DHA always remains an attraction both for the residents and investors. Residents accredit DHA as a lavish living spot and investors find it good from investment perspectives. Zameen.com observes movements in Pakistan property market. According to the research conducted on Residential Plots in DHA Islamabad, exhibit upswing in their average sale prices.
The average sale price was estimated to be Rs.1, 194,643 in January 2012, which spiked to Rs. 1,244,149 in July 2012, recording an increase of 4.14% in value from during the first seven months of 2012. The average price of 10 Marla plots for sale in DHA Islamabad then up surged to Rs. 1,953,733 in November 2012. Research on the locality revealed that the preceding year proved promising for DHA Islamabad and not only that, the average price of 10 Marla residential plots escalated further in the first-half of 2013, which is a positive sign for the investors to focus on the locality.
According to Zameen’s statistics, the average price of 10 Marla plots rose to Rs. 2,150,500 in March 2013 and after three months in June 2013 this figure augmented to Rs. 2,499,091. DHA Islamabad seems to be experiencing an uprising trend because the average prices almost doubled by the mid of the current year as compared to that in the beginning of current year.
A huge investment has been funnelled into DHA Islamabad by various investors. Recently, the investors raised their concerns over the pace of development in the locality, as their moneys were put on stake. However, the increasing value of properties in the locality is a blooming sign for the investors.
Considering the overall burgeoning situation of Pakistan real estate, Zameen.com is of the view that the prices in DHA Islamabad are likely to increase further in the coming time.
By: Ali Raza Zaidi