DHA Valley, which I thought would be quiet little development in Islamabad, turned to be a really huge project. The project is planned to stretch over thousands of kanals of land and so far, only 45% of it has been acquired. But before DHA acquires all of the land it needs for the project, concrete infrastructure development in DHA Valley is not possible.
Although the project was announced several years ago, the acquisition of only 45% of land until now is what has alarmed many. People have now started questioning the reasons behind these unexplained and painfully long delays in acquisition of land for DHA Valley. Before these differences between the DHA authorities and some well-known people and important public figures find their way into public discourse and create further problems for all involved, I believe the matter should be resolved.
Even though development is slow, it is ongoing, so we cannot question the intentions of DHA because the blocks for which land has been acquired are being developed at a constant pace. These blocks include Lilly Block, Oleander Block, Magnolia Block, Sunflower Block, Tulip Block, Zinnia Block, Marigold Block, Bluebell Block, and Lavender Block. The road infrastructure in these block has been developed and the rest of the work is in progress.
Another reason why the development in DHA Valley is a bit slow is the halted work on DHA Expressway. DHA Expressway will connect DHA Valley directly to Islamabad Expressway. The news about development of Dadocha Dam on Ling River has caused this delay and the construction of DHA Expressway has stopped in the middle. Some agents and investors believe that announcement of Dadocha Dam has further complicated the situation by acquiring a big chunk of DHA Valley land at the dam’s proposed site.
The sad part is that as of now, no one is really sure when these disputes in land acquisition will be resolved and DHA Valley will be able to move forward with its development plans. At the moment, you will not find a lot of people convinced of investing in DHA Valley since many of them already know what’s going on here. The rest who find themselves convinced to make a purchase in this development are lured by the cheap property rates of residential plots. The property here is the cheapest you can find in Islamabad (or Rawalpindi, technically).
For those looking for long-term property investments, investing in DHA Valley right now would seem justified but if you are already frustrated at the slow pace of development and the uncertainty that has made this project a less promising one, you should not expect the rates to climb overnight. Selling your plot in DHA Valley as soon as you find a decent deal could be the best option for you.
Since January 2014, the values of 5-marla and 10-marla plots in DHA Valley have dropped by 13.60% and 4.94% respectively. If you compare these rates with the peak rates recorded in the mid of 2013, the drop in sale prices is even steeper. Let me also tell you this: DHA Valley is perhaps the only reasonable development around Islamabad where you can find property at such low rates. Once these issues are solved (no one has any idea when), property rates here will shoot up. If you can afford to patiently wait for that time, you must retain your property in DHA Valley.
Meanwhile, the authorities of DHA Islamabad should also be mindful of the investors’ concerns. If you have any information to share with me about DHA Valley, please use the comments section below.