PHASE 9 Prism (5 Marla) Future perspective in sense of investment.
The glimpse of phase 9 prism solitary dominating factor in real estate for last 2 years and market trends Annalise that it is going up due to its key feature which makes it more distinguished than any other phase of DHA Lahore. The outstanding location along with state of the art town planning which emphasizes on nature rather than artificial landscaping make it more compatible for living standard. There would be small parks, sector parks and theme parks as well; amenities are also design to make an impression of comfortable living standard. Time is not far away when it will be heart of the city due to its easy approach from ring road, main Ferozepur and Badian road it is expected that there will be 11 gates and a Central Boulevard of 150 feet each touches each block of prism. Keeping in minds with global warming factor it is expected that all development would be ecofriendly and street lights on solar panel. To coupe the technological requirement of future a free Wi-Fi also proposed in town planning.
Let’s look at it as investment point of view. In 2012 the average price of 5 Marla file was around 1.3 million which is now trading at 3.2 million it was trading around 4 million just 4 months ago.
There are 3 blocks R, K, J where so far 5 Marla plot cutting have been proposed. In May 2016 the 5 Marla plot in R block was trading 4 million to 5.5 million which is now trading at 3.3 million to 4.5 million. In j block a 5 Marla plot was trading at3.8 million to 4.5 million now trading at 3.2 to 4 million. K block 5 Marla was trading 3.9 million to 4.6 million and now it is trading 3.4 million to 4.2 million.
May trading trend
November trading trend
A price correction has been made in last 4 to 5 months though the investor is a bit shy to jump in the market but those people who are aware of the real estate dynamics are in market and buying on the bases of slow and steadily rule. As per market trends it is expected that in next five years the 5 Marla plot would be trade around 15 million with keeping in mind the GDP growth around 6.5 percent and remittance would cross 35 billion $ as per Asian development. The CPEC would be a crucial factor to boost GOVT earning and attracting more investment.
If you have low budget and looking forward to invest in long or short term than 5 Marla in phase 9 prism would be ideal available option.