Well, nothing much, which is the point of this post. Launched almost 5 years ago, DHA City has become a massive headache for its investors, as they are clueless about its status. Even the location of the project has not been announced officially, but its plot files are still being traded in the market. I will discuss file prices later in this post.
Rumours abound in the market about this project. Some say that the DHA will acquire Park View Villas, an embattled housing project on Multan Road, and merge it with DHA City to provide access to the project, but the DHA has not given its official version on this yet.
According to sources, the most likely location for DHA City is at the back of Park View Villas. If Park View Villas is merged with DHA City, the latter will get direct access from Multan Road. Otherwise, people will have to use M2-Motorway to access the locality, which doesn’t seem to be a feasible idea. Another rumour: a road will be built from Multan Road alongside M2-Motorway to provide direct access to DHA City, but that’s all conjecture.
A real estate agent who requested not to be named told Zameen.com that the DHA will most probably announce the location of the project this month. He also said that the project will be completed within 3 years. A tall claim indeed, given that even the project’s location is not yet known. Once again, only an official announcement from the DHA in this regard will clarify the situation.
Let’s talk about prices in the locality.
DHA City features plot files of 5 marlas, 10 marlas and 1 kanal. Please see the table below to get an idea of the current market prices.
| Plot File | Launch Price | Current Average Price | Difference |
| 5 marla | PKR 990,000 | PKR 1,040,000 | PKR 50,000 (profit) |
| 10 marla | PKR 1,990,000 | PKR 1,700,000 | PKR 290,000 (loss) |
| 1 kanal | PKR 3,790,000 | PKR 3,100,000 | PKR 690,000 (loss) |
Note: The figures mentioned in the table have been provided to us by Yasir Aziz of Quaid Associates. You can contact him at 03228888762.
Our Take
Considering the fact that Park View Housing Society has been acquired by the DHA and merged with DHA Phase VIII in the past, there is some possibility that Park View Villas may also be acquired. I personally believe that the acquisition will be in favour of the project as well as its investors. If the DHA were to announce this acquisition, file prices would increase and investor confidence would spike immediately.
I even tried to reach DHA City’s law officer to get an insight into the DHA’s plans about the project, but to no avail.
That is all about DHA City for the day. I suggest you do not take any investment decision on the basis of mere rumours, so better wait for an announcement from the DHA, which could come sooner rather than later. You never know!
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Thanks a lot Zain for highlighting this massive situation. We don’t know if any body will clarify this mess or not?????????????
Dear Mazhar,
Thank you Mazhar Shb. I don’t think the DHA has turned a blind eye to the project. Have you invested in DHA City?
Regards,
zain Nadeem
Yes, unfortunately unfortunately
Are you in a hurry to sell your plot file? If you will hold it for long term, you will probably get good return.
Rest ALLAH knows better.
Regards,
zain Nadeem
Hi Zain,
Thank you for the information about this project.
Well I am planning to buy one file in DHA City to keep it for 5 year. What is your opinion about this investment.
Please advise me.
Dear Sohail,
DHA City has long-term investment potential. It is attractive because of low prices but you should also consider other issues of the society before investing here.
Regards,
zain Nadeem
Dear Zain,
Thanks for selecting a sour topic but I wish you could have done a bit of research before picking up the pen. The booking price you quoted are wrong and there were two kind of bookings one thorough balloting and other was confirm booking. For one canal plot, people paid 3,760,000 rupees by balloting and those who went for confirmed booking paid one million more. Your quoted booking prices are incorrect.
Currently DHA city has all odds against it.
This was joint venture project with Orange Holdings (Eden Homes). DHA name was to be used to lure people to pay such a high price at that time. Money was collected and given to Eden homes for the project while dha keeping their administrative costs etc. Orange holdings have to acquire land, develop and provide plots to allottees as well as soldiers as well. Mr Hammad Arshad of Orange Holdings taken the money and acquired some cheap land which is on the river bank in Shahpur and Kanjran villages. Land is in patches and less than the project need. Rest of the money was swindled by Hammad Arshad and project was not further developed. For this case is in NAB as part of Mega Scandals reported to supreme court as well.
Park view villas is an illegal scheme having not approval from LDA and is easy to acquire for DHA to form up the deficient land but DHA have not shown such intention yet but some dealers and investor are bracketing these two since a long time to gain immediate returns of their investment in Park view.
There are two other issues which are hurting DHA City. Being close to river DHA city need flood protection which is being sought through construction of Lahore ring road Western Loop. This part of ring road is under planning and has no priority from government of punjab. The most biggest and fatal one is Punjab govt has planned River Front Development in the area and have banned all land transfers. Because DHA City does not have necessary approval yet and govt plan can take priority. If happens so then DHA have to accommodate the affectees elsewhere.
