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DHA Karachi Phase VIII (Phase 8) Latest Plot Prices – October 2013


DHA Karachi Phase VIII (Phase 8) Latest Plot Prices - October 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.

In September 2013, market completely changed its pace as mention in last month’s conclusion that market took correction and movement was slow from starting of the month, and finally at this stage we are in the mid of October, market is too dull and less activity witnessed. As it has been mention earlier that forecasted prices for December 2013 were already reached at August end and it looked like that the market will take correction and it happened.

Now after this major change almost 6 weeks are gone and prices came down by 10 to 15 % and it may continue the same trend. Now the important thing is that whenever this type of correction happens there are no buyer in the market and people try to find out the market trend and follow the wait and see strategy. Simultaneously, in this type of situation not everyone want to sell as they have already received high offers and at lower price not really want to sell. Usually in this period market remains dull and not many transactions happen. As we have Eid Holidays in coming week, everything will become so dull, and people’s interest has been diversified.

Coincidentally, in the same time frame one of the largest developer introduced their project and brought new terminology in the Real Estate Sector i.e. Client Registration Process. Earlier, we are only used to launching and pre-launching of projects. This is very first time that registration of clients were made and people took keen interest in this project. Millions of forms have been submitted (according to public opinion). Though actually it looks so odd that the project without location and any other details take success like this and just after the closing of registration, from next day ON Money started on the registration slips. Even after this huge input, still people are ready to buy those slips at higher price. Maybe the in-time delivery and high construction quality of the builder in other cities of Pakistan is the reason behind all this, and obviously there is a huge back lock of housing units.

Now, in the coming 2-3 months are very important for the market and further it will be cleared that what exactly going to happen and either this correction is just a correction or it will make the market completely dull. So, the questions are: The highest prices of Phase VIII has been witnessed ? or it will make new highs further?

1. Zone A

Residential:

  • 500 Yards – 27 to 32 million
  • 600 Yards – 28 to 32 million
  • 666 Yards – 30 to 35 million
  • 1000 Yards – 35 to 46 million
  • 2000 Yards – 75 to 90 million

Commercial:

  • 100 Yards – 23 to 58 million
  • 200 Yards – 42 to 115 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 27 million
  • 1000 Yards – 40 to 44 million

3. Zone C

Residential:

  • 500 Yards – 19 to 22 million
  • 1000 Yards – 35 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 225,000/= to 300,000/= per square yard.

4. Zone D

Residential

  • 500 Yards – 16.5 to 18 million
  • 1000 Yards – 30 to 34 million
  • 2000 Yards – 55 to 60 million

5. Zone E

Residential:

  • 500 Yards – 17 to 19 million
  • 1000 Yards – 30 to 34 million
  • 2000 Yards – 57 to 62 million

Commercial:

  • 100 Yards – 13.5 to 27 million
  • 200 Yards – 25 to 55 million

6. Phase VIII-Extension (Sahil Streets)

Residential:

  • 300 Yards – 14 to 17 million
  • 500 Yards – 17 to 19 million

Commercial:

  • 100 Yards – 18 to 27 million

You may also like to checkout:

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 (25)

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  1. asif says:

    i want to purchase 500 d cutting B zone at max 185? any sellers please?

  2. Ahmed says:

    I dont trust these prices. Investors are trying to create panic amongst the current buyers. They want the market value to drop so they can buy and then take the market up again. Phase 8 is premium property. I refuse to beleive there could be a correction of such magnitude. compared to the worlds metropolitan cities real estate karachi is still very cheap. Mark my words owning any kind of property in phase 8 right now is a GOLD mine. No one should sell especially at these prices. i still beleive the prices are the same as couple of months ago. Which is 500SQ yd at zone D around 220, Zone C 230 Zone E 225. NO ONE SELL anything lower than this

  3. Shaukat says:

    I think market surely come down ! Big players have already made money so its time for small fish to save themselves. Check price increase in last 1 year ! market shoot like rocket, trust me this is not just real estate, it happens in all types of markets surely different players and resources of money, you talk about it and check graphs, like Cotton prices, Wheat, Gold, Iron, copper, you name it, players are making moves, Those who have holding power to hold property for 3 year will win the game, Token player be ready for sacrifice : ) I think prices will touch lower bottom which will be lower then May 2013 price level, and but higher then April 2013. Afterward real buyer will run the market for some time, those who are in real estate from 2/3 decades can feel it, new comers needs to research.

    In all cases this is not time to purchase but wait and see where market goes. quick earning will not be possible in short run.

  4. Shaukat says:

    Check out little correction: April 2012 not 2013,

    I think market surely come down ! Big players have already made money so its time for small fish to save themselves. Check price increase in last 1 year ! market shoot like rocket, trust me this is not just real estate, it happens in all types of markets surely different players and resources of money, you talk about it and check graphs, like Cotton prices, Wheat, Gold, Iron, copper, you name it, players are making moves, Those who have holding power to hold property for 3 year will win the game, Token player be ready for sacrifice : ) I think prices will touch lower bottom which will be lower then May 2013 price level, and but higher then April 2012. Afterward real buyer will run the market for some time, those who are in real estate from 2/3 decades can feel it, new comers needs to research.

