DHA City Karachi (DCK) is one of the most discussed investment option in Karachi. Because of its name DHA City Karachi, it is a part of DHA Karachi in the manner of Concerned Authority. This Authority means, The Name of Trust and Reputation for last many decades.
Since 2009 when the plots were balloted, and almost 27000 files were allotted in different Size/Type and Categories. For the last 18 months, trading of files was on boom and prices also increased. Everyone was waiting for the plot number balloting and in these 18 months many times market showed Extra-ordinary moves when the balloting news rotate in the market, but every time it didn’t happened. Finally, this time the Plot Number Balloting was announced by DHA Karachi on 23rd April 2013.
If you are looking to buy or sell plots in DHA City Karachi,
then contact CITI Associates at 0300/0321-8299101 or email at firstname.lastname@example.org
You may also like to checkout:
- DHA City Karachi (DCK) Balloting Results List 2013
- Important Points of DHA City Karachi (DCK) Balloting Results 2013
- [Pictures] DHA City Karachi (DCK) Plot Numbers Balloting Ceremony on 23rd April, 2013
- DHA City Karachi (DCK) Latest Prices
- DHA City Karachi (DCK) – Complete Payment Schedule Guide
- 13 Immediate Action Plan Works at DHA City Karachi (DCK)
Now it is very interesting that what exactly will happen, about the prices of plot, there are many school of thoughts in the market, like price will go down, or it will go up, or may will it be settled?
After the balloting one thing is very clear that this piece of land has been divided into 16 Sectors and within couple of days everyone knows that where exactly his/her plot is located. These 16 sectors have been divided into mainly three development zones.
- Short Term Development Plan (2012-2015)
- Mid Term Development Plan (2015-2020)
- Long Term Development Plan (2020-2030)
All 16 sectors fall in these three zones, three zones means three different phases of development. Because of this development time-frame, price will depend on in which Zone the plot is situated. After that the particular location will be counted, as every sector is also divided in sub-sector like A, B, C, D, E, and F. Other factor which will be counted in price appreciation is in which sectors DHA own development projects have been planned. This factor will also play an important role for the price of plot, but in long run basis.
- Top Price Sectors: Sector number 3, 5, 6, and 7
- Mid Price Sectors: Sector number 2, 4, 8, 9, 10, and 16
- Low Price Sectors: Sector number 11, 12, 13, 14, and 15
Note: This price variation is based on the time-frame of development of particular sectors, the other factors will be counted in future and the price variation will be different.
As we saw the market movement for last three years in which market traded as ON money of plots, first of all according to my opinion, now the price will be calculated on Lump Sum Price Method and there will be no ON money factor now. For example 200 Square Yards (J-Category) ON money touched the highest price after the balloting news i.e. PKR 15.5 Lacs.
Buyer have to pay the ON money plus already paid installment by the previous owner and the remaining amount will be paid in installment by the buyer to DHA Karachi as per the payment schedule of the plot. Now it should be counted as one price like according to this ON money, the total price of 200 Square Yards (J-Category) plot is PKR 23,16,000/- (after the payment of all installments). This is just an example. As the price adjustment is due and as mention earlier that it will be depend on particular sector in which plot is located.
For say in the Short-Term Development Sector, the total final price of 200 Square Yards plot will be PKR 25 Lacs. Now at the time of transaction the remaining balance of DHA (whatever it is, according to category of plot) will be deduct from this price. This calculation will applicable for all types of categories and buyer has to pay according to remaining balance.
By this calculation method, price will be settled and it will easy to understand for new buyers, specifically overseas Pakistanis and other buyers from different part of the country.
With the help of this calculation method price forecast for mainly three Zones will be as follows. Here we are taking mainly three sizes of plot. One more very important thing after the balloting is that the maximum number of plots are in the size of 500 Square Yards, which is 13274 plots in all categories. Now in any scheme or society market is based on the particular size of category which is available in maximum number and in DHA City Karachi we have major number of plots in 500 Square Yards of size.
Price forecast means that after the balloting price will be settled on these price levels. In the long run, there will be major changes in price according to overall situation of country and particularly, after election effects, will definitely count.
Zone I – Short-Term Development Plan (2012-2015)
- 200 Square Yards. 24 to 28 Lacs
- 300 Square Yards. 28 to 32 Lacs
- 500 Square Yards. 40 to 45 Lacs
Zone II – Mid-Term Development Plan (2015-2020)
- 200 Square Yards. 20 to 24 Lacs
- 300 Square Yards. 23 to 28 Lacs
- 500 Square Yards. 32 to 40 Lacs
Zone III – Long-Term Development Plan (2020-2030)
- 200 Square Yards. 16 to 20 Lacs
- 300 Square Yards. 18 to 22 Lacs
- 500 Square Yards. 27 to 32 Lacs
Note: This price forecast is based on the market trends of other market, the actual price range could vary from this, and this study is entirely according to my personal opinion, and there is no guarantee of any kind for exact price happening.
This is first analysis after the plot number balloting, according to current market there is no news of the any particular price level. We have to follow the market and many other factors will be counted like General Election 2013 and over all Real Estate market of DHA Karachi is also in very positive cycle. This price forecast is only for the just after balloting price and once the market will be settled price could be changed in 3rd and last quarter of 2013. As according to my personal research of Real Estate Decade Cycle, 2014 will be the best year in the history of Real Estate Market of Pakistan, and if it happens in the same way the price range will be completely changed.
Request: Please share your Opinions & Views and please give me your feedback about my point of view for the DCK market and over all Real Estate Research. Thanks!
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.
This article is written by Mr. Muhammad Shafi Jakvani, CEO – Citi Associates. You can get in touch with him at email@example.com. Above mention prices are subject to change any time according to their demand and supply, depend on the volatility of the market. And there is no guarantee of any kind of price variation.