Recently DHA is the topmost investment choice amongst financial specialists and investors of Karachi and Lahore. Because of trouble-free property transfer method and investment security offered by DHA, foreigners and overseas Pakistanis to consider it a primary investment option.
Here is a suave comparison between DHA Karachi and DHA Lahore in terms of real estate, lifestyle and investment potential.
DHA Karachi has concreted roads and efficient security arrangements for its residents. Located in the southern region of Karachi, near Clifton, DHA encompasses 8 phases. All the phases of DHA are well planned and equally developed. DHA Karachi is the center of focus for those who wish to build deluxe homes and live in bungalows. Nevertheless, that does not mean you cannot find flats or apartments here. There are numerous choices available if you are looking to purchase an apartment. Most of the apartments are situated in the newly constructed housing schemes and designated commercial areas. DHA is surely one of the posh areas of Karachi. The area is renowned for its state-of-the-art shopping centers, eateries, spas and salons, and designer boutiques.
DHA Lahore is located in the southern region of Lahore. DHA Lahore is also one of the generally known real estate brands of the city. The housing project is widely known for its luxury standards of living. The venture features all essential and other breathtaking features to make this scheme one of the most appealing choices. The project mostly provides houses and residential plots. Nevertheless, similar to Karachi, you can find flats and apartments in DHA Lahore too. The housing scheme observed massive expansion over the years and now it has a total of 9 phases. The community encompasses modern shopping centers, highly equipped hospitals, a number of restaurants, gyms, and parks.
Budget is the most essential factor while going for a real estate investment. Let’s compare and discuss DHA properties for sale and ongoing price trends of DHA ventures in the two cities.
When it comes to defence housing properties for sale in Karachi, the houses prices start from PKR 2.5 crore to PKR 60 crore. On the other hand, an apartment can be on sale for PKR 40 lakh to PKR 8 crore. Around PKR 1.65 crore to PKR 35 crore is needed to buy a residential plot in Defence Karachi.
If you are interested in buying residential plot for sale in DHA Lahore, the price of a house here can cost between PKR 85 lakh and PKR 22 crore. Meanwhile, an apartment can cost anywhere from PKR 1 crore to PKR 3.56 crore. A residential plot, on the other hand, can be an investment of PKR 28 lakh to PKR 22 crore. For the latest DHA phase 7 plot prices, click here.
Lahore is one of Pakistan’s ethnically rich cities, having a lot of history associated with its name. The capital city of Punjab is also known for its welcoming and warm people and its traditional events. Along with being a clean and pleasant city to live in, it is also quite safe. The summers here are intense though with rainy and mild winters.
Overall, Lahore is a nucleus of historical architecture, national monuments, food streets and a central transport system that lets you travel between it all. The city sleeps early, as it is not known for its nightlife. People of Lahore prefer to live in houses as compared to apartments.
Also recognized as the ‘City of Lights’, Karachi is a city that rarely sleeps with restaurants being open well after midnight, even on weekdays. The city experiences mild winters and hot summers. Nevertheless, it might not be as secure or clean as the other city we are discussing. Being Pakistan’s major economic center, it is the go-to place for many small families and job seekers.
Food is easily obtainable in the city to all and is fairly reasonable in price as compared to parts of Punjab where food is high-priced. Karachi does not have a central transport system. Nevertheless, rickshaws and public buses are easily available to commute from one place to the next. People of Karachi prefer to live in apartments as compared to houses.
For the latest updates about DHA projects, stay tuned to Next Home—an online property portal.
According to a recent publication, The Defence Housing Authority (DHA) Multan has requested its members to submit their installments and dues for being envisioned for inclusion in the authority’s forthcoming balloting procedure.
DHA Multan features contemporary infrastructures accompanied with the innovative landmarks on model location over 9000 acres. It encompasses a wide range of Commercial plots (4, 8 Marla), Residential Plots (5, 8, 10 Marla & 1, 2 Kanal) and DHA Multan Villas (6, 9, 12 Marla).
It is the start of a supreme lifestyle with all modern features to bring accommodation that is at par with international standards. For further information and inquiries regarding investment plan, you can visit DHA Multan offices located on the Multan Public School Road.
Stay connected to our latest news regarding DHA Multan ballot.
DHA Bahawalpur recently announced possession for selected plots in Sector A, B, C and development charges.
In development charges list of DHA Bahawalpur, the management of DHA Bahawalpur announced possession, DHA Bahawalpur available plots, the development charges for the society and development charges of plots.
