Ashfaq® replied on Wednesday, April 13, 2016 09:31 AM
Once again, DHA Multan’s official launch expected soon
Posted: 12 Apr 2016 05:37 AM PDT
It is once again that time of the year when the real estate market buzzes with rumours about DHA Multan’s official launch. This time again, the stake holders and estate agents seem very convinced that the project will be launched “real soon”. A few believe that it will happen before the second quarter ends.
According to my sources, too, the concerned folks have been given a go-ahead for the launch. Readers must, however, bear in mind that there hasn’t been any official announcement in this regard yet.
DHA Multan is among Pakistani exhibitors showcasing their projects at the International Property Show (IPS), which is currently being held in Dubai. The visitors at IPS have learnt that DHA Multan will offer plots on instalment soon after Eid-ul-Fitr, which means that the project will be launched at least a month and a half before that.
If we take this information at face value, DHA Multan should officially be launched by the end of April or mid-May, 2016 and balloted soon afterwards so that plots can be launched on instalments. Rumour has it that the official rate of 1-kanal residential files will be approximately PKR 5,500,000. At the moment, these files are being traded for PKR 3,250,000.
My sources also claim that DHA will simultaneously launch 10-marla plot files at around PKR 3,700,000. At the moment, only 1-kanal files are being traded in the market. In the last 4 months, I have seen a constant rise in the value of these files. Per stats recorded by Zameen.com, the average sale price of 1-kanal plot files was PKR 2,865,000 back in December 2015. In other words, the market value of these files has gone up by PKR 13.44% in the last 4 months. I recommend you check our listing pages for plot files for sale in DHA Multan.
These allocated files currently circulating in the market are confirmed files awaiting plot numbers. Bodla Builders Realtors & Developers Co-CEO Junaid Bodla told me that development work is currently underway on the Main Boulevard of DHA Multan’s Phase I and the boundary wall, while the gates have already been installed. This means that the town plan is in place and that all issues related to land acquisition have been resolved. The project only awaits an official signal to launch.
In terms of demand and price appreciation, DHA Multan has been one of the most stable DHA projects that have emerged recently. I have hardly ever seen the value of these files drop beyond a certain limit and there are buyers at all times.
DHA Multan’s participation in IPS shouldn’t be taken lightly, either. We haven’t seen the developer take an interest in such projects in the past. If what we hear about the project’s official launch turns out to be true, DHA Multan can breathe life into the real estate market of south Punjab. Moreover, the difference in the rates of files and the expected rates of the plots is also very tempting.
If these 1-kanal files are being offered at PKR 5,300,000 on cash basis. Those who own them today can become more than PKR 2 million richer in just a few months. In terms of percentage, we are talking about a profit of 60% in the short term!
What are your thoughts? Let me know in the comments section below.
Once again, DHA Multan’s official launch expected soon was last modified: April 12th, 2016 by Samra Zulfiqar |
