Dha Phase 7 Updates
DHA Phase VII update!
PROPERTY News
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Ever since Defence Housing Authority Lahore granted possession of plots in Phase VII last year, demand here has been inching up. In fact, Phase VII is among the few DHA phases where investors join genuine buyers to gain good returns on investment in the medium term. The fact remains that DHA Lahore Phase VII is the cheapest of all developed phases for the 1-kanal plot category. Here is all that you need to know about making some excellent investment decisions.
Market update
Due to comparatively low property rates, the last one year witnessed decent transaction volume for residential plots here. And since the number of investors and buyers weren’t the same, there hasn’t really been a major jump in rates. Instead, a nice and gradual appreciation was witness but that too for prime category plots. Overall, property rates have mostly been stable.
Since a big part of this phase is yet to greet residents, and buyers have a number of options available, the demand-supply rule kept the situation under control.
Investment prospects
Phase VII is nestled among Phase VI and Phase VIII and when compared with these two, there is a stark difference in rates. Keeping it into account, investors eyeing long to medium term gains are seen actively buying plots in this phase. In addition, real estate builders are also constructing housing units for the end users. In the meanwhile, the end users are also eyeing prime category plots for their personal use.
This may or may not jack up the rates in near future but it does tell that rates here fall well within the range of buyers looking for 1-kanal plots. And for a lot of these buyers, right now could be the best time to purchase a plot or two in DHA.
Popular blocks
Most popular blocks here are obviously those more populated and these essentially are located closer to the phase’s main entrance i.e. Block P, R, and T. Property rates in these blocks, especially Block R, is higher than the remaining. There might be cheaper options available within these blocks but that would only be for plots close to the boundary, graveyard or some in odd size.
Except for some lanes in Block Z-2, all development work has been completed. For the blocks located at the rear side, the appreciation in rates would be gradual and this will take medium to long term.
A look at rates
The rates mentioned below include the range of plots from cheapest to the most expensive, where lower rates are for plots having regular locations and higher for prime category plots.
DHA Lahore Phase 7 is one of the dominant real estate plans of the Defense Housing Authority. Phase 7, DHA Lahore has another modern architecture & town planning. They provide wide roads, green belts, beautiful theme parks and sports complex to provide a green and healthy environment. It is located between the Barki & Bedian Road and close to DHA Phase 6. DHA Phase 7 has various sectors and each sector has fully equipped with all top-notch facilities. Other amenities of life are easily accessible in Phase 7, DHA Lahore. It has two categories of plots, one is residential and the other is commercial. The plot prices of Phase 7 are relatively less than the other Phase of DHA Lahore. The well-known Lahore School of Economics has located in this region.
DHA Lahore Phase 7 Facilities
120 Ft Main Boulevards
Commercial Market
CCA Market (CC1 In Q Block, CC2 In Y Block, CC3 In X Block, CC4 In T Block )
Sector Shop (P Block, R Block, S Block, T Block, U Block, V Block, W Block, X Block, Y Block Z2 Block)
World-Class Living lifestyle
Elite Educational Institute such as Lahore School of Economics.
Underground Wiring
Lush Green Parks
Mosque
Health Care Center
JAMIA Mosque
Police Station
PlayGround
Hospital
Defence Raya Club
Golf Course
Prime Location
DHA Phase 7 is in the prime location of Barki road and close to the BRB canal and phase 6. It almost twenty minutes drive from Ferozepur Road Lahore
DHA Phase 7 Plot Prices
Dha Lahore Plots For Sale Dha Lahore Plots Rates Dha Lahore Plots Prices
5 Marla Plot price in phase 7 starts from 70 To 85 Lacs. Similarly, 10 Marla Plot Prices start from 70 To 125 Lacs. However, 1 Kanal Plot Prices range start from 150 To 250 Lacs. Lastly, The 2 Kanal Plot Prices range start from 350 To 410 Lacs.
DHA Phase 7 Residential Plots :
DHA Phase 7 is surely known for its high standard of living. It consists of various Blocks named Block P-Block Q-Block R, Block S, Block T, Block U, Block V, Block W, Block X, Block Y, Block Z1, Block Z2. The Residential Plot sizes are available.
10 Marla Plots
1 Kanal Plots
2-Kanal Plots
2 Kanal Plots In Phase 7
2 Kanal plot only located in Q block, U block, X block and Y block. The price of the 2 Kanal plot varies depending on location and these are very few plots.
1 Kanal Plots In Phase 7
Almost 1 Kanal plots in all Blocks of phase 7. The prices of 1 Kanal plots are higher in P Block, R Block, S Block, W block and Z 1 block Close to Phase 6. However, Plots in the upper Portion in T, U, X and Y blocks are good location plots. If you have a good budget this is the right place, where you construct your dream house within 2 crores to 3 crores.
10 Marla Plots In Phase 7
10 Marla plot located in lower portions of U, X and Y Blocks. The Plot prices of 10 Marla are much less as compared to other developed Phases.
DHA Phase 7 Commercial Plots :
The Commercial plots are available in given areas.
CCA-1
CCA-2
CCA-3
CCA-4
CCA-1 Phase 7 Commercial Plot
It is located in Q Block and consists of 4, 8, 16 and 32 Marla commercial plots. A total of 118 plots are 4 Marla and 8 Marla and 16 Marla and 32 Marla are located on the corner.
CCA-2 Phase 7 Commercial Plot
It is located in Y Block and consists of 4, 8 and 16 Marla commercial plots. However, the prices of commercial plots are very reasonable as compare to other developed phases.
