DHA City Karachi (DCK) is also known as Phase 9 of DHA (proper). This is primarily because DHA (proper) is short of land and cannot extend any further along the sea coast. So naturally, investment is bound to shift to DCK. Thus, DCK is aptly treated as a part of DHA Karachi by buyers, investors and dealers alike.
As DCK is a reliable and promising DHA project still in its early stages of development, property rates in the locality are quite low and tempting right now. This is something investors realised not too long ago. Just a year ago, property rates in DCK were reasonably low, but back then investors weren’t really tempted to buy plots here. What changed their mind? Surely some of you may believe that another real estate project has a role to play in the increased demand for and mounting rates of plots for sale in DHA City Karachi. While that may hold truth, it is also important to note that DCK is quickly moving closer to its deadline of being livable by 2016. That’s huge!
As per promises made by the DHA, possession in DCK Sector 3 is to be handed over by the end of 2016. Investors have taken notice of this information as the most expensive residential plots are found in this sector. Moreover, DHA has announced its commitment to complete DCK by 2021, a mere 5 years from today.
DCK’s website mentions that Sector 3 will be adequate for living in by 2016 and development work in Sector 5 and 7 will be completed by 2016. The remaining portion of the project, except for Balance Utilities, which cover about 10% of the project’s total area, will be ready by 2021. Sectors that fall in the red zone are currently high priority for developers and this is why rates in these areas are currently the highest.
The sectors marked in the yellow zone will be developed in the second phase of development and, consequently, property rates here are lower than those in the red zone. Accordingly, any investment made in one of the yellow zone sectors can fetch greater returns in the next two years. These include Sectors 4, 6, 8, 9, 10, 11, 12, 15, and 16. Out of all these, Sectors 4, 6, 8, 9, 10, and 11 seem to be more attractive for investment as they are surrounded by sectors where development work is scheduled to be completed by the end of 2016.
To give you a clear idea of the rates, let’s allow the numbers to do the talking;
At the moment, the average rate of a 250-yard2 plot is PKR 5,750,000, which was PKR 2,668,000 back in May 2015. In terms of percentage, this is a 115.70% rise recorded in merely one year.
Zameen.com has recorded a current average rate of PKR 9, 926,000 for 500-yard2 plots. This category stood at PKR 3,860,000 in May 2015, which means that there has been a whopping 157% surge. Isn’t that amazing? Indeed it is!
But where are the rates headed in the future? To get an appropriate idea, one needs to compare the current rate of property in DCK with that of DHA proper. I know this could appear to be an odd comparison to some but remember, this is the only proper extension of DHA Karachi and all future real estate trade is bound to shift here sooner or later. So, I advise readers to give DCK its due worth before they find themselves unable to afford it!
The Assets Consultants
Office # 1, Plot # 45-D, Muslim Street # 1
Muslim Commercial Area, DHA Phase VI