Short-term investors are looking for the next cash cow after anticipation around Defence Housing Authority (DHA) Multan’s launch sent property prices soaring, and helped many sell big and close shop. DHA Bahawalpur is slated to be the next hotspot for short-term investors, and for good reason.
In the last week, the market rate of 1-kanal affidavit files in DHA Bahawalpur has jumped from PKR 2,900,000 to PKR 3,200,000. Multan is supposed to be the city that offers a whole lot more, which begs the question: where is Bahawalpur getting its new magnetic charm?
Property agents that I’ve spoken to have reported witnessing a sudden rise in demand for DHA Bahawalpur files, leading to a shortage in the market. Combine this with the built-up sales pressure in DHA Multan and you will find the reason for the current scenario.
What other reasons make DHA Bahawalpur more enticing? Let’s take a look:
DHA Bahawalpur’s affidavit file is cheaper than that of DHA Multan. Moreover, DHA Bahawalpur property rates have lately stayed rather stable and more dependable with a recent upward trajectory. Any price appreciation here currently rests on solid ground realities and not on mere rumours and speculations.
Balloting for DHA Bahawalpur is expected to take place by mid-2017. For any DHA project, the balloting phase is the most attractive for investors. Given past trends, I wouldn’t be surprised if property rates in DHA Bahawalpur see an increase of 20% before the ballot is held. Short-term investors will be able to get their hands on some decent profit before they jump ship here as well.
Paced up development work
Development work in DHA Bahawalpur is currently in its advanced stages. The developer has completed over 70% of the work on its 250-feet wide main boulevard. I have also learnt that DHA is putting a lot of its resources into developing DHA Bahawalpur at top speed. Most of all, property possession for DHA Bahawalpur’s Phase I will be offered in 2018. These factors should tug at the strings of any short-term investor’s heart.
A little something extra
The recently announced DHA Villas is nothing short of an indication that DHA is looking to initiate the development of different facilities and amenities in its Bahawalpur project. Therefore, what we are looking at is a project that offers a little more than just a residential experience. For instance, I have learnt from my sources that work on a university also began soon. Other similar initiatives are also expected for the locality.
DHA is looking to start construction on the villas soon after the list of successful applicants is released. The impact of these developments will present itself in the form of a sharp price rise. And seasoned investors that understand the realty game will be able to gain from said rise.
Smart short-term investors know how to read the trends. Let me know what you think of the trends I’ve discussed in this piece in the comment section below.