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  2. DHA Lahore Phase 9 Prism News
  3. Impact of Budget on DHA Lahore Phase 9 Prism Prices

Impact of Budget on DHA Lahore Phase 9 Prism Prices

Impact of Budget on DHA Lahore Phase 9 Prism Prices

Impact of Budget on DHA Lahore Phase 9 Prism Prices

Assalamualaikum, Lahore Real Estate Community! I’m Salman Masood from Lahore Real Estate, here to discuss the impact of the recent budget on DHA Lahore Phase 9 Prism. For more information, contact me at +92 322 4009967.

Budget Overview

On the 12th of this month, the budget was announced. We’re analyzing its effects on the real estate market, specifically in Phase 9 Prism. Our previous videos provided general updates on the pros and cons of the budget for real estate.

Phase 9 Prism Valuations

  • FBR Value: Around PKR 50 million.
  • Market Value:
    • 1 Kanal Plots in A and R Blocks: Around PKR 15 million.
    • Other Blocks: Approximately PKR 12.5 million.

Despite the stagnant market, there’s potential for slight increases in FBR valuations, though significant hikes are unlikely.

Impact on Property Values

FBR Valuation: The FBR value of properties in DHA Phase 9 Prism is currently below market value, resulting in no significant impact on buyer and seller costs. However, a slight increase in FBR valuation may occur, leading to a marginal rise in acquisition costs for buyers.

Taxation Changes

Capital Gains Tax:

  • A new tax of 15% has been introduced on short-term and long-term capital gains, except for transfers between family members.
  • This tax will not affect DHA Phase 9 Prism significantly as most holdings are long-term (over 30 months) and thus exempt from this tax.

Other Fees:

  • No changes have been made to transfer fees, membership fees, or stamp duty in DHA Phase 9 Prism.

Blockwise Rates of Plot Prices As of 24th June 2024

DHA Lahore Phase 9 (DHA9P) plot prices based on blockwise rates:

Block Plot Size Minimum Price (PKR) Maximum Price (PKR)
Sec-A 1 Kanal 218 255
Sec-B 1 Kanal 160 205
Sec-C 10 Marla 120 135
Sec-C 1 Kanal 155 245
Sec-D 1 Kanal 170 265
Sec-D 2 Kanal 665 850
Sec-E 1 Kanal 140 240
Sec-F 10 Marla 128 150
Sec-F 1 Kanal 210 270
Sec-G 1 Kanal 215 250
Sec-H 1 Kanal 160 245
Sec-J 5 Marla 50 67
Sec-J 10 Marla 117 130
Sec-K 5 Marla 65 87
Sec-K 10 Marla 120 160
Sec-K 1 Kanal 180 210
Sec-L 10 Marla 103 140
Sec-L 1 Kanal 150 225
Sec-M 1 Kanal 165 220
Sec-N 1 Kanal 155 235
Sec-P 5 Marla 55 64
Sec-P 10 Marla 125 135
Sec-P 1 Kanal 150 245
Sec-Q 5 Marla 95 100
Sec-Q 10 Marla 170 175
Sec-Q 1 Kanal 210 255
Sec-R 5 Marla 65 93
Sec-R 10 Marla 130 175
Sec-R 1 Kanal 185 210

This table summarizes the minimum and maximum plot prices.

Investment Recommendations

  • Long-Term Holders: Those who bought before June 30, 2024, will not be impacted by the new capital gains tax.
  • New Buyers: Holding for 2-3 years is advisable for better returns.

Market Trends

  • Interest Rates: Expected to decrease below 12%, potentially boosting market recovery.
  • Transfer Activity: Currently low, averaging 20-22 transfers, but could surge to 100-200 with positive market shifts.

Conclusion

Phase 9 Prism remains a stable investment with no significant price drops expected. While short-term gains are challenging, long-term holders can expect good returns. For more information or to buy/sell plots, contact me at +92 322 4009967.

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

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DHA Lahore Phase 9 Prism Progress (First Half 2024)

