Make the Right Investment by Choosing the Right Plot Size

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The statistics, which entails more than million property listings amassed from throughout the country, take a examine how belongings fared between May additionally 2016 and might 2017. With a specific give up a goal to understand the proper plot size that ensures larger profits in go back, I’ve examined the maximum prominent charge trends of the ultimate 12 months.

 

Data Observations:

 

Compared to the real estate rate developments of ultimate 12 months, the normal fee of 5-marla plots in Pakistan has fallen. In phrases of numbers, the autumn is a minor 1.43%, recorded between can also 2016 and might 2017.

 

Essentially, the price traits of ultimate 12 months indicated that there was room for boom within the price of 10-marla plots and our maximum current information demonstrate that said development did arise with none doubt. As indicated through the statistics of last year, the regular marketplace estimation of a 10-marla plot in Pakistan has long passed up by means of 4.19% in only twelve months.

 

For 1-Kanal plots, the normal value went up by means of 3.32% among may additionally 2016 and can 2017. Approximately this plot length, we saw a drop in the call for among the real buyers a year in the past however the belief that traders want 1-Kanal residential plots, their fees might not go down.

 

Read More: Buying A House for The First Time?

 

5-Marla Category:

 

In the course of the duration of may also and August 2016, the average price of 5-marla personal plots in Pakistan took after an upward direction. Amid this high tide, the fees crossed the PKR 4 million take a look at in September 2016 but began to fall inside the coming months. the reason at the back of this drop was the imposition of the brand-new tax scheme in July 2016.

 

Currently, the everyday fee of a 5-Marla plot For Sale in Pakistan is PKR 3.69 million.

 

10-Marla Category:

 

A steady upward thrust in charge became visible in 10-marla plots throughout may also and September 2016. The decline activated with the aid of the implementation of new tax reforms turned into also diffused. and opposite to 5-marla plots, the marketplace estimation of 10-marla plots started to go up yet again in March 2016.

 

proper now, the common fee of a 10-Marla plot For Sale in Pakistan is PKR 6.25 million.

 

1-Kanal Category:

 

The price of one-Kanal private plots started to drop in October 2016. through February 2017, their price had dropped to PKR 12.95 million. the next months, but, brought alongside some momentum for the belongings quarter and the normal price of 1-Kanal plots began to move up over again.

 

In evaluation with the information recorded lower back in may additionally 2016, there may be an ordinary price appreciation of approximately 3.32%. the latest information taken from the marketplace reveals that 1-Kanal plot for sale prices around PKR 13.29 million.

 

Conclusion:

 

According to a few recent surveys, the ordinary market charge of 10-Marla residential plots in Pakistan is undervalued through as a minimum PKR 1 million. along those traces, preferably speak, there is an incredible room for development in this plot category of plots.

 

Have a Remark/Suggestion about this write-up? Get in touch with me inside the comment segment down below.

 

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DHA Multan to Host Its Location Ballot for Phase 1 on 31st July 2019

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There’s good news for people who’ve been patiently waiting for the location ballot for Phase 1 of DHA Multan, as it has officially been announced for the 31st of July 2019. The news has been a long time coming as the original balloting date of 25th December 2018 was delayed since it reportedly coincided with the balloting date of DHA Bahawalpur.

With respect to the ballot being held at the end of next month, it is important to note that the last date for the conversion of fresh Affidavits of 2018-19 into Allocation Letters has been extended up to 10th July 2019. Any open Affidavits will not be included in the 1st Ballot for Phase 1 after this date. Also, the open Affidavits issued before 31stDecember 2017 will be included in the 2nd Ballot for Phase 1, as the last date for their conversion was 31st May 2019. DHA Multan has also released its official video with regards to the Location Ballot being held next month.

It is important to note that this is a location ballot for the plot files whose booking had been confirmed in the booking ballot held on the 31st of May 2017. As such, these plot files of DHA Multan are also available for sale due to their confirmed booking status. However, it is advised that investors should only purchase plot files where down payment has already been made in its entirety by the initial buyer.

The project also contains a number of ready-to-move villas in Sector D (allocated via a balloting process on 28 October 2018) and army-allotted plots for sale in Askari Housing Scheme III, which may be of interest to those who have cash in hand and want to avoid the lengthy installment-based payment process associated with plot files.

ABOUT DHA MULTAN

Initiated in 2014, DHA Multan is an ideally located residential project, offering entry points from Matinal and Bosan Road. The project also enjoys close proximity to the City Centre. As the aim of the project is to offer a diverse real estate portfolio, the housing society contains plots and villas of varying sizes. As for the property prices in DHA Multan, they are affordable for almost all income levels.

The housing community offers a range of features and facilities within its premises, including a theme park, a mega-mall, and a Jamia mosque. Furthermore, Romanza Golf Course is also being developed, complete with its own golfing community for golfers of all ages and experience levels. It will be Pakistan’s first championship-level Signature Golf Course and is being designed by golf course architect, Sir Nick Faldo.

A healthcare city is also being developed here, which will include a range of specialized hospitals, as well as an education city, which will be home to some of the best academic institutions of the country. Residents who buy a house in DHA Multan will thus be close to all possible amenities within a secured, gated society.

In addition to all this, legendary Pakistani cricketer Wasim Akram has announced the establishment of Wasim Akram Cricket Academy in DHA Multan. The Academy will not only have a pavilion and seating area but will also include 6-8 practice pitches as well as other sports facilities, such as a swimming pool, and squash courts.

Talking to the press while announcing the news on the 8th of January 2019, Wasim Akram said, “My purpose is to train and nurture the young talent and this academy will be a breeding ground for the national team. I intend turning this academy into a training camp for the Pakistan team members whenever a tour is planned.” Continuing on the same note, he added, “Moreover, our plans include laying pitches to match those found in Perth and Melbourne so that our players get top-class preparations.”

Buying property in DHA Multan can be well worth the investment. For questions and queries, you can contact the developers at the contact information given below.

CONTACT INFO

DHA MULTAN MAIN OFFICE

Address: 1, Multan Public School Road, Multan, Pakistan.
UAN: +92-61-111-111-189
Email: support@dhamultan.org

DHA MULTAN SUB OFFICE, LAHORE

Address: 357 MB, DHA Phase-6, Near DHA Lahore Main Office, Lahore
Phone Number: +92-42-37132825, +92-42-37132826
Email: support@dhamultan.org
For more property based news and updates, stay tuned to Rightdeed Blog, Pakistan’s best property blog.
*[Cover Image Credits: Facebook/DHA Multan]