DHA City Karachi has finally announced the balloting date for limited residential plots. Thousands of people registered for this short ballot 2017 from all over Pakistan as well as abroad in April 2017.
As per the announcement, DHA City Karachi is going to conduct open computerized balloting of residential plots on 14th June, 2017 at DHA Country & Golf Club, DHA Karachi.
As per the claim, the balloting will be:
- No Categorization
The ballot ceremony will take place at DHA Country & Golf Club in DHA Karachi at 3:00 pm. The event is open to public while invites have also been sent to special guests who will honour the ceremony with presence.
The list of successful applicants for DHA City Karachi plot will be uploaded on their website shortly afterwards.
Details on plots included in the ballot
The plots launched in April on a four-year payment plan were an irresistible deal for many, primarily because no major real estate developer has been offering such a convenient payment plan. In addition, DHA City Karachi has seen major development, with many sectors already in advanced development stages. The project looks potentially rewarding in terms of experiencing a surge in rates.
Check out the payment plan that was given out at the time applications were being filed:
|Plot Type||Processing fee||Base Price||Down Payment (10%)||Sixteen equal quarterly instalments|
|125 square yards||PKR 8,000||PKR 3,750,000||PKR 375,000||PKR 210,938|
|250 square yards||PKR 10,000||PKR 7,500,000||PKR 750,000||PKR 421,875|
|300 square yards||PKR 12,000||PKR 9,000,000||PKR 900,000||PKR 506,250|
|500 square yards||PKR 15,000||PKR 15,000,000||PKR 1,500,000||PKR 843,750|
|600 square yards||PKR 18,000||PKR 18,000,000||PKR 1,800,000||PKR 1,012,500|
|1000 square yards||PKR 20,000||PKR 30,000,000||PKR 3,000,000||PKR 1,687,500|
Post ballot predictions
In any housing society, plot that are smaller in size are always more attractive for investors. It is often these plots where the asking profit is higher. Since DHA doesn’t share information about the number of plots it has on offer according to size before the ballot, we can’t tell if small-sized plots are fewer in number.