New plots in DCK – a deal you shouldn’t miss
Located on the Super Highway in the city by the
sea, DHA City
Karachi (DCK) has seen a great
response from property investors since its inception. This is because DHA
projects are widely trusted by both local and overseas investors and also
because DCK is a state-of-the-art project boasting an environment friendly
infrastructure.
the average
price of 250-square yard plots in the locality witnessed an increase of 41.29%
in 2016. Similarly, the prices of 500-square yard plots registered a growth of
69.43% the same year. Most societies in Karachi have not seen a similar
increase.
The locality
still has a lot of potential for investment – and the cherry on this cake are
the new plots that DCK just announced. Applications have been sought by the
authority for these plots, which can be acquired on instalments; residential
plots of 125 square yards, 250 square yards, 300 square yards, 500 square
yards, 600 square yards, and 1,000 square yards are on offer.
Plot Type
|
Processing fee
|
Base Price
|
Down Payment (10%)
|
Sixteen equal quarterly instalments
|
125 square yards
|
PKR 8,000
|
PKR 3,750,000
|
PKR 375,000
|
PKR 210,938
|
250 square yards
|
PKR 10,000
|
PKR 7,500,000
|
PKR 750,000
|
PKR 421,875
|
300 square yards
|
PKR 12,000
|
PKR 9,000,000
|
PKR 900,000
|
PKR 506,250
|
500 square yards
|
PKR 15,000
|
PKR 15,000,000
|
PKR 1,500,000
|
PKR 843,750
|
600 square yards
|
PKR 18,000
|
PKR 18,000,000
|
PKR 1,800,000
|
PKR 1,012,500
|
1000 square yards
|
PKR 20,000
|
PKR 30,000,000
|
PKR 3,000,000
|
PKR 1,687,500
|
Please note that
the base price does not include development and utility charges.
How can you apply?
The procedure is simple – you need to download this application
form, fill it out and submit it to the
designated banks, including UBL, MCB, Askari Bank, Dubai Islamic Bank, Bank
Alfalah and Bank Al Habib, along with the processing fee. You also need to
attach your CNIC/NICOP copy with the form. The processing fee is to be
submitted in the form of a bank draft or pay order in the name of DCK Housing
Application.
You should also
note that the processing fee is non-refundable and the last date for the
submission of the application form is April 24, 2017.
Allotment of plots
The plots in
question will be allotted through a computerised ballot and DHA will announce
the ballot date after the completion of the registration process. Ballot
results will be published online on DHA Karachi’s official website.
Should you consider this opportunity?
From what I can
tell, this is a great opportunity for all property investors. the current
average price of 250-square yard plots is PKR 7,973,552, and that of 500-square
yard plots is PKR 11,831,795. The deal seems too impressive given that the
plots can be acquired through the quarterly payment plan.
The authority
plans to launch chalets and villas in DCK in the near future
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