CCA-4 Phase 7 Commercial Plot
This will become a commercial hub in the future and consists of 425 plots. Prime location and direct approach to Barki Road. However, commercial Plot Prices are high as compare to other CCA of Phase 7
Final Verdict
DHA Phase 7 has always been looked at as a slightly lower budget residential option as compared to other phases of DHA Lahore, those days are long gone now. Rates have gone far higher than generally perceived and construction activity has been going on a rapid scale. The growth that DHA Phase 7 has observed over the recent past is likely to sustain its pace with more construction activity taking place, and the phase well and truly heading toward full maturity. Since the groundbreaking of Park and McDonald’s commercial activity elsewhere in the Phase is to follow suit. Phase 7 is a very reliable option to build and to live.
DHA Phase 7’s location is pretty similar to Phase 6 and phase 8. With one side facing Barki road the rest of the phase is in close proximity of Dha phase 6 and phase 8. DHA office complex and Lahore International Airport are easily accessible as well.
DHA Phase 7 Latest Market Trends
DHA Lahore Phase 7 is one of the best real estate investment options for genuine buyers and investor. It always the most popular choice for investors due to its reasonable plots at DHA Lahore. The development work for the project has already been completed. However, Possessions are also available in some blocks. In fact, phase 7 has easy access to the Lahore Ring Road, Nawaz Sharif Interchange, Barki Road, and Bedian Road provide. Which makes this phase more valuable.
DHA Phase 7 Location
It is one of the top phases of DHA for property concern. However, it is ideally located at the prime location. Due to its best location, it attracts more end-user as compare to other phases. However, the property prices are low as compare to other phases. which also the key factor to attract more investor to invest.
10 Marla Plot Prices
10 Marla plot located in lower portions of U, X and Y Blocks. The Plot prices of 10 Marla are much less as compared to other developed Phases.
1 Kanal Plot Prices
Almost 1 Kanal plots in all Blocks of phase 7. The prices of 1 Kanal plots are higher in P Block, R Block, S Block, W block and Z 1 block Close to Phase 7. However, Plot in upper Portion in T, U, X and Y blocks are good location plots. If you have a good budget this is the right place, where you construct your dream house within 2 crores to 3 crores. Since 2018, the average price increase for 1 Kanal plot is 1.57%.
2 Kanal Plot Prices
2 Kanal plot only located in Q block, U block, X block and Y block. The price of 2 Kanal plot varies depending on location and these are very few plots. A continuous fall in the plot price since last year has noted, but now the plot price is gradually regaining.
1 kanal Plot Prices in Phase 7
10 Marla Plot Prices in Phase 7
2 kanal Plot Prices in Phase 7
dha lahore phase 7
dha phase 7
A performance overview of DHA Lahore Phase VII
REAL ESTATE TRENDS3 MIN READ
Among the genuine buyers and the end users looking for affordable plots in Defence Housing Authority (DHA) in Lahore, Phase VII is their best option. Not just that development work here has been completed in many blocks with possession available, its location is also easily accessible via Lahore Ring Road Nawaz Sharif Interchange, Bedian Road, and Barki Road. So how do things appear in terms of market activity in DHA Phase VII at the moment? Let’s find out.
Search Trends
The phase is among the top three most searched DHA Phases on Google Search Trends for plots for sale in the society. Being able to compete with other prime phases such as DHA Phase VIII, Phase VI and Phase IX says a lot about how Phase VII attracts end users. This also reflects the market conditions when genuine buyers take the lead. Furthermore, market rate of plots for sale in DHA Phase VII is much lower in comparison, explaining why a number of buyers find it appealing.
A look at price trends
In terms of price trends, a mixed picture is observed, which also shows how buyers’ preference can shape market trends.
10-marla plots
The phase features 10-marla plots in limited numbers, and in few blocks: Blocks T, U, X, and Y. Quite interestingly, just when 10-marla plots performed better in terms of price appreciation in many other housing societies in Lahore, rates for the same in Phase VII reported a gradual drop.
Since June 2017, average rate of a 10-marla plot here has dropped by 6.2%. Although the price deprecation rate has started to drop in the fourth quarter of the year, the trend is still in the negative. Have a look;
Lahore DHA Defence Phase 7, 10 Marla Plot Price Index
1-kanal residential plots
Unlike their 10-marla counterparts, 1-kanal residential plots in Phase VII have performed better. In fact, market rates for these plots started to increase just when the value of 10-marla plots started to drop. This is an indication of shifting trends towards preference for buying a 1-kanal plot.
The fact, however, remains that the price rise for 1-kanal plots is less prominent than the drop recorded for 10-marla plots. Since June 2018, the average rate of a 1-kanal plot has gone up by 1.57%. It is also worth noting that the upward trends appear convincing to last for the coming months. Have a look;
Lahore DHA Defence Phase 7, 1 Kanal Plot Price Index
2-kanal residential plots
This plot category had a rather bumpy ride, where after seeing a continuous drop in value since March this year, the rates started to recover in the third quarter. While the price appreciation recorded between June and November is rather negligible, the trend is now finally in the positive gradient.
Between June 2018 and November 2018, the price appreciation recorded for a 2-kanal residential plot in Phase VII is modest at 0.16%. It appears that the rates will stay stable to mark the year-end price trends. Here is the graph showing price variations recorded during the year;
Lahore DHA Defence Phase 7, 2 Kanal Plot Price Index
So this was our quick sneak peek into the performance of DHA Lahore Phase VII during the second half of the year. If you have feedback on the article or any query for us, let us know by leaving a comment below.
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