In recent weeks, a surge in DHA Valley Islamabad prices has been seen primarily because of two reasons. The first reason is an interview clip of Mr Malik Riaz was aired on various TV channels in which he said that by the end of 2015, possession of 1,000 properties in DHA Valley would be handed over to the owners. The second reason is DHA Islamabad’s advertisement of DHA Homes on various TV channels. These two aspects have combined to raise the prices of DHA Valley property considerably and, in some cases, to an exaggerated level.
Dealers are attracting potential clients based on the following assumptions:
a) DHAI Homes, located in Oleander Block. are likely to be handed over during the initial phase of possession.
b) The entire Oleander Block and surrounding blocks are likely to be handed over.
This market logic sounds attractive to all parties, such as owners of DHA Valley properties that have been stuck for a while, DHA Islamabad itself as it will be able to hand over the DHAI Homes that have been ready for some time and causing the developer maintenance expenses, and low-income potential investors who see a cheap housing option in Islamabad.
Just imagine, a DHAI-built 5-marla home around PKR 2.6 to 2.8 million, an 8-marla home for PKR 5.3 to 5.5 million, and 8-marla plots around 1.2 million. Compare these prices with surrounding localities, particularly Bahria Town, and this all starts to look very good.
With all this happening, please consider that supporting infrastructure of Oleander Block and even other sectors will take time to be developed completely. Litigation issues on land acquisition also still remain.
Nevertheless, with all these things going against it, the army is determined to resolve all issues of DHA Valley in within 2 or 3 years’ time, maybe prior to the departure of the current Chief of Army Staff (COAS) as he has been made aware of the problems being faced by the investors of DHA Valley. That is the hope, at least.
Therefore, don’t throw away your properties out of frustration just yet and don’t invest on exaggerated prices. Follow a balanced pace and you should be fine.