    In all cases this is not time to purchase but wait and see where market goes. quick earning will not be possible in short run.

  5. Ahsan says:

    I agree 100% with @Shaukat.

  6. Ahmed Shah Abdali says:

    Well, This is not 2005, where you can expect a sudden crash in prices.
    If there are 5 thousand Plots in Phase 8, Not more than 300 are on Sale at one Particular moment.
    DHA Karachi has limited Land, unlike other cities.
    And Please Do not count Phase 9 into this thing.
    This is Gold mine
    No body sells here, not even at higher prices, not even at lower prices.
    Its Only the Agents who keep themselves involved.
    From Last 2 Years, the Same Plots keep on rolling over, which were in the market 2 years ago.
    Let the fun continue.

    Good effort to spread panic, but dont think it can last Long.

    Good Luck to everyone.

  7. Against estate agents so called daemons!!! says:

    To all dear genuine buyers and resellers of DHA karachi. The market will go up and reaches at peak after december.

    All the zones will be considered as same when buying or selling!

    Correction is for those who (real estate daemons) invested as ‘token’ to get themselves in again at low price as their all amount as 10% of the total price of plot is forfeited as they could not find original buyer in market at their highest price… Their game of making 1.5 M to 4.0 M on agreement as token made the remarkable changes in the analysis of market price as whole.

    No genuine seller can sell at low price.

    Peninsula commercial is still attractive still due to availability of cheap plots compared to other commercials where 100 sq:yard is still available at 13.5 M… This can shoot to 20.0 M to make all commercials stand same and the D-zone is attractive as well…

    Agreement with the transfer letter mentioned name/names should be done with the meeting of owner so that you get an original buyer by paying “estate agent daemons their 1% of total as deal. this can be a good point for all….

    Dha karachi is a well-maintained and organised chapter of living hood…

    AGREED TOTALLY WITH AHMED SHAH ABDALI 🙂

    No more Bahria town talks, till they themselves announces their land of colony!!!

  8. Ahmed Shah Abdali says:

    Look at the Price of the $, for foreign investors market is still at the 2005 Level,

    And the Local investors should consider the same.

    When talking about holding power, I have been all over the world & no country in the world has more holding power than Pakistanis.

    And some guy talked about Cotton, Gold, Copper – Well thats Unlimited Supply @ market Rate.

    Dha phase 8 – unlimited supply ?? like I said only 300 Plots from the 5000 Plots are on sale at max at one particular time.

    And the same plots mostly keep on coming, over & over again in the market, & hardly any new thing comes up.

    Is that how you determine the market.

    My Advise : People, this City will turn in to Mumbai, where the scenario is the same, Limited Land.

    Dont let people make a fool out of you.

    But I know, No one even needs my advise, they are already very smart.

    And Bahria town, can only be on the Super highway, Who is Willing to go there & Enjoy a Happy Living 🙂

    • genuine buyer against exploiting investors(holders) says:

      some points from the above discussion needs more elaboration/correction:

      1) as far as limited supply is concerned, the point is well taken.

      2) for $-Rs. there is about a 75% increas in the $ vs. Rs (from Rs 62 on 2005 to Rs 107 in 2013) whereas phase -8 prices has gone from Rs 9 million to Rs 25 million (about 180% increase) i.e. almost 100% more increas than $ price.

      3) market cannot be moved on the whims of a single buyer/seller. when “Against estate agents so called daemons” him/herself said that “the agents could not find a genuine buyers, they had to forfeit their 10% token/advance payment”, this clearly means that there are no buyers at the price level which they were asking. if the agent could not find a genuine buyer, look who’d find? me? you? if the holding is for the sake of holding, keep holding. if holding for making a profit, u’d have to sale at some point, at which buyer (genuine buyer) is willing to buy and the seller is willing to sell.

      4) i was told by 3-4 different agents some 4-5 month back that they each have many genuine buyers with a budget range of 16-18 million (i was one of those having same budget), but the market was asking for 22+ million in d cutting. the market moved further up due to speculation or whatever reasons and many genuine buyers moved out, and thus caused the market consolidation.

      5) as far as no. of plots on sale at a single point of time, 300 plots are itself is a very big number. this should not be compared with total plots in phase-VIII.

      6) regarding gold mines: i highly doubt this. if you got to get another property with a comparative standing as of DHA karachi against what you earn after selling DHA karachi plot, you’d be going to pay same (or even more) amount that you earned from your property. all posh areas in paksitan (including karachi) are trading almost in the same price range (dha lahore etc, KDA officers, bath island are a few examples).

      7)lesson that should be learnt from this discussion: price levels are determined by market forces (not by speculators/holders but by genuine buyers who want to make their home).

      sorry, if i un-intentionaly hurt anyone.

  9. ak says:

    I am an overseas Pakistan and have a 100sqyds commercial plot @ Phase VII ext. KHI. Kindly shed some light if this is going to affect under current circumstances of correction? I have bought it since 2 months @ 125M but value is still remains same. Will this also see the rise after December 2013? Thanks.

  10. Ahmed Shah Abdali says:

    Dude, my theory of holding the property of limited land would definately apply after 15-20 Years, when Dha phas would also be 50% constructed & you will have no place to go other than phase 9, which is Super Highway.

    Whereas in cities like Lahore, the Unlimited Land is a big factor, they annouced phase 6-7-8-9-10-11 & can go all the way up to Multan from Lahore, with Dha Phase 55 🙂

    I agree at this particular point, DHA Phase 8 Karachi is not Fully Occupied,

    But its definately way better a property than DHA Lahore OR Dha Islamabad.

    Absolutely No Comparison.

    • interesting discussion says:

      on the same note, DHA may also be going all the way to hyderabad.

      if your investment isn’t giving you a return in your lifetime, its like “qaroon ka khazana”, it’s fruit would be reaped be others (usually your next of kins), not you. old peple used to say “jo khaya piya woh apka, baki doosron ka”

      50% occupation level in 15 years? it’s a pure recipe for a price correction.

  11. Ahmed Shah Abdali says:

    * when DHA Phase 8 will be 50% constructed – is what I meant!!

  12. Rana Iftikhar says:

    Well, Even I made a Purchase in the middle of September, when a deal was offered to me at 10 % less Price.

    I unaware that there is any chance of market coming down, grabbed the oppurtunity.

    Not that I have made a Loss as per current condition, but I feel bad, that why would I get so much of my capital stuck in something, which I dont expect a quick gain.

    Everyone says that market will pick up after moharram holidays, & I hope that happen aswell.

    If I had not made this new Purchase, I would have been on the side of the people, who want the market to collapse 🙂

    But I cannot support them, due to my own issues 🙂

  13. Rana Iftikhar says:

    But there is one fact, I beleive in this Property.

    If not any time soon, it will surely have its day.

  14. asif says:

    Another market crashing news:

    http://dawn.com/news/1051688/fbr-eyes-billions-from-dha-plot-sales

    In my opinion, this is going to discourage short term investment in the market and encourage genuine buying (by home makers).

    What does experts says?

  15. Rana Iftikhar says:

    Well no transaction is possible, without paying the taxes at the collector rate.

    So Pointless…..

    I heard from reliable sources market is coming back to positive trend.

    Bahria town investors would be the biggest loosers, as the housing scheme is the NAYA NAZIMABAD.

    So all set for Phase 8 to rise again,

  16. Rana Iftikhar says:

    And the collector rate is set by the government,

    Taxes are not collected on the basis of market rate.

    This is Pakistans System all over, so Yes you need to mention your transaction in Your Returns for the Year.

    But I think everyone already does tht.

    So Nothing New & Nothing Big.

  17. imran says:

    Geniune investors – you bought the land in DHA phase 8 because you believed the fact that the positive factors of this investment outweighed the negative ones. Stick to it’s positives which strongly remains and you will get your anticipated ROI’s. Altogether the price will keep esclating, despite of any speculations. remember the good saying for a piece of land: ” you buy cheap, you sell cheap”.. the bottom line being that it will only keep going up. no ‘other factors’ can hold it as the demand will keep increasing. Patience is the name of the game. Stop tracking it like a stock – morning and evening, because it is not and the ones who want to do it better go for stocks and try their luck.

  18. Anjum Associates says:

    Well, let me give people some inside info.
    When we talk about the prices, they haven’t fallen in Lahore from Phase 1 till 5.
    Due to enormous & unlimited availability of land they have fallen 10% from phase 6 till phase, Lahore.

    When we talk about Karachi, market was slow & expected something out of Nothing.

    Availability of Land is very limited, & owners are not at all reducing the price.

    Within last 3 days my friend has Sold two plots one on the 37th street 4th Belt, & one on the 36 street, only 10 lac rupees less than the offer he had in the first week of September.

    So my point is, activity has started, no real signs of anything coming down, in this very princely era, where your electricity bill has increase by 300% in last 5 Years.

    First Belt D cutting Plot were very very high in prices & went upto 290. But realistically they should be around 250 at max, but they are not.and still hanging in between 270-275, when talking about streets plots without any issues.

    Rather a better investment is D1 Zone, where I think you should find a 1000 yards plots in Streets for 350+.

    Which is only 75 lac extra for 500 yards extra, when compared to D cutting plot.

    Even 1crore isn’t a big amount if you are getting 500 yards of extra land.

    So I would go for D1 as we’ll for a 1000 yard deal, rather than 500 yards in D cutting.

  19. JadoPado says:

    Well, I guess the November 2013 prices are not good enough to post?

  20. Islam Associates says:

    Well Well,

    Prices are going up again as expected & back up 15 % from their bottom of November 2013.

    The real fact is,

    PEOPLE DO NOT SELL IN THIS AREA – NO MATTER WHAT THE PRICE IS.

    And the same plots keep on rollingm without any new addition.

    But some dumb people do not understand 🙂

  21. saleem says:

    kyun jagarte ho cigar piyo aur sojao wait till ————-

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