Located in Defence Housing Authority (DHA)’s Phase VI, Defence Raya is a high-end residential community featuring luxurious 10-marla, 14-marla, 1-kanal and 2-kanal villas.
Recently, DHA rolled out a teaser about this project in prominent newspapers. Does this teaser mean that DHA is trying to promote Defence Raya because the sale-purchase activity in the locality is relatively slow? No, it means something else.
According to an unofficial source, DHA is set to launch new 1-kanal and 2-kanal villas and 8-marla and 10-marla commercial plazas here in just a few days. However, let me make it clear that DHA’s teaser did not mention the launch of these properties. So, I suggest you adopt a wait-and-see policy for a few days.
And what do you think the prices of these new properties will be? Well, again, you have to wait for the official launch.
Phase I of Defence Raya is fully developed, while only a few villas have been built in Phase II. DHA is gradually handing over possession for villas in Phase II.
Should you invest in these villas?
Before giving my personal view on the investment potential of Defence Raya, I would like to share with you the market price of the villas in the locality:
|Villa Category||Market Price|
|10 Marla||PKR 15,000,000 to PKR 17,000,000|
|14 Kanal||PKR 22,500,000 to PKR 27,500,000|
|1 Kanal||PKR 41,000,000 to PKR 45,000,000|
|2 Kanal||PKR 62,500,000 to PKR 65,000,000|
Note: These rates have been provided to us by an agent dealing in the locality.
Let’s discuss the investment potential of Defence Raya now.
I don’t think that Defence Raya is worth considering for investment for two reasons:
1) You must have big budget to buy a villa in Defence Raya
2) The prices are unlikely to increase rapidly
But for home buyers who wish to live in a serene environment and enjoy all the luxuries of a high-end residential community, Defence Raya is a simply brilliant address.
For investment, you should still consider Prism 9 (DHA Phase IX), which is witnessing good investment activity on a daily basis and where prices are increasing gradually.
If you have further queries about Defence Raya and other investment options in DHA Lahore in mind, please feel free to converse with me in the comments section below.