Defence Housing Authority Multan (DHAM) has received a lot of attention from investors and homebuyers alike. Those who have been waiting anxiously for news on the project should know that the ballot for DHAM plot files is being held today.
It is the first ballot the developer is holding to pick successful applicants. DHAM plot files are available on a three-year payment plan. The project was officially launched on March 4, and the authority invited applications for 5-, 8- and 10-marla and 1- and 2-kanal residential plots. In addition, 4- and 8-marla commercial plots were also on offer. The last date to submit the applications was March 31.
High demand, low supply
Being one of the most happening real estate developments that dominated the first half of the year, DHAM has kept the property game up in the city. The project invited enthusiastic investors and avid buyers from around the globe. According to my sources, over 300,000 applications were received by DHAM against approximately 7,000 plots (a number that DHA is yet to confirm).
Previously, DHA Peshawar received similar response, where the number of applicants was much higher than the limited plots being offered on instalments. Since the number of applicants was far greater than the units being offered in DHA Peshawar, many thought that the results had been fiddled with.
Did you make it?
Many of DHAM’s registered property agents have set up hotlines to help clients find out if they have been lucky in today’s ballot. These agents will get access to the final list of successful applicants today, while it will take some time before the results are made available on the official DHAM website.
If you haven’t already been in touch with an agent who can help you in this regard, you may get in touch with one of the DHAM’s registered dealers featured on Zameen.com. For this purpose, you would be required to share some information with the agent, including your name, CNIC, bank receipt number and the plot type and size you applied for.
Expect the unexpected
In terms of ballot, the only factor that counts is luck.
Everything else is variable, including expected profit on different plot categories, the effects of ballot on affidavit files, and if there will be a rise in number of people interested in instalment files.
DHAM has mostly turned out to be unpredictable. For instance, just when many property experts thought that market rate of a 1-kanal plot file would touch PKR 6.3 million (before the project’s official launch), the file rate started to drop as soon as it touched PKR 5.7 million.
Furthermore, many also expected that since the launching rate of a 1-kanal plot file on instalment is PKR 6.8 million, the market rate of a 1-kanal affidavit file should also increase. At the time of the project’s official launch, the average market rate of a 1-kanal affidavit file was PKR 5.4 million. Unlike how some people expected, the rate started to plunge and it went down to as low as PKR 4.7 million. At the moment, it rests at 4.9 million.
What do property experts expect?
- Short-term investment opportunity ahead
The announcement for the ballot results is bound to bring along high demand for successful applicants. This gives successful applicants an opportunity to raise the value of their application by asking for a desirable price. Some believe that in the case of residential plots, the asking profit could be PKR 100,000 per marla. According to some analysts, the asking profit on commercial plots could go up to a couple of million rupees.
In other words, a short-term investment opportunity is about to present itself in DHAM. In order to make use of this situation where many active investors may be looking to make some quick bucks, you would require more than luck. Therefore, keep in touch with the market.
- Watch out for the plunges
This sentiment rests on the fact that successful applicants will have a limited time to cash on their luck. It will not be long before DHA will ask successful applicants to make their down payments.
In any housing society, the activation of the payment plan is the time when many short-term investors exit a project. With many sellers becoming active in the market, rates are bound to plunge. The drop in rates does not affect long-term investors and genuine buyers, but it does harm the interest of short-term investors who fail to gauge the situation correctly.
- Keep a tab on affidavit files too
Just when property rates of 1-kanal affidavit files in DHAM Phase-I started to go up ahead of the project’s official launch, rates of 1-kanal files in DHAM Phase-I Extension also shot up. In other words, due to the trade activity that is expected to begin after the announcement of the ballot results, the rates of affidavit files will increase. The rates of these affidavit files have already seen major drops, which makes them ready to prepare for another jump.
I would like to know what you would do with your plot file if you turned out successful in today’s ballot. Let me know through your comments.
I will keep the plot ….
I will keep It ….
Which could mean you are an end use or a long term investor.
Will cash out my file… As I have an intention to gain quick profit.
Very nice and comprehensive analysis by Samra. She almost included everything in above analysis which general investor is interested to.
Should one hold the plot in DHA Multan
Results to be available on website soon.
I just applied to try my luck. Even forgot what was the payment plan 😉
We waited almost a year on this investment and now will be the time to reap profits.
