THE DHA PLOT MARKET IS IN Correction Mode . 25 to 30 percent correction expected,
DUE TO CHANGE IN OFFICIAL VALUES BY FEDERAL GOVERNMENT.
It will few months to digest the new fair value of properties s and taxes all over Pakistan.
INTEREST RATES ARE AT ATTRACTIVE LEVELS.5.75 KIBOR.
More trading is expected in secondy markets of DHA, Dha city , bahawalpur , multan, peshawar for speculation purposes.
Pakistan’s foreign exchange reserves is over 20 billion USD, inflow of foreign remittances is steady,
Karachi stock market 100 index is between 39,500-38,000 point mark. Government has Set 5.5 growth rate target.
The market mood is VERY cautious mode specially in phase 8.
The growth rate in the neighboring countries like China and India is AT 7%, Pakistan is trying to make improvement in that area against all odds. The near future outlook appears moderate.
The new rates of plots are yet to be determined, Rates befrore july were 500 yds residential plot in D-CUTTING phase 8, the price was rupees 6.60 cror ( rates of plots varies with streets & location) Sahil 300 yd plot was at rupees 3.65 cror sahil 500 yd around 4.50 cror. Defence streets phase 8, 4.60 cror , 2000 yds category residential plots in 3rd belt of phase 8, below 30th street are around 22 cror crores and prices above 20 street is upto to 26 crores.(approx)
The sale of bungalows have slowed down. The 500 sq yd brand new house is now priced around 10 – 8.75 cror, 1000 sq yds is priced around 19- 20 crors plus and 2000 sq yd is price around 50 crors plus for top quality and top location houses. Although there are lower priced houses according to their location and quality. If you are interested in buying creek vista apartment there. The price of four bedroom apartment is around 5.50 crors . AS far as EMAAR project at cresent bay in phase 8 is concern , builder is progressing at slow pace and demanding 90 percent payment at the completion of structure ONLY, where as buyers are ready to pay 60 percent at completion of structure. If the project is able to deliver the product in announced time it will be the best project in whole DHA KARACHI PAKISTAN.