The biggest news about Lahore’s real estate sector broke on May 1, 2015, when the Defence Housing Authority (DHA) announced the balloting date for DHA Phase 9 — May 15, 2015. Since January 2015, Zameen.com has been sharing information with the readers about the expected balloting of Phase 9 in mid-2015, and based on this information a lot of people have invested in these files. Those lucky investors have already bagged an average profit of 34.86%. Congratulations!
Per trends noticed by Zameen.com, the market rates of files in DHA Lahore Phase 9 have been fluctuating since January 2015 and the highest price rise was seen during the last week of March, when the average rate of 5-marla files increased to PKR 2,225,000, while that of 10-marla and 1-kanal residential files touched the mark of PKR 3,325,000 and PKR 5,400,000, respectively.
According to the latest rates, sourced from Safari Estate’s Senior Real Estate Consultant Mr Shafqat Gondal, the average rate of 5-marla residential files (on May 4, 2015) was PKR 2,750,000, which is a rise of 46.66% between January and May 2015. The current average rate of 10-marla files is PKR 4,350,000; a percentage rise of 30.83% since January 2015. The 1-kanal residential file has increase by 26.12% in these five months, and their rate as of May 4, 2015 is PKR 6,350,000.
If we look at the price rise seen before and after the balloting announcement, it appears that the rates have gone up overnight. Just before DHA announced the balloting date, the 5-marla, 10-marla and 1-kanal files were being traded for PKR 2,400,000, PKR 4,000,000 and PKR 5,700,000 respectively. This initial jump, according to Al-Siddique Real Estate Consultants CEO Muhammad Siddique, will remain the most noticeable one as the prices will increase gradually from now on.
Mr Siddique said the price rise in these files will not only slow down, the rate might also go down for a while after the announcement of balloting. “The recent price rise will bring in a lot of sellers in the market and the excess supply will bring the rates down,” he said.
Mr Gondal was of the same opinion, adding that selling files before they hit their peak after balloting wouldn’t be advisable.
Do you own a Phase 9 file? What has your experience been like? Tell us in the comments section below.
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holding power of 6 to 12 keep it , if not time has come to say bye bye files
Thank you for your article Samra,
I have a 5 marla file in DHA phase 9, can you please tell me that when exactly do i have to pay development charges once balloting takes place on 15th
You will get notifications posted on your mailing address shortly afterwards the balloting by the DHA. The development charges in DHA are paid in installments. For 5-marla plots, the development charges are PKR 600,000, which has to be paid in two years’ time.
Dear, please inform the 10 marla developmet charges and how long it have to pay ?
Which plot numbr ??? Phase 9 , 5 marla?? And which price????
Please contact in this email
Zohaibmalik11111@gmail.com
Aoa, Dear Samara can u pl also update on DHA TOWN Possession
Regards
I will do a post on it soon insha’Allah.
Dear samra sahiba,
please give your updates on CDA Islamabad G14/1 development work started or not.???. settlers are still there or moved away. your prompt reply or updates will be greatly appreciated.
best wishes,
ikram Jeddah
Ikram, i would need to consult a couple of agents in order to give accurate information. Please give me sometime and i will cover this sector in detail.
If I am interested to write Blog for zameen.com. Can I?
Dear Samra,
You are little too late in providing this news. we know since 2-May-2015 and todays is 6-may-2015. i dont think price will go down after balloting rather price will go up considring phase-9 featurs and fast track development news from DHA.
🙂
Rates will go up after balloting, i expect the same.
Dear Samra,
I purchased I kanal file in oct last yr for around 50 lacs , do u think the balloting will be fair n square?
OR will army pple get better located plots?
What will be expected rate per kanal after ballot?
Also what are the expected development charges for 1 kanal?
regards
Dear if you are will to sell it please do let me know i am interested in buying.
00971557555735
Please advice
Hi Muzzamil,
Yes. Balloting will be fair.
No one will be preferred over another since it would be done through the lucky draw.
The rate might touch PKR 7,000,000 some time after the balloting.
The development charges for 1-kanal plots are PKR 1,800,000. The amount is to be paid in instalment plan spanning two years.
I bought file around 1.5 years back for around 51 Lakh (1 kanal) and up until early this year didn’t see any increase.
What is the expected price of 1 kanal plot in phase 9 that will end up after balloting?
Ap ki 1-kanal ki file PKR 6,350,000 ki ho chuki hai hai. You can expect it to hit PKR 7,000,000 in a couple of months’ time.
I find it important to say that you should keep a tab on the market if you don’t want to regret being a real estate investor.
The development charges for 1-kanal plot is PKR 1,800,000.
You must stay in touch with an agent, someone you can thoroughly trust, to keep note of what’s happening in the market.
I recommend you take advice of Mr Abdul Shakoor on regular basis, he is CEO of Green Earth Associates: +92-322-8414040.
Wish you a very promising real estate investment journey.
Dear,
Can you please give update on DHA City Lahore which is now called DHA EME phase 2.
