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DHA Valley-Islamabad,

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   Pharmacist
Thursday, December 3, 2009 04:38 AM 
Reply: >
I have 6 plots in DHA Valley and DHA Overseas block Islamabad and I have paid five instalments for each till todate.
I never wanted to buy 6 plots but got trapped.
When DHA announced for ballot I applied for 4 with the thought in mind that I may get 1 plot atleast in the ballot.
Later on DHA announced DHA-Overseas block. Since I am an overseas pakistani and DHA announced that every one who applies in DHA-Overseas block will definitely get plot so I applied 2 in overseas block.
Uptil this time I never thought and knew that DHA is announcing this scheme in collaboration with Bahria town. If I would have known this parternship I would not have applied more than 1 or 2.
Later on I was alloted all the 6 plots which I applied for.

My question is the future of DHA-Valley and DHA- Overseas block after 3 years given the fact that I am paying all instalments in US Dollars.
Since I am working overseas earning good so I am able to pay instalments without problem but I am concerned whether the investment is really profitable after 3-5 years or not.
All feedbacks will be appreciated.
Thanks
Pharmacist
SALEEM replied on Thursday, December 3, 2009 05:35 AM 

DHA OVERSEAS BLOCK HAS NO FUTURE. EVEN AFTER 3 YEARS MAP IS NOT PREPARED. DHA IS IN FINANCIAL CRISES. THEY CAN'T BUILT ANY PROJECT WITHOUT BAHRIA TOWN HELP. FOR OVERSEAS BLOCK U HAVE TO WAIT 10 YEARS ATLEAST. THIS BLOCK IS INTRODUSED ONLY TO TRAP THE OVERSEAS PAKISTANI AND TO GET DOLLERS. THEY ARE NOT ABLE TO BUILT DHA PHASE-2 EXTENSION ALSO. THEY HAVE CHARGED DEVELOPMENT CHARGES OF 14.65 LAKS RUPPES AT ONE KANAL PLOT PLUS THE FILE CHARGES OF 10 LAKS. DHA VALLEY HAS 80,000 KANAL AREA AND DHA PHASE-2 EXTENSION HAS AREA OF 50,000 KANALS. THE MAP PROVIDED BY AMERICAN CONSULTANTS OJMR IS NOT FISIBLE ACCORDING TO GROUNG CONDITIONS. THE AREA IS VERY DIFFICULT. IS WILL TAKE AT LEAST 8 TO 10 YEARS TO COMPLETE THIS PROJECT.
EVEN THE COMMONER'S TOWN WHICH HAS 7000 KANALS AREA HAS TOOK 4 YEARS AND STILL UNDER CONSTRUCTION. DHA ANNOUCED THE POSSESION IN COMMONERS TOWN IN MARCH 2009 BUT FAILED TO DO IT. NOW IT IS EXPECTED IN FEB-2010. SO U CAN IMAGINE THAT 7000 KANAL AREA WILL TOOK THE TIME OF 5 YEARS. THEN THE 135,000 KANAL AREA OF VALLEY & 2-EXT. WILL TAKE HOW MUCH TIME. DHA IS NEAR TO DEFULT NOW. SO DON'T PAY THEM ANY MORE. SELL YOURS PLOT AS SOON AS POSSIBLE. OTHER WISE AFTER FEW YEARS YOU WILL BE CHARGED AGAIN SOME DEVEPMENT CHARGES DUE TO INFLUATION IN CURRUNCY. THIS IS MY ADVISE TO ALL PAKISTANIS WHO SPENT THEIR LIVES TO MAKE MONEY. U SHOULD NOT THROUGH YOUR MONEY TO DHA. DHA PHASE-2 ISLAMABAD PROJECT IS THE ONLY PROJECT THAT COMPLETE IS 3 YEARS. BUT THE 1 KANAL PRICE IS AVAILABLE IN 40 LAKE RUPEES WITH POSSESSION. WHILE BAHRIA TOWN PHASE-1~4 HAS PRICE OF 80 LAKS TO 120 LAKS. SO, DHA FUTURE PROJECTS ARE NIETHER GOOD FOR INVESMENT NOR FOR MAKING HOME.
I AM WORKING IN DHA VALLEY & DHA-2 EXTENSION AS AN ENGINEER. SO I KNOW THE FACTS THAT NOBODY KNOWS.
Farid-UAE replied on Thursday, December 3, 2009 05:39 AM 

In my humble opinion, it is not advisable to have six plots in the same scheme, even if the scheme is doing good. or people say that after 5 years, it give give tremendous profits. It is always advisable to have plots in different societies /different locatinos so that if something bad happens with the location/corrupt society etc, ur entire investment is not at stake.

I will recommend to sell at least 3 plots at a loss.. and u can keep the remaining three..ALso, u will not get any benefit of rupee devaluation as u r paying in US $.

Anyway, think before u do anything...There is a saying,,dont throw good money after bad money..so take a bullet (loss) and get out
Lahore Estate replied on Thursday, December 3, 2009 07:10 AM 

It is not a good investment to keep even for one plot. I would request you to sell and buy DHA Islamabad phase 2 ext. That one kanal plot is 100 times better than these 6 plots in DHA Valley.
WellWisher replied on Thursday, December 3, 2009 08:19 AM 

Saleem Sahib can you through some light on DHA Isl Phase I Ext? What is its latest status of development and its future prospects. Regards
Irfan replied on Thursday, December 3, 2009 09:13 AM 

Any update on DHA valley offering plot mergers options?
Arfan Shahzad replied on Thursday, December 3, 2009 11:30 AM 

Am a victim of DHA Valley as well. getting more depression day by day. Always think if it is such a bad investment then why there are buyers? I remember that at the time of 1st balloting there were some unsuccessful (LUCKY) applicants. Time never returns. Finding it difficult to book daily increasing loss (confuse decision maker, when it comes to money). some times feel is it justified to think of profits soon after balloting??
syed asghar ali replied on Thursday, December 3, 2009 11:32 AM 

Dear Saleem & expert,

Please advise as I bught 8 Marla DHA home in 2008.

I can get the possision excat 3 years in 2011.
It will be suitable for living after getting possion.
Is it good investment or I have to switch my investment right now.
What will be the value of the home after getting the possission as in Lahore home has price almost 1 crore now.
atiq raja. replied on Thursday, December 3, 2009 03:48 PM 

i am agree with saleem and lahore state.
Visitor replied on Saturday, December 5, 2009 01:35 PM 

Pharmacist what's your conclusion/decision after going through the comments offered by friends. Regards
SALEEM AWAN replied on Wednesday, December 30, 2009 05:07 AM 

MR. wellwisher sab. I WILL BRIEF YOU ABOUT DHA PHASE-1 EXT. ISLAMABAD.

ACTUALY PH-1 EXT. IS SATUATED IN RAWALPINDI NOT ISLAMABAD. PH-1 EXT. IS LAUNCHED IN 2005. IT ONE KANAL FILE STARTING PRICE WAS 36 LAK RUPPES. NOW IT FILE PRICE IS 6 TO 7 LAKS. SO, YOU CAN IMAGINE THE PROPERTY POSITION. IN 4 YEAR THE ONLY INTERCHANGE AT ENTRANCE POINT OF PHASE-1 MAIN ROAD. THIS INTERCHANGE IS NOT YET COMPLETED BECAUSE DHA HAS NO MORE MONEY TO SPEND. THE REST OF PROJECT SECTORS ARE NOT STARTED YET. SO, THE PLOT RATE IS DECREASED FROM 36 LAKS TO 6 LAKS. I WILL GIVE YOU THE SUGGESION THAT DON'T BUY ANY PLOT IN DHA ISLAMABAD EXCEPT DHA PHASE-2, DHA COMMONERS TOWN. THE DHA PHASE-1 EXT., PHASE-2 EXT. OVERSEAS BLOCK, DHA VALLEY ARE IN THE AIR. DHA COMMONER'S TOWN IS IN DEVELOPMENT AND WILL COMPLETED IN 18 MONTHS. DHA HOMES IN UNDER DEVELOPMENT AND WILL TAKE 3 YEARS.
oversear replied on Sunday, January 31, 2010 03:02 AM 

pharmacist, i am exactly in the same position. I am an overseas pakistani have 4 plots in Dha Valley and Overseas Block and one commercial avenue 4 marla plot. I also invested thinking of this as a very good investment. I am wondering what decision did u make regarding your plots...?
nawabzada nasrullah khan replied on Saturday, March 20, 2010 07:04 PM 

now what is the position in March 2010. whether it is good for future or headache for future. ur comments will be highly appreciated.
asad replied on Sunday, July 25, 2010 10:47 AM 

Thanks GOD that i have only one plot there, but frankly speaking its more near to Kohata than Islamabad, and also want to sell the one i have.
bashir ahmad shad replied on Tuesday, July 27, 2010 09:54 AM 

i have also purchase a plot of 7 marla, but no doubt it was a froud with innocent people, initialiy it was declared that only few hudnered plost will be soldt out , but at the time of draw , mor ethan 50000 plots have bivne given to generla masses....its very sad that--dha have good name but these plots cannot be sold out agaisn its purcahseing price----please i think a case should be filed agisnt the cruel designes of dha valley adminsitration as whast they have done at location after gettting billions of rupees.
bashir ahmad shad replied on Tuesday, July 27, 2010 09:54 AM 

i have also purchase a plot of 7 marla, but no doubt it was a froud with innocent people, initialiy it was declared that only few hudnered plost will be soldt out , but at the time of draw , mor ethan 50000 plots have bivne given to generla masses....its very sad that--dha have good name but these plots cannot be sold out agaisn its purcahseing price----please i think a case should be filed agisnt the cruel designes of dha valley adminsitration as whast they have done at location after gettting billions of rupees.
bashir ahmad shad replied on Tuesday, July 27, 2010 09:55 AM 

i have also purchase a plot of 7 marla, but no doubt it was a froud with innocent people, initialiy it was declared that only few hudnered plost will be soldt out , but at the time of draw , mor ethan 50000 plots have bivne given to generla masses....its very sad that--dha have good name but these plots cannot be sold out agaisn its purcahseing price----please i think a case should be filed agisnt the cruel designes of dha valley adminsitration as whast they have done at location after gettting billions of rupees.
waqar replied on Sunday, August 29, 2010 10:53 AM 

Any Body know about DHA Homes islamabad construction status.When they would be able to deliver. Last time they delivered DHA Villas before time. So what we can expect for DHA Homes.
Jameel replied on Thursday, October 28, 2010 08:17 AM 

i purchased one 5 marla and 1 8 marla in dha valley.But i am not in hury .I can wait up 5 years.I wana make my house there.Is this okay?
Tauseef replied on Tuesday, April 26, 2011 05:11 AM 

One of my friend has asked me to buy 8 marla plot from him in DHA valley. Can anyone help me if its feasible to invest my money in it as the demand is PKR 924,000??? Like to know the construction status? its location? as i dont know any thing about it.
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