Friday, November 8, 2024

Factors in the decline of prices in DHA Phase 5, Rawalpindi/Islamabad

(Source: https://www.dhai-r.com.pk/phase-detail/phase-v)

DHA Expressway is present in DHA Phase 5. This phase already has several important buildings, including Novacare healthcare, Caltex petrol pump, McDonald’s, and DHA’s main building. Considering this development, many private agencies have also started their developments in this area. Earlier this year, an 8 marla plot was available only at about 10 crores, and even 4 marla plots have the price in the range above 4 crores. Now, the prices for 8 marla plots have gone down to about 9 crores to 9.5 crores, and 4 marla plots are now at about 3.65 crores.

Considering the reasons behind the decline in prices, even with the presence of all different types of positive factors, it can be noted that after budget, commercial plots got Federal Excise Duty (FED). So, when someone gets a plot in DHA, they have to pay not only Advance Tax but also FED and DHA Membership Fee. These extra burdens of taxes result in the decline in prices. Another reason is the presence of businessway where people have started showing interest leading to a decline in prices near DHA expressway. Then, the development of Central Commercial, where banks, parks, and plaza with rents can be found. These three factors can be considered important in the decline in prices. However, the completion of DHA headoffice in phase 5 (by December 2025) and the completion of other famous areas (already mentioned), such as Novacare hospital (by 2026 or 2027) can eventually increase the prices of plots.

Source:

Property Gupshup - 😱BIG DROP in price on DHA Expressway | Property Gupshup - https://www.youtube.com/watch?v=UKd0jHytuco


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