Good advice…
DHA Multan already has more than enough land to launch phase I. So there is no land issue as such, but yes they are trying to get as much land as they can before the launch at current rates.
DHA Multan is supposed to have 5 phases and i think currently they are acquiring land where phase 1 and 2 will be built.
Offcourse DHA Multan has more land than need for Phase 1 but the question is more about the pockets left which DHA wants to clear before launching the phase 1. DHA donot pay in cash against the land they acquire but rather give almost 1 Kanal file against 4 kanal land acquired. These files are being traded in the market at the moment.
So there might be some issue in clearing the pockets left in phase 1 but hopefully DHA will be able to close the issue before the end of the year and officially launch the project.
What do you think about this?
http://www.zameen.com/blog/dha-multan-prices-exhibit-upward-trend-as-rumours-of-official-launch-circulate.html
What do you know about this?
http://www.zameen.com/blog/dha-multan-prices-exhibit-upward-trend-as-rumours-of-official-launch-circulate.html
Wat is sourse of this news that the official launch ll b on 14th Auguest.Even if these are ruumours but we did not litsen these rumours.
Secondly Dha Multan officals are saying that they ve already acquired more than 85%.
AOA All respected fellows!
DHA is still in land acquisition phase. I think they were expecting to acquire atleast 80-85% land of overall 9000 acres by 1st Qtr of 2015. Thats why they gave on their website that project will be launched in 1st Qtr of 2015. But uptil now, only 2500 Acres have been acquired.
DHA knows this very well that if they launch phase-1 with 3000 acres of land, the prices of adjacent land, that they yet to acquire, will sky rocket. It is very natural phenomenon that the land owners of adjacent areas will demand more, if project phase-1 is launched. And DHA may not be wanting this. So as a result, its easy for DHA to linger on launching just to acquire more land. And decline in prices of plot files is obviously in favour of DHA.
Delayed launching does not affect health of DHA as in South Punjab, at a distance of 90 KM, they have already launched DHA Bahawalpur. So, why DHA top management will be in hurry to co-launch two mega projects i.e DHA MULTAN and BAHAWALPUR.
It is in the best interest of DHA to delay launching of MULTAN project in order to acquire maximum land at low rates. With delayed launching, file price will automatically be fall down and owners of adjacent land will be discouraged. Thats what DHA wants.
And I also have doubt that Phase-1 is going to be launched very soon. Its also may be a rumor. Does DHA confirm this?? No. I talked at their helpline (062-111-111-189). They said we dont have any such plan. Its a narrative by Dealers / Investors who want to artificially increase file prices by these tactics. Sorry to say this. I am not saying Phase-1 will not be launched. DHA, at some level, may have decided to launch the Phase-1 or Phase-1 and 2 together. But not in near future. It may take some more time.
RA Khan
Why do you think that having lower file prices will encourage the people in surrounding areas to hand over their land to DHA?
I would say it is rather opposite. Higher the file price more willing are the people to trade their land with DHA and sell these files in the market for immediate good returns.
How would DHA would accommodate all the files in PH1? Since DHA has purchased more land than required so there would be extra file
Just an off-topic update re Multan.
Now there are four international airlines operating from Multan Airport.
Emirates
Qatar Airways
Air Arabia
FlyDubai
Can bring a good economic impact on the city including probably the real estate.
Www.facebook.com/MultanAirport
Do you believe if this is a good time to enter into DHA Multan or will the file rates come down any further?
I think its the best time and probably the last opportunity to grab a kanal file at this price.
I quite agree with you Bilal, the prospects of Multan DHA are excellent. Time to go for it!
As you have rightly pointed out Multan is gaining in importance. Lots of National Assembly seats in Multan District plus important politicians.
Even Bahria will come to Multan, but hard to beat the exceptional location of DHA:- Right next to BZU and touching two most important roads! And on top of it Multan Bypass Road is not too far either.
In Wapda Town Phase 1 which is nearby, one kanal is 1.5 crore! DHA will cross it in the future. InshaAllah.
Thank you for your input guys. Appreciate it. Jazak Allah
What price should I expect to pay for the file and will there be any transfer charges?
Paki-1 and MBS, Thank you for the update
Can you please clear on this, are there not more files in market as compared to required for PH-1 balloting? How these extra files will be accomodated? do these files will be part of ph-2.
Mudassar bhai, as far as we know, these files in the market are those that are issued against actual acres of land given to DHA.
For every piece of actual fertile land you give to DHA, you get no money. All you get is a piece of paper called 'file'. The number of files you get for a given piece of land depends on which area you provide land in. If it is in level good area, the rate of files per acre is more etc etc. Then you put these files in the market through netowrk of property dealers registered with DHA.
So this means that there should be no extra files in the market. But this is what we know. May be the inside story is different. At least I know Bahria issues more files even before it has acquired the land. I have told you based on what i know, but I am not fully sure about exactly what DHA is doing in Multan. May be someone should ask Brig Hammad who is the Project Director.
But I think, when you invest in DHA Multan, hopefully it will be safe. They will have to do this project as an excellent one because this will make or break their reputation for the future of DHA Bahawalpur as well.
PK1, Thank you for response.. But please see below case
As per DHA PH-1 will consist of 2500 acres out of 9000 acres.. Now DHA has purchased 70-80 % (safely can say more than 6000 acres) of total land.. Which means there are more files in market.. So it may be possibility that files belong to PH-1 2500 acres will only be balloted and rest will be next phase..
does it make sense?
Sir against 6000 acres you get fewer files obviously though I don’t know exactly how many per acre (perhaps MBS can comment). So these fewer files can all be adjusted in the first phase.
Copied and pasted from DHA Multan website:
WHAT ARE THE LAND BUYING RATES OF DHA?
DHA Lahore Multan Chapter does not buy land on cash. Land is acquired from any land owner/Investor against exemption rate i.e issuance of 1 Kanal (i.e 500 Sq Yards) Residential plot file(s) against 1 acre of raw land. Numbers of files are negotiated on basis of quality, quantity (i.e in contiguity) and location of offered land.
So this means--600-900 files out of whatever number of plots the phase 1 is comprised of. So no worries.
@Zubair, only 600-900 files in the market as per your assessment and yet prices are not going up. We talk of huge investors interest from Karachi to peshawar in Multan DHA etc etc. It simple economics of supply and demand.There is something wrong either with this number and with investors:)