,
Some people viewed prism through the past phases and made prediction of price fall on the announcement development charges but CMY advised otherwise to get on the bandwagon quickly. Still people are advocating that with the announcement of development charges price will come down but i think this wont happen as the development work started, price will go up instead of down. Good locations will gain 10 to 15% with development works start. Price will only be down in case of major slump or crash. Approximately over a million more to pay since last two months. After development work starting jump then it will have steady rise till possession. |
Pakistan replied on Friday, July 24, 2015 02:32 AM
Ahmet! your below sentence always puts a smile on my face....you smart investor
The next best time is today. |
Ahsan Ali replied on Friday, July 24, 2015 08:34 AM
Investors always seek opportunities to invest at a right time. The price has appreciated recently in prism and the trend cannot be consistent for a very long time. As per my analysis , there are three categories of investors in prism:
1) One who bough files and got allocation
2) Those who bought after ballot
3) Those who are anticipating a price decrease and than they will buy.
in the current situation the investors in category 1 and 2 already hold and category three will wait because it is a nerve game and time breaks nerves of many investors when many other opportunities are also available to earn good profits in underpriced developed schemes.
The development charges will add 20 lacs more in the current price which ultimately inflate the price 20-30%. In my opinion that will be the key variable and pendulum can move in either direction 50 -50 % chances. |
Nazir replied on Saturday, July 25, 2015 07:04 AM
@Ahsan Ali
Well said |
syed shoaib abbas replied on Sunday, July 26, 2015 08:23 PM
they are going to announce apartments and plots on installment in about six months from now may be sooner in next ballot , even prices decrease 10 percent after dc announcement temporarily they will climb 15% at next ballot and 30% percent as soon groundbreaking of development is done
also the profit it can give in years will be many folds high than dc and its fine after that years
so dc is not a pblm to consider . do not fear |
