As we are in the middle of 3rd quarter of 2015, market showed bullish trend consecutively in last two quarters, the price trend vary in different sizes and categories. Like 500 yards plot touched almost same price, which already touched in September 2013, and even crossed those prices too. 300 yards also touched same price level, 1000 and 2000 yards plot are very few in trade but price increased almost at same percentage, but the smallest size plot of 200 yards doesn’t increased in terms of price and still at lower side, almost at the same level where market touched its bottom or little higher than that.
Transaction wise the maximum transaction occurs in the smallest plots, 200 yards plot is the best seller. As maximum number of transaction witnessed in 200 yards plot but price wise it couldn’t give good returns. The reason of this might that there is one more category going to be introduced in DHA City Karachi i.e. 125 Square Yards Residential Plot, these plot will allotted to lower rank army staff and will be available in the market to sell. This will not be in huge quantity, but it is another option for low budget investors.
Besides this, commercial plot prices are increased incredibly and almost prices are double than previous high. This is amazing, because when market went down and prices were down by 40%, both were at same residential and commercial; and even it was very difficult to sell commercial plots compare to residential, but this time commercial plot prices made new high and prices touched double prices compare to previous highest prices. But at the same time very interestingly the number of transaction in commercial plots are very slow, and very few transactions noticed in commercial category.
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There are many reasons behind this bullish trend in DCK, one of them is very slow market in Bahria Town Karachi, and still continuously market coming down, the other reason is Ramazan Kareem. There are many overseas Pakistanis visit their home town for vacation and want to invest their saving in Real Estate sector, because of them there is buying in the market and price become higher.
Further DHA Development work also has good pace, as before Ramazan they arranged the visit for Real Estate brokers and showed their development work, this time many Realtors participated in this visit. Recently, we shared the DHA City Karachi (DCK) Latest Progress Update, which shows very good development work in different sectors, and also they constructed the main CBD Road till end.
There are also expected launching of Villas, Farm Houses and a Golf Resort in DCK which will create more hike in the market and people are waiting for that since long and it looks like that the available quantity of these products will not too much and because of this less quantity these thing will be in high demand.
One more factor is increasing prices in Main DHA Karachi. Prices increased 25% (within last 6/8 months) in Phase-VIII and the positive point is that the prices are also increased in Developed phases, which shows the real buying in the market and not only speculation. Although there are speculation factor is intact there, but with this many genuine buyers also bought many plots in DHA Karachi.
DHA has very good reputation and credibility in the market and people feel secure to invest their hard earn money, as compare to other private developers schemes, and ready to buy at high price in DHA City Karachi.
Further the Returns on Main DHA Karachi plots investment are amazing and produced 400% to 800% ROI within last 5 years. (2010 to 2015). This was the best time of investment in Real Estate particularly in DHA Phase VIII Karachi. Besides this other areas of Karachi also had bullish trend and followed the same trend in this time frame.
With all these increasing numbers, which already produced very good returns and proved best ROI in Real Estate Sector in last three decades, overall sentiments are very positive and people are very excited to invest in it.
One more factor is decreasing discount rates, which is also encouraging investment in Real Estate Sector. There are many other difficulties to doing business and people are happy to stay away from doing any business activity and prefer to make investment. Although normally in Mr. Nawaz Sharif Government, people interest in business activities increased but this time this strategy didn’t worked out due to many business related problems.
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Total Price of Plot (August 2015):
Total Price for Residential and Commercial Plots in DCK for the month of August 2015 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.
Market is very sound at this stage and the tempo is very positive. As usual when market come at highest price level no one want to sell and everyone wants to buy. Because of this buying sentiments prices are increasing day by day, and still look more potential in the market.
Because of this positive sentiments everyone look very positive and in buying mood, but we should consider previous moves also and remember this thing that market already completed almost 5 years of positive cycle and it might enter in the other phase of market cycle which will be negative trend (Decade Cycle Theory). In last three decades Market follow this practice to 4 to 5 years of bullish trend and after touching the highest point it came down and stand still for 4 to 5 years. This is already witnessed many times.
As per my previous forecasts (2012/2013), I mentioned this thing that market will touch its peak prices in the year 2015, and after completing this cycle, market will change its pace, although this is technical study of Real Estate Market (Decade Cycle Theory) it might follow this time too. Very interestingly to support this technical move there are many fundamentals created at the time, and it is done in this way.
Recently in Budget 2015/16 they imposed the holding tax (0.6%) on all banking transactions (For Non-Filers) which creates many difficulties not only in real estate deal but all other business activities as well. Traders faced many difficulties to make the payments. As this tax was already there on cash transaction at the rate of (0.3 and 0.5 %) for Filer and Non-Filer, and before that few years back it was imposed on Pay-Orders too, it started from 1% and reach till 3%. After that it was removed.
Now this time it is introduced on all banking transactions, either Cash/Pay-orders/Cheques or even online transaction. It created real difficulty. Because of many transaction hanged for many days. People try to find out the way but not successful yet. Many business communities not accept this and recently made strikes calls too. Though Government reduced it from 0.6% to 0.3% because of this reaction of business community, but still not decided to remove permanently.
Now at this stage many things in mind and it look difficult to forecast exactly what will be happen. Market is at highest price level and either it goes further on higher side or could not sustain this price level? It will take some time to make things clear and have to follow the market and wait till things clear 100%.
DCK has potential for investors and will produce good returns over coming years as DHA City Karachi as it is first ever Planned Green, Sustainable 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.