DHA Lahore Phase IX: Latest Updates About the Striking Housing Society

DHA (Defence Housing Society) is one of the most popular projects among those people who are looking to buy plots in the city of gardens, Lahore. DHA Phase IX stayed at the top rank throughout 2017 and was still on the top position even in January 2018. As it’s quite clear that it has got a huge presence on the portal, so it’s important to give you an update on what’s happening in Phase IX of DHA.

Development Work:

The development work in all the blocks of phase IX is going on quite well and over 80% of the roadwork has been completed on main boulevards. Sewerage work has been also completed. Workforce with an extensive machinery has been deployed in all the blocks and that’s why we’re seeing a speedy development here. Plus, the situation is also very much satisfying for the investors.

According to Shahid Mukhtar of Parkway Estate, the development work is currently going on in the streets and sector lanes. He believes that soon we’ll be able to see the development work on the ground. When he was asked about the most prominent development of phase IX, he replied the ‘Oval Complex’. Because 70% of the development work has been completed there.

Trends and Demand:

Awais Majeed of Sattar Estate said that Phase IX is one of the most active phases of DHA, where buyers are looking for both medium and long-term investment plans. According to Majeed, Phase IX is grabbing the attention of many investors and it kind of deserves this, as buyers can find a variety of options in DHA Lahore.

Investors essentially prefer 1-Kanal residential plots in DHA. He said, plots that are in blocks with no land pockets are a little bit more in demand, as we all know that the presence of private land and graveyards can reduce the value of the property. The blocks which match these standards are:

  • Block A
  • Block C
  • Block D
  • Block P
  • Block Q,
  • Block H

Price Trends:

A meticulous drop was recorded in the value of Phase IX’s residential plots during 2017. Some agents say that the drop was 10-15%, and was very much conspicuous for plots and blocks that were comparatively overpriced due to their prime location. Whereas, some believe that property which is on sale during the low market conditions usually belongs to the people in need, as the owners didn’t have any other option rather than to sell their property. It doesn’t matter when and how the rates dropped, investors are still getting positive reports from the market.

Rates in Each block:

Well, the property rates in Phase IX vary from block to block just like other projects that are under the development phase. The existence of land pockets can be also blamed for such perceptible differences in the prices of plots within the same block.

Let’s find out the current price ranges of residential plots!

Block A:

Plot size        Price

1-Kanal         PKR 9,000,000 - PKR 15,500,000

Block B:

Plot size        Price

1-Kanal         PKR 9,500,000 - PKR 12,500,000

Block C:

Plot size        Price

10-Marla     PKR 7,000,000 - PKR 8,000,000

1-Kanal         PKR 8,000,000 - PKR 15,000,000

 Block D:

Plot size        Price

1-Kanal        PKR 8,500,000 - PKR 11,500,000

2-Kanal         PKR 32,500,000 - PKR 37,500,000

Block E:

Plot size        Price

1-Kanal         PKR 8,000,000 - PKR 15,000,000

Block F:

Plot size        Price

1-Kanal         PKR 8,000,000 - PKR 14,000,000

Block G:

Plot size        Price

1-Kanal         PKR 9,500,000 - PKR 13,500,000

Block H:

Plot size        Price

1-Kanal         PKR 8,000,000 - PKR 12,500,000

Block J:

Plot size        Price

5-Marla         PKR 3,000,000 - PKR 4,500,000

10-Marla      PKR 6,000,000 - PKR 6,800,000

Block K:

Plot size        Price

5-Marla         PKR 3,600,000 - PKR 4,200,000

10-Marla      PKR 6,500,000 - PKR 7,000,000

1-Kanal          PKR 7,500,000 - PKR 12,000,000

Block L:

Plot size        Price

10-Marla      PKR 6,500,000 - PKR 7,000,000

1-Kanal          PKR 7,500,000 - PKR 12,000,000

Block M:

Plot size        Price

1-Kanal          PKR 7,500,000 - PKR 12,500,000

Block N:

Plot size        Price

1-Kanal          PKR 7,500,000 - PKR 12,500,000

Block P:

Plot size        Price

1-Kanal          PKR 7,500,000 - PKR 15,000,000

Block Q:

Plot size        Price

1-Kanal          PKR 8,000,000 - PKR 15,000,000

Block R:

Plot size        Price

5-Marla         PKR 3,500,000 - PKR 4,500,000

10-Marla      PKR 6,500,000 - PKR 7,500,000

1-Kanal          PKR 8,000,000 - PKR 10,000,000

 Conclusion:

The property rates in DHA Phase IX didn’t drop conspicuously during the real estate’s bearish phase, which clearly shows that the investors here have a sturdy holding power, and they were not only looking for short-term profit. This phase has got plenty of features to offer in terms of profitable investment. So, make sure to invest wisely.


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