2013-03-04 08:52:08 - DHA is touted as the most popular posh residential society in Lahore and which is explicit judging by the high demand of its properties. To cater to this increasing demand, the authority launches new phases every now and then. Phase 8 was launched a few years ago and since then it has shown terrific performance in terms of both demand and property prices. Popularity trend and performance of Phase 8 in 2012 is discussed below based on the data released by Zameen.com.
For decades, DHA Lahore has maintained its charm and popularity amongst the people. The Authority has maintained a high standard since its inception by continuously providing the finest communal services, world class amenities and matchless lifestyle to its residents. Back in 2010, Phase 8 was launched by DHA Lahore, which has now become popular from an investment point of view as it kept attracting a large number of property investors. The point can be supported by the statistics and data released by Zameen.com.
The data reveals that out of total searches recorded for DHA Lahore plots during 2012, more than 8 percent searches were made for DHA Phase 8 Lahore. The percentage indicates that hundreds of potential investors are looking for
plots in DHA phase 8 on Zameen.com. In the beginning of year, the search volume percentage for DHA phase 8 plots was 7.61%, which kept on increasing throughout the year.
The values dropped to 6.64% and 6.78% during the months of July and August, respectively because the holy month of Ramadan was observed during these two months in 2012. A slower activity is usually noticed during this month so the decrease in search volume can be denoted with this fact. However, a surge in search volume was noticed again after that, till the year ended on the highest search volume percentage which was 13.42 percent.
A somewhat similar trend was observed at Zameen.com in the sale prices of DHA phase 8 Lahore plots( www.zameen.com/Plots/Lahore_Defence_%28DHA%29_Phase_8-1451-1.htm ..
). In the beginning of 2012, average sale price of 1 kanal plot in DHA phase 8 was Rs 6,238,647 which was also the lowest price recorded for these properties at Zaneen.com during 2012. The sale price continued to rise throughout 2012 but a sudden drop in value was witnessed during the months of September and October when the real estate activity was slower overall in the region.
The average price for 1 kanal residential plot in the 2nd quarter was Rs 7,458,625, which led to a magnificent beginning of 3rd quarter for DHA phase 8. In the month of July, the average price for 1 kanal plot in phase 8 was Rs 7,372,078 which increased to Rs 8,416,154 in the proceeding month. However, a slight drop down was noticed in the months of September and October when the average prices were Rs 8,083,537 and Rs 8,095,266, respectively. Average sales prices for 1 kanal plots in DHA phase 8 made a stellar comeback when the value touched to Rs 81,400,00 and further by the end of year, the average prices reached at the highest peak with the value of Rs 8,511,852.
Giving comments on the outstanding performance of 1 kanal plots for sale in DHA phase 8 Lahore, Nafees Bhati, an expert at Zameen.com said, “DHA phase 8 registered a terrific performance throughout 2012 and it is expected that a similar trend will be observed in the upcoming years as well. It will continue to attract large numbers of property investors in Lahore real estate sector.”
For more information, please visit: www.zameen.com