DHA City Lahore has been riding on the wave of ambiguity for a few months. The reason is obvious: file transfers are temporarily at a halt and the society’s case is being probed by the National Accountability Bureau (NAB).
NAB has arrested Globaco (Pvt) Ltd Chief Executive Officer Hammad Arshad on charges of corruption. Globaco (Pvt) Ltd was supposed to acquire land for DHA City, but failed to do so and could only purchase 13,103 kanals of land in scattered patches.
According to sources, NAB is still probing the case, while investors are eagerly waiting for property transfers to open.
Amid all this, some people are still purchasing DHA City Lahore files, hoping that the prices of these files will surge as soon as the doors to file transfers open, but the Defence Housing Authority has nothing to do with the current trade activity.
Sale agreements are signed between the two parties (buyer and seller) and a down payment is made by the buyer, with a promise of clearing the accounts at the time of transfer.
Currently, the asking price of a 5-marla file is PKR 1,100,000. The same file had a value of PKR 1,300,000 before transfers stopped.
On the other hand, asking prices of 10-marla and 1-kanal files are PKR 2,200,000 and PKR 3,200,000 respectively.
Though this is a risky investment with no apparent timeframe, I believe the prices of these files will double as soon as transfers open because the sale-purchase activity will witness sudden escalation.
Those who already have DHA City Lahore files in possession should not sell them unless they really need cash.
Considering the fact that DHA is behind this project, investors shouldn’t lose hope and wait a little more until the dust settles. I would not recommend you buy or sell DHA City Lahore files under these circumstances to avoid any untoward situation.
That’s all I have to share about DHA City Lahore for the day. If you have any queries in minds, please feel free to converse with me in the comments section below.
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Thanks for the update
You are welcome.
Aslam o alikum
Mr.Zain
I am Malik wajahat hussain and I want to know that,have you any party/investor who want to invest in a very profitable newly constructed,fully furnished and charming Home its area is 1kanal and worthing 3,60,00,000.If you have any party/investor so plz refer them to me.Thankx
Regards:
Malik Wajahat Hussain
Aslam O Aalkum
Dear Zain do you have any plan to write any article about next year regarding new housing societies. Specially from a reputed builders such as DHA, Bahria town etc and Government? Thank you very much.
Wa alaikumussalam,
Big real estate developers such as DHA and Bahria Town do not share their future plans unless they actually want to reveal them.
We do get inside information sometimes, but we find it unethical to share information which the developer doesn’t want us make public.
It is said that the DHA administration was planning to return money to DHA city file holders with some mark up. Any comments?
It is said that the DHA management was planning to return the money to DHA city file holders. Any comments?
It is said that the DHA city lahore management was planning to return the money to investors. Any comments?
They say that the DHA management was planning to return the money to DHA city file holders. Any comments?
Dear Kamram,
Please turn a deaf ear to all the rumours. Wait for official announcements from DHA.
Hi Zain,
Do you think this project has a backing of DHA. Or Hamad Arshad owns it personally?
I read it in one of the artivle that Hamad had only taken the name of DHA by mutal understanding with DHA.
Any estimate when the transfer will open?
Thank you
Naeem
Obviously, it is a project backed by DHA. That is why the authority has stopped trasfers for the benefit of members
Hey Zain
Do you have any idea whether now these days DHA is buying further land near thokar niaz baig where earlier some scattered land was bought by Kiyani and Hammad arshad?
What about the Nab case. Everyone know the case has now gone to court. Has charged been formally framed against the accused? What about other co accused kiyani. Has he been caught? When is the next date of hearing? And if you can please tell us the court name and its sitting place.
What are the chances of DHA City file holders getting an exchange land in return in some other DHA phase?
.
Hope to hear your answers to these 03 questions
Hey Zain
Do you have any idea whether now these days DHA is buying further land near thokar niaz baig where earlier some scattered land was bought by Kiyani and Hammad arshad?
