Update on DHA Gujranwala affidavit files

For all the right reasons, the investment trend has now shifted to affidavit files. At the moment, only a handful of projects offer potentially rewarding circumstances for affidavit file investment. I am talking about DHA projects, but only those that are in their pre-launch phase.

In case of DHA Gujranwala, there has lately been a rise in demand for affidavit files. But the demand was triggered by a limited supply of files and not because of presence of active buyers in the market or any concrete development in the project for that matter. With a gradual and consistent drop in number of active buyers, the rate of these files is also dropping, at a slower pace, however.

I learnt a while ago that DHA cancelled its Memorandum of Understanding with all investors except for one. This investor, which is probably a large group that has Sabir Mitho on the front, offers a higher per acre rate to the landowners and has managed to speed up the process of land acquisition for DHA Gujranwala. Nonetheless, the real issue with acquisition of land from the Sheikh Baradari persists. So you can’t expect Mitho’s persuasiveness alone to expedite DHA Gujranwala’s official launch.

In a project that is far from seeing its official launch, seeing 10-marla and 1-kanal residential plot files tagged at PKR 2,650,000 and PKR 3,750,000, respectively, seems unjustifiable. This could perhaps be the reason why the demand for these files has also dropped. Furthermore, the ex-MOU holders for DHA Gujranwala also have their reservations against letting Mitho do all the buying.

I have been unable to find out if this MOU with Sabir Mitho has an expiry date but the sooner more MOU holders jump in the market, the quicker we can expect buyers and investors to regain their interest in DHA Gujranwala files. Meanwhile, if we cannot get some reliable information about the timeline for this project’s completion, there should at least be an official statement throwing light on the current status of the DHA Gujranwala.

Furthermore, if you are waiting for the DHA Gujranwala affidavit files rate to drop, I am afraid you have to wait until more MOU holders are made part of the land acquisition process to help DHA launch more files. Until then, the rates might drop only marginally and that too under the cover of increased property taxes and their related complications.