Featured Projects
Park View Villas Lahore
Defece Villas 2 DHA Islamabad Phase 1
DHA City location?
No official announcement or phone call or personal visit answers from DHA EME sector management. Since I have no official answers I will only GUESS and my GUESS is as good or bad as any other visitor here. MY GUESS is DHA EME sector management is not officially disclosing the exact location due to fear of not getting pockets land cleared on decent prices. My personal research have showed me they are buying land starting from Eden Value homes land near SHAHPUR KANJRAAN VILLAGE on back of Park View Villas Multan road to all they way down upto CHUNG village in between Multan road and Ravi river banks. Since DHA City Lahore have not officialy announced the location yet they have choice to give you plot even in or near Central Park on Ferozpur road. You also have a choice not book or buy plot in DHA City until you officially get a location map for DHA City Lahore. You have option to buy WHEN all these answers are available. Please please please dont blame me latter if DHA City Lahore location is not 100% same as I gave you above because I got nothing to gain or loose from giving this location to you. i am a common man like you that work 16 hours a day to earn living for me a my family. If I was so powerful or rich or corrupt I wont be siting here talking to you on this web page.
Development charges?
Again no official info is available from EME sector management so I have to guess it for you. Looking at most recent DHA Lahore phase 8 development charges I believe they wont be less than 10 lacs for DHA City Lahore. So we can safely say they will be between 10 and 15 lacs due to inflation rate increases etc. I wish and pray and will be a gift if they are less than 10 lacs per kanal.
When the development will be started and time line of completion?
I think not all land is in possession of developers at this point other wise they would given you the location map with their ads. I think this project development could not be started before 2 years and may take minimum 5 years to get developed. Only invest keeping in mind this is min 5 years before you get a developed plot.
Is it a safe investment?
DHA Lahore and DHA EME sector are two separate projects. DHA City Lahore is NOT a part of proper DHA Lahore like phase 1 2 3 4 5 6 7 8 9 etc. Both have independent managements. DHA EME sector does their own development,They have their own by laws and do their own transfers but only a highest level DHA EME sector comes under DHA Lahore proper supervision. Other than that DHA Lahore have no control or responsibility for what DHA EME sector management want to or is doing. To date DHA EME sector management have done a wonderful job for their scheme that is on Multan road Lahore. Excelent development – Qabza group free – fraud free transfers and superb up keep of this scheme DHA EME sector is an evidence that this scheme is well run.
DHA City Lahore is a military scheme using DHA Lahore EME sector name means no one is going to run away with your money.
Is it a good investment?
I wish I had answer for these questions before giving answer of above question.
How many total plots? How many 1 kanal 10 or 5 Marla plots? What is location of scheme? How master plan layout looks like? When it will be handed over to me.
Since all this info in not available at this point I will have to guess and guide you based on just my own experience in this field.
If any one want to invest here for short term gains immediately after the ballot I dont he will be able see any good profits before 1 to 2 years after ballot. I wish I will be wrong but I think prices will fall after booking or ballot. It dont meen it wont be booked. It will be well over booked in my opinion. 100s of People are are standing in lines to book plot daily. Almost every dealer in Lahore have make shift camps set up near booking office because EME is offering 2% commission for booking via registered dealers. Call volume from people want to book these with help of Lahore Real Estate is good.
Problem is 1000s of buyers that wanted to buy DHA City Lahore in near future may have already booked it directly with developers so Its very unlikely they will buy it from open market immidaitly after ballot. Many people are booking 2 3 4 5 6 even 10 plots when they don’t want to keep even one plot. They want to get rich quick. These people will be heavy sellers near each installment and real smart educated solid buyers wont show up until after DHA city location map is out development charges are known and development started and layout map is out. These get rich quick people will get hurt like DHA Valley guys and likely to drive the price down during first one or two year of booking/ballot. Price is not likly to rise because 1000s of plots in all sizes will be available for sale in each size after the ballot/booking. Looking at TV and newspaper ads and amount spent on advertisements I think DHA City Lahore will have min 15000 20000 plots. Why I think there will be thousands of plots and they will be on loss. DHA phase 8 have less than 250 plots of 5 Marla. There were many people that want to have plot for making house but still there are dozens of 5 Marla plots in market.Short term ivestors are now sellers and they are asking to sell at profit of Rs 1 to 1.5 lacs but not to many buyers. I have a DHA 8 5 marla plot Y292 for sale at just 75000 profit on paid amount. But even with just 1.5 lacs installment we are unable to find any solid buyer at this time. How will we be able to find buyers when there will be 100s or perhaps thousands of plot in market with no location no development plots. Here is DHA 8 we know map we know location we know development time but buyer is still not buying yet. So I think if you are a short term profit taker it not impossible but unlikely to get profit in DHA City Lahore.
If you are a person that want to build a house in a good neat secure safe place in future or you have power to pay installment for next 2 3 for each plot you are going to hold You could safely apply in DHA City Lahore keeping in mind not to expect any quick profit in 1 to 2 years after ballot/booking. In long run this will be a great investment. You will have DHA name DHA bylaws and DHA development standards DHA fraud free transfer DHA Qabza group free plots. Your money will be safe with a military scheme. It wont be a ONE MAN show. Lets assume DHA City 5 Marla will have 3 lacs development charges. Your total cost of 5 Marla plot in INSTALLMENTS IN YEARS will be just 13 lacs. What could be better than this. Please tell me any place in Lahore with name of DHA a developed plot will be available in this low price after 5 years from today?
Continued
Ch Mujahid Yasin ( CMY )
03224009967
http://www.lahorerealestate.com/ads/comment.php?gb_id=59020