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DHA Lahore Phase 9 Prism Progress: Possession Status, Price Updates, and Transaction Analysis This article provides a comprehensive overview of DHA Lahore Phase 9 Prism performance for the first half of 2024. It covers possession status, price updates, and transaction trends for each block within the society. DHA Lahore Phase 9 Prism, one of Lahore's premier residential societies, has showcased remarkable progress and development in the first half of 2024. As a potential buyer or investor, it is crucial to stay updated on the possession status, price updates, and transaction trends within this dynamic community. In this article, we will delve into the latest information regarding possession, prices, and transactions in DHA Lahore Phase 9 Prism, providing you with valuable insights to make informed decisions. Possession Status Understanding the possession status of different blocks within DHA Lahore Phase 9 Prism is vital for anyone looking to purchase property. Let's take a closer look at the possession status of each sector: Sector F Good news for those eyeing plots in Sector F! Possession has been granted for most of the plots in this block. This means that buyers can immediately start construction and enjoy the benefits of owning property in this thriving sector. Sector G Sector G is another block where possession has been granted. This allows plot owners to commence construction and turn their investment into a reality. Sector H In Sector H, possession has been granted for plots up to number 90. This progress indicates that development is well underway, and plot owners can begin constructing their dream homes. Sector E Sector E has witnessed partial possession, with more expected to be granted soon. This indicates that development is progressing steadily in this area, and plot owners can anticipate possession shortly. Other Blocks For the remaining blocks in DHA Lahore Phase 9 Prism, possession status varies. Some areas are still awaiting development, while others have made significant progress and are close to receiving possession. It is important to stay updated on the specific blocks you are interested in to make informed decisions regarding property purchases. Price Updates 2024 Knowing the price ranges for different blocks and plot sizes is essential for potential buyers and investors. Here are the latest price updates for 1 Kanal and 10 Marla plots in various sectors of DHA Lahore Phase 9 Prism: Sector A: 1 Kanal: Range from PKR 260-265 million. 10 Marla: Range from PKR 155-160 million. Sector B: 1 Kanal: Range from PKR 240-245 million. 10 Marla: Range from PKR 120-135 million. Sector C: 1 Kanal: Range from PKR 230-250 million. 10 Marla: Range from PKR 130-150 million. Sector D: 2 Kanal: Limited availability, with prices starting from PKR 275 million. 1 Kanal: Range from PKR 215-250 million. Sector E: 1 Kanal: Range from PKR 210-220 million. 10 Marla: Range from PKR 150-160 million. Sector F: 1 Kanal: Range from PKR 260-270 million. 10 Marla: Range from PKR 155-165 million. Sector G: 1 Kanal: Range from PKR 240-250 million. 10 Marla: Range from PKR 120-135 million. Sector H: 1 Kanal: Range from PKR 240-250 million. 10 Marla: Range from PKR 160-170 million. Sector J: 1 Kanal: Range from PKR 280-290 million. 10 Marla: Range from PKR 160-170 million. Sector K: 1 Kanal: Range from PKR 215-220 million. 10 Marla: Range from PKR 110-120 million. Sector L: 1 Kanal: Range from PKR 170-180 million. 10 Marla: Range from PKR 100-110 million. Sector M: 1 Kanal: Range from PKR 215-220 million. 10 Marla: Range from PKR 110-120 million. Sector N: 1 Kanal: Range from PKR 140-150 million. 10 Marla: Range from PKR 90-100 million. Sector P: 1 Kanal: Range from PKR 220-230 million. 10 Marla: Range from PKR 110-120 million. Sector Q: 1 Kanal: Range from PKR 150-160 million. 10 Marla: Range from PKR 85-90 million. Transaction Analysis Analyzing the transaction trends in DHA Lahore Phase 9 Prism provides valuable insights into the market dynamics. Here's what you need to know: Strong Demand: Blocks such as F, G, H, and J have witnessed high demand and increased transaction activity. Buyers are eager to secure their plots in these sought-after areas. Variable Activity: Other blocks, including A, B, C, and D, have experienced varying levels of transaction activity. The location and availabilityof plots greatly influence the buying and selling trends. Investment Opportunities: Sectors E, K, L, M, N, P, and Q offer potential investment opportunities. These sectors have seen steady growth and present a chance for investors to capitalize on their investments in the future. Future Prospects: With ongoing development and possession handovers, sectors that are currently less active may witness increased transaction activity in the coming months. Keeping an eye on these sectors can be beneficial for those looking for long-term investment options. Conclusion DHA Lahore Phase 9 Prism continues to flourish, with possession being granted in various sectors and price updates reflecting market dynamics. As a potential buyer or investor, staying updated with the possession status, price trends, and transaction analysis can help you make informed decisions. Whether you're looking for a dream home or seeking investment opportunities, DHA Lahore Phase 9 Prism offers a promising future. Frequently Asked Questions Q1: Can you provide more information on the possession status in Sector E? A: In Sector E, partial possession has been granted for some plots, and more are expected to be handed over in the near future. The development and possession process is ongoing, so keep an eye on the latest updates. Q2: Which sectors offer good investment opportunities in DHA Lahore Phase 9 Prism? A: Sectors E, K, L, M, N, P, and Q have shown potential for investment opportunities. These sectors have seen steady growth and present a chance for investors to capitalize on their investments in the future. Q3: What is the price range for 1 Kanal plots in Sector H? A: The price range for 1 Kanal plots in Sector H is approximately PKR 240-250 million, depending on the location and specific plot. Q4: Are there any sectors where possession has been fully granted? A: Yes, possession has been fully granted for most plots in Sector F and Sector G. Homeowners in these sectors can enjoy their properties without any delay. Q5: Which sectors have witnessed high transaction activity? A: Sectors F, G, H, and J have witnessed high transaction activity due to their popularity and demand. These sectors have attracted buyers and investors alike.

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