Development work is started for Sector E also. All Villas are allocated in Sector D. All down payment paid plots have been canceled and will be refunded. All short paid plots will be also balloted but plot number will be given after complete payment.
Kindly, check your plot. If your plots include in possession area then simply pay the first installment of development charges and get possession so then you can start construction for your home.
These new upcoming Sectors will have a better location and near to the Canal. For more updates, stay tuned to Next Home. You can view the list of allotters online.
Congratulations to all DHA Bahawalpur Allottees & Management Team
DHA Valley Islamabad has seemingly conducted its 2nd phase of mega re-ballot on 22nd of April 2019. It is coined as “Re-Ballot 2”, and different from the previous ballot in December 2018, this re-ballot appears to have included a large number of residential property files.
More than 10,000 files have been integrated in this re-ballot, however, we will update the confirmed information once it is disclosed officially.
The next re-ballot is anticipated to be held by August 2019 which will include the left-over residential property files, and also it may include leftover houses as well as commercial plots.
We will update you soon as more information about the “Re-Ballot 2” results is available to us, so keep checking back to find out more updates!
With the erratic ascent and falls in the property market in Pakistan, individuals who are keen on land and much inquisitive to think about the fate of real estate in Pakistan. Potential investors are continually admiring what lies ahead and early bits of knowledge can enable readers to think about the further shake-up in the property.
In 2018, we witnessed that the real estate market is in energetic progress about folks as well as in the development point of view. We also observed property scams, frauds, and scandals at various regions of the country. So, it is an inquisitiveness of people to know about the upcoming status of the property market especially regarding Gwadar updates and Lahore property market updates.
We have observed substantial growth in some areas in 2018 including probably each province of Pakistan. It seemed to be a contest for developers who wanted to grow the real estate market at a customary level. Lahore, Karachi, Islamabad, Quetta, Faisalabad and many other considerable areas of Pakistan can be included in that list. Contractors are looking for the engaging spots of the provinces to attack the folks for a cost-effective investment.
If we talk about those who are interested in making the best investment, prevailing housing market scams make people rational enough to decide why, where and how to invest in the market. And 2018 showed a number of property scams.
From last month property prices are getting down due to the extending podium of real estate which is providing the people more opportunity to invest in property to make it an asset.
In terms of development and construction, the market is expected to be steady and offer boundless opportunities. The best properties to invest in 2019 lie in residential and commercial plots for sale in Bahria Town Lahore, Gwadar Port; considering the effectiveness and risk factors of these areas. Click here to read about the latest Bahria Town Lahore prices updates on residential plots for sale.
With the notice of current property tax of more than 05 Lacs for those who purchase land, property drift is expected to decline but this decrease is not anticipated to be a long-term one. The tariff varies according to the investment choice that one makes. People are trying to find a solution of this problem and discuss the issue with their property consultants to subsidize towards the steadiness of the real estate market.
When it comes to the real estate market of Pakistan, it seems more like a market of purchasers than the sellers. The fact is, commercial or residential properties for sale are always more in number than the number of purchasers. The actual purchasers are normally waiting for the rates to drop so that they can buy commercial and residential property for sale at cheaper rates. In this respect, the sellers are even more eager than the purchasers as they face difficulty in finding trustworthy buyers.
It is believed that people who want more western prospects are interested to buy farmhouse lands and Defence property, that lets the property contractors to offer an extensive range of modern and natural housing facilities. There are presently a lot of openings for buying commercial or residential property for sale in Lahore, but now people are looking for an all-in-one opening where they can enjoy safe investment with a gorgeous lifestyle and at reasonable rates.
Next Home provides the best property consultancy regarding houses for sale in Bahria Town Lahore and other areas to meet all your real estate demands and keep you connected. We have the best team of property consultants holding skills and the required real estate knowledge to accommodate your property demands perfectly.
The real estate market continues improving further in April. Considering the same trend in the coming months of 2019, DHA property trends are expected to boost up. The demand for DHA properties for sale is mounting with the development of suburbs of Lahore.
The last quarter of the year in property dealing industry is normally the best time for exit. The first quarter is usually purchasing period. We will study different viewpoints with regard to descending, ascending and steady trends.
