Lahore Real Estate Forum

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Saturday, May 28, 2022 08:36 AM PST 
Prism additional development charges

There is rumour in the market that DHA lahore is asking for additional up to 7 Lac development charges on all plots of Prism before house construction or sale. Is it confirmed?

If yes.. it will be really bad dent for DHA lahore reputation. Seems like Bahria tactics

MS replied on Saturday, May 28, 2022 03:21 PM PST 

đź’Ż % Confirmed news. I had two plots in prism & took vouchers for dues out they imposed 7 lac additional development charges plus 1500 per month security charges on possession area.

MS replied on Saturday, May 28, 2022 03:22 PM PST 

4.50 lac on all 10 Marla plots
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Overseas Enclave DHA Lahore Phase 7 On 3 Years Installments What Plots To Apply For 25++ Lacs Own (P

*Overseas Enclave DHA Lahore Phase 7 On 3 Years Installments What Plots To Apply For 25++ Lacs Own (Profit On Booking) From Day One After Ballot*

https://youtu.be/eOtF0HpK10s

Choudry Mujahid Yasin ( CMY ) Of Lahore Real Estate
To Stay Updated On This Project Direct Message By WhatsApp To CMY https://wa.me/







DHA LAHORE – OVERSEAS ENCLAVE (PHASE VII)
TERMS & CONDITIONS



  1. 100 residential and 24 commercial plots of Overseas Enclave in Phase VII (near Defence Raya Golf & Country Club) will be allotted through ballot. These plots shall be exclusively developed for oversees Pakistanis

  2. Total size and price of plot (inclusive of development charges) will be as under:

    1. 1 kanal residential                                              Rs. 22,500,000/-

    2. 4 Marla commercial                                           Rs. 42,500,000/-

    3. 8 Marla commercial                                           Rs. 72,500,000/-



  3. 10% extra charges will be paid by the applicants for corner plots, over and above the schedule price.

  4. Eligibility:   Overseas Pakistanis with NICOP / POC holders having “Roshan Digital Accounts” (RDAs) shall be eligible to participate. NICOP holders residing in Pakistan can also apply.

  5. All applicants will upload one passport size photograph and copy of NICOP / POC Card and payment proof of processing fee.

  6. Successful applicants will be required to fulfill requirements of registration with DHA Lahore for each allotted plot.

  7. An applicant can apply for any number of plots subject to payment of processing fee for each plot separately.

  8. Last date for submission of applications is 25 November 2020.

  9. Ballot will be conducted on 15 December 2020 and successful applicants detail will be displayed on DHA Lahore website.

  10. Ballot carried out will show results for successful and reserve allottees for each category. In case first allottee defaults in payment, second allottee shall be given a chance for allotment.

  11. Payment Instructions For Ballot:

    1. Amount to be paid with each application as Processing Fee is:

      1. 1 kanal residential                                                   Rs.30,000/-

      2. 4 Marla commercial                                                 Rs.30,000/-

      3. 8 Marla commercial                                                 Rs.40,000/-



    2. Overseas Pakistanis can make online payments only through “RDAs” as per scheme announced by State Bank of Pakistan.

    3. Payment will be made in favour of “DHA Lahore Ballot”.

      1. RDA account holders of following banks will make payments using websites / mobile apps of relevant bank:

        1. Faysal Bank Ltd

        2. Habib Bank Ltd

        3. MCB Bank Ltd

        4. Meezan Bank Ltd



      2. RDA account holders of other banks will use following bank for online payment (cash payment on bank deposit slip is not acceptable):

        1. Askari Bank Ltd Account no.                  PK56ASCM Account Title                DHA Lahore Ballot Branch Address            Z Block, Phase-III, DHA Lahore

        2. Applicant will upload screenshot of payment confirmation receipt / electronic message on DHA’s website.







  12. Allotment Criteria:

    1. The allotment of plot to successful applicants will be subject to payment of 15% of total price to be paid within 30 days of ballot result announced on DHA Website failing which allotment shall be treated as cancelled.

    2. In such case, reserve allottee shall be informed to pay 15% amount within next 30 days.



  13. Payment Options:

    1. 03 Months Payment Plan:

      1. Amount of plot (excluding already paid price) will be payable within 3 x months from date of intimation letter.



    2. 3 Years Payment Plan:

      1. Amount of plot will be payable in 12 x quarterly installments (excluding already paid price) as per schedule issued.

      2. In case of delay in payment, surcharge @ Kibor + 5% per annum will be charged on overdue amount for the period in default.

