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The prices do sound inflated for this moment in time. Must be dealers trying to make some quick money. If you tell them that you want to sell a plot then you would get different price.
Well, What I foresee these prices wouldn't depreciate now as CDA has to construct the avenue anyways. I don't see this escalation in prices is artificial but the prices will appreciate more as soon as the project is launched. I am not a dealer but simply a market observer and I don't think these prices will depreciate now. Rest Allah Knows!
The prices are still going up, maybe this is in response to proposed launching of Margalla Avenue, I guess due to the new airport, this has to be built anyway, sooner or later. Block B is getting populated already. Maybe its a not that artificial? Any updates?
Margalla Avenue is a big factor as tender NIT amount was 75 crore but a firm won on below rates (50 crore) CDA officials are trying to tease that firm but hopefully soon they will get work order.
So if the work starts then most probably the prices will not drop even if this is an artificial rise. There maybe further rise in prices once they break ground for this proposed road, which is the main attraction for buying plots in this area. What do you advise friends? more investment in this area advisable?
