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Plots in developed phases of DHA Lahore up for grabs - Zameen News
 

Plots in developed phases of DHA Lahore up for grabs

February 16, 2016 • news

investment opportunity in DHA Lahore

investment opportunity in DHA Lahore

The Defence Housing Authority (DHA) Lahore is witnessing excellent sale-purchase activity these days. Not only that, the locality is also seeing a steady increase in property values, which makes it one of the most sought after addresses among investors.

In order to satiate the desires of those on the lookout to bag good returns on investment, the authority continues to offer new projects time and time again. It recently launched DHA Penta Square, an apartment complex in Phase V which received an immense response from investors and prospective residents. And now, the authority has offered residential and commercial plots in developed Phases I to VI.

According to an advert, residential plots of 10 marla, 1 kanal and 2 kanal and commercial plots of 2 marla, 4 marla and 8 marla are up for grabs.

You can also apply for the limited number of plots using the form below:

Application form (Right click and select ‘Save Target/Link As’)

The last date to apply is February 29, so if you are interested, you need to make the move before this date.

You simply need fill out this form and submit it to any Askari Bank branch along with the payment (in cash, demand draft or pay order made to ‘DHA Lahore Ballot 2016’ a passport-sized photograph, and two photocopies of your computerised national identification card or overseas national identification card.

You need to pay the following amount for respective plot categories:

Residential plots

Plot size Non-refundable amount Refundable amount Total
10 marla PKR 10,000 PKR 20,000 PKR 30,000
1 kanal PKR 15,000 PKR 35,000 PKR 50,000
2 kanal PKR 20,000 PKR 80,000 PKR 100,000

Commercial plots

Plot size Non-refundable amount Refundable amount Total
2 or 4 marla PKR 10,000 PKR 40,000 PKR 50,000
8 marla PKR 25,000 PKR 75,000 PKR 100,000

Balloting

The best part of this offer is that DHA has already announced the ballot date, and that is: March 17, 2016.

Categorisation of plots

DHA has categorised the plots in two categories: A and B. Category A plots are the standard plots with regular dimensions. They may have excess area or short area.

Category B plots, on the other hand, are non-standard plots, which may have irregular dimensions and extra or short area.

However, the good part is that DHA has adjusted prices of plots accordingly. Therefore, you do not need to worry about area and dimensions.

Details of plots

DHA has already shared details of the plots to be allotted on its website. You can download the PDF files containing information about residential and commercial plots below:

Residential plots (Right click and select ‘Save Target/link As’)

Commercial plots (Right click and ‘Save Target/link As’)

Instalments

Successful applicants are required to pay 25% of the total amount within 30 days of the ballot and the remaining amount is payable in four quarterly instalments in accordance with the timeline mentioned in the intimation letter. Furthermore, DHA will offer you a 5% discount if you make a lump sum payment.

Should you invest?

The prices of these plots are already high because they are being offered in developed phases. Even then, I believe this is a considerable opportunity because the plots are being offered on instalments. And if you want to live in DHA, you must take this opportunity seriously.

Still have any further queries in mind? Please feel free to converse with me in the comments section below.