Dear experts, what are your opinions on dha phase 1 extension sector a? Also it seems like sector a is more expensive than other. Do you know why? It seems like they range from 60-70 lac. What other options are there in this range? Thank you for your opinions
People usually ask about the fate of Defense Housing Authority Islamabad and wondered what’s happening in reality? Phases like I and II are very well marked on the ground, but whereabouts of Phases III and IV are yet to be determined?
DHA Phase IV was initially launched as DHA Islamabad Phase I Extension, but it was later called DHA Phase IV Rawalpindi due to various contradictions e.g administrative boundary between Rawalpindi District and Islamabad Capital Territory.
Phase IV is situated near Phase I. It extends itself towards Soan River, opposing Bahria Intellectual Village reaching M2 Motorway Interchange. It also meets Askari 14 as well as Adiala Road. Being an immaculate location, Phase IV has three entries, providing easy access from three different sides of the city.
When it was initially paved off, the project was considered to be a joint venture between DHA Islamabad and Bahria Town and Habib Rafiq (Pvt) Ltd (HRL) was likely to perform its development work.
In 2013, delays in land acquisition occured and lack of any possible way forward between these three major groups, the administration of DHA Islamabad decided to take over the absolute project in hand and it was decided to develop it in two phases. Decisions regarding development work in Sectors A, B, C and D, together spanning 5,143 kanal, were made that National Logistics Cell (NLC) would complete it in a period of 3 years in the first phase. However, development of second phase shall begin right after the completion of the first phase.
The handing over of the project to DHA Islamabad created an understanding that the authority would wholly solly acquire the remaining land itself. DHA Islamabad also finalized by dealing about the land that landowners who would make the full payments of their properties be allocated plots in the blocks developed in the first phase. Re-balloting would take place to allot plots to the remaining applicants later. Initially, the balloting was about to be held in November 2014 but as of now, the DHA has intentions to conduct it in the second half of 2015.
At this instant, it looks that development work of the first phase of the project is supposed to be accomplished by 2017. Speedy work is presently being carried out in terms of development of roads and bridges and by the end of 2015, these sectors will be laid out on the ground.
I would recommend you to utilize these moments as this is the perfect time to buy land in DHA Phase IV as rates are steadily increasing because of the continuous development. The average market rate of 1-kanal residential plots in DHA Phase IV, as of May 2015, is between PKR 6,500,000 and PKR 6,800,000.
Taking this investment in DHA Islamabad most beneficial, Phase IV comes itself along the lines as a golden opportunity since Phases I and II are now fully developed and have less potential for large-scale gains, while DHA Phase III is beyond any development as of now.
The secure location of Phase IV amidst many fine projects such as Askari 14, Attock Oil Refinery, Bahria Phase VIII and DHA Phase I makes it highly popular for investment.
Moreover, the beautiful and the natural landscape of Phase IV is also a major reason for investors and homebuyers for attracting to buy land as future investment there.
Any chunck of information required regarding DHA Islamabad’s Phase IV can be obtained by simply dialing on 0332-4448288.
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