Sure Hassan but you might have to wait a while for that.
The information you require is available on this blog:
http://www.zameen.com/blog/current-status-of-dha-city-lahore.html
I already purchased 10 Marla file in DHA 9 but did not pay 37000. So let me know whether My file will be the part of balloting or should I immediately pay for it?
Reply please also at my email,
Regards,
Yaser
Yasir please do it ASAP, pay the remaining dues since the authority might not entertain any such attempts made after the first week of May.
To be on the safe side and protect your investment, pay the dues today and be rest assured that your file will also be among the balloted ones.
Hi all,
I’m interested in purchasing a 1 kanal plot file. If their is any one interested in selling one on urgent basis and willing to quote a resonable price then plz do get in touch with me on ismughal_888@yahoo.com and we can discuss the rest.
Regards.
Dear if you are interested in selling please communicate on bilaldubai@gmail.com
00971557555735
Dear Mr Samara,
Can you please tell following:
1. What is the development charges for 1 kanal plot?
2. When will DHA publish the detail map of phase XI with plots shown (is it before or after the ballot)?
3. Is it still a good time to buy a file if one has not bought it yet before balloting? Or is it too late?
regards
Hi Ali,
The development charges for 1 kanal are PKR 1,800,000.
The map will be available on DHA Lahore’s official website soon after the balloting.
Buying a file ASAP can help you gain some profit since the rates are going up. It’s not too late.
Does anyone knows how long it takes for the possession after balloting? What was the duration between balloting and possession for DHA phase 5, 6 & 7?
Dear Arif,
Phase IX (or Prism 9, as the DHA has now renamed it) is by far the largest DHA Lahore phase ever, spanning 40,000 Kanals of land in the southeastern part of Lahore. It is going to require several years at the MINIMUM for development to be completed, so you cannot expect possession any time sooner than 4 to 6 years at the very least and 10 to 12 years at most, depending on where your plot is located.
Dear Samra
I highly appreciate your sound knowledge on real estate conditions in lahore. Can u plz get me info about DHA Phasse 8 status with regard to its possession time. Will it be wise to hold plot in DHA 8 or shift investment to DHA 9′
Thanks and regards
Bilal
Dear Samra,
I have one Kanal File of DHA Islamabad Can you please tell me the market this time and any development in DHA Phase 2 Extension Islamabad.?
I kanal File = DHA Phase 2 Extension Block-T.
When balletton will be done for phase 9 town
Hello Samra,
Pls advise if i sell a kanal file just before balloting at its peak, do you think the price will come down for some time after balloting, due to various reasons like DHA dues and alocation of plots
What if, after balloting, your plot ends up in a very good location,gaining much higher value than you expected?
I suggest you wait till balloting.
The agents i talked to are of the opinion that rates will continue to increase for a while after balloting because the balloting will itself increase demand of these plots.
Dear Samra,
I have a plot in DHA Phase-9 . Size : 10 Marla.
Please confirm i have not collected Allocation Letter from DHA Office.
will it create any issue in the balloting ??? do i have to come to lahore for this??
also confirm the Land Development Charges for 10 Marla.
waiting for your reply
Regards,
You should get allocation letter as soon as you can as it might cause your trouble latter. Please give Mr Abdul Shakoor a call on +92-322-8414040 to discuss your options.
Dear Samra,
Can you please post an article on the fate of DHA City. Is it advisable to invest there or not. Highly appreciated if you can come up with something on it.
Regards.
The information you require is available on this blog:
http://www.zameen.com/blog/current-status-of-dha-city-lahore.html
The development charges for 10 marla plot is PKR 900,000, the amount has to be paid in two years’ instalment plan.
Aoa,
Kindly mention what are the development charges of 1K. 10m and 5 m. Thanks a lot.
For example if we dont pay development charges how much fine DHA will charge ?
PKR 1,800,000, PKR 900,000 and PKR 600,000 respectively for 1 kanal, 10 marla and 5 marla.
I have no information about the fine imposed by DHA on those refusing to pay development charges of these plots, may be Mr Abdul Shakoor can help you in this regard: +92-322-8414040
Few property dealers told me development charges would be 7 , 13 and 19 for 5-M , 10-M and 1 Kanal plots in Prism-9
Hi Samra,
I know its too early but when do you expect the handover of Phase 9 and its readiness for construction?
Regards
at least 8 years.
Given the fact that full fledged development and possession is being seen at a timeline of 6-8 years what would be the price of a 1 kanal plot say 2 years from now i.e in 2017 when possession is still 4-6 years away ?
I can’t predict the rates as it is a bit too soon but it will be increased substantially by then.
Thanks for the quickie Ma’am. I know that no one can predict the future but based on the experiences from earlier phases can you guesstimate if the price of a plot after balloting and between development:
1) Stays fairly stable
2) Periodically increases
3) Drops down and then tends to increase when development approaches.
Much appreciated.
We haven’t submitted any application for any plot in DHA Phase 9. Can anyone please guide me with the procedure how can i get the plot now?
