Can anyone tell if they have info about balloting of Phase 9. I have a plot in Phase 9 and for the past 2 months, the rates are stagnant. I want to know if I should keep this plot or sell it?
Experts opinion is requested. Thank you.
It is good time to sell. Prices are on peak and balloting not expected before end of 2014
I think it is better to sell, if u can’t wait for good amount of time.
Long term prices would increase but in the short term there is not much chance and people have been using balloting rumours to try to increase price. About 2 years ago these files were for 20 lacs and today are at 50 lacs. So they have more than doubled in the last 2 years already.
Yup, thats how it seems like. Well rumour is that balloting will be happening in the first quarter of 2014. I dont personally think it will be that early as phase 9 is huge and they can not do balloting until and unless they are ready for it.
Also keep in mind that development charges will be at least 15 lacs on top.
The rates will fall as there is no chance of balloting any time soon and investors have started to pull out
I think that fair value of DHA, Lahore, Phase 9 , One Kanal plot file is between Pak Rs. 35 to 40 Lakhs but speculators took the market unreasonably high by spreading the rumors that balloting is nearby whereas there are no chances of balloting till the end of first half of 2014 because there are many cases of Phase 9 land acquirement are in courts.
I myself is waiting for a market deceleration to purchase the file once it will fall to a reasonable range. Appreciate to have comments of others. Thanks & Regards
OK now i am getting the signal that i should consider selling it and putting my investment somewhere else. I personally feel that rates of plots will if not appreciate, wont depreciate either. It will be stagnant or a little correction of 1 to 5 lakhs are expected. Though i still think its a very good investment if you are OK with waiting for 3 to 5 years more.
Please let me know if any one ready to sell a one kanal residential plot file of Phase 9, DHA Lahore. My offer is Rs. 41 Lakhs.
The going rate in the market is 49 lacs today. So why would anyone sell for 8 lacs less.
Thanks Mr. Arshad for an info. I will keep my figures cross till it came down to a price range in my favor.
Can please anyone update todays rate for 5M,10M and 1 kanal in DHA phase 9.
5M 19 lacs. 10M 35 lacs and 1K 49 lacs.
If some one check the price graph of Phase 9, DHA Lahore files, one kanal file was traded around Rs. 38 Lakhs in September, 2013 and now it reached to Rs. 49 Lakhs.
Can someone advise that why 29% increase is done over the period of only three months whereas there are no chances of balloting at all till June, 2014.
I think it could be as a result of the price rises everywhere and also because of the hype created about balloting. Some people are mentioning various dates in 2014.
Well property rates have gone rocket high since the elections as all the black money is being put in this business. Now the prices have matured and only rumors about balloting are working and raising the prices. No one knows any exact dates about the balloting yet people are trading in this sector.
Lets hope balloting happens soon and the real buyers start putting money and something starts to show up on ground.