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Why Buy a Plot in DHA Multan?

Multan is the largest city of South Punjab and holds great significance in the economics of the region. In accordance with the city’s prime importance in regional geography, DHA Multan was launched back in 2017. Ever since then, the real estate market of Multan has become a popular sector for investors from all over Pakistan as well as Pakistanis based overseas. The project is deemed one of the most rewarding options for investing in the properties. And it also stands true that the value of the land in the vicinity of DHA Multan on Bosan Road and Mattital Road has gone up. Looking to cash the investment buzz DHA Multan has created, many private real estate developers have also started to acquire land close to DHA Multan to launch their respective housing societies.

Types of Plots in DHA Multan

Like all DHA projects in Pakistan, the prime plot category in DHA Multan is 1-kanal. But since it is the developer’s first project in the city, the society also features 5-marla and 10-marla plots. Ever since the society launched its plots on an instalment plan, the price of plots for sale in DHA Multan has been going up. That also stands true for plot files already being traded in the market and the new files issued against the land DHA continues to acquire for its upcoming phases. Buyers have several options to consider; both in terms of plots on instalments and plot files available on cash. At the moment, development work is underway, which makes a DHA Multan a comparatively more popular option among the investors. But the situation is soon to change as the community has promised to make the society liveable by 2019, by the end of which, the developer will be offering property possession for a couple of blocks. Until that happens, most of the buyers interested in a plot in DHA Multan will be short to medium term investors. The demand for land in DHA Multan is also expected to grow further as the market sentiments regarding the planned ballot for allocating plot numbers to these files is also getting stronger.

Sale Price Trends for Plots in DHA Multan

Since investors like to trade in smaller plots, the premium on a 5-marla plot is higher than that reported for 1-kanal residential plots. But as the society is primarily carved around 1-kanal residential plots, this size will be the ultimate gainer in the due term. Those interested in buying 1-kanal plots in DHA Multan will be paying the amount paid in terms of down payment and instalments by the owner plus premium. The new buyer will of course be required to continue with the payment plan. The market price of a 1-kanal plot in DHA Multan, as of Oct 2018, is PKR 4,650,000. The premium on a 5-marla plot for sale is PKR 470,000, while that on 10-marla plots is PKR 520,000. The chances of DHA Multan plot prices going up in the near future are high due to the planned ballot, which is expected to take place this year.

Facilities, Shopping & Restaurants in DHA Multan

DHA Multan will be introducing many new trends in the real estate sector, especially in terms of luxury living. It will be home to an international standard 18-hole golf course as well as purpose-built sports facilities. Blocks here will have their own commercial areas and that would be in addition to offering a state of the art central commercial market. Defence Housing Authority will also bring on board several international standard schools and education facilities, some of which will be opening their first branch in Multan. The next several years will continue to see the addition of plush recreational and shopping facilities in Multan, where DHA will be at the centre stage for new businesses heading to the city.