DHA 9 Prism Market Overview April 2024: A Comprehensive Guide

DHA 9 Prism Market Overview for April 2024: A Comprehensive Guide

In this video, Salman Masood, a real estate expert from LRE, provides a comprehensive overview of the DHA 9 Prism market in April 2024. He discusses the current market trends, price ranges, and potential investment opportunities for different property types. Buyers have primarily focused on residential plots in the 5, 10 Marla, and 1 kanal categories as well as 4 Marla commercial files.

5 Marla Plots

• Prices have remained relatively stable, ranging from PKR 52-53 lakhs to approximately PKR 1 crore.
• The R Block has witnessed the highest demand and also K Block better to invest in these two blocks for 5 marla which will have an excellent gain. Trading is happening mostly in R or K blocks. It’s advisable to consider either R or K blocks for investment as prices are expected to rise soon.

10 Marla Plots

• Strong market performance, with limited supply and consistent buyer interest.
• F Block has seen significant appreciation, particularly in upper portions.
• There’s been a strong buying trend in the F block for 10 marla plots. However, due to its off-ground location, the C block is not getting much attention.
• Overall, 10 Marla plots have remained stable, with some plots selling for 5 lakh rupees the previous rates due to limited supply.

1 Kanal Plots

• 1 Kanal plots High demand in F, G, and H Blocks, with buyers seeking properties in the range of PKR 2.00 to 2.75 crores.
• C, D, and E Sectors remain stable, Average and compromised location of plots with Prices of 175 lacs available but good location of plots with a range of PKR 2.25-2.5 crores.
• Sector A remains stable, with prices for 10 Marla plots ranging from 2.5 crore to 3 crore.
• Sector M witnessed active sales of good-quality plots due to end users. Now investors prefer a good location plot so then they will get a good gain.

Upcoming 7E Sector Impact on Prism Prices:

Looking ahead, the status of 7E is expected to be announced soon, possibly by April 15. The next month is crucial as the budget will be announced, which will heavily impact the real estate sector. There are talks of increased taxation in most areas to boost the economy. Therefore, it’s important to consider the implications of these factors before making any investment decisions.

Budget and Interest Rate Considerations:

The upcoming budget announcement and potential changes in interest rates could influence the real estate market. While some anticipate an increase in taxes, others believe that interest rates may start to decline in the latter part of the year 2024. These factors should be considered when making investment decisions.

Long-Term Investment Perspective:

When investing in real estate, it is crucial to focus on long-term potential rather than short-term fluctuations. Real estate has historically proven to be a stable and resilient asset class, offering consistent returns over time.

Commercial Market

• Low activity in commercial plot sales, with limited on-ground inventory.
• Files for commercial plots have shown a slight increase, with prices ranging from PKR 2.15-2.25 crores Affidavit File Rate.
• Ready-to-transfer Allocation File prices, around PKR 2.15 crores.

Conclusion:

In conclusion, the real estate market in DHA Phase 9 Prism is showing signs of stability and growth potential. It’s crucial to stay informed about market trends and upcoming developments to make informed investment decisions. Eid Mubarak in advance, and if you liked the video, don’t forget to like and subscribe to our channel. See you in the next video. Allah Hafiz.”

READ MORE: https://lahorerealestate.com/dha-lahore/phase-9-prism/