GENUINE BUYING IS GOING AT STABLE PACE IN PHASE 8.
Development Work in Beach streets plots is COMPLETED waiting for authorities to announce permission for construction.(might be waiting for water, gas and electric supply). Development in SAHIL phase 8 ext is completed.
The year 2014 IS ONCE AGAIN growth driven year for DHA KARACHI PAKISTAN. Pakistan’s foreign exchange reserves is over 10 billion USD, inflow of foreign remittances is steady, Karachi stock market 100 index is between 29000-29,500 point mark.
The official collector rates of plots in phase 8 is very low as compared to phase 5 and 6, this also adds up to high trading activity in phase 8. ( There is huge gap between market value and official collector rate of plots in DHA as is all properties in PAKISTAN)
The prices of property in DHA Karachi currently is trading at modest levels especially in phase 8. , due to development work going on at high speed in zone E and the permission for construction in certain areas of phase 8 is already announced.
What ever kind of government in Islamabad . It has to rehabilitate Pakistan for its survival, for that purpose strong marketing is to be initiated, free of corruption and stress on self sufficiency. The positive change is being expected in THIS NEW SET OF NAWAZ SHARIF administration of after the level of devastation caused previous government corruption, the people of Pakistan are trying to face this challenge themselves.
The Pakistani investors now have the full confidence in DHA Karachi Pakistan property market. The growth rate in the neighboring countries like China and India is above 7%, Pakistan is trying to make improvement in that area against all odds.
The near future outlook appears very positive, there are ups and downs in prices temporarily but in long term, the DHA property market will remain very positive.
Intelligent investors are already buying at these attractive levels. The black economy has also started has also started to pour its funds in DHA property market. Just take the example of average 500 yds residential plot in D-CUTTING phase 8, back in January 2009 the price rupees 70 lacs now the price is rupees 2.75 – 2.55 cror
( rates of plots varies with streets & location)
Sahil 300 yd plot is at rupees 1.55 cror sahil 500 yd around 1.90 cror. Defence streets phase 8, 1.65 cror ,
2000 yds category residential plots in 3rd belt of phase 8, below 30th street are around 8.50 crores and prices above 20 street is upto to 12 crores.(approx)
The prices in phase 6 plots and and bungalows is stable , as rates of apartments and shops are attaractive.
The sale of bungalows have slowed down, all the quality houses are sold out, few are left now, builders have started to buy new residential plots for new construction. The 500 sq yd brand new house is now priced around 6.75 -4.75 cror, 1000 sq yds is priced around 12 crors plus and 2000 sq yd is price around 23 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 4.0 cror crors now.