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DHA Karachi (Phase VIII) Latest Plot Prices – 2nd Quarter 2014


DHA Karachi (Phase VIII) Latest Plot Prices – 2nd Quarter (April-May-June) 2014

DHA Karachi is the most prime and desired vicinity for the people of Karachi, it has been divided in 8 Phases from 1 to 8. All these 8 phases are spread over the area of approximately 8500 Acres of Land, out of which 4000 plus Acres is designated only for Phase 8.

The DHAToday Show

Watch out the DHAToday episodes about different zones of Phase 8:

DHA Karachi Phase VIII spread over huge land, and for the development purpose (portions wise), it has been divided into different zones. Like A, B, C, D, E, and Phase 8 Extension also known as Sahil Streets.

If you are looking to buy or sell property in DHA Karachi Phase VIII (Phase 8), then get in touch with CITI Associates at info@citiassociates.com.pk.

Market started moving little on the higher side since February 2014 but not many transaction made. But as compared to previous number of transactions it has been increased, prices are also increased, not much but almost 10% on average.

After the balloting of Bahria Town Karachi, files prices are continuously coming down and people are discouraged from that side. In fact many people are stuck there as many applicants applied for multiple plots, apartments and homes in BTK and had plan to resell after balloting. Just after the balloting, prices were on the higher side but not much. Because of those high price, assumptions were positive and everyone was waiting for more increase but it didn’t happened and market came down. This thing made a positive impact on DHA Karachi.

Besides all this happening, DHA Karachi has its own customers base and people have full faith on DHA and still want to invest in DHA. As DHA is still one of the best option for investment with best ROI in previous decades, without any scam and provided Crystal Clear Documentation record since the authority was founded. It has already been testified and it multiplies funds like anything.

Phase VIII prices are almost at the same level that already touched in August 2013. Those levels were the highest ever in the history of DHA Karachi. In some categories prices touched the new level but very little percentage added.

One thing is very interesting that price appreciation was witnessed in Zone A and B, both are developed area of Phase VIII and also in Zone E, where the development work started recently. This is a positive sign for any market where developed property prices increased.

1. Zone A

Residential:

  • 500 Yards – 28 to 34 million
  • 600 Yards – 30 to 35 million
  • 666 Yards – 33 to 39 million
  • 1000 Yards – 38 to 50 million
  • 2000 Yards – 80 to 110 million

Commercial:

  • 100 Yards – 24 to 55 million
  • 200 Yards – 40 to 110 million

2. Zone B

Residential:

  • 100 Yards – 10.5 to 11 million
  • 120 Yards – 11.5 to 12.5 million
  • 150 Yards – 14 to 14.5 million
  • 500 Yards – 24 to 28 million
  • 1000 Yards – 43 to 48 million

3. Zone C

Residential:

  • 500 Yards – 19.5 to 22 million
  • 1000 Yards – 33 to 38 million

Commercial Business Zone:

  • 333, 666, 1000, 1500, and 2500 Yards and few are bigger than this, the price of land here is 250,000/= to 325,000/= per square yard.

4. Zone D

Residential

  • 500 Yards – 16.5 to 19.5 million
  • 1000 Yards – 32 to 36 million
  • 2000 Yards – 58 to 62 million

5. Zone E

Residential:

  • 500 Yards – 20 to 22 million
  • 1000 Yards – 33 to 36 million
  • 2000 Yards – 60 to 70 million

Commercial:

  • 100 Yards – 14 to 30 million
  • 200 Yards – 28 to 58 million

6. Phase VIII-Extension (Sahil Streets)

Residential:

  • 300 Yards – 15 to 18.5 million
  • 500 Yards – 17.5 to 22 million

Commercial:

  • 100 Yards – 16 to 26 million

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Forecast:

As the first quarter of 2014 is completed and we move into the 2nd quarter, as mentioned in the February 2014 forecast that after the month of March 2014 many things will get it’s direction. Under the current scenario, market will remain stable and there will be no major move on either side, at least for the coming two quarters.

The price variation will be based on buyer and seller availability and we may see little changes on demand supply basis. No major fundamentals expected. One important thing is Budget 2014-15, which might announce any unusual thing, but it is not expected. Though for those who want to invest for long term (2 to 5 Years) can buy at this level, but this is not the time to make short trades.

According to my personal view, investment is not recommended for short term, Real Estate is always a long term investment, and it will provide full advantage in long run. Though these days particularly after the Bahria Town Entry in Karachi, everyone is looking for short trades and want to make quick money, (as made in registration slips trading) we never recommend this kind of trading.

In Phase VIII, this kind of movement was witnessed in last spell of 2013 (March to August) and trader made huge money in very short time, but this happens seasonally not every time. This kind of trading was also witnessed in past moves of 2003 to 2005, and 1994 to 1996 as well.

Note: This information is provided by Mr. Muhammad Shafi Jakvani, CEO – Citi Associates. Price variation is due to many reason including location, dimension, and availability of particular type of plots in particular area. It also based on demand and supply and some time follows the market trends as well. All prices are assessed from ongoing market, it can be changed any time and there is no guarantee for any differ. It could vary according to some individual’s need.

Citi Associates – Real Estate Consultancy, Brokerage and Investment Services

Comments (15)

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  1. Shamim Ahmed Khan says:

    Well, it is good; can you please help me I would like to buy a plot of 500 yarde in DHA Phase VIII; what is the cost of the plot?

    Would highly appreciate it if you will please give me a reply.

    Thanks & regards,
    Shamim Khan

    • estate_man says:

      kindly mention ur budget ? if u need to buy plot invest in e-zone as this is the very next zone to previous allowed construction area like zone-a and zone-b. and this is centre of all the phase-8.

  2. Mairaj says:

    I am interested in 500yards plot in Zone E. The property should be near park and mosque and should be west open. Interested sellers please contact me with the relevant details.

  3. Tariq Sardar says:

    Your knowledgeable write-up on Phase-8, DHA, provides a deep insight into market trends in that area. I want to buy a 500 sq. yards plot on strets in 1st or 2nd belt, between Shaheen and Shujat, build a house and sell it. Would you be so kind as to advise me on best location and cost/ availability of plot whereupon a built house could sell easily and fetch reasonable profit. Would you also kindly advise if plots on Zulfiqar Streets would be a better or worse option for that purpose. Regards.
    Tariq Sardar.

  4. khurram says:

    Hi.I am really interested in phase 8 extension for investment. But please let me know when will they allow construction in that area?How much prices will shoot once permission is given.Thanks.

  5. haris says:

    sir yeh phase 8 extension ki development or construction kb allow hogi beach evenie mai thanks

  6. Khan says:

    Can you please help me I would like to buy a plot of 500 yard in DHA Phase VIII zone E what is the cost of the plot?
    Please give me a reply.

    Thanks

  7. obaid says:

    Sir will you publish the price estimation for July? I am interested to buy a 1000 yards plot in Zone E, above 26th street. Can you please provide a budget price? Thanks a lot.

  8. Navaid says:

    Mr Shafi we are missing your monthly analysis . What happened why you are not doing monthly analysis every month now.

  9. Asif says:

    Can we buy residential plots in installments?

  10. Liaqat says:

    some extra land behind my house is available
    how can i get it ?
    whats the price i need to pay

  11. Liaqat says:

    some extra land behind my house is available
    how can i get it ?
    whats the price i need to pay

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