DHAM provided a ripe platform and we invested in it a year ago. Now is the time to reap the profits out of it.
How much own would you like to see on your plot category?
How will they announce the results
When and How will they announce the results of draw
Sell your plot and exit as quickly as possible. Most of the files are held by people who are from outside Multan and not interested in Multan long time.
Second thing many more files and plots will be issued later as this ballot only included few plots. This will increase supply later and decrease prices
Book profit and exit before prices drop
The advice sounds genuine, but we should wait till the market makes a move.
Time to book profits and exit Multan
Most of plot holders and file holders are not from Multan and only short-term investors.
Plus size of project is very huge 9000 ACRES and more ballots will be held and more files will be issued continously as only 1000 acres were in this ballot.
Hence price will always remain under pressure and may fall further as more files get issued.
That’s an interesting analysis, but when should investor actually make an exit? Deciding on that is crucial.
Sell as quickly as possible, many people will be dumping plots for short-term gain and moving back to their own city for investment. Only people from Multan will hold for long-term. Very big project, more plots will keep coming in market
Yes only short term investors in Multan, not interested to remain long time. Less plots in this ballot , remaining plots will keep coming for 2 years as only Sector A now.
So price will go up for little while, but go down every time new file issued.
Better to take out money and invest in big city like Lahore, Karachi, Islamabad
when will be the next phase launching ….?
Any Idea
Is there 2nd phase launching …?
I do not agree with the analysis. In my opinion DHAM is a project which has a huge potential for both short term as well as long term for the next 5-7 years. DHA will continue opening new phases and keep their investors engage in short term as well as long term profits. Once new phase will be launched the earlier phase will have a price increase automatically. I think now until next ballot the extension and allocation files business will be increased. However short term profits cannot be made so quickly as unless DHA gives any document to plot winners they cannot sell to anyone and they can only get document of DHA after they deposit the down payment. So I dont see any other big project in Lahore, Karachi or Islamabad to give profits like DHAM will produce for its investors in next 2-3 years especially.
I do not agree with the analysis. In my opinion DHAM is a project which has a huge potential for both short term as well as long term for the next 5-7 years. DHA will continue opening new phases and keep their investors engage in short term as well as long term profits. Once new phase will be launched the earlier phase will have a price increase automatically. I think now until next ballot the extension and allocation files business will be increased. However short term profits cannot be made so quickly as unless DHA gives any document to plot winners they cannot sell to anyone and they can only get document of DHA after they deposit the down payment. So I dont see any other big project in Lahore, Karachi or Islamabad to give profits like DHAM will produce for its investors in next 2-3 years especially.
Beautiful and informative article written by SAMRA ZULFIQAR, Thank you for sharing!
Dear Investors (only Suggestion),
Kindly hold your Plots in DHA Multan, it is not advisable to sell your plots,it is very close to BZU, Buch Villas and many other Commercial Institutions, invest as much as possible as surrounding prices and towards all four direction are increasing month by month, in the past anyone can buy One acre agriculture land within 5, 10 lakhs, but at present, it touched to 3 to 5 crore Pak rupees.
My best wishes,
Farooq
Dear can someone confirm me that is balloting conducted of DHL Multan? or how can we check that we are successful or not?
I think, the prices of DHAM must fall drastically. History is going to repeat itself. DHA like Karachi prices fell down after balloting. See the same pattern is was followed by all DHAs including Bahawalpur, Peshawar, Lahore and Islamabad.
Hence, going prices up forthwith does not seem to be a viable option. Yes prices are likely to go up after a span of 3-5 years.
I want to buy a 5MARLA plot file in DHAM. i AM AN OVERSEAS PAKISTANI. PLEASE ADVISE
Dear Saad
Please go to DHA Multan website and you will find a portal. Put you NIC there and get the results.
Regards
Pervez Minhas
Dear Saad
Please go to DHA Multan website and by putting in your NIC you can find the luck.
Pervez Minhas
I participated in DHAM balloting and was unlucky.
I wanna invest in 5/8 Marla plot with a down payment upto 500k and then on Installments . Which area/society is best for such investment where I can get healthy profit after 1.5/2 years.
Any Suggestions
Thanks
what you predict for dha khi khi ballot ? as already available plots rates are falling..so is it worth going or if u get lucky just sell file …