DHA Islamabad is one of the most sought after housing projects in the federal capital as property prices are still somewhat affordable here compared to those in various sectors of the Capital Development Authority.
The way I see it, Phase II of DHA Islamabad is truly an investment haven these days because of various factors. Please keep reading if you want to know more.
The locality houses the World Trade Centre, a project of Giga Group that recently saw the launch of Hyperstar in its premises. This has certainly added to the grandeur of the phase.
Furthermore, the extension of Islamabad Expressway is on the cards. Once completed, this signal-free corridor will provide easy access to the phase. In fact, other societies located on this road will benefit from this extension.
Lately, people have been migrating to the area because the Defence Housing Authority (DHA) offers security and state-of-the-art living standards. Consequently, the increase in population in the phase will certainly play an important role in giving property prices an upward push.
Possession status
DHA has handed over possession in Sectors A, B, C, D, E, F, G, H and J, while in Sectors K, L, M, N and P, Q and R, the authority has yet grant possession in some areas. Complete possession is expected sooner rather than later.
Property prices
Property values in Phase II have already increased manifold in the recent past. The rates, however, still have excellent potential to grow further.
The average price of a 10-marla plot in the phase ranges from PKR 8,000,000 to PKR 11,500,000, while that of a 1-kanal plot falls between PKR 10,000,000 and PKR 22,500,000.
DHA Phase II Extension
Phase II Extension is accessible from Islamabad Highway and features 1-kanal plots. The prices of these range from PKR 3,500,000 to PKR 5,600,000.
Development work has been commenced in the area but is not being carried out at a good pace. Strangely, DHA has not rolled out the society plan yet, so we cannot expect possession to be handed over before 3 to 4 years.
Investment advice
Those who have a good budget and want to bag big gains in the short term should certainly consider DHA Islamabad’s Phase II. Even DHA Phase II Extension is worth considering, but only for those who do not seek quick returns.
That’s all for the day. For further queries, please feel free to converse with me in the comments section below.
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Excellent Article.
All praise is due to ALLAH.
Hi, Thanks for the information. Can you please advise when is the posession expected in DHA Phase 2 sector P and Q?
do let us know about status of P and Q
A major partial possession has already been announced and the plot holders can build their houses and live there. One house is already under construction in Sector Q and the 4th Avenue and area from Street 5A to 7D is ready for possession in Sector P. The prices in possession areas ranging from 95 lakh to 125 lakh for one Kanal of land.
For further inquiries please feel free to contact:
A
Great investment advice….
Can you Mr. Zain Nadeem or anyone else clarify
1. What is the difference in Open Files and Open Certificates of DHA 2 Extension?
2. I am interested to find out the base price of files and certificates of DHA phase 2 Extension, ISLAMABAD sectors A to K when offered by DHA in 2005 and of sectors L to T later since the first ones have 6 lac balance and the later ones have a balance of 14.60 lacs.
I am confused since certificates are being sold in the market from 27 to 35 Lacs. What was there original price when sold by DHA?
Thanks, Shahnaz
Dear Mr. Zain Nadeem,
Could you please let me know your expert advice for investment in Dha 2 extension.
1. What is the difference in Open Files and Open Certificates of DHA 2 Extension?
2. I am interested to find out the base price of files and certificates of DHA phase 2 Extension, ISLAMABAD sectors A to K when offered by DHA in 2005 and of sectors L to T later since the first ones have 6 lac balance and the later ones have a balance of 14.60 lacs.
I am confused since certificates are being sold in the market from 27 to 35 Lacs. What was there original price when sold by DHA?
Thanks, Shahnaz
Investment in Phase 2 Extension Islamabad
It comprises of sectors from A to D, previously it was from A to T where all the plots and files will be adjusted in A to D by a re- balloting.
Current prices ranges from 27 lakh to 56 lakh where Sector A all dues clear plot is for 56 and Sector T open certificate with 14.65 lakh balance is normally sold for around 27 lakh.
Current development is very slow and equals nothing but if you hold your entity for 3 years or more you may expect good returns as the neighboring blocks of DHAI phase 2 are sold for min 80 lakh to max 125 lakh in sector P, Q and the River View block which are just 1 to 2 minutes drive away, so the difference of price will certainly narrow down as the development goes on.
