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DHA Karachi (Phase VIII) Latest Plot Prices – December 2013


DHA Karachi Phase VIII Latest Plot Prices - December 2013

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 plots in DHA Karachi Phase VIII (Phase 8), then do checkout the list of DHAToday’s preferred Real Estate Agents in DHA Karachi & Clifton.

DHA Karachi Phase VIII prices was in bullish trend since the last quarter of 2010 and it followed the same trend till August 2013. In September 2013, market completely changed its pace, as mention in previous month’s conclusion that market already took correction and movement was slow from starting of the month. Finally, at this stage we are in the mid of December 2013, market is too dull and less activity witnessed.

As it has been mention earlier that forecasted prices for December 2013 comes in August end and it looked like that market will take correction and it happened. Now after this major change almost 12 weeks have gone. During this period market came down by 20 to 25% and then settled. Now, market did moved up a little by 5 to 10%.

As we all know that new entry of Bahria Town in Karachi created more options for the investors and people have more choice. The other valid factor for this downfall is that the prices of Phase VIII plots are almost out of reach for a common man, and to trade these plots, it requires huge volumes. Because of these high prices we have already seen diversification of interest from DHA Karachi to DHA City Karachi.

Now, in the coming 2-3 months are very important for the market and it will be cleared further that what exactly going to happen, either this time market will remain dull for a long time (for years) or it will rebound shortly. Usually market remains dull in December if market is in slow pace. According to the overall situation it feels that market will take some more time to settle down or even make any clear direction and it is not recommended for short term investment.

1. Zone A

Residential:

  • 500 Yards – 25 to 30 million
  • 600 Yards – 27 to 31 million
  • 666 Yards – 30 to 35 million
  • 1000 Yards – 35 to 46 million
  • 2000 Yards – 75 to 90 million

Commercial:

  • 100 Yards – 22 to 55 million
  • 200 Yards – 40 to 110 million

2. Zone B

Residential:

  • 100 Yards – 9.5 to 10 million
  • 120 Yards – 11 to 11.5 million
  • 150 Yards – 13.5 to 14 million
  • 500 Yards – 22 to 26 million
  • 1000 Yards – 40 to 44 million

3. Zone C

Residential:

  • 500 Yards – 18 to 21 million
  • 1000 Yards – 32 to 36 million

Commercial Business Zone:

  • 333, 666, 1000, 1500, and 2500 Yards and few are bigger than this, the price of land here is 200,000/= to 275,000/= per square yard.

4. Zone D

Residential

  • 500 Yards – 15.5 to 17 million
  • 1000 Yards – 28 to 32 million
  • 2000 Yards – 52 to 57 million

5. Zone E

Residential:

  • 500 Yards – 17 to 19 million
  • 1000 Yards – 30 to 34 million
  • 2000 Yards – 55 to 60 million

Commercial:

  • 100 Yards – 12.5 to 25 million
  • 200 Yards – 22 to 50 million

6. Phase VIII-Extension (Sahil Streets)

Residential:

  • 300 Yards – 13 to 16 million
  • 500 Yards – 16 to 18 million

Commercial:

  • 100 Yards – 16 to 24 million

You may also like to checkout:

Forecast:

After analyzing all the factor and many things happened in the last quarter of 2013, it looks like that the market is not suitable for buying at this stage, though for those genuine buyers who want to buy to fulfill their need, they can buy; and for the investment purpose it is recommended to wait and see for at least first two months of 2014.

In the month of March 2014, things could be clear and any direction can be identified. At that stage may some good buying will be possible for the investment purpose. Overall, Phase VIII has good potential to invest according to the previous results in last three decades, and Phase VIII is always a healthy and fruitful investment on long term basis. It has already been testified and it multiplies funds like anything.

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 (10)

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  1. Danish Aboo says:

    Phase 7 extension has only corrected about 10% – what is the prediction for that sir, considering it is the only place where the common man can really afford to build a 100 sq yard house in DHA (yes Phase 8 also possible but it is so empty and barren)

  2. Azam Mairaj says:

    It’s wonderful! Very professionaly organized. Keep it up.

  3. Faiz Irani says:

    The impression I am getting from this report is that Zone-B D-cutting where there is no electricity has lost less value than the much more developed Zone-A.

    Is that really the case?

  4. Well-wisher says:

    hey all dha’s and non dha residents… hope u people doing well…
    i want to share some market trend of current month from 10 december to 21st december at dha karachi.

    1) More than 43 transaction is been observed in 100 yards staff plot and 120 yards at construction allowed zone of phase-8.
    100 yards= 1 crore 3lac and above (last month 85lac)
    120 yards= 125 and above (last month 110)

    2) More than 22 transactions seen in 100/200 sq:yards , mainly 100sq:yard that is 18 is observed at PENINSULA commercial dha phase-8 khi.
    => 100 Sq:YARDS = 140 and above (small front) depending
    on road and street (last month 135)
    => 100 SQ:YARDS = 155lacs and above (big front) on
    35″road ,
    160 lac and above on 40″wide road,
    168lacs and above 50″ wide road.
    => 200 sq:yards= 235 and above (last month 220)

    Saahil residential and commercial is also slight up from last month rates.

    PHASE-8 is again going to compensate the reduction of 10% to 20% occured in last months…

    Buy in peninsula Commercial its contract fo Roads development is in januaury, 2014. 5months to 6months completion plan for roads and networks.
    This Peninsula commercial 100 SqYard will be 2 crores (small front) before april 2014 whereas big front will be 2.25.
    200 sq:yards will be 310 minimum.

    • Danish Aboo says:

      Jakvani sb – can you confirm this is correct?

      • real-estate-art says:

        Yes, its quite acceptable.
        See the speculations in januaury at Penisula commercial 100sq:yard mainly!

        Buy now at peninsula commercial. This is the time to buy either u will not get 100 sq:yard any plot below 20Million . Might be permission can be given to commercials first in which peninsula is really attractive due to near by developed networks of roads and water…

  5. Islam Associates says:

    DHA Phase VIII is the best piece of Land in this Whole Country.

    Limited Land, Three sides water & one side Land.

    And even out of that not even 5% of the property is available for SALE.

    So who determines the price ?? market forces ??

    My view is, people do not sell here, no matter what the Price is.

    This is Not DHA Lahore, where the Phase just wont end 🙂

    And I am sure, no one is willing to go to Phase 9 Karachi, which is 85 km away from this area, without any direct approach.

    Phase VIII is GOLD MINE, very soon things will get better.

    10% increase has been witnessed from the Bottom in November 2013.

    Do not Compare DHA Karachi Phase(1-8) to DHA Lahore.

    • Asif says:

      Well said Islam Associates, DHA Karachi (Phase 1 to 8) prices will be like Mumbai INDIA where prices are highest then rest of the India because of the shortge of land, DHA Karachi (Phase 1 to 8) will have same situation very soon.

  6. Hi friends !

    Market go up and down this is DHA trend. we can not stop it from our words. its coming down because it had increased a lot and there is more competition.

    Bahria has its impact, DHA is having its first big competitor in Karachi.

    we must think like a Invester to interpret market, see option in hand, and return on investement. ppls earning 10 TIME on Bahria Slip, DHA is not giving so much return, so its better to invest in Bahria,

    so this is putting pressure in DHA market.

    regards

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