There have been several housing projects launched by DHA in various cities of Pakistan that includes Karachi, Islamabad, Multan, Peshawar, Gujranwala, and Bahawalpur. The new chapter in Bahawalpur was introduced in 2015, and since its introduction, it has been pictured as the perfect idea of providing a living comprised of lavish community.
DHA has been transformed into a brand and it has been changing the idea of modern living and raising the standards of living and lifestyle. The DHA Bahawalpur has been one of the first ventures in the city that has been constructed on such a large scale. It is no wonder that it has attracted so many investors from all over the country and even offshore Pakistani investors have shown interest in this project. There has been increasing demand for plots for sale in DHA Bahawalpur.
The Defence Housing Authority Bahawalpur has made the city to be overall extremely exciting for real estate and property investors. There are a lot of investment opportunities in DHA Bahawalpur and in fact, homeowners have also shown great interest in finding a house for sale in DHA Bahawalpur. It has been the first planned community on a very large scale in the city, as many of the other housing schemes or projects found are of a smaller scale. One of the added values of the project is the development of deliverables on a fixed time. The balloting gives the candidates a perfect chance to acquire plots in DHA Bahawalpur and cash them out with higher returns.
Current Scenario
The demand for the housing scheme DHA Bahawalpur has been increasing and the prices of the plots, as well as house for rent in DHA Bahawalpur, has been increased, specifically for the 1 Kanal affidavit files. Many of the analysts believe that the low transfer fees i.e. Rs. 10,000 for these files have been the reason why so many buyers and investors are after them.
The plot files offer the investors 12 quarterly installments that are traded at level rates and it means that there is no premium attached to them. The investors who are looking to buy them or invest in them are willing to pay the exact amount that the owner has paid. Around Rs. 1,577,000 has been paid and there are further four installments to go.
The demand for the DHA Bahawalpur files can be estimated from the fact that on average, even more than 15 files are being transferred in the DHA office on an everyday basis.
Trend in Rates
The market rate is Rs. 2,650,000 available on an allocation file available in DHA Bahawalpur along with the transfer fee rate of Rs. 180,000. The current rate for an affidavit file is around Rs. 2,750,000 in addition to the transfer fee of Rs. 10,000. While calculating the expense, it can be seen that the affidavit files are much cheaper than the allocation files, which explains the high demand for the plots.
It is also observed that the supply of these affidavit files is regulated and managed in a way that there is no oversupply in the market.
Moreover, you can head to ilaan.com to get a clearer perspective on the prices for DHA Bahawalpur and find the best deals for investment.
Developmental Timeline
It can be seen that development is being done at a higher pace in DHA Bahawalpur, in fact, the developmental work for the main access road near Southern Bypass has been even started. The construction gate of the DHA city has also begun.
There are advanced stages of work being done in Blocks A, B, and C. It is also expected that there would be property possession given in these blocks by the end of this year. The authorities have engaged in at least five contracts to ensure that there is a timely completion of the development work, it is a model followed by other DHA projects too.
The DHA Bahawalpur will be providing property possession in Blocks D and E in the first half of this year. The development pace of the work has been overall achieved in a timely manner.
New Development Ahead
It is expected that there is some exciting news coming soon for the developments of society. The news is also being circulated from credible sources that there will be even more rounds of balloting to allocate plots numbers in DHA Bahawalpur.
DHA Bahawalpur is looking forward to launching various deals on installments and that would be more towards the smaller plots sizes. There will be more units in DHA Villas that will be launched by then. New projects are also in the pipelines that would include overseas blocks along with farmhouses too.
New Balloting
With huge success from all over the country that DHA Bahawalpur has received, it has again come up with new bookings for residential as well as commercial plots along with farmhouses too. The bookings will be through the ballot and hence applications are being invited from all over the country including overseas Pakistanis too who want to invest in a lucrative housing scheme generating higher returns. The applications can be submitted in the local banks and also there is an option for online form submission through the official website.
There have been luxury villas and residential plots launched by DHA Bahawalpur that have been balloted on 31st January 2019. However, now it has come up with 5 Marla, 8 Marla, and 2 Kanal residential plots. Moreover, 4 Marla and 8 Marla commercial plots are available as well as 4 Kanal and 8 Kanal residential farmhouses are available too along with other 10 Marla plots for sale in DHA Bahawalpur.
Procedure for Form
The applicant is required to download the form and take a print out. After filling the form, you are required to attach a passport size photograph along with your CNIC copy and you would be required to submit it with the processing fee and the token money if it is applicable to any of the designated banks.
If you want to submit the form online, you would be required to register yourself and provide your information. On the submission of every application, you would be provided with a different bank challan that you would have to get printed and then deposit the amount while getting the copies. You can check the status of the application on the website after 3 working days. For more information, you can always contact ilaan.com to get the best rates for DHA Bahawalpur.
There hasn’t been any deadline announced for the new balloting however, it is recommended that you fill the application as soon as possible because the reason that booking can get closed at any time. after the application process will be completed, the authorities will announce the ballot date and the successful applicants will be asked to submit the down payment to get the allotment of the plots.
Investment Options
The housing scheme has been built on the southern side of Bahawalpur and it is situated on the Main Ahmedpur Road, right opposite the Daewoo bus terminal. It has a prime location and is just a 10-minute drive from the Shaikh Rashid Hospital as well as GT road.
The housing scheme has more than 120 units of 12 marlas, 161 units of 9 marlas, and 323 units of 6 marla private villas in the community. It has the latest infrastructure, and there are plans all set to build an amusement park, golf course, shopping plaza along with a developed mosque. The community is built on a strong security framework, providing maximum security to its inhabitants.
Rough Estimate of Prices
Here is a rough estimate of the prices for different plot sizes, however it should be kept in mind that the prices are varied on different aspects and can differ from the estimate:
- Rs. 15-18 lakhs for 5 Marla
- Rs. 22-27 lakhs for 10 Marla
- Rs. 38-45 lakhs for 1 Kanal
DHA Bahawalpur is considered to be the best opportunity to invest when it comes to real estate and there are highly lucrative investment opportunities in DHA Bahawalpur present. The venture is also expected to expand with the developmental activities taking place that will eventually increase the worth of the project, as well as the living standards too. The majority of the investors have already either invested in the project or are planning to invest in it. The future of the scheme is looking extremely exciting in the upcoming months and it is now the right time for the investors to put their money in this project and get higher gains.
The demand has also been increasing for DHA Bahawalpur plot files where price appreciation is imminent in the short run. If you want to invest in a project that can give you higher returns in the future, then this is the time to make the right choice. You can always get a better perspective on the prices via ilaan.com to make the right choice and get the deal, which matches your needs.
