In August 2014, just after Eid political unstable situation disturbed many business activities including Real Estate market. In DCK, market follows the same trend as last month. Even because of this political situation in Islamabad made difficult in decision making. Though many Overseas Pakistanis visited their home land during Eid holidays and stayed after Eid as well and normally new buying came in the market, we witnessed this type of buyers in the market as well, but this time this new buying couldn’t make any major price difference on upper side.
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Though besides this slow trend, there is price hike as well in the particular sectors based on specific sector buying. And buying on demand also increases the price. There are always different thoughts in the market and with those different thoughts different demands created and people like to buy different things at the same time. This thing also creates prices differences in the market.
One thing is very interesting here because of all up/down in the prices many times for in last two years, there is a gap in the plot prices and transactions witnessed in different prices for same kind of plot at the same time. Even this price difference witnessed more than 10% in some cases. It also depend upon the demand and supply situation, but in the same time frame transaction made at different prices.
After the Marketing campaign by DHA, price went up in the RED Zone Sectors (3,5 and 7) and prices increased till the level where market touched in September 2013, but recently a new rule is implemented by DHA that buyer has to pay further 25 % of remaining payment at the time of transfer (early recovery of installments) and because of this, buyer has to invest more equity for buying in these sectors, as DHA Commit to make these sectors live able by 2016. Because of this rule, prices starts to came down.
Numbers of transactions are also on lower side. From July 2014, 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.
You may also like to checkout:
- Topographic Map of DHA City Karachi (DCK)
- DHA City Karachi (DCK) – Sector Wise Total Area (Acres)
- DHA City Karachi (DCK) To Receive 25% Future Installments Payment on Sector 3, 5 & 7 Transfers
Total Price of Plot (September 2014):
Total Price for Residential and Commercial Plots in DCK for the month of September 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 nothing new from DHA side, though development work on site in good pace and many sectors has accessibility by car and the bridge completed as well, but nothing expected out of line. Market will remain stable and follow the same trend. Genuine buyers came and buy the plots and at the same time seller will sell.
Besides the bullish trend days, this is very good market for genuine buyers and deal can mature in a good way; seller will stand at the same price for reasonable period of time and makes sensible dealing. It is not recommended for those short term traders who want to make money quickly, as according to me, I never recommends this kind of trade, though many had good experience in short trade too, but only in the seasons. (Bullish trend), for those who want to keep their investments for long time, it is recommended to invest in DCK.
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. 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.