The government of Pakistan has launched a relief construction package. Though, the government has permitted investors to invest in projects of construction without stating sources of income. Taxes on the transfer of property rights, developers, builders, etc. will also be reduced. This package will have a positive effect on the sector of real estate as well. Briefly, this package will boost the purchasing activity of the Defence Housing Society, Lahore. In the coming time, property prices for building and development will be higher. In addition, the stamp duty has been reduced to 1%, which means a 30-50% reduction in transfer costs.
This article is going to give information about the best places to purchase property at DHA Lahore.
Phase 8 – DHA Lahore
Defence Housing Authority, Lahore – Phase 8 is one of the top investment options in 2020. Because the price of the land is still lower than in phase 6 and the location is much better. This will bring you a cost-effective profit and benefit from the construction relief package.
In phase 8, the plot’s possession has been started a few years back. We now see many new homes built by homeowners. The average price of the current land plot in the eighth phase of DHA is 5-7 million less than it was 5 years ago. This needs to be borne in mind as I think there is every possibility for recovery in the current scenario. However, in the current scenario, this is a profitable investment option. Remember to purchase property away from high voltage wires, cemeteries, etc. It is safer for investors to buy plots of medium price range from 185 to 220 lakhs in a good block of phase 8 like U or V. These plots will provide you with an ROI for years to come.
Phase 6 – DHA Lahore
Phase 6 is also a good choice when building a home. The price of the plot in Phase 6 is between Rs 1.6 and 3.75 Crore. This phase is fully developed and is one of the latest phases of DHA in Lahore. This is actually a great prospect to purchase a piece of land in good neighborhoods to build a house. If you are looking to buy a plot of land for investment purposes, you should buy a plot of land in the middle price range and at a good location. As for the investment potential, it is not much appreciated because of the lower increment of prices in phase 8, in the upcoming years.
Phase 7 – DHA Lahore
Buy a plot of land in Blocks P, Q, R, S, and T, if you want to build a house in phase 7. This is a good choice for those who want to enjoy all the luxury amenities of DHA Lahore even on a tight budget. A house can be built for half the cost of phases 6 and 8. You can then invest the savings in other areas with greater profit. However, this stage is not recommended from the investment point of view due to the average increase in the value of the plots over the last years.
Phase 5 – DHA Lahore
The fifth phase is the most populated, contemporary, and developed phase in DHA Lahore. It is an excellent opportunity for those who want to own a home, even much better than other phases. However, the price of the land plot at the fifth stage is higher than in other regions. Requirements for the plot at Phase 5 are higher. This is a great opportunity for anyone looking to invest in construction. It has huge potential for new home sales. Moreover, you can gain capital by building a house for resale or for renting or living because there is a chance of rising in property pricing.
Phase 9 Prism – DHA Lahore
Defence Housing Authority, Lahore, phase 9 development is still pending. There are no clear terms for its acquisition. However, in the coming years, the development and population will get better in this region. From a long-term point of view, Phase 9 Prism is a great option for making good profits in the years to come. Your best bet is to buy topped plots such as Blocks A, B, C, D, F. The phase also proposes 5 Marla plots between four to five million, making it suitable for a small investment.
Phase 9 Town – DHA Lahore
The phase consists of 5, 8, and 10 marla plots and is the best opportunity for those who are willing to do small investments. Furthermore, the price of land plots in Phase 9 of DHA Lahore ranges from 4.5 – 8 million. However, all the phases of DHA are enjoying construction relief package benefits and are also ideal for making good cash.
