Yes, it is official!
After a long wait, the Defence Housing Authority (DHA) is set to launch DHA Multan tomorrow. The ceremony will be held at DHA Multan, Bosan Road, and will begin at 11 am. Invitations for the event have been sent to all officials concerned.
After the official launch, DHA will begin accepting applications for the plots on offer. The late date to submit an application is March 31. According to a DHA official, the balloting will take place a month after this. Furthermore, the official map for DHA Multan will be rolled out within four to five months.
The project has kept investors excited for the past couple of months, and with good reason. If you are looking to get your hands on some property within this project then read on.
On offer are 5 marla, 8 marla, 10 marla, 1 kanal, and 2 kanal residential plots, along with 4 marla and 8 marla commercial plots.
Check out the payment plan for the plots below:
|Processing Fee(Non-refundable)||Total Price (Excluding Development Charges)||Down Payment 10% (within 30 days of balloting)||12 Quarterly Instalments|
|5-Marla Plot (Residential)||PKR 5,000||PKR 2,000,000||PKR 200,000||PKR 150,000|
|8-Marla Plot (Residential)||PKR 7,000||PKR 3,000,000||PKR 300,000||PKR 225,000|
|10-Marla Plot (Residential)||PKR 9,000||PKR 3,500,000||PKR 350,000||PKR 262,500|
|1-Kanal Plot (Residential)||PKR 11,000||PKR 6,800,000||PKR 680,000||PKR 510,000|
|2-Kanal Plot (Residential)||PKR 15,000||PKR 13,000,000||PKR 1,300,000||PKR 975,000|
|4-Marla Plot (Commercial)||PKR 15,000||PKR 17,500,000||PKR 1,750,000||PKR 1,312,500|
|8-Marla Plot (Commercial)||PKR 20,000||PKR 35,000,000||PKR 3,500,000||PKR 2,625,000|
Here is a screenshot of the application form:
The official I spoke to said that the application form has been slightly amended and the new form will be made available on DHA Multan’s website on Monday. You can also pick up an application from designated banks (details available on application form).
What should you apply for?
If you want to invest in DHA Multan for short term only, you should go for 5-marla plots, as smaller plots are traded massively in the market and they usually fetch more profit in the short-time period. Those willing to invest in commercial plots should consider the 8 marla options.
Currently, the price of 1-kanal affidavit files in DHA Multan’s Phase I is PKR 5,400,000. DHA is launching 1-kanal plot at PKR 6,800,000. So, file owners should expect to see an increase in the value of their files in a month.
Many rumours about the official launch of DHA Multan were spread in 2016, but none of them turned out to be true. Some also said that DHA is largely focusing on DHA Villas in DHA Bahawalpur and the Multan launch would see massive delays – but that has proven to be untrue as well.
I believe that this is a promising investment opportunity, and not one people should miss. I’ll keep you posted on any new developments in DHA Multan. For now, let me know what you think about the project in the comments section below.