The official launch of DHA Multan appeared really close when I covered the project in my blog last time in April. Sadly, the status is still the same. Furthermore, the Defence Housing Authority (DHA) hasn’t given its stance on the official launch either.
That said, there has still been a very positive development – something that matters to investors the most: rates of DHA Multan plot files have spiked from PKR 3,250,000 in April 2016 to PKR 4,350,000 in June.
This price rise of 33.85% in less than two month says a lot about how anxiously investors and stakeholders of DHA Multan await the official launch. This also reflects their trust in the project.
If you monitor on-ground activities as well as how the DHA administration has amazed investors by expediting the land acquisition process, you can expect that the official launch would take place soon.
I admire this philosophy of setting up everything right for the official launch, which in case of DHA Multan has strengthened the project further. Before I give you details on what’s actually happening in terms of development and land acquisition, let’s have a look at the price trends these plot files recorded between Jan 2015 and May 2016.
Price trends
Back in January 2015, the market rate of 1-kanal residential files was PKR 2,800,000, which rose to PKR 3,000,000 in January 2016. While this price rise of 7.14% was a decent one, these files still had a big margin to grow and by then, investors had also realised the potential of the project.
Due to high demand, the rates increased further by a whopping 45% in the first 5 months of 2016. Today, these files are short in the market and the owners willing to sell them are demanding PKR 4,350,000. Please see the graph below to have an idea of how rates in DHA Multan have fared between Jan 2015 and May 2016:
Future potential
By the time of launch, which according to my sources can take place anytime now, file rates will increase further. It is believed that official rate of files on cash would be more than PKR 5,300,000 (an addition of At least PKR 1,000,000 to the current market rate). In terms of percentage, estimated price rise would roughly be 22%. This means that you can still make the move to capitalise on DHA Multan.
Current status
In total, 4,300 acres of land has been purchased for DHA Multan so far, which seems to be a sufficient area to launch Phase I.
The DHA has stopped acquiring more land. However, the official investors, who purchased land on behalf of the developer, might still be allowed to deal with landowners having their land within the bounds of Phase I because the phase still has some land pockets, spanning 50 acres in total, here and there. The developer would ideally like this phase to have no land pockets but it doesn’t really matter.
Currently, the construction work is being carried out on entrance gate, main boulevard and the boundary wall. These activity signals that DHA Multan will be launched soon. According to the sources I conversed with, the developer plans to launch the project after Ramadan and offer files on cash as well as instalments. In any case, the rates are bound to increase. So there is no reason to be discouraged by the present price hike. In other words, buy more files ASAP.
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Very nice article on dha multan. I appreciate it. Can you please inform us that at what price dha multan will launch 1 kanal plot on installment. Imran expected price of installment 1 kanal plot. thanks.
Sorry typing mistake. I mean what is expected price of 1kanal installment plot.
I am not sure about the expected rate on installment but the circumstances suggests it could be PKR 6 million plus.
Thanks for the update,
please also advise current status of DHA CITY
Zaroor Rajab.
Thanks for the great analysis.
Does the launch also includes commercial plot/files?
Thanks
Ideally they should launch commercial files simultaneously but we can’t assume anything before the details are share by the official sources.
Thanks for the detailed analysis.
How about the launch of commercial files? Will these files be released at the launch.
Please share if you have any info.
Thanks
Great article! Thanks for the update on DHA Multan.
I will build a little bit more…You are as always very modest about the prices and analysis on the Huge Surge in DHA Multan;)
My assessment as investor and student of real estate is that: outrageous price hike in other favorite investment projects is pushing investors to DHA Multan which has enormous potential due to its geo-political situation in South Punjab and trend of urbanization. Recently, local investors have been greatly benefitted in terms of cash flow due to network of new highways passing through/nearby Multan. All these factors contribute in Multan’s property market appreciation where DHA is considered as a TRUST MARK. Unlike in the past, a new generation of very highly educated Property Dealers is now dominating the market with very fair and knowledgeable dealings.
Multan is going to see in next decade a huge uplift in housing industry. Multan, DHA being The Leader, will see an unprecedented housing activity in next decade with more than 100,000 UPSCALE housing and commercial units sprawling in/around Multan. This will change the demographics of the entire region where modern educational institutions are steering the new generation to modernization. Also remember, such new trends not only benefit investors, the new businesses and huge construction activity will create new jobs thus helping all the segments of population and raising the life style of all poor and rich alike.
So present and future investors, its your time! Act now before Multan properties get out of reach!
Good luck and ENJOY INVESTING!
Ms Samra, there should a way for investors/readers to pull up all blogs pertaining to a particular project by One Click to study the developments and opinions of participants. Can you please look into this possibility?
Kind regards.
Tahir Iqbal
Good to get your analysis on the project at hand.
keep posting your views on my blog, it’s a pleasure knowing that learned folks from the industry have a similar point of view.
If cash files ll b launched on 53 lacs,then surely installment files ll b of 62-65 lacs.
Thats good analysis from the folks and ,hopefully, DHA Multan will surge but can anybody start a blog on DHA Gujranwala. My opinion is that it is going to follow exactly the DHA multan trend and files are already absent from the market. Your shared notes on DHA Gujranwala shall be highly appreciated.