In financial markets we use the oversold term when the financial assets such as stocks of a company are trading on a value that is lesser than its market value. And this is the time when these assets may attract the investors.
For DHAs, sellers are almost unavailable due to travel restrictions world wide and furthermore Majority of the DHAs have stopped transfers on autgority. Only locals are available to sale but they are willing to hold for further jumps.
Its market rules when market leader (DHAs) become out of range, money flows towards the market follower (Bahrias). And then 3rd & 4th untill all become out of range and the bubble starts to burst. In this case there is much demand people want to buy the property but available plots are very few.
Eidul Azha is nearing & this will give a further more boost to the rates.
In short term as well as in medium term, i am looking a very good return out of all available societies.
Furthermore we all know MR has become a pampered oldman. And his son is the main person who is on driving seat since last 3-4 years. MR factor has almost end and Bahria belongs to the residents & the investors now. Market forces decide their fate now a days.
BTR is almost half in size of pindi if you see on the map. Such huge inventory takes time to get more appreciation. But in last 5 years, it seems bahria has developed almost all blocks and they are getting populated. The supply of plots is not the same as it was before giving the posession of L block G Block I block P block etc. Reduction in number of plots i.e. construction of houses, decrease the number of available plots & rise the prices. And BTR is on the way to getting population so quickly. All factors are supporting its rise. M block is the example, almost before january 2020, there were one or two houses built. But now you will see houses everywhere. This rises the intrinsic value or the plots hence the market value gets support to rise.
In Pakistan, real estate boom starts from CDA, then transfers to DHAs , then to bahria and finally ends in small societies. But this is the first time Bahria took the pace of boom after CDA, and when bahria start to consolidate, DHAs have start rising.
This consolidation is very healthy sign for a strong market hike. This consolidation has set bahria market to make a further jump of one or two millions before december end . Bubbles never rise in this way. For long term all real estates perform outstanding, but my analysis make me comfortable in short to medium terms as well with good expected returns.
In short, in such a Demand demand & demand scenario, oversold state can not last for long. Prices must jack up. And whenever prices go up, everyone try to buy before its too late. And things get out of range.