Phase 7 residential plots in the lower portion have observed a slight dip in rates as the possession bubble which added 1.2 to 1.5 million gusts. This was a very insignificant increase in price with respect to the long-anticipated possession in terms of a house for sale in DHA Lahore. Phase 9 Town has observed a slight reduction but as the number of houses is on the rise, we believe rectification would take place adding anywhere between 3-5 lacs in rates.
Phase 6 CCA 2 has seen depression in rates and seem very profitable as future investments. Phase 8 CCA 1 and 2 have observed a dip in rates and are a long term investment plan. Phase 8 Z block commercials are steady for now. It would also seem a very money-spinning option from a commercial investment perspective.
Recently, DHA phase 5 house for sale has seen a slight upsurge in rates. Although insignificant, but the rates have augmented a bit. Phase 6 has also witnessed an escalation in prices, especially L block and K block which were previously underrated in comparison to neighboring blocks.
DHA Rahbar files, particularly 4 marla commercials, are at the low rates. This means this would be the high demand time for Defence Housing properties for sale. Phase 8 residential plot in DHA Lahore have also witnessed steadiness with respect to rates. Similarly, Phase 7 upper portion remains steady. Phase 6 CCA remains steady despite positive features i.e. trademarks opening up. The main reason is the rental return which is on the very low side.
Goldcrest DHA Lahore Mall and Residency project is doing as per probabilities. Rates for smaller apartments are now at 18000 per sq. ft. as expected though 2 bed apartments above 1600 sq. ft. are still available for 15000 per sq. ft. and we recommend you to invest in the few 3-bed apartments which are left at the launch price as premium is growing on the smaller apartments every month.
The trends in residential property have witnessed a significant zigzag. The drift towards DHA phase 2 houses has increased as with the 10 marla house for sale in DHA Lahore. Stay tuned to the upcoming blog at Next Home for a complete understanding and guidance regarding selling and buying of property.
“My vision for future cities is to allow buildings to rise vertically and ensure more green areas in Pakistan. As it is one of the most environmentally threatened countries.” -- PM Imran Khan
Afterwards, the premier announced that he would avoid large sprawling built-up areas and would also allow the easier provision of amenities to high-rise building projects in Pakistan.
The expansion of high-rise buildings began as a vital necessity when urban areas were no longer to expand horizontally, so needed to grow vertically. High population growth rate in urban areas means that land prices rise high, small room for expansion on the peripheries of the city and thus high-rise buildings provided a solution: more area for commercial as well as residential spaces within the country.
The federal cabinet had approved the PM’s initiative of permitting construction of high-rise buildings in the capital. And same would go for the housing projects in Lahore and other major cities.
“Emphasis on vertical structure is the need of the hour in view of the increased population and fast depleting green belts, especially in major cities of the country.” -- PM Imran Khan
Before that, the Capital Development Authority (CDA) used to encourage horizontal construction as the maximum height allowed for a building in the capital is approximately 420ft. Within 3 to 5 years, it is estimated that there will be an inception regarding recurrent construction of apartments in Lahore as compared to horizontal development.
High-rise buildings give a prompt answer for the lack of space in the city. A number of individuals can live nearer to their occupations and loved ones. It additionally expels the requirement for expanding the city by taking significant areas like agricultural grounds neighboring it.
Also, high-rise structures enable the city's horizon to be progressively perceptible. The structure itself gives a dazzling perspective on the surrounding city and gives a visual favorable position over different structures. The city additionally turns out to be increasingly perceptible and supports maintenance of territories encompassing the structure.
Obviously changing from a regular city to a horizon commanded by high rises buildings is troublesome for a nation like Pakistan. A little advance could be to fuse tall structures into development projects which incorporate both business and private spaces, similar to shopping centers with apartments on upper floors. Furthermore, soon after, there will be towers for workplaces and others for living.
QUETTA: Balochistan Chief Minister Jam Kamal on 10 March initiated the Gwadar Water Treatment Plant, and the authorities informed Jam Kamal that is costs around Rs 300 million for the completion of the water plant.
CM requested an enlargement of the district headquarters (DHQ) hospital with the addition of 50 beds to remove the difficulties for the public of Gwadar.
Read more: Loans for Affordable homes
Gwadar Development Authority (GDA) Director General Sajjad Baloch was also present at the ceremony. He said that the water treatment plant project had been achieved within a short period as per the CM’s orders. He also stated that the water plant's pipeline would also be developed within the next ten days.
Director said in the interview "That plant would be able to provide water to the residents of Gwadar for agricultural and domestic use.”
