Lahore Real Estate Forum

Start NEW Topic Or Post Advertisment

                                                          
 
Back to Forum |

DHA VAlley,

(48896)
   Shad Khan
Sunday, October 26, 2008 11:21 AM 
Reply: >
Does anyone have any idea what is the market rate of DHA valley 5 and 8 marla plots? Especially in view of more than 50,000 plots allocated during ballot.
Javed replied on Sunday, October 26, 2008 12:34 PM 

The price is already five lacs for 8 marla.
Shad Khan replied on Sunday, October 26, 2008 01:17 PM 

There is no doubt about the figures. DHA received 55,000 applications and only 5000 have been declared unsuccessful. What does it mean??? Naturally 50,000 have been allotted with plots. My question was whether there is any "ON" money or not??
Ali - OS replied on Sunday, October 26, 2008 03:13 PM 

If Mr. Shad Khan is right, then Wholoe Valley Site is comes as under:
50,000 Plots of 5~8 Merla,
Averge 5 & 8 Merla = 5*225+8*225 /2 = 1462 Sft
50,000 Plots total areas = 73,100,000 sft or 6,793,680 m²
In my assumption empty, services roads and Plots area 50 and 50%
With 40% empty area total areas comes to = 2 x 6,793,680
= 13,587,360 m² or
3686 m x 3686 m or 3.69 Km x 3.69 Km
This 3.69 Km can be accessed from physical at site.
If some one visited the site, can be estimated that how much plots are vailable in this scheme
Nisar Khan replied on Sunday, October 26, 2008 03:56 PM 

The market rate is 5 lacs according to my iformation.
Jameel replied on Sunday, October 26, 2008 06:03 PM 

Ali OS had done correct Calculation and actual area on google earth is even more than that.
The figues of actual own will come in 2,3 months time, And Looking at this Bulk of plots and Such a high Ratio of sucessful cnadiadtes it is sure that own will not be too much it may range form 50K to 1.5 lac. But It would also be wrong to Judge it by DHA ext Kanal Plots, usually smaller plots are rated more than bigger so you can consider that price of One 5 Merla and one 8 Merla should be equal to One Kanal plot in worst Block of DHA 2 ext, Now if DHA ext 2 has price of about 11+7 lac then the worth of these plots is same as Fixed by DHA.
i dont think small investors will sell it even 5000 Less than they Bought, As it is 100% acquired land so no files will be in circulation to determine the worth in secondary market.
But big negative point here is, I am afraid this area will be developed very late, and residentail potential will start even later. So Consider it long term investment but not bad to hold.
>