Cheers,
A
Hi A,
Would you happen to know, what is a development schedule for DHA Islamabad, Phase II-Extension? What is the DHA’s stated position, and what is the reality?
Thank you for your time and help.
Hi Nadeem
An excellent information as usual. Any information if there are new bookings for Phase 2 Ext?
Regards
Naeem
Naeem Bhai,
As per I know, there are no bookings of plots in extension. But I am not really sure about it.
Regards,
zain Nadeem
Zain Bhai
Please share the price of DHA phase 2 extension River view block
Dear Shahnaz Zainab,
Following are the answers to your questions:
1. Open Certificate or Open Files are those against which development charges haven’t been paid and you do not have to get it transferred in your name through DHA office. These are like Prize Bonds, you make payment and get the file from seller. You can get it verified from DHA office.
2. These were launched in 2005, and launch price was 36 lacs. Current market has been recovered from a lower price of 11 lacs.
Regards
Shahbaz
Dear Shahbaz,
Thank you for your clarifications on my queries.
Regards,
Shahnaz Zainab
Dear All,
Please advise about the status of DHA Phase 3, near Rawat, Development works ?
Also, Expected time of possession & etc.
Thanks,
Faisal.
Dear Faisal Bhai,
I haven’t done my research on Phase III yet. I will try to write a blog post on the status on the phase as soon as possible.
Regards,
zain Nadeem
Dear Zain Bhai,
Thanks and i shall wait for your kind expertise & report on DHA Phase III, Rawalpindi / Islamabad specifically on Sector A & B. Best Regards,
Faisal.
Has balloting been done for files of plots in Phase I I Extention.
No, as per I know.
Salam Zain,
Have a 3 Bedroom terrace apartment in Defence Residency in DHA phase 2 what about current values on this and is it worth to hold till opening of world trade centre and GIGA mall or should I take money and invest in some other project.
Much appreciated.
Nabeel
May be Zain sb will reply you in detail but currently Terrace Apartments and others under roof from Block 1 to 4 comprising 1102 Sft standard and 1352 Sft Tarrace are less than 50% occupied and still the prices are touching 55 lack so, keeping in view to the demand and supply ration as the occupancy level rises the price will automatically raise due to scarcity of the apartments. Its better to hold for a while as the right time to sell is apparently about to come.
Good luck
Wa alaikumussalam,
Nabeel Bhai,
I also suggest you hold your investment. But you need to keep an eye on price trends to take the right decision at the right time.
I think there is a room for price growth, but please stay updated with market prices.
Regards,
zain Nadeem
Salams brother Zain,
I hope you are well. I am based in Malaysia but I want to make investment in DHA Phase-II or any location in DHA where instant and continuous return on the actual investment is forthcoming. What do you suggest which are the best options?
Best regards
Dr. Syed Masroor
I am also looking for a similar oppotunity. My budget is 2 Million PKR. Could anyone suggest something ?
What is your budget? I can suggest options accordingly.
Regards,
zain Nadeem
Hi, Thanks for the info. Could you suggest any investment opportunity in DHA anywhere in Pakistan, that can start giving good returns in 5 years ?
My budget is 2 Mill. PKR.
Thanks
Dear Akram,
In your budget, you will find property file in DHA City Lahore. Though the project is being probed by NAB, but I am really hopeful about its future prospects.
Let me know if you want to invest in DHA City. I will try to get you in touch with an agent or you can email me at zain.nadeem@zameen.com.
Regards,
zain Nadeem
I am holding file of DHA 2 Ext. It’s K sector plot 11,St 4
What is the price I can get.
What are the current phase 2 ext file pride for p q r s t blocks? With and without all dues clear.. Could anyone share please.
Brother, i hv red the article stated above and i m an engineer and i also hv side business of buying, selling own plots and construction…you wont get any further benefits in DHA-2 as it is already at every high price which people r not willing to pay as its still quite far from Islamabad…Secondly there is no security in DHA 2…..
The writer knows nothing about property, not even close to a tiny grain of sand….DHA islamabad is badly defaulter…there is no chance of development in next 5 years in dha 2 extension, DHA 3, ..one shud never invest money in these DHAs….anyway..best of luck guys..
I boight a one kanal plot in dha phase 2 extension sectir L in 2009 and even paid the development charges, but i have not got the possession, did someone knows when to get possession and what is the market price. Any suggestions will be appreciated. Thanks