Two Kanal Pair plot file of P block are for sale, Development charges 14.65 lac each which are to be paid in three years quarterly installments.
Many people may not even be aware of the whereabouts of DHA Phase 2 Extension and might be considering it to be somewhere on DHA Expressway as shown on Google Maps, which is absolutely wrong. The actual location of DHA Phase 2 Extension is close to DHA Valley right after the railway track which can be considered as the boundary between DHA Phase 2 and DHA Phase 2 Extension.
The area consisting of blocks i.e. J,K,L,M,N,Q,P was also part of DHA Phase 2 Extension but later it was included in proper phase 2 while the remaining area has been termed as DHA Phase 2 Extension. It has a large number of blocks i.e. from A to T with a large number of 1 kanal residential files.
Initial blocks i.e. A,B,C & D are considered to be most expensive where prices of 1 kanal all dues cleared files normally range from 40 to 50 lacs as per current market rates. Similarly, last blocks i.e. P,Q,R,S,T are the cheapest ones where prices of 1 kanal open certificates range from 25 to 38 lac rupees as per current market rates. Earlier this year, similar files would cost around 17 to 18 lacs.
The only major reason driving this abrupt rise in prices of DHA Phase 2 Extension is that physical development on the project has been started by DHA which has accelerated demand of files. A revised map of DHA Phase 2 Extension is also expected to be disclosed very soon in which some blocks may be cancelled and their files may be merged in initial blocks. Initially the project had only 4 blocks, i.e. A,B,C and D, but later on files of various other blocks came in the market which were mostly given to civilians as well as to the landowners and developers as a policy of DHA.
Since the development work has started already, there are chances that prices will continue to rise with more developments in this area.