Initially DHA Lahore Phase 9 was known as Phase IX and X. This has been renamed as Phase IX. It is adjacent to Phase V and opposite to Phase VI, with Ring Road interchange close by.
DHA Town is also being developed in DHA Phase IX as a Welfare Package to recognize the exceptional bravery and courage displayed by our soldiers.
The Town has sites for a Jamia and two sector mosques, two school campuses, five parks, two play grounds, two petrol pumps and sewerage disposal system (SDS).
Spacing of roads have been planned with green belts.
This Town when completed will truly be a reflection of the most modern and economical development standards.
DHA in general is growing at a stable speed and turning into a much sought after community in Lahore.
DHA has also seen its ups & downs. This review is in particular about the upcoming DHA Lahore Phase 9. Many people have mixed views about it.
Well I will share one experience as well as some objective analysis.
One acquaintance of mine bought one file in Dec 2008 for 15.60 lacs.He just sold it for Rs: 26.60 in July 2012. So after three and half year he got the gross profit of 11 lacs minus the taxes around 1.5 lac. So the net profit was 9.5 lac in 3.5 years which is about 56 percent return in 3.5 years and the annual return of about 16%.
Well by financial standards not bad. In the bank you get about 5-8 % and in national savings you get maximum 12%. So it was not bad.
Secondly, this return in real estate market in the boom time is considered very weak. And from 2008 – 2010 it was a part of the slump period. Market just started gaining its strength back in late 2011.
Real estate has always been considered a very good investment. But I agree there have been scary stories as well. I personally know people who bought the phase 9 file for 45 lacs in 2004 – the so called boom years – when the phase 9 was announced and there was big hype behind it. Now those people are just stuck with their files for so many years since it has never reached even its original buying price for them.
The price still kept rising even when he sold off. It touched at about Rs: 31 lac in Oct. 2012 and now in Nov 12 its again at around Rs: 30 lacs.
For many investors, the price still seems right since the news of balloting for DHA Lahore Phase 9 is circling in the market. Secondly DHA has delivered in the past and it is going to deliver in the future too. So one kanal plot at 30 lacs plus Rs: 15 lacs of development charges in future will double once the phase 9 is completely developed.
The location of phase 9 is also good. It is on the phase 5 side of the Bedian road. You don’t have to cross the Bedian road to go to the other side. It is going to be largest phase with about 48000 kanals of land much larger than all other phases combined.
It is indeed a good investment for long term at least 6-8 more years in order to live well in that phase 9.