Yes more than five years have been lapsed which is positive for new investors. DHA has taken over this project to fix it. According to public relations officer these issues are being addressed and balloting is aimed towards end of 2017 subject to issues resolved. This can be earlier and late due to delay in resolving the issues.
Imran Koukab is public relations officer who sits behind Major Irfan’s office (DHA City Transfer officer) in DHA City. If you approach him for detail information, i think you will get a better response.
Dear Zahid,
Thank you for pointing it out. I have changed the figures after confirming them from an estate agent who deals in DHA City.
You have really provided detailed information on the project. Are you an investor of DHA City?
I would like to have a conversation with you. How can we do that?
Regards,
zain Nadeem
may we all know the secret conversation between you and Mr Zahid about DHA City. Regards
Lol. Iftikhar Bhai, there is no secret conversation.
Read my latest blog post on DHA City Lahore:
http://www.zameen.com/blog/an-important-update-on-dha-city-lahore.html
Regards,
zain Nadeem
Dear Mr Zahid, Many thanks for sharing all this information . when you mentioned Park View Villas is not approved by LDA it is really a breaking news for me.
Dear Zain,
I appreciate your dare to publish my comments, some property forums are scared to DHA to publish these facts in one post. Although i have rounded some sharp corners to make bit acceptable for Zameen as well.
I am a civil engineer by profession residing in KSA and am an investor to DHA City. You can approach me via email (yahoo account) or if you give me your business email then i can send you my contact details for further discussion.
Thanks for your comments
M.Zahid
Good work Zain Nadeem
When you used word embattled for Park View Villas did that mean that they are still battling with some issues with authorities ? What is your opinion about investing in Park View Gold Block -(On installments) ? or Buying a DHA file from market will be safer option?
Iftikhar Bhai,
‘Embattled’ did not mean that the society is facing some issues. I have a friend who invested in Gold Block recently. He didn’t point out any issues. And I think, this block is a considerable option for investment.
DHA City Lahore, on the other hand, is making headlines these days as NAB has started investigation against the PKR 15 billion scam in the locality. Let this settle down and then take some decision to invest here.
PS: These are my personal views. You may disagree.
Regards,
zain Nadeem
We booked a home in Edenabad, back in 2008 (for 2.5 mil) and made payments upto 2 mil by 2009.
later we realized the SCAM ( Delays, no work on construction etc. and false hopes to its customers).
Luckily we were able to get our money back. I now want to invest some one mil. amount. please guide it would be wise to invest in DHA City, or any other sociaty you suggest.
Would really appreciate your response.
Dear Sadia,
I visited Eden Abad and found the development work unsatisfactory. Good that, you have got your money back.
DHA City Lahore is making headlines these days, as you would know that NAB has started investigating the prevailing issues of the society.
If you will invest here right now, you will be able to get a file at an attractive price. I think NAB’s action against those involved in the land scam in DHA City will prove to be favourable for the society. But I still believe, it is a long-term project.
Rest ALLAH knows better.
Regards,
zain Nadeem
BEWARE: DHA CITY APPROACHES NAB FOR RECOVERY OF FUNDS MISAPPROPRIATED BY OFF SHOOT OF EDEN (PVT) LTD:
DHA City Lahore has today ( 9th Jan 2016) advertised in National Press that it has approached NAB for recovery of funds collected by Globaco (Pvt) Ltd ( Now Orange Holdings Pvt Ltd) an off shoot of Eden (Pvt) Ltd from Public at large.
Zameen Media (Pvt) Ltd is therefore requested to disseminate this fresh information to all its readers and recant its advice of long term investment in light of this new information .
DHA is look like don’t care any more for his investors. If you look around many schemes I am victim of Islamabad DHA phase-2 extension more than 10 years similar situation no plot on ground and nobody knows when. DHA-9 my friend invested 10 plus year nothing yet. Complete exploitation of poor investor by our respected organization DHA. No use of complaint against them but Rahil shreef zindabad knowing everything but doing nothing but a media hero.
The COAS is really playing his role very well. He recently directed the NAB Chairmain to take an unbiased action against all those involved in the DHA Valley scam.
Please read my blog post on this issue:
http://www.zameen.com/blog/army-chief-supports-probe-into-dha-valley-scam-where-is-the-project-heading.html
Regards,
zain Nadeem
Dear Zain
What’s the current position of DHA city? My parents have an allotment letter which is merely a piece of paper, rest nothing clear yet as you posted above. But how safe this investment is?
Is it better to sell the file etc?
Ashfaq Sb,
Hold this investment. It will prove to be a good investment for long term InshaALLAH.
I read that first sentence, “Well, nothing much, which is the point of this post.” and I knew it wasn’t worth reading as the writer himself said that there was no point in this post. There might have been useful information in the post, but the starting messed everything up. Do some work on your writing style, Mr Zain Nadeem.