Budget impact on prices of DHA Lahore Phase 9 Prism
Assalam Alaikum, Lahore Real Estate Community! I am Salman Masood from Lahore Real Estate, here to discuss the impact of the recent budget on DHA Lahore Phase 9 Prism. For more information, contact me at +92 322 4009967.
Budget review
The budget was announced on 12th of this month. Analyzing its impact on us. The real estate marketEspecially in phase 9 prism. Our previous videos have provided general updates on the pros and cons of real estate budgeting.
Phase 9 prism values
- FBR Value: About Rs.50 million.
- Market Price:
- 1 Kanal Plots in A and R Blocks: Around Rs 15 million.
- Other blocks: About Rs.12.5 million.
Despite the stagnant market, FBR rates are likely to rise modestly, though not significantly.
Impact on property values
FBR Valuation: The FBR value of properties in DHA Phase 9 Prism is currently lower than the market value, resulting in no significant impact on buyer and seller costs. However, the value of FBR may increase marginally, which may increase acquisition costs for buyers marginally.
Tax changes
Capital Gains Tax:
- A new tax of 15% has been introduced on short-term and long-term capital gains, except transfers between family members.
- This tax will not significantly affect the DHA Phase 9 Prism as most of the holdings are long term (more than 30 months) and thus exempt from this tax.
Other Fees:
- There is no change in transfer of fees, membership fees, or stamp duty in DHA Phase 9 Prism.
Block wise rates of plot prices till 24 June 2024
DHA Lahore Phase 9 (DHA9P) Plot Prices Based on Block Wise Rates:
| Block | Plot size | Minimum Price (PKR) | Maximum Price (PKR) |
|---|---|---|---|
| Sec-A | 1 Kanal | 218 | 255 |
| Second B | 1 Kanal | 160 | 205 |
| CC | 10 marla | 120 | 135 |
| CC | 1 Kanal | 155 | 245 |
| Second d | 1 Kanal | 170 | 265 |
| Second d | 2 canals | 665 | 850 |
| Second-e | 1 Kanal | 140 | 240 |
| Second F | 10 marla | 128 | 150 |
| Second F | 1 Kanal | 210 | 270 |
| Second G | 1 Kanal | 215 | 250 |
| Second-H | 1 Kanal | 160 | 245 |
| Second-J | 5 marla | 50 | 67 |
| Second-J | 10 marla | 117 | 130 |
| Second-K | 5 Marla | 65 | 87 |
| Second-K | 10 marla | 120 | 160 |
| Second-K | 1 Kanal | 180 | 210 |
| Second-L | 10 marla | 103 | 140 |
| Second-L | 1 Kanal | 150 | 225 |
| Second-M | 1 Kanal | 165 | 220 |
| Second-N | 1 Kanal | 155 | 235 |
| Second p | 5 marla | 55 | 64 |
| Second p | 10 marla | 125 | 135 |
| Second p | 1 Kanal | 150 | 245 |
| Second-q | 5 marla | 95 | 100 |
| Second-q | 10 marla | 170 | 175 |
| Second-q | 1 Kanal | 210 | 255 |
| Sec-R | 5 marla | 65 | 93 |
| Sec-R | 10 marla | 130 | 175 |
| Sec-R | 1 Kanal | 185 | 210 |
This table summarizes the minimum and maximum plot values.
Investment recommendations
- Long Term Holders: Those who bought before June 30, 2024, will not be affected by the new capital gains tax.
- New buyers: Holding for 2-3 years is advised for better returns.
Market trends
- interest rate: Expected to fall below 12%, likely to spur market recovery.
- Transfer Activity: Currently low, averaging 20-22 transfers, but may increase to 100-200 with positive market changes.
Result
Phase 9 Prism is a stable investment with no significant depreciation expected. While short-term gains are challenging, long-term holders can expect good returns. For more information or to buy/sell plots, contact me on +92 322 4009967.
Read more: https://lahorerealestate.com/dha-lahore/phase-9-prism/