      3. If an allottee fails to pay 3 consecutive installments within the given timelines, allotment shall be liable for cancellation.





  14. Payment Method: Overseas Pakistanis can make online payments in favor of “DHA Lahore” using “RDAs” as per scheme announced by State Bank of Pakistan. Bank details are available on DHA Lahore website.

  15. Discount will be offered on lump sum payment (excluding down payment) by successful applicants as follows:

    1. Full payment (within 90 x days of ballot)                                         7%

    2. On lump sum payment of 10 – 11 Installments                                7%

    3. On lump sum payment of 8 – 9 Installments                                    5%



  16. General:

    1. Resale will be allowed on payment of complete price as per DHA Lahore By-Laws.

    2. The applicant shall comply with all relevant by-laws and regulations of allotment, possession, construction, transfer of immovable property in DHA.

    3. Acceptance of applications is subject to approval by DHA Lahore. The Authority may accept or reject any application without assigning any reason for all categories.

    4. Application forms having incorrect information, without payment of specified amount or deposit slip not uploaded on DHA’s website will be rejected.

    5. Allotment Letter will be issued after receipt of total amount of plot.

    6. In case of cancellation, amount will be refunded after deduction @ 10% of paid amount.

    7. Possession of plot shall be handed over within 2 years.

    8. Plot number will be allotted at the time of ballot.

    9. Any change in size will be dealt at the time of possession as per DHA’s Bye Laws.




abc replied on Sunday, October 25, 2020 01:48 PM PST 

Resale will be allowed on payment of complete price as per DHA Lahore By-Laws

Overseas Pakistanis can make online payments in favor of “DHA Lahore” using “RDAs” as per scheme announced by State Bank of Pakistan. Bank details are available on DHA Lahore website.
with above condition how own is possible

Mohammad replied on Sunday, October 25, 2020 06:10 PM PST 

There are new 5 and 10 marla cutting in this map as well which are not part of oversease quota ... will it be balloted against existing phase 7 files... any info on that?
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(165)
Sunday, January 28, 2018 04:35 PM PST 
Plot evaluation

Please evaluate 1 Kanal DHA Peshawar plot. Sector A, Plot # 1047.

Rana_Australia® replied on Sunday, January 28, 2018 05:00 PM PST 

65 minimum

Rana_Australia® replied on Sunday, January 28, 2018 05:08 PM PST 

Land is extremely expensive in Peshawar . Peshawar DHA - A block average pot is 65 . 65 + 22 (development charges)=87 . In three years DHA Peshawar Nasir Bagh road should be 250 minimum . People say Gwadar , Prism , Multan . I bet my money on Peshawar . Peshawar rocks

Rana NSW replied on Sunday, January 28, 2018 10:04 PM PST 

If you have a plot in any other block than A, B and C , hold it till the complete master plan is revealed , hopefully in 1 to 2 months.
If you have a plot in A, B and C and is not a premium location plot , i will suggest that you sell it now and add a few lacs and buy a better plot.
If you have a plot in A, B and C and is a premium or at a good location than hold it and wait for at least 6 months, better is to hold for an year though. The reason for this approach is that in 6 months to one year when the local people will see the development, genuine demand will come into play.
If you still want to hold it further, i will suggest that best is to take an exit a few months before possession. Do not wait for possession because if you do than you will have to wait for the next investment cycle which is likely to begin after 3 to 5 years.
If you are a long term investor than you can have two strategies, either wait for 4 to 5 years and take an exit or wait for 10 years and exit when fully matured.
Expected prices of DHA Peshawar with timeline are as under and we will only talk about plots in A, B and C block

1 to 1.5 years 90 to 120 Lacs
3 to 5 years 150 to 200 Lacs
8 to 10 years 350 to 450 Lacs
If you look at the above timelines, during the 1 to 1.5 years timeline and 3 to 5 years timeline you have to pay partial development charges and complete development charges respectively. If we consider an average plot price of 60 lacs today than you will have to add 22 lacs approximately as capital so your total investment will also increase to 80 to 82.5 Lacs.

So what you should do is up to you but if you really want to make money than best is to sell it out before 1 year when price reaches your target and invest some where else. You can best utilize your money by making use of the timeline and reinvest when you see the next cycle of uptrend setting in. Meanwhile we can find you some other place where you can earn some profits and return to DHA Peshawar in 3 years to enjoy the second uptrend and so on.

Mohammad replied on Monday, February 5, 2018 03:32 PM PST 

Please evaluate DHA peshawar
Residential A-475
Thanks
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