What about the Nab case. Everyone know the case has now gone to court. Has charged been formally framed against the accused? What about other co accused kiyani. Has he been caught? When is the next date of hearing? And if you can please tell us the court name and its sitting place.
What are the chances of DHA City file holders getting an exchange land in return in some other DHA phase?
Hope to hear your answers to these 03 questions
Yesterday, I was discussing DHA City with someone, who told me that the matter is almost 80% resolved. But please note that the person I conversed with was not a DHA official.
Let’s see how the matter unfolds. Until then I suggest you do not rely upon rumours.
Aoa
10marla Rate is around 19 lac
You can get the market rates when ever you want
Bcas I am trading from the inception and market leader
Ali Malik
Aoa
10marla Rate is around 19 lac but you mentioned 22 lac
You can get the market rates when ever you want
Bcas I am trading from the inception and market leader
Ali Malik
Thank you for the update.
What could be the estimated waiting time for the prices to increase. Or on the other hand if I choose to keep my 10 Marla balloting file (all installments paid).
The location of project will be the same as declared earlier or it could shift towards DHA Phase 8 side of Lahore.
Is it good to buy file now or should wait for any further decision ???
Fawad,
It is too risky. So, I will suggest you wait until the opening of transfers.
Assallaam O Alaikum Zain,
Could you please provide some update on DHA Ph 2 Extension in Islamabad DHA. Its over 7 years when I bought the files in the hope that being DHA, this will progress faster. Being overseas is not a help as uncertainty prevails in the mind. I know the prices have gone up but what about possession and development work on the project. I did not buy the land for the children, rather I want to build a house there.
Your response will be highly appreciated.
I have still to pay some installments
Should I clear all my dues now or wait
Allah ka sugar hai.kisi na to DHA CITY ka Ziker kia.update kia hai
thanks
Good afternoon Mr. Zain,
Thanks a lot for your valuable advise.
May i know whats the current status of LDA city Lahore?
I have some files there and last payment was done 1 or 2 months back and i want and as per them they will do balloting in 2 months.
Awaiting your response.
Many thanks
1-Democracy means equal distribution of natural Resources Gas Oil Gold Metals, Marbals etc; to General Public
2- Every Pakistani Pays 150% of each buying to the Government. each 1000 price paid on a commodity in Pakistan is 400 Rupees Actual Price so all taxes on that become 150% ( Rs 600), so consumer price becomes then to Rs 1000. That is Indirect Taxes on Each Pakistani including people below Poverty Line. Govt. send each of them Gas Royalty, Oil Royalty in terms of 40 % additional Tax than the international Buying Price, instead it is coming from teir own land.
3- Electricity Prices not Changed: Oil prices have lowered to 1/3 rd i-e-Dollars 110 per barrel to Dollars 40 per Barrel, if Pakistan do not produce a single litre of Oil. Electricity Prices depend upon Oil Prices as 60 % of Electricity is Thermal/ Oil and gas based. NEPRA departments are given to private Contractors Mr. Zaigham, Mr Nadir Khosa, Mr Insaf and one other contractor illegally, who sell desired public interest to the Power Companies for Personal Gains of NEPRA Authorities Cabinet Division has confirred such Powers to NEPRA Chaairman to privatise/ run through private Contractors the NEPRA is a Question arrising from Previous Zardari Govt. Continuing in this Govt through their common cum joint Interests. These Facts could not brought the Electricity Prices Down a single Rupee in basic unit rates.
4- What other is needed to Poor Nawaz/ Zardari Mixed Group from People of Pakistan in addition to PROPERTY TAXCum RENTal income etc;
Heart Patient Nawaz was so ill that One Full Aero-plane brought back him from England transport expenditures of 24 Crores on Poor Pakistanis
Dear Mr Zain,
Now what is new updates for DHA City. When start a transfer Files by DHA City? What is future of this project?
In this regard I request you please give me details about this DHA City project.
Thanking you