What’s up in DHA Lahore Phase V?

With investment security as well as promising returns, Defence Housing Authority (DHA) Lahore is truly a haven for investors.

Phase V of DHA Lahore is one of the most sought after among investors and homebuyers alike. This was the first phase where DHA introduced underground electrification.

Now DHA is set to launch an apartment project in the phase. The project christened DHA Pentasquare will feature 1-, 2-, and 3-bedroom apartments. DHA has promulgated the project in newspapers, but has not unveiled much about it.

A DHA official told Zameen.com that the DHA Pentasquare will be located in the vicinity of Jalal Sons in Phase V, adding that the application forms for the project will be introduced within 2 months. The official said that the DHA plans to complete the project within 2 years.

DHA Pentasqaure will boast an outdoor sports arena, 71% green area, accommodation for servants, a food court, swimming pool, gym, 24/7 electricity backup, a medical facility, a security control centre and CCTV surveillance.

Considering that Phase V is fully developed and fairly populated, investment in DHA Pentasquare appears to be a good idea. Unfortunately, you have to wait for 2 months to make a move.

What else?

There is another investment opportunity in Phase V – 10-marla plot files in M Block that are being traded in the market at the moment for PKR 9,000,000. As the average sale price of 10-marla plots in the phase is more than PKR 16,500,000 as of September 2015, according to Zameen.com’s stats, investment seems quite reasonable right now.

Please note that you will have to pay development charges ranging between PKR 1,000,000 and PKR 1,200,000 in instalments. Despite this, the investment is still worth it.

Rates in Phase V

Having discussed two important investment opportunities in Phase V, I would now like to discuss property rates to give you an even better picture of the potential here.

According to the property price data maintained by Zameen.com, the average sale price of 10-marla plots in the locality was PKR 14,694,406 in January 2015 and increased to PKR 15,416,364 in June 2015, giving investors a stable gain of 4.9% within 6 months.

Currently, these plots value PKR 16,591,011 on average, which means prices have risen by 12.9% in the three quarters of 2015. This sharp rise can be attributed to the interest in Phase V as well as its relatively good location.

In these three quarters, the 1-kanal category also saw reasonable hikes, which shows that investors and homebuyers have had an equal interest in this category as well. The average sale price of 1-kanal plots in the locality was PKR 21,550,994 in January 2015, which spiked to PKR 24,265,951 in September, registering an increase of 12.59% — marginally less than the price hike witnessed for 10-marla plots during the same time period.

Final analysis

DHA Phase V holds promising investment potential. With new opportunities to capitalise on, investors should expect to see a further price rise soon.

DHA Pentasquare will be the first apartment project in Phase V and it looks like DHA will not disappoint prospective investors and residents.  Aside from this, do not miss out on the great chance of investing in 10-marla plot files in Block M. Investment in DHA’s projects always proves to be worthwhile. Good luck!