DHA City Karachi (DCK) is another land mark project by DHA Karachi located on Super Highway at 20 minutes drive from Jinnah International Airport. Total available land in DHA City Karachi is 11640 acres out of which around 5000 acres land is being offered for allotment to various categories.
DHA City Karachi will have all facilities of a modern city. It will have wide road network of AASHTO Standards with service roads and modern traffic control system. Streets will be planned with cul-de-sac concept developing harmony of community living system.
The residential and commercial plots are available in different sizes. For the first time the plots are also being offered to all citizens of Pakistan in open ballot on very easy 9 – 10 years payment plan.
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The last month of 2012 is very much volatile for DHA City Karachi (DCK). In this month, market made the highest level in first week, than came down to the lowest level of last two months, and again settle in the end.
The ON money prices are increased drastically in first week of December and made the highest price bench mark like 15, 16 and 17 Lacs for 200, 300, and 500 yards plots respectively and after touching this highest level market took a correction. Reason was at this level every one want to make profit taking and many files comes in selling, market was in selling pressure and prices has been fall down drastically. In the same month market touches the lowest rate of 8, 8.5, and 9 Lacs for 200, 300, and 500 yards plots respectively. After 25th December market took the bullish move again and started making big change in prices.
At the end of December 2012, prices are almost at the same level or a little higher from where it started at the start of the month. But in between it was too volatile. This kind of move was already made in the month of March 2012, when market made the highest level of that time and came down to almost 50% of the highest price. But at that time market took 4 to 5 months to settle down, but this time it settled very quickly.
This quick recovery although is a good sign but sometime it could not be lasting. The balloting date was expected in December 2012, but yet there is no confirmed news from the authority and it might take few more months for balloting.
In civilian categories, price range for ON Money is as follows:
- 200 Square Yards: 12.75~13.00 Lacs
- 300 Square Yards: 12.75~13.00 Lacs
- 500 Square Yards: 13.25~13.50 Lacs
- 1000 Square Yards: 8.00~8.50 Lacs
- 2000 Square Yards: 3.00~3.50 Lacs
- 200 Square Yards: 5.00~6.00 Lacs
- 300 Square Yards: Cost~Cost
- 500 Square Yards: Cost~Cost
- 1000 Square Yards: Not Available
- 2000 Square Yards: Not Available
In army category the official price is almost 50% less as compared to civilian category price and ON Money is calculated according to prevailing civilian price structure of ON Money, and payment plan is based on 20 years installment. These files are not available all the time in all sizes, and the price is not fixed.
One very important point is that because of lower official price of the plot, the ON Money is higher and buyer have to pay more amount upfront. Mostly files which are traded of civilian category and the other categories price is based on civilian category ON Money plus actual price.
In staff category, full paid file (Benefit File) is available in following sizes. These files are allotted to the staff of DHA free of cost and the price is total ON Money:
- 200 Square Yards: 16.50~17.00 Lacs
- 300 Square Yards: 18.50~19.00 Lacs
- 500 Square Yards: 25.00~26.00 Lacs
Note: Mostly files traded in the size of 200, 300 and 500 square yards. It does not mean that other categories are not available, but normally these sizes are traded and are available for sale and people are ready to buy files of these sizes. Other large plot may be allotted in balloting but not available frequently in the market.
These prices are provided by Mr. Muhammad Shafi Jakvani, CEO – Citi Associates. Above mention prices are subject to change any time according to their demand and supply and (ON Money) price can be change either side in the open market, depend on the volatility of the market. And there is no guarantee of any kind of price variation.