- Posted September 24, 2013 by
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DHA Phase 6 gets the best of the property boom in Pakistan, Reports Zameen.com
The massive property boom experienced by the developed phases of DHA Lahore has left the agents operating here quote the real estate boom of the mid 2000s. Zameen.com too has been keeping a close eye on the status and performance of both houses and residential plots here. Since DHA remains perhaps the most popular locality when it comes to attracting foreign investments from overseas Pakistanis, we, at the headquarters of Zameen.com, believe that these investors have every right to know what’s going on the market at any point in time.
According to data maintained by Zameen.com, Phase 6 has been the best performing of all the Phases in DHA Lahore. In 2013 alone, the property value here has increased 25% on the average. The spike is seen for both houses and residential plots here. When compared demand and ROI wise, houses in DHA Lahore offer better returns than residential plots, which makes the locality a great attraction for developers and architects. It is also interesting to note that increasing property tax on houses has failed to affect the demand of property in DHA Lahore, primarily because of the fact that only elite buyers and investors invest here.
As per Zameen.com’s data, rates of 10 marla houses in DHA Phase 6 have increased about 30% this year. With one more quarter to go, we can expect to look an annual hike of around 40% for these houses. For 1 kanal houses too, Phase 6 of DHA Lahore has again done great in terms of attracting buyers and ensuring an impressive price hike. Property analysts at Zameen.com noticed a staggering 36% increase in value of 1 Kanal houses located here during the first 3 quarters of 2013. Based on the prevailing trends, 1 Kanal houses are likely to experience a further hike of 10% to 15% in Q4 2013. The investors can very easily bag a profit of up to 15% by investing DHA Lahore houses ASAP