The Holy Month of Ramadan was witnessed as very dull for the Real Estate Market specifically for DCK. As in the last month forecast, we have already mention this thing. Though many Overseas Pakistanis visited their home land during Eid holidays and normally new buying came in the market, but this time this new buying could not play any positive role for price appreciation, and market is almost at the same level where it was before Ramadan.
If you are looking to buy or sell plots in DHA City Karachi,
then contact CITI Associates at 0300-8299101 / 0321-8793654 or email at firstname.lastname@example.org
As in the month of Ramadan working hours are too short and nobody is ready to work hard, and over all working environment become too dull. In case of bullish market trend, once market is in full swing even Ramadan comes it will not effect the market as in 2013, the market was in bullish trend and in the month of Ramadan as well it was too active. But in normal days it becomes dull.
In fact in some sectors little bit lower price witnessed and if is there any, needy seller in the market agreed to sell at lower price. Numbers of transactions are also very low. From last month, for the prices of DCK we started a New Price Calculation Formula based on Total Price.
Overall, we can say is that it’s the buyer’s market right now and it looks like that it will continue like this till the year end.
Total Price of Plot (August 2014):
Total Price for Residential and Commercial Plots in DCK for the month of August 2014 are as follows:
Note: The above mention plot prices are total accumulated prices and as DCK plots are sold on installment basis, so the remaining installment will be deducted from the full price at the time of full payment. Remaining installment could vary in different categories of plot and also could vary on individual client basis, some paid up to date and some paid less installments. This price means the total plot cost after making the full payment including all the remaining installments.
Total Amount = ON Amount + Booking Price
Price range varies according to Sectors and Sub-sectors. Map issued sectors will also follow the particular Location, Corner/Non-Corner, Small/Big Roads, Park Facing etc.
As there is nothing new for this month, market at almost same level and no fundamentals changes. Though in Budget 2014-15, there is little change in Capital Gain Tax (CGT) which increased to 1% from 0.5%.
On buyer side, there is one new addition in the shape of Advance Tax, which is applicable on the immoveable properties more than 3 Million (1% for Tax Payers and 2% for Non-Tax Payers). This thing will not create any major impact specially in DCK.
Collector value has been increased by 20% but it doesn’t effect on DCK, as it has its own official value on which plots are sold by DHA, which is PKR. 3830/= per square yard for residential plot and PKR. 19150/= to PKR. 30,000/= per square yard for commercial plot according to size.
Though Development work is in as usual good pace, now everyone is waiting for 2016. As DHA endorse Sector 3, 5 and 7 will be live-able by 2016. During this time only Malir Motorway news could bring any spike. But as always mentioned that for long term investment DCK is ideal investment opportunity and by the time these figures will change and it will produce best ROI in 3 to 5 year time. DCK has very good potential because it is the first ever Planned, Sustainable, Green and Smart City of Pakistan.
These prices are provided by Mr. Muhammad Shafi Jakvani, CEO – CITI Associates. Above mention prices are subject to change any time according to their demand & supply and price can be changed either side in the open market, depend on the volatility of the market. And there is no guarantee of any kind of price variation.
Mostly files traded in the size of 200, 300 and 500 square yards. It does not mean that other categories are not available, but normally these sizes are traded and are available for sale and people are ready to buy files of these sizes. Other large plot may be allotted in balloting but not available frequently in the market.