As we are in the middle of 2nd quarter of 2015, market showed bullish trend for last two months, and prices came up very fast. Particularly the DHA Karachi (Phase VIII) prices came up sharply and it increased more than 25% in last two months.
In fact in the month of February 2015 when DHA imposed additional development charges in Zone B, C, D, E and Phase VIII-Ext. and Zone A Commercial too. Market was too dull at that time, and it looks like that it will go down and additional charges will have to observe entirely by seller, but unfortunately market rebounded just after two three weeks and till the 10th May 2015 prices of Phase VIII plots were at the highest ever level in the history.
Market touched its highest price of 11 Crore rupees for 2000 yards plot in Phase VIII (Normal Plot). As I mentioned in last analysis that Overall market has a good tempo, and it might take some positive move, and it happened. We all witnessed that market came up. As mention earlier that Phase VIII prices came up drastically, and many profit taking happened and the amount that is available for re-invest was moved to DHA City Karachi. In DHA City Karachi prices came up almost 30 to 40% from January to May and still have potential to further go up.
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
One very important factor that DHA Karachi prices are continuously increasing and by this the price gap between DHA Karachi and DHA City Karachi is increasing and ultimately it creates space to increase for DCK. As we know the minimum price of DHA Karachi for 500 square yard plot is around 60 to 70K per square yard, even in the area where construction permission is not allowed yet, and the area where construction permission is allowed, the minimum price of plot is around 80 to 90K per square yard, and the maximum price range there is more than 100K Plus per square yards too.
As compared to DCK price range, the minimum price range for the same 500 square yard plot is around 9 to 10K per square yard and maximum price range is 15 to 16K per square yard. This comparison for the size of 500 square yard plot only, for other sizes it may vary.
Many Overseas Pakistanis want to invest some little amount (their extra income) and there is no other potential and reliable investment opportunity available, they only rely on DCK and easily convince to buy in it.
Because of all this even recent price of DCK increased little bit, and market has stable situation. We also witnessed the increasing number of daily transfers of plots in DHA office plus the new memberships are also at good pace. On the daily basis there are new memberships made, this is very positive sign and shows the interest of many new people for DHA City Karachi.
The charm of DHA City Karachi increased more because of Sector 17 files availability in the market. It attracted many buyers as these files are available at very attractive price, because till Sector 15 and 16 500 yards plot prices touched till 45 Lacs, and instead of this Sector 17 files are available at 30 Lacs only. It has great potential to invest as it is just at 6 K per square yard.
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Total Price of Plot (May 2015):
Total Price for Residential and Commercial Plots in DCK for the month of May 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 in good pace and recommended for investment, not for very short term but it will produce good returns by the time. Though this time market generate quick returns for plot owners, and it increased the price almost 30 to 40% in last 5 months, which is very good return. It is always recommended for long term investment plan, as it will produce very good returns over couple of years.
I found very interesting figures for Real Estate move in last 35 years, particularly based on Phase VIII residential plots. Very interesting it shows that Phase VIII plot prices increased drastically, it increased 2199 times (PKR. 25/= to PKR. 55,000/= per square yard) over the last 35 years (1980 to 2015). This figure also compared with other commodities like Stock, Forex and Gold but all other things were very far form Real Estate Growth, and it has been proven that nothing beats Real Estate Returns.
On the basis of Phase VIII move we can analysis DCK move for coming 30 years. It has increased minimum 2 times and maximum 4 times in DCK in last passage of last 5 years. In these five years market was too dull for 2 and half years, even it was in minus in early days. If we made the calculation from that minus price we can say it increased 4 times to 6 times within the last 2 and a half year time.
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.