Thanks
Discuss it with Awais Sattar at +92-324-990-0099.
Dear Samra!
Haven’t seen any thing on commercial plots in ph 9 ? Will dha include commercial plots in the balloting ? What is the price range of 4 marla commercial plot ? What are the likely trends ? Thx n regards.
For Prism commercial, i will do a separate post soon Insha’Allah.
Hi all,
I’m interested in purchasing a 10M or 1 Kanal plot file. If anyone is interested in selling one on urgent basis and willing to quote a reasonable price then plz do get in touch with me on fazal.babar@gmail.com and we can discuss the rest.
Buy it through a reliable and registered agent, i always recommend that.
Hi,
Pls update the rate of 1kanal file in ph 9, as of today…. if you kindly update the price on daily bases, highly appreciate that..
Regds.
Shahnawaz, zameen.com has a dedicated tool to help you ascertain the daily rates: http://www.zameen.com/index/
Aoa,
After ballot of phase 9 either we have to pay development charges at once or 2-3 years installment.
Thanks
3 year installment.
Samra
I have two one Kanal files purchased end january. Would you pl let me know when is the balloting due
I am in USA right now
regs
am
Samra
I purchased two files of one Kanal each of Ph 7. Pl let me know when the balloting is due? I am in US now.
regs
am
Let me do some research on Phase 7 and will get back to you soon, insha’Allah.
Hy Samra,
kindly confirm, if someone bought phase 9 5 Marla file at 27.5 + 56 k transfer fee + 27 k Agent commission = sum of 28.33. what you think, is it wise decision or wrong ?
Second, what can be the min and maximum range for 5 marla price after immediate ballot.
your expert option is highly appreciate
regards
Shahid
Hello there, Looking for commercial plot in ISB on installment. Will be glad to hear on this. Meanwhile, if any good offer of residential plot on installment in ISB or Mansehra. Pls msg me at awansajid@live.com
Can any one advise me the best suitable investment. Should it be in DHA Phase 9 and what would be the fate of Phase 9 Extension which is likely to be converted into Phase 10
Commendable job Respected Samra Zulfiqar and Zameen media. Keep it up.
Samra once you wrote about state life phase 2 which is near DHA phase nine. I bought a plot over there and now nobody knows what is going on .some say a new map is coming .I couldn t get the inside story. pls if u have any information do let me know .thanks
Any news about balloting result of DHA ph -9?
Hi,
The balloting for most part of phase 9 was done in may 2015. There are some affidavit files which were not included in balloting. What is the fate of affidavit files. Is it worth retaining files or better to dispose off and move forward.
Thanks
Dear all
I’m interested in buying 10 Maria residential file in DHA Lahore phase 9. If anyone of you thinking of selling his/her file please contact me on my email rosemary010101@gmail.com. I am looking for a genuine seller and the transaction would be a fair one by cash or bank transfer.
Thank you
Shah
Shah, we have come across several cases of fraud when people try to deal directly in hopes of saving agents’ commission. I recommend you not to do that. Since you don’t seem to be willing to let anyone help you with finding the right agent, please visit the following page, browse it and call the guy whose quoted rate seem fair to you:
http://www.zameen.com/search/results.html?tab_city=1&developer_id=&tab_cat_id=8431%2C&property_type=&tab_type=12&development_id=&sb_price_from=No+Min&sb_price_to=No+Max&tab_price=&tab_sqft_unit=Marla&sb_sel_area=3&tab_sqft_input1=10&tab_sqft_input2=10&tab_sqft_custom=1&tab_sqft_conv_unit=3&tab_sqft=10_10&tab=2&tab_purpose=1&tab_search=1
Hi there samra hope your doing great do you habe any info about new lahore city kindly update
I have bought olot in newlahore city in 2013 paid all payment and still waiting for plot.
I will get back to you as soon as possible.
hi there samra hope your doing great do you have any info about newlahorecity i have 2 plot in newlahorecity and bought it in 2013 all the payment are clear and still waiting for the plots kindly share if you have any updates about it thank you .
salam,
do you have any info about newlahorecity when they are doing balloting im waiting since 2013 kindly share if you have any update thank you
hi
my plot no is C-1519..do you think its a good location??what are the prices now??and how much should i expect after paying the development charges??
thanks
I have budgeted 60 laks Rupees
Please guide me where I have to invest the money.
Please let me know the current prices of 5marla 10 marla and 1 kanal residential plots thanks
Hi Samara Zulfqar,
Please let me know, how much time be required for balloting process and also want to know the probability for overseas.
I submit the application for DHA-Multan from KSA and worried about probability.
thanks
Amer
Dear Aslamoalakum,
please I need your help, I would like to buy 10 5-marla plots for investment purpose, could you please advise me, which DHA phase is good for investment or you can provide me contact no. ,who can help me, regarding buy 5 marla plots.
Regards,
Malik Iftikhar Ahmad from Dubai
my whatsAAP no. 00971-507851255
price of 5 marla plot total..?