In the month of June 2013, DHA City Karachi (DCK) prices continued the previous pace and further moved on the upward side, specifically in the few categories and sizes, like commercial plots are in high demand and lack of sellers in the market. On the residential side, big plots like 1000 and 2000 square yards are on high demand.
If you are looking to buy or sell plots in DHA City Karachi,
then contact CITI Associates at 0321-8793654 or email at email@example.com
The main reason of this spike in these categories and sizes is non availability of plots as 1000 and 2000 square yards plots are less in quantity. Total residential plots of 1000 square yards are only 1357 and 2000 square yards are only 137. Same trend on commercial side, specifically Central Business Sub-District (CBD) is on high demand and there is no confirm seller in the market for CBD plots.
The other reason of this price hike is good market trend and positive Real Estate Cycle. DHA Karachi is also having the bullish trend. This continuation of positive cycle create a major impact on the market. In DHA Karachi, the prices of plots are almost out of reach for Mid-range investors. All the people are now taking interest in DCK.
In DHA Karachi the minimum price of smallest plot of 100 square yards residential category is 7 Million in Phase VII-Ext. and in Phase VIII the minimum price of 100 square yards residential plot is 9.5 Million. With this amount, you can buy a number of plots of DHA City Karachi.
One more reason is the development work that is going on the site at a pretty good pace. In our last visit of DCK site, fast paced construction activity was witnessed, including Director Office Wing, Staff Residence and other office blocks work is in full swing. These things create a positive impact on the market.
You may also like to checkout:
- DHA City Karachi (DCK) Balloting Results List 2013
- Important Points of DHA City Karachi (DCK) Balloting Results 2013
- [Pictures] DHA City Karachi (DCK) Plot Numbers Balloting Ceremony on 23rd April, 2013
- DHA City Karachi (DCK) Latest Prices
- DHA City Karachi (DCK) – Complete Payment Schedule Guide
- 13 Immediate Action Plan Works at DHA City Karachi (DCK)
Forecast (Best Time to Sell):
After the Budget 2013 many things are under discussion like increment in Capital Gain Tax (CGT) and the Wealth Tax. These things will make some negative impact on the market. Like wealth tax imposed on immovable asset, and still the process of this tax is not clear. For the better understanding of budget it will take few more days or even weeks, and once the situation will clear in all mean, market will clear its complete picture.
As many previous moves of the market showed many odd things, and anything could happen in the market anytime, so people should also consider the profit taking and if they really want to sell they should sell, all the files are already in good profit. Return on investment is amazing specially for small plots, like the paid amount is just the 20% of the profit. It means investment becomes 5 times already. Now at this stage profit taking will be a good decision.
ON Money (July 2013)
Note: 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.
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 and supply and (ON Money) price can be change either side in the open market, depend on the volatility of the market. And there is no guarantee of any kind of price variation.