Following the teaser about Defence Raya that was rolled out in local publications a few days ago, the Defence Housing Authority (DHA) has finally launched villas and commercial plazas in Phase III of the project.
This time around, too, the authority has adopted its old policy for booking: interested individuals will be required to submit an application form with cash, demand draft and pay order to settle application charges.
The tables below provide details about the charges:
Villas
| Villa Category | Non-refundable | Refundable | Total Application Charges |
| 1 Kanal | PKR 5,000 | PKR 295,000 | PKR 300,000 |
| 2 Kanal | PKR 5,000 | PKR 395,000 | PKR 400,000 |
Commercial Plazas
| Plot Size | Non-refundable | Refundable | Total Application Charges |
| 8 Marla | PKR 10,000 | PKR 490,000 | PKR 500,000 |
| 10 marla | PKR 10,000 | PKR 490,000 | PKR 500,000 |
Application form
You can download the application form here.
Time for submission
If you want to avail this opportunity you need to make the move between May 9 and May 23, 2016. The application must be submitted to all branches of Askari Banks or to Defence Raya’s office in Y Block.
Balloting
According to the official DHA website, balloting to announce lucky winners will be held on June 21 and ballot results will be published on Defence Raya’s website on June 23.
The authority will start dispatching intimation letters to the successful applicants on June 27, 2016.
Prices of villas and commercial plazas
Thirty-three 1-kanal villas, 20 2-kanal villas and 35 commercial plazas are up for grabs. Please see the tables below to have an idea about the prices of the mentioned properties:
1 kanal villas
2 kanal villas
Commercial plazas
Successful applicants will be required to pay 5% of the total price within 14 days of the ballot and 15% within the next 14 days. If you fail to pay either of these amounts, your allotment will be cancelled and the authority will refund your paid amount after a 50% deduction has been made.
Who should consider this opportunity?
Those on the lookout for residential options in a high-end community that boasts a serene environment should consider this opportunity. Obviously, investors can also capitalise on this project because they can earn some gains on booking(s) and instalments, but there are better options for them to consider. For instance, Prism IX is worth looking checking out in the current scenario.
That’s all about Defence Raya’s Phase III for the day. If you have any queries about the project in mind, please feel free to converse with me in the comments section below.
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Well done zain v useful info gud wrk keep it up
All praise is due to ALLAH.
Very expensive society 🙁
Is it safe to apply for commercial plaza without having 20% downpayment? what are the chances will it be soldout right away after ballotting with reasonble profit????? please guide
Hi,
You mentioned that Prism 9 is also an option.
What are the best channels to purchase a plot at Prism 9