For those who have invested in DHA Lahore’s 9 Town (also known as Shuhada Town), there is good news. According to Rana Estate Advisor Chief Executive Officer Mr Rana Muhammad Aslam, the developer will hand over possession in Shuhada Town by the end of this month – on May 30 to be precise.
Though the DHA has not yet announced it officially, Mr Aslam is fairly confident that possession will be handed over on May 30. He tells us that authentic news of possession in 9 Town has been circulating among estate agents for a while now.
Please note that 5-marla plots and files are available in Shuhada Town, only balloted plots will be given possession. Mr Aslam tells us the balloting of the remaining 5-marla residential plot files and 4- and 8-marla commercial plot files will likely be carried out within 3 months.
The sale price of 5-marla plots in the locality currently ranges between Rs 4,500,000 and Rs 6,000,000, while a 4-marla commercial plot file is valued at around Rs 21,000,000.
It is being expected that the value of 5-marla plots will spike up to Rs 7,500,000 after possession. This makes Shuhada Town a truly brilliant short-term investment opportunity with amazing potential returns on investment.
And those who have held their investments in the locality for quite some time now, I would suggest them to hold their plots just a little longer until the expected date of possession and take any selling decisions after that date. Those who have money available to invest, this is the right time to make a move and buy a 5-marla plot in the locality.
Please be advised, though, that this possession date is still not official and my experience says that even though rumours about DHA’s announcements generally hold true, it is still better to take them with a grain of salt. So please take any investment decisions at your own risk.
If you would like to discuss the possession rumours in Shuhada Town further, I am available to have a chat with you in the comments section below.