DHA has remained the most popular housing society in Lahore for as long as Zameen.com started to document its search trends. The society is ranked number one among buyers looking to buy all kinds of properties including houses, residential plots, flats and commercial property. It is only logical to assume that any signs of investment activity resuming in the city will be reflected in the prices of properties in DHA Lahore.
If you are also looking to get your hands on DHA property soon, this blog might come handy.
The agents operating in DHA believe that the improvement in demand has been witnessed in form of a sudden rise registered for number of inquiries made by the interested buyers. Some believe that the process has already started off where Phase VI and Phase IX are doing particularly well.
Since the real estate sector is intended to accommodate the end users, investors too like to pick the property type that interests a bigger number of buyers, whom we call the genuine buyers. In this regard, the smaller plots have turned out to be better performers during the dull investment days. Even today, the demand is registered higher for 5-marla and 10-marla plots as compared to their larger counterparts.
According to Zameen Index maintained for DHA Lahore, prices of residential plots here started to increase from the start of this year. But this isn’t applicable to all phases and all plot sizes. According to our data certain plot category performed well in one phase but the same size plot in another phase saw a drop in value during the last one year.
Here is how prices of 1-kanal plots fared during the last one year;
Here is how the 10-marla plots in various phases performed during the last one year;
|DHA IX Town||4.80%||Down|
The statistics recorded for 5-marla plots during the last one year are also interesting. But note that this plot size is available only in some blocks of limited phases.
|DHA IX Town||13.28%||Up|
From the data shared above, it is easier to tell that
- Limited availability of a certain plot size in a phase generates less demand
- Given the options in plot sizes, the 5-marla plots outshines its 10-marla counterparts
- The prime plot category, 1-kanal plots, has performed particularly well in established phases and not so much in the developing ones.
- Price appreciation rate recorded for plots in established phases is much higher than the same recorded for plots in phases that do not attract the end users yet.
From the look of it, it appears that 5-marla plots in DHA IX Town have had their peak days, and maybe its time for their larger counterparts. Price appreciation is marginal yet steady for smaller plots in Phase VIII and Phase IX and not so much for 1-kanal plots but that could change for Phase VIII, especially for the developed blocks. 10-marla plots in Phase VIII also look good for experiencing further gain in rates.
What do you would do if you were to pick the right option based on this data? Let us know through your comments. Not to mention, you can also share your queries with us by leaving a comment below.