CM showed his satisfaction related to the completion of the water treatment plant project. In addition, he also briefed the plan about the inauguration of tree plantation drive with the help of the water plant project.
“The provincial government is taking speedy measures to provide quality health facilities to the masses at their doorstep and to revamp the health sector in the province. Work is under way on a policy to appoint doctors on contract and ensure availability of medicines in all DHQ hospitals,” he said.
Lotus Group recently launched Lotus - Apartments & Villas, in New Lahore City, Canal Bank Road, Lahore. According to Lotus Group, Lotus was designed to keep in mind the low budget buyers, that are often neglected by most of the real estate developers.
Lotus is offering:
All properties are being offered on easy instalment plan of 2 years and booking starts only from 10%. Lotus is offering two types of payment plans: quarterly instalment plan & construction growth based payment plan. Each buyer may choose payment plan according to it's own comfort and satisfaction.
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A Peshawar High Court bench has pointed the federal government to grant funds to the Sui Northern Gas Pipelines Limited within a month to supply natural gas to the provincial assembly’s constituency in Mardan, PK-55.
Chief Justice Waqar Ahmad Seth and Justice Abdul Shakoor delivered the directions before disposing of an appeal, which had challenged the suspension of work on the gas supply project launched during the last government.
The government had claimed that it had transferred PKR 142.882 million to the SNGPL’s assignment account for the gas project and PKR 115.28 million of it was spent on 76km gas pipeline network.
The lawyer of SNGPL declared that funds for the project were sanctioned on Jul 20, 2017, before PKR 142.88 million was released to the SNGPL as the technical supplementary grant. But now, the court has ordered the endowment to be splurged again.
For more updates and news, stay tuned to Next Home.
“Instead of increasing the water tariff, the agency wanted to bring more people into the tax net.” --WASA Managing Director Raja Shaukat Mehmood
The Water and Sanitation Agency (WASA) has launched a crackdown on more than 8,000 defaulters in the 46 union councils of Rawalpindi.
“The agency would arrest defaulters under Section 33 of the Punjab Development Cities Act 1976 and their properties can be confiscated under Section 81 of Land Revenue Act”. --Managing Director WASA
The managing director said that during the last six months, WASA collected Rs95 million dues from defaulters. He expressed the hope that the civic agency would achieve the target of Rs200 million by the end of the current fiscal year.
For more updates and news, stay tuned to Next Home.
Second consultative negotiation of the Federal Commission on review of Islamabad Master Plan 2020-2040 was held on May 16th at the Pak- China Friendship Centre Islamabad.
“Work for the revision of Bylaws and will be finalized soon. Approval will be sought from the CDA Board within four weeks.” --CDA Retd. Officer Hafiz Ehsan Ullah
A facility of an online forum will be made available to the public for submission of their inputs into the Master Plan Islamabad.
Under discussion, matters included gaps in the IMP of 1960 until now. Continued problems and scopes of improvement were welcomed from the participating parties. These included several NGOs, international organizations, private associations, consulting town planners, architects, and engineers.
For more information, stay tuned to Nexthome.pk
The Punjab Government has given an approval of nine development schemes worth PKR 48 billion on May 14.
P&D Chairman Habib-ur-Rehman Gilani chaired meeting of the Provincial Development Working Party (PDWP) for the current financial year 2018-19. In it nine development schemes were approved including:
GIS Integrated Computerization of Urban Immovable Property Tax (UIPT) System at the cost of PKR 996.584 million,
Rural Accessibility Program (RAP) for 2018-19 pertaining to Punjab Highways Department North Zone at the cost of PKR4.889.157 billion,
Water Supply Scheme, Fazaiya Housing Colony Turnol Tehsil, and District Rawalpindi at the cost of PKR 547.089 million,
Rural Accessibility Program (RAP) for 2018-19 pertaining to Punjab Highways Department South Zone at the cost of PKR 6.157.831 billion,
DG Khan (Umbrella PC-I) at the cost of Rs559.988 million, dualization of Khanewal-Lodhran Road at the cost of PKR 22.295.157 billion,
Rural Accessibility Program (RAP) for 2018-19 pertaining to Punjab Highways Department Central Zone at the cost of PKR4.394 billion,
Progressing Punjab by Entrepreneurial Development of SMEs (PPED) at the cost of PKR 6 billion
Developing SME sector through Loan Markup Support Program (LMSP) at the cost of PKR 3 billion.