DHA Lahore Master Plan
Heavy buying is witnessed in DHA Lahore phase 9. Its getting extremely difficult to find DHA 9-10 files at still very low price.
Why DHA 9-10 is gaining price sharply?
1) Supply of NEW files against the land is almost at end as DHA Lahore have acquired over 97% of needed land in DHA 9-10. DHA now have enough land to start town planing today.
Since each 1 kanal allocation file is issued against 4 kanal agriculture land in DHA 9-10 mster plan its now impossible to get a new file made under 22 lacs due to very high cost of agricultural land higher registry fees and more money paid to Patwari sahban. It costs 22 lacks to get a new DHA 9-10 file made.
I know you will ask me than why people sell 22 lacs worth file for 6 to 8 lacs lower than their actual cost?
Uneducated people that bought their land in DHA 9-10 area 20 to 30 years ago at just Rs 10000 to 20000 per 8 kanal start the process of giving their land to DHA Lahore too after looking other people in their neighborhood doing same thing. They give their own 4 kanal land free of cost to DHA for each one kanal file. They also agree to pay registry costs and also agree to pay development charges on that one kanal file. These old guys pay money to Patwaris for get their fird docs ready and than registry their land to DHA Lahore on their own cost. DHA checks their land ownership rights make announcements in newspapers and take possession of land from owners and place their posts in that land. After 3 to 4 months of all legal and paper work Finley DHA lahore issue an allocation letter to the uneducated land owner on just a plain paper with one small signature of DHA land department officer. The land owner start to get extremely worried by looking at that plain paper letter and have no idea of the actual trust worthyness or value of that plain paper letter. Uneducated land owner thinks he is defrauded and have given registry to DHA and given possession to DHA and all he is getting is a letter on a plan paper. This villager want to see things written on stamp papers or want to have cash paid to him right away. He orders his dealer to sell the new files he got immidailty to get cash as soon as he sees the intimation letter or allocation letters. At time of sale of files he dont care about actual worth of his file because he bought same land for just few thousand many years back. He is happy to sell his 10 or 20 file and buys new agriculture land near border or goes to car dealers and tell them to sell him most expensive car because he dont know the names of cars :).
2) Lot of development work inside DHA 9-10 and out side DHA 9-10 is going on now. Inside DHA 9-10 area you have Elete homes and Askari 11 and DHA town under development and under DHA 9-10 area you have country homes and Eden lands hosing schemes under development and on all sides of DHA 9-10 you have developed or under development schemes . Take a look at attached map and you will see DHA 9-10 is not as big as we all think. It will have little more plots in it than we have in DHA phase 7.
3) With Ring road under construction around DHA 9-10 and with interchanges under development in front of DHA 9-10 on DHA 5/6 and State life DHA 9-10 is now less than 5 minutes away from Lahore Air port and next to area where plot price is 1 crore per kanal today. Seeing huge infrastructure inside and around DHA 9-10 is making most people more comfortable in buying DHA 9-10 file at current discount price of at least Rs 6 to 8 lacs from their actual worth of 20 to 22 lacs.
4) Most people that invest in property market and look for short term gains chose to go with DHA files because they are easy to buy and sell latter. A file can be bought or sold in 5 minutes tome. On other hand a good plot can be sold in 1 day or it could take 6 to 7 months to find a buyer for it. People dont know true worth of a plot but fair trading rate of files is very easily available due to too much completion between file dealers. So people are more comfortable in DHA files than plots if they are just going to make investments for gains. People are afraid that they may buy a plot two or three lacs more than market rate if they had a bad dealer but they are not as afraid because files could be only 2 to 3 thousand more even if they bought it more than market going rate from some dishonest dealer.
Until recently only DHA 8 and DHA 9-10 were heavily traded and easy to buy sell so they were highly popular and since DHA 8 is balloted so people are preferring to buy DHA 9-10 allocation files. Demand of DHA 9-10 is now rising with every day passing and is very likely to keep rising slowly until its worth 18 to 20 lacs.
5) With DHA 8 ballot already done its very likely that DHA 9-10 ballot will be done within next 12 to 18 months and All DHA 5 ext and All Park view files MAY BE part of that DHA 9-10 ballot. There will be many smaller size plots on installments in some blocks of DHA 9-10 in that ballot. Average price of one kanal plot in DHA 9-10 will be 40 to 45 lacs including development charges of 11 too 12 lacs. DHA 9-10 plots will be handed over in 4 to 5 years at max. This is my personal guess only based on some fact I cant share post or discuss here on this public page.
Ch Mujahid Yasin
03224009967
