Need A lot Of Money to Buy A Plot In DHA
Purchasing a plot in DHA (Defence Housing Authority) is a dream for many people in Pakistan, especially in cities like Lahore and Karachi. DHA is known for its high-end residential areas and luxurious living standards, making it one of the most sought-after places to live in the country. However, buying a plot in DHA is not an easy task, as it requires a significant amount of money. In this article, we will discuss the factors that contribute to the high cost of buying a plot in DHA and what you should consider before making such a purchase.
The location of the plot is one of the most important factors that contribute to its cost. Plots located in prime areas such as Phase 8, 9 and 10 in Lahore, or Phase 5 and 6 in Karachi, are considered to be the most expensive due to their proximity to important landmarks, such as commercial areas, schools, and hospitals. Moreover, plots located near parks and greenbelts are also considered to be more expensive due to their scenic views and peaceful surroundings.
The size of the plot also plays a significant role in determining its cost. Larger plots are more expensive than smaller plots due to the additional land area they offer. A plot of 1 kanal (500 square yards) is typically more expensive than a plot of 5 marlas (125 square yards) due to the extra land area.
Demand and Supply
The demand and supply of plots in DHA also contribute to their cost. Plots in high-demand areas are typically more expensive than those in low-demand areas. This is because there are more buyers looking to purchase plots in high-demand areas, which drives up the prices. Additionally, plots that are located in areas that are being developed or where new projects are being launched are typically more expensive than those in established areas.
Facilities and Amenities
Plots located in areas that offer a wide range of facilities and amenities are typically more expensive than those that do not. These facilities and amenities include parks, playgrounds, swimming pools, gyms, community centers, and more. Additionally, plots located in areas that offer security and maintenance services are also more expensive than those that do not.
Infrastructure and Development
The infrastructure and development of an area also contribute to the cost of a plot. Plots located in areas that are well-developed and have good infrastructure, such as roads, electricity, and water supply, are typically more expensive than those in areas that are not as well-developed. Additionally, plots located in areas that are considered to be ‘hot spots’ for development and investment are also typically more expensive.
In conclusion, buying a plot in DHA is a significant investment and requires a significant amount of money. The cost of a plot is determined by a variety of factors, including location, plot size, demand and supply, facilities and amenities, infrastructure, and development. It is important to consider all of these factors before making a purchase, as they can greatly impact the cost of the plot. Additionally, it is important to consult with a real estate agent or property expert to ensure that you are making a wise investment.