MARKET IS IN SHOCK AFTER NEW RULES REGARDING MARKET AND OFFICIAL VALUES OF REALESTATE PROPERTY TRADING.
The GENUINE BUYERS are waiting for permission for construction IN PHASE 8 ZONE C , D ,E.
The construction of MAJOR road NETWORK is finished in phase 8. ZONE B is ready for construction Development Work in Beach streets plots ZONE C , Sahil is completed. Development in Zone D & E remaining part and business Zone plots is in progress. Pakistan’s foreign exchange reserves is over 20 billion USD, inflow of foreign remittances is nearly touching one billion per month,
Pakistan stock exchange (http://www.psx.com.pk/) is between 35500-38,000 point mark.
The prices of property in DHA Karachi currently is HIGHEST levels phase 8.
Though the development work going on and the permission for construction in the year 2016 in certain areas of phase 8 is already announced.
The government has announced to complete Karachi Lahore motor way by 2017 and developing Pakistan into developed one. Government has to rehabilitate Pakistan , for its survival for that purpose strong growth rate has to be achieved, free of corruption and stress on self sufficiency. The positive change is being expected in this administration , the people of Pakistan are taking challenge themselves.
The GENUINE investors now have the full confidence in DHA Karachi Pakistan property market. The growth rate in the neighboring countries like China and India is above 7%, Pakistan is trying to make improvement in that area against all odds.
IN June 2016,The market prices of plots in different locations were , 500 sq yd residential plot in D cutting, phase 8 reached above 6.50 crors(first belt) , Sahil 300 yd plot was at rupees 3.85 cror , sahil 500 yd around 4.75 plus CRORE. Defence streets phase 8, 4.60 crors. 2000 yds category residential plots in 3rd belt of phase 8, below 30th street were around 22 crores and prices above 20 street is upto to 26 crores. The sale of bungalows down,. The 500 sq yd brand new house priced around 11.50 cror, 1000 sq yds was priced around 22 cror and 2000 sq yd was price around 50 crors for top quality and top location houses. All these prices are history
Now after new rules new downward prices are expected.
DHA CREEK VISTA in phase 8 of DHA, KARACHI, PAKISTAN, The price of four bedroom apartment was around 5.50 crors now , 3 bed 5.25 cror. The market prices in the commercial areas of phase 8, Almurtaza commercial / Zulfiqar commercial 100 sq yds Rupees 7.0 cror .
Thus we feel prices will be rationalised in dha karachi Pakistan, and only those plots are